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: November 20, 2000
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., (as depositor under the Pooling
and Servicing Agreement, dated June 1, 2000, providing for the issuance of the
Salomon Brothers Mortgage Securities VII, Inc., Commercial Mortgage Pass-Through
Certificates, Series 2000-C1).
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC.
(Exact name of registrant as specified in its charter)
Delaware 333-84249-06 13-3439681
(State or other (Commission File Number) (IRS Employer
jurisdiction of Identification No.)
incorporation)
388 Greenwich Street, 4th Floor
New York, New York 10013
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code : (212) 723-8604
N/A
(Former name or former address, if changed since last report.)
<PAGE>
Item 5. Other Events.
This report and the attached exhibit is being filed pursuant to "no-action"
positions taken by the Securities and Exchange Commission with respect to
alternative means of satisfying the Registrant's reporting obligations under the
Securities Exchange Act of 1934, as amended, with respect to the Registrant's
Salomon Brothers Mortgage Securities VII, Inc., Commercial Mortgage Pass-Through
Certificates, Series 2000-C1 (the "Certificates"). The Certificates were issued,
and this report and exhibits are being filed, pursuant to the terms of the
Pooling and Servicing Agreement, dated as of June 1, 2000 (the "Agreement"),
among Salomon Brothers Mortgage Securities VII, Inc., as depositor (the
"Depositor"), GMAC Commercial Mortgage Corporation as master servicer (the
"Master Servicer"), and Norwest Bank Minnesota, National Association as trustee
(the "Trustee"). Norwest Bank Minnesota, National Association further appoints
The Chase Manhattan Bank to act as Custodian, Certificate Administrator, Tax
Administrator, and Certificate Registrar under the terms of the Agreement.
On November 20, 2000 distributions were made to the Certificateholders.
Specific information with respect to these distributions is filed as Exhibit
99.1. No other reportable transactions or matters have occurred during the
current reporting period.
Item 7. Financial Statements and Exhibits.
(a) Not applicable
(b) Not applicable
(c) The following exhibits are filed as part of this report:
Statement to Certificateholders on November 20, 2000,
as Exhibit 99.1.
<PAGE>
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 hereunto duly authorized.
THE CHASE MANHATTAN BANK,
not in its individual capacity but solely
as Custodian, Certificate Administrator,
Tax Administrator, and Certificate
Registrar under the Agreement referred
to herein
Date: November 22, 2000 By: /s/ Diane E. Wallace
Assistant Vice President
<PAGE>
INDEX TO EXHIBITS
Exhibit
Number Description of Exhibits
99.1 Statement to Certificateholders on November 20, 2000
<PAGE>
Exhibit 99.1
Monthly Certificateholder Statement on November 20, 2000
<TABLE>
<S> <C> <C>
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-C1
STATEMENT TO CERTIFICATEHOLDERS
November 20, 2000
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DISTRIBUTION IN DOLLARS
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PREPAYMENT REALIZED
ORIGINAL BEGINNING PREMIUMS/ LOSSES/ ENDING
CURRENT PASS FACE PRINCIPAL YIELD MAINT TRUST PRINCIPAL
CLASS CUSIP THROUGH RATE VALUE BALANCE PRINCIPAL INTEREST CHARGES TOTAL EXPENSES BALANCE
-----------------------------------------------------------------------------------------------------------------------------------
A1 79548K3H9 7.46000000% 127,510,000.00 125,175,504.82 515,318.29 778,174.39 0.00 1,293,492.68 0.00 124,660,186.53
A2 79548K3J5 7.52000000% 403,898,000.00 403,898,000.00 0.00 2,531,094.13 0.00 2,531,094.13 0.00 403,898,000.00
B 79548K3K2 7.52000000% 35,665,000.00 35,665,000.00 0.00 223,500.67 0.00 223,500.67 0.00 35,665,000.00
C 79548K3L0 7.52000000% 30,315,000.00 30,315,000.00 0.00 189,974.00 0.00 189,974.00 0.00 30,315,000.00
D 79548K3M8 7.52000000% 10,700,000.00 10,700,000.00 0.00 67,053.33 0.00 67,053.33 0.00 10,700,000.00
E 79548K3N6 7.52000000% 8,916,000.00 8,916,000.00 0.00 55,873.60 0.00 55,873.60 0.00 8,916,000.00
F 79548K3P1 7.52000000% 14,266,000.00 14,266,000.00 0.00 89,400.27 0.00 89,400.27 0.00 14,266,000.00
G 79548K3Q9 7.52000000% 10,700,000.00 10,700,000.00 0.00 67,053.33 0.00 67,053.33 0.00 10,700,000.00
H 79548K3S5 6.75000000% 14,266,000.00 14,266,000.00 0.00 80,246.25 0.00 80,246.25 0.00 14,266,000.00
J 79548K3U0 6.75000000% 17,832,000.00 17,832,000.00 0.00 100,305.00 0.00 100,305.00 0.00 17,832,000.00
K 79548K3W6 6.75000000% 5,350,000.00 5,350,000.00 0.00 30,093.75 0.00 30,093.75 0.00 5,350,000.00
L 79548K3Y2 7.00000000% 3,566,000.00 3,566,000.00 0.00 20,801.67 0.00 20,801.67 0.00 3,566,000.00
M 79548K4A3 7.00000000% 7,133,000.00 7,133,000.00 0.00 41,609.17 0.00 41,609.17 0.00 7,133,000.00
N 79548K4C9 7.00000000% 7,133,000.00 7,133,000.00 0.00 41,609.17 0.00 41,609.17 0.00 7,133,000.00
P 79548K4E5 7.00000000% 16,050,121.00 16,050,121.00 0.00 93,625.71 0.00 93,625.71 0.00 16,050,121.00
R 79548K4G0 0.00000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 713,300,121.00 710,965,625.82 515,318.29 4,410,414.44 0.00 4,925,732.73 0.00 710,450,307.53
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X 79548K3R7 0.87373400% 713,300,121.00 710,965,625.82 0.00 517,662.25 0.00 517,662.25 0.00 710,450,307.53
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FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
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BEGINNINNG PREPAYMENT REALIZED ENDING
PRINCIPAL PREMIUMS/YIELD LOSSES/TRUST PRINCIPAL
CLASS CUSIP FACTOR PRINCIPAL INTEREST MAINT CHARGES TOTAL EXPENSES FACTOR
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A1 79548K3H9 981.69166983 4.04139511 6.10284989 0.00000000 10.14424500 0.00000000 977.65027472
A2 79548K3J5 1,000.00000000 0.00000000 6.26666666 0.00000000 6.26666666 0.00000000 1,000.00000000
B 79548K3K2 1,000.00000000 0.00000000 6.26666676 0.00000000 6.26666676 0.00000000 1,000.00000000
C 79548K3L0 1,000.00000000 0.00000000 6.26666667 0.00000000 6.26666667 0.00000000 1,000.00000000
D 79548K3M8 1,000.00000000 0.00000000 6.26666636 0.00000000 6.26666636 0.00000000 1,000.00000000
E 79548K3N6 1,000.00000000 0.00000000 6.26666667 0.00000000 6.26666667 0.00000000 1,000.00000000
F 79548K3P1 1,000.00000000 0.00000000 6.26666690 0.00000000 6.26666690 0.00000000 1,000.00000000
G 79548K3Q9 1,000.00000000 0.00000000 6.26666636 0.00000000 6.26666636 0.00000000 1,000.00000000
H 79548K3S5 1,000.00000000 0.00000000 5.62500000 0.00000000 5.62500000 0.00000000 1,000.00000000
J 79548K3U0 1,000.00000000 0.00000000 5.62500000 0.00000000 5.62500000 0.00000000 1,000.00000000
K 79548K3W6 1,000.00000000 0.00000000 5.62500000 0.00000000 5.62500000 0.00000000 1,000.00000000
L 79548K3Y2 1,000.00000000 0.00000000 5.83333427 0.00000000 5.83333427 0.00000000 1,000.00000000
M 79548K4A3 1,000.00000000 0.00000000 5.83333380 0.00000000 5.83333380 0.00000000 1,000.00000000
N 79548K4C9 1,000.00000000 0.00000000 5.83333380 0.00000000 5.83333380 0.00000000 1,000.00000000
P 79548K4E5 1,000.00000000 0.00000000 5.83333359 0.00000000 5.83333359 0.00000000 1,000.00000000
R 79548K4G0 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000
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TOTALS 996.72719083 0.72244245 6.18311186 0.00000000 6.90555432 0.00000000 996.00474837
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X 79548K3R7 996.72719083 0.00000000 0.72572853 0.00000000 0.72572853 0.00000000 996.00474837
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If there are any questions or problems with this statement, please contact the Administrator listed below:
THOMAS M. BRITT
THE CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET, 14TH FLOOR
NEW YORK, NEW YORK 10001
TEL: 212/946-3228
<PAGE>
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-C1
STATEMENT TO CERTIFICATEHOLDERS
November 20, 2000
Available Funds 5,443,394.98
Principal Distribution Amount 515,318.29
Prepayment Interest Shortfall 0.00
Excess Interest 0.00
Extraordinary Trust Fund Expenses 0.00
Interest Reserve Account
Deposits 0.00
Withdrawals 0.00
Balance Information
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GROUP LOAN COUNT SCHEDULED BEGINNING BEGINNING BEGINNING ENDING ENDING Ending
AT BALANCE AT LOAN SCHEDULED UNPAID LOAN SCHEDULED Unpaid
SECURITIZATION SECURITIZATION COUNT BALANCE BALANCE COUNT BALANCE Balance
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1 1 638,130.36 1 635,185.18 635,185.18 1 634,507.86 634,507.86
10 1 1,441,959.68 1 1,437,994.54 1,437,994.54 1 1,437,150.30 1,437,150.30
11 1 1,106,990.73 1 1,093,813.56 1,093,813.56 1 1,090,595.02 1,090,595.02
12 1 999,938.16 1 995,365.34 995,365.34 1 994,313.64 994,313.64
13 1 1,334,047.56 1 1,330,422.48 1,330,422.48 1 1,329,652.77 1,329,652.77
14 1 1,813,445.59 1 1,804,749.93 1,804,749.93 1 1,802,733.06 1,802,733.06
15 1 1,814,130.98 1 1,808,896.49 1,808,896.49 1 1,807,765.61 1,807,765.61
16 1 1,342,654.78 1 1,336,553.93 1,336,553.93 1 1,335,150.84 1,335,150.84
17 1 2,683,469.68 1 2,676,234.38 2,678,366.89 1 2,674,700.52 2,676,234.38
18 1 952,900.75 1 950,396.70 950,396.70 1 949,870.11 949,870.11
19 13 22,978,483.49 13 22,813,531.59 22,816,727.74 13 22,771,623.62 22,777,879.96
2 1 1,068,761.10 1 1,060,539.27 1,060,539.27 1 1,058,566.72 1,058,566.72
20 235 666,015,766.41 235 663,949,860.14 664,076,547.11 235 663,500,071.60 663,595,532.18
3 1 741,137.06 1 738,858.09 738,858.09 1 738,358.50 738,358.50
4 1 516,620.50 1 514,435.74 514,435.74 1 513,941.17 513,941.17
5 1 1,743,925.69 1 1,738,602.99 1,738,602.99 1 1,737,437.55 1,737,437.55
6 1 1,285,194.53 1 1,280,969.48 1,280,969.48 1 1,280,027.89 1,280,027.89
7 1 1,083,192.32 1 1,078,369.78 1,078,369.78 1 1,077,266.58 1,077,266.58
8 1 2,105,292.43 1 2,091,594.70 2,091,594.70 1 2,088,371.65 2,088,371.65
9 1 1,634,079.51 1 1,629,251.51 1,629,251.51 1 1,628,202.52 1,628,202.52
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TOTALS 266 713,300,121.31 266 710,965,625.82 711,097,641.45 266 710,450,307.53 710,553,558.31
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Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
PERIOD NUMBER AGGREGATED PERCENTAGE
PRINCIPAL BALANCE
---------------------------------------------------------------
1 Month 0 0.00 0.00000000%
2 Months 0 0.00 0.00000000%
3+ Months 0 0.00 0.00000000%
In Foreclosure 0 0.00 0.00000000%
REO 0 0.00 0.00000000%
BANKRUPTCIES 0 0.00 0.00000000%
TOTALS 0 0.00 0.00000000%
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Percentage Preumiums/Yield Maintenance Charges
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CLASS PREPAYMENT YIELD MAINTENANCE
PREMIUM
---------------------------------------------------------------
A1 0.00 0.00
A2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
J 0.00 0.00
K 0.00 0.00
L 0.00 0.00
M 0.00 0.00
N 0.00 0.00
P 0.00 0.00
X 0.00 0.00
R 0.00 0.00
TOTALS 0.00 0.00
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<PAGE>
SALOMON BROTHERS MORTGAGE SECURITIES VII, INC., COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES SERIES 2000-C1
STATEMENT TO CERTIFICATEHOLDERS
November 20, 2000
Advance Summary
Principal & Interest Advances
Master Servicer P&I Advances Made 1,207,733.36
Master Servicer Unreimbursed P&I Advances 294,010.01
Interest Accrued and Payable to Master Servicer in Respect of P&I Advances Made 0.00
Servicing Advances
Current Servicing Advances 0.00
Outstanding Servicing Advances 0.00
Reimbursement of Interest on any Servicing Advances 0.00
Fee Summary
Master Servicing Fees 77,057.59
Special-Servicing Standby Fees 3,057.93
Trustee Fees 1,528.97
Special Servicer Fee 0.00
Workout Fee 0.00
Appraisal Reduction Amounts ---------------------------------------------------
LOAN NUMBER APPRAISAL APPRAISAL
REDUCTION EFFECTED REDUCTION AMOUNT
DATE
---------------------------------------------------
NONE
---------------------------------------------------
Interest Detail
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Class Accrued Prepayment Beginning Interest Total Certificate Ending
Certificate Interest Unpaid Loss Interest Interest Unpaid
Interest Shortfall Interest Payable Distributable Interest
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A1 778,174.39 0.00 0.00 0.00 778,174.39 778,174.39 0.00
A2 2,531,094.13 0.00 0.00 0.00 2,531,094.13 2,531,094.13 0.00
B 223,500.67 0.00 0.00 0.00 223,500.67 223,500.67 0.00
C 189,974.00 0.00 0.00 0.00 189,974.00 189,974.00 0.00
D 67,053.33 0.00 0.00 0.00 67,053.33 67,053.33 0.00
E 55,873.60 0.00 0.00 0.00 55,873.60 55,873.60 0.00
F 89,400.27 0.00 0.00 0.00 89,400.27 89,400.27 0.00
G 67,053.33 0.00 0.00 0.00 67,053.33 67,053.33 0.00
H 80,246.25 0.00 0.00 0.00 80,246.25 80,246.25 0.00
J 100,305.00 0.00 0.00 0.00 100,305.00 100,305.00 0.00
K 30,093.75 0.00 0.00 0.00 30,093.75 30,093.75 0.00
L 20,801.67 0.00 0.00 0.00 20,801.67 20,801.67 0.00
M 41,609.17 0.00 0.00 0.00 41,609.17 41,609.17 0.00
N 41,609.17 0.00 0.00 0.00 41,609.17 41,609.17 0.00
P 93,625.71 0.00 249.89 0.00 93,875.60 93,625.71 249.89
X 517,662.25 0.00 0.00 0.00 517,662.25 517,662.25 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
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TOTALS 4,928,076.69 0.00 249.89 0.00 4,928,326.58 4,928,076.69 249.89
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</TABLE>
