<PAGE>
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): October 25, 1999
MERRILL LYNCH MORTGAGE INVESTORS, INC.
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(Exact name of registrant as specified in its governing instruments)
Delaware 333-38073 13-3416059
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(State or other jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
World Financial Center
North Tower
New York, New York 10281
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(Address of Principal Executive Offices)
Registrant's telephone number, including area code: (212) 449-3860
<PAGE>
Item 5. Other Events.
On or about November 4, 1999, the Registrant will cause the issuance and
sale of its Mortgage Pass-Through Certificates, Series 1999-C1 pursuant to a
Pooling and Servicing Agreement to be dated as of November 1, 1999, among the
Registrant, ORIX Real Estate Capital Markets, LLC, as master servicer, ORIX Real
Estate Capital Markets, LLC, as special servicer, and Norwest Bank Minnesota,
National Association, as trustee (the "Pooling and Servicing Agreement").
In connection with the sale of the Series 1999-C1, Class A-1, Class A-2,
Class B, Class C, Class D, Class E, Class F and Class IO Certificates (the
"Underwritten Certificates"), the Registrant has been advised by Merrill Lynch,
Pierce, Fenner & Smith Incorporated, one of the underwriters of the Underwritten
Certificates ("Merrill Lynch"), that Merrill Lynch has, following the effective
date of Registration Statement No. 333-38073, furnished to prospective investors
certain information about the mortgage loans expected to be deposited in trust
under the Pooling and Servicing Agreement (the "Collateral Information"). The
Collateral Information is being filed as an exhibit to this report.
The Collateral Information has been provided by Merrill Lynch. The
Collateral Information is preliminary and may be superseded by the Prospectus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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<PAGE>
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 Information
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<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 hereunto duly authorized.
MERRILL LYNCH MORTGAGE INVESTORS, INC.
By: /s/ Michael M. McGovern
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Name: Michael M. McGovern
Title: Secretary and Director
Dated: October 27, 1999
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<PAGE>
EXHIBIT INDEX
The following exhibit is being filed herewith:
Item 601(a) of
Regulation
Exhibit Number S-K Exhibit No. Description Page
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1 99 Collateral Information 6
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<PAGE>
<TABLE>
Commercial Loans - Major Tenants
MLMI 1999-C1
<CAPTION>
Control Property Cut-Off Date Current Loan per
No. Property Name Type Balance LTV Dscr Sq. Ft. Sq. Ft.
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
PW-7905 Blue Cross Blue Shield Building Office 25,288,017 55.24 1.79 348,410 73
ML-117 Pond View Corporate Center Office 20,930,804 72.18 1.25 232,538 90
ML-156 College Square Retail 18,825,623 75.60 1.25 180,523 104
PW-8202 First American Building Office 18,568,200 76.10 1.26 230,700 80
ORIX-3325 Lakeside Plaza Office Center Office 18,170,833 72.68 1.27 213,613 85
ORIX-2965 Frazier-King Building Office 16,439,315 71.48 1.27 142,769 115
ORIX-3452 250 Plaza Office Building Office 14,973,946 74.87 1.27 186,924 80
ML-147 Quail Park IV Office 11,004,848 70.32 1.26 103,332 106
ORIX-3208 Putnam Plaza Retail 9,540,721 72.83 1.29 151,778 63
ML-143 Lambda Building Industrial 9,338,999 69.69 1.25 194,000 48
ORIX-3108 Centre East Shopping Center Retail 8,966,895 71.74 1.30 119,982 75
ML-112 Hempstead Village Commons Retail 8,907,379 77.46 1.25 66,127 135
PW-7942 Bend River Mall Retail 8,490,237 53.06 1.73 229,091 37
ORIX-3257 Spectrum Club - Thousand Oaks Health Club 8,394,533 64.57 1.40 79,015 106
ML-101 1100 W. Ewing Street Industrial 8,269,850 68.92 1.40 155,763 53
ORIX-3100 HKS Building Office 7,983,038 66.53 1.27 114,174 70
ML-114 247 and 251-253 West 34th St. Retail 6,982,314 60.19 1.46 6,825 1,023
ML-115 9033 Wilshire Medical Bldg Mixed 6,879,600 77.30 1.26 44,450 155
PW-8028 Tops Appliance Building Retail 6,789,386 70.72 1.39 40,000 170
PW-7562 401 N. Broad Street Office 6,690,463 79.65 3.89 1,293,000 5
ML-134 2551 Tellabs Dr. Building Industrial 6,252,260 78.15 1.26 145,800 43
ORIX-3266 Northpark Plaza Retail 6,243,842 76.14 1.30 45,653 137
ORIX-3115 The Financial Center Office 6,196,394 63.88 1.32 57,046 109
PW-6410 Gateway Plaza Retail 6,094,764 78.14 1.21 143,686 42
ORIX-2939 Beverly Hills Medical Tower Office 5,654,146 74.40 1.25 46,060 123
ORIX-3288 Bayshore Executive Plaza Office 5,308,658 74.77 1.32 94,539 56
ORIX-3151 Spring Cypress Village Shopping Center Retail 4,976,440 66.35 1.38 100,793 49
ORIX-1825 The Bayview Office Building Office 4,843,129 73.38 1.49 83,905 58
PW-8064 Office Max Retail 4,792,697 78.96 1.23 24,454 196
ML-136 Breckenridge Farms Retail 4,643,851 66.48 1.41 66,691 70
ORIX-3256 Kingstown Plaza Shopping Center Retail 4,208,441 62.81 1.30 87,440 48
ML-152 Augusta Office Building Office 4,165,046 74.38 1.35 61,241 68
PW-7790 Smithtown Bypass Office 3,898,646 68.40 1.27 57,798 67
PW-8694 Eckerd's Building Industrial 3,698,575 78.69 1.20 113,175 33
ML-148 Torrey Hills Corporate Centre Office 3,520,816 70.42 1.25 24,500 144
ORIX-3438 Raymour & Flanigan - Southampton Retail 3,282,897 69.11 1.35 50,353 65
PW-6482A Ramsey Street Office Building Office 918,191 14,136 65
PW-6482B Yadkin Road Building Office 384,208 7,333 52
PW-6482C Cliffdale Road Office Building Office 1,022,383 13,760 74
PW-6482D Henderson Drive Office Building Office 931,215 12,424 75
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PW-6482 Fayetteville/Jacksonville Office Portfolio 3,255,996 67.69 1.41 47,653 68
ML-139 Dobson Guadalupe Plaza Retail 3,216,174 78.44 1.35 35,249 91
PW-7789 Lexus Training Center Industrial 3,048,754 76.22 1.25 38,000 80
ORIX-3356 Hardaway Office Building Office 2,994,997 61.12 1.55 76,760 39
ORIX-3161 Woodland Park Plaza Retail 2,893,491 76.14 1.25 23,868 121
ORIX-2187 Arsenal Street Shopping Center Retail 2,809,853 74.53 1.37 99,074 28
ML-110 Moulton Plaza Retail 2,538,293 73.04 1.36 17,117 148
PW-7064 Oklahoma City Industrial Industrial 2,496,098 68.39 1.41 126,500 20
ML-151 57-13 49th Street (Maspeth) Industrial 2,394,997 68.43 1.28 72,700 33
ML-135 Avis Rent-A-Car Other 2,393,501 63.83 1.36 22,293 107
ORIX-2607 Loveland Tech Center Industrial 2,385,021 73.39 1.26 40,000 60
PW-8352 Helix Building Industrial 2,195,846 68.62 1.58 38,336 57
PW-7958 1399 Madison Building Office 2,099,240 60.67 1.27 28,130 75
ML-140 Eldorado Village Phase I Retail 2,096,486 72.29 1.39 19,094 110
ORIX-3238 Southeast Crossing Retail 2,076,285 66.98 1.32 57,629 36
ML-145 Office Depot - Newport News Retail 2,056,000 66.32 1.40 30,122 68
PW-6232 310 Merrick Road Retail 2,050,000 62.12 1.32 26,580 77
ML-144 MicroSemi Corp. Building Industrial 2,022,041 63.19 1.25 33,334 61
ORIX-3290 250 Beacham Street Industrial 1,943,862 74.76 1.26 27,532 71
PW-6045 Redbud Plaza Retail 1,893,937 77.62 1.31 23,473 81
ORIX-3434 Gateway 2000 - Newport News Retail 1,855,134 70.01 1.25 8,021 231
ORIX-3432 Gateway 2000 - Jackson Retail 1,736,253 70.15 1.25 15,237 114
ORIX-3433 Gateway 2000 - Little Rock Retail 1,709,613 75.98 1.25 8,000 214
PW-7130 Ben White Business Park Industrial 1,690,333 53.66 1.46 66,607 25
ORIX-2104 Kingsgate Shopping Center Retail 1,683,873 64.76 1.33 43,540 39
ORIX-3436 Gateway 2000 - Plano Retail 1,641,209 72.14 1.25 8,000 205
ORIX-3430 Gateway 2000 - Brentwood Retail 1,637,353 72.77 1.25 8,000 205
ORIX-3435 Gateway 2000 - Oklahoma City Retail 1,549,337 74.85 1.25 8,000 194
ORIX-3431 Gateway 2000 - El Paso Retail 1,357,105 68.71 1.25 15,000 90
ML-104 Equivest Industrial Center Industrial 1,270,192 56.45 1.72 118,681 11
ORIX-3429 Gateway 2000 - Baton Rouge Retail 1,136,856 73.35 1.25 8,000 142
10,884 (MF)
ML-100 954-960 Chapel Street Mixed 1,096,789 54.84 1.31 6,326 (Retail) 64
PW-7127 1485-1495 Davis Road Industrial 1,023,567 73.11 1.23 34,039 30
</TABLE>
[TABLE IS CONTINUED ON NEXT TWO PAGES]
<PAGE>
<TABLE>
[THIS IS A CONTINUATION OF THE TABLE FROM PREVIOUS PAGE]
<CAPTION>
Two Largest Tenants
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Control Area Leased % of Lease
No. Tenant Name (1) (Sq. Ft.) Total Sq. Ft. Exp Date
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
PW-7905 Blue Cross Blue Shield of South Carolina 348,410 100% 9/30/09
ML-117 Kaiser 52,030 22% 12/31/05
ML-156 Home Depot 101,928 56% 1/31/07
PW-8202 First American Real Estate Information Services, Inc. 230,700 100% 6/30/12
ORIX-3325 Providian Bancorp Services 109,904 51% 6/30/03
ORIX-2965 GTE Communications Corp. 50,966 36% 9/30/02
ORIX-3452 Marcus Corporation 62,557 33% 2/28/03
ML-147 State of Nevada 6,057 6% 8/31/03
ORIX-3208 Stop & Shop Company 60,270 40% 2/28/09
ML-143 E & F Warehousing Inc. 122,000 63% 7/31/09
ORIX-3108 Hobby Lobby 48,822 41% 12/31/12
ML-112 Staples 24,000 36% 2/28/14
PW-7942 Sears 63,236 28% 4/8/05
ORIX-3257 The Spectrum Club Company, Inc. 79,015 100% 9/16/17
ML-101 Ocean Beauty Seafood 155,763 100% 11/16/13
ORIX-3100 HKS, Inc. 114,174 100% 5/31/13
ML-114 Conway 6,825 100% 6/30/13
ML-115 Obagi Dermatology 4,107 9% 1/31/04
PW-8028 Tops Appliance City 40,000 100% 5/31/24
PW-7562 Sungard 351,314 27% 12/31/04
ML-134 Ryder Intergrated Logistics 145,800 100% 5/6/04
ORIX-3266 Wood Burrus, LLC dba Showtime USA 6,350 14% 11/3/01
ORIX-3115 Saddleback Memorial Medical Center 12,300 22% 6/30/02
PW-6410 Kmart 79,072 55% 10/26/08
ORIX-2939 Beverly Hills Center for Special Surgery 3,200 7% 6/15/04
ORIX-3288 Unicapital 23,918 25% 2/28/04
ORIX-3151 Kroger Store 42,130 42% 9/30/02
ORIX-1825 Ft. Lauderdale College 34,500 41% 8/15/07
PW-8064 Office Max 24,454 100% 5/31/19
ML-136 Office Max, Inc. 23,520 35% 10/31/12
ORIX-3256 TJ Maxx 36,788 42% 11/30/01
ML-152 Sterling City Capitol 8,000 13% 12/31/00
PW-7790 Vadaro & Helwig 7,000 12% 9/30/01
PW-8694 Eckerd's Building 113,175 100% 8/31/03
ML-148 Cambell 12,250 50% 8/31/09
ORIX-3438 Raymour's Furniture Company, Inc. 50,353 100% 6/30/14
PW-6482A The Logistics Company 12,352 87% 8/31/01
PW-6482B John Koenig, Inc. 7,333 100% 8/31/10
PW-6482C John Koenig, Inc. 10,960 80% 8/31/10
PW-6482D John Koenig, Inc. 10,424 84% 8/31/10
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PW-6482
ML-139 Capital Academic LLC 11,349 32% 4/30/14
PW-7789 Toyota Motor Sales, USA Inc. (Lexus) 38,000 100% 2/29/04
ORIX-3356 Hardaway Construction Corp. of TN. 76,760 100% 7/31/14
ORIX-3161 Blockbuster Videos, Inc. 3,834 16% 9/30/03
ORIX-2187 Raymour Furniture Company, Inc. 43,530 44% 5/31/28
ML-110 Laguna Niguel Montessori 8,692 51% 8/30/07
PW-7064 Harbor Freight & Tool 18,720 15% 11/30/03
ML-151 Display Systems, Inc 72,700 100% 2/28/12
ML-135 Avis Rent-A-Car System 22,293 100% 12/31/18
ORIX-2607 Technology Driven Product 10,000 25% 7/31/02
PW-8352 Helix Electric, Inc. 20,503 53% 6/30/08
PW-7958 UT Medical Group 28,130 100% 7/31/09
ML-140 Lady of America 4,500 24% 5/31/04
ORIX-3238 Tyler Entertainment 9,363 16% 5/31/02
ML-145 Office Depot (BBB Stable) 30,122 100% 8/28/14
PW-6232 Sky Club 19,800 74% 6/30/13
ML-144 MicroSemi Corp. 33,334 100% 6/20/29
ORIX-3290 Clover Group 14,146 51% 2/28/02
PW-6045 The Oklahoma Publishing Company DBA The Norman Oklahoman 3,600 15% 2/28/01
ORIX-3434 Gateway 2000 Country Stores, Inc. 8,021 100% 12/31/03
ORIX-3432 Gateway 2000 Country Stores, Inc. 15,237 100% 11/30/03
ORIX-3433 Gateway 2000 Country Stores, Inc. 8,000 100% 11/30/03
PW-7130 Capital Christian Center 5,735 9% 10/31/00
ORIX-2104 Cloth World 17,500 40% 9/30/02
ORIX-3436 Gateway 2000 Country Stores, Inc. 8,000 100% 11/30/03
ORIX-3430 Gateway 2000 Country Stores, Inc. 8,000 100% 11/30/03
ORIX-3435 Gateway 2000 Country Stores, Inc. 8,000 100% 11/30/03
ORIX-3431 Gateway 2000 Country Stores, Inc. 15,000 100% 11/30/03
ML-104 Hilco 37,095 31% 12/31/01
ORIX-3429 Gateway 2000 Country Stores, Inc. 8,000 100% 10/31/03
ML-100 Blockbuster 3,500 20% 5/31/04
PW-7127 Association for Individual Development 34,039 100% 2/29/04
</TABLE>
[TABLE IS CONTINUED ON NEXT PAGE]
<PAGE>
<TABLE>
[THIS IS A CONTINUATION OF THE TABLE FROM PREVIOUS PAGE]
<CAPTION>
Two Largest Tenants
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Control Area Leased % of Lease Control
No. Tenant Name (2) (Sq. Ft.) Total Sq. Ft. Exp Date No.
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
PW-7905 PW-7905
ML-117 Allstate 41,359 17.79% 10/31/03 ML-117
ML-156 LA Fitness 38,000 21.05% 3/31/14 ML-156
PW-8202 PW-8202
ORIX-3325 United Healthcare Services 73,280 34.31% 5/1/01 ORIX-3325
ORIX-2965 Fox Sports 25,350 17.76% 7/31/03 ORIX-2965
ORIX-3452 BC Ziegler 22,125 11.84% 2/29/04 ORIX-3452
ML-147 Accubanc Mortgage Corp 5,401 5.23% 7/31/02 ML-147
ORIX-3208 A. J. Wright 27,430 18.07% 4/30/09 ORIX-3208
ML-143 Lambda Holdings 65,000 33.51% 7/31/09 ML-143
ORIX-3108 Fashion Bug 12,000 10.00% 1/31/06 ORIX-3108
ML-112 Pep Boys 19,000 28.73% 3/31/19 ML-112
PW-7942 The Bon Marche 59,742 26.08% 8/20/18 PW-7942
ORIX-3257 ORIX-3257
ML-101 ML-101
ORIX-3100 ORIX-3100
ML-114 ML-114
ML-115 Kessler 3,292 7.41% 1/31/04 ML-115
PW-8028 PW-8028
PW-7562 North American 113,114 8.75% 9/30/2015 PW-7562
ML-134 ML-134
ORIX-3266 Evenson's Card Shops, Inc. (Hallmark) 5,600 12.27% 11/13/02 ORIX-3266
ORIX-3115 Salomon Smith Barney, Inc. 6,500 11.39% 7/30/05 ORIX-3115
PW-6410 Safeway 40,000 27.84% 2/17/01 PW-6410
ORIX-2939 Dr. Davidson & Dr. Torbati 3,000 6.51% 6/30/03 ORIX-2939
ORIX-3288 Preferred Employers Group, Inc. 16,530 17.48% 3/31/02 ORIX-3288
ORIX-3151 Walgreens (Dollar General) 10,998 10.91% 10/31/02 ORIX-3151
ORIX-1825 Barnett Bank 4,400 5.24% 2/28/02 ORIX-1825
PW-8064 PW-8064
ML-136 Honks 99 8,390 12.58% 4/1/02 ML-136
ORIX-3256 Homegood's 26,360 30.15% 10/31/08 ORIX-3256
ML-152 Insite Realty 7,592 12.40% 7/30/02 ML-152
PW-7790 Nesconset Excutive Office Corp. 3,825 6.62% 9/30/04 PW-7790
PW-8694 PW-8694
ML-148 International Trading 3,928 16.03% 11/30/2003 ML-148
ORIX-3438 ORIX-3438
PW-6482A PW-6482A
PW-6482B PW-6482B
PW-6482C Carolina Mortgage 2,800 20.35% 8/31/10 PW-6482C
PW-6482D Atlantic First Mortgage 2,000 16.10% 8/31/10 PW-6482D
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PW-6482 PW-6482
ML-139 Aqua Swim and Patio 8,000 22.70% 12/31/99 ML-139
PW-7789 PW-7789
ORIX-3356 ORIX-3356
ORIX-3161 Carlton Cards dba Ray's Cards 3,220 13.49% 7/9/05 ORIX-3161
ORIX-2187 Pharmhouse Corp. 33,399 33.71% 5/31/08 ORIX-2187
ML-110 New York Pizzeria 1,430 8.35% 5/18/03 ML-110
PW-7064 Thompson Boat 12,919 10.21% 3/31/02 PW-7064
ML-151 ML-151
ML-135 ML-135
ORIX-2607 First National Bank 7,500 18.75% 7/31/03 ORIX-2607
PW-8352 Medical Contouring 10,537 27.49% 4/30/03 PW-8352
PW-7958 PW-7958
ML-140 Apple Orthodontics 3,600 18.85% 3/31/06 ML-140
ORIX-3238 Unisource 8,442 14.65% 8/14/01 ORIX-3238
ML-145 ML-145
PW-6232 Home Care 5,280 19.86% 4/30/07 PW-6232
ML-144 ML-144
ORIX-3290 Yell-O-Glow 13,386 48.62% 2/28/02 ORIX-3290
PW-6045 CD Warehouse Inc. 2,927 12.47% 1/14/03 PW-6045
ORIX-3434 ORIX-3434
ORIX-3432 ORIX-3432
ORIX-3433 ORIX-3433
PW-7130 Mill Direct Carpet 4,045 6.07% 4/30/01 PW-7130
ORIX-2104 Promise Dollar Store 7,440 17.09% 3/31/04 ORIX-2104
ORIX-3436 ORIX-3436
ORIX-3430 ORIX-3430
ORIX-3435 ORIX-3435
ORIX-3431 ORIX-3431
ML-104 Suburban Delivery 22,107 18.63% 2/28/08 ML-104
ORIX-3429 ORIX-3429
ML-100 Home Basics 2,825 16.41% 5/30/01 ML-100
PW-7127 PW-7127
</TABLE>
