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) November 6, 2000
First Union Commercial Mortgage Securities, Inc.
(Exact Name of Registrant as Specified in its Charter)
North Carolina
(State or Other Jurisdiction of Incorporation)
333-30294 56-1643598
(Commission File Number) (I.R.S. Employer Identification No.)
One First Union Center, Charlotte, North Carolina 28228-0600
(Address of Principal Executive Offices) (Zip Code)
(704) 374-6161
(Registrant's Telephone Number, Including Area Code)
Not Applicable
(Former Name or Former Address, if Changed Since Last Report)
UNDERWRITERS' STATEMENT
PRELIMINARY STRUCTURAL AND COLLATERAL TERM SHEET
Item 5. Other Events.
On or about November 29, 2000, the Registrant will cause the issuance and
sale of approximately $1,147,819,332 initial principal amount of Commercial
Mortgage Pass-Through Certificates, Series 2000-C2, Class A-1, Class A-2, Class
B, Class C, Class D, Class E, Class F, Class G, Class IO, Class H, Class J,
Class K, Class L, Class M, Class N, Class O, Class Q, Class R-I, Class R-II,
Class R-III and Class R-IV (the "Certificates") pursuant to a Pooling and
Servicing Agreement to be dated as of November 1, 2000, among the Registrant,
First Union National Bank, as Master Servicer and as Special Servicer, and Wells
Fargo Bank Minnesota, National Association, as Trustee. In connection with the
sale of certain classes of the Certificates to the public (the "Publicly Offered
Certificates"), the Registrant has been advised by First Union Securities, Inc.
and Merrill Lynch, Pierce, Fenner & Smith Incorporated (together, the
"Underwriters"), that the Underwriters have furnished to prospective investors
certain written descriptions of the securities to be offered that set forth the
name of the issuer, the size of the potential offering and miscellaneous similar
items (the "Structural Term Sheets") with respect to the Publicly Offered
Certificates following the effective date of Registration Statement No.
333-30294 but prior to the availability of a final Prospectus relating to the
Publicly Offered Certificates. In connection with the sale of the Publicly
Offered Certificates, the Registrant also has been informed by the Underwriters
that the Underwriters have furnished to prospective investors certain
descriptive information regarding the mortgage loans (the "Mortgage Loans")
underlying the Certificates that set forth the number of Mortgage Loans, the
principal balance of the Mortgage Loans, information regarding the mortgage
rates thereon and miscellaneous similar items (the "Collateral Term Sheets")
following the effective date of Registration Statement No. 333-30294 but prior
to the availability of a final Prospectus relating to the Publicly Offered
Certificates. The Structural Term Sheets and Collateral Term Sheets are
contained in the Preliminary Structural and Collateral Term Sheet (the "Term
Sheet"). The Term Sheet is being filed as an exhibit to this report.
The Term Sheet attached hereto has been provided by the Underwriters. The
information in the Term Sheet is preliminary and may be superseded by the
Prospectus Supplement relating to the Publicly Offered Certificates and by any
other information subsequently filed with the Securities and Exchange
Commission.
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Item 7. Financial Statements, Pro Forma Financial Information and Exhibits.
List below the financial statements, pro forma financial information and
exhibits, if any, filed as part of this report.
(a) Financial Statements of Business Acquired
Not applicable
(b) Pro Forma Financial Information
Not applicable
(c) Exhibits.
99.1 Term Sheet (containing the Structural Term Sheets and
Collateral Term Sheets) prepared by the Underwriters in
connection with the sale of the Publicly Offered
Certificates of the Registrant.
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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.
(Registrant)
Dated: November 7, 2000 By: /s/ CRAIG M. LIEBERMAN
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Name: Craig M. Lieberman
Title: Vice President
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INDEX TO EXHIBITS
Exhibit
No. Document Description
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99.1
Term Sheet (containing the Structural Term Sheets and Collateral
Term Sheets) prepared by the Underwriters in connection with the
sale of the Publicly Offered Certificates of the Registrant.
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