JP Morgan Chase Commercial Mortgage Securities Corp.
09/23/2025 | Press release | Distributed by Public on 09/23/2025 10:48
Free Writing Prospectus (Form FWP)
| FREE WRITING PROSPECTUS | ||
| FILED PURSUANT TO RULE 433 | ||
| REGISTRATION FILE NO.: 333-280318-03 | ||
Sent: Tuesday, September 23, 2025 10:47 AM
Subject: [EXTERNAL]★NEW ISSUE ANNOUNCEMENT★ $877.225MM BANK5 2025-5YR17 ***PUBLIC CMBS***
BANK5 2025-5YR17 COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2025-5YR17
| JOINT BOOKRUNNERS & CO-LEAD MANAGERS : | J.P. MORGAN SECURITIES LLC, MORGAN STANLEY & CO. LLC, WELLS FARGO SECURITIES, LLC, BOFA SECURITIES, INC. |
| CO-MANAGERS : | DREXEL HAMILTON, LLC, ACADEMY SECURITIES, INC. |
| RATING AGENCIES : | FITCH/MDBRS/MOODYS |
| OFFERING TYPE : | SEC-REGISTERED |
*** OFFERED CERTIFICATES - PUBLIC ***
| CLS | RATINGS (F/MDBRS/M) | SIZE ($MM) | WAL (YR) | CERT P.WIN | CERT C/E | CERT LTV | NOI DEBT YLD |
| A-1 | AAA/AAA/Aaa | $9.599 | 2.50 | 1-56 | 30.000% | 40.3% | 18.6% |
| A-2 | AAA/AAA/Aaa | *** | 30.000% | 40.3% | 18.6% | ||
| A-3 | AAA/AAA/Aaa | *** | 30.000% | 40.3% | 18.6% | ||
| A-S | AAA/AAA/A1 | $106.442 | 4.92 | 59-60 | 19.125% | 46.6% | 16.1% |
| B | AA-/AA/NR | $50.162 | 4.99 | 60-60 | 14.000% | 49.5% | 15.1% |
| C | A-/A/NR | $35.480 | 4.99 | 60-60 | 10.375% | 51.6% | 14.5% |
| *CLASS | EXPECTED RANGE OF BALANCE ($MM) | EXPECTED RANGE OF WALs (YR) | EXPECTED P. WIN |
| A-2 | $0.000 - $300.000 | NAP – 4.80 | NAP / 56-59 |
| A-3 | $375.542 – $675.542 | 4.91 – 4.86 | 59-59 / 56-59 |
COLLATERAL SUMMARY
| CUT-OFF DATE BALANCE : | $1,030,287,829 |
| NUMBER OF LOANS : | 44 |
| NUMBER OF PROPERTIES : | 66 |
| WA CUT-OFF LTV : | 57.6% |
| WA MATURITY LTV : | 57.1% |
| WA U/W NCF DSCR : | 1.87x |
| WA U/W NOI DEBT YIELD : | 13.0% |
| TOP TEN LOANS % : | 55.6% |
| WA TERM TO MATURITY (MOS) : | 60 |
| WA REMAINING AMORTIZATION TERM (MOS) : | 348 |
| WA SEASONING (MOS) : | 1 |
| TOP 5 PROPERTY TYPES : | HOSPITALITY (20.9%), MULTIFAMILY (18.0%), MIXED USE(16.1%), OFFICE(14.4%), RETAIL (14.0%) |
| TOP 5 STATES : | CA (27.2%), CO (11.3%), NY(11.2%), MA(8.7%), PA (8.1%) |
| LOAN SELLERS : | JPMORGAN CHASE BANK, NATIONAL ASSOCIATION (21.0%), MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC (33.8%), WELLS FARGO BANK, NATIONAL ASSOCIATION (26.5%) and BANK OF AMERICA, NATIONAL ASSOCIATION (18.7%). |
| U.S. RISK RETENTION : | BANK OF AMERICA, NATIONAL ASSOCIATION IS EXPECTED TO ACT AS THE “RETAINING SPONSOR” AND INTENDS TO SATISFY THE U.S. CREDIT RISK RETENTION REQUIREMENT VIA RETENTION OF AN “ELIGIBLE VERTICAL INTEREST” BY JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, BANK OF AMERICA, NATIONAL ASSOCIATION, WELLS FARGO BANK, NATIONAL ASSOCIATION AND MORGAN STANLEY MORTGAGE CAPITAL HOLDINGS LLC. |
| EU RISK RETENTION : | THE TRANSACTION IS NOT STRUCTURED TO SATISFY THE EU RISK RETENTION AND DUE DILIGENCE REQUIREMENTS. |
| MASTER SERVICER : | TRIMONT LLC |
| SPECIAL SERVICER : | TORCHLIGHT LOAN SERVICES, LLC |
| OPERATING ADVISOR : | PENTALPHA SURVEILLANCE LLC |
| ASSET REPRESENTATIONS REVIEWER : | PENTALPHA SURVEILLANCE LLC |
| DIRECTING CERTIFICATEHOLDER : | TORCHLIGHT DEBT FUND VIII HOLDINGS (US), LLC (OR AN AFFILIATE) |
DOCUMENTS & TIMING
| TERM SHEET & ANNEX A : | ATTACHED |
| PRELIMINARY PROSPECTUS : | ATTACHED |
| PRICE GUIDANCE : | WEEK OF SEPTEMBER 22, 2025 |
| ANTICIPATED PRICING : | ON OR ABOUT SEPTEMBER 26, 2025 |
| ANTICIPATED SETTLEMENT : | ON OR ABOUT OCTOBER 17, 2025 |
JPM CMBS BANKING CONTACTS
KUNAL SINGH 212-834-5467
HARRIS RENDELSTEIN 212-834-6737
RANDY GOLDSTEIN 212-270-2188
JPM CMBS TRADING DESK CONTACTS
AVINASH SHARMA 212-834-3111
BRIAN CAREY 212-834-3111
DERRICK FETZER 212-834-3111
JPM SPG SYNDICATE CONTACTS
JENNIFER KORNBLAU 212-834-4154
MORGAN ROACH 212-834-4154
JACQUELINE LARET 212-834-4154
MICHAEL CASH 212-834-4154
MARIE SARAFIAN 212-834-4154
BOFA CMBS BANKING CONTACTS
LELAND BUNCH 646-855-3953
DANIELLE CALDWELL 646-855-3421
WELLS FARGO CMBS SYNDICATE CONTACTS
CHRISTIE TINTLE 704-410-3008
DANIEL BOXER 704-410-3008
LAUREN SODERBERG 704-410-3008
STEPHEN SKRYNECKI 704-410-3008
WELLS FARGO CMBS BANKING CONTACTS
SEAN DUFFY 312-827-1518
BRIGID MATTINGLY 212-214-7648
DANIEL THOMAS 212-214-2813
ALEX WONG 212-214-5615
MS CMBS SYNDICATE & STRUCTURING CONTACTS
NISHANT KAPUR 212-761-1483
JAS SINGH 212-761-9099
MS CMBS BANKING CONTACTS
JANE LAM 212-761-3507
JARED SMITH 212-761-3075
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JP Morgan Chase Commercial Mortgage Securities Corp. published this content on September 23, 2025, and is solely responsible for the information contained herein. Distributed via SEC EDGAR on September 23, 2025 at 17:38 UTC. If you believe the information included in the content is inaccurate or outdated and requires editing or removal, please contact us at [email protected]