UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C.
FORM 10-Q
(Mark One)
[X] QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE
ACT OF 1934
For the quarterly period ended September 30, 1996
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the transition period from to
Commission file number: 33-28491
THE MORTGAGE BANCFUND OF AMERICA II, L.P., a California Limited Partnership
(EXACT NAME OF REGISTRANT AS SPECIFIED IN ITS CHARTER)
California 33-0369995
STATE OR OTHER JURISDICTION OF INCORPORATION IRS EMPLOYER IDENTIFICATION
NUMBER
2 Corporate Park, Ste. 106, Irvine, CA 92714
ADDRESS OF PRINCIPAL EXECUTIVE OFFICES(ZIP CODE)
(714) 253-2900
REGISTRANT'S TELEPHONE NUMBER, INCLUDING AREA CODE
N/A
FORMER NAME, FORMER ADDRESS AND FORMER FISCAL YEAR, IF CHANGED SINCE LAST REPORT
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by section 13 or 15 (d) of the Securities Exchange Act of 1934
during the preceding 12 months (or for such shorter period that the
registrant was required to file reports), and (2) has been subject to such
filing requirements for the past 90 days.
YES X NO_______
APPLICABLE ONLY TO ISSUERS INVOLVED IN BANKRUPTCY
PROCEEDINGS DURING THE PRECEDING FIVE YEARS:
Indicate by check mark whether the registrant (1) has filed all reports required
to be filed by section 13 or 15 (d) of the Securities Exchange Act of 1934
subsequent to the distribution of securities under a plan confirmed by a
court. N/A
YES NO_______
APPLICABLE ONLY CORPORATE ISSUERS:
Indicate the number of shares outstanding of each of the issuer's classes of
common stock, as of the latest practicable date. N/A
MORTGAGE BANCFUND OF AMERICA II, L.P.
(a California Limited Partnership)
Index to Form 10-Q
September 30, 1996
Part I - Financial Information
Item 1 - Financial Statements
Item 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations
Part II - Other Information
Item 1 - Legal Proceedings
Item 2 - Changes in Securities
Item 3 - Defaults Upon Senior Securities
Item 4 - Submission of Matters to a Vote of Security Holders
Item 5 - Other Information
Item 6 - Exhibits and Reports on Form 8-K
Signatures
MORTGAGE BANCFUND OF AMERICA II, L.P.
(a California Limited Partnership)
Part I - Financial Information
Item 1 - Financial Statements
Balance Sheets
Income Statements
Statements of Partner's Equity
Statements of Cash Flow
Notes to Financial Statements
See attached exhibit
MORTGAGE BANCFUND OF AMERICA II, L.P.
(a California Limited Partnership)
Item 2 - Management's Discussion and Analysis of Financial Condition and Results
of Operations
Liquidity and Capital Resources:
Liquidity for the Partnership remains a pressing concern for management. All
cash needed for operations is being generated through operations of
foreclosed properties and from the sale of those properties. Management has
no plans to seek additional sources of capital from outside sources either in
the form of debt or equity. However, management is confident cash being
generated internally is sufficient to operate the Partnership in the near
future.
The capital accounts remain substantially unchanged since the year end
December 31, 1995 at $7.42 per limited partnership unit outstanding, an
overall decline in book value of almost 92% since inception of the Partnership.
Results of Operations:
There are no substantial changes in any of the accounts since
December 31, 1995. Operations are very limited as management is seeking to
market the foreclosed real estate and to collect the remaining loans on the
Partnership books. Management will continue to strive to effectively sell
foreclosed properties although the sagging California economy remains a
formida
