U.S. Securities and Exchange Commission
Washington, D.C. 20549
Form 10-Q/A
Amendment No. 1
to
[X] Quarterly Report Under Section 13 or 15(d)
of the Securities Exchange Act of 1934
for the Quarterly Period ended April 30, 1995
[ ] Transition Report Under Section 13 or 15(d) of
the Securities Exchange Act
for the Transition Period From to
Commission File Number 333-4837
MCA FINANCIAL CORP.
(Exact name of Registrant
as specified in its charter)
Michigan 38-3014001
(State or other jurisdiction (I.R.S. Employer Identification No.)
of incorporation or organization)
23999 Northwestern Hwy., Southfield, MI 48075
(Address of principal executive offices)
(810) 358-5555
(Issuer's Telephone Number, including area code)
N/A
(Former Address)
Check whether the issuer (1) has filed all reports required to be filed by
Section 13 or 15(d) of the Exchange Act during the past 12 months (or for
such shorter period that the registrant was required to file such reports),
and (2) has been subject to such filing requirements for the past 90 days.
YES XX NO
State the number of shares outstanding of each of the issuer's classes of
common equity, as of the latest practicable date:
As of April 30, 1995, there were outstanding 459,342 shares of the issuer's
common stock (including shares subject to forfeiture).
<PAGE>
Part II. Other Information
Item 6. Exhibits and Reports on Form 8-K
(a) Exhibits
The following exhibit is filed with this report:
10.01 Line of credit agreement dated March 17, 1995, among the
Registrant, MCA Realty and Mortgage Company (F.K.A.
RIMCO Realty and Mortgage Co.) and Comerica Bank
(Exhibits B, E, F and G to this Exhibit 10.01 are filed
with this Amendment).
(b) Reports on Form 8-K.
The Company was not required to file any current reports on
Form 8-K during the quarter ended April 30, 1995.
<PAGE>
SIGNATURES
In accordance with the requirements of the Exchange Act, the registrant
caused this amendment to the report to be signed on its behalf by the
undersigned, thereunto duly authorized.
MCA FINANCIAL CORP.
Dated: June 7, 1996 By: /S/ Patrick D. Quinlan
------------------------------
Patrick D. Quinlan,
Chairman (Principal Executive
Officer)
Dated: June 7, 1996 By: /S/ Keith D. Pietila
------------------------------
Keith D. Pietila,
Executive Vice President
(Principal Financial and
Accounting Officer)
<PAGE>
Exhibit Index
Exhibit No. Description
10.01 Line of credit agreement, dated March 17, 1995,
among the Registrant, MCA Mortgage and Realty
Company (F.K.A. RIMCO Realty and Mortgage Co.)
and Comerica Bank (Exhibits B, E, F and G to this
Exhibit 10.01 are filed with this Amendment).
EXHIBIT B
COMERICA Rimco Submission Sheet
- ----------------------------------------------------------------------------
Property Address:
City/State:
Anticipated Purchase Date:
Anticipated Sale Date:
Estimated Sales Price:
Calculation of Mortgage Amount
[ ] Tranche A. Borrowings
(1) Purchase Price = (2) Appraised Value =
--------- (on completed basis) ---------
Est. Rehab Cost = x 0.75
--------- ---------
Total = (A)
--------- ---------
Identify lesser of
above or $80,000 (B)
---------
Identify the lesser of (A) or (B);
this is the requested mortgage amount: $
-----------
Less the Estimated Rehab
Costs identified above: -
-----------
Amount available for Tranche A advance: $
-----------
[ ] Tranche B Borrowings
(1) Purchase Price = (2) Appraised Value =
--------- (on completed basis) ---------
Actual Rehab Cost = x 0.75
--------- ---------
Total = (A)
--------- ---------
Identify lesser of
above or $80,000 (B)
---------
Identify the lesser of (A) or (B):
this is the maximum Tranche B borrowing
amount: $
----------
Checklist of Required Documents
[ ] Copy of Signed Purchase Agreement
[ ] Copy of Real Estate Appraisal
[ ] Title Insurance Commitment
[ ] Proof of Hazard Insurance (if available at this time)
[ ] Flood Hazard Analysis
[ ] Estimate of Rehab Costs (if applicable)
[ ] Certificate of Occupancy (Tranche B borrowings only)
[ ] Request for Tranche B Advance (Tranche B borrowings only)
Submitted on this day of , 1996.
MCA FINANCIAL CORP. RIMCO REALTY AND MORTGAGE CO.
By: By:
---------------------------- ------------------------
Its: Its:
--------------------------- -----------------------
EXHIBIT E
PROGRESS REPORT
Estimated
Property Loan Closing Loan Rehabilitation Date of
Address Number Date Balance Draws Completion Description
- ----------------------------------------------------------------------------
Undersigned represent and warrant that no condition exists or event has
occurred which constitutes or, with the running of time would constitute an
event of default under the Letter Agreement or any other Loan Document(s).
Dated this day of 1996.
RIMCO REALTY AND MORTGAGE CO. MCA FINANCIAL CORP.
By: By:
---------------------------- ------------------------
Its: Its:
--------------------------- -----------------------
EXHIBIT F
DELINQUENCY REPORT
Interest
Property Loan Closing Paid To
Address Number Date Date Status
- ----------------------------------------------------------------------------
Undersigned represent and warrant that no condition exists or event has
occurred which constitutes or, with the running of time would constitute an
event of default under the Letter Agreement or any other Loan Document(s).
Dated this day of 1996.
RIMCO REALTY AND MORTGAGE CO. MCA FINANCIAL CORP.
By: By:
---------------------------- ------------------------
Its: Its:
--------------------------- -----------------------
EXHIBIT G
LAND CONTRACT REPORT
Interest
Land Contract Property Land Contract Paid To Tax
Vendor Address Number Date Status Other
- ----------------------------------------------------------------------------
Undersigned represent and warrant that no condition exists or event has
occurred which constitutes or, with the running of time would constitute an
event of default under the Letter Agreement or any other Loan Document(s).
Dated this day of 1996.
RIMCO REALTY AND MORTGAGE CO. MCA FINANCIAL CORP.
By: By:
---------------------------- ------------------------
Its: Its:
--------------------------- -----------------------
