The Mortgage Loan is secured by the fee interest in a Class A LEED Gold Certified trophy office complex totaling 1,818,901 square feet comprised of three office buildings located in San Francisco’s Financial District
Risk Retention
JPMCB is expected to act as the “retaining sponsor” for this securitization and intends to satisfy the U.S. credit risk retention requirement through the purchase by PCSD PR Cap IV NR Reten Private Limited, a Singapore private limited company as a “third-party purchaser” from the Depositor, on the Closing Date, of an “eligible horizontal residual interest”, which will be comprised of the Class HRR Certificates. The aggregate estimated fair value of the Class HRR Certificates will be at least equal to 5% of the fair value of all of the Certificates issued by the Trust