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): December 4, 1995
Commission File Number 0-13400
NTS-PROPERTIES V, a Maryland Limited Partnership
(Exact name of registrant as specified in its charter)
Maryland 61-1051452
(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
<PAGE>
Item 5. Other Items
The Partnership has obtained a commitment from an insurance company for
permanent financing in the amount of $5,100,000. The mortgage will mature
144 months from the closing date and will bear interest at a rate of 7.65%.
The repayment of the principal will be amortized over 144 months, with equal
monthly payments of principal and interest ($54,231.07). The proceeds of
the permanent financing will be used to reduce the Partnership's
approximately $6,500,000 note payable. The remaining balance (approximately
$1,400,000) of this note payable, which is due March 31, 1996, will
continued to bear interest at the Prime Rate + 1%. Although there is
currently no agreement with the bank, the Partnership anticipates being able
to negotiate a longer term arrangement with the current bank or obtain
permanent financing from other sources for the approximately $1,400,000 note
payable. There is no assurance that financing will be available to repay
the note upon its maturity, or if extended, that any available financing
will be on favorable terms. The closing date of the permanent financing is
anticipated to be sometime in January 1996.
<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.
NTS-PROPERTIES V, A MARYLAND
LIMITED PARTNERSHIP
(Registrant)
BY:NTS-Properties Associates V
BY: NTS Capital Corporation,
General Partner
/s/ John W. Hampton
John W. Hampton
Senior Vice President
Date: January 2, 1996
