<PAGE>1
_______________________________________________________________________________
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
---------------
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d) of the
Securities and Exchange Act of 1934
Date of Report (Date of earliest event reported): November 6, 1996
MERRILL LYNCH MORTGAGE INVESTORS, INC.
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(Exact name of registrant as specified in its governing instruments)
Delaware 333-1704 13-3416059
- ---------------------------- ------------------------- ------------------
(State or other jurisdiction (Commission File Numbers) (I.R.S. Employer
of Incorporation) Identification No.)
World Financial Center
North Tower
New York, New York 10281
----------------------------------------
(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (212) 449-0336
Exhibit Index appears on
page 5
________________________________________________________________________________
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Item 5. Other Events
On or about November 25, 1996, the Registrant will cause
the issuance and sale of approximately $1,001,713,000 initial principal
amount of Mortgage Pass-Through Certificates, Series 1996-C2, Class A-1, Class
A-2, Class A-3, Class B, Class C, Class D, Class E, Class IO, Class F, Class
G, Class H, Class R-I, Class R-II and Class R-III (collectively, the
"Certificates") pursuant to a Pooling and Servicing Agreement to be dated
as of November 1, 1996, among the Registrant, First Union National Bank of
North Carolina as master servicer, Criimi Mae Services Limited Partnership,
as special servicer and State Street Bank & Trust Company, as trustee (the
"Pooling and Servicing Agreement").
In connection with the sale of the Series 1996-C2 Class
A-1, Class A-2, Class A-3, Class B, Class C, Class D, Class E and
Class IO Certificates (collectively, the "Underwritten Certificates"), the
Registrant has been advised by Merrill Lynch, Pierce, Fenner & Smith
Incorporated (an "Underwriter") that the Underwriter has, following the
effective date of Registration Statement No. 333-1704, furnished to one or
more prospective investors on November 6, 1996 a Collateral Term Sheet
setting forth certain information about certain of the mortgage loans
expected to be deposited in trust under the Pooling and Servicing Agreement
(the "Collateral Term Sheet"). This Collateral Term Sheet is being filed as
an exhibit to this report.
The Collateral Term Sheet has been provided by the
Underwriter. The information in the Collateral Term Sheet is preliminary and
will be superseded by the Prospectus Supplement relating to the Underwritten
Certificates and by any other information subsequently filed with the
Securities and Exchange Commission.
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Item 7. Financial Statements and Exhibits
(a) Financial Statements.
Not applicable.
(b) Pro Forma Financial Information
Not applicable.
(c) Exhibits
Item 601(a) of Regulation
Exhibit Number S-K Exhibit No. Description
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1 99 Collateral Term Sheet
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<PAGE>4
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 hereunto duly authorized.
MERRILL LYNCH MORTGAGE INVESTORS, INC.
By: /s/ Michael M. McGovern
-----------------------------
Name: Michael M. McGovern
Title: Secretary and Director
Dated: November 8, 1996
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EXHIBIT INDEX
Item 601(a) of Regulation
Exhibit Number S-K Exhibit No. Description
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1 99 Collateral Term Sheet
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<PAGE>1
<TABLE>
<CAPTION>
Hotel All-Loans
11/1/96
Control_Number Property_Name Property_Type Current_Loan_Amount
CNTRL_NU PROPNAME MAJORTYPE2 CURRBAL
- ----------------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
112 Days Inn - Flagstaff Hospitality 1,645,843.44
156 Comfort Inn - Mt. Airy Hospitality 2,596,631.23
168 Comfort Inn - Simpsonville Hospitality 2,500,000.00
260 Homestead Lodge Hospitality 2,094,256.70
282 Super 8 Motel Hospitality 1,645,658.69
307 Shilo Inn-Portland Airport/I-205 Hospitality 14,729,334.62
299 Shilo Inn-Salem Suites Hospitality 5,462,336.30
303 Shilo Inn-Seaside Oceanfront Resort Hospitality 9,496,676.08
300 Shilo Inn-Tacoma Hospitality 6,760,514.94
350 Horwitz-Ramada Inn - Beaverton Hospitality 4,900,000.00
351 Horwitz-Ramada Inn - Corvallis Hospitality 5,750,000.00
352 Horwitz-Ramada Inn - Portland Hospitality 7,800,000.00
353 Ramada Inn - Seattle Hospitality 7,850,000.00
331 Holiday Inn Express Hospitality 2,800,000.00
316 Howard Johnson - Delk Road Hospitality 2,500,000.00
291 Days Inn Six Flags Hospitality 1,797,705.42
334 Comfort Inn - Panama City Hospitality 3,161,000.00
289 Days Inn North Hospitality 1,720,000.00
296 Days Inn South Hospitality 2,300,000.00
348 Comfort Inn Columbia Hospitality 1,850,000.00
349 Comfort Inn Sugar Creek Hospitality 2,200,000.00
345 Estes - Best Western - Orlando Hospitality 21,000,000.00
342 Estes - Hojo Main Gate - Kissimmee Hospitality 5,110,000.00
------------------------
23 117,469,957.43
Amortization_Term Loan_Term Remaining_Amort Remaining_Term
AMORT TERM REMAMORT REMTERM
- ---------------------------------------------------------------------
<C> <C> <C> <C>
240 120 238 118
240 120 239 119
180 180 180 180
240 240 238 238
240 240 238 238
240 240 239 239
240 240 239 239
240 240 239 239
240 240 239 239
240 240 240 240
252 252 252 252
240 240 240 240
264 264 264 264
240 240 240 240
240 180 240 180
240 240 239 239
240 240 240 240
240 240 240 240
240 240 240 240
240 240 240 240
240 240 240 240
264 264 264 264
264 264 264 264
- -----------------------------------------------------------------
246 241 246 240
</TABLE>
Investors should read the Underwriter's Statement
which accompanies these Computational Materials. If
the Statement is not attached please contact your
account representative. Do not use or rely on this
information if you have not received and reviewed
the Statement.
These Computational Materials have been based upon
the assumptions described above. These assumptions
will most likely not represent the actual experience
of the Mortgage Pool in the future. The Computational
Materials are intended to illustrate variations to
yield on the Offered Certificates under such
assumptions. No representation is made herein as to
the actual rate or timing of principal payments or
prepayments on any of the underlying Mortgage Loans
in the Mortgage Pool or the actual performance
characteristics of the Offered Certificates.
