===============================================================================
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 7, 2000
DLJ Commercial Mortgage Corp.
(Exact Name of Registrant as Specified in Its Charter)
Delaware 333-82275-03 13-3956945
-------------------------------------------------------------------------------
(State or Other Jurisdiction (Commission (IRS Employer
of Incorporation) File Number) Identification No.)
11 Madison Avenue, New York, New York 10010
-------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
Registrant's telephone number, including area code (212) 325-2000
(Former Name or Former Address, if Changed Since Last Report)
277 Park Avenue, New York, New York 10172
-------------------------------------------------------------------------------
(Address of Principal Executive Offices) (Zip Code)
===============================================================================
<PAGE>
Item 2. Acquisition or Disposition of Assets.
On November 7, 1999, a single series of certificates entitled Series
2000-CKP1 Commercial Mortgage Pass-Through Certificates (the "Certificates"),
was issued pursuant to a pooling and servicing (the "Pooling and Servicing
Agreement"), dated as of November 1, 1999, among DLJ Commercial Mortgage Corp.
as depositor (the "Depositor"), Key Corporate Capital Inc. d/b/a Key Commercial
Mortgage as master servicer (in such capacity, the "Master Servicer") and as
special sub-servicer (in such capacity, the "Special Sub-Servicer"), Midland
Loan Services, Inc. as special servicer (the "Special Servicer") and Wells Fargo
Bank Minnesota, N.A. as trustee (the "Trustee"). The Certificates consist of 19
classes identified as the "Class S Certificates", the "Class A-1A Certificates",
the "Class A-1B Certificates", the "Class A-2 Certificates", the "Class A-3
Certificates", the "Class A-4 Certificates", the "Class B-1 Certificates", the
"Class B-2 Certificates", the "Class B-3 Certificates", the "Class B-4
Certificates", the "Class B-5 Certificates", the "Class B-6 Certificates", the
"Class B-7 Certificates", the "Class B-8 Certificates", the "Class B-9
Certificates", the "Class C Certificates", the "Class D Certificates", the
"Class E Certificates" and the "Class R 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 commercial and
multifamily mortgage loans (the "Mortgage Loans"), having, as of the close of
business on November 1, 2000 (the "Cut-off Date"), an aggregate principal
balance of $1,289,918,771 (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 certain of the Mortgage
Loans from Column Financial, Inc. ("Column"), which is an affiliate of the
Depositor and the remaining Mortgage Loans from Prudential Mortgage Capital
Funding, LLC ("PMCF") and KeyBank National Association ("KeyBank"; and, together
with Column and PMCF, the "Mortgage Loan Sellers"), which is an affiliate of the
Master Servicer and Special Sub-Servicer and McDonald Investments Inc.
("McDonald"), pursuant to certain mortgage loan purchase agreements between the
Depositor and each of the Mortgage Loan Sellers. 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-1A, Class A-1B, Class A-2,
Class A-3, Class A-4, Class B-1, Class B-2 and Class B-3 Certificates to
Donaldson, Lufkin & Jenrette Securities Corporation ("DLJSC"), Prudential
Securities Incorporated ("Prudential"), Credit Suisse First Boston Corporation
("CSFB"), McDonald and Salomon Smith Barney Inc. ("SSBI"; and, together with
DLJSC, Prudential, CSFB and McDonald, the "Underwriters"), pursuant to an
underwriting agreement dated November 7, 2000 (the "Underwriting Agreement"),
among the Depositor and the Underwriters. A form of the Pooling and Servicing
Agreement is attached hereto as Exhibit 99.1 and a form of the Underwriting
Agreement is attached hereto as Exhibit 99.2.
The Class S Certificates has an initial aggregate notional amount of
$1,289,918,771. The Class A-1A Certificates have an initial aggregate principal
balance of $210,310,000. The Class A-1B Certificates have an initial aggregate
principal balance of $789,377,000. The Class A-2 Certificates have an initial
aggregate principal balance of $51,596,000. The Class A-3 Certificates have an
initial aggregate principal balance of $58,047,000. The Class A-4 Certificates
have an initial aggregate principal balance of $16,124,000. The Class B-1
Certificates have an initial aggregate principal balance of $16,124,000. The
Class B-2 Certificates have an initial aggregate principal balance of
$25,798,000. The Class B-3 Certificates have an initial aggregate principal
balance of $12,899,000. Class B-4 Certificates have an initial aggregate
principal balance of $33,861,000. The Class B-5 Certificates have an initial
aggregate principal balance of $17,736,000. The Class B-6 Certificates have an
initial aggregate principal balance of $9,674,000. The Class B-7 Certificates
have an initial aggregate principal balance of $9,675,000. The Class B-8
Certificates have an initial aggregate principal balance
2
<PAGE>
of $16,124,000. The Class B-9 Certificates have an initial aggregate principal
balance of $6,449,000. The Class C Certificates have an initial aggregate
principal balance of $16,124,771.
Capitalized terms used herein and not otherwise defined shall have the
respective meanings assigned to them in the Pooling and Servicing Agreement.
Item 7. Financial Statements and Exhibits.
(a) Financial statements of businesses acquired:
Not applicable.
(b) Pro forma financial information:
Not applicable.
(c) Exhibits:
Exhibit No. Description
99.1 Pooling and Servicing Agreement.
99.2 Underwriting Agreement.
3
<PAGE>
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.
Date: November 7, 1999
DLJ COMMERCIAL MORTGAGE CORP.
By: /S/ N. DANTE LAROCCA
----------------------------
Name: N. Dante LaRocca
Title: Senior Vice President
4
<PAGE>
EXHIBIT INDEX
The following exhibits are filed herewith:
Exhibit No.
99.1 Pooling and Servicing Agreement.
99.2 Underwriting Agreement.
5
