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Previous: ADVANTA REVOLVING HOME EQUITY LOAN TRUST 1998-A, 8-K, 1998-07-31 |
Next: EQCC HOME EQUITY LOAN TRUST 1998-2, 8-K, 1998-07-31 |
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: July 31, 1998
(Date of earliest event reported)
Morgan Stanley Capital I, Inc.
- --------------------------------------------------------------------------------
(Exact name of registrant as specified in its charter)
Delaware 333-45467 13-3291626
- --------------------------------------------------------------------------------
(State or Other (Commission (I.R.S. Employer
Jurisdiction of File Number Identification No.)
Incorporation
1585 Broadway, 37th Floor, New York, NY 10036
- --------------------------------------------------------------------------------
Address of Principal Executive Office
Registrant's telephone number, including area code: (212) 761-4000
<PAGE>
Item 5. Other Events.
Attached as Exhibit 99.1 to this Current Report are certain materials
(the "Collateral Term Sheets") furnished to the Registrant by Morgan Stanley &
Co. Incorporated (the "Underwriter"), the underwriter in respect of the
Registrant's Commercial Mortgage Pass-Through Certificates, Series 1998-CF1 (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. 333-45467) (the
"Registration Statement"). The Registrant hereby incorporates the Collateral
Term Sheets by reference in the Registration Statement.
The Collateral Term Sheets were prepared solely by the Underwriter, and
the Registrant did not prepare or participate in the preparation of the
Collateral Term Sheets.
Any statement or information contained in the Collateral 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shall be deemed to be modified or superseded for purposes of the Prospectus and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 99.1 Collateral Term Sheets.
<PAGE>
Pursuant to the requirements of the Securities Act of 1934, the
Registrant has duly caused this report to be signed on behalf of the Registrant
by the undersigned thereunto duly authorized.
MORGAN STANLEY CAPITAL I, INC.
By: /s/ Russ Rohbany
---------------------------
Name: Russ Rohbany
Title: Vice President
Date: July 31, 1998
Exhibit 99.1
DISCLAIMER
INFORMATION CONTAINED IN THIS SCHEDULE IS SUBJECT TO COMPLETION OR AMENDMENT,
DATED JULY [ ], 1998.
Prospective investors are advised to read carefully, and should rely solely on,
the Prospectus Supplement dated July [ ], 1998 and accompanying Prospectus dated
July [ ], 1998 (together, the "Prospectus") relating to the Certificates
referred to below in making their investment decision.
This diskette accompanies and is a part of the Prospectus Supplement relating to
the Commercial Mortgage Pass - Through Certificates Series 1998 - CF1 (the
"Certificates"). The information set forth on this diskette is an electronic
copy of the information set forth in Appendix II "Certain Characteristics of the
Mortgage Loans" in the Prospectus. This diskette should be reviewed only in
conjunction with the entire Prospectus. This diskette does not contain all
relevant information relating to the Certificates. Such information is described
elsewhere in the Prospectus.
Methodologies used in deriving certain information contained on this diskette
are more fully described elsewhere in the Prospectus.
The information on this diskette should not be viewed as projections, forecasts,
predictions or opinions with respect to value.
Prior to making any investment decision, a prospective investor must receive and
should carefully review the Prospectus. NOTHING IN THIS SCHEDULE SHOULD BE
CONSIDERED AN OFFER TO SELL OR A SOLICITATION OF AN OFFER TO BUY ANY
CERTIFICATES.
<PAGE>
CERTAIN INFORMATION REGARDING THE LOAN GROUP 2 MORTGAGE LOANS
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
LOAN UTILITIES CUT-OFF
NO. PROPERTY NAME CITY COUNTY STATE TENANT PAYS DATE BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
1 2677 Larkin Street San Francisco San Francisco CA Electric, Gas $6,386,567
2 645 Stockton Street San Francisco San Francisco CA Electric, Gas $5,674,747
3 1340 -1390 Taylor Street San Francisco San Francisco CA Electric, Gas $5,054,295
4 1401 Jones Street San Francisco San Francisco CA Electric, Gas $4,695,700
5 1870 Pacific Avenue San Francisco San Francisco CA Electric, Gas $3,416,813
6 500 Stanyan Street San Francisco San Francisco CA Electric, Gas $3,281,099
7 2075 - 2079 Market Street San Francisco San Francisco CA Electric, Gas $3,013,074
8 1290 20th Avenue San Francisco San Francisco CA Electric, Gas $2,953,787
9 78 Buchanan Street San Francisco San Francisco CA None $2,714,291
11 235 - 241 Church Street San Francisco San Francisco CA Electric, Gas $1,428,994
13 252 - 258 Church Street San Francisco San Francisco CA Electric $753,794
35 Park Drive Manor Philadelphia Philadelphia PA Electric, Gas $19,878,453
58 Ashton Pointe Apartments Lubbock Lubbock TX Electric, Water, Sewer $10,965,690
61 Polos South Apartments Kissimmee Osceola FL Electric, Water, Sewer $10,234,114
62 River Oaks Apartments Lake Forest Orange CA Electric $9,979,120
63 West 49th Street New York New York NY Electric, Gas $9,968,616
95 Highland Walk Apartments Norcross Gwinnett GA Electric, Gas $7,482,950
96 Deep Ellum Lofts Dallas Dallas TX None $7,476,631
98 Sandlewood Apartments Atlanta Clayton GA Electric $7,305,576
99 Emerald Pointe Apartments Rohnert Park Sonoma CA Electric, Gas $7,303,030
106 West Garden Apartments Hialeah Dade FL Electric, Gas $6,814,960
110 Cranbrook III Davis Yolo CA Electric, Gas $6,545,028
111 The Palms of Apalachee Apartments Tallahassee Leon FL Electric, Water $6,484,777
113 Columbia Arms Apartments Kissimmee Osceola FL Electric, Gas $6,380,363
114 Palms of Magnolia Tallahassee Leon FL Electric, Water $6,365,425
115 Winds of Santa Fe Hialeah Dade FL Electric $6,245,793
120 Spring Valley Club Apartments Panama City Bay FL Electric, Gas $5,469,441
126 Highland Estates Decatur DeKalb GA All $5,171,215
128 Heritage House Apartments Davis Yolo CA Electric, Gas $5,102,890
136 Arnaz Arms Apartments Los Angeles Los Angeles CA Electric, Gas $4,944,632
138 Phoenix Court Kent King WA Electric, Gas $4,785,965
139 Wynstone Apartments Nashville Davidson TN Electric $4,770,988
148 Cambridge Park Apartments Red Bank Hamilton TN All $4,382,532
150 St. Doris Apartments Fresno Fresno CA All except hot water $4,350,592
155 Golden Pointe Apartments Orlando Orange FL Electric $3,981,336
161 Golden Gate Apartments Napa Napa CA Gas, Electric, Trash,
Hot Water $3,795,195
166 Village North Townhouses and Apartments Decatur Macon IL Electric, Gas $3,738,315
170 Westwood Apartments Seattle King WA Electric $3,539,494
174 Belle Rive Club Apartments Jacksonville Duval FL All $3,389,525
201 Pinellas Pointe Apartments St. Petersburg Pinellas FL Electric $2,829,193
208 Woodknoll Townhomes St. Louis North St. Louis MO None $2,689,716
213 Hartland Apartments Puyallup Pierce WA None $2,492,218
246 Virginia Square Apartments Pomona Los Angeles CA Electric $1,990,318
247 Premier Club Apartments Union City Fulton GA None $1,989,134
250 Lakeside Meadows Apartments Lakeside San Diego CA Electric $1,979,260
255 West 24th Street Apartments Hialeah Dade FL Electric, Gas $1,897,298
258 Maple Manor Apartments Fayetteville Washington AR None $1,848,871
265 Lake Margaret Village Apartments Orlando Orange FL Electric $995,578
266 Townhouse Apartments Ocala Marion FL None $768,586
267 Whispering Pines Apartments Brunswick Glynn GA Electric, Gas $1,697,565
289 Atlantic Arms Apartments Salinas Monterey CA Electric $1,386,123
293 1525 & 1535 Central Avenue Bridgeport Fairfield CT Electric $1,294,037
302 Summit Terrace Apartments Bowling Green Wood OH Electric $1,195,722
304 1883-1887 Amsterdam Avenue New York New York NY All $1,193,187
307 Desert Pines Apartments Las Vegas Clark NV Electric $1,137,537
318 Cypress Woods Apartments Phoenix Maricopa AZ Electric, Water, Heat $1,042,192
323 Terrace View (Chateau) Apartments Salinas Monterey CA None $994,153
334 Roselea Villas Sanford Seminole FL Electric, Water, Gas $847,696
338 Peppertree Apartments Waco McLennan TX None $817,309
347 Edgewood Court Apartments Bryan Brazos TX Electric $678,397
359 Citadel Apartments Bryan Brazos TX None $483,745
360 Garner Avenue Apartments Salinas Monterey CA Electric $481,215
361 1400-1410 E. Florida Long Beach Los Angeles CA Electric, Gas $452,753
362 Vance St. Apartment Building Lakewood Jefferson CO Electric $448,862
374 Mosstree Apartments North Charleston Charleston SC All $298,151
375 Kilbreth Apartments Salinas Monterey CA Electric $296,315
376 Marshall/Catamount Apartments Pittsfield Merrimack NH None $283,950
377 Sannella New York New York NY None $283,921
383 619-623 W. Brookside Colorado Springs El Paso CO Electric, Gas $199,335
390 59-61 Carlton Street Apartments Portland Cumberland ME None $134,312
$261,352,457
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
REM. TERM TO MATURITY STUDIOS 1 BEDROOMS 2 BEDROOMS
LOAN MATURITY DATE OR ARD WTD. AVG. WTD. AVG. WTD. AVG.
NO. OR ARD(5) (MOS) ELEVATOR # UNITS RENT/MONTH # UNITS RENT/MONTH # UNITS RENT/MONTH
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
1 5/1/08 117 Yes 1 441 24 2,267 8 2,540
2 5/1/08 117 Yes 17 465 51 1,048 1 N/A
3 5/1/08 117 No 1 1,140 23 1,376 9 2,306
4 5/1/08 117 Yes 10 842 25 1,309 N/A N/A
5 5/1/08 117 Yes 11 1,042 19 1,591 N/A N/A
6 5/1/08 117 Yes 16 1,017 16 1,162 4 2,073
7 5/1/08 117 No 32 654 N/A N/A N/A N/A
8 5/1/08 117 Yes 26 822 12 890 N/A N/A
9 5/1/08 117 Yes 6 841 30 1,061 N/A N/A
11 5/1/08 117 No N/A N/A 8 925 N/A N/A
13 5/1/08 117 No N/A N/A N/A N/A 2 1,250
35 1/1/08 113 Yes 48 395 288 605 240 700
58 1/1/08 113 No N/A N/A 104 552 112 768
61 6/1/08 118 No N/A N/A 48 578 80 680
62 5/1/08 117 No N/A N/A 104 761 76 917
63 4/1/08 116 No N/A N/A 211 1,226 N/A N/A
95 5/1/08 117 No N/A N/A 34 535 146 635
96 4/1/08 116 Yes 126 1,109 N/A N/A N/A N/A
98 12/1/07 112 No N/A N/A 81 538 119 638
99 1/1/06 89 No N/A N/A 16 762 92 880
106 6/1/08 118 No N/A N/A 32 514 125 620
110 11/1/05 87 No N/A N/A 134 596 82 737
111 1/1/08 113 No N/A N/A 171 454 96 570
113 4/1/08 116 No N/A N/A 36 618 76 713
114 1/1/08 113 No N/A N/A 72 431 104 532
115 7/1/08 119 No 1 450 N/A N/A 159 655
120 1/1/08 113 No N/A N/A 40 501 112 593
126 1/1/08 113 No N/A N/A 28 522 63 664
128 5/1/06 93 No N/A N/A 83 573 78 720
136 2/1/06 90 Yes N/A N/A 49 952 46 1,306
138 4/1/08 116 No 36 397 52 442 116 516
139 12/1/07 112 No N/A N/A 72 410 122 531
148 3/1/08 115 No N/A N/A 74 342 136 445
150 10/1/07 110 No 44 301 76 338 179 389
155 2/1/05 78 No N/A N/A 60 490 48 590
161 6/1/08 118 No N/A N/A 23 766 49 892
166 4/1/08 116 No N/A N/A N/A N/A 45 593
170 4/1/08 116 Yes N/A N/A 24 558 39 813
174 4/1/08 116 No N/A N/A 64 N/A 40 N/A
201 2/1/08 114 No N/A N/A 76 375 60 552
208 3/1/08 115 No N/A N/A N/A N/A 110 425
213 4/1/08 116 No N/A N/A N/A N/A 12 760
246 4/1/08 116 No N/A N/A N/A N/A 22 650
247 1/1/08 113 No N/A N/A 88 N/A N/A N/A
250 3/1/08 115 No N/A N/A 40 495 24 600
255 6/1/08 118 No N/A N/A N/A N/A 44 603
258 7/1/08 119 No N/A N/A 10 283 61 350
265 3/1/08 115 No N/A N/A 26 456 14 532
266 3/1/08 115 No N/A N/A 24 320 24 365
267 6/1/08 118 No N/A N/A 20 399 72 446
289 4/1/08 116 No N/A N/A 25 475 14 575
293 4/1/08 116 Yes 5 350 75 475 6 475
302 5/1/08 117 No N/A N/A 64 415 32 495
304 3/1/08 115 No N/A N/A 50 N/A 10 N/A
307 1/1/08 113 No N/A N/A 70 395 N/A N/A
318 2/1/08 114 No N/A N/A N/A N/A 56 529
323 5/1/08 117 No N/A N/A 16 498 19 573
334 5/1/08 117 No N/A N/A N/A N/A 38 413
338 5/1/08 117 No N/A N/A 56 335 24 405
347 5/1/08 117 No N/A N/A 2 395 32 450
359 5/1/08 117 No N/A N/A 19 375 14 450
360 5/1/08 117 No N/A N/A N/A N/A 14 553
361 11/1/07 111 No 2 395 12 475 6 575
362 5/1/08 117 No N/A N/A 1 566 15 518
374 2/1/08 114 No N/A N/A 27 268 N/A N/A
375 4/1/08 116 No N/A N/A 1 500 7 600
376 3/1/08 115 No N/A N/A 7 310 7 610
377 4/1/08 116 No N/A N/A 2 600 17 700
383 4/1/08 116 No N/A N/A 10 350 N/A N/A
390 2/1/08 114 No N/A N/A 6 513 N/A N/A
</TABLE>
- ---------------------------------------------------------------
3 BEDROOMS 4 BEDROOMS
LOAN WTD. AVG. WTD. AVG.
NO. # UNITS RENT/MONTH # UNITS RENT/MONTH
- ---------------------------------------------------------------
1 N/A N/A N/A N/A
2 1 5,726 N/A N/A
3 2 2,265 N/A N/A
4 1 1,800 N/A N/A
5 N/A N/A N/A N/A
6 N/A N/A N/A N/A
7 N/A N/A N/A N/A
8 N/A N/A N/A N/A
9 N/A N/A N/A N/A
11 N/A N/A N/A N/A
13 1 1,975 2 1,695
35 N/A N/A N/A N/A
58 24 965 N/A N/A
61 88 780 N/A N/A
62 N/A N/A N/A N/A
63 1 1,400 N/A N/A
95 28 736 N/A N/A
96 N/A N/A N/A N/A
98 N/A N/A N/A N/A
99 28 1,059 N/A N/A
106 32 721 N/A N/A
110 N/A N/A N/A N/A
111 10 685 N/A N/A
113 24 814 N/A N/A
114 52 690 N/A N/A
115 14 688 N/A N/A
120 8 718 N/A N/A
126 46 702 14 803
128 N/A N/A N/A N/A
136 N/A N/A N/A N/A
138 N/A N/A N/A N/A
139 10 685 N/A N/A
148 16 428 N/A N/A
150 1 450 N/A N/A
155 12 710 N/A N/A
161 N/A N/A N/A N/A
166 51 580 N/A N/A
170 21 887 N/A N/A
174 N/A N/A N/A N/A
201 N/A N/A N/A N/A
208 40 525 N/A N/A
213 36 827 N/A N/A
246 30 772 N/A N/A
247 N/A N/A N/A N/A
250 N/A N/A N/A N/A
255 8 698 N/A N/A
258 24 435 8 533
265 N/A N/A N/A N/A
266 N/A N/A N/A N/A
267 16 562 N/A N/A
289 N/A N/A N/A N/A
293 N/A N/A N/A N/A
302 N/A N/A N/A N/A
304 N/A N/A N/A N/A
307 N/A N/A N/A N/A
318 N/A N/A N/A N/A
323 1 N/A N/A N/A
334 N/A N/A N/A N/A
338 N/A N/A N/A N/A
347 2 500 N/A N/A
359 N/A N/A N/A N/A
360 N/A N/A N/A N/A
361 N/A N/A N/A N/A
362 1 1,160 N/A N/A
374 N/A N/A N/A N/A
375 N/A N/A N/A N/A
376 5 803 N/A N/A
377 5 775 N/A N/A
383 N/A N/A N/A N/A
390 N/A N/A N/A N/A
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