JPMorgan Chase Bank Files Form 8-K: Details on General Motors Building Mortgage Loan Transition

Strategic Insights -

The J.P. Morgan Chase Commercial Mortgage Securities Corp. has filed a Current Report on Form 8-K with the Securities and Exchange Commission (SEC) on July 15, 2022. The report pertains to the General Motors Building Mortgage Loan, which comprises approximately 4.1% of the asset pool of the issuing entity as of its cut-off date. Pursuant to the BXP 2017-GM Trust and Servicing Agreement, Argentic Services Company LP has been removed as special servicer of the loan, and Green Loan Services LLC has been appointed as the successor special servicer.

Key Takeaways:

  • The General Motors Building Mortgage Loan, accounting for 4.1% of the asset pool, is an asset of the issuing entity and part of a loan combination serviced under the BXP 2017-GM Trust and Servicing Agreement.
  • Argentic Services Company LP was removed as special servicer of the loan, and Green Loan Services LLC was appointed as the successor special servicer.
  • The loan transition was effective as of July 15, 2022, and will be specially serviced, if necessary, by Green Loan Services LLC as per the BXP 2017-GM Trust and Servicing Agreement.
  • Green Loan Services LLC maintains its principal special servicing office at 1 Vanderbilt Avenue, New York, NY 10017, with a telephone number of (212) 594-2700.

Statistics:

  • The General Motors Building Mortgage Loan constitutes 4.1% of the asset pool of the issuing entity.
  • The loan was transitioned from Argentic Services Company LP to Green Loan Services LLC on July 15, 2022.
  • The BXP 2017-GM Trust and Servicing Agreement governs the loan combination.

Sources:

  • Relation to: JPMDB Commercial Mortgage Securities Trust 2017-C7 (Exact name of issuing entity)
  • Central Index Key Number of the issuing entity: 0001716186
  • Relation to: J.P. Morgan Chase Commercial Mortgage Securities Corp. (Exact name of registrant as specified in its charter) Central Index Key Number of the registrant: 0001013611
  • Relation to: JPMorgan Chase Bank, National Association (Exact name of sponsor as specified in its charter) Central Index Key Number of the sponsor: 0000835271
  • Relation to: German American Capital Corporation (Exact name of sponsor as specified in its charter) Central Index Key Number of the sponsor: 0001541294
  • Relation to: UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington D.C. 20549