<PAGE>
SECURITIES AND EXCHANGE COMMISSION
Washington, DC 20549
SCHEDULE 13D
Amendment No. 2
Under the Securities Exchange Act of 1934
TIS MORTGAGE INVESTMENT COMPANY
-------------------------------
Name of Issuer
Common Stock, $.001 Par Value
-----------------------------
Title of Class of Securities
872527106
---------
CUSIP Number
Mr. John V. Winfield
The InterGroup Corporation
2121 Avenue of the Stars, Suite 2020
Los Angeles, California 90067
(310) 556-1999
_________________________________________
Name, Address and Telephone Number of Person
Authorized to Receive Notices and Communications
February 18, 1998
-----------------
Date of Event which Requires Filing of this Statement
If the filing person has previously filed a statement on Schedule 13G to report
the acquisition which is the subject of this Schedule 13D, and is filing this
schedule because of Rule 13d-1(b) (3) or (4), check the following box. [_]
Check the following box if a fee is being paid with this statement. [_]
<PAGE>
- -----------------------
CUSIP No. 872527106
- -----------------------
- ------------------------------------------------------------------------------
Name of Reporting Person
1 The Intergroup Corporation
- ------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC Use Only
3
- ------------------------------------------------------------------------------
Source of Funds
4
WC
- ------------------------------------------------------------------------------
Check if Disclosure of Legal Proceedings is Required
pursuant to Items 2(d) or 2 _____
5
- ------------------------------------------------------------------------------
Citizenship of Place of Organization
6
Delaware
- ------------------------------------------------------------------------------
Sole Voting Power
7
NUMBER OF 471,100 Shares
SHARES -----------------------------------------------------------
Shared Voting Power
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH Sole Dispositive Power
9
REPORTING 471,100 Shares
PERSON -----------------------------------------------------------
Shared Dispositive Power
WITH 10
- ------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned By Each Reporting Person
11
471,100 Shares
- ------------------------------------------------------------------------------
Check if the Aggregate Amount in Row 11 Excludes Certain Shares ______
12
- ------------------------------------------------------------------------------
Percent of Class Represented by Amount in Row 11
13
5.8%
- ------------------------------------------------------------------------------
Type of Reporting Person
14
CO
- ------------------------------------------------------------------------------
<PAGE>
- -----------------------
CUSIP No. 872527106
- -----------------------
- ------------------------------------------------------------------------------
Name of Reporting Person
1 Santa Fe Financial Corporation
- ------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC Use Only
3
- ------------------------------------------------------------------------------
Source of Funds
4
WC
- ------------------------------------------------------------------------------
Check if Disclosure of Legal Proceedings is Required
pursuant to Items 2(d) or 2 _____
5
- ------------------------------------------------------------------------------
Citizenship of Place of Organization
6
Nevada
- ------------------------------------------------------------------------------
Sole Voting Power
7
NUMBER OF 110,100 Shares
SHARES -----------------------------------------------------------
Shared Voting Power
BENEFICIALLY 8
OWNED BY
-----------------------------------------------------------
EACH Sole Dispositive Power
9
REPORTING 110,100 Shares
PERSON -----------------------------------------------------------
Shared Dispositive Power
WITH 10
- ------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned By Each Reporting Person
11
110,100 Shares
- ------------------------------------------------------------------------------
Check if the Aggregate Amount in Row 11 Excludes Certain Shares ______
12
- ------------------------------------------------------------------------------
Percent of Class Represented by Amount in Row 11
13
1.4%
- ------------------------------------------------------------------------------
Type of Reporting Person
14
CO
- ------------------------------------------------------------------------------
<PAGE>
- -----------------------
CUSIP No. 872527106
- -----------------------
- ------------------------------------------------------------------------------
Name of Reporting Person
1 John V. Winfield
- ------------------------------------------------------------------------------
Check the Appropriate Box if a Member of a Group
2 (a) [_]
(b) [X]
- ------------------------------------------------------------------------------
SEC Use Only
3
- ------------------------------------------------------------------------------
Source of Funds
4
PF
- ------------------------------------------------------------------------------
Check if Disclosure of Legal Proceedings is Required
pursuant to Items 2(d) or 2 _____
5
- ------------------------------------------------------------------------------
Citizenship of Place of Organization
6
U.S. Citizen
- ------------------------------------------------------------------------------
Sole Voting Power
7
NUMBER OF 193,000 Shares
SHARES -----------------------------------------------------------
Shared Voting Power
BENEFICIALLY 8
581,200
OWNED BY
-----------------------------------------------------------
EACH Sole Dispositive Power
9
REPORTING 193,000 Shares
PERSON -----------------------------------------------------------
Shared Dispositive Power
WITH 10
581,200
- ------------------------------------------------------------------------------
Aggregate Amount Beneficially Owned By Each Reporting Person
11
774,200 Shares
- ------------------------------------------------------------------------------
Check if the Aggregate Amount in Row 11 Excludes Certain Shares ______
12
- ------------------------------------------------------------------------------
Percent of Class Represented by Amount in Row 11
13
9.6%
- ------------------------------------------------------------------------------
Type of Reporting Person
14
IN
- ------------------------------------------------------------------------------
<PAGE>
SCHEDULE 13D
AMENDMENT NO. 2
OF MR. JOHN V. WINFIELD, THE INTERGROUP CORPORATION AND
SANTA FE FINANCIAL CORPORATION
REGARDING OWNERSHIP OF COMMON STOCK OF
TIS MORTGAGE INVESTMENT COMPANY
This Amendment No. 2 to Schedule 13D is being filed to update
information previously filed by Mr. John V. Winfield, The Intergroup
Corporation, a Delaware corporation ("Intergroup") and Santa Fe Financial
Corporation, a Nevada corporation ("Santa Fe"), in connection with additional
purchases of Common Stock, Par Value $.001 per share, (the "Shares") of TIS
Mortgage Investment Company, a Maryland corporation (the "Company") by
Intergroup and Santa Fe.
ITEM 3. SOURCE AND AMOUNT OF FUNDS OR OTHER CONSIDERATION.
-------------------------------------------------
Intergroup and Santa Fe used working capital, as their source of funds
to purchase the Shares.
ITEM 5. INTEREST IN SECURITIES OF THE ISSUER.
------------------------------------
(a) Intergroup, as of February 24, 1998, may be deemed to beneficially
own, for purpose of Section 13(d) of the Exchange Act, 471,100 Shares. Those
shares represent approximately 5.8% of the outstanding shares of Common Stock
based on the Company's representations that it had 8,105,880 shares of Common
Stock outstanding as of November 14, 1997.
Santa Fe, as of February 24, 1998, may be deemed to beneficially own,
for purposes of Section 13(d) of the Exchange Act, 110,100 Shares. Those shares
represent approximately 1.4% of the Company's outstanding Common Stock.
John V. Winfield owns 193,000 Shares. Those shares represent
approximately 2.4% of the Common Stock of the Company. To the extent that Mr.
Winfield is deemed to beneficially own, for purposes of Section 13(d), the
shares of Common Stock owned by Intergroup and Santa Fe, he would beneficially
own 774,200 shares of the Common Stock of the Company, representing
approximately 9.6% of the outstanding Common Stock.
<PAGE>
(b) As the Chairman, President, Chief Executive Officer and controlling
shareholder of Intergroup, John V. Winfield shares the voting power and
disposition power with respect to the Common Stock owned by Intergroup. As the
Chairman, President and Chief Executive Officer of Santa Fe, John V. Winfield
shares the voting power and disposition power with respect to the Common Stock
owned by Santa Fe.
John V. Winfield has sole voting power and disposition power with
respect to the Common Stock owned by him.
(c) Information with respect to transactions effected in the Common
Stock during the past sixty (60) days is set forth in Appendix I.
(d) No person other than John V. Winfield, Intergroup and Santa Fe,
and John V. Winfield as Chairman, President and Chief Executive Officer of
Intergroup and Santa Fe, has the right to receive or the power to direct the
receipt of dividends from, or the proceeds from the sale of, the shares of the
securities disclosed in Item 5(a) above.
SIGNATURES
After reasonable inquiry and to the best of my knowledge and belief,
I certify that the information set forth in this statement is true, complete and
correct.
Dated: February 27, 1998 JOHN V. WINFIELD
By: /s/ John V. Winfield
---------------------
THE INTERGROUP CORPORATION
By: /s/ John V. Winfield
---------------------
Its President, Chairman and
CEO
SANTA FE FINANCIAL CORPORATION
By: /s/ John V. Winfield
---------------------
Its President, Chairman and
CEO
<PAGE>
APPENDIX I
The following table sets forth the trade date for each purchase and sale of
Common or Preferred Stock by Mr. Winfield, Intergroup and Santa Fe, the number
of Shares purchased and sold in each such transaction and the price per share in
each such transaction effected during the past sixty (60) days. All of the
Shares were purchased in brokerage transactions on the New York Stock Exchange.
<TABLE>
<CAPTION>
No. of Shares
of Common
Stock Price per
Trade Date Person Purchased Share
- ------------------ --------------- -------------- ---------------
<C> <S> <C> <C>
12/19/97 Santa Fe 10,100 $ 1.375
12/23/97 Santa Fe 14,000 $ 1.375
12/24/97 Santa Fe 7,500 $ 1.375
12/29/97 Santa Fe 8,600 $ 1.375
12/30/97 Santa Fe 6,400 $ 1.375
12/31/97 Santa Fe 13,500 $1.3935
2/12/98 Intergroup 5,500 $1.1857
2/17/98 Intergroup 5,000 $ 1.25
2/18/98 Intergroup 12,600 $ 1.25
2/19/98 Intergroup 14,400 $ 1.25
2/24/98 Intergroup 3,500 $ 1.25
</TABLE>
