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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) APRIL 15, 1997
The Money Store Commercial Mortgage Inc. (as Seller under a Pooling and
Servicing Agreement dated as of February 28, 1997 providing for the issuance of
The Money Store Business Loan Backed Certificates, Series 1997-I, Class A, Class
M and Class B
The Money Store Commercial Mortgage Inc.
________________________________________________________________________________
(Exact name of registrant as specified in its charter)
New Jersey 333-20817 Applied For
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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)
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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 April 15, 1997
Remittance Date.
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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 COMMERCIAL MORTGAGE INC.
By: \s\ Harry Puglisi
--------------------------------
Name: Harry Puglisi
Title: Treasurer
Dated April 30, 1997
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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 SERIES 1997-1 FOR THE APRIL 10, 1997
DETERMINATION DATE
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1. AVAILABLE FUNDS $673,275.55
2. (A) ORIGINAL CLASS A CERTIFICATE PRINCIPAL BALANCE 75,600,000.00
(B) ORIGINAL CLASS M CERTIFICATE PRINCIPAL BALANCE 7,200,000.00
(C) ORIGINAL CLASS B CERTIFICATE PRINCIPAL BALANCE 7,200,000.00
(D) ORIGINAL POOL PRINCIPAL BALANCE 87,808,810.42
3. PRINCIPAL PREPAYMENTS RECEIVED DURING THE DUE PERIOD
(A) NUMBER OF ACCOUNTS 0
(B) DOLLARS 0.00
4. AMOUNT OF CURTAILMENTS RECEIVED DURING THE DUE PERIOD 0.00
5. AMOUNT OF ALL EXCESS PAYMENTS AND MONTHLY PAYMENTS IN
RESPECT OF PRINCIPAL RECEIVED DURING THE DUE PERIOD 125,120.06
6. AGGREGATE AMOUNT OF INTEREST RECEIVED 818,113.88
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 0.00
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
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10. (A) CLASS A INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 403,200.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (3,599.37)
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 399,600.63
5.28572262
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 41,100.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT (366.90)
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 40,733.10
5.65737500
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 42,600.00
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT ADJUSTMENT (380.29)
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 42,219.71
5.86384861
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES 105,100.86
(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 0.00
(vi) RECALCULATED PRINCIPAL ADJUSTMENT (6.28)
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 105,094.58
1.39013995
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 10,009.60
(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 (0.60)
TOTAL CLASS M PRINCIPAL DISTRIBUTION AMOUNT 10,009.00
1.39013889
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF PRINCIPAL 10,009.60
(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 (0.60)
TOTAL CLASS B PRINCIPAL DISTRIBUTION AMOUNT 10,009.00
1.39013889
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 75,494,905.42
998.60986005
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 7,189,991.00
998.60986111
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE AFTER
DISTRIBUTIONS TO BE MADE ON THE REMITTANCE DATE 7,189,991.00
998.60986111
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS 87,683,697.84
TO BE MADE ON THE REMITTANCE DATE 974.26330933
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13. (A) EXTRA INTEREST FOR SUCH REMITTANCE DATE 245,718.30
(C) SPREAD ACCOUNT EXCESS (payable to Spread Account Deposit 0.00
(C) SPREAD ACCOUNT BALANCE 0.00
(D) SPECIFIED SPREAD ACCOUNT REQUIREMENT 0.00
14. (A) WEIGHTED AVERAGE MATURITY 285.698
(B) WEIGHTED AVERAGE BUSINESS LOAN INTEREST RATE 10.312%
15. (A) SERVICING FEES FOR THE RELATED DUE PERIOD 31,740.36
(B) AMOUNTS TO BE DEPOSITED TO THE EXPENSE ACCOUNT 4,390.44
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) 0.00
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 0.00
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 2,191,189.58
21. OTHER INFORMATION AS REQUESTED
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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
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HARRY PUGLISI
TREASURER
