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: May 10, 1999
(Date of earliest event reported)
Commission File No. 333-62671
FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC.
North Carolina 56-1643598
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(State of Incorporation) (I.R.S. Employer Identification No.)
One First Union Center
Charlotte, North Carolina 28228-0600
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(Address of principal executive offices) (Zip Code)
(704) 374-6161
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(Registrant's Telephone Number, including area code)
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(Former name, former address and former fiscal year,
if changed since last report)
ITEM 5. Other Events
Item 5. Other Events
Filing of Computational Materials.
In connection with the proposed offering of First Union Commercial
Mortgage Securities, Inc. Commercial Mortgage Trust, Commercial Mortgage
Pass-Through Certificates, Series 1999-C2, Chase Securities Inc. ("CSI"), as
underwriter, has prepared certain materials (the "CSI Computational
Materials") for distribution to its potential investors. Similarly, First
Union Capital Markets Corp. ("First Union"), as underwriter, has prepared
certain materials (the "First Union Computational Materials") for distribution
to its potential investors. Although First Union Commercial Mortgage
Securities, Inc. (the "Company") provided First Union and CSI with certain
information regarding the characteristics of the mortgage loans in the related
portfolio, it did not participate in the preparation of the Computational
Materials.
For purposes of this Form 8-K, "Computational Materials" shall mean
computer generated tables and/or charts displaying, with respect to any Class
or Classes of Certificates, any of the following: yield; average life;
duration; expected maturity; interest rate sensitivity; loss sensitivity; cash
flow characteristics; background information regarding the Mortgage Loans; the
proposed structure; decrement tables; or similar information (tabular or
otherwise) of a statistical, mathematical, tabular or computational nature.
The CSI Computational Materials, which are listed as Exhibit 99.1 hereto and
the First Union Computational Materials, which are listed as Exhibit 99.2
hereto, are being filed in paper format on Form SE dated May 20, 1999.
ITEM 7. Financial Statements, Pro Forma Financial Information and Exhibits
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
Item 601(a)
of Regulation
S-K Exhibit No. Description
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99.1 CSI Computational Materials filed on Form SE dated
May 20, 1999.
99.2 First Union Computational Materials filed on Form SE
dated May 20, 1999.
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.
FIRST UNION COMMERCIAL
MORTGAGE SECURITIES, INC.
By: /s/ Craig Lieberman
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Name: Craig Lieberman
Title: Vice President
Dated: May 20, 1999
Exhibit Index
Exhibit Page
99.1 CSI Computational Materials filed on Form SE dated
May 20, 1999. 6
99.2 First Union Computational Materials filed on Form SE
dated May 20, 1999 7
IN ACCORDANCE WITH RULE 311 OF REGULATION S-T, THESE
COMPUTATIONAL MATERIALS ARE BEING FILED IN PAPER.
EXHIBIT 99.1
CSI COMPUTATIONAL MATERIALS
for
FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC.
Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates, Series 1999-C2
IN ACCORDANCE WITH RULE 311 OF REGULATION S-T, THESE
COMPUTATIONAL MATERIALS ARE BEING FILED IN PAPER.
EXHIBIT 99.2
FIRST UNION COMPUTATIONAL MATERIALS
for
FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC.
Commercial Mortgage Trust
Commercial Mortgage Pass-Through Certificates, Series 1999-C2
