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: 11/25/96
(Date of earliest event reported)
JP Morgan Commercial Mortgage Finance Corp.
Commercial Mortgage Pass-Through Series 1996-C2
(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-C2
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-C2
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-C2
(Registrant)
Date: 11/25/96
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-C2
B193
Trustee's Report to Certificateholders Payment Date: November 25, 1996
<TABLE>
Ending
Certificate Interest Principal Interest Balance
Class Rate Type Distribution Distribution Factor
<S> <C> <C> <C> <C> <C>
Regular
A 0.064700000 Fixed 1.47414 5.32189 0.98558
AX* 0.022827100 Variable 0.00000 1.87764 0.98558
B 0.068000000 Fixed 0.00000 5.66667 1.00000
C 0.070000000 Fixed 0.00000 5.83333 1.00000
D 0.073000000 Fiixed 0.00000 6.08333 1.00000
DX* 0.017193767 Variable 0.00000 1.43281 1.00000
E 0.087527100 Variable 0.00000 7.29392 1.00000
F 0.087527100 Variable 0.00000 7.29392 1.00000
G 0.087527100 Variable 0.00000 7.29393 1.00000
NR 0.087527100 Variable 0.00000 7.29392 1.00000
R-I 0.000000000 N/A 0.00000 0.00000 0.00000
R-II 0.000000000 N/A 0.00000 0.00000 0.00000
R-III 0.000000000 N/A 0.00000 0.00000 0.00000
Class DX Components
DX-B* 0.019527100 Variable 0.00000 11.93726 1.00000
DX-C* 0.017527100 Variable 0.00000 10.71463 1.00000
DX-D* 0.014527100 Variable 0.00000 8.88067 1.00000
* Notional Class
</TABLE>
<TABLE>
Payment Summary
Principal Principal Interest Interest Total
Class Payable Adjustments Payable Adjustments Payable
<S> <C> <C> <C> <C> <C>
Regular
A 305,385.34 0.00 1,102,487.58 0.00 1,407,872.92
AX* 0.00 0.00 388,973.64 0.00 388,973.64
B 0.00 0.00 94,945.00 0.00 94,945.00
C 0.00 0.00 97,737.50 0.00 97,737.50
D 0.00 0.00 101,926.25 0.00 101,926.25
DX* 0.00 0.00 72,020.39 0.00 72,020.39
E 0.00 0.00 183,325.51 0.00 183,325.51
F 0.00 0.00 16,659.32 0.00 16,659.32
G 0.00 0.00 77,767.83 0.00 77,767.83
NR 0.00 0.00 66,692.08 0.00 66,692.08
R-I 0.00 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00 0.00
R-III 0.00 0.00 0.00 0.00 0.00
Total 305,385.34 0.00 2,202,535.10 0.00 2,507,920.44
Class DX Components
DX-B* 0.00 0.00 27,264.71 0.00 27,264.71
DX-C* 0.00 0.00 24,472.21 0.00 24,472.21
DX-D* 0.00 0.00 20,283.46 0.00 20,283.46
* Notional Class
</TABLE>
Advances
Begining Current Recoveries Outstanding
Principal Advances 0.00 21,725.31 0.00 21,725.31
Interest Advances 0.00 114,942.68 0.00 114,942.68
Total Advances 0.00 136,667.99 0.00 136,667.99
Servicing Advances 0.00 0.00 0.00 0.00
Current Interest on Advances 0.00
Cumulative Interest on Advances 0.00
Primary Servicing Fee 31,454.98
Master Servicing Fee 12,582.18
Special Servicing Fee 0.00
<TABLE>
Principal Distribution Detail
Beginning Principal Realized Principal Net Principal Ending
Class Balance Payable Loss Adjustment Payments Balance
<S> <C> <C> <C> <C> <C> <C>
A 204,479,922.42 305,385.34 0.00 0.00 305,385.34 204,174,537.08
AX* 204,479,922.42 0.00 0.00 0.00 0.00 204,174,537.08
B 16,755,000.00 0.00 0.00 0.00 0.00 16,755,000.00
C 16,755,000.00 0.00 0.00 0.00 0.00 16,755,000.00
D 16,755,000.00 0.00 0.00 0.00 0.00 16,755,000.00
DX* 50,265,000.00 0.00 0.00 0.00 0.00 50,265,000.00
E 25,134,000.00 0.00 0.00 0.00 0.00 25,134,000.00
F 2,284,000.00 0.00 0.00 0.00 0.00 2,284,000.00
G 10,662,000.00 0.00 0.00 0.00 0.00 10,662,000.00
NR 9,143,511.00 0.00 0.00 0.00 0.00 9,143,511.00
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
R-III 0.00 0.00 0.00 0.00 0.00 0.00
Total 301,968,433.42 305,385.34 0.00 0.00 305,385.34 301,663,048.08
Class DX Components
DX-B* 16,755,000.00 0.00 0.00 0.00 0.00 16,755,000.00
DX-C* 16,755,000.00 0.00 0.00 0.00 0.00 16,755,000.00
DX-D* 16,755,000.00 0.00 0.00 0.00 0.00 16,755,000.00
* Notional Class
</TABLE>
<TABLE>
Interest Distribution Detail
Accrued CVA Prepayment Prior Unpaid Current Unpaid Interest Net
Class Interest Interest Amount Premium Int Amt Interest Adjustment Interest
<S> <C> <C> <C> <C> <C> <C> <C>
A 1,102,487.58 0.00 0.00 0.00 0.00 0.00 1,102,487.58
AX* 388,973.64 0.00 0.00 0.00 0.00 0.00 388,973.64
B 94,945.00 0.00 0.00 0.00 0.00 0.00 94,945.00
C 97,737.50 0.00 0.00 0.00 0.00 0.00 97,737.50
D 101,926.25 0.00 0.00 0.00 0.00 0.00 101,926.25
DX* 72,020.39 0.00 0.00 0.00 0.00 0.00 72,020.39
E 183,325.51 0.00 0.00 0.00 0.00 0.00 183,325.51
F 16,659.32 0.00 0.00 0.00 0.00 0.00 16,659.32
G 77,767.83 0.00 0.00 0.00 0.00 0.00 77,767.83
NR 66,692.08 0.00 0.00 0.00 0.00 0.00 66,692.08
R-I 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
R-III 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Total 2,202,535.10 0.00 0.00 0.00 0.00 0.00 2,202,535.10
Class DX Components
DX-B* 27,264.71 0.00 0.00 0.00 0.00 0.00 27,264.71
DX-C* 24,472.21 0.00 0.00 0.00 0.00 0.00 24,472.21
DX-D* 20,283.46 0.00 0.00 0.00 0.00 0.00 20,283.46
* Notional Class
</TABLE>
