UNITED STATES
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) May 14, 1996 (March 29, 1996)
Commission File Number 0-11655
NTS-PROPERTIES IV
(Exact name of registrant as specified in its charter)
Kentucky 61-1026356
(State or other jurisdiction of (I.R.S. Employer Identification
incorporation or organization) No.)
10172 Linn Station Road
Louisville, Kentucky 40223
(Address of principal executive (Zip Code)
offices)
Registrant's telephone number,
including area code (502) 426-4800
Not Applicable
Former name, former address and former fiscal year,
if changed since last report
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Item 5. Other Items
The Lakeshore/University II Joint Venture, in which NTS-Properties
IV has an 18% interest, has obtained a commitment from an insurance
company for permanent financing in the amount of $17,400,000. The
mortgage will mature twelve years from the loan closing date and
will bear interest at a fixed rate of 8.125%. The repayment of the
principal will be amortized over 12 years with monthly payments of
principal and interest in the amount of $189,541. The proceeds of
the permanent financing will be used to pay off the Joint Venture's
current debt financings of approximately $16.9 million which bear
interest at a fixed rate of 10.6%. The remaining proceeds will be
used to fund Joint Venture tenant finish improvements, leasing
costs and loan closing costs. The closing date of the permanent
financing is expected to take place before June 30, 1996.
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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.
NTS-PROPERTIES IV
(Registrant)
BY: NTS-Properties Associates IV
BY: NTS Capital Corporation,
General Partner
/s/ John W. Hampton
John W. Hampton
Senior Vice President
Date: May 14, 1996
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