SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities
Exchange Act of 1934
Date of Report (Date of earliest event reported) : May 24, 1996
NationsLink Funding Corporation, (as depositor under the Pooling and
Servicing Agreement, dated as of May 1, 1996 caused the issue of
NationsLink Funding Corporation Commercial Mortgage Pass-Through
Certificates, Series 1996-1
NationsLink Funding Corporation
(Exact name of registrant as specified in its charter)
Delaware 33-80625 56-1950039
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation or organization) Identification No.)
100 North Tryon Street,
Charlotte, North Carolina 28255
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (704) 386-5000
N/A
(Former name or former address, if changed since last report.)
Page 1 of 4 This report consists of 12
consecutively numbered pages.
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Item 5. Other Events.
- ------- -------------
On June 20, 1996, and July 20, 1996, distributions were made to the
Certificateholders. Specific information with respect to the
distributions is filed as Exhibits 99.1, and 99.2.
No other reportable transactions or matters have occurred during the
current reporting period.
Item 7. Financial Statements and Exhibits.
- ------- ----------------------------------
(c) The following exhibits are filed as part of this report:
Statement to Certificateholders on June 20, 1996 filed as
Exhibit 99.1 hereto.
Statement to Certificateholders on July 20, 1996 filed as
Exhibit 99.2 hereto.
2
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
NATIONSLINK FUNDING
CORPORATION COMMERCIAL
MORTGAGE PASS-THROUGH
CERTIFICATES SERIES 1996-1
Date: August 27, 1996 By: /s/ James E. Naumann
---------------------
James E. Naumann
Senior Vice President & CFO
3
<PAGE>
INDEX TO EXHIBITS
- -----------------
Exhibit
Number Description of Exhibits Page
------ -------------------------------------- ----
99.1 Monthly Certificateholder Statement on 5
June 20, 1996.
99.2 Monthly Certificateholder Statement on 9
July 20, 1996.
4
<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on June 20, 1996
5
<PAGE>
<TABLE>
DIST. DATE: 6/20/96
REC. DATE: 5/31/96
NationasLink Funding Corporation
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
<CAPTION>
CLAS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 63859CAA1 70,980,719.00 268,308.31 445,581.46 0.00 0.00 713,889.77 70,712,410.69
A-2 63859CAB9 96,791,890.00 0.00 606,159.21 0.00 0.00 606,159.21 96,791,890.00
A-3 63859CAC7 51,622,341.00 0.00 336,835.78 0.00 0.00 336,835.78 51,622,341.00
B 63859CAD5 16,131,981.00 0.00 103,379.11 0.00 0.00 103,379.11 16,131,981.00
C 63859CAE3 19,358,378.00 0.00 124,054.94 N/A 0.00 124,054.94 19,358,378.00
D 63589CAF0 17,745,179.00 0.00 113,717.02 N/A 0.00 113,717.02 17,745,179.00
E 63859CAG8 14,518,783.00 0.00 93,041.20 N/A 0.00 93,041.20 14,518,783.00
F 63859CAH6 10,485,788.00 0.00 64,225.45 N/A 0.00 64,225.45 10,485,788.00
G 63859CAJ2 5,646,193.00 0.00 34,582.93 N/A 0.00 34,582.93 5,646,193.00
H 63859CAK9 9,679,189.00 0.00 59,285.03 N/A 0.00 59,285.03 9,679,189.00
IO 63859CAM5 322,607,371.69 0.00 141,482.15 0.00 0.00 141,482.15 322,339,089.47
R 0.00 0.00 79.53 N/A 0.00 79.53 0.00
UR 63859CAL7 9,679,194.58 0.00 54,848.77 N/A 0.00 54,848.77 9,679,194.58
TOTAL: 322,639,635.58 268,308.31 2,177,272.58 0.00 0.00 2,445,580.89 322,371,327.27
6
<PAGE>
DIST. DATE: 6/20/96
REC. DATE: 5/31/96
1
NationasLink Funding Corporation Page 2
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
CLAS CUSIP ACCR INT APPR RED AMT UNPAID INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
A-1 63859CA 445,581.46 0.00 0.00 3.78001384 6.27749995 996.21998616 7.53300 7.53300
A-2 63859CA 606,159.21 0.00 0.00 0.00000000 6.26249999 1,000.00000000 7.51500 7.51500
A-3 63859CA 336,835.78 0.00 0.00 0.00000000 6.52500010 1,000.00000000 7.83000 7.83000
B 63859CA 103,379.11 0.00 0.00 0.00000000 6.40833324 1,000.00000000 7.69000 7.69000
C 63859CA 124,054.94 0.00 0.00 0.00000000 6.40833338 1,000.00000000 7.69000 7.69000
D 63589CA 113,717.02 0.00 0.00 0.00000000 6.40833322 1,000.00000000 7.69000 7.69000
E 63859CA 93,041.20 0.00 0.00 0.00000000 6.40833326 1,000.00000000 7.69000 7.69000
F 63859CA 64,225.45 0.00 0.00 0.00000000 6.12499986 1,000.00000000 7.35000 7.35000
G 63859CA 34,582.93 0.00 0.00 0.00000000 6.12499962 1,000.00000000 7.35000 7.35000
H 63859CA 59,285.03 0.00 0.00 0.00000000 6.12499973 1,000.00000000 7.35000 7.35000
UR 63859CA 54,848.77 0.00 0.00 0.00000000 5.66666674 1,000.00000000 6.80000 6.80000
R 0.00 0.00 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
IO 63859CA 141,482.15 0.00 0.00 0.00000000 0.43855833 999.16839401 0.52627 0.51278
TOTAL: 2,177,193.05 0.00 0.00
1
7
</TABLE>
<PAGE>
DIST. DATE: 6/20/96
REC. DATE: 5/31/96
NationasLink Funding Corporation Page 3
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
P & I Advances 92,744.43
Servicing Compensation 80,039.40
Beginning Balance(Mortgage Loans) 322,639,635.65
Ending Balance(Mortgage Loans) 322,371,326.60
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 94
Aggregate Mortgage Principal Balance 322,371,326.60
Weighted Average Remaining Term to Maturity 103.56
Weighted Average Mortgage Rate 8.38154%
# of Loans Delinquent(1 month) 0
Balance of Loans Delinquent(1 month) 0.00
# of Loans Delinquent(2 month) 0
Balance of Loans Delinquent(2 month) 0.00
# of Loans Delinquent(3 month) 0
Balance of Loans Delinquent(3 month) 0.00
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Appraisal Distribution Amount 2,445,849.36
Scheduled Principal Distribution Amount 268,308.10
Unscheduled Principal Distribution Amount 0.00
8
<PAGE>
Exhibit 99.2
Monthly Certificateholder Statement on July 20, 1996
9
<PAGE>
<TABLE>
RUN DATE:07/19/96 10:58:52
DIST. DATE: 7/20/96
REC. DATE: 6/30/96
NationasLink Funding Corporation Page 1
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
CLAS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 63859CAA1 70,712,410.69 273,867.60 443,897.16 0.00 0.00 717,764.76 70,438,543.09
A-2 63859CAB9 96,791,890.00 0.00 606,159.21 0.00 0.00 606,159.21 96,791,890.00
A-3 63859CAC7 51,622,341.00 0.00 336,835.78 0.00 0.00 336,835.78 51,622,341.00
B 63859CAD5 16,131,981.00 0.00 103,379.11 0.00 0.00 103,379.11 16,131,981.00
C 63859CAE3 19,358,378.00 0.00 124,054.94 N/A 0.00 124,054.94 19,358,378.00
D 63589CAF0 17,745,179.00 0.00 113,717.02 N/A 0.00 113,717.02 17,745,179.00
E 63859CAG8 14,518,783.00 0.00 93,041.20 N/A 0.00 93,041.20 14,518,783.00
F 63859CAH6 10,485,788.00 0.00 64,225.45 N/A 0.00 64,225.45 10,485,788.00
G 63859CAJ2 5,646,193.00 0.00 34,582.93 N/A 0.00 34,582.93 5,646,193.00
H 63859CAK9 9,679,189.00 0.00 59,285.03 N/A 0.00 59,285.03 9,679,189.00
IO 63859CAM5 322,339,089.84 0.00 137,736.22 0.00 0.00 137,736.22 322,065,249.62
R 0.00 0.00 0.00 N/A 0.00 0.00 0.00
UR 63859CAL7 9,679,194.58 0.00 54,848.77 N/A 0.00 54,848.77 9,679,194.58
TOTAL: 322,371,327.27 273,867.60 2,171,762.82 0.00 0.00 2,445,630.42 322,097,459.67
1
10
<PAGE>
DIST. DATE: 7/20/96
REC. DATE: 6/30/96
NationasLink Funding Corporation Page 2
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
CLAS CUSIP ACCR INT APPR RED AMT UNPAID INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
A-1 63859CA 443,897.16 0.00 0.00 3.85833792 6.25377097 992.36164528 7.53300 7.53300
A-2 63859CA 606,159.21 0.00 0.00 0.00000000 6.26249999 1,000.00000000 7.51500 7.51500
A-3 63859CA 336,835.78 0.00 0.00 0.00000000 6.52500010 1,000.00000000 7.83000 7.83000
B 63859CA 103,379.11 0.00 0.00 0.00000000 6.40833324 1,000.00000000 7.69000 7.69000
C 63859CA 124,054.94 0.00 0.00 0.00000000 6.40833338 1,000.00000000 7.69000 7.69000
D 63589CA 113,717.02 0.00 0.00 0.00000000 6.40833322 1,000.00000000 7.69000 7.69000
E 63859CA 93,041.20 0.00 0.00 0.00000000 6.40833326 1,000.00000000 7.69000 7.69000
F 63859CA 64,225.45 0.00 0.00 0.00000000 6.12499986 1,000.00000000 7.35000 7.35000
G 63859CA 34,582.93 0.00 0.00 0.00000000 6.12499962 1,000.00000000 7.35000 7.35000
H 63859CA 59,285.03 0.00 0.00 0.00000000 6.12499973 1,000.00000000 7.35000 7.35000
UR 63859CA 54,848.77 0.00 0.00 0.00000000 5.66666674 1,000.00000000 6.80000 6.80000
R 0.00 0.00 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
IO 63859CA 137,736.22 0.00 0.00 0.00000000 0.42694691 998.31956082 0.51276 0.52623
TOTAL: 2,171,762.82 0.00 0.00
11
</TABLE>
<PAGE>
DIST. DATE: 7/20/96
REC. DATE: 6/30/96
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
P & I Advances 312,247.99
Servicing Compensation 79,976.34
Beginning Balance(Mortgage Loans) 322,371,326.97
Ending Balance(Mortgage Loans) 322,097,459.37
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 94
Aggregate Mortgage Principal Balance 322,097,459.37
Weighted Average Remaining Term to Maturity 102.56
Weighted Average Mortgage Rate 8.38297%
# of Loans Delinquent(1 month) 0
Balance of Loans Delinquent(1 month) 0.00
# of Loans Delinquent(2 month) 0
Balance of Loans Delinquent(2 month) 0.00
# of Loans Delinquent(3 month) 0
Balance of Loans Delinquent(3 month) 0.00
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Appraisal Distribution Amount 2,445,912.81
Scheduled Principal Distribution Amount 273,867.60
Unscheduled Principal Distribution Amount 0.00
12
