MORGAN STANLEY CAPITAL I INC
8-K, 1998-03-17
ASSET-BACKED SECURITIES
Previous: CORTLAND TRUST INC, 497, 1998-03-17
Next: UNCOMMON VALUES UNIT TRUST 1985 SER & SUBSEQ & SIMILAR SERIE, NSAR-U, 1998-03-17



                       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): March 15, 1998

                          MORGAN STANLEY CAPITAL I INC.
             (Exact name of registrant as specified in its charter)



       DELAWARE                    333-45467                  13-3291626
(State or Other Jurisdiction      (Commission               (I.R.S. Employer
 Incorporation)                   File Number)           Identification Number)

                           ---------------------------

                                  1585 Broadway
                                    2nd Floor
                            New York, New York 10036
                          (principal executive offices)
                                 (212) 761-4000

Item 5. OTHER EVENTS

 Description of the Certificates

     Morgan Stanley Capital I Inc. (the "Depositor") will cause to be filed with
the Securities and Exchange Commission (the "Commission") pursuant to the
Commission's Rule 424 a Prospectus Supplement and the Prospectus filed as part
of Registration Statement, File No. 333-45467, in connection with the
Depositor's issuance of a series of certificates, entitled Commercial Mortgage
Pass-Through Certificates, Series 1998-HF1 (the "Certificates"), to be issued
pursuant to a pooling and servicing agreement among the Depositor, AMRESCO
Services, L.P., as master servicer, Lennar Partners, Inc., as special servicer,
LaSalle National Bank, as Trustee and ABN AMRO Bank, N.V., as fiscal agent.

 Computational Materials

     Morgan Stanley & Co. Incorporated and/or Merrill Lynch, Pierce, Fenner &
Smith Incorporated, as underwriters of certain of the Certificates
(collectively, the "Underwriters") have provided certain prospective purchasers
of the Class A1, Class A2, Class X-1, Class X-2, Class B, Class C, Class D and
Class E Certificates (collectively, the "Offered Certificates") with certain
yield tables and other computational materials, collateral term sheets and
structural term sheets (the "Computational Materials") in written form, which
Computational Materials are in the nature of data tables and term sheet
information relating to the assets of the trust fund in which the Certificates
represent beneficial ownership, the structure of the Certificates and terms of
certain classes of


<PAGE>


Certificates, and the hypothetical characteristics and hypothetical performance
of certain classes of Certificates based on collateral information provided by
Heller Financial Capital Funding, Inc. and/or Morgan Stanley Mortgage Capital
Inc. and under certain assumptions and scenarios.

Item 7. FINANCIAL STATEMENTS AND EXHIBITS

     (a)  Not applicable

     (b)  Not applicable

     (c)  Exhibits

EXHIBIT NO. 99 DESCRIPTION

     Computational Materials (as defined in Item 5) that have been provided by
the Underwriters to certain prospective purchasers of the Offered Certificates.

                                    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.

Dated: March 16, 1998


MORGAN STANLEY CAPITAL I INC.


By:    /s/ Russell Rahbany
       -----------------------------
Name:  Russell Rahbany
Title: Vice President








                                 EXHIBIT NO. 99








<PAGE>


<TABLE>
<CAPTION>
                                                        HELLER/MSMC 1998 HF-1
- ------------------------------------------------------------------------------------------------------------------------------------

                                                       Multiple Property Loans

Loan                                                                                                                            Zip
 No.    Deal Name                       Property Name                       Address                           City      State  code
- ------------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                                 <C>                                 <C>          <C>  <C>
173  Lake Haven                      Tall Pines                          960 Flyer & Deval Road              Sullivan     NY   13082
173  Lake Haven                      Lake Haven                          11003-39 Grays Corner Rd.           Berlin       MD   21811
                                                                                                            
129  Mariah Park                     Victoria Estates MHC                530 SE 197th Avenue                 Gresham      OR   97233
129  Mariah Park                     Tower  Estates                      29th and Country Club Avenue        Troutdale    OR   97060
129  Mariah Park                     Mariah Park                         N. 4th Avenue and Davis Street      Cornelius    OR   97113
                                                                                                          
 15  Fleming Portfolio -                                                                                  
     1450 North Dysart Road          1988 North Alma School Road         1988 North Alma School Road         Chandler     AZ   85224
 15  Fleming Portfolio -                                                                                  
     1450 North Dysart Road          725 West Baseline Road              725 West Baseline Road              Tempe        AZ   85283
 15  Fleming Portfolio -                                                                                                           
     1450 North Dysart Road          5246 East Brown Road                5246 East Brown Road                Mesa         AZ   85205
 15  Fleming Portfolio -                                                                                  
     1450 North Dysart Road          1645 West Valencia Road             1645 West Valencia Road             Tucson       AZ   85746
 15  Fleming Portfolio -                                                                                  
     1450 North Dysart Road          9460 East Golf Links Road           9460 East Golf Links Road           Tucson       AZ   85730
 15  Fleming Portfolio -             Fleming Portfolio - 1450 North                                                                
     1450 North Dysart Road          Dysart Road                         1450 North Dysart Road              Avondale     AZ   85323

144  Everett Mall Mini Storage       Everett Mall Industrial             10011 3rd Avenue SE                 Everett      WA   98208
144  Everett Mall Mini Storage       Everett Mall Mini Storage           10011 3rd Avenue                    Everett      WA   98208

 96  Triton Valley Estates -         Triton Valley Estates -
     Arcade MHC                      East Aurora                         Hemstreet and Porterville Roads     Marilla      NY   14052
 96  Triton Valley Estates -         Triton Valley Estates -
     Arcade MHC                      Angola MHC                          8157 Erie Road                      Angola       NY   14006
 96  Triton Valley Estates -         Triton Valley Estates -
     Arcade MHC                      Arcade MHC                          6070 Michigan Road                  Arcade       NY   14009

267  Rayford Professional Bldg.      Tracy Portfolio - Montgomery
                                     County Self Storage                 25350 Budde Road                    Spring       TX   77380
267  Rayford Professional Bldg.      Rayford Professional Bldg.          25000 Pitkin Road                   Spring       TX   77386

  4  Silver Lake SSF                 Mill Creek SSF                      18205 Bothell Everett Highway       Bothell      WA   68012
  4  Silver Lake SSF                 Alderwood SSF                       16902 28th Avenue West              Lynnwood     WA   98037
  4  Silver Lake SSF                 Puyallup South Hill SSF             9109 109th St. E.                   Puyallup     WA   98373
  4  Silver Lake SSF                 Auburn - Kent SSF                   1721 S. Central                     Kent         WA   98032
  4  Silver Lake SSF                 Eagle SSF                           6432 233rd Place SE                 Woodinville  WA   98072
  4  Silver Lake SSF                 Silver Lake SSF                     10208 19th Avenue SE                Everett      WA   98208

284  5 Walbridge Street              1350 Commonwealth Avenue            1350 Commonwealth Avenue            Boston       MA   
284  5 Walbridge Street              5 Walbridge Street                  5 Walbridge Street                  Boston       MA   02139

225  25 WALBRIDGE                    99-109 Brainard Road                99-109 Brainard Road                Boston       MA   
225  25 WALBRIDGE                    25 WALBRIDGE                        25 Walbridge Street                 Boston       MA   02139
                                                                                                             
 23  College Station Apartments      Yellow House Apartments             1809D Yellow House Street           College      TX   77845
                                                                                                             Station 
 23  College Station Apartments      Brazos House Apartments             2401 Welch Avenue                   College      TX   77845
                                                                                                             Station 
 23  College Station Apartments      Navarro Fourplexes                  700-814 Navarro                     College      TX   77845
                                                                                                             Station 
</TABLE>


<PAGE>


<TABLE>
<CAPTION>
                                                        HELLER/MSMC 1998 HF-1
- ------------------------------------------------------------------------------------------------------------------------------------

                                                       Multiple Property Loans

Loan                                                                                                                            Zip
 No.    Deal Name                       Property Name                       Address                           City      State  code
- ------------------------------------------------------------------------------------------------------------------------------------
<S>  <C>                             <C>                                 <C>                                 <C>          <C>  <C>
 23  College Station Apartments      Longmire House Apartments           2300, 2302, 2304, 2306, 2308, 2310, College                
                                                                         2312 Longmire Street                Station      TX   77845
 23  College Station Apartments      Hawk Tree Properties                1433-1435, 1437-1439, 1441-1443,
                                                                         1501-1503,1505-1507, 1509--1511,
                                                                         1513-1515, 1517-1519,               College                
                                                                         1521-23-23A Hawk Tree Drive         Station      TX   77845
 23  College Station Apartments      Wilde Oak Duplexes                  1812, 1814, 1831, 1833, 1824
                                                                         Wilde Oak Circle                    Bryan        TX   77845
 23  College Station Apartments      Briar Oak Fourplexes                1810-1826, 1900-1916, 1901, 1918,   College                
                                                                         1835, 1837 Briar Oaks Drive         Station      TX   77845
 23  College Station Apartments      Pecan Ridge Duplexes                3600-3615, Mahan; 3601, 3602-3612,
                                                                         3605-3615 Comanche; 3600-3612,      College                
                                                                         3609-3613 Western                   Station      TX   77845
 23  College Station Apartments      Prairie Flower Fourplexes           2901, 2903, 2905, 2907, 2909 
                                                                         Priarie Flower Street               Bryan        TX   77845

233  Memorial Crossing               Memorial Crossing                   101st Street & South Memorial Drive Tulsa        OK   74133
233  Memorial Crossing               Memorial Crossing                   71st Street & South Garnett Road    Tulsa        OK   74133

 55  Lake Forest Office              Lake Forest Office                  22481 Aspan Street                  Lake Forest  CA   92630
 55  Lake Forest Office              Lake Forest Office                  22471 Aspan Street                  Lake Forest  CA   92630
 55  Lake Forest Office              Lake Forest Office                  23101 Lake Center                   Lake Forest  CA   92630
 55  Lake Forest Office              Lake Forest Office                  23161 Lake Center                   Lake Forest  CA   92630
</TABLE>




© 2022 IncJournal is not affiliated with or endorsed by the U.S. Securities and Exchange Commission