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SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 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 reported) June 28, 2000
Salomon Brothers Mortgage Securities VII, Inc.
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(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-84249-06 13-2439681
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(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
388 Greenwich Street, New York, New York 10013
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(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 783-5635
Seven World Trade Center, New York, New York, 10048
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(Former Name or Former Address, if Changed Since Last Report)
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Item 5. Other Events.
On June 28, 2000, a single series of certificates, entitled Salomon
Brothers Mortgage Securities VII, Inc., Commercial Mortgage Pass-Through Series
2000-C1 (the "Certificates"), was issued pursuant to a pooling and servicing
agreement (the "Pooling and Servicing Agreement"), dated as of June 1, 2000,
among Salomon Brothers Mortgage Securities VII, Inc. as depositor (the
"Depositor"), Salomon Brothers Realty Corp. ("SBRC") and Greenwich Capital
Financial Products, Inc. ("GCFP") as mortgage loan sellers (SBRC and GCFP
together in such capacity, the "Mortgage Loan Sellers"), GMAC Commercial
Mortgage Corporation as master servicer (the "Master Servicer"), and special
servicer (the "Special Servicer"), and Norwest Bank Minnesota, National
Association as trustee (the "Trustee"). The Certificates will consist of 18
classes identified as the "Class X Certificates", the "Class A-1 Certificates",
the "Class A-2 Certificates", the "Class B Certificates", the "Class C
Certificates", the "Class D Certificates", the "Class E Certificates", the
"Class F Certificates", the "Class G Certificates", the "Class H Certificates",
the "Class J Certificates", the "Class K Certificates", the "Class L
Certificates", the "Class M Certificates", the "Class N Certificates", the
"Class P Certificates", the "Class R Certificates" and the "Class Y
Certificates", respectively. The Certificates were issued in exchange for and
to evidence the entire beneficial ownership interest in, the assets of a trust
fund (the "Trust Fund"), consisting primarily of a segregated pool (the
"Mortgage Pool") of 266 multifamily and commercial mortgage loans (the "Mortgage
Loans") having, as of the close of business on June 1, 2000 (the "Cut-off
Date"), an aggregate principal balance of $713,300,121 (the "Initial Pool
Balance"), after taking into account all payments of principal due on the
Mortgage Loans on or before such date, whether or not received. The Depositor
acquired the Mortgage Loans from the Mortgage Loan Sellers, pursuant to certain
mortgage loan purchase agreements between the Depositor and each of the Mortgage
Loan Sellers. SBRC is an affiliate of the Depositor. The Depositor transferred
the Mortgage Loans to the Trustee for the benefit of the holders of the
Certificates. The Depositor sold the Class X, Class A-1, Class A-2, Class B,
Class C, Class D, Class E, Class F and Class G Certificates to Salomon Smith
Barney Inc. ("SSBI"), Greenwich Capital Markets, Inc. ("Greenwich Capital" and
Chase Securities Inc. ("Chase") as underwriters (SSBI, Greenwich Capital and
Chase together in such capacity, the "Underwriters"), pursuant to an
underwriting agreement dated as of June 5, 2000 (the "Underwriting Agreement"),
among the Sponsor and the Underwriters. A form of the Pooling and Servicing
Agreement is attached hereto as Exhibit 99.1, and a form of Underwriting
Agreement is attached hereto as Exhibit 99.2.
The Class A-1 Certificates have an initial aggregate principal balance
(a "Certificate Balance") of $127,510,000. The Class A-2 Certificates have an
initial Certificate Balance of $403,898,000. The Class B Certificates have an
initial Certificate Balance of $35,665,000. The Class C Certificates have an
initial Certificate Balance of $30,515,000. The Class D Certificates have an
initial Certificate Balance of $10,700,000. The Class E Certificates have an
initial Certificate Balance of $8,916,000. The Class F Certificates have an
initial Certificate Balance of $14,266,000. The Class G Certificates have an
initial notional amount of $10,700,000. The Class X Certificates have an
initial notional amount of $713,800,121.
Capitalized terms used herein and not otherwise defined shall have the
meanings assigned to them in the Pooling and Servicing Agreement.
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Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired:
Not applicable.
(b) Pro Forma financial information:
Not applicable.
(c) Exhibits:
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Exhibit No. Description
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99.1 Pooling and Servicing Agreement
99.2 Underwriting Agreement
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
Registrant has duly caused this report to the signed on its behalf by the
undersigned, thereunto duly authorized.
Date: July __, 2000
SALOMON BROTHERS MORTGAGE
SECURITIES VII, INC.
By: /s/ Angela Hutzel
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Name: Angela Hutzel
Title: Assistant Vice President
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EXHIBIT INDEX
The following exhibits are filed herewith:
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Exhibit No.
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99.1 Pooling and Servicing Agreement
99.2 Underwriting Agreement
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