SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
and Exchange Act of 1934
Date of Report:11/15/1998
(Date of earliest event reported)
J.P. Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-C6
(Exact name of registrant as specified in governing instruments)
New York
(State or other Jurisdiction of Incorporation)
c/o State Street Bank and Trust Company
Corporate Trust Department
Two International Place, 5th Floor
Boston, MA 02110
(Address of Principal Executive Offices) (Zip Code)
(202) 664-5500
(Registrant's telephone number, including area code)
Commission File Number 333-16397
04-3342274(I.R.S. Employer Identification No.)
Not Applicable
(Former name, former address and former fiscal year if changed
since last report)
<PAGE>
J.P. Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-C6
FORM 8-K
INDEX
ITEM DESCRIPTION PAGE NUMBER
Item 5. Other Event 3
Item 7. Financial Statements and
Exhibits 3
Signatures 3
Exhibit A Trustee's Report to
Bondholders 4
<PAGE>
J.P. Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-C6
FORM 8-K
ITEMS AND SIGNATURES
ITEMS
Item 5. Other Events
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
Item 7. Financial Statements and Exhibits
See Exhibit A, the Trustee's Report to Bondholders attached hereto.
SIGNATURES
Pursuant to the requirement of the Securities Exchange Act of 1934, the
registrar has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
J.P. Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-C6
(Registrant)
Date: 11/15/1995
By:
Name David Shepherd
Title: Assistant Secretary
State Street Bank and Trust Company
as Trustee
J.P. Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-C6
B259
Report to Certificateholders for Payment Date: November 15, 1998
Payment Summary
<TABLE>
Pass-Through Interest Original Original Beginning Principal
Class CUSIP Rate Type Fitch Rating Balance Balance Paid
<S> <C> <C> <C> <C> <C> <C> <C>
A1 617059EJ5 0.06373000 Fixed AAA 99,233,000.00 93,191,824.72 885,664.64
A2 617059EL0 0.06533000 Fixed AAA 220,367,000.00 220,367,000.00 0.00
A3 617059EN6 0.06613000 Fixed AAA 245,853,000.00 245,853,000.00 0.00
B 617059EQ9 0.06735000 Fixed AA 47,784,000.00 47,784,000.00 0.00
C 617059ES5 0.06880000 Fixed A 39,820,000.00 39,820,000.00 0.00
D 617059EU0 0.06979000 Fixed BBB 47,784,000.00 47,784,000.00 0.00
E 617059EW6 0.06812000 Fixed BBB- 15,928,000.00 15,928,000.00 0.00
F 617059DU1 0.06000000 Fixed BB 39,820,000.00 39,820,000.00 0.00
G 617059DW7 0.06000000 Fixed B 19,910,000.00 19,910,000.00 0.00
H 617059DY3 0.06000000 Fixed B- 5,973,000.00 5,973,000.00 0.00
NR 617059EA4 0.06000000 Fixed NR 13,942,011.00 13,942,011.00 0.00
X 617059EY2 0.01175921 Variable AAA 796,414,011.00 790,372,835.72 0.00
R-I 617059EC0 0.00000000 Residual NR 0.00 0.00 0.00
R-II 617059EE6 0.00000000 Residual NR 0.00 0.00 0.00
R-III 617059EG1 0.00000000 Residual NR 0.00 0.00 0.00
Totals: 796,414,011.00 790,372,835.72 885,664.64
</TABLE>
<TABLE>
Interest Total Ending
Paid Paid Balance
<S> <C> <C>
494,926.25 1,380,590.89 92,306,160.08
1,199,714.68 1,199,714.68 220,367,000.00
1,354,854.91 1,354,854.91 245,853,000.00
268,187.70 268,187.70 47,784,000.00
228,301.33 228,301.33 39,820,000.00
277,903.78 277,903.78 47,784,000.00
90,417.95 90,417.95 15,928,000.00
199,100.00 199,100.00 39,820,000.00
99,550.00 99,550.00 19,910,000.00
29,865.00 29,865.00 5,973,000.00
69,710.05 69,710.05 13,942,011.00
774,513.50 774,513.50 789,487,171.08
0.00 0.00 0.00
0.00 0.00 0.00
0.00 0.00 0.00
5,087,045.15 5,972,709.79 789,487,171.08
</TABLE>
<TABLE>
Distributions per Certificate
Beginning Principal Interest Ending
Class Cert Factor Distribution Distrib Cert Factor
<S> <C> <C> <C> <C>
A-1 0.9391213076 8.9251019318 4.9875167535 0.9301962057
A-2 1.0000000000 0.0000000000 5.4441666856 1.0000000000
A-3 1.0000000000 0.0000000000 5.5108333435 1.0000000000
B 1.0000000000 0.0000000000 5.6125000000 1.0000000000
C 1.0000000000 0.0000000000 5.7333332496 1.0000000000
D 1.0000000000 0.0000000000 5.8158333333 1.0000000000
E 1.0000000000 0.0000000000 5.6766668759 1.0000000000
F 1.0000000000 0.0000000000 5.0000000000 1.0000000000
G 1.0000000000 0.0000000000 5.0000000000 1.0000000000
H 1.0000000000 0.0000000000 5.0000000000 1.0000000000
NR 1.0000000000 0.0000000000 4.9999996414 1.0000000000
X 0.9924145291 0.0000000000 0.9725010978 0.9913024635
R-I N/A N/A N/A N/A
R-II N/A N/A N/A N/A
R-III N/A N/A N/A N/A
</TABLE>
<TABLE>
Payment Details
Principal Detail
Beg Schdld Unschdl Other Prin Total Prin Rlzd Loss/ Apprsl End Cum Cum
Class Bal Prin Prin Cash Adj Distrib Amt Bal Adj. Reduc Amt Bal Rlzd Loss Apprs Reduc
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 93,191,824.72 885,664.64 0.00 0.00 885,664.64 0.00 0.00 92,306,160.08 0.00 0.00
A-2 220,367,000.00 0.00 0.00 0.00 0.00 0.00 0.00 220,367,000.00 0.00 0.00
A-3 245,853,000.00 0.00 0.00 0.00 0.00 0.00 0.00 245,853,000.00 0.00 0.00
B 47,784,000.00 0.00 0.00 0.00 0.00 0.00 0.00 47,784,000.00 0.00 0.00
C 39,820,000.00 0.00 0.00 0.00 0.00 0.00 0.00 39,820,000.00 0.00 0.00
D 47,784,000.00 0.00 0.00 0.00 0.00 0.00 0.00 47,784,000.00 0.00 0.00
E 15,928,000.00 0.00 0.00 0.00 0.00 0.00 0.00 15,928,000.00 0.00 0.00
F 39,820,000.00 0.00 0.00 0.00 0.00 0.00 0.00 39,820,000.00 0.00 0.00
G 19,910,000.00 0.00 0.00 0.00 0.00 0.00 0.00 19,910,000.00 0.00 0.00
H 5,973,000.00 0.00 0.00 0.00 0.00 0.00 0.00 5,973,000.00 0.00 0.00
NR 13,942,011.00 0.00 0.00 0.00 0.00 0.00 0.00 13,942,011.00 0.00 0.00
X 790,372,835.72 0.00 0.00 0.00 0.00 0.00 0.00 789,487,171.08 0.00 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals: 790,372,835.72 885,664.64 0.00 0.00 885,664.64 0.00 0.00 789,487,171.08 0.00 0.00
</TABLE>
Interest Detail
<TABLE>
Accrued Beg Unpd Prepayment Current Int Yield Main. Prepaymt Payments to Total Interest Cum Unpaid
Class Cert Int Int Int. Shrtfl Shortfalls Charge Premiums Int Shrtfall Distr. Amount Int Shortfall
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 494,926.25 0.00 0.00 0.00 0.00 0.00 0.00 494,926.25 0.00
A-2 1,199,714.68 0.00 0.00 0.00 0.00 0.00 0.00 1,199,714.68 0.00
A-3 1,354,854.91 0.00 0.00 0.00 0.00 0.00 0.00 1,354,854.91 0.00
B 268,187.70 0.00 0.00 0.00 0.00 0.00 0.00 268,187.70 0.00
C 228,301.33 0.00 0.00 0.00 0.00 0.00 0.00 228,301.33 0.00
D 277,903.78 0.00 0.00 0.00 0.00 0.00 0.00 277,903.78 0.00
E 90,417.95 0.00 0.00 0.00 0.00 0.00 0.00 90,417.95 0.00
F 199,100.00 0.00 0.00 0.00 0.00 0.00 0.00 199,100.00 0.00
G 99,550.00 0.00 0.00 0.00 0.00 0.00 0.00 99,550.00 0.00
H 29,865.00 0.00 0.00 0.00 0.00 0.00 0.00 29,865.00 0.00
NR 69,710.06 339.47 0.00 0.01 0.00 0.00 0.00 69,710.05 341.18
X 774,513.50 0.00 0.00 0.00 0.00 0.00 0.00 774,513.50 0.00
R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Totals: 5,087,045.16 339.47 0.00 0.01 0.00 0.00 0.00 5,087,045.15 341.18
</TABLE>
<TABLE>
Additional Reporting Information
Mortgage Loan Activity for related Payment Date: August 15, 1998
# of Mortgage Weighted Average Beg Agg Stated End Agg Stated End Actual Unpaid Availb
Loans Note Mortgage Rate Princ Balance Princ Bal Prin Bal Distrib Amt
<S> <C> <C> <C> <C> <C>
91 0.077848900000 790,372,835.64 789,487,171.00 789,790,599.42 5,975,673.77
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
0.00 0.00 0.00 0.00
Appraisal Reduction Information:
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Advance on Loan
N/A 0.00 0.00 0.00 0.00
Aggregate Delinquency information for related Payment Date:
One Month Two Months 3 Months + Foreclosures
# of Loans 0 0 0 0
Agg Prin Balance 0.00 0.00 0.00 0.00
REO Property with Final Recovery Determination:
Mortgage Basis for Final All Proceeds Portion Proceed Amount of
Loan # Recovery DeterminationReceived to Certificates Realized Loss
N/A N/A N/A N/A N/A
N/A N/A N/A N/A N/A
</TABLE>
P&I Advance & Fee Information:
Advances:
- Outstanding P&I 1,860,407.28
- Servicing 0.00
- Nonrecoverable P&I 0.00
Interest on:
- P&I Advances 0.00
- Servicing Advances 0.00
Servicing Compensation:
- to Master Servicer 29,226.47
- to Special Servicer 8,233.07
Subordination Levels
Class Current Original
Seniors 0.2925 0.2900
B 0.2320 0.2300
C 0.1816 0.1800
D 0.1211 0.1200
E 0.1009 0.1000
F 0.0504 0.0500
G 0.0252 0.0250
H 0.0177 0.0175
NR 0.0000 0.0000
Class Maturity Date @o%CPR
A-1 March 2005
A-2 March 2008
A-3 March 2008
B March 2009
C March 2010
D March 2010
E March 2010
F March 2013
G March 2015
H March 2017
NR March 2018
Speed History
CPR
%
1 month 0.0000
3 month 0.0000
6 month 0.0000
12 month N/A
Life 0.0000
