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: 12/25/98
(Date of earliest event reported)
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1995-C1
(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 1995-C1
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 1995-C1
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 1995-C1
(Registrant)
Date: 12/25/98
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 1995-C1
B168
Report to Certificateholders for Payment Date: December 25, 1998
Payment Summary
<TABLE>
Certificate Interest Original Duff & Original Beginning Principal
Class CUSIP Rate Type Phelps Rating Balance Balance Distribution
<S> <C> <C> <C> <C> <C> <C> <C>
A1 617059AF7 0.07265200 Variable AAA 84,195,000.00 46,586,810.05 3,998,205.58
A1X 617059AG5 0.01780000 Fixed AAA 84,195,000.00 46,586,810.05 0.00
A2 617059AH3 0.07395200 Variable AAA 31,155,000.00 31,155,000.00 0.00
A2X 617059AJ9 0.01650000 Fixed AAA 31,155,000.00 31,155,000.00 0.00
B 617059AK6 0.07615200 Variable AA- 10,329,000.00 10,329,000.00 0.00
C 617059AM2 0.07795200 Variable A- 12,051,000.00 12,051,000.00 0.00
D 617059AP5 0.08225200 Variable BBB 6,886,000.00 6,886,000.00 0.00
DX 617059AQ3 0.01212354 Variable BBB 29,266,000.00 29,266,000.00 0.00
E 617059AA8 0.09045200 Variable N/A 7,747,000.00 7,747,000.00 0.00
F 617059AB6 0.09045200 Variable N/A 7,747,000.00 7,747,000.00 0.00
G 617059AR1 0.09045200 Variable N/A 6,886,000.00 6,886,000.00 0.00
NR 617059AC4 0.09045200 Variable N/A 5,168,634.00 5,168,634.00 0.00
R-I N/A N/A N/A N/A 0.00 0.00 N/A
R-II N/A N/A N/A N/A 0.00 0.00 N/A
Totals: 172,164,634.00 134,556,444.05 3,998,205.58
Based on a Notional Balance
DX Components
DX B N/A 0.01430000 Fixed 10,329,000.00 10,329,000.00 0.00 12,308.73
DX C N/A 0.01250000 Fixed 12,051,000.00 12,051,000.00 0.00 12,553.13
DX D N/A 0.00820000 Fixed 6,886,000.00 6,886,000.00 0.00 4,705.43
</TABLE>
<TABLE>
Interest Total Ending
Distribution Payable Balance
<S> <C> <C>
282,052.08 4,280,257.66 42,588,604.47
122,765.99 122,765.99 42,588,604.47
191,997.88 191,997.88 31,155,000.00
65,836.22 65,836.22 31,155,000.00
65,547.83 65,547.83 10,329,000.00
78,283.30 78,283.30 12,051,000.00
47,198.94 47,198.94 6,886,000.00
29,567.29 29,567.29 29,266,000.00
58,394.30 58,394.30 7,747,000.00
58,394.30 58,394.30 7,747,000.00
51,904.37 51,904.37 6,886,000.00
38,959.44 38,959.44 5,168,634.00
0.00 0.00 0.00
0.00 0.00 0.00
1,090,901.94 5,089,107.52 130,558,238.47
0.00 12,308.73 10,329,000.00
0.00 12,553.13 12,051,000.00
0.00 4,705.43 6,886,000.00
</TABLE>
<TABLE>
Distributions per Certificate
Beginning Principal Interest Ending
Class Cert Factor Distrib Distribution Cert Factor
<S> <C> <C> <C> <C>
A1 553.320388 47.487447 3.349986 505.832941
A1X 553.320388 0.000000 1.458115 505.832941
A2 1,000.000000 0.000000 6.162667 1000.000000
A2X 1,000.000000 0.000000 2.113183 1000.000000
B 1,000.000000 0.000000 6.346000 1000.000000
C 1,000.000000 0.000000 6.496000 1000.000000
D 1,000.000000 0.000000 6.854333 1000.000000
DX 1,000.000000 0.000000 1.010295 1000.000000
E 1,000.000000 0.000000 7.537666 1000.000000
F 1,000.000000 0.000000 7.537666 1000.000000
G 1,000.000000 0.000000 7.537666 1000.000000
NR 1,000.000000 0.000000 7.537667 1000.000000
R-I 0.000000 0.000000 0.000000 0.000000
R-II 0.000000 0.000000 0.000000 0.000000
represents net payment per certificate
DX Components
DX B 1,000.000000 0.000000 1.191667 1000.000000
DX C 1,000.000000 0.000000 1.041667 1000.000000
DX D 1,000.000000 0.000000 0.683333 1000.000000
</TABLE>
<TABLE>
Payment Details
Principal Detail
Beginning Scheduled Unscheduled Principal Realized Balance Total Principal Ending
Class Balance Principal Principal Adjustments Losses Adj Distrib. Amount Balance
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 46,586,810.05 166,530.14 3,831,675.44 0.00 0.00 0.00 3,998,205.58 42,588,604.47
A1X 46,586,810.05 0.00 0.00 0.00 0.00 0.00 0.00 42,588,604.47
A2 31,155,000.00 0.00 0.00 0.00 0.00 0.00 0.00 31,155,000.00
A2X 31,155,000.00 0.00 0.00 0.00 0.00 0.00 0.00 31,155,000.00
B 10,329,000.00 0.00 0.00 0.00 0.00 0.00 0.00 10,329,000.00
C 12,051,000.00 0.00 0.00 0.00 0.00 0.00 0.00 12,051,000.00
D 6,886,000.00 0.00 0.00 0.00 0.00 0.00 0.00 6,886,000.00
DX 29,266,000.00 0.00 0.00 0.00 0.00 0.00 0.00 29,266,000.00
E 7,747,000.00 0.00 0.00 0.00 0.00 0.00 0.00 7,747,000.00
F 7,747,000.00 0.00 0.00 0.00 0.00 0.00 0.00 7,747,000.00
G 6,886,000.00 0.00 0.00 0.00 0.00 0.00 0.00 6,886,000.00
NR 5,168,634.00 0.00 0.00 0.00 0.00 0.00 0.00 5,168,634.00
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
Totals: 134,556,444.05 166,530.14 3,831,675.44 0.00 0.00 0.00 3,998,205.58 130,558,238.47
DX Components
DX B 10,329,000.00 0.00 0.00 0.00 0.00 0.00 0.00 10,329,000.00
DX C 12,051,000.00 0.00 0.00 0.00 0.00 0.00 0.00 12,051,000.00
DX D 6,886,000.00 0.00 0.00 0.00 0.00 0.00 0.00 6,886,000.00
</TABLE>
<TABLE>
Interest Detail
Accrued Unpaid Interest Excess Additional Deferred
Class Certificate Interest Due Losses PPIS Expense Loss Interest
<S> <C> <C> <C> <C> <C> <C>
A1 282,052.08 0.00 0.00 0.00 0.00 0.00
A1X 69,103.77 0.00 0.00 0.00 0.00 0.00
A2 191,997.88 0.00 0.00 0.00 0.00 0.00
A2X 42,838.13 0.00 0.00 0.00 0.00 0.00
B 65,547.83 0.00 0.00 0.00 0.00 0.00
C 78,283.30 0.00 0.00 0.00 0.00 0.00
D 47,198.94 0.00 0.00 0.00 0.00 0.00
DX 29,567.29 0.00 0.00 0.00 0.00 0.00
E 58,394.30 0.00 0.00 0.00 0.00 0.00
F 58,394.30 0.00 0.00 0.00 0.00 0.00
G 51,904.37 0.00 0.00 0.00 0.00 0.00
NR 38,959.44 0.00 0.00 0.00 0.00 0.00
R-I 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
Totals: 1,014,241.63 0.00 0.00 0.00 0.00 0.00
DX Components
DX B 12,308.73 0.00 0.00 0.00 0.00 0.00
DX C 12,553.13 0.00 0.00 0.00 0.00 0.00
DX D 4,705.43 0.00 0.00 0.00 0.00 0.00
</TABLE>
<TABLE>
Current Prepayment Total Interest
Unpaid Int Premiums Distribution Amt
<S> <C> <C>
0.00 0.00 282,052.08
0.00 53,662.22 122,765.99
0.00 0.00 191,997.88
0.00 22,998.09 65,836.22
0.00 0.00 65,547.83
0.00 0.00 78,283.30
0.00 0.00 47,198.94
0.00 0.00 29,567.29
0.00 0.00 58,394.30
0.00 0.00 58,394.30
0.00 0.00 51,904.37
0.00 0.00 38,959.44
0.00 0.00 0.00
0.00 0.00 0.00
0.00 76,660.31 1,090,901.94
0.00 0.00 12,308.73
0.00 0.00 12,553.13
0.00 0.00 4,705.43
</TABLE>
<TABLE>
Delinquency Statistics
30-59 Days 60-89 Days 90+ Days Foreclosures
<S> <C> <C> <C> <C>
Loans Delinquent 0.00 0.00 0.00 0.00
Percentage Delinquent 0.00 0.00 0.00 0.00
Delinquent Loans UPB 0.00 0.00 0.00 0.00
Percentage Delinquent 0.00 0.00 0.00 0.00
</TABLE>
Other Information
Current Unreimbursed
P & I Advances 134,055.88 134,055.88
Principal Portion 19,918.26 19,918.26
Interest Portion 114,137.62 114,137.62
Servicing Advances 0.00 0.00
Interest on Advances 0.00
Primary Master Special
Servicing Fee Servicing Fee Servicing Fee
14,010.56 5,604.23 923.86
Subordinate Support Percentage
Original Subord Current Subord
Class Credit Support Credit Support
A1 0.3300 0.4349
A1X 0.3300 0.4349
A2 0.3300 0.4349
A2X 0.3300 0.4349
B 0.2700 0.3558
C 0.2000 0.2634
D 0.1600 0.2107
DX N/A N/A
E 0.1150 0.1513
F 0.0700 0.0919
G 0.0300 0.0392
NR 0.0000 0.0000
R-I N/A N/A
R-II N/A N/A
