{"url_path":"/sec/cik-0002134864/8-k/2026-06-10/item-8-01","section_key":"item-8-01","section_title":"Item 8.01 Other Events.","topic":"sec","document":{"doc_type":"8-K","doc_date":"2026-06-10","source_url":"https://www.sec.gov/Archives/edgar/data/2134864/0001539497-26-001709-index.html","accession_number":"0001539497-26-001709","cik":"0002134864","ticker":null,"issuer_name":"JPMF1 Multifamily Mortgage Trust 2026-FX1","edgar_url":"https://www.sec.gov/Archives/edgar/data/2134864/0001539497-26-001709-index.html","primary_entity_key":"0002134864","primary_entity_name":"JPMF1 Multifamily Mortgage Trust 2026-FX1"},"word_count":1080,"has_tables":true,"body_markdown":"Item 8.01.\nOther Events.\n\nOn\nJune 10, 2026, J.P. Morgan Chase Commercial Mortgage Securities Corp. (the “Registrant”) caused, pursuant to a pooling\nand servicing agreement, dated as of June 1, 2026 (the “Pooling and Servicing Agreement”), among the Registrant, as\ndepositor, Midland Loan Services, a Division of PNC Bank, National Association, as master servicer, MF1 Loan Services LLC, as special\nservicer, Computershare Trust Company, National Association, as certificate administrator and as trustee, and Pentalpha Surveillance LLC,\nas operating advisor and as asset representations reviewer, the issuance of the JPMF1 Multifamily Mortgage Trust 2026-FX1, Commercial\nMortgage Pass-Through Certificates, Series 2026-FX1 (the “Certificates”). The\nCertificates will consist of the following classes (each, a “Class”), designated as (i) Class A-2, Class A-2-1, Class\nA-2-2, Class A-2-X1, Class A-2-X2, Class A-3, Class A-3-1, Class A-3-2, Class A-3-X1, Class A-3-X2, Class X-A, A-S, Class A-S-1, Class\nA-S-2, Class A-S-X1, Class A-S-X2, Class B, Class B-1, Class B-2, Class B-X1, Class B-X2, Class C, Class C-1, Class C-2, Class C-X1 and\nClass C-X2 Certificates (collectively, the “Public Certificates”) and (ii) Class X-D, Class X-F, Class X-S, Class D,\nClass E, Class F, Class G-RR, Class H-RR, Class J-RR and Class R Certificates (the “Private Certificates”).\n\nThe Public Certificates were\nsold to J.P. Morgan Securities LLC (“JPMS”), ATLAS SP Securities, a division of Apollo Global Securities, LLC (“ATLAS\nSP”), Goldman Sachs & Co. LLC (“Goldman Sachs”) and Santander US Capital Markets LLC (“Santander”\nand, together in such capacity with JPMS, ATLAS SP and Goldman Sachs, the “Underwriters”), pursuant to an Underwriting\nAgreement, dated as of May 26, 2026, among the Registrant, MF1 REIT III FR TRS LLC (“MF1”), Berkshire Bridge Loan Investors-MF1\nIII, L.P. (“Berkshire III”) and Berkshire Bridge Loan Investors-MF1 III-A, L.P. (together with Berkshire III, the “Guarantors”)\nand the Underwriters.\n\nThe Private Certificates (other\nthan the Class G-RR, Class H-RR and Class J-RR Certificates (the “Risk Retention Certificates”)) were sold to JPMS,\nATLAS SP, Goldman Sachs and Santander (collectively in such capacity, the “Initial Purchasers”), pursuant to a Certificate\nPurchase Agreement, dated as of May 26, 2026, among the Registrant, MF1, the Guarantors and the Initial Purchasers. The Private Certificates\nwill be sold in a transaction exempt from registration under the Securities Act of 1933, as amended, pursuant to Section 4(a)(2) of the\nAct.\n\nThe\nRisk Retention Certificates were sold by the Depositor to MF1 REIT III FR Retention Holder LLC, a “majority-owned affiliate”\n(as defined in the Risk Retention Rule) of MF1, pursuant to the Mortgage Loan Purchase Agreement, dated and effective as of May 26, 2026,\namong the Depositor, MF1 and the Guarantors.\n\nThe Certificates represent,\nin the aggregate, the entire beneficial ownership in the JPMF1 Multifamily Mortgage Trust 2026-FX1 (the “Issuing Entity”),\na common law trust fund formed on June 10, 2026 under the laws of the State of New York pursuant to the Pooling and Servicing Agreement.\nThe assets of the Issuing Entity consist primarily of 17 multifamily mortgage loans (the “Mortgage Loans”). The net\nproceeds of the sale of the Certificates were applied to the purchase of the Mortgage Loans by the Registrant from MF1.\n\nOn June 10, 2026, the Registrant\nsold all of the Public Certificates, having an aggregate certificate principal amount of $648,862,000. The net proceeds of the offering\nto the Registrant of the issuance of the Certificates, after deducting expenses payable by the Registrant of $6,367,170, were approximately\n$656,510,249. Of the expenses paid by the Registrant, approximately $2,536,739 were paid directly to affiliates of the Registrant, $66,281\nin the form of fees were paid to the Underwriters, $751,187 were paid\n\nto or for the Underwriters and\n$3,012,963 were other expenses. All of the foregoing expense amounts are the Depositor’s reasonable estimates of such expenses.\n\nFurther information regarding\nsuch sales has been previously provided on the Registrant’s Current Report on Form 8-K, as filed with the Securities and Exchange\nCommission (Filing Date: May 28, 2026) and in the Prospectus, dated May 26, 2026 and as filed with the Securities and Exchange Commission\non May 28, 2026. The related registration statement (file no. 333-280318) was originally declared effective on September 9, 2024.\n\nIn connection with the issuance\nand sale to the Underwriters of the Public Certificates, a legal opinion was rendered related to the validity of, and certain federal\nincome tax considerations relating to, the Public Certificates, which legal opinion is attached as an exhibit to this report.\n\nCredit Risk Retention\n\nMF1 REIT III FR TRS LLC, in\nits capacity as “retaining sponsor” (in such capacity, the “Retaining Sponsor”), is satisfying its credit\nrisk retention obligation under Regulation RR, 12 C.F.R. Part 43 (the “Risk Retention Rule”) in connection with\nthe securitization of the Mortgage Loans referred to above by the purchase on the Closing Date and holding by MF1 REIT III FR Retention\nHolder LLC, the Retaining Sponsor’s “majority-owned affiliate” (as defined in the Risk Retention Rule), of the Risk\nRetention Certificates.\n\nThe Risk Retention Certificates\nconstitute an “eligible horizontal residual interest” (as defined in the Risk Retention Rule). The aggregate fair value of\nthe RR Certificates is equal to approximately $37,379,615 (excluding accrued interest), representing approximately 5.08% of the aggregate\nfair value of all of the Certificates (other than the Class R Certificates). The fair value of the Certificates (other than the Class\nR Certificates) was determined based on the actual sale prices and finalized tranche sizes of such Certificates.\n\nThe fair value of the “eligible\nhorizontal residual interest” (as defined in the Risk Retention Rule) that the Retaining Sponsor is required to retain under the\ncredit risk retention requirements of the Risk Retention Rule is equal to at least $36,763,206, representing approximately 5.00% of the\naggregate fair value of all of the Certificates (other than the Class R Certificates), excluding accrued interest.\n\nAs of the Closing Date, there\nare no material differences between (a) the valuation methodology or any of the key inputs and assumptions that were used in calculating\nthe fair value or range of fair values disclosed in the Depositor’s preliminary prospectus dated May 18, 2026 and as filed with\nthe Securities and Exchange Commission on May 18, 2026, as supplemented by the supplement to the preliminary prospectus dated May 21,\n2026 and as filed with the Securities and Exchange Commission on May 21, 2026, under the heading “*Credit Risk Retention*”\nprior to the pricing of the Certificates and (b) the valuation methodology or the key inputs and assumptions that were used in calculating\nthe fair value at the time of the Closing Date."}