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 October 23, 2000
TRUST CREATED BY PNC MORTGAGE ACCEPTANCE CORP.
(under a Pooling and Servicing Agreement dated as of
October 1, 2000, which Trust is the Issuer of
Commercial Mortgage Pass-Through Certificates 2000-C2)
(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 October 23, 2000, a single series of certificates entitled Series
2000-C2 Commercial Mortgage Pass-Through Certificates (the "Certificates"), was
issued pursuant to a pooling and servicing agreement (the "Pooling and Servicing
Agreement"), dated October 1, 2000, among PNC Mortgage Acceptance Corp., as
depositor (the "Depositor"), Midland Loan Services, Inc., as master servicer and
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 "s", 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 October 1, 2000, [except for two loans
that are as of the close of business on October 3, 2000 and October 10, 2000,]
an aggregate principal balance of $1,076,087,272, 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 Morgan Stanley Dean Witter Mortgage
Capital Inc. 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 and
Class D Certificates to Morgan Stanley & Co. Incorporated, PNC Capital Markets,
Inc., CIBC World Markets Corp. and Deutsche Bank Securities Inc. (collectively,
the "Underwriters"), pursuant to an underwriting agreement dated October 13,
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 Notional
Class Amount or Principal Balance
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Class A-1 $200,600,000
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Class A-2 $619,916,000
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Class X $1,076,087,2721
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Class B $43,044 ,000
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Class C $48,423,000
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Class D $13,452,000
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Class E $13,451,000
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Class F $18,831,000
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Class G $16,141,000
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Class H $18,832,000
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Class J $29,592,000
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Class K $8,071,000
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Class L $8,071,000
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Class M $10,761,000
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1 Notional Amount
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Class N $5,380,000
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Class O $21,522,272
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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., CIBC World Markets Corp.
and Deutsche Bank Securities Inc.
Exhibit 4.1 Pooling and Servicing Agreement dated as of October 1, 2000 by
and between PNC Mortgage Acceptance Corp, Midland Loan Services,
Inc., 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 October 1, 2000
By: /s/ Lawrence D. Ashley
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Name: Lawrence D. Ashley
Title: Senior Vice President
Date: November 6, 2000
