Common Contracts
9 similar Mortgage Loan Purchase Agreement contracts by JPMBB Commercial Mortgage Securities Trust 2013-C12, JPMBB Commercial Mortgage Securities Trust 2014-C19, JPMBB Commercial Mortgage Securities Trust 2014-C23, others
CREDIT SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP., PURCHASER and THE BANCORP BANK, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of November 1, 2015 Series 2015-C4Mortgage Loan Purchase Agreement • November 25th, 2015 • CSAIL 2015-C4 Commercial Mortgage Trust • Asset-backed securities • New York
to the lesser of $8.6 million and the value of the Mortgaged Property at the time of such partial release, as determined by a FIRREA-compliant appraisal), and (4) delivery of a REMIC opinion that such release is permitted under REMIC requirements.
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and REDWOOD COMMERCIAL MORTGAGE CORPORATION, SELLER and REDWOOD TRUST, INC. MORTGAGE LOAN PURCHASE AGREEMENT Dated as of September 30, 2014 Fixed Rate Mortgage Loans Series 2014-C23Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception 9 Waterstone Landing Apartments (Loan No. 20) (Junior Liens) – There is a mezzanine loan in the amount of $2,750,000.00 made by Redwood Commercial Mortgage Corporation secured by ownership interests in the related Mortgagor. 9 Saddle Brook Apartments & Arbors on Chimney Rock (Loan No. 24) (Junior Liens) – There is a mezzanine loan in the amount of $2,300,000.00 made by Redwood Commercial Mortgage Corporation secured by ownership interests in the related Mortgagor. 15 New Hampshire Portfolio (Loan No. 27) (Actions Concerning Mortgage Loan) – Two of the non-recourse carveout guarantors of the Mortgage Loan are named defendants in ongoing litigation brought by the sellers of certain restaurant franchises acquired by such guarantors, which sellers claim that the guarantors violated certain contractual agreements between the guarantors and the sellers and seek $1,600,000.00 in damages. The
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • September 30th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C23 • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Number as Identified on Exhibit A Description of Exception Mortgagor. In connection with the mezzanine loan, the affiliated mezzanine lender executed a subordination and standstill, a copy of which is included in the related Mortgage File. The subordination and standstill agreement subordinates the mezzanine loan to the Mortgage Loan and prohibits the mezzanine lender from exercising its remedies during the term of the Mortgage Loan. 9 Beverly Connection (Loan No. 9) (Junior Liens) – There is a mezzanine loan in the amount of $21,000,000, which is currently held by a third party investor. In connection with the mezzanine loan, the Mortgage Loan seller and the mezzanine lender executed an intercreditor agreement, a copy of which is included in the related Mortgage File. Additionally, the existing mezzanine loan may be refinanced or an additional subordinate mezzanine loan may be incurred in connection with the acquisition of the fee intere
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • May 21st, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C19 • Asset-backed securities • New York
(Loan No. 49) provided that certain conditions are satisfied, which conditions include (but are not limited to) the following: (i) a combined maximum LTV Ratio of not greater than 70%; (ii) a combined minimum DSCR of at least 1.4x; and (iii) the execution of an intercreditor agreement satisfactory to the lender. 14 IPCC Walgreens Westampton (Loan No. 10) (Condemnation) – Burlington County, New Jersey intends to take a strip of land located at the front of the related Mortgaged Property as part of a planned road widening. 14 The Summit (Loan No. 17) (Condemnation) – The Mortgage Loan documents permit the Mortgagor to dedicate a private road that runs through the Mortgaged Property to the City of Reno, Nevada, subject to certain conditions set forth in the Mortgage Loan documents, which include, among other things, a condition that the road continue to be used for vehicular access and traffic through the Mortgaged Property. 18 The Outlets at Orange (Loan No. 1) (Insurance) – The deductib
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • May 19th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C19 • Asset-backed securities • New York
(Loan No. 49) provided that certain conditions are satisfied, which conditions include (but are not limited to) the following: (i) a combined maximum LTV Ratio of not greater than 70%; (ii) a combined minimum DSCR of at least 1.4x; and (iii) the execution of an intercreditor agreement satisfactory to the lender. 14 IPCC Walgreens Westampton (Loan No. 10) (Condemnation) – Burlington County, New Jersey intends to take a strip of land located at the front of the related Mortgaged Property as part of a planned road widening. 14 The Summit (Loan No. 17) (Condemnation) – The Mortgage Loan documents permit the Mortgagor to dedicate a private road that runs through the Mortgaged Property to the City of Reno, Nevada, subject to certain conditions set forth in the Mortgage Loan documents, which include, among other things, a condition that the road continue to be used for vehicular access and traffic through the Mortgaged Property. 18 The Outlets at Orange (Loan No. 1) (Insurance) – The deductib
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., PURCHASER, and JPMORGAN CHASE BANK, NATIONAL ASSOCIATION, SELLER MORTGAGE LOAN PURCHASE AGREEMENT Dated as of February 28, 2014 Fixed Rate Mortgage Loans Series 2014-C18Mortgage Loan Purchase Agreement • February 28th, 2014 • JPMBB Commercial Mortgage Securities Trust 2014-C18 • Asset-backed securities • New York
greater than 63%; (ii) a combined minimum DSCR of at least 1.57x; (iii) a combined minimum debt yield of at least 9.47%; and (iv) the execution of an intercreditor agreement satisfactory to the lender. Additionally, the Mortgage Loan documents permit the sponsor and certain other owners of indirect equity interests in the Mortgagor to pledge their equity interests as part of a corporate financing secured by all or substantially all of the entity’s assets provided that (a) following the exercise of any remedies, the Mortgagor delivers to the lender a new non-consolidation opinion and an acceptable replacement guarantor, (b) neither the pledge nor the exercise of remedies will result in a change in the property management (unless the replacement is a qualified manager as defined in the Mortgage Loan documents), and (c) the net asset value, when combined with any other co-borrowers or guarantors in connection with the financing, is at least equal to $600,000,000. 9 Hughes Airport Complex
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 least 1.45x; (iii) a combined minimum debt yield of at least 9.5%; and (iv) the execution of an intercreditor agreement satisfactory to the lender. 9 Sava Holdings IHG Portfolio (Loan No. 14) (Junior Liens) – There is a mezzanine loan in the amount of $7,000,000 held by a third party. In connection with the mezzanine loan, the Mortgage Loan Seller and the mezzanine lender entered into an intercreditor agreement, a copy of which is included in the related Mortgage File. 9 DoubleTree-Chicago Northshore (Loan No. 18) (Junior Liens) – There is a mezzanine loan in the amount of $5,000,000 held by a third party. In connection with the mezzanine loan, the Mortgage Loan Seller and the mezzanine lender entered into an intercreditor agreement, a copy of which is included in the related Mortgage File. 9 Candleton Village (Loan No. 20) (Junior Liens) – Future mezzanine debt is permitted in connection
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 least 1.45x; (iii) a combined minimum debt yield of at least 9.5%; and (iv) the execution of an intercreditor agreement satisfactory to the lender. 9 Sava Holdings IHG Portfolio (Loan No. 14) (Junior Liens) – There is a mezzanine loan in the amount of $7,000,000 held by a third party. In connection with the mezzanine loan, the Mortgage Loan Seller and the mezzanine lender entered into an intercreditor agreement, a copy of which is included in the related Mortgage File. 9 DoubleTree-Chicago Northshore (Loan No. 18) (Junior Liens) – There is a mezzanine loan in the amount of $5,000,000 held by a third party. In connection with the mezzanine loan, the Mortgage Loan Seller and the mezzanine lender entered into an intercreditor agreement, a copy of which is included in the related Mortgage File. 9 Candleton Village (Loan No. 20) (Junior Liens) – Future mezzanine debt is permitted in connection
J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP.,Mortgage Loan Purchase Agreement • June 27th, 2012 • J.P. Morgan Chase Commercial Mortgage Securities Trust 2012-Cibx • Asset-backed securities • New York
Rep. No. on Exhibit B Mortgage Loan and Loan Number as Identified on Exhibit A Description of Exception 5 Doubletree by Hilton JFK Airport (Loan No. 12) (Hospitality Provisions) – A comfort letter was issued for the benefit of the Mortgage Loan Seller. Pursuant to the terms of the comfort letter, the related licensor will recognize the Trust, provided the Mortgage Loan Seller notifies such licensor within 30 days of assignment of the related Mortgage Loan to the Trust. 5 Residence Inn & Courtyard by Marriott—Greensboro (Loan No. 18) (Hospitality Provisions) – A comfort letter was issued for the benefit of the Mortgage Loan Seller. The comfort letter is not assignable. Pursuant to the terms of the comfort letter, the Trust may obtain a replacement letter upon request within 90 days of assignment of the related Mortgage Loan to the Trust. 5 The Connecticut Avenue Days Inn—Washington, DC (Loan No. 44) (Hospitality Provisions) – A tri-party agreement was entered into among the related fr
