Common Contracts
2 similar Mortgage Loan Purchase Agreement contracts by JPMBB Commercial Mortgage Securities Trust 2013-C12
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 25th, 2013 • JPMBB Commercial Mortgage Securities Trust 2013-C12 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception balance of $1,000,000 subject to, among other things: (i) the Member Loans are non-recourse to borrower and any of its assets, and amounts due under the Member Loans are payable only from excess cash flow after the payments required pursuant to the Mortgage Loan documents, (ii) execution of subordination and standstill agreements, and (iii) no outstanding mezzanine loan. 12 Chelsmore Multifamily Portfolio (Loan No. 16) (Condition of Property) – Certain parts of the 251 West 15th Street Mortgaged Property sustained physical damage in connection with a fire. The estimated remaining cost of repairs is $88,000, which is fully covered by insurance. The borrower expects the repairs to be completed by approximately July 1, 2013. 18 Safeway at Conifer Town Center (Loan No. 40) (Insurance) – The lender has agreed to accept Safeway’s existing property insurance, which has a deductible of $5,000,
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 21st, 2013 • JPMBB Commercial Mortgage Securities Trust 2013-C12 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception balance of $1,000,000 subject to, among other things: (i) the Member Loans are non-recourse to borrower and any of its assets, and amounts due under the Member Loans are payable only from excess cash flow after the payments required pursuant to the Mortgage Loan documents, (ii) execution of subordination and standstill agreements, and (iii) no outstanding mezzanine loan. 12 Chelsmore Multifamily Portfolio (Loan No. 16) (Condition of Property) – Certain parts of the 251 West 15th Street Mortgaged Property sustained physical damage in connection with a fire. The estimated remaining cost of repairs is $88,000, which is fully covered by insurance. The borrower expects the repairs to be completed by approximately July 1, 2013. 18 Safeway at Conifer Town Center (Loan No. 40) (Insurance) – The lender has agreed to accept Safeway’s existing property insurance, which has a deductible of $5,000,
