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 20, 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
COMPUTATIONAL MATERIALS
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, N.A., 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 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; proposed
structure; decrement tables; or similar information (tabular or otherwise) of a
statistical, mathematical, tabular or computational nature (the "Computational
Materials"), with respect to the Publicly Offered Certificates following the
effective date of Registration Statement No. 333-30294. The Computational
Materials are being filed as an exhibit to this report.
The Computational Materials were prepared by the Underwriters at the
request of certain prospective investors, based on assumptions provided by, and
satisfying the special requirements of, such prospective investors. The
Computational Materials may be based on assumptions that differ from the
assumptions set forth in the Prospectus Supplement. The Computational Materials
may not include, and do not purport to include, information based on assumptions
representing a complete set of possible scenarios. Accordingly, the
Computational Materials may not be relevant to or appropriate for investors
other than those specifically requesting them.
In Addition, the actual characteristics and performance of the mortgage
loans underlying the Certificates (the "Mortgage Loans") may differ from the
assumption used in the Computational Materials, which are hypothetical in nature
and which were provided to certain investors only to give a general sense of how
the yield, average life, duration, expected maturity, interest rate sensitivity,
loss sensitivity, background information regarding the Mortgage Loans, proposed
structure, decrement tables or cash flow characteristics of a particular class
of Certificates might vary under varying prepayment and other scenarios. Any
difference between such assumptions and the actual characteristics and
performance of the Mortgage Loans will affect the actual yield, average life,
duration, expected maturity, interest rate sensitivity, loss sensitivity,
background information regarding the Mortgage Loans, proposed structure,
decrement tables or cash flow characteristics of the Certificates.
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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 Computational Materials 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 20, 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
Computational Materials prepared by the Underwriters in
connection with the sale of the Publicly Offered Certificates of
the Registrant.
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