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FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(D) OF THE
SECURITIES AND EXCHANGE ACT OF 1934
Date of Report: July 28, 1999
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(Date of earliest event reported)
BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES INC.
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(Exact name of registrant as specified in its charter)
DELAWARE 333-61783 3411414
(State or Other Jurisdiction (Commission File Number) (I.R.S. Employer
of Incorporation) Identification No.)
245 Park Avenue, New York, NY 10167
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(Address of principal executive offices)
Registrant's telephone number, including area code: (212) 272-2000
ITEM 5. OTHER EVENTS
Attached as Exhibit 99 to this Current Report are certain materials
(Collateral and Structural Term Sheets and Computational Materials) furnished to
the Registrant by Bear, Stearns & Co. Inc., Banc of America Securities LLC and
Prudential Securities (collectively, the "Underwriters") in connection with the
Registrant's proposed offering of certain classes of its Commercial Mortgage
Pass-Through Certificates, Series 1999-CLF1 (the "Certificates"). The
Certificates will be offered pursuant to a Prospectus and related Prospectus
Supplement (together, the "Prospectus") which will be filed with the Commission
pursuant to Rule 424 under the Securities Act of 1933, as amended (the "Act").
The offering of the Certificates will be registered pursuant to the Act under
the Registrant's Registration Statement on Form S-3 (No. 333-61783) (the
"Registration Statement"). These Collateral and Structural Term Sheets and
Computational Materials will be incorporated by reference in the Registration
Statement.
The Collateral and Structural Term Sheets and Computational Materials
were prepared solely by the Underwriters, and the Registrant did not prepare or
participate in the preparation thereof.
Any statement or information contained in the Collateral and
Structural Term Sheets or Computational Materials may be modified or superseded
by subsequent similar materials or, for purposes of the Prospectus and the
Registration Statement by statements or information contained in the Prospectus.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL INFORMATION AND EXHIBITS
(a) Not applicable.
(b) Not applicable.
(c) Exhibits
Exhibit 99 Collateral and Structural Term Sheets and Computational Materials.
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Pursuant to the requirements of the Securities Exchange Act of 1934,
the Registrant has duly caused this report to be signed on behalf of the
Registrant by the undersigned thereunto duly authorized.
BEAR STEARNS COMMERCIAL MORTGAGE
SECURITIES INC.
By: /s/ Joseph Jurkowski
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Name: Joseph Jurkowski
Title: Vice President
Date: July 28, 1999
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EXHIBIT INDEX
Item 601(a) of Regulation S-K
Exhibit No. Description Page
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99 Collateral and Structural Term Sheets and Computational Materials
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STRUCTURAL AND COLLATERAL TERM SHEETS AND COMPUTATIONAL MATERIALS
Bear Stearns Commercial Mortgage Securities Inc. (Depositor)
Commercial Mortgage Pass-Through Certificates, Series 1999-CLF1
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Legend
Prospective investors are advised to read carefully, and should rely
solely on, the information contained in the final prospectus supplement to the
prospectus dated August 18, 1998 relating to certain classes of certificates
referred to above (the "Certificates") in making their investment decision.
The information contained in this Exhibit 99 should be reviewed only
in conjunction with a careful review of such prospectus supplement and
prospectus. Such information does not include any information relating to the
structure of the Certificates and does not include all relevant information
relating to the underlying Mortgage Loans. Particular attention should be paid
to the risks and special considerations associated with an investment in the
Certificates described in such prospectus supplement and prospectus. The
information contained in this Exhibit 99 should not be viewed as projections,
forecasts, predictions or opinions with respect to value.
Any information contained in this Exhibit 99 is subject to completion
or amendment. Furthermore, any information contained in this Exhibit 99 will be
more fully described in the final prospectus supplement and prospectus, and such
information contained herein will be fully superseded thereby. Prior to making
any investment decision, a prospective investor should receive and carefully
review such prospectus supplement and prospectus.
NOTHING IN THIS EXHIBIT 99 SHOULD BE CONSIDERED AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY THE CERTIFICATES.
2
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Exhibit 99
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STRUCTURAL AND COLLATERAL TERM SHEETS AND COMPUTATIONAL MATERIALS
Bear Stearns Commercial Mortgage Securities Inc. (Depositor)
Commercial Mortgage Pass-Through Certificates, Series 1999-CLF1
================================================================================
Legend
Prospective investors are advised to read carefully, and should rely solely
on, the information contained in the final prospectus supplement to the
prospectus dated August 18, 1998 relating to certain classes of certificates
referred to above (the "Certificates") in making their investment decision.
The information contained in this Exhibit 99 should be reviewed only in
conjunction with a careful review of such prospectus supplement and prospectus.
Such information does not include any information relating to the structure of
the Certificates and does not include all relevant information relating to the
underlying Mortgage Loans. Particular attention should be paid to the risks and
special considerations associated with an investment in the Certificates
described in such prospectus supplement and prospectus. The information
contained in this Exhibit 99 should not be viewed as projections, forecasts,
predictions or opinions with respect to value.
Any information contained in this Exhibit 99 is subject to completion or
amendment. Furthermore, any information contained in this Exhibit 99 will be
more fully described in the final prospectus supplement and prospectus, and such
information contained herein will be fully superseded thereby. Prior to making
any investment decision, a prospective investor should receive and carefully
review such prospectus supplement and prospectus.
NOTHING IN THIS EXHIBIT 99 SHOULD BE CONSIDERED AN OFFER TO SELL OR A
SOLICITATION OF AN OFFER TO BUY THE CERTIFICATES.
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