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Previous: CLASSNOTES TRUST 1997-1, 8-K, 1997-08-28 |
Next: MORGAN STANLEY ABS CAPITAL II INC, 424B2, 1997-08-28 |
<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 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 report) AUGUST 15, 1997
The Money Store Business Loan Backed Certificates, Series 1997-I
- --------------------------------------------------------------------------------
(Exact name of regristrant as specified in its charter)
New Jersey 333-20817 Applied For
--------------- ------------ -------------
State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
- ---------------------------------------- -------------
(Address of principal executive officer)
Registrant's Telephone Number,
including area code: 908-686-2000
--------------
n/a
- --------------------------------------------------------------------------------
(Former name or former address, if changed since last report)
<PAGE>
Item 5 Other Events
---------------------
Attached herein as Annex A is a copy of the Monthly Statement sent to
Class A Certificate holders with respect to the August 15, 1997 Remittance Date.
<PAGE>
SIGNATURES
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 thereunto duly authorized.
THE MONEY STORE INC.
THE MONEY STORE INVESTMENT CORPORATION
THE MONEY STORE COMMERCIAL MORTGAGE INC.
THE MONEY STORE OF NEW YORK INC.
By: \S\ Harry Puglisi
------------------------------------
Name: Harry Puglisi
Title: Treasurer
Dated: August 31, 1997
<PAGE>
SERVICER'S CERTIFICATE
IN ACCORDANCE WITH SECTION 6.09 OF THE POOLING AND SERVICING AGREEMENT DATED
AS OF FEBRUARY 28, 1997, THE MONEY STORE COMMERCIAL MORTGAGE INC. REPORTS THE
FOLLOWING INFORMATION PERTAINING TO SERIES 1997-1 FOR THE AUGUST 12, 1997
DETERMINATION DATE
<TABLE>
<C> <S> <C> <C>
1. AVAILABLE FUNDS $2,347,515.15
2. (A) AGGREGATE CLASS A CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 73,184,143.41
(B) AGGREGATE CLASS M CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 6,969,918.45
(C) AGGREGATE CLASS B CERTIFICATE
PRINCIPAL BALANCE AS REPORTED IN THE PRIOR MONTH 6,969,918.45
(D) AGGREGATE POOL PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 87,123,980.31
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 4
(B) DOLLARS 1,724,678.99
4. AMOUNT OF CURTAILMENTS RECEIVED DURING THE DUE PERIOD 40,000.00
5. AMOUNT OF ALL EXCESS PAYMENTS AND MONTHLY PAYMENTS IN
RESPECT OF PRINCIPAL RECEIVED DURING THE DUE PERIOD 121,003.62
6. AGGREGATE AMOUNT OF INTEREST RECEIVED 752,291.31
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 6,314.67
8. DELINQUENCY AND FORECLOSURE INFORMATION
(SEE EXHIBIT K)
9. (A) AMOUNT OF REALIZED LOSSES INCURRED DURING THE DUE PERIOD 0.00
(B) THE ACTUAL LOSS AMOUNT FOR SUCH REMITTANCE DATE 0.00
10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 390,315.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (239.89)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 390,075.41
5.15972765
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 39,786.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (24.45)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 39,762.15
5.52252083
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 41,238.60
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (25.28)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 41,213.32
5.72407222
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 1,583,973.39
(ii) PRINCIPAL PORTION PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) PRINCIPAL BALANCE OF A LIQUIDATED BUSINESS LOAN 0.00
(v) AMOUNT RELEASED FROM THE PRE-FUNDING ACCOUNT 0.00
(vi) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 1,583,973.39
20.95202897
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 150,854.61
(ii) PRINCIPAL PORTION PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) PRINCIPAL BALANCE OF A LIQUIDATED BUSINESS LOAN 0.00
(v) AMOUNT RELEASED FROM THE PRE-FUNDING ACCOUNT 0.00
(vi) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS M PRINCIPAL DISTRIBUTION AMOUNT 150,854.61
20.95202917
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 150,854.61
(ii) PRINCIPAL PORTION PURCHASED FOR BREACH OF
WARRANTY AND RECEIVED BY THE TRUSTEE 0.00
(iii) SUBSTITUTION ADJUSTMENTS 0.00
(iv) PRINCIPAL BALANCE OF A LIQUIDATED BUSINESS LOAN 0.00
(v) AMOUNT RELEASED FROM THE PRE-FUNDING ACCOUNT 0.00
(vi) RECALCULATED PRINCIPAL ADJUSTMENT 0.00
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 150,854.61
20.95202917
</TABLE>
<PAGE>
<TABLE>
<C> <S> <C>
11. (A) AMOUNT AVAILABLE IN THE SPREAD ACCOUNT IN CASH
AND FROM LIQUIDATION OF PERMITTED INSTRUMENTS 0.00
(B) AMOUNT TO BE TRANSFERRED FROM SPREAD ACCOUNT TO
CERTIFICATE ACCOUNT PURSUANT TO SECTION 6.02(b)(i) 0.00
(C) THE TOTAL AMOUNT OF GUARANTY PAYMENTS 0.00
(D) PAYMENTS WITH RESPECT TO ALTERNATE CREDIT ENHANCEMENT 0.00
12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 71,600,170.02
947.09219603
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 6,819,063.84
947.09220000
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 6,819,063.84
947.09220000
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 85,238,297.70
947.09219667
13. (A) EXTRA INTEREST FOR SUCH REMITTANCE DATE 261,952.80
(B) EXTRA INTEREST TO BE DISTRIBUTED TO CERTIFICATE 13,574.54
(C) SPREAD ACCOUNT EXCESS (payable to Spread Account Depositor) 0.00
(D) SPREAD ACCOUNT BALANCE 0.00
(E) SPECIFIED SPREAD ACCOUNT REQUIREMENT 0.00
14. (A) WEIGHTED AVERAGE MATURITY 285.146
(B) WEIGHTED AVERAGE BUSINESS LOAN INTEREST RATE 10.554%
15. (A) SERVICING FEES FOR THE RELATED DUE PERIOD 28,506.57
(B) DEFERRED SERVICING FEES PAID TO SERVICER THIS PERIOD 0.00
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,356.20
16. AMOUNT OF REIMBURSEMENTS PURSUANT TO:
(A) SECTION 5.04 (b) 0.00
(B) SECTION 5.04 (c) 0.00
(C) SECTION 5.04 (d)(ii) 5,014.86
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 33,602.31
17. (A) CLASS A REMITTANCE RATE FOR SUCH REMITTANCE DATE 6.400%
(B) CLASS M REMITTANCE RATE FOR SUCH REMITTANCE DATE 6.850%
(C) CLASS B REMITTANCE RATE FOR SUCH REMITTANCE DATE 7.100%
18. (A) CUMULATIVE ACTUAL LOSS AMOUNT FOR SUCH REMITTANCE DATE 0.00
(B) CUMULATIVE REALIZED LOSSES FOR SUCH REMITTANCE DATE 0.00
19. (A) CLASS B SHORTFALL AMOUNT FOR SUCH REMITTANCE DATE 0.00
20. (A) AGGREGATE PRINCIPAL BALANCE OF THE SUBSEQUENT MORTGAGE
LOANS PURCHASED DURING THE PRIOR DUE PERIOD 0.00
(B) AMOUNT ON DEPOSIT IN THE PRE-FUNDING ACCOUNT AS OF THE END OF
SUCH DUE PERIOD 0.00
21. OTHER INFORMATION AS REQUESTED
</TABLE>
<PAGE>
I, Harry Puglisi, Treasurer, represent that The Money Store Commercial Mortgage
Inc. complied with section 6.09 of the Pooling and Servicing Agreement dated
February 28, 1997 pertaining to Series 1997 - 1 in preparing the accompanying
Servicer's Certificate.
THE MONEY STORE COMMERCIAL MORTGAGE INC.
By: \s\ Harry Puglisi
---------------------------
HARRY PUGLISI
TREASURER
By: \s\ Harry Puglisi
---------------------------
HARRY PUGLISI
TREASURER
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