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Previous: HYPERTENSION DIAGNOSTICS INC /MN, 8-A12G, 1998-07-16 |
Next: MORGAN J P COMM MORT FN COR COM MT PS THRU CERT SER 1996-C3, 8-K, 1998-07-16 |
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: 11/25/97
(Date of earliest event reported)
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1996-C3
(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>
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1996-C3
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>
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1996-C3
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.
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1996-C3
(Registrant)
Date: 11/25/97
By:
Name David Shepherd
Title: Assistant Secretary
State Street Bank and Trust Company
as Trustee
J. P. Morgan Commercial Mortgage Finance Corp.
Mortgage Pass-Through Certificates
Series 1996-C3
B213
<TABLE>
Trustee's Report to Certificateholders
Payment Summary Payment Date: November 25, 1997
Certificate Interest Original Beginning Principal
Class CUSIP Rate Type Balance Balance Distribution
<S> <C> <C> <C> <C> <C> <C>
A1 617059BF6 0.07330000 Fixed 160,000,000.00 153,401,364.39 434,056.63
A1X* 617059BG4 0.01014834 Variable 160,000,000.00 153,401,364.39 0.00
A2 617059BH2 0.07330000 Fixed 112,636,000.00 112,636,000.00 0.00
A2X* 617059BJ8 0.01014834 Variable 112,636,000.00 112,636,000.00 0.00
B 617059BK5 0.08089834 Variable 24,056,000.00 24,056,000.00 0.00
BCX* 617059BL3 0.00178561 Variable 50,116,000.00 50,116,000.00 0.00
C 617059BM1 0.08236834 Variable 26,060,000.00 26,060,000.00 0.00
D 617059BP4 0.08344834 Variable 14,032,000.00 14,032,000.00 0.00
E 617059BQ2 0.08344834 Variable 8,018,000.00 8,018,000.00 0.00
F 617059BR0 0.08344834 Variable 26,060,000.00 26,060,000.00 0.00
G 617059BS8 0.08344834 Variable 18,042,000.00 18,042,000.00 0.00
NR 617059BT6 0.08344834 Variable 12,031,989.00 12,031,989.00 0.00
R-I N/A N/A N/A 0.00 0.00 N/A
R-II N/A N/A N/A 0.00 0.00 N/A
R-III N/A N/A N/A 0.00 0.00 N/A
Totals: 400,935,989.00 394,337,353.39 434,056.63
BCX Components
BCX-B* N/A 0.00255000 Fixed 24,056,000.00 24,056,000.00 0.00
BCX-C* N/A 0.00108000 Fixed 26,060,000.00 26,060,000.00 0.00
* Notional Class
</TABLE>
<TABLE>
Interest Prepayment Total Ending
Distribution Premiums Payable Balance
<S> <C> <C> <C>
937,026.67 0.00 1,371,083.30 152,967,307.76
129,730.72 0.00 129,730.72 152,967,307.76
688,018.23 0.00 688,018.23 112,636,000.00
95,255.67 0.00 95,255.67 112,636,000.00
162,174.20 0.00 162,174.20 24,056,000.00
7,457.30 0.00 7,457.30 50,116,000.00
178,876.57 0.00 178,876.57 26,060,000.00
97,578.92 0.00 97,578.92 14,032,000.00
55,757.40 0.00 55,757.40 8,018,000.00
181,221.97 0.00 181,221.97 26,060,000.00
125,464.57 0.00 125,464.57 18,042,000.00
82,393.48 0.00 82,393.48 12,031,989.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
0.00 0.00 0.00 0.00
2,740,955.70 0.00 3,175,012.33 393,903,296.76
5,111.90 0.00 5,111.90 24,056,000.00
2,345.40 0.00 2,345.40 26,060,000.00
</TABLE>
<TABLE>
Trustee's Report to Certificateholders
Distributions per Certificate
Beginning Principal Interest Prepaymt Ending
Class Cert Factor Distrib. Distrb. Premium Cert Factor
<S> <C> <C> <C> <C> <C>
A 958.758527 2.712854 5.856417 0.000000 956.045674
AX* 958.758527 0.000000 0.810817 0.000000 956.045674
B 1,000.000000 0.000000 6.108333 0.000000 1000.000000
C 1,000.000000 0.000000 0.845695 0.000000 1000.000000
D 1,000.000000 0.000000 6.741528 0.000000 1000.000000
DX* 1,000.000000 0.000000 0.148801 0.000000 1000.000000
E 1,000.000000 0.000000 6.864028 0.000000 1000.000000
F 1,000.000000 0.000000 6.954028 0.000000 1000.000000
G 1,000.000000 0.000000 6.954028 0.000000 1000.000000
NR 1,000.000000 0.000000 6.954028 0.000000 1000.000000
R-I 0.000000 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000 0.000000
R-III 0.000000 0.000000 0.000000 0.000000 0.000000
represents net payment per certificate
BCX Components
BCX-B* 1,000.00 0.00000000 0.212500 0.00 1,000.00
BCX-C* 1,000.00 0.00000000 0.090000 0.00 1,000.00
* Notional Class
</TABLE>
<TABLE>
Principal Detail
Beginning Scheduled Unsch Prin Realz Bal Total Principal Ending
Class Balance Principal Prin Adjs Loss Adj Distrib.Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 153,401,364.39 434,056.63 0.00 0.00 0.00 0.00 434,056.63 152,967,307.76
A1X* 153,401,364.39 0.00 0.00 0.00 0.00 0.00 0.00 152,967,307.76
A2 112,636,000.00 0.00 0.00 0.00 0.00 0.00 0.00 112,636,000.00
A2X* 112,636,000.00 0.00 0.00 0.00 0.00 0.00 0.00 112,636,000.00
B 24,056,000.00 0.00 0.00 0.00 0.00 0.00 0.00 24,056,000.00
BCX* 50,116,000.00 0.00 0.00 0.00 0.00 0.00 0.00 50,116,000.00
C 26,060,000.00 0.00 0.00 0.00 0.00 0.00 0.00 26,060,000.00
D 14,032,000.00 0.00 0.00 0.00 0.00 0.00 0.00 14,032,000.00
E 8,018,000.00 0.00 0.00 0.00 0.00 0.00 0.00 8,018,000.00
F 26,060,000.00 0.00 0.00 0.00 0.00 0.00 0.00 26,060,000.00
G 18,042,000.00 0.00 0.00 0.00 0.00 0.00 0.00 18,042,000.00
NR 12,031,989.00 0.00 0.00 0.00 0.00 0.00 0.00 12,031,989.00
R-I 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
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
394,337,353.39 434,056.63 0.00 0.00 0.00 0.00 434,056.63 393,903,296.76
BCX Components
BCX-B* 24,056,000.00 0.00 0.00 0.00 0.00 0.00 0.00 24,056,000.00
BCX-C* 26,060,000.00 0.00 0.00 0.00 0.00 0.00 0.00 26,060,000.00
</TABLE>
<TABLE>
Interest Detail
Accrued Interest Excess Additional Prior Unpaid Current Int.Accrd on Cum. Unpaid Total Interest
Class Certif.Int Losses PPIS Exp. Loss Int.Recov Unpaid Int. Prior Unpaid Int Interest Distrib Amt
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 937,026.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 937,026.67
A1X* 129,730.72 0.00 0.00 0.00 0.00 0.00 0.00 0.00 129,730.72
A2 688,018.23 0.00 0.00 0.00 0.00 0.00 0.00 0.00 688,018.23
A2X* 95,255.67 0.00 0.00 0.00 0.00 0.00 0.00 0.00 95,255.67
B 162,174.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 162,174.20
BCX* 7,457.30 0.00 0.00 0.00 0.00 0.00 0.00 0.00 7,457.30
C 178,876.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 178,876.57
D 97,578.92 0.00 0.00 0.00 0.00 0.00 0.00 0.00 97,578.92
E 55,757.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 55,757.40
F 181,221.97 0.00 0.00 0.00 0.00 0.00 0.00 0.00 181,221.97
G 125,464.57 0.00 0.00 0.00 0.00 0.00 0.00 0.00 125,464.57
NR 83,670.79 0.00 0.00 0.00 0.00 0.00 (1,277.31) 0.00 82,393.48
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
2,742,233.01 0.00 0.00 0.00 0.00 0.00 (1,277.31) 0.00 2,740,955.70
BCX Components
BCX-B* 5,111.90 0.00 0.00 0.00 0.00 0.00 0.00 0.00 5,111.90
BCX-C* 2,345.40 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,345.40
</TABLE>
Delinquency Statistics
31-60 Days 61-90 Days 90+ Days Foreclosures
Loans Delinquent 0 0 0 0
Percentage Delinquent 0.00000000 0.00000000 0.00000000 0.00000000
Delinquent Loans UPB 0.00 0.00 0.00 0.00
Percentage Delinquent 0.00000000 0.00000000 0.00000000 0.00000000
Other Information
Current Unreimbursed
P & I Advances 167,489.11 223,992.10
Principal Portion 22,859.98 31,792.64
Interest Portion 144,629.13 192,199.46
Servicing Advances 0.00 0.00
Interest on Advances 423.37
Primary Master Special
Servicing Fee Servicing Fee Servicing Fee
27,104.87 9,858.44 853.99
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