<PAGE>
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, DC 20549
FORM 10-K
(Mark One) |X| Annual Report pursuant to Section 13 or 15(d) of
the Securities and Exchange Act of 1934
for fiscal year ended December 31, 1999
or
|_| Transition Report pursuant to Section 13 or 15(d)
of the Securities Exchange Act 1934
for the transaction period from __________to ___________
Commission File Number: 333-63589-04
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
(IN RESPECT OF MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1999-C8
-----------------------------------------------------------------
(Exact name of registrant as specified in its charter)
DELAWARE 133789046
--------------------------------- -------------------
(State or other jurisdiction (I.R.S. Employer
of incorporation or organization) Identification No.)
60 WALL STREET
NEW YORK, NY 10260
---------------------------------------- --------------
(Address of Principal Executive Offices) Zip Code
(212) 648-3636
--------------
Registrant's telephone number, including area code
SECURITIES REGISTERED PURSUANT TO SECTION 12(B) OF THE ACT: None.
SECURITIES REGISTERED PURSUANT TO SECTION 12(G) OF THE ACT: None.
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by Section 13 or 15(d) of the Securities Act of 1934 during the
preceding 12 months (or for such shorter period that the registrant was required
to file such reports), and (2) has been subject to such filing requirements for
the past 90 days.
Yes |_| No |X|
Indicate by check mark if disclosure of delinquent filers pursuant to Item 405
of Regulation S-K is not contained herein, and will not be contained, to the
best of the registrant's knowledge, in definitive proxy or information
statements incorporated by reference in Part III of this Form 10-K or any
amendment to this Form 10-K. [ ]
Not Applicable.
Aggregate market value of voting stock held by non-affiliates of the registrant
as of December 31, 1999.
Not Applicable.
Number of shares of common stock outstanding as of December 31, 1999.
Not Applicable.
<PAGE>
Registrant has not been involved in bankruptcy proceedings during the proceeding
five years, and is not reporting as a corporate issuer.
The following documents are incorporated by reference into this Form 10-K.
None.
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<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 1999-C8
--------------------------------------------------
FORM 10-K
INDEX
<TABLE>
<CAPTION>
Page
----
<S> <C> <C>
PART I.
Item 1. Business....................................................................................4
Item 2. Properties..................................................................................4
Item 3. Legal Proceedings...........................................................................4
Item 4. Submission of Matters to a Vote of Security Holders.........................................4
PART II.
Item 5. Market for Registrant's Common Equity and Related Stockholder Matters.......................4
Item 6. Selected Financial Data.....................................................................5
Item 7. Management's Discussion and Analysis of Financial Condition and Results of Operations.......5
Item 8. Financial Statements and Supplementary Data.................................................5
Item 9. Changes In and Disagreements With Accountants on Accounting and Financial Disclosure........5
PART III.
Item 10. Directors and Executive Officers of the Registrant.........................................5
Item 11. Executive Compensation.....................................................................5
Item 12. Security Ownership of Certain Beneficial Owners and Management.............................5
Item 13. Certain Relationships and Related Transactions.............................................6
PART IV.
Item 14. Exhibits, Financial Statement Schedules and Reports on Form 8-K............................6
Supplemental Information to be Furnished with Reports Filed Pursuant
to Section 15(d) of the Securities Exchange Act of 1934 of Registrants
Which Have Not Registered Securities Pursuant to Section 12 of such Act..........................7
SIGNATURES...................................................................................................8
INDEX OF EXHIBITS............................................................................................9
</TABLE>
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<PAGE>
PART I
Item 1. BUSINESS
This Annual Report on Form 10-K is being filed on behalf of J.P. Morgan
Commercial Mortgage Finance Corp. (the "Registrant") by State Street Bank and
Trust Company, solely in its capacity as trustee under a Pooling and Servicing
Agreement dated as of August 1, 1999 (the "Pooling Agreement") among J.P.
Morgan Commercial Mortgage Finance Corp. as depositor, Midland Loan Services,
Inc. as master servicer and special servicer (the "Master Servicer"), and
State Street Bank and Trust Company as trustee (the "Trustee").
Capitalized terms used herein and not otherwise defined shall have the
respective meanings ascribed to such terms in the Pooling Agreement.
The information contained herein has been supplied to the Trustee by third
parties without independent review or investigation by the Trustee and no
representation or warranty of any kind is made by the Trustee with respect to
such information.
The information called for by this item is omitted as it is not applicable to
the Trust Fund. As used in this Annual Report on Form 10-K, "omitted" means that
the response to the referenced item is omitted in reliance on the procedures
outlined in numerous no-action letters issued by the Commission's Staff with
respect to substantially similar trusts or certificates.
Item 2. PROPERTIES
Information regarding the Mortgaged Properties securing the Mortgage Loans has
been set forth in the Prospectus Supplement relating to the Certificates. The
Trust Fund created under the Pooling Agreement has or will acquire title to real
estate only upon default of the related mortgages under the Mortgage Loans. The
Trust Fund did not acquire any Mortgaged Property in connection with the
foreclosure of a defaulted Mortgage Loan or otherwise.
The Annual Statement as to Compliance of the Master Servicer and the Special
Servicer is annexed hereto as Exhibit 14(a)(1)(i). The Annual Independent Public
Accountants' Report with respect to the master servicing and special servicing
of Midland Loan Services, Inc., is annexed hereto as Exhibit 14(a)(1)(ii).
Item 3. LEGAL PROCEEDINGS
The Registrant knows of no material pending legal proceedings involving either
of (i) Mortgaged Properties or (ii) to the extent related to the Trust Fund, the
Registrant, the Master Servicer, or the Trustee with respect to the Trust Fund
other than ordinary routine litigation, if any, incidental to any of such
parties duties under the Pooling Agreement and not material when taken as a
whole.
Item 4. SUBMISSION OF MATTERS TO A VOTE OF SECURITY HOLDERS
No matters were submitted to a vote or consent of the holders of the
Certificates during the period covered by this report.
PART II
Item 5. MARKET FOR THE REGISTRANT'S COMMON EQUITY AND RELATED STOCKHOLDER
MATTERS
Presently, there is no established trading market for the Certificates known to
the Registrant. As of March 28, 2000, there are an aggregate of twelve (12)
registered holders of all Classes of the Registrant's Mortgage Pass-Through
Certificates, Series 1999-C8, including direct participants of the Depository
Trust Company ("DTC") but excluding
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<PAGE>
Cede & Co., DTC's nominee. The computation of the approximate number of holders
is based upon the number of individual participants in a security position
listing of DTC as of March 28, 2000.
Information as to distributions to Certificateholders have been provided in the
distribution data reports furnished each monthly Distribution Date to the
Certificateholders by the Trustee, which are attached hereto as Exhibits
99.2-99.5.
Item 6. SELECTED FINANCIAL DATA
The information required by this item is omitted because traditional financial
statements would add no relevant information to the reports furnished each
monthly Distribution Date to the Certificateholders by the Trustee, which are
attached hereto as Exhibits 99.2-99.5.
Item 7. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS
OF OPERATIONS
Omitted.
Item 8. FINANCIAL STATEMENTS AND SUPPLEMENTARY DATA
The information required by this item is omitted because traditional financial
statements would add no relevant information to the reports furnished each
monthly Distribution Date to the Certificateholders by the Trustee, which are
attached hereto as Exhibits 99.2-99.5.
Item 9. CHANGES IN AND DISAGREEMENTS WITH ACCOUNTANTS ON ACCOUNTING AND
FINANCIAL DISCLOSURE
The Registrant knows of no changes or disagreements with accountants on
accounting and financial disclosure with respect to the Pool or the
Certificates.
Item 10. DIRECTORS AND EXECUTIVE OFFICERS OF THE REGISTRANT
Omitted.
Item 11. EXECUTIVE COMPENSATION
Omitted.
PART III
Item 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS AND MANAGEMENT
(a) Information required by this item with respect to the security ownership of
certain beneficial owners of the Certificates is annexed hereto as Exhibit
99.1.
(b) Omitted.
(c) As of March 27, 2000, the Class NR Certificate constitutes the "Controlling
Class" within the meaning and bearing the rights and limitations set forth
in the Pooling Agreement, including without limitation the right to
designate an entity to serve as special servicer under the Pooling
Agreement and to advise the special servicer with respect to certain
actions enumerated in the Pooling Agreement. Reference is hereby made in
all respects to the Pooling Agreement for a complete description of the
rights and limitations of the Controlling Class.
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<PAGE>
Item 13. CERTAIN RELATIONSHIPS AND RELATED TRANSACTIONS
Not Applicable.
PART IV
Item 14. EXHIBITS, FINANCIAL STATEMENT SCHEDULES AND REPORTS ON FORM 8-K
(a)(1) FINANCIAL STATEMENTS
(i) The Statement of Compliance delivered by Midland Loan
Services, Inc. as Master Servicer and Special Servicer under the
Pooling Agreement is annexed hereto as Exhibit 14(a)(1)(i).
(ii) The Independent Accountant's Report of Ernst & Young LLP with
respect to master servicing and special servicing by Midland Loan
Services, Inc. is annexed hereto as Exhibit 14(a)(1)(ii).
(a)(2) FINANCIAL STATEMENT SCHEDULES
Omitted.
(a)(3) EXHIBITS
Unless otherwise indicated, the following exhibits required by
Item 601 of Regulation S-K and previously furnished to the Commission
as exhibits to a Report on Form 8-K, are incorporated into this Form
10-K by reference:
4. Pooling and Servicing Agreement dated as of August 1,
1999, by and among J.P. Morgan Commercial Mortgage Finance
Corp., as depositor, Midland Loan Services, Inc. as Master
Servicer and Special Servicer, and State Street Bank and
Trust Company, as Trustee.
99.1* Security Ownership of Certain Beneficial Owners.
99.2* Report to Certificateholders Regarding Distributions made
on the September 15, 1999 Distribution Date.
99.3* Report to Certificateholders Regarding Distributions made
on the October 15, 1999 Distribution Date.
99.4* Report to Certificateholders Regarding Distributions made
on the November 15, 1999 Distribution Date.
99.5* Report to Certificateholders Regarding Distributions made
on the December 15, 1999 Distribution Date.
- ----------------
* Filed herewith
(b) The Trustee recently became aware that no reports on Form 8-K were
filed with the Commission by the Trustee on behalf of the
Registrant with respect to the Certificates during the last
quarter of the period covered by this report. Upon becoming so
aware, the Trustee promptly undertook to prepare and file reports
on Form 8-K with the Commission, reporting items 5 and 7.
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<PAGE>
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO SECTION
15(D) OF THE SECURITIES EXCHANGE ACT OF 1934 OF REGISTRANTS WHICH HAVE NOT
REGISTERED SECURITIES PURSUANT TO SECTION 12 OF SUCH ACT.
The Registrant has not sent an annual report or proxy material to the holders of
its Certificates. The Registrant will not be sending an annual report or proxy
materials to the holders of its Certificates subsequent to the filing of this
Form 10-K.
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<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on its behalf by the
undersigned, thereunto duly authorized.
J.P. MORGAN COMMERCIAL MORTGAGE
FINANCE CORP. (IN RESPECT OF ITS
MORTGAGE PASS-THROUGH CERTIFICATES,
SERIES 1999-C8)
Dated: April 12, 2000 By: State Street Bank and Trust Company,
solely in its capacity as Trustee of
the Trust Fund for the Registrant's
Mortgage Pass-Through Certificates,
Series 1999-C8 and not individually
By: /s/ Daniel M. Scully, Jr.
------------------------------------------
Daniel M. Scully, Jr., Assistant Secretary
-8-
<PAGE>
INDEX OF EXHIBITS
Exhibit No. Description
- ----------- -----------
14(a)(1)(i) The Annual Statement of Compliance delivered by Midland Loan
Services, Inc., as Master Servicer and Special Servicer
14(a)(1)(ii) The Independent Accountant's Report of Ernst & Young LLP with
respect to master servicing and special servicing by Midland
Loan Services, Inc.
99.1 Security Ownership of Certain Beneficial Owners (with original
principal balances)
99.2 Report to Certificateholders Regarding Distributions made on
the September 15, 1999 Distribution Date.
99.3 Report to Certificateholders Regarding Distributions made on
the October 15, 1999 Distribution Date.
99.4 Report to Certificateholders Regarding Distributions made on
the November 15, 1999 Distribution Date.
99.5 Report to Certificateholders Regarding Distributions made on
the December 15, 1999 Distribution Date.
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<PAGE>
EXHIBIT 14(a)(1)(i)
[Midland Loan Services, Inc. Logo]
March 28, 2000
Attn: President VIA UPS
J.P. Morgan Commercial Mortgage Finance Corp. -------
60 Wall Street (212) 483-2323
New York, NY 10260-0000
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage Pass-Through
Certificates, Series 1999-C8
Pooling and Servicing Agreement
OFFICER'S CERTIFICATE
Pursuant to the requirements of that certain Pooling and Servicing Agreement
governing the referenced Trust (the "PSA"), it is hereby certified that (i) the
undersigned has completed a review of the servicer's performance of its
obligations under the PSA for the preceding calendar year; (ii) to the best of
the undersigned's knowledge on the basis of that review the servicer has
fulfilled all of its obligations under the PSA throughout such period in all
material respects; (iii) to the best of the undersigned's knowledge, the
subservicer, of the servicer under the PSA, if any, has fulfilled its
obligations under its sub-servicing agreement in all material respects; and,
(iv) no notice has been received from any governmental agency or body which
would indicate a challenge or question as to the status of the Trust's
qualification as a REMIC under the U.S. Code.
/s/ Charles J. Sipple 3-29-00
----------------------------------------
Charles J. Sipple Date
Executive Vice President
cc:
Attn: Corporate Trust Department
State Street Bank and Trust Company
Two Avenue deLafayette
Boston, MA 02111-0000
210 W. 10th Street Kansas City, MO 64105 Phone: 816/435-5000 Fax: 816/435-2326
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<PAGE>
PAGE 2 OF 2
March 28, 2000
Attn: President VIA UPS
J.P. Morgan Commercial Mortgage Finance Corp. -------
60 Wall Street (212) 483-2323
New York, NY 10260-0000
J.P. Morgan Commercial Mortgage Finance Corp., Mortgage Pass-Through
Certificates, Series 1999-C8 (Canadian Loans)
Pooling and Servicing Agreement
OFFICER'S CERTIFICATE
Pursuant to the requirements of that certain Pooling and Servicing Agreement
governing the referenced Trust (the "PSA"), it is hereby certified that (i) the
undersigned has completed a review of the servicer's performance of its
obligations under the PSA for the preceding calendar year; (ii) to the best of
the undersigned's knowledge on the basis of that review the servicer has
fulfilled all of its obligations under the PSA throughout such period in all
material respects; (iii) to the best of the undersigned's knowledge, the
subservicer, of the servicer under the PSA, if any, has fulfilled its
obligations under its sub-servicing agreement in all material respects; and,
(iv) no notice has been received from any governmental agency or body which
would indicate a challenge or question as to the status of the Trust's
qualification as a REMIC under the U.S. Code.
/s/ Charles J. Sipple 3-29-00
----------------------------------------
Charles J. Sipple Date
Executive Vice President
cc:
Attn: Corporate Trust Department
State Street Bank and Trust Company
Two Avenue deLafayette
Boston, MA 02111-0000
210 W. 10th Street, Kansas City, MO 64105 Phone: 816/435-5000 Fax: 816/435-2326
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<PAGE>
EXHIBIT 14(a)(1)(ii)
[Ernst & Young LLP Logo] |X| One Kansas City Place |X| Phone: 816-474-5200
1200 Main Street
Kansas City, Missouri 64105-2143
Report on Management's Assertion on Compliance
with the Minimum Servicing Standards Set Forth in the
UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS
Report on Independent Accountants
The Audit Committee
PNC Bank Corp.
We have examined management's assertion, included in the accompanying
report titled REPORT OF MANAGEMENT, that Midland Loan Services, Inc. (MLS), an
indirectly wholly-owned subsidiary of PNC Bank Corp., complied with the minimum
servicing standards set forth in the Mortgage Bankers Association of America's
UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS (USAP) except for
commercial loan and multifamily loan servicing, minimum servicing standards V.4
and VI.1., which the Mortgage Bankers Association of America has interpreted as
inapplicable to such servicing during the year ended December 31, 1999.
Management is responsible for MLS' compliance with those requirements. Our
responsibility is to express an opinion on management assertions about MLS'
compliance based on our examination.
Our examination was made in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about MLS' compliance
with those requirements and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on MLS' compliance with specified requirements.
In our opinion, management's assertion, that MLS complied with the
aforementioned requirements during the year ended December 31, 1999, is fairly
stated, in all material respects.
January 20, 2000 /s/ Ernst & Young LLP
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<PAGE>
PAGE 2 OF 2
[Midland Loan Services Inc. Logo]
Management's Assertion on Compliance with the Minimum Servicing Standards
Set Forth in the UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE BANKERS
Report of Management
We, as members of management of Midland Loan Services, Inc. (MLS), an
indirectly wholly owned subsidiary of PNC Bank Corp. (PNCBC), are responsible
for complying with the minimum servicing standards as set forth in the Mortgage
Bankers Association of America's UNIFORM SINGLE ATTESTATION PROGRAM FOR MORTGAGE
BANKERS (USAP) except for commercial loan and multifamily servicing, minimum
servicing standards V.4 and VI.1, which the Mortgage Bankers Association of
America has interpreted as inapplicable to such servicing. We are also
responsible for establishing and maintaining effective internal control over
compliance with these standards. We have performed an evaluation of MLS'
compliance with the minimum servicing standards as set forth in the USAP as of
December 31, 1999 and for the year then ended. Based on this evaluation, we
assert that during the year ended December 31, 1999, MLS complied, in all
material respects, with the minimum servicing standards set forth in the USAP.
As of and for this same period, PNCBC had in effect a fidelity bond in the
amount of $300,000,00 and an errors and omissions policy in the amount of
$20,000,000.
/s/ C.J. Sipple
----------------------------------------
C. J. Sipple
Executive Vice President
/s/ Steven W. Smith
----------------------------------------
Steven W. Smith
Executive Vice President
January 20, 2000
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<PAGE>
EXHIBIT 99.1
ITEM 12. SECURITY OWNERSHIP OF CERTAIN BENEFICIAL OWNERS
As of March 28, 2000, the following persons were known to the Registrant to be
the registered beneficial owners of more than 5% of the aggregate fractional
undivided interest evidenced by each Class of the Certificates referenced below:
<TABLE>
<CAPTION>
TITLE NAME AND ADDRESS AMOUNT OF BENEFICIAL
OF CLASS OF BENEFICIAL HOLDERS OWNERSHIP (ORIGINAL PRINCIPAL) % CLASS
-------- --------------------- ------------------------------ -------
<S> <C> <C> <C>
Class A1* Bank of New York $14,800,000 9%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Bankers Trust Company $58,400,000 34%
c/o BT Services Tennessee Inc.
648 Grassmere Park Drive
Nashville, Tennessee 37211
Chase Manhattan Bank $9,400,000 5.5%
4 New York Plaza, 13th Floor
New York, New York 10004
Citibank, N.A. $10,500,000 6%
P.O. Box 30576
Tampa, Florida 33630-3576
Investors Fiduciary Trust Company/SSB $56,500,000 33%
1776 Heritage Drive
Global Corporation Action Unit JAB 5NW
No. Quincy, Massachusetts 02171
Northern Trust Company $9,600,000 5.6%
801 S. Canal C-IN
Chicago, Illinois 60607
Class A2* Bank of New York $28,480,000 8%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Bank of New York/First Union Nat'l Bank $52,000,000 15%
1 Wall Street, 5th Floor
New York, New York 10286
Boston Safe Deposit and Trust Company $30,900,000 9%
c/o Mellon Bank, N.A.
Three Mellon Bank Center,
Room 153-3015
Pittsburgh, Pennsylvania 15259
Chase Bank of Texas, N.A. $75,000,000 21%
P.O. Box 2558
Houston, TX 77252-8009
Chase Manhattan Bank $27,050,000 8%
4 New York Plaza, 13th Floor
New York, New York 10004
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<PAGE>
Citibank, N.A. $38,525,000 11%
P.O. Box 30576
Tampa, Florida 33630-3576
Northern Trust Company $32,610,000 9%
801 S. Canal C-IN
Chicago, Illinois 60607
State Street Bank and Trust Company $30,710,000 9%
1776 Heritage Drive
Global Corporate Action Unit JAB 5NW
No. Quincy, Massachusetts 02171
Class B* Bank of New York $20,000,000 55%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Citibank, N.A. $15,000,000 41%
P.O. Box 30576
Tampa, Florida 33630-3576
Class C* Bank of New York $5,000,000 15%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Citibank, N.A. $5,418,000 16%
P.O. Box 30576
Tampa, Florida 33630-3576
Deutsche Bank Securities Inc. $7,500,000 23%
175 Water Street
New York, New York 10038
Northern Trust Company $10,000,000 30%
801 S. Canal C-IN
Chicago, Illinois 60607
State Street Bank and Trust Company $5,000,000 9%
1776 Heritage Drive
Global Corporate Action Unit JAB 5NW
No. Quincy, Massachusetts 02171
Class D* Citibank, N.A. $9,630,000 66%
P.O. Box 30576
Tampa, Florida 33630-3576
Northern Trust Company $5,000,000 34%
801 S. Canal C-IN
Chicago, Illinois 60607
Class E* Bank of New York $10,603,000 41%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Chase Manhattan $15,000,000 59%
4 New York Plaza, 13th Floor
New York, New York 10004
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<PAGE>
Class F* Bank of New York $7,972,000 73%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Chase Manhattan Bank $3,000,000 27%
4 New York Plaza, 13th Floor
New York, New York 10004
Class G* Bank of New York $4,000,000 24%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Chase Manhattan Bank $12,459,000 76%
4 New York Plaza, 13th Floor
New York, New York 10004
Class H* Bank of New York $11,116,000 55%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Chase Manhattan Bank $9,000,000 45%
4 New York Plaza, 13th Floor
New York, New York 10004
Class J* Bank of New York $23,774,000 100%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Class K* Bank of New York $7,315,000 100%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Class NR* Bank of New York $14,635,500 100%
925 Patterson Plank Road
Secaucus, New Jersey 07094
Class X* FUNB - Phila. Main $731,516,500 100%
123 South Broad Street
Philadelphia, Pennsylvania 19109
Class R1 Credit Suisse First Boston Corp. -0- 100%
5 World Trade Center, 7th Floor
New York, New York
Class R2 Credit Suisse First Boston Corp. -0- 100%
5 World Trade Center, 7th Floor
New York, New York
Class R3 Credit Suisse First Boston Corp. -0- 100%
5 World Trade Center, 7th Floor
New York, New York
</TABLE>
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<PAGE>
*As of March 28, 2000, the security ownership of the referenced class of
certificates was registered on the books and records of the Trustee to "Cede &
Co.", the Depository Trust Company's nominee. The beneficial ownership of such
class disclosed herein is based on a security position listing of the Depository
Trust Company as of March 28, 2000.
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<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO} COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302 PAYMENT DATE: SEPTEMBER 15, 1999
TRUSTREE'S REPORT TO CERTIFICATEHOLDERS RECORD DATE: AUGUST 31, 1999
PAYMENT SUMMARY
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Pass-Through Interest Original Beginning Principal Interest Total Ending
Class CUSIP Rate Type Balance Balance Paid Paid Paid Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 617059GD6 7.3250000% Fixed 171,500,000.00 171,500,000.00 614,307.23 1,046,864.58 1,661,171.81 170,885,692.77
A2 617059GE4 7.4000000% Fixed 357,019,000.00 357,019,000.00 0.00 2,201,617.17 2,201,617.17 357,019,000.00
B 617059GG9 7.6732901% Fixed 36,575,000.00 36,575,000.00 0.00 233,875.49 233,875.49 36,575,000.00
C 617059GH7 7.6732901% Variable 32,918,000.00 32,918,000.00 0.00 210,491.14 210,491.14 32,918,000.00
D 617059GJ3 7.6732901% Variable 14,630,000.00 14,630,000.00 0.00 93,550.20 93,550.20 14,630,000.00
E 617059GK0 7.6732901% Variable 25,603,000.00 25,603,000.00 0.00 163,716.04 163,716.04 25,603,000.00
F 617059GN4 7.6732901% Fixed 10,972,000.00 10,972,000.00 0.00 70,159.45 70,159.45 10,972,000.00
G 617059GP9 6.0000000% Fixed 16,459,000.00 16,459,000.00 0.00 82,295.00 82,295.00 16,459,000.00
H 617059GQ7 6.0000000% Fixed 20,116,000.00 20,116,000.00 0.00 100,580.00 100,580.00 20,116,000.00
J 617059GR5 6.0000000% Fixed 23,774,000.00 23,774,000.00 0.00 118,870.00 118,870.00 23,774,000.00
K 617059GW4 6.0000000% Fixed 7,315,000.00 7,315,000.00 0.00 36,575.00 36,575.00 7,315,000.00
NR 617059GS3 6.0000000% Fixed 14,635,500.00 14,635,500.00 0.00 73,177.50 73,177.50 14,635,500.00
X* 617059GF1 0.4032889% Variable 731,516,500.00 731,516,500.00 0.00 245,843.71 245,843.71 730,902,192.77
R-I 617059GT1 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-II 617059GU8 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-III 617059GV6 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
* Based on a Notional Balance TOTALS: 731,516,500.00 731,516,500.00 614,307.23 4,677,615.28 5,291,922.51 730,902,192.77
--------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
DISTRIBUTIONS PER CERTIFICATE
-------------------------------------------------------------------------
Beginning Ending
Class Certificate Principal Interest Certificate
Factor Distribution(1) Distribution(1) Factor
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 1.0000000000 3.5819663557 6.1041666472 0.9964180336
A-2 1.0000000000 0.0000000000 6.1666666760 1.0000000000
B 1.0000000000 0.0000000000 6.3944084757 1.0000000000
C 1.0000000000 0.0000000000 6.3944085303 1.0000000000
D 1.0000000000 0.0000000000 6.3944087491 1.0000000000
E 1.0000000000 0.0000000000 6.3944084678 1.0000000000
F 1.0000000000 0.0000000000 6.3944084943 1.0000000000
G 1.0000000000 0.0000000000 5.0000000000 1.0000000000
H 1.0000000000 0.0000000000 5.0000000000 1.0000000000
J 1.0000000000 0.0000000000 5.0000000000 1.0000000000
K 1.0000000000 0.0000000000 5.0000000000 1.0000000000
NR 1.0000000000 0.0000000000 5.0000000000 1.0000000000
X 1.0000000000 0.0000000000 0.3360740462 0.9991602278
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>
(1) represents net payment per certificate
This report has been prepared by, or is based on information furnished to State
Street Bank and Trust Company ("State Street") by, one or more third parties
(e.g. Servicers, Master Servicer, etc.), and State Street has not independently
verified information received from or prepared by any such third party. State
Street shall not and does not undertake responsibility for the accuracy,
completeness, or sufficiency of this report or the information contained herein
for any purpose, and State Street makes no representations or warranties with
respect thereto. The information in this report is presented here with the
approval of the Issuer soley as a convience for the user, and should not be
reiled upon withour further investigation by any user contemplating an
investment decision with repsect to the related securities.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
TRUSTEE'S REPORT TO CERTIFICATEHOLDERS PAYMENT DATE: SEPTEMBER 15, 1999
RECORD DATE: AUGUST 31, 1999
PRINCIPAL DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Other Total
Principal/ Principal Realized Appraisal Cumulative Cumulative
Beginning Scheduled Unscheduled Cash Distribution Losses/ Reduction Ending Realized Appraisal
Class Balance Principal Principal Adjustments Amount Balance Adj. Amount Balance Losses Red.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 171,500,000.00 614,307.23 0.00 0.00 614,307.23 0.00 0.00 170,885,692.77 0.00 0.00
A-2 357,019,000.00 0.00 0.00 0.00 0.00 0.00 0.00 357,019,000.00 0.00 0.00
B 36,575,000.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575,000.00 0.00 0.00
C 32,918,000.00 0.00 0.00 0.00 0.00 0.00 0.00 32,918,000.00 0.00 0.00
D 14,630,000.00 0.00 0.00 0.00 0.00 0.00 0.00 14,630,000.00 0.00 0.00
E 25,603,000.00 0.00 0.00 0.00 0.00 0.00 0.00 25,603,000.00 0.00 0.00
F 10,972,000.00 0.00 0.00 0.00 0.00 0.00 0.00 10,972,000.00 0.00 0.00
G 16,459,000.00 0.00 0.00 0.00 0.00 0.00 0.00 16,459,000.00 0.00 0.00
H 20,116,000.00 0.00 0.00 0.00 0.00 0.00 0.00 20,116,000.00 0.00 0.00
J 23,774,000.00 0.00 0.00 0.00 0.00 0.00 0.00 23,774,000.00 0.00 0.00
K 7,315,000.00 0.00 0.00 0.00 0.00 0.00 0.00 7,315,000.00 0.00 0.00
NR 14,635,500.00 0.00 0.00 0.00 0.00 0.00 0.00 14,635,500.00 0.00 0.00
X* 731,516,500.00 0.00 0.00 0.00 0.00 0.00 0.00 730,902,192.77 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: 731,516,500.00 614,307.23 0.00 0.00 614,307.23 0.00 0.00 730,902,192.77 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Payments Interest Total Cumulative
Accrued Beginning Prepayment Current Yield to on Interest Unpaid
Certificate Unpaid Int. Interest Main. Prepayment Interest Unpaid Distr. Interest
Class Interest Interest Shortfall Shortfalls Charge Premiums Shortfall Interest Amount Shortfall
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,046,864.58 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,046,864.58 0.00
A-2 2,201,617.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,201,617.17 0.00
B 233,875.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 233,875.49 0.00
C 210,491.14 0.00 0.00 0.00 0.00 0.00 0.00 0.00 210,491.14 0.00
D 93,550.20 0.00 0.00 0.00 0.00 0.00 0.00 0.00 93,550.20 0.00
E 163,716.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 163,716.04 0.00
F 70,159.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70,159.45 0.00
G 82,295.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 82,295.00 0.00
H 100,580.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100,580.00 0.00
J 118,870.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 118,870.00 0.00
K 36,575.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575.00 0.00
NR 73,177.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73,177.50 0.00
X* 245,843.71 0.00 0.00 0.00 0.00 0.00 0.00 0.00 245,843.71 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: 4,677,615.28 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,677,615.28 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: SEPTEMBER 15, 1999
RECORD DATE: AUGUST 31, 1999
ADDITIONAL REPORTING INFORMATION
MORTGAGE LOAN ACTIVITY FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
# of Mortgage Weighted Average Beginning Agg Stated Ending Agg Stated Ending Actual Unpaid Available
Loans Note Mortgage Rate Principal Balance Principal Balance Principal Balance Distribution Amt
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
128 7.77153% 731,516,500.23 730,902,193.00 713,213,287.80 5,294,056.13
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------
</TABLE>
P&I ADVANCE & FEE INFORMATION:
<TABLE>
- ---------------------------------------------
<S> <C>
Advances:
- - Outstanding P&I 3,096,454.54
- - Servicing 0.00
- - Nonrecoverable P&I 0.00
Interest on:
- - P&I Advances 0.00
- - Servicing Advances 0.00
Servicing Compensation:
- - to Master Servicer 42,671.82
- - to Special Servicer 0.00
- ---------------------------------------------
</TABLE>
APPRAISAL REDUCTION INFORMATION:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Advance on Loan
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------
</TABLE>
AGGREGATE DELINQUENCY INFORMATION FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
One Month Two Months 3 Months + Foreclosures Sp. Serviced Class Maturity Date @o%CPR
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
# of Loans 0 0 0 0 0 A-1 April 2008
- -----------------------------------------------------------------------------------------
Agg Prin Balance 0.00 0.00 0.00 0.00 0 A-2 April 2009
- ----------------------------------------------------------------------------------------- B April 2009
C April 2009
D April 2009
E April 2009
F NR
G NR
H NR
J NR
K NR
NR NR
------------------------------------
</TABLE>
REO PROPERTY WITH FINAL RECOVERY DETERMINATION:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Mortgage Basis for Final All Proceeds Portion Proceeds Amount of
Loan # Recovery Determination Received to Certificates Realized Loss
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan # Nature of Liquidation Event Liquidation Proceeds 0 0
- ------------------------------------------------------------------------------------------------------
N/A N/A N/A 0 0
- ------------------------------------------------------------------------------------------------------
</TABLE>
SUBORDINATION LEVELS
<TABLE>
<CAPTION>
- ----------------------------------------
Class Current Original
- ----------------------------------------
<S> <C> <C>
Seniors 27.77% 27.75%
B 22.77% 22.75%
C 18.27% 18.25%
D 16.26% 16.25%
E 12.76% 12.75%
F 11.26% 11.25%
G 9.01% 9.00%
H 6.26% 6.25%
J 3.00% 3.00%
K 2.00% 2.00%
NR 0.00% 0.00%
- ----------------------------------------
</TABLE>
SPEED HISTORY
<TABLE>
<CAPTION>
- ---------------------------
CPR *
%
- ---------------------------
<S> <C>
1 MONTH 0.00%
3 MONTH 0.00%
6 MONTH 0.00%
12 MONTH 0.00%
LIFE 0.00%
- ---------------------------
</TABLE>
* Principal received within 1 month of maturity is not
considered prepayment in the calculation of CPR.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: SEPTEMBER 15, 1999
RECORD DATE: AUGUST 31, 1999
HISTORICAL INFORMATION ROLLING 24 MONTHS (FROM 5/99)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
One Month Del. Two Months Del. Three Plus Del. Pre-Payments Mod./REO/Workouts Liquidations
Date Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
9/15/99 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ORIGINAL/CURRENT RATINGS
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Original Current Original Current Original Current Original Current
Class DCR DCR Fitch Fitch Moody's Moodys S&P S&P
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 AAA AAA Aaa Aaa AAA AAA
A-2 AAA AAA Aaa Aaa AAA AAA
B AA AA Aa2 Aa2 AA AA
C A A A2 A2 A A
D A- A- A3 A3 A- A-
E BBB BBB Baa2 Baa2 BBB BBB
F BBB- BBB- Baa3 Baa3 BBB- BBB-
G BB+ BB+ Ba1 Ba1 NR NR
H BB BB Ba2 Ba2 NR NR
J B B B2 B2 NR NR
K B- B- B3 B3 NR NR
NR UNR UNR UNR UNR UNR UNR
X AAA AAA Aaa Aaa AAAR AAAR
R-I
R-II
R-III
- --------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO} COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302 PAYMENT DATE: OCTOBER 15, 1999
TRUSTREE'S REPORT TO CERTIFICATEHOLDERS RECORD DATE: SEPTEMBER 30, 1999
PAYMENT SUMMARY
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Pass-Through Interest Original Beginning Principal Interest Total Ending
Class CUSIP Rate Type Balance Balance Paid Paid Paid Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 617059GD6 7.3250000% Fixed 171,500,000.00 170,885,692.77 751,175.55 1,043,114.75 1,794,290.30 170,134,517.22
A2 617059GE4 7.4000000% Fixed 357,019,000.00 357,019,000.00 0.00 2,201,617.17 2,201,617.17 357,019,000.00
B 617059GG9 7.4470695% Fixed 36,575,000.00 36,575,000.00 0.00 226,980.47 226,980.47 36,575,000.00
C 617059GH7 7.4470695% Variable 32,918,000.00 32,918,000.00 0.00 204,285.53 204,285.53 32,918,000.00
D 617059GJ3 7.4470695% Variable 14,630,000.00 14,630,000.00 0.00 90,792.19 90,792.19 14,630,000.00
E 617059GK0 7.4470695% Variable 25,603,000.00 25,603,000.00 0.00 158,889.43 158,889.43 25,603,000.00
F 617059GN4 7.4470695% Fixed 10,972,000.00 10,972,000.00 0.00 68,091.04 68,091.04 10,972,000.00
G 617059GP9 6.0000000% Fixed 16,459,000.00 16,459,000.00 0.00 82,295.00 82,295.00 16,459,000.00
H 617059GQ7 6.0000000% Fixed 20,116,000.00 20,116,000.00 0.00 100,580.00 100,580.00 20,116,000.00
J 617059GR5 6.0000000% Fixed 23,774,000.00 23,774,000.00 0.00 118,870.00 118,870.00 23,774,000.00
K 617059GW4 6.0000000% Fixed 7,315,000.00 7,315,000.00 0.00 36,575.00 36,575.00 7,315,000.00
NR 617059GS3 6.0000000% Fixed 14,635,500.00 14,635,500.00 0.00 73,177.50 73,177.50 14,635,500.00
X* 617059GF1 0.2144716% Variable 731,516,500.00 730,902,192.77 0.00 130,631.44 130,631.44 730,151,017.22
R-I 617059GT1 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-II 617059GU8 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-III 617059GV6 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
* Based on a Notional Balance TOTALS: 731,516,500.00 730,902,192.77 751,175.55 4,535,899.52 5,287,075.07 730,151,017.22
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
DISTRIBUTIONS PER CERTIFICATE
-------------------------------------------------------------------------
Beginning Ending
Class Certificate Principal Interest Certificate
Factor Distribution(1) Distribution(1) Factor
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.9964180336 4.3800323615 6.0823017493 0.9920380013
A-2 1.0000000000 0.0000000000 6.1666666760 1.0000000000
B 1.0000000000 0.0000000000 6.2058911825 1.0000000000
C 1.0000000000 0.0000000000 6.2058913057 1.0000000000
D 1.0000000000 0.0000000000 6.2058913192 1.0000000000
E 1.0000000000 0.0000000000 6.2058911065 1.0000000000
F 1.0000000000 0.0000000000 6.2058913598 1.0000000000
G 1.0000000000 0.0000000000 5.0000000000 1.0000000000
H 1.0000000000 0.0000000000 5.0000000000 1.0000000000
J 1.0000000000 0.0000000000 5.0000000000 1.0000000000
K 1.0000000000 0.0000000000 5.0000000000 1.0000000000
NR 1.0000000000 0.0000000000 5.0000000000 1.0000000000
X 0.9991602278 0.0000000000 0.1785762044 0.9981333534
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>
(1) represents net payment per certificate
This report has been prepared by, or is based on information furnished to State
Street Bank and Trust Company ("State Street") by, one or more third parties
(e.g. Servicers, Master Servicer, etc.), and State Street has not independently
verified information received from or prepared by any such third party. State
Street shall not and does not undertake responsibility for the accuracy,
completeness, or sufficiency of this report or the information contained herein
for any purpose, and State Street makes no representations or warranties with
respect thereto. The information in this report is presented here with the
approval of the Issuer soley as a convience for the user, and should not be
reiled upon withour further investigation by any user contemplating an
investment decision with repsect to the related securities.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
TRUSTEE'S REPORT TO CERTIFICATEHOLDERS PAYMENT DATE: OCTOBER 15, 1999
RECORD DATE: SEPTEMBER 30, 1999
PRINCIPAL DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Other Total
Principal/ Principal Realized Appraisal Cumulative Cumulative
Beginning Scheduled Unscheduled Cash Distribution Losses/ Reduction Ending Realized Appraisal
Class Balance Principal Principal Adjustments Amount Balance Adj. Amount Balance Losses Red.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 170,885,692.77 751,175.55 0.00 0.00 751,175.55 0.00 0.00 170,134,517.22 0.00 0.00
A-2 357,019,000.00 0.00 0.00 0.00 0.00 0.00 0.00 357,019,000.00 0.00 0.00
B 36,575,000.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575,000.00 0.00 0.00
C 32,918,000.00 0.00 0.00 0.00 0.00 0.00 0.00 32,918,000.00 0.00 0.00
D 14,630,000.00 0.00 0.00 0.00 0.00 0.00 0.00 14,630,000.00 0.00 0.00
E 25,603,000.00 0.00 0.00 0.00 0.00 0.00 0.00 25,603,000.00 0.00 0.00
F 10,972,000.00 0.00 0.00 0.00 0.00 0.00 0.00 10,972,000.00 0.00 0.00
G 16,459,000.00 0.00 0.00 0.00 0.00 0.00 0.00 16,459,000.00 0.00 0.00
H 20,116,000.00 0.00 0.00 0.00 0.00 0.00 0.00 20,116,000.00 0.00 0.00
J 23,774,000.00 0.00 0.00 0.00 0.00 0.00 0.00 23,774,000.00 0.00 0.00
K 7,315,000.00 0.00 0.00 0.00 0.00 0.00 0.00 7,315,000.00 0.00 0.00
NR 14,635,500.00 0.00 0.00 0.00 0.00 0.00 0.00 14,635,500.00 0.00 0.00
X* 730,902,192.77 0.00 0.00 0.00 0.00 0.00 0.00 730,151,017.22 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: 730,902,192.77 751,175.55 0.00 0.00 751,175.55 0.00 0.00 730,151,017.22 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Payments Interest Total Cumulative
Accrued Beginning Prepayment Current Yield to on Interest Unpaid
Certificate Unpaid Int. Interest Main. Prepayment Interest Unpaid Distr. Interest
Class Interest Interest Shortfall Shortfalls Charge Premiums Shortfall Interest Amount Shortfall
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,043,114.75 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,043,114.75 0.00
A-2 2,201,617.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,201,617.17 0.00
B 226,980.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 226,980.47 0.00
C 204,285.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 204,285.53 0.00
D 90,792.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 90,792.19 0.00
E 158,889.43 0.00 0.00 0.00 0.00 0.00 0.00 0.00 158,889.43 0.00
F 68,091.04 0.00 0.00 0.00 0.00 0.00 0.00 0.00 68,091.04 0.00
G 82,295.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 82,295.00 0.00
H 100,580.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100,580.00 0.00
J 118,870.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 118,870.00 0.00
K 36,575.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575.00 0.00
NR 73,177.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73,177.50 0.00
X* 130,631.44 0.00 0.00 0.00 0.00 0.00 0.00 0.00 130,631.44 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: 4,535,899.52 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,535,899.52 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: OCTOBER 15, 1999
RECORD DATE: SEPTEMBER 30, 1999
ADDITIONAL REPORTING INFORMATION
MORTGAGE LOAN ACTIVITY FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
# of Mortgage Weighted Average Beginning Agg Stated Ending Agg Stated Ending Actual Unpaid Available
Loans Note Mortgage Rate Principal Balance Principal Balance Principal Balance Distribution Amt
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
128 7.54242% 730,902,193.00 730,151,017.45 730,308,836.77 5,289,206.92
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------
</TABLE>
P&I ADVANCE & FEE INFORMATION:
<TABLE>
- ---------------------------------------------
<S> <C>
Advances:
- - Outstanding P&I 1,424,128.91
- - Servicing 0.00
- - Nonrecoverable P&I 0.00
Interest on:
- - P&I Advances 0.00
- - Servicing Advances 0.00
Servicing Compensation:
- - to Master Servicer 42,635.96
- - to Special Servicer 0.00
- ---------------------------------------------
</TABLE>
APPRAISAL REDUCTION INFORMATION:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Advance on Loan
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------
</TABLE>
AGGREGATE DELINQUENCY INFORMATION FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
One Month Two Months 3 Months + Foreclosures Sp. Serviced Class Maturity Date @o%CPR
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
# of Loans 1 0 0 0 0 A-1 April 2008
- -----------------------------------------------------------------------------------------
Agg Prin Balance 6,126,710.59 0.00 0.00 0.00 0 A-2 April 2009
- ----------------------------------------------------------------------------------------- B April 2009
C April 2009
D April 2009
E April 2009
F NR
G NR
H NR
J NR
K NR
NR NR
------------------------------------
</TABLE>
REO PROPERTY WITH FINAL RECOVERY DETERMINATION:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Mortgage Basis for Final All Proceeds Portion Proceeds Amount of
Loan # Recovery Determination Received to Certificates Realized Loss
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan # Nature of Liquidation Event Liquidation Proceeds 0 0
- ------------------------------------------------------------------------------------------------------
N/A N/A N/A 0 0
- ------------------------------------------------------------------------------------------------------
</TABLE>
SUBORDINATION LEVELS
<TABLE>
<CAPTION>
- ----------------------------------------
Class Current Original
- ----------------------------------------
<S> <C> <C>
Seniors 27.80% 27.75%
B 22.79% 22.75%
C 18.28% 18.25%
D 16.28% 16.25%
E 12.77% 12.75%
F 11.27% 11.25%
G 9.02% 9.00%
H 6.26% 6.25%
J 3.01% 3.00%
K 2.00% 2.00%
NR 0.00% 0.00%
- ----------------------------------------
</TABLE>
SPEED HISTORY
<TABLE>
<CAPTION>
- ---------------------------
CPR *
%
- ---------------------------
<S> <C>
1 MONTH 0.00%
3 MONTH 0.00%
6 MONTH 0.00%
12 MONTH 0.00%
LIFE 0.00%
- ---------------------------
</TABLE>
* Principal received within 1 month of maturity is not
considered prepayment in the calculation of CPR.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: OCTOBER 15, 1999
RECORD DATE: SEPTEMBER 30, 1999
HISTORICAL INFORMATION ROLLING 24 MONTHS (FROM 5/99)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
One Month Del. Two Months Del. Three Plus Del. Pre-Payments Mod./REO/Workouts Liquidations
Date Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
10/15/1999 1 6,126,710.59 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
9/15/1999 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ORIGINAL/CURRENT RATINGS
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Original Current Original Current Original Current Original Current
Class DCR DCR Fitch Fitch Moody's Moodys S&P S&P
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 AAA AAA Aaa Aaa AAA AAA
A-2 AAA AAA Aaa Aaa AAA AAA
B AA AA Aa2 Aa2 AA AA
C A A A2 A2 A A
D A- A- A3 A3 A- A-
E BBB BBB Baa2 Baa2 BBB BBB
F BBB- BBB- Baa3 Baa3 BBB- BBB-
G BB+ BB+ Ba1 Ba1 NR NR
H BB BB Ba2 Ba2 NR NR
J B B B2 B2 NR NR
K B- B- B3 B3 NR NR
NR UNR UNR UNR UNR UNR UNR
X AAA AAA Aaa Aaa AAAR AAAR
R-I
R-II
R-III
- --------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO} COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302 PAYMENT DATE: NOVEMBER 15, 1999
TRUSTREE'S REPORT TO CERTIFICATEHOLDERS RECORD DATE: OCTOBER 31, 1999
PAYMENT SUMMARY
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Pass-Through Interest Original Beginning Principal Interest Total Ending
Class CUSIP Rate Type Balance Balance Paid Paid Paid Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 617059GD6 7.3250000% Fixed 171,500,000.00 170,134,517.22 620,199.07 1,038,529.45 1,658,728.52 169,514,318.15
A2 617059GE4 7.4000000% Fixed 357,019,000.00 357,019,000.00 0.00 2,201,617.17 2,201,617.17 357,019,000.00
B 617059GG9 7.6732897% Fixed 36,575,000.00 36,575,000.00 0.00 233,875.47 233,875.47 36,575,000.00
C 617059GH7 7.6732897% Variable 32,918,000.00 32,918,000.00 0.00 210,491.12 210,491.12 32,918,000.00
D 617059GJ3 7.6732897% Variable 14,630,000.00 14,630,000.00 0.00 93,550.19 93,550.19 14,630,000.00
E 617059GK0 7.6732897% Variable 25,603,000.00 25,603,000.00 0.00 163,716.03 163,716.03 25,603,000.00
F 617059GN4 7.6732897% Fixed 10,972,000.00 10,972,000.00 0.00 70,159.45 70,159.45 10,972,000.00
G 617059GP9 6.0000000% Fixed 16,459,000.00 16,459,000.00 0.00 82,295.00 82,295.00 16,459,000.00
H 617059GQ7 6.0000000% Fixed 20,116,000.00 20,116,000.00 0.00 100,580.00 100,580.00 20,116,000.00
J 617059GR5 6.0000000% Fixed 23,774,000.00 23,774,000.00 0.00 118,870.00 118,870.00 23,774,000.00
K 617059GW4 6.0000000% Fixed 7,315,000.00 7,315,000.00 0.00 36,575.00 36,575.00 7,315,000.00
NR 617059GS3 6.0000000% Fixed 14,635,500.00 14,635,500.00 0.00 73,177.50 73,177.50 14,635,500.00
X* 617059GF1 0.4033913% Variable 731,516,500.00 730,151,017.22 0.00 245,447.15 245,447.15 729,530,818.15
R-I 617059GT1 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-II 617059GU8 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-III 617059GV6 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
* Based on a Notional Balance TOTALS: 731,516,500.00 730,151,017.22 620,199.07 4,668,883.53 5,289,082.60 729,530,818.15
-------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
DISTRIBUTIONS PER CERTIFICATE
-------------------------------------------------------------------------
Beginning Ending
Class Certificate Principal Interest Certificate
Factor Distribution(1) Distribution(1) Factor
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.9920380013 3.6163211079 6.0555653061 0.9884216802
A-2 1.0000000000 0.0000000000 6.1666666760 1.0000000000
B 1.0000000000 0.0000000000 6.3944079289 1.0000000000
C 1.0000000000 0.0000000000 6.3944079227 1.0000000000
D 1.0000000000 0.0000000000 6.3944080656 1.0000000000
E 1.0000000000 0.0000000000 6.3944080772 1.0000000000
F 1.0000000000 0.0000000000 6.3944084943 1.0000000000
G 1.0000000000 0.0000000000 5.0000000000 1.0000000000
H 1.0000000000 0.0000000000 5.0000000000 1.0000000000
J 1.0000000000 0.0000000000 5.0000000000 1.0000000000
K 1.0000000000 0.0000000000 5.0000000000 1.0000000000
NR 1.0000000000 0.0000000000 5.0000000000 1.0000000000
X 0.9981333534 0.0000000000 0.3355319395 0.9972855269
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>
(1) represents net payment per certificate
This report has been prepared by, or is based on information furnished to State
Street Bank and Trust Company ("State Street") by, one or more third parties
(e.g. Servicers, Master Servicer, etc.), and State Street has not independently
verified information received from or prepared by any such third party. State
Street shall not and does not undertake responsibility for the accuracy,
completeness, or sufficiency of this report or the information contained herein
for any purpose, and State Street makes no representations or warranties with
respect thereto. The information in this report is presented here with the
approval of the Issuer soley as a convience for the user, and should not be
reiled upon withour further investigation by any user contemplating an
investment decision with repsect to the related securities.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
TRUSTEE'S REPORT TO CERTIFICATEHOLDERS PAYMENT DATE: NOVEMBER 15, 1999
RECORD DATE: OCTOBER 31, 1999
PRINCIPAL DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Other Total
Principal/ Principal Realized Appraisal Cumulative Cumulative
Beginning Scheduled Unscheduled Cash Distribution Losses/ Reduction Ending Realized Appraisal
Class Balance Principal Principal Adjustments Amount Balance Adj. Amount Balance Losses Red.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 170,134,517.22 620,199.07 0.00 0.00 620,199.07 0.00 0.00 169,514,318.15 0.00 0.00
A-2 357,019,000.00 0.00 0.00 0.00 0.00 0.00 0.00 357,019,000.00 0.00 0.00
B 36,575,000.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575,000.00 0.00 0.00
C 32,918,000.00 0.00 0.00 0.00 0.00 0.00 0.00 32,918,000.00 0.00 0.00
D 14,630,000.00 0.00 0.00 0.00 0.00 0.00 0.00 14,630,000.00 0.00 0.00
E 25,603,000.00 0.00 0.00 0.00 0.00 0.00 0.00 25,603,000.00 0.00 0.00
F 10,972,000.00 0.00 0.00 0.00 0.00 0.00 0.00 10,972,000.00 0.00 0.00
G 16,459,000.00 0.00 0.00 0.00 0.00 0.00 0.00 16,459,000.00 0.00 0.00
H 20,116,000.00 0.00 0.00 0.00 0.00 0.00 0.00 20,116,000.00 0.00 0.00
J 23,774,000.00 0.00 0.00 0.00 0.00 0.00 0.00 23,774,000.00 0.00 0.00
K 7,315,000.00 0.00 0.00 0.00 0.00 0.00 0.00 7,315,000.00 0.00 0.00
NR 14,635,500.00 0.00 0.00 0.00 0.00 0.00 0.00 14,635,500.00 0.00 0.00
X* 730,151,017.22 0.00 0.00 0.00 0.00 0.00 0.00 729,530,818.15 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: 730,151,017.22 620,199.07 0.00 0.00 620,199.07 0.00 0.00 729,530,818.15 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Payments Interest Total Cumulative
Accrued Beginning Prepayment Current Yield to on Interest Unpaid
Certificate Unpaid Int. Interest Main. Prepayment Interest Unpaid Distr. Interest
Class Interest Interest Shortfall Shortfalls Charge Premiums Shortfall Interest Amount Shortfall
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,038,529.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,038,529.45 0.00
A-2 2,201,617.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,201,617.17 0.00
B 233,875.47 0.00 0.00 0.00 0.00 0.00 0.00 0.00 233,875.47 0.00
C 210,491.12 0.00 0.00 0.00 0.00 0.00 0.00 0.00 210,491.12 0.00
D 93,550.19 0.00 0.00 0.00 0.00 0.00 0.00 0.00 93,550.19 0.00
E 163,716.03 0.00 0.00 0.00 0.00 0.00 0.00 0.00 163,716.03 0.00
F 70,159.45 0.00 0.00 0.00 0.00 0.00 0.00 0.00 70,159.45 0.00
G 82,295.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 82,295.00 0.00
H 100,580.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100,580.00 0.00
J 118,870.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 118,870.00 0.00
K 36,575.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575.00 0.00
NR 73,177.50 0.00 0.00 0.00 0.00 0.00 0.00 0.00 73,177.50 0.00
X* 245,447.15 0.00 0.00 0.00 0.00 0.00 0.00 0.00 245,447.15 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: 4,668,883.53 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,668,883.53 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: NOVEMBER 15, 1999
RECORD DATE: OCTOBER 31, 1999
ADDITIONAL REPORTING INFORMATION
MORTGAGE LOAN ACTIVITY FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
# of Mortgage Weighted Average Beginning Agg Stated Ending Agg Stated Ending Actual Unpaid Available
Loans Note Mortgage Rate Principal Balance Principal Balance Principal Balance Distribution Amt
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
128 7.77153% 730,151,017.45 729,530,818.38 729,530,818.38 5,291,212.22
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------
</TABLE>
P&I ADVANCE & FEE INFORMATION:
<TABLE>
- ---------------------------------------------
<S> <C>
Advances:
- - Outstanding P&I 732,914.75
- - Servicing 0.00
- - Nonrecoverable P&I 0.00
Interest on:
- - P&I Advances 0.00
- - Servicing Advances 0.00
Servicing Compensation:
- - to Master Servicer 42,592.14
- - to Special Servicer 0.00
- ---------------------------------------------
</TABLE>
APPRAISAL REDUCTION INFORMATION:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Advance on Loan
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------
</TABLE>
AGGREGATE DELINQUENCY INFORMATION FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
One Month Two Months 3 Months + Foreclosures Sp. Serviced Class Maturity Date @o%CPR
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
# of Loans 0 0 0 0 0 A-1 April 2008
- -----------------------------------------------------------------------------------------
Agg Prin Balance 0.00 0.00 0.00 0.00 0 A-2 April 2009
- ----------------------------------------------------------------------------------------- B April 2009
C April 2009
D April 2009
E April 2009
F NR
G NR
H NR
J NR
K NR
NR NR
------------------------------------
</TABLE>
REO PROPERTY WITH FINAL RECOVERY DETERMINATION:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Mortgage Basis for Final All Proceeds Portion Proceeds Amount of
Loan # Recovery Determination Received to Certificates Realized Loss
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan # Nature of Liquidation Event Liquidation Proceeds 0 0
- ------------------------------------------------------------------------------------------------------
N/A N/A N/A 0 0
- ------------------------------------------------------------------------------------------------------
</TABLE>
SUBORDINATION LEVELS
<TABLE>
<CAPTION>
- ----------------------------------------
Class Current Original
- ----------------------------------------
<S> <C> <C>
Seniors 27.83% 27.75%
B 22.81% 22.75%
C 18.30% 18.25%
D 16.29% 16.25%
E 12.79% 12.75%
F 11.28% 11.25%
G 9.03% 9.00%
H 6.27% 6.25%
J 3.01% 3.00%
K 2.01% 2.00%
NR 0.00% 0.00%
- ----------------------------------------
</TABLE>
SPEED HISTORY
<TABLE>
<CAPTION>
- ---------------------------
CPR *
%
- ---------------------------
<S> <C>
1 MONTH 0.00%
3 MONTH 0.00%
6 MONTH 0.00%
12 MONTH 0.00%
LIFE 0.00%
- ---------------------------
</TABLE>
* Principal received within 1 month of maturity is not
considered prepayment in the calculation of CPR.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: NOVEMBER 15, 1999
RECORD DATE: OCTOBER 31, 1999
HISTORICAL INFORMATION ROLLING 24 MONTHS (FROM 5/99)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
One Month Del. Two Months Del. Three Plus Del. Pre-Payments Mod./REO/Workouts Liquidations
Date Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
11/15/1999 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10/15/1999 1 6,126,710.59 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
9/15/1999 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ORIGINAL/CURRENT RATINGS
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Original Current Original Current Original Current Original Current
Class DCR DCR Fitch Fitch Moody's Moodys S&P S&P
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 AAA AAA Aaa Aaa AAA AAA
A-2 AAA AAA Aaa Aaa AAA AAA
B AA AA Aa2 Aa2 AA AA
C A A A2 A2 A A
D A- A- A3 A3 A- A-
E BBB BBB Baa2 Baa2 BBB BBB
F BBB- BBB- Baa3 Baa3 BBB- BBB-
G BB+ BB+ Ba1 Ba1 NR NR
H BB BB Ba2 Ba2 NR NR
J B B B2 B2 NR NR
K B- B- B3 B3 NR NR
NR UNR UNR UNR UNR UNR UNR
X AAA AAA Aaa Aaa AAAR AAAR
R-I
R-II
R-III
- --------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO} COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302 PAYMENT DATE: DECEMBER 15, 1999
TRUSTREE'S REPORT TO CERTIFICATEHOLDERS RECORD DATE: NOVEMBER 30, 1999
PAYMENT SUMMARY
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Pass-Through Interest Original Beginning Principal Interest Total Ending
Class CUSIP Rate Type Balance Balance Paid Paid Paid Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 617059GD6 7.3250000% Fixed 171,500,000.00 169,514,318.15 761,391.52 1,034,743.65 1,796,135.17 168,752,926.63
A2 617059GE4 7.4000000% Fixed 357,019,000.00 357,019,000.00 0.00 2,201,617.17 2,201,617.17 357,019,000.00
B 617059GG9 7.4470318% Fixed 36,575,000.00 36,575,000.00 0.00 226,979.32 226,979.32 36,575,000.00
C 617059GH7 7.4470318% Variable 32,918,000.00 32,918,000.00 0.00 204,284.49 204,284.49 32,918,000.00
D 617059GJ3 7.4470318% Variable 14,630,000.00 14,630,000.00 0.00 90,791.73 90,791.73 14,630,000.00
E 617059GK0 7.4470318% Variable 25,603,000.00 25,603,000.00 0.00 158,888.63 158,888.63 25,603,000.00
F 617059GN4 7.4470318% Fixed 10,972,000.00 10,972,000.00 0.00 68,090.69 68,090.69 10,972,000.00
G 617059GP9 6.0000000% Fixed 16,459,000.00 16,459,000.00 0.00 82,295.00 82,295.00 16,459,000.00
H 617059GQ7 6.0000000% Fixed 20,116,000.00 20,116,000.00 0.00 100,580.00 100,580.00 20,116,000.00
J 617059GR5 6.0000000% Fixed 23,774,000.00 23,774,000.00 0.00 118,870.00 118,870.00 23,774,000.00
K 617059GW4 6.0000000% Fixed 7,315,000.00 7,315,000.00 0.00 36,575.00 36,575.00 7,315,000.00
NR 617059GS3 6.0000000% Fixed 14,635,500.00 14,635,500.00 0.00 72,703.02 72,703.02 14,635,500.00
X* 617059GF1 0.2146138% Variable 731,516,500.00 729,530,818.15 0.00 130,472.80 130,472.80 728,769,426.63
R-I 617059GT1 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-II 617059GU8 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
R-III 617059GV6 0.0000000% Residual 0.00 0.00 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------------------------------------
* Based on a Notional Balance TOTALS: 731,516,500.00 729,530,818.15 761,391.52 4,526,891.50 5,288,283.02 728,769,426.63
--------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
DISTRIBUTIONS PER CERTIFICATE
-------------------------------------------------------------------------
Beginning Ending
Class Certificate Principal Interest Certificate
Factor Distribution(1) Distribution(1) Factor
-------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.9884216802 4.4396006997 6.0334906706 0.9839820795
A-2 1.0000000000 0.0000000000 6.1666666760 1.0000000000
B 1.0000000000 0.0000000000 6.2058597403 1.0000000000
C 1.0000000000 0.0000000000 6.2058597120 1.0000000000
D 1.0000000000 0.0000000000 6.2058598770 1.0000000000
E 1.0000000000 0.0000000000 6.2058598602 1.0000000000
F 1.0000000000 0.0000000000 6.2058594604 1.0000000000
G 1.0000000000 0.0000000000 5.0000000000 1.0000000000
H 1.0000000000 0.0000000000 5.0000000000 1.0000000000
J 1.0000000000 0.0000000000 5.0000000000 1.0000000000
K 1.0000000000 0.0000000000 5.0000000000 1.0000000000
NR 1.0000000000 0.0000000000 4.9675801988 1.0000000000
X 0.9972855269 0.0000000000 0.1783593398 0.9962446871
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>
(1) represents net payment per certificate
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
TRUSTEE'S REPORT TO CERTIFICATEHOLDERS PAYMENT DATE: DECEMBER 15, 1999
RECORD DATE: NOVEMBER 30, 1999
PRINCIPAL DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Other Total
Principal/ Principal Realized Appraisal Cumulative Cumulative
Beginning Scheduled Unscheduled Cash Distribution Losses/ Reduction Ending Realized Appraisal
Class Balance Principal Principal Adjustments Amount Balance Adj. Amount Balance Losses Red.
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 169,514,318.15 761,391.52 0.00 0.00 761,391.52 0.00 0.00 168,752,926.63 0.00 0.00
A-2 357,019,000.00 0.00 0.00 0.00 0.00 0.00 0.00 357,019,000.00 0.00 0.00
B 36,575,000.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575,000.00 0.00 0.00
C 32,918,000.00 0.00 0.00 0.00 0.00 0.00 0.00 32,918,000.00 0.00 0.00
D 14,630,000.00 0.00 0.00 0.00 0.00 0.00 0.00 14,630,000.00 0.00 0.00
E 25,603,000.00 0.00 0.00 0.00 0.00 0.00 0.00 25,603,000.00 0.00 0.00
F 10,972,000.00 0.00 0.00 0.00 0.00 0.00 0.00 10,972,000.00 0.00 0.00
G 16,459,000.00 0.00 0.00 0.00 0.00 0.00 0.00 16,459,000.00 0.00 0.00
H 20,116,000.00 0.00 0.00 0.00 0.00 0.00 0.00 20,116,000.00 0.00 0.00
J 23,774,000.00 0.00 0.00 0.00 0.00 0.00 0.00 23,774,000.00 0.00 0.00
K 7,315,000.00 0.00 0.00 0.00 0.00 0.00 0.00 7,315,000.00 0.00 0.00
NR 14,635,500.00 0.00 0.00 0.00 0.00 0.00 0.00 14,635,500.00 0.00 0.00
X* 729,530,818.15 0.00 0.00 0.00 0.00 0.00 0.00 728,769,426.63 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: 729,530,818.15 761,391.52 0.00 0.00 761,391.52 0.00 0.00 728,769,426.63 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
INTEREST DETAIL
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Payments Interest Total Cumulative
Accrued Beginning Prepayment Current Yield to on Interest Unpaid
Certificate Unpaid Int. Interest Main. Prepayment Interest Unpaid Distr. Interest
Class Interest Interest Shortfall Shortfalls Charge Premiums Shortfall Interest Amount Shortfall
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 1,034,743.65 0.00 0.00 0.00 0.00 0.00 0.00 0.00 1,034,743.65 0.00
A-2 2,201,617.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 2,201,617.17 0.00
B 226,979.32 0.00 0.00 0.00 0.00 0.00 0.00 0.00 226,979.32 0.00
C 204,284.49 0.00 0.00 0.00 0.00 0.00 0.00 0.00 204,284.49 0.00
D 90,791.73 0.00 0.00 0.00 0.00 0.00 0.00 0.00 90,791.73 0.00
E 158,888.63 0.00 0.00 0.00 0.00 0.00 0.00 0.00 158,888.63 0.00
F 68,090.69 0.00 0.00 0.00 0.00 0.00 0.00 0.00 68,090.69 0.00
G 82,295.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 82,295.00 0.00
H 100,580.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 100,580.00 0.00
J 118,870.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 118,870.00 0.00
K 36,575.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 36,575.00 0.00
NR 73,177.50 0.00 0.00 474.48 0.00 0.00 0.00 0.00 72,703.02 474.48
X* 130,472.80 0.00 0.00 0.00 0.00 0.00 0.00 0.00 130,472.80 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: 4,527,365.98 0.00 0.00 474.48 0.00 0.00 0.00 0.00 4,526,891.50 474.48
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1999-C8
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: DECEMBER 15, 1999
RECORD DATE: NOVEMBER 30, 1999
ADDITIONAL REPORTING INFORMATION
MORTGAGE LOAN ACTIVITY FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------
# of Mortgage Weighted Average Beginning Agg Stated Ending Agg Stated Ending Actual Unpaid
Loans Note Mortgage Rate Principal Balance Principal Balance Principal Balance
- -----------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
128 7.54238% 729,530,818.38 728,769,426.86 728,769,426.86
- -----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------
Current Current Additional Principal
Realized Losses Trust Fund Exp # of Payoffs Prepayments
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------
</TABLE>
P&I ADVANCE & FEE INFORMATION:
<TABLE>
- ---------------------------------------------
<S> <C>
Advances:
- - Outstanding P&I 948,114.10
- - Servicing 0.00
- - Nonrecoverable P&I 0.00
Interest on:
- - P&I Advances 0.00
- - Servicing Advances 0.00
Servicing Compensation:
- - to Master Servicer 42,555.96
- - to Special Servicer 0.00
- ---------------------------------------------
</TABLE>
APPRAISAL REDUCTION INFORMATION:
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------
Loan # SPB of Apr Red Loan All Unpd Int & Fees Appraised Value P&I Advance on Loan
- -----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
N/A 0.00 0.00 0.00 0.00
- -----------------------------------------------------------------------------------------------------
</TABLE>
AGGREGATE DELINQUENCY INFORMATION FOR RELATED PAYMENT DATE:
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------
One Month Two Months 3 Months + Foreclosures Class Maturity Date @o%CPR
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
# of Loans 1 0 0 0 A-1 April 2008
- ---------------------------------------------------------------------------
Agg Prin Balance 6,102,803.00 0.00 0.00 0.00 A-2 April 2009
- --------------------------------------------------------------------------- B April 2009
C April 2009
D April 2009
E April 2009
F NR
G NR
H NR
J NR
K NR
NR NR
------------------------------------
</TABLE>
REO PROPERTY WITH FINAL RECOVERY DETERMINATION:
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------
Mortgage Basis for Final All Proceeds Portion Proceeds Amount of
Loan # Recovery Determination Received to Certificates Realized Loss
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
Loan # Nature of Liquidation Event Liquidation Proceeds 0 0
- ------------------------------------------------------------------------------------------------------
N/A N/A N/A 0 0
- ------------------------------------------------------------------------------------------------------
</TABLE>
SUBORDINATION LEVELS
<TABLE>
<CAPTION>
- ----------------------------------------
Class Current Original
- ----------------------------------------
<S> <C> <C>
Seniors 27.85% 27.75%
B 22.84% 22.75%
C 18.32% 18.25%
D 16.31% 16.25%
E 12.80% 12.75%
F 11.29% 11.25%
G 9.03% 9.00%
H 6.27% 6.25%
J 3.01% 3.00%
K 2.01% 2.00%
NR 0.00% 0.00%
- ----------------------------------------
</TABLE>
PREPAYMENT
SPEED HISTORY
<TABLE>
<CAPTION>
- ---------------------------
CPR *
%
- ---------------------------
<S> <C>
1 MONTH 0.00%
3 MONTH 0.00%
6 MONTH 0.00%
12 MONTH 0.00%
LIFE 0.00%
- ---------------------------
</TABLE>
* Principal received within 1 month of maturity is not
considered prepayment in the calculation of CPR.
<PAGE>
J.P. MORGAN COMMERCIAL MORTGAGE FINANCE CORP.
[LOGO] COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
B302
REPORT TO CERTIFICATEHOLDERS: PAYMENT DATE: DECEMBER 15, 1999
RECORD DATE: NOVEMBER 30, 1999
HISTORICAL INFORMATION ROLLING 24 MONTHS (FROM 5/99)
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
One Month Del. Two Months Del. Three Plus Del. Pre-Payments Mod./REO/Workouts Liquidations
Date Count Balance Count Balance Count Balance Count Balance Count Balance Count Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C> <C>
12/15/1999 1 6,102,803.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
11/15/1999 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
10/15/1999 1 6,126,710.59 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
9/15/1999 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00 0 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
ORIGINAL/CURRENT RATINGS
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------
Original Current Original Current Original Current Original Current
Class DCR DCR Fitch Fitch Moody's Moodys S&P S&P
- --------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 AAA AAA Aaa Aaa AAA AAA
A-2 AAA AAA Aaa Aaa AAA AAA
B AA AA Aa2 Aa2 AA AA
C A A A2 A2 A A
D A- A- A3 A3 A- A-
E BBB BBB Baa2 Baa2 BBB BBB
F BBB- BBB- Baa3 Baa3 BBB- BBB-
G BB+ BB+ Ba1 Ba1 NR NR
H BB BB Ba2 Ba2 NR NR
J B B B2 B2 NR NR
K B- B- B3 B3 NR NR
NR UNR UNR UNR UNR UNR UNR
X AAA AAA Aaa Aaa AAAR AAAR
R-I
R-II
R-III
- --------------------------------------------------------------------------------------
</TABLE>
