UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 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 June 29, 2000
TRUST CREATED BY PNC MORTGAGE ACCEPTANCE CORP.
(under a Pooling and Servicing Agreement dated as of
June 1, 2000, which Trust is the Issuer of
Commercial Mortgage Pass-Through Certificates 2000-C1)
(Exact name of registrant as specified in its charter)
Missouri 333-95447-01 Applied For
(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of incorporation) Identification)
210 West 10th Street, 6th Floor, Kansas City Missouri 64105
(Address of principal executive offices) (zip code)
Registrant's telephone number, including area code: 816-435-5000
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Item 2. Acquisition or Disposition of Assets.
On June 29, 2000, a single series of certificates entitled Series
2000-C1 Commercial Mortgage Pass-Through Certificates (the "Certificates"), was
issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), dated June 1, 2000, among PNC Mortgage Acceptance Corp., as
depositor (the "Depositor"), Midland Loan Services, Inc., as master servicer,
GMAC Commercial Mortgage Corporation, as special servicer, LaSalle Bank National
Association, as trustee (the "Trustee"), and ABN AMRO Bank N.V., as fiscal
agent. The Certificates consist of 20 classes identified as the "Class A-1
Certificates", the "Class A-2 Certificates", the "Class X 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 O Certificates", the "Class V
Certificates", the "Class R-I Certificates", the "Class R-II Certificates" and
the "Class R-III Certificates", respectively. The Certificates were issued in
exchange for, and to evidence the entire beneficial ownership interest in, the
assets of a trust fund consisting primarily of a segregated pool of commercial
and multifamily loans (the "Mortgage Loans"), having, as of the close of
business on June 1, 2000, an aggregate principal balance of $801,024,722, 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 Midland Loan Services, Inc. ("MLS"), CIBC Inc. and Residential
Funding Corporation pursuant to certain mortgage loan purchase agreements
between said respective parties and the Depositor. The Depositor caused the
Mortgage Loans to be transferred to the Trustee for the benefit of the holders
of the Certificates. The Depositor sold the Class A-1, Class A-2, Class B, Class
C, Class D and Class E Certificates to Morgan Stanley & Co. Incorporated, PNC
Capital Markets, Inc. and CIBC World Markets Corp. (collectively, the
"Underwriters"), pursuant to an underwriting agreement dated June 15, 2000 (the
"Underwriting Agreement") among the Depositor, MLS and the Underwriters. The
Pooling and Servicing Agreement is attached hereto as Exhibit 4.1 and the
Underwriting Agreement is attached hereto as Exhibit 1.1.
The initial notional amount or principal balance for each class of
Certificates (other than the Class V, Class R-I, Class R-II and Class R-III
Certificates which do not have a principal balance or notional amount) are set
forth below.
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Initial Aggregate Notational
Class Amount or Principal Balance
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Class A-1 $152,026,000
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Class A-2 $460,741,000
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Class X $801,024,722 (1)
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Class B $34,046,000
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Class C $34,047,000
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Class D $10,014,000
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Class E $26,036,000
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Class F $12,016,000
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Class G $12,017,000
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Class H $18,024,000
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Class J $8,011,000
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Class K $7,010,000
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Class L $8,011,000
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Class M $7,010,000
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Class N $4,005,000
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Class O $8,010,722
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(1)Notional Amount
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits
Exhibit 1.1 Underwriting Agreement by and between PNC Mortgage Acceptance
Corp, Midland Loan Services, Inc., Morgan Stanley & Co.
Incorporated, PNC Capital Markets, Inc., and CIBC World Markets
Corp.
Exhibit 4.1 Pooling and Servicing Agreement dated as of June 1, 2000 by and
between PNC Mortgage Acceptance Corp, Midland Loan Services, Inc.,
GMAC Commercial Mortgage Corporation, LaSalle Bank National
Association and ABN AMRO Bank N.V.
SIGNATURES
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Pursuant to the requirements of the Securities Exchange Act of 1934, as
amended, the Registrant has duly caused this report to be signed on its behalf
by the undersigned hereunto duly authorized.
MIDLAND LOAN SERVICES, INC., not in its individual
capacity but solely as a duly authorized agent of
Registrant pursuant to Section 3.20 of the Pooling
and Servicing Agreement dated as of June 1, 2000
By: /s/ Lawrence D. Ashley
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Name: Lawrence D. Ashley
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Title: Senior Vice President
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Date: June 29, 2000
