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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D. C. 20549
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FORM 8-K
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CURRENT REPORT
Pursuant to Section 13 or 15 (d) of the
Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) July 15, 1997
MATZEL & MUMFORD MORTGAGE FUNDING, INC.
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(Exact name of registrant as specified in its charter)
NEW JERSEY 33-98178 22-3382016
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(State or other jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
100 VILLAGE COURT, HAZLET, NEW JERSEY 07730
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(Address of principal executive offices) (Zip Code)
(908) 888-1055
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(Registrant's telephone number, including area code)
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Item 5. Other Events
Matzel & Mumford at Apple Ridge II, L.L.C.
On July 15, 1997, Matzel & Mumford Mortgage Funding, Inc. (the "Funding
Company") made a first mortgage loan to Matzel & Mumford at Apple Ridge II,
L.L.C. ("White Oak") , the entity organized to develop, market and build a 17
lot subdivision known as Apple Ridge II located on Church Road in Wall, Monmouth
County, New Jersey. Apple Ridge is conveniently located in the Route 34 and 35
corridor near major thoroughfares, and is in commuting distance from corporate
office centers such as Waterford/Wedgewood and The Asbury Park Press.
The Funding Company has issued a loan commitment to Apple Ridge II in an amount
of $1,000,000 for a first mortgage on seventeen building lots for acquisition
and project overhead financing. On July 15th, the Funding Company advanced Apple
Ridge II $650,960 which was used to close on the land. The remaining funds will
be used for project overhead as costs are incurred. Repayment of the loan from
Appple Ridge II to the Funding Company will come from proceeds when the land is
sold to a third party purchaser.
Item 7(c). Exhibits.
4(a) Indenture (including form of Notes), dated as of January 25, 1996,
between Matzel & Mumford Funding, Inc. (the "Funding Company") and
First Union National Bank, as Trustee (incorporated by reference to
Exhibit 4(a) of Registration Statement on Form SB-2 of the Funding
Company (registration No. 33-98178)
4(b) Resolutions of the Board of Directors of the Funding Company
respecting terms of Intermediate Term Secured Notes (incorporated by
reference to Exhibit 4(b) of Quarterly Report on Form 10-QSB for the
quarter ended March 31, 1996 of the Funding Company.
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this Current Report on Form 8-K to be signed on its
behalf by the undersigned hereunto duly authorized.
MATZEL & MUMFORD MORTGAGE
FUNDING, INC.
Dated: July 31, 1997 By: /s/ ROGER MUMFORD
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Roger Mumford
President
