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: November 20, 1996
(Date of earliest event reported)
Asset Securitization Corporation
(Exact name of registrant as specified in its charter)
Delaware 33-49370-02 13-3672337
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(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number) Identification No.)
Incorporation)
Two World Financial Center, Building B, New York, New York 10281
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Address of Principal Executive Office
Registrant's telephone number, including area code: (212) 667-9300
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Item 5. Other Events.
Attached as Exhibit 1 to this Current Report are certain
collateral term sheets (the "Term Sheets") furnished to Asset
Securitization Corporation (the "Registrant") by Nomura Securities
International, Inc. (the "Underwriter"), the underwriter in respect of the
Registrant's Commercial Mortgage Pass-Through Certificates, Series 1996-MDVI
(the "Certificates"). The Certificates are being Offered pursuant to a
Prospectus and related Prospectus Supplement (together, the "Prospectus"),
which will be filed with the Commission pursuant to Rule 424(b)(5) under the
Securities Act of 1933, as amended (the "Act"). The Certificates have been
registered pursuant to the Act under a Registration Statement on Form S-3
(No. 33-99502) (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 Term Sheets.
Any statement or information contained in the Term Sheets shall be
deemed to be modified or superseded for purposes of the Prospectus and the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 1. 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.
ASSET SECURITIZATION CORPORATION
By: /s/Perry Gershon
-----------------------------
Perry Gershon
Vice President
Date: November 20, 1996
<PAGE>
Exhibit Index
Item 601(a) of
Regulation S-K
Exhibit No. Exhibit No. Description
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1 99 Term Sheets
<PAGE>
EXHIBIT 1
<PAGE>
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Nomura Securities International, Inc. (212) 667-1545
Commercial Mortgage-Backed Securities
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MEGADEAL (SM) VI - $896,300,000
COLLATERAL TERM SHEET
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==============================================================
<TABLE>
<CAPTION>
LOAN
NAME PROPERTY ADDRESS CITY STATE ZIP
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<S> <C> <C> <C> <C> <C>
1 Columbia Melville Marriott 1350 Old Walt Whitman Road Melville New York 11747
Sussex II
2 Columbia Radisson Hotel 128 Frontage Road Newark New Jersey 07114
Sussex II Newark Airport
3 Columbia Radisson Hotel 5555 Hazeltine Orlando Florida 32812
Sussex II Orlando Airport National Drive
4 Columbia Radisson Hotel Cinncinnati Airport Boone County Kentucky 45275
Sussex II Cincinnati Airport
5 Columbia Holiday Inn 3317 Fern Valley Road Louisville Kentucky 40213
Sussex II Louisville S. Airport
6 Columbia Holiday Inn 26555 Telegraph Road Southfield Michigan 48034
Sussex II Southfield (Detroit)
7 Columbia Best Western 5565 West Irlo Kissimmee Florida 34746
Sussex II Eastgate Bronson Parkway
8 Columbia Radisson Lake Buena 8686 Palm Parkway Vista Centre Florida 32836
Sussex II Vista
9 Columbia Radisson Hotel 808 South 20th Street Birmingham Alabama 35205
Sussex II Central Birmingham
10 Columbia Holiday Inn Itasca 860 Irving Park Road W. Itasca Illinois 60143
Sussex II
11 Columbia Holiday Inn 383 East Leffel Lane Springfield Ohio 45505
Sussex II Springfield
12 Columbia Holiday Inn Glen 1250 Roosevelt Road Glen Ellyn Illinois 60137
Sussex II Ellyn
1 HGI II Lake Elsinore Outlet 17600 Collier Avenue Lake Elsinore California 92530
Center
2 HGI II Southwest Outlet 104 Interstate Highway 35 Hillsboro Texas 76645
Center
3 HGI II Chesapeake Village 441 Outlet Center Road Queenstown Maryland 21658
4 HGI II Tracy Outlet Center 1005 Pescadero Avenue Tracy California 95376
5 HGI II Pismo Beach Outlet 333 Five Cities Drive Pismo Beach California 93449
Center
1 MHP II New Orleans Marriott 555 Canal Street New Orleans Louisiana 70140
2 MHP II San Antonio Marriott 101 Bowie Street San Antonio Texas 78205
3 MHP II Santa Clara Marriott 2700 Mission College Blvd. Santa Clara California 95052
4 MHP II San Ramon Marriott 2600 Bishop Drive San Ramon California 94583
1 Palmer Sq. Palmer Square Princeton New Jersey 08542
1 Prime Grove City Factory Exit 31 and I-79 Grove City Pennsylvania
Retail Outlet Center
2 Prime San Marcos Factory 3939 Interstate Highway 35 San Marcos Texas
Retail Shops
3 Prime Castle Rock Factory 5050 Factory Shops Boulevard Castle Rock Colorado
Retail Shops
4 Prime Gulf Coast Factory NE I-75 and US H-way 301 Ellenton Florida
Retail
5 Prime Ohio Factory Shops NEQ I-71 and US H-way 35 Jeffersonville Ohio
Retail
6 Prime Loveland 5661 McWhinney Boulevard Loveland Colorado
Retail
7 Prime Magnolia Bluff Interstate 95 & GA 251 Darien Georgia
Retail
8 Prime Gainesville Shops 4321 Interstate 35 North Gainesville Texas
Retail
9 Prime Gulfport Shops Interstate 10 & Route 49 Gulfport Mississippi
Retail
10 Prime HuntleyShops Interstate 90 & Route 47 Huntley Illinois
Retail
11 Prime Florida Keys 250 East Palm Drive Flordia City Florida
Retail
12 Prime KC Factory Center 1306 West Old Highway 40 Odessa Missouri
Retail
13 Prime Indiana Factory Rt. 67 and I-State 69 Daleville Indiana
Retail
14 Prime Nebraska Crossing 14333 S. Highway 31 and US 80 Gretna Nebraska
Retail
15 Prime Coral Isle Factory 7222 Isle of Capri Road Naples Florida
Retail (Rt. 951)
16 Prime Triangle Factory 1001 Airport Boulevard Morrisville N. Carolina
Retail
</TABLE>
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[LOGO] NOMURA
11/19/96 DIRECT.DOC
/s/ BMF S-24
/s/ RP S-8
Prospective investors are advised to carefully read, and should rely
solely on, the final prospectus and prospectus supplement (the "Final
Prospectus") relating to the securities referred to herein in
making their investment decision. This Structural and Collateral
Term Sheet does not include all relevant information relating to the
securities and collateral described herein, particularly with
respect to the risks and special considerations associated with an
investment in such securities. All structure and collateral information
contained herein is preliminary and it is anticipated that such
information will change. Any information contained herein will be more
fully described in, and will be fully superseded by, the description of
the collateral and structure in the prospectus supplement and
Final Prospectus. Although the information contained in this Structural
and Collateral Term Sheet is based on sources which Nomura Securities
International, Inc. ("Nomura") believes to be reliable, Nomura
makes no representation or warranty that such information is accurate
or complete. Such information should not be viewed as projections,
forecasts, predictions or opinions with respect to value, the
actual rate or timing of principal payments or prepayments on the
underlying assets or the performance characteristics of the securities.
Nomura and its affiliates may in the future have a position in the
securities discussed herein and may purchase or sell the same on a
principal basis or as agent for another person. In addition, Nomura
may act as an underwriter of such securities, and Nomura and certain
of its affiliates may currently be providing investment banking and
other services to the issuer of such securities and the borrowers
described herein and their affiliates. Prior to making any investment
decision, a prospective investor shall receive and fully review the
Final Prospectus. NOTHING HEREIN SHOULD BE CONSIDERED AN OFFER TO SELL
OR SOLICITATION OF AN OFFER TO BUY ANY SECURITIES. All appraised
values were obtained from appraisals conducted within the past year.
