111 multi- and single-tenanted retail properties, an office property and an industrial property totaling approximately 8.5 million square feet located across 27 states and 85 distinct markets
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 a “third-party purchaser” of an “eligible horizontal residual interest,” which will be comprised of the Class HRR Certificates. The estimated fair value of the Class HRR Certificates will be equal to at least 5% of the estimated fair value of all of the Classes of Certificates issued by the Trust