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SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
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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) 02/17/98
The Money Store Business Loan Backed Certificates, Series 1997-I
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(Exact name of regristrant as specified in its charter)
New Jersey 333-20817 91-186-4388
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State or other (Commission (IRS Employer
jurisdiction of File Number) ID Number)
incorporation)
2840 Morris Avenue, Union, New Jersey 07083
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(Address of principal executive officer)
Registrant's Telephone Number,
including area code: 908-686-2000
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n/a
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(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 Remittance Date of: 02/17/98
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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 INC.
THE MONEY STORE INVESTMENT CORPORATION
THE MONEY STORE COMMERCIAL MORTGAGE INC.
THE MONEY STORE OF NEW YORK INC.
By: \S\ Harry Puglisi
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Name: Harry Puglisi
Title: Treasurer
Dated: 02/28/98
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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 TO SERIES 1997-1 FOR THE
FEBRUARY 11, 1998 DETERMINATION DATE
1. AVAILABLE FUNDS $610,021.47
2. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 67,858,220.72
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 6,462,687.72
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL BALANCE
AS REPORTED IN THE PRIOR MONTH 6,462,687.72
(D) AGGREGATE POOL PRINCIPAL BALANCE AS REPORTED IN
THE PRIOR MONTH 80,783,596.16
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 150,000.00
5. AMOUNT OF ALL EXCESS PAYMENTS AND MONTHLY PAYMENTS IN
RESPECT OF PRINCIPAL RECEIVED DURING THE DUE PERIOD 46,559.04
6. AGGREGATE AMOUNT OF INTEREST RECEIVED 664,701.96
7. (A) AMOUNT OF MONTHLY ADVANCE 0.00
(B) AMOUNT OF COMPENSATING INTEREST 1,027.18
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 361,910.40
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS A INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 13,881.26
ADJUSTED CLASS A INTEREST DISTRIBUTION AMOUNT 375,791.66
4.97078915
(B) CLASS M INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 36,891.30
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS M INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 1,414.84
ADJUSTED CLASS M INTEREST DISTRIBUTION AMOUNT 38,306.14
5.32029722
(C) CLASS B INTEREST DISTRIBUTION AMOUNT:
(i) ACCRUED INTEREST 38,237.70
(ii) SHORTFALL, IF ANY, ON A PRECEDING
REMITTANCE DATE PLUS INTEREST 0.00
(iii) CLASS B INTEREST DISTRIBUTION AMOUNT
ADJUSTMENT 1,466.48
ADJUSTED CLASS B INTEREST DISTRIBUTION AMOUNT 39,704.18
5.51446944
(D) CLASS A PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF
PRINCIPAL 165,109.60
(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 0.00
TOTAL CLASS A PRINCIPAL DISTRIBUTION AMOUNT 165,109.60
2.18398942
(E) CLASS M PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF
PRINCIPAL 15,724.72
(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 15,724.72
2.18398889
(F) CLASS B PRINCIPAL DISTRIBUTION AMOUNT:
(i) ALL PAYMENTS AND OTHER RECOVERIES OF
PRINCIPAL 15,724.72
(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 15,724.72
2.18398889
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
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12. (A) AGGREGATE CLASS A CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE ON
THE REMITTANCE DATE 67,693,111.12
895.41152275
(B) AGGREGATE CLASS M CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE ON
THE REMITTANCE DATE 6,446,963.00
895.41152778
(C) AGGREGATE CLASS B CERTIFICATE PRINCIPAL
BALANCE AFTER DISTRIBUTIONS TO BE MADE ON
THE REMITTANCE DATE 6,446,963.00
895.41152778
(D) POOL PRINCIPAL BALANCE AFTER DISTRIBUTIONS
TO BE MADE ON THE REMITTANCE DATE 80,587,037.12
895.41152356
13. (A) EXTRA INTEREST FOR SUCH REMITTANCE DATE 226,059.30
(B) EXTRA INTEREST TO BE DISTRIBUTED TO
CERTIFICATEHOLDERS 44,378.73
(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 279.774
(B) WEIGHTED AVERAGE BUSINESS LOAN INTEREST RATE 10.560%
15. (A) SERVICING FEES FOR THE RELATED DUE PERIOD 25,180.23
(B) DEFERRED SERVICING FEES PAID TO SERVICER
THIS PERIOD 0.00
(C) AMOUNTS TO BE DEPOSITED TO THE EXPENSE
ACCOUNT 4,039.18
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) 11,645.66
(D) SECTION 5.04 (e) 0.00
(E) SECTION 5.04 (f) 26,681.86
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
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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
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HARRY PUGLISI
TREASURER
