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SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report: August 21, 1998
(Date of earliest event reported)
NationsLink Funding Corporation
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-57473 56-1950039
- --------------------------------------------------------------------------------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
NationsBank Corporate Center, 100 North Tryon Street, Charlotte, NC 28255
- --------------------------------------------------------------------------------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (704) 386-2400
<PAGE>
Item 5. Other Events.
Attached are certain structural and collateral term sheets (the "Term
Sheets") furnished to the Registrant by NationsBanc Montgomery Securities LLC
(the "Underwriter"), the underwriter in respect of the Registrant's proposed
offering of Commercial Mortgage Pass-Through Certificates, Series 1998-2 (the
"Certificates"). The Certificates will be offered pursuant to a Prospectus and
related Prospectus Supplement (together, the "Prospectus"), which will be filed
with the Commission pursuant to Rule 424 under the Securities Act of 1933, as
amended (the "Act"). The Certificates will be registered pursuant to the Act
under the Registrant's Registration Statement on Form S-3 (No. 333-57473) (the
"Registration Statement"). The Registrant hereby incorporates the Term Sheets by
reference in the Registration Statement.
The Term Sheets were prepared solely by the Underwriter, and the Registrant
did not prepare or participate in the preparation of the Collateral Term Sheets
and Structural Term Sheets.
Any statement or information contained in the Term Sheets shall be modified
and superseded for purposes of the Prospectus and the Registration Statement by
statements or information contained in the Prospectus.
Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
(c) Exhibits
Exhibit 99 Term Sheets.
<PAGE>
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
NATIONSLINK FUNDING CORPORATION
By: /s/ James E. Naumann
---------------------
Name: James E. Naumann
Title: Senior Vice President
Date: August 21, 1998
<PAGE>
Exhibit Index
Item 601(a) of
Regulation S-K
Exhibit No. Description Page
- ----------- ----------- ----
99 Term Sheets
<TABLE>
<CAPTION>
Studio
Loan Number Loan Name Cut-off Balance Utilities Tenant Pays # of Units AvgRent
- ----------- --------- --------------- --------------------- ----------- -------
<S> <C> <C> <C> <C> <C>
50752 Parkview Towers Apts 27,924,914 None 184 787
50659 Summerwind Apartments 20,015,720 Electric/Gas/Hot Water 0 0
50958 Vanderbilt Apts. I & II 16,427,843 Electric 0 0
50750 Sonterra at Williams Centre (Apt)16,328,713 Electric/Gas 0 0
3054921 Kimberly Place Apartments 12,375,835 Electric 0 0
50691 Parcwood Apartments 12,218,675 Electric/Cable TV 52 546
50094 Colonial Homes Apartments 11,908,174 Electric/Gas/Cable TV 0 0
50790 Relais Esplanade Apartments 11,747,787 Electric/Sewer/Water/Hot Water/Cable TV/AC/Heat 0 0
3047180 Dry Creek Properties 9,921,908 Electric/Gas 0 0
50971 Spring Villas Apartments 8,548,200 Electric/Gas/Cable TV 0 0
3052107 Gentry Walk Apartments 8,378,578 Electric/Gas 0 0
50842 Pioneer Warehouse Lofts 8,340,059 Electric/Gas/Hot Water/Cable TV/AC/Heat 85 1,137
50013 St. Charles Regency Apts. 8,308,397 Electric/Hot Water 78 469
50920 Southwest Village Apartments 8,135,140 Electric/Gas/Cable TV 0 0
50936 Twin Lakes Manor Apartments 8,089,185 Electric/Cable TV 2 400
50844 Dos Santos Apts 8,020,664 Electric/Gas 0 0
50831 Prospect Creek Apts 7,565,940 Electric/Gas/Cable TV/AC/Heat. 0 0
3052032 Villa Pacific Apartments 7,478,842 Electric/Gas 0 0
50925 Colony Hills Apartments 7,307,316 Electric/Gas/Cable TV 0 0
50836 Laurel Gardens Cooperative, Inc 7,184,643 Electric 44 550
50122 Beacon Hill Apartments 6,942,865 Electric 0 0
3054673 Queen Vista Apartments 6,387,018 water/sewer/garbage/heat/electricity 12 0
50784 Amberwood Apts 5,982,762 Electric/Cable TV 1 550
50492 Franklin Regency Apartments 5,775,617 Electric/Gas 76 713
50997 Whispering Meadows Apartments 5,471,430 Electric 0 0
3051950 Mahara Condo Apartments 5,449,267 Electric/Gas 32 600
3057007 Hyde Park Apartments 5,168,115 Electric/Gas 0 0
3051125 Village Apartments 5,081,459 Electric/Gas 0 0
3055316 Happy Village Apartments 5,044,778 Electric 0 0
3048246 Hickory Terrace Apartments 4,807,954 Electric 0 0
3052248 Rockshire Apartments 4,790,225 Electric 0 0
50865 Highland Terrace Apts 4,486,860 Electric 56 275
3056934 Bayfill Apartments 4,470,949 Electric 0 0
50815 Sierra Chase Apartments 4,380,631 NAV 0 0
50806 Park Place Apts 4,334,354 Electric/Gas/Cable TV/AC/Heat 0 0
3049152 De Soto Apartments 4,110,179 Electric 34 425
3047040 Park Meridian Apartments 3,994,626 Electric 2 750
3052396 The Elms Apartments 3,989,542 Electric/Gas 0 0
50279 Maplewood Senior Citizens Apartmen3,965,281 None 28 767
50763 Stonebrook Square Apartments 3,840,717 Electric/Cable TV 0 0
50493 Jessica Apts 3,808,387 Electric/Gas 3 682
3062247 St. Francis Towers 3,794,894 Electric 18 768
3051695 4532 Murietta Avenue 3,792,656 Electric/Gas 0 0
3052370 Pacific Vista Apartments 3,751,251 Electric/Gas 0 0
50646 599-621 Front Street 3,601,475 Electric/Gas/Cable TV 64 695
50840 Vermont Hills Apts 3,589,968 Electric/Hot Water 0 0
50689 New Heritage Apts 3,522,205 Electric 0 0
50710 Frederick Gardens Apts 3,425,703 Electric/Sewer/Water/Cable TV 1 330
50895 Bay Harbor Apts 3,395,990 Electric/Gas/Sewer/Water/Hot Water/Cable TV/ 66 228
AC/Heat
50744 Alder Creek Condominiums (Apt) 3,377,792 Electric/Cable TV 0 0
50645 299 Jackson Street 3,255,992 Electric/Gas/Cable TV 0 0
50924 Grandes Cortez Apartments 3,236,898 None 48 483
50866 Tara Hills Apts 3,193,360 Electric 0 0
50854 Pantano Villas Apartments 3,116,309 Electric 0 0
50959 Wil-Ru Apartments 3,096,076 Electric 4 356
50884 Quail Hollow Apartments 3,095,849 Electric/Gas/Cable TV 0 0
50923 Canyon Walk Apartments 3,038,538 Cable TV 54 440
50772 Spring Valley Apartments 2,997,061 Hot Water/AC/Heat 0 0
50824 Pheasant Run Apartments 2,991,795 Electric 0 0
50553 Spring Garden Apts 2,947,653 Electric/Cable TV 0 0
3052230 Karolena Park Apartments 2,942,033 Electric 0 0
50554 Pershing Oaks Apts 2,912,799 Electric/Sewer/Water/Hot Water/AC/Heat 0 0
50841 Valley Vista Apartments 2,892,068 Electric/Hot Water 0 0
50588 Fleur De Leis Apts 2,833,637 Electric 0 0
3056801 Dorset House 2,744,460 Electric/Gas 0 0
3062239 Ridgewood Apartments 2,716,709 Electric/Gas 0 0
50654 15-35 Elk Street 2,624,677 Electric/Gas/Cable TV 4 643
50921 Paseo Del Sol Apartments 2,596,709 Cable TV 78 390
3057015 Hunters Glen Apartments 2,596,541 Electric/Gas 0 0
50427 365 W. 20th St. Apartments 2,585,406 Electric/Gas 46 1,349
50290 6011 Gaston Avenue Apartments 2,583,178 Electric/Gas/Sewer/Water/Cable TV 0 0
50272 Golf Villa Apartments 2,582,476 Electric/Gas/Hot Water/Cable TV/AC/Heat 0 0
3051844 Sawgrass Estates 2,495,063 Electric/Gas 0 0
3049590 Country Lane Apartments 2,469,928 Electric/Gas 0 0
50644 100 Jerusalem Avenue 2,408,440 Electric/Cable TV 36 719
50922 Hilltop Towers Apartments 2,398,499 Electric/Cable TV 17 422
3057023 Victoria Park Apartments 2,356,922 Electric/Gas 40 285
50823 Pomona West Apts 2,332,343 NAV 0 0
50765 Westview Apartments - Dalton 2,206,794 Cable TV/AC/Heat 0 0
50830 Coldwater Crossing Apartments 2,183,069 Electric/Gas/Cable TV 0 0
3049483 Hacienda Silva Apartment 2,020,168 Electric/Gas 0 0
3049712 110 Delaware Apartments 1,943,598 Electric 0 0
3049855 Terrace Apartments 1,920,249 Electric 0 0
3049863 Riverside Tower Apartments 1,920,249 Electric 0 0
50155 Commodore Apartments 1,871,967 Electric/Cable TV/Heat 35 364
50206 The White House Dormitory 1,827,029 None 0 0
50901 Aztec Villa Apartments 1,797,618 Electric/Gas/Cable TV 0 0
3048121 Bethany Towers 1,719,113 Electric/Gas 0 0
3051786 Evergreen Apartments LLC 1,695,446 Electric/Gas 0 0
3046414 Railview Apartments 1,590,750 Electric 0 0
3062411 Metro View I & II 1,583,087 None 0 0
3062098 Princeton Place Apartments 1,557,966 Electric/Gas 24 285
50795 Rosewood Apartments 1,514,738 Electric/Gas/Cable TV/AC/Heat 0 0
50019 Oak Street Apartments 1,501,467 Electric/Sewer/Water/Hot Water/Cable TV/AC/Heat 0 0
3050929 Hillcrest Apartments 1,471,974 Electric 0 0
3062957 Durfee Terrace Apartments 1,449,087 Electric 0 0
50743 Cedar Creek Apts 1,448,643 Electric 0 0
3046406 Oak Hills Manor Apartments 1,446,947 Electric 0 0
3051687 Broadway Manor Apartments 1,436,270 Electric 0 0
3062106 Marshall Reed Apartments 1,423,304 None 11 255
50415 Westwood Parc 1,422,149 Electric/Gas/Hot Water/Cable TV/AC/Heat 0 0
50988 112 1st Avenue 1,399,098 Electric 7 1,168
50845 Norwood Village Apartments 1,397,180 Electric/Cable TV 0 0
3049038 White Crane Building 1,396,143 Electric 0 0
3062114 Bingham Court Apartments 1,343,374 Electric 84 350
3054780 Manhattan Court Apartments 1,277,679 Electric 0 0
3049020 Sheffield Apartments 1,271,487 Electric 0 0
3054830 Patricia Avenue Apartments 1,232,546 Electric/Gas 0 0
3056850 Mississippi View Apartments 1,223,539 Electric 0 0
3051091 Romney Apartments Riverside 1,195,999 Electric 46 340
50085 Wedgewood Apartments 1,190,655 Electric 0 0
50411 Embassy House 1,158,193 Electric/Sewer/Water/Hot Water/Cable TV 0 0
3055464 Caltempo Apartments 1,149,250 Electric 7 420
3052305 Colorado Court Apartments 1,123,603 Electric 6 445
3052313 Victoria Lake Apartments 1,118,609 Electric 0 0
3049665 Viewcrest Apartments 1,118,596 Electric 0 0
3056736 Raintree Apartments 1,097,842 Electric 0 0
3049319 Catalina Vista Apartments 1,096,894 Electric/Gas 0 0
50775 Palmetto Garden Apts 1,096,450 Electric/Cable TV 0 0
3049004 The Buckingham 1,084,005 Electric 0 0
3049012 The Grace 1,047,107 Electric 14 518
50996 Del Capri Apartments 1,024,359 Electric/Gas 0 0
50413 Greenbriar Apts. 1,019,373 Sewer/Water/Hot Water 0 0
3054590 Woodbridge Terrace Apartments 998,859 Electric 4 0
3051133 Bear Creek North Apartments 998,615 Electric/Gas 0 0
3046604 Morningstar Apartments 997,492 Electric 0 0
50150 Silver Sage Apartments 992,750 All 0 0
3050903 Issaquah Valley Place 943,061 Electric/Water/Sewer 0 0
50676 Village Green II Aptartments 892,190 Electric 0 0
50742 Oak Ridge Apts 874,510 Electric/Cable TV 0 0
50882 Garden Park Apartments 873,962 Electric/Cable TV 8 390
3056751 Verona Apartments 851,958 Electric 44 328
3062445 Kachina Court 805,371 Electric/Gas 82 285
50655 357 Jackson Street Apartments 792,694 Electric/Gas/Cable TV 4 602
3052297 Lakeview Apartments 754,062 Electric 0 0
3054798 Sunplace Apartments 747,971 Electric 0 0
3049749 Redmond Apartments 747,538 Electric 0 0
3046398 Piedmont Manor Apartments 722,538 Electric 0 0
3046422 Spirit Mountain Apartments 677,690 Electric 0 0
3049756 Margaret Ann Apartments 647,782 Electric 2 360
50656 51 Bell Street Apartments 634,155 Electric/Gas/Cable TV 0 0
50940 Duval Crossing Apartments 629,250 Electric/Cable TV 0 0
3050945 Skyway Park 623,718 Electric 0 0
3050937 Mainplace 523,923 Electric 0 0
3050911 Columbia Park 503,964 Electric 0 0
3049251 5536 N. Campbell Apartments 386,353 Electric 2 400
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
1 Bedroom 2 Bedroom 3 Bedroom 4 Bedroom
Loan Number # of Units AvgRent # of Units AvgRent # of Units AvgRent # of Units AvgRent
- ----------- ---------- ------- ---------- ------- ---------- ------- ---------- -------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
50752 408 844 90 1,001 0 0 0 0
50659 0 0 192 1,188 96 1,458 0 0
50958 144 547 260 763 12 999 0 0
50750 180 556 142 702 22 898 0 0
3054921 191 0 155 0 0 0 0 0
50691 132 609 88 718 40 866 0 0
50094 0 0 254 790 0 0 0 0
50790 224 499 112 672 0 0 0 0
3047180 64 806 80 908 54 1,191 0 0
50971 80 888 80 883 0 0 0 0
3052107 22 603 108 692 37 837 0 0
50842 0 0 0 0 0 0 0 0
50013 143 665 0 0 0 0 0 0
50920 98 491 216 595 18 739 0 0
50936 308 500 0 0 0 0 0 0
50844 88 608 88 720 0 0 0 0
50831 89 468 124 563 31 696 0 0
3052032 24 700 160 808 0 0 0 0
50925 0 0 214 603 0 0 0 0
50836 146 647 45 723 0 0 0 0
50122 216 389 216 470 0 0 0 0
3054673 52 0 23 0 0 0 0 0
50784 33 655 87 763 1 925 0 0
50492 36 825 4 1,150 0 0 0 0
50997 40 423 200 523 0 0 0 0
3051950 40 700 56 777 0 0 0 0
3057007 40 510 74 602 24 708 0 0
3051125 102 424 166 486 20 596 0 0
3055316 126 360 108 0 54 0 0 0
3048246 92 550 76 0 0 0 0 0
3052248 41 422 141 471 30 645 0 0
50865 179 360 43 513 0 0 0 0
3056934 7 0 26 0 0 0 0 0
50815 40 465 104 550 0 0 0 0
50806 32 556 80 631 0 0 0 0
3049152 98 550 19 725 0 0 0 0
3047040 55 925 27 1,250 0 0 0 0
3052396 0 0 0 0 58 0 0 0
50279 86 825 0 0 0 0 0 0
50763 32 390 60 516 48 635 0 0
50493 30 810 28 1,078 0 0 0 0
3062247 18 879 33 1,128 0 0 0 0
3051695 0 0 33 1,472 0 0 0 0
3052370 18 723 40 918 0 0 0 0
50646 44 771 24 950 0 0 0 0
50840 0 0 64 788 0 0 0 0
50689 0 0 66 524 34 612 0 0
50710 115 361 57 458 0 0 0 0
50895 94 288 46 371 0 0 0 0
50744 18 484 78 522 0 0 0 0
50645 90 709 22 849 1 1,040 0 0
50924 102 553 1 0 0 0 0 0
50866 72 370 118 420 24 505 0 0
50854 64 412 72 494 0 0 0 0
50959 35 404 75 475 2 0 0 0
50884 12 628 78 739 0 0 0 0
50923 68 517 44 639 0 0 0 0
50772 36 575 44 703 0 0 0 0
50824 24 440 78 571 0 0 0 0
50553 0 0 95 488 0 0 0 0
3052230 0 0 56 809 0 0 0 0
50554 0 0 87 540 0 0 0 0
50841 0 0 108 534 0 0 0 0
50588 32 425 80 475 40 535 24 638
3056801 16 648 31 828 6 930 0 0
3062239 1 525 72 615 1 700 0 0
50654 64 765 17 929 0 0 0 0
50921 137 470 0 0 0 0 0 0
3057015 20 545 36 665 16 745 0 0
50427 28 1,550 0 0 0 0 0 0
50290 30 889 15 1,013 0 0 0 0
50272 16 474 120 509 0 0 0 0
3051844 12 454 43 565 14 654 0 0
3049590 32 455 48 555 0 0 0 0
50644 51 812 9 832 0 0 0 0
50922 53 496 41 605 0 0 0 0
3057023 96 0 6 500 0 0 0 0
50823 0 0 0 0 0 0 60 745
50765 28 416 48 494 25 601 0 0
50830 49 387 95 430 0 0 0 0
3049483 0 0 22 1,160 1 1,700 0 0
3049712 18 510 31 647 6 730 0 0
3049855 0 0 32 909 0 0 0 0
3049863 8 667 28 795 0 0 0 0
50155 32 474 0 0 0 0 0 0
50206 0 0 0 0 37 1,837 0 0
50901 32 424 80 500 16 627 0 0
3048121 10 0 16 0 0 0 0 0
3051786 0 0 1 850 36 1,055 0 0
3046414 56 533 4 598 0 0 0 0
3062411 16 348 3 235 29 211 4 204
3062098 24 325 41 0 1 500 0 0
50795 0 0 72 350 28 395 0 0
50019 30 500 10 784 3 952 0 0
3050929 0 0 27 778 0 0 0 0
3062957 0 0 36 781 0 0 0 0
50743 0 0 67 586 0 0 0 0
3046406 12 520 36 605 0 0 0 0
3051687 18 475 41 0 0 0 0 0
3062106 102 0 8 515 0 0 0 0
50415 54 352 40 474 0 0 0 0
50988 1 1,500 0 0 0 0 0 0
50845 56 339 56 398 0 0 0 0
3049038 0 0 10 988 3 0 0 0
3062114 12 327 0 0 0 0 0 0
3054780 2 345 34 448 12 555 0 0
3049020 13 809 8 1,234 0 0 0 0
3054830 5 725 17 878 0 0 0 0
3056850 3 392 21 497 24 593 0 0
3051091 35 370 0 0 0 0 0 0
50085 18 355 80 413 20 525 0 0
50411 24 436 24 590 0 0 0 0
3055464 50 480 2 600 0 0 0 0
3052305 23 515 13 620 1 795 0 0
3052313 29 0 21 653 0 0 0 0
3049665 11 0 28 590 0 0 0 0
3056736 14 405 26 520 0 0 0 0
3049319 14 378 24 480 12 615 0 0
50775 24 405 40 475 0 0 0 0
3049004 0 0 2 793 12 1,307 0 0
3049012 20 665 0 0 0 0 0 0
50996 18 482 18 556 0 0 0 0
50413 10 400 40 514 0 0 0 0
3054590 20 0 24 0 0 0 0 0
3051133 12 465 25 499 17 573 0 0
3046604 11 430 35 0 0 0 0 0
50150 0 0 23 712 0 0 0 0
3050903 6 721 8 889 0 0 0 0
50676 20 302 40 350 2 450 0 0
50742 16 322 48 376 0 0 0 0
50882 19 436 21 520 0 0 0 0
3056751 24 0 1 560 0 0 0 0
3062445 0 0 0 0 0 0 0 0
50655 25 709 2 824 0 0 0 0
3052297 24 495 6 685 0 0 0 0
3054798 24 456 6 540 0 0 0 0
3049749 0 0 0 0 0 0 21 1,265
3046398 22 475 12 555 0 0 0 0
3046422 17 417 17 498 0 0 0 0
3049756 21 557 0 0 1 1,025 0 0
50656 12 819 12 839 3 909 0 0
50940 0 0 8 647 8 746 0 0
3050945 1 575 15 0 0 0 0 0
3050937 4 625 8 726 0 0 0 0
3050911 1 715 11 676 0 0 0 0
3049251 18 550 0 0 0 0 0 0
</TABLE>
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