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: March 12, 2002
(Date of earliest event reported)
Wachovia Commercial Mortgage Securities, Inc.
(as depositor under the Pooling and Servicing
Agreement, dated as of February 10, 2002, relating to the
First Union National Bank Commercial Mortgage Trust,
Commercial Mortgage Pass-Through Certificates, Series 2002-C1)
(Exact name of registrant as specified in charter)
North Carolina 333-68246 56-1643598
(State or other juris- (Commission (I.R.S. Employer
diction of organization File No.) Identification No.)
301 South College Street, Charlotte, North Carolina 28288-0166
(Address of principal executive offices) (Zip Code)
Registrant's Telephone Number, including area code
(704) 374-6161
(Former name or former address, if changed since last report.)
ITEM 5. OTHER EVENTS
This current report on Form 8-K relates to the monthly
distribution reported to the holders of First Union National
Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through
Certificates, Series 2002-C1,which was made on November 12, 2002.
ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND
EXHIBITS
Exhibit No. Description
99.1 Monthly distribution report pursuant to
Section 4.01 of the Pooling and Servicing
Agreement for the distribution on
November 12, 2002.
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.
LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS PAYING
AGENT UNDER THE POOLING AND SERVICING AGREEMENT ON
BEHALF OF WACHOVIA COMMERCIAL MORTGAGE SECURITIES, INC.,
REGISTRANT
By: /s/ Russell Goldenberg
Russell Goldenberg,
Group Senior Vice President
Date: November 12, 2002
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 11/12/2002 |
| FIRST UNION NATIONAL BANK, AS SERVICER | | PAYMENT DATE: | | 11/12/2002 |
| |
| 135 S. LASALLE STREET SUITE 1625 |
| CHICAGO, IL 60603-4159 |
| USA |
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | | | PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| ADMINISTRATOR: | | REPORTING PACKAGE TABLE OF CONTENTS | | ANALYST: |
| AAH KOCHA-CHADDHA (312) 904-0648 | | ARTUR OGANEZOV 714-238-6704 |
| LAURA.KOCHA.CHADDHA@ABNAMRO.COM | | ARTUR.OGANEZOV@ABNAMRO.COM |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| PAGE(S) |
| ISSUE ID: | | FUNB02C1 | | CLOSING DATE: | 2/25/2002 |
| STATEMENTS TO CERTIFICATEHOLDERS | PAGE 2-5 |
| CASH RECONCILIATION SUMMARY | PAGE 6 | | FIRST PAYMENT DATE: | 3/12/2002 |
| MONTHLY DATA FILE NAME: | | BOND INTEREST RECONCILIATION | PAGE 7 | | ASSUMED FINAL PAYMENT: DATE: | 2/12/2034 |
| FUNB02C1_200211_3.ZIP | | RATING INFORMATION | PAGE 8-9 |
| ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY | PAGE 10 |
| ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY | PAGE 11 |
| DELINQUENT LOAN DETAIL | PAGE 12 |
| LOAN LEVEL DETAIL | PAGE 13-17 |
| SPECIALLY SERVICED (PART I) ~ LOAN DETAIL | PAGE 18 |
| SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS | PAGE 19 |
| MODIFIED LOAN DETAIL | PAGE 20 |
| REALIZED LOSS DETAIL | PAGE 21 |
|
|
|
|
|
|
|
|
|
|
| PARTIES TO THE TRANSACTION |
| ISSUER: FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| DEPOSITOR: FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| UNDERWRITER: ABN AMRO INC./DEUTSCHE BANC ALEX. BROWN |
| MASTER SERVICER: WACHOVIA BANK, NATIONAL ASSOCIATION |
| SPECIAL SERVICER: GMAC COMMERCIAL MORTGAGE CORP. |
| RATING AGENCY: MOODY'S INVESTORS SERVICE, INC./STANDARD & POOR'S RATING SERVICES |
| INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES |
| LASALLE WEB SITE | | WWW.ETRUSTEE.NET |
| SERVICER WEB SITE | | WWW.WACHOVIA.COM |
|
| LASALLE FACTOR LINE | | (800) 246-5761 |
|
|
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 1 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| |
| FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | 11/12/2002 |
|
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PAYMENT DATE: | 11/12/2002 |
|
| WAC: | | 7.516943% | SERIES 2002-C1 | PRIOR PAYMENT: | | 10/15/2002 |
| NEXT PAYMENT: | | 12/12/2002 |
| WAMM: | | 106 |
| RECORD DATE: | | 10/31/2002 |
| REMIC II |
| ABN AMRO ACCT: 67-8956-70-7 |
|
|
| ORIGINAL | | OPENING | | PRINCIPAL | | PRINCIPAL | | NEGATIVE | | CLOSING | | INTEREST | | INTEREST | PASS-THROUGH |
| CLASS | | FACE VALUE (1) | | BALANCE | | PAYMENT | | ADJ. OR LOSS | | AMORTIZATION | | BALANCE | | PAYMENT (2) | | ADJUSTMENT | RATE |
|
| CUSIP | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | | PER $ 1000 | NEXT RATE(3) |
| A-1 | 131,057,000.00 | | 126,594,906.76 | 473,388.31 | 0.00 | 0.00 | 126,121,518.45 | 589,193.80 | 0.00 | | 5.58500000% |
| 33736XFS3 | | 965.953033871 | 3.612079553 | 0.000000000 | 0.000000000 | 962.340954318 | | 4.495706448 | 0.000000000 | | FIXED |
|
| A-2 | 430,663,000.00 | | 430,663,000.00 | 0.00 | 0.00 | 0.00 | 430,663,000.00 | 2,203,917.90 | 0.00 | | 6.14100000% |
| 33736XFT1 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 5.117499994 | 0.000000000 | | FIXED |
|
| IO-I | 728,324,739.00 | | N | | 723,862,646.04 | 0.00 | 0.00 | 0.00 | 723,389,257.73 | 376,108.51 | 0.00 | | 0.62350256% |
| 33736XFX2 | | 993.873484284 | 0.000000000 | 0.000000000 | 0.000000000 | 993.223515548 | | 0.516402217 | 0.000000000 | | 0.532511058% |
|
| IO-II | 444,320,000.00 | | N | | 444,320,000.00 | 0.00 | 0.00 | 0.00 | 444,320,000.00 | 446,163.97 | 0.00 | | 1.20498010% |
| 33736XFY0 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 1.004150095 | 0.000000000 | | 0.962450102% |
|
| B | 26,402,000.00 | | 26,402,000.00 | 0.00 | 0.00 | 0.00 | 26,402,000.00 | 139,050.53 | 0.00 | | 6.32000000% |
| 33736XFU8 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 5.266666540 | 0.000000000 | | FIXED |
|
| C | 32,774,000.00 | | 32,774,000.00 | 0.00 | 0.00 | 0.00 | 32,774,000.00 | 177,771.64 | 0.00 | | 6.50900000% |
| 33736XFV6 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 5.424166718 | 0.000000000 | | FIXED |
|
| D | 9,104,000.00 | | 9,104,000.00 | 0.00 | 0.00 | 0.00 | 9,104,000.00 | 50,238.91 | 0.00 | | 6.62200000% |
| 33736XFW4 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 5.518333699 | 0.000000000 | | FIXED |
|
| E | 8,194,000.00 | | 8,194,000.00 | 0.00 | 0.00 | 0.00 | 8,194,000.00 | 46,896.99 | 0.00 | | 6.86800000% |
| 33736XFZ7 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 5.723332927 | 0.000000000 | | 6.868000000% |
|
| F | 12,746,000.00 | | 12,746,000.00 | 0.00 | 0.00 | 0.00 | 12,746,000.00 | 73,990.53 | 0.00 | | 6.96600000% |
| 33736XGA1 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 5.805000000 | 0.000000000 | | 6.966000000% |
|
| G | 10,014,000.00 | | 10,014,000.00 | 0.00 | 0.00 | 0.00 | 10,014,000.00 | 62,092.52 | 0.00 | | 7.44068552% |
| 33736XGB9 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 6.200571200 | 0.000000000 | | 7.198189809% |
|
| H | 14,567,000.00 | | 14,567,000.00 | 0.00 | 0.00 | 0.00 | 14,567,000.00 | 72,434.41 | 0.00 | | 5.96700000% |
| 33736XGC7 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.972500172 | 0.000000000 | | FIXED |
|
| J | 14,566,000.00 | | 14,566,000.00 | 0.00 | 0.00 | 0.00 | 14,566,000.00 | 72,429.44 | 0.00 | | 5.96700000% |
| 33736XGD5 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.972500343 | 0.000000000 | | FIXED |
|
| K | 5,463,000.00 | | 5,463,000.00 | 0.00 | 0.00 | 0.00 | 5,463,000.00 | 27,164.77 | 0.00 | | 5.96700000% |
| 33736XGE3 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.972500458 | 0.000000000 | | FIXED |
|
| L | 5,462,000.00 | | 5,462,000.00 | 0.00 | 0.00 | 0.00 | 5,462,000.00 | 27,159.80 | 0.00 | | 5.96700000% |
| 33736XGF0 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.972500915 | 0.000000000 | | FIXED |
|
| M | 7,283,000.00 | | 7,283,000.00 | 0.00 | 0.00 | 0.00 | 7,283,000.00 | 36,214.72 | 0.00 | | 5.96700000% |
| 33736XGG8 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.972500343 | 0.000000000 | | FIXED |
|
| N | 3,642,000.00 | | 3,642,000.00 | 0.00 | 0.00 | 0.00 | 3,642,000.00 | 18,109.85 | 0.00 | | 5.96700000% |
| 33736XGH6 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.972501373 | 0.000000000 | | FIXED |
|
| O | 16,387,739.00 | | 16,387,739.28 | 0.00 | 0.00 | 0.00 | 16,387,739.28 | 79,960.54 | (1,527.49) | | 5.96700000% |
| 33736XGJ2 | | 1000.000017086 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000017086 | | 4.879290548 | (0.093209319) | | FIXED |
|
| R-II | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
|
| R-I | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
|
|
|
| TOTAL | | 728,324,739.00 | | 723,862,646.04 | 473,388.31 | 0.00 | 0.00 | 723,389,257.73 | 4,498,898.83 | (1,527.49) |
|
| TOTAL P&I PAYMENT | | 4,972,287.14 |
|
|
| Z | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
|
|
|
| TOTAL | | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 |
|
| TOTAL P&I PAYMENT | | 0.00 |
|
|
| 75-B | 699,553.63 | | 666,348.65 | 4,163.04 | 0.00 | 0.00 | 662,185.61 | 4,187.95 | 0.00 | | 7.29861290% |
| 952.534046603 | 5.950994779 | 0.000000000 | 0.000000000 | 946.583051824 | | 5.986603200 | 0.000000000 | | 7.296900000% |
|
| 96-B | 318,958.32 | | 304,010.66 | 1,873.59 | 0.00 | 0.00 | 302,137.07 | 1,976.13 | 0.00 | | 7.54861290% |
| 953.136008492 | 5.874090383 | 0.000000000 | 0.000000000 | 947.261918109 | | 6.195574394 | 0.000000000 | | 7.546900000% |
|
| 97-B | 317,145.44 | | 302,091.81 | 1,887.33 | 0.00 | 0.00 | 300,204.48 | 1,898.62 | 0.00 | | 7.29861290% |
| 952.533985669 | 5.950992075 | 0.000000000 | 0.000000000 | 946.582993594 | | 5.986590884 | 0.000000000 | | 7.296900000% |
|
| 106-B | 295,855.35 | | 281,812.30 | 1,760.63 | 0.00 | 0.00 | 280,051.67 | 1,771.17 | 0.00 | | 7.29861290% |
| 952.534067746 | 5.950982465 | 0.000000000 | 0.000000000 | 946.583085281 | | 5.986607983 | 0.000000000 | | 7.296900000% |
|
|
|
| TOTAL | | 1,631,512.74 | | 1,554,263.42 | 9,684.59 | 0.00 | 0.00 | 1,544,578.83 | 9,833.87 | 0.00 |
|
| TOTAL P&I PAYMENT | | 19,518.46 |
|
|
| NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 2 OF 21 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PAYMENT DATE: | | 11/12/2002 |
| PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
| ABN AMRO ACCT: 67-8956-70-7 |
| |
| | |
| CASH RECONCILIATION SUMMARY |
| | |
|
|
| INTEREST SUMMARY | | SERVICING FEE SUMMARY | | PRINCIPAL SUMMARY |
| CURRENT SCHEDULED INTEREST | 3,371,077.86 | | CURRENT SERVICING FEES | 23,429.71 | | SCHEDULED: |
| LESS DEFERRED INTEREST | 0.00 | | PLUS FEES ADVANCED FOR PPIS | 0.00 | | CURRENT SCHEDULED PRINCIPAL | 365,198.90 |
| PLUS ADVANCE INTEREST | 1,164,486.00 | | LESS REDUCTION FOR PPIS | 0.00 | | ADVANCED SCHEDULED PRINCIPAL | 117,874.00 |
| PLUS UNSCHEDULED INTEREST | 0.00 | | PLUS DELINQUENT SERVICING FEES | | 8,534.11 | | SCHEDULED PRINCIPAL DISTRIBUTION | 483,072.90 |
| PPIS REDUCING SCHEDULED INTEREST | 0.00 | | TOTAL SERVICING FEES | 31,963.82 | | UNSCHEDULED: |
| LESS TOTAL FEES PAID TO SERVICER | (23,665.17) | | CURTAILMENTS | 0.00 |
| PLUS FEES ADVANCED FOR PPIS | 0.00 | | PREPAYMENTS IN FULL | 0.00 |
| LESS FEE STRIPS PAID BY SERVICER | 0.00 | | PPIS SUMMARY | | LIQUIDATION PROCEEDS | 0.00 |
| LESS MISC. FEES & EXPENSES | (1,292.03) | | GROSS PPIS | | 0.00 | | REPURCHASE PROCEEDS | 0.00 |
| LESS NON RECOVERABLE ADVANCES | 0.00 | | REDUCED BY PPIE | 0.00 | | OTHER PRINCIPAL PROCEEDS | 0.00 |
| INTEREST DUE TRUST | 4,510,606.67 | | REDUCED BY SHORTFALLS IN FEES | 0.00 | | UNSCHEDULED PRINCIPAL DISTRIBUTION | 0.00 |
| LESS TRUSTEE FEE | (1,873.99) | | REDUCED BY OTHER AMOUNTS | 0.00 | | REMITTANCE PRINCIPAL | 483,072.90 |
| LESS FEE STRIPS PAID BY TRUST | 0.00 | | NET PPIS | 0.00 |
| LESS MISC. FEES PAID BY TRUST | 0.00 | | PPIS REDUCING SERVICING FEE | | 0.00 | | SERVICER WIRE AMOUNT | 4,993,679.57 |
| LESS INTEREST RESERVE WITHHOLDING | | 0.00 | | PPIS ALLOCATED TO CERTIFICATES | | 0.00 |
| PLUS INTEREST RESERVE DEPOSIT | | 0.00 |
| REMITTANCE INTEREST | 4,508,732.67 | | POOL BALANCE SUMMARY |
| BALANCE/AMOUNT | | COUNT |
| BEGINNING POOL | | 725,416,909.45 | | 110 |
| SCHEDULED PRINCIPAL DISTRIBUTION | | 483,072.90 |
| UNSCHEDULED PRINCIPAL DISTRIBUTION | | 0.00 | | 0 |
| DEFERRED INTEREST | | 0.00 |
| LIQUIDATIONS | | 0.00 | | 0 |
| REPURCHASES | | 0.00 | | 0 |
| ENDING POOL | | 724,933,836.55 | | 110 |
| ADVANCES |
| PRIOR OUTSTANDING | CURRENT PERIOD | | RECOVERED | ENDING OUTSTANDING |
| PRINCIPAL | | INTEREST | | PRINCIPAL | | INTEREST | | PRINCIPAL | | INTEREST | | PRINCIPAL | | INTEREST |
| MADE BY: SERVICER | | 95,205.87 | | 658,558.26 | 117,874.00 | | 1,164,486.00 | | 53,272.04 | | 490,747.21 | | 159,807.83 | | 1,332,297.05 |
|
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 6 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
|
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
|
| FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | 11/12/2002 |
| PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES |
| PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
|
| ABN AMRO ACCT: 67-8956-70-7 |
| BOND INTEREST RECONCILIATION |
|
|
| DEDUCTIONS | | ADDITIONS |
| REMAINING |
| ACCRUAL | | PASS | | ACCRUED | | |
| DEFERRED & |
|
| PRIOR | INT ACCRUAL | PREPAY- | | OTHER | DISTRIBUTABLE | | INTEREST | | CURRENT PERIOD | OUTSTANDING | | CREDIT SUPPORT |
| THRU | | CERTIFICATE | | ALLOCABLE | | ACCRETION | | INTEREST | | INT. SHORT- | ON PRIOR | MENT | | INTEREST | | CERTIFICATE | | PAYMENT | | (SHORTFALL)/ | INTEREST |
| CLASS | | METHOD DAYS | | RATE | | INTEREST | | PPIS | | INTEREST | | LOSS/EXP | FALLS DUE | | SHORTFALL (3) | PENALTIES | PROCEEDS (1) | |
| INTEREST (2) |
|
| AMOUNT | | RECOVERY | SHORTFALLS | | ORIGINAL | | CURRENT(4) | |
| 75-A | | ACT/360 | | 31 | | 7.298612903% | | 16,785.92 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 16,785.92 | 16,785.92 | 0.00 | 0.00 | | NA | | NA |
| 75-B | | ACT/360 | | 31 | | 7.298612903% | | 4,187.95 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 4,187.95 | 4,187.95 | 0.00 | 0.00 | | NA | | NA |
| 96-A | | ACT/360 | | 31 | | 7.548612903% | | 10,457.38 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 10,457.38 | 10,457.38 | 0.00 | 0.00 | | NA | | NA |
| 96-B | | ACT/360 | | 31 | | 7.548612903% | | 1,976.13 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 1,976.13 | 1,976.13 | 0.00 | 0.00 | | NA | | NA |
| 97-A | | ACT/360 | | 31 | | 7.298612903% | | 9,042.40 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 9,042.40 | 9,042.40 | 0.00 | 0.00 | | NA | | NA |
| 97-B | | ACT/360 | | 31 | | 7.298612903% | | 1,898.62 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 1,898.62 | 1,898.62 | 0.00 | 0.00 | | NA | | NA |
| 106-A | | ACT/360 | | 31 | | 7.298612903% | | 5,919.51 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 5,919.51 | 5,919.51 | 0.00 | 0.00 | | NA | | NA |
| 106-B | | ACT/360 | | 31 | | 7.298612903% | | 1,771.17 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 1,771.17 | 1,771.17 | 0.00 | 0.00 | | NA | | NA |
| A-1 | | 30/360 | | 30 | | 5.585000000% | | 589,193.80 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 589,193.80 | 589,193.80 | 0.00 | 0.00 | | 82.01% | | 82.60% |
| A-2 | | 30/360 | | 30 | | 6.141000000% | | 2,203,917.90 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 2,203,917.90 | 2,203,917.90 | 0.00 | 0.00 | | 22.88% | | 23.20% |
| IO-I | | 30/360 | | 30 | | 0.623502564% | | 376,108.51 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 376,108.51 | 376,108.51 | 0.00 | 0.00 | | NA | | NA |
| IO-II | | 30/360 | | 30 | | 1.204980102% | | 446,163.97 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 446,163.97 | 446,163.97 | 0.00 | 0.00 | | NA | | NA |
| B | | 30/360 | | 30 | | 6.320000000% | | 139,050.53 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 139,050.53 | 139,050.53 | 0.00 | 0.00 | | 19.25% | | 19.55% |
| C | | 30/360 | | 30 | | 6.509000000% | | 177,771.64 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 177,771.64 | 177,771.64 | 0.00 | 0.00 | | 14.75% | | 15.03% |
| D | | 30/360 | | 30 | | 6.622000000% | | 50,238.91 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 50,238.91 | 50,238.91 | 0.00 | 0.00 | | 13.50% | | 13.78% |
| E | | 30/360 | | 30 | | 6.868000000% | | 46,896.99 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 46,896.99 | 46,896.99 | 0.00 | 0.00 | | 12.38% | | 12.65% |
| F | | 30/360 | | 30 | | 6.966000000% | | 73,990.53 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 73,990.53 | 73,990.53 | 0.00 | 0.00 | | 10.63% | | 10.89% |
| G | | 30/360 | | 30 | | 7.440685518% | | 62,092.52 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 62,092.52 | 62,092.52 | 0.00 | 0.00 | | 9.25% | | 9.51% |
| H | | 30/360 | | 30 | | 5.967000000% | | 72,434.41 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 72,434.41 | 72,434.41 | 0.00 | 0.00 | | 7.25% | | 7.50% |
| J | | 30/360 | | 30 | | 5.967000000% | | 72,429.44 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 72,429.44 | 72,429.44 | 0.00 | 0.00 | | 5.25% | | 5.49% |
| K | | 30/360 | | 30 | | 5.967000000% | | 27,164.77 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 27,164.77 | 27,164.77 | 0.00 | 0.00 | | 4.50% | | 4.73% |
| L | | 30/360 | | 30 | | 5.967000000% | | 27,159.80 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 27,159.80 | 27,159.80 | 0.00 | 0.00 | | 3.75% | | 3.98% |
| M | | 30/360 | | 30 | | 5.967000000% | | 36,214.72 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 36,214.72 | 36,214.72 | 0.00 | 0.00 | | 2.75% | | 2.98% |
| N | | 30/360 | | 30 | | 5.967000000% | | 18,109.85 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 18,109.85 | 18,109.85 | 0.00 | 0.00 | | 2.25% | | 2.47% |
| O | | 30/360 | | 30 | | 5.967000000% | | 81,488.03 | | 0.00 | 0.00 | 0.00 | | 2,950.93 | 0.00 | 0.00 | 0.00 | 84,438.96 | 79,960.54 | (1,527.49) | 4,478.42 | | 0.00% | | 0.21% |
| Z | | 30/360 | | 30 | | 0.000000000% | | 0.00 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | NA | | NA |
| 4,552,465.40 | 0.00 | 0.00 | | 0.00 | 2,950.93 | 0.00 | 0.00 | 0.00 | 4,555,416.33 | 4,550,937.91 | (1,527.49) | 4,478.42 |
|
| (1) OTHER INTEREST PROCEEDS ARE ADDITIONAL INTEREST AMOUNTS SPECIFICALLY ALLOCATED TO THE BOND(S) AND USED IN DETERMINING THE BONDS DISTRIBUTABLE INTEREST. |
| (2) ACCRUED - DEDUCTIONS + ADDITIONS INTEREST |
| (3) WHERE APPLICABLE. |
| (4) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A). |
| PAGE 7 OF 21 |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PAYMENT DATE: | | 11/12/2002 |
| PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
| ABN AMRO ACCT: 67-8956-70-7 |
| RATING INFORMATION |
|
| ORIGINAL RATINGS | | RATING CHANGE/CHANGE DATE(1) |
| CLASS | | CUSIP | | FITCH | | MOODY'S | | S&P | | FITCH | | MOODY'S | | S&P |
|
| 75-A |
| 75-B | | NR | | NR | | NR |
| 96-A |
| 96-B | | NR | | NR | | NR |
| 97-A |
| 97-B | | NR | | NR | | NR |
| 106-A |
| 106-B | | NR | | NR | | NR |
| R-I |
| A-1 | | 33736XFS3 | | NR | | AAA | | AAA |
| A-2 | | 33736XFT1 | | NR | | AAA | | AAA |
| IO-I | | 33736XFX2 | | NR | | AAA | | AAA |
| IO-II | | 33736XFY0 | | NR | | AAA | | AAA |
| B | | 33736XFU8 | | NR | | AA2 | | AA |
| C | | 33736XFV6 | | NR | | A2 | | A |
| D | | 33736XFW4 | | NR | | A3 | | A- |
| E | | 33736XFZ7 | | NR | | BAA1 | | BBB+ |
| F | | 33736XGA1 | | NR | | BAA2 | | BBB |
| G | | 33736XGB9 | | NR | | BAA3 | | BBB- |
| H | | 33736XGC7 | | NR | | BA1 | | BB+ |
| J | | 33736XGD5 | | NR | | BA2 | | BB |
| K | | 33736XGE3 | | NR | | BA3 | | BB- |
| L | | 33736XGF0 | | NR | | B1 | | B+ |
| M | | 33736XGG8 | | NR | | B2 | | B |
| N | | 33736XGH6 | | NR | | B3 | | B- |
| O | | 33736XGJ2 | | NR | | NR | | NR |
| R-II |
| Z | | NR | | NR | | NR |
|
|
| NR - DESIGNATES THAT THE CLASS WAS NOT RATED BY THE RATING AGENCY. |
| |
| (1) CHANGED RATINGS PROVIDED ON THIS REPORT ARE BASED ON INFORMATION PROVIDED BY THE APPLICABLE RATING AGENCY VIA ELECTRONIC TRANSMISSION. IT SHALL BE |
| UNDERSTOOD THAT THIS TRANSMISSION WILL GENERALLY HAVE BEEN PROVIDED TO LASALLE WITHIN 30 DAYS OF THE PAYMENT DATE LISTED ON THIS STATEMENT. BECAUSE RATINGS MAY HAVE CHANGED DURING THE 30 DAY WINDOW, OR MAY NOT BE BEING PROVIDED BY THE RATING AGENCY IN AN ELECTRONIC FORMAT AND THEREFORE NOT BEING UPDATED ON |
| THIS REPORT, LASALLE RECOMMENDS THAT INVESTORS OBTAIN CURRENT RATING INFORMATION DIRECTLY FROM THE RATING AGENCY. |
|
|
|
|
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 8 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| |
| STATEMENT DATE: | | 11/12/2002 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES |
| PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
|
| ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY |
|
|
|
| DELINQUENCY AGING CATEGORIES | | SPECIAL EVENT CATEGORIES (1) |
|
| |
| DISTRIBUTION |
| DATE |
DELINQ 1 MONTH | DELINQ 2 MONTHS | | DELINQ 3+ MONTHS | | FORECLOSURE | | REO | MODIFICATIONS | | SPECIALLY SERVICED | | BANKRUPTCY | | # BALANCE | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE | | # BALANCE |
|
|
| 11/12/02 | | 0 | 0 | | 0 | | 0 | | 2 | | 6,191,778 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 2 | 6,191,778 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 1.82% | | 0.85% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 1.82% | | 0.85% | | 0.00% | | 0.00% |
| 10/15/02 | | 0 | 0 | | 0 | | 0 | | 2 | | 6,201,750 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 2 | 6,201,750 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 1.82% | | 0.85% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 1.82% | | 0.85% | | 0.00% | | 0.00% |
| 9/12/02 | | 0 | 0 | | 1 | | 2,265,974 | | 1 | | 3,947,052 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 2 | 6,213,026 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.91% | | 0.31% | | 0.91% | | 0.54% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 1.82% | | 0.86% | | 0.00% | | 0.00% |
| 8/12/02 | | 1 | 2,269,577 | | 1 | | 3,953,276 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 |
| 0.91% | | 0.31% | | 0.91% | | 0.54% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 7/12/02 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 6/12/02 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 5/13/02 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 4/12/02 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 3/12/02 | | 0 | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | 0 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| (1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 10 OF 21 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | FIRST UNION NATIONAL BANK, AS SERVICER | | STATEMENT DATE: | | 11/12/2002 |
| PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
| ABN AMRO ACCT: 67-8956-70-7 |
| ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY |
|
|
| ENDING POOL (1) | | PAYOFFS(2) | | PENALTIES | | APPRAISAL REDUCT. (2) | | LIQUIDATIONS (2) | | REALIZED LOSSES (2) | | REMAINING TERM | CURR WEIGHTED AVG. |
| |
| DISTRIBUTION |
| DATE |
| | # BALANCE | | # BALANCE | | # AMOUNT | | # BALANCE | | # BALANCE | | # AMOUNT | | LIFE | | AMORT | | COUPON REMIT |
| 11/12/02 | | 110 | | 724,933,837 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 106 | | 339 | | 7.52% | | 7.46% |
| 100.00% | | 99.53% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 10/15/02 | | 110 | | 725,416,909 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 107 | | 340 | | 7.27% | | 7.22% |
| 100.00% | | 99.60% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 9/12/02 | | 110 | | 726,033,731 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 108 | | 341 | | 7.52% | | 7.46% |
| 100.00% | | 99.69% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 8/12/02 | | 110 | | 726,509,924 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 109 | | 342 | | 7.52% | | 7.46% |
| 100.00% | | 99.75% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 7/12/02 | | 110 | | 726,983,139 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 110 | | 343 | | 7.27% | | 7.22% |
| 100.00% | | 99.82% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 6/12/02 | | 110 | | 727,590,478 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 111 | | 344 | | 7.51% | | 7.46% |
| 100.00% | | 99.90% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 5/13/02 | | 110 | | 728,051,095 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 112 | | 345 | | 7.27% | | 7.22% |
| 100.00% | | 99.96% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 4/12/02 | | 110 | | 728,644,185 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 113 | | 346 | | 7.51% | | 7.46% |
| 100.00% | | 100.04% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 3/12/02 | | 110 | | 729,098,210 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 114 | | 347 | | 7.27% | | 7.22% |
| 100.00% | | 100.11% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| (1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD. |
| PAGE 11 OF 21 |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. | STATEMENT DATE: | | 11/12/2002 |
|
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| NEXT PAYMENT: | | 12/12/2002 |
| SERIES 2002-C1 | RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| DELINQUENT LOAN DETAIL |
|
| |
|
| DISCLOSURE |
| CONTROL # |
| | | PAID |
| THRU |
| DATE |
| | |
| CURRENT P&I |
| ADVANCE |
| | | OUTSTANDING |
| P&I |
| ADVANCES** |
| | | OUT. PROPERTY |
| PROTECTION |
| ADVANCES |
| | |
| ADVANCE |
| DESCRIPTION (1) |
| | | SPECIAL |
| SERVICER |
| TRANSFER DATE |
| | |
| FORECLOSURE |
| DATE |
| | |
| BANKRUPTCY |
| DATE |
| | |
| REO |
| DATE |
| | | | | | | | | |
| | | | | | | | | |
|
| 6 | | 10/1/02 | | 120,683.33 | | 120,683.33 | | 0.00 | | A |
| 10 | | 10/1/02 | | 109,502.98 | | 109,502.98 | | 0.00 | | A |
| 11 | | 10/1/02 | | 106,511.57 | | 106,511.57 | | 0.00 | | A |
| 14 | | 10/1/02 | | 100,476.35 | | 100,476.35 | | 0.00 | | A |
| 16 | | 10/1/02 | | 82,269.96 | | 82,269.96 | | 0.00 | | A |
| 18 | | 10/1/02 | | 73,093.99 | | 73,093.99 | | 0.00 | | A |
| 22 | | 10/1/02 | | 65,519.41 | | 65,519.41 | | 0.00 | | A |
| 24 | | 10/1/02 | | 71,079.25 | | 71,079.25 | | 0.00 | | A |
| 26 | | 10/1/02 | | 59,825.50 | | 59,825.50 | | 0.00 | | A |
| 33 | | 10/1/02 | | 47,582.52 | | 47,582.52 | | 0.00 | | A |
| 41 | | 10/1/02 | | 41,983.97 | | 41,983.97 | | 0.00 | | A |
| 45 | | 10/1/02 | | 37,360.47 | | 37,360.47 | | 0.00 | | A |
| 47 | | 10/1/02 | | 34,485.53 | | 34,485.53 | | 0.00 | | A |
| 48 | | 10/1/02 | | 33,377.77 | | 33,377.77 | | 0.00 | | A |
| 49 | | 10/1/02 | | 34,685.75 | | 34,685.75 | | 0.00 | | A |
| 56 | | 10/1/02 | | 31,897.31 | | 31,897.31 | | 0.00 | | A |
| 59 | | 10/1/02 | | 27,461.32 | | 27,461.32 | | 0.00 | | A |
| 60 | | 10/1/02 | | 25,778.60 | | 25,778.60 | | 0.00 | | A |
| 61 | | 5/1/02 | | 33,293.44 | | 166,464.41 | | 0.00 | | 3 | | 8/19/02 |
| 62 | | 10/1/02 | | 31,403.48 | | 31,403.48 | | 0.00 | | A |
| 65 | | 10/1/02 | | 25,460.21 | | 25,460.21 | | 0.00 | | A |
| 70 | | 10/1/02 | | 21,100.47 | | 21,100.47 | | 0.00 | | A |
| 74 | | 10/1/02 | | 19,511.98 | | 19,511.98 | | 0.00 | | A |
| 80 | | 6/1/02 | | 19,143.87 | | 95,717.78 | | 0.00 | | 3 | | 8/23/02 |
| 84 | | 10/1/02 | | 13,884.51 | | 13,884.51 | | 0.00 | | A |
| 102 | | 10/1/02 | | 8,341.15 | | 8,341.15 | | 0.00 | | A |
| 105 | | 10/1/02 | | 6,645.28 | | 6,645.28 | | 0.00 | | A |
| TOTAL | | 1,282,360.00 | | 1,492,104.88 |
| A. P&I ADVANCE - LOAN IN GRACE PERIOD | 1. P&I ADVANCE - LOAN DELINQ. 1 MONTH | 3. P&I ADVANCE - LOAN DELINQUENT 3 + MONTHS | | 7. P &I ADVANCE (FORECLOSURE) |
| B. P&I ADVANCE - LATE PAYMENT BUT<1 MONTH DELINQ. | 2. P&I ADVANCE - LOAN DELINQ. 2 MONTHS | 4. MATURED BALLOON/ASSUMED SCHED. PAYMENT | 9. P&I ADVANCE (REO) |
|
| ** OUTSTANDING P&I ADVANCES INCLUDE THE CURRENT PERIOD P&I ADVANCE |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 12 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 11/12/2002 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
|
| LOAN LEVEL DETAIL |
|
|
| |
|
| DISCLOSURE |
| CONTROL # |
| | |
|
| GROUP |
| | |
| PROPERTY |
| TYPE |
| | |
| MATURITY |
| DATE |
| | |
| PFY |
| DSCR |
| | | OPERATING |
| STATEMENT |
| DATE |
| |
| GEO. LOCATION |
| | | ENDING |
| PRINCIPAL |
| BALANCE |
| | |
| NOTE |
| RATE |
| | |
| SCHEDULED |
| P&I |
| | |
| PREPAYMENT |
| AMOUNT |
| | |
| PREPAYMENT |
| DATE |
| | | LOAN |
| STATUS |
| CODE (1) |
| | | | | | | | | | | |
| | | | | | | | | | | |
|
| 1 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | CA | | 34,726,787 | | 6.90000% | | 230,510 |
| 2 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | CA | | 27,431,297 | | 7.58000% | | 194,497 |
| 3 | FUNB02CA | | OFFICE | | 2/1/12 | | 0.00 | | NY | | 25,828,622 | | 7.25000% | | 177,366 |
| 4 | FUNB02CA | | SELF STORAGE | | 1/1/12 | | 0.00 | | VV | | 25,507,243 | | 7.56000% | | 191,556 |
| 5 | FUNB02CA | | MIXED USE | | 12/1/09 | | 0.00 | | CA | | 20,116,523 | | 7.25000% | | 138,141 |
| 6 | FUNB02CA | | RETAIL | | 7/1/11 | | 0.00 | | MI | | 20,000,000 | | 7.08000% | | 121,933 | | A |
| 7 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | AZ | | 19,000,000 | | 6.82000% | | 111,583 |
| 8 | FUNB02CA | | RETAIL | | 12/1/11 | | 0.00 | | FL | | 18,339,655 | | 6.81000% | | 120,729 |
| 9 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | VA | | 16,745,648 | | 6.98000% | | 112,043 |
| 10 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | IN | | 16,033,675 | | 7.25000% | | 110,171 | | A |
| 11 | FUNB02CA | | MULTIFAMILY | | 8/1/10 | | 1.23 | | FL | | 15,886,012 | | 6.92000% | | 107,174 | | A |
| 12 | FUNB02CA | | OFFICE | | 1/1/12 | | 0.00 | | NY | | 15,884,756 | | 7.25000% | | 109,148 |
| 13 | FUNB02CA | | OFFICE | | 12/1/11 | | 0.00 | | NY | | 15,778,642 | | 7.35000% | | 109,547 |
| 14 | FUNB02CA | | MULTIFAMILY | | 9/1/11 | | 0.00 | | PA | | 14,167,187 | | 7.61000% | | 101,067 | | A |
| 15 | FUNB02CA | | LODGING | | 1/1/11 | | 0.00 | | FL | | 13,706,875 | | 7.61000% | | 103,837 |
| 16 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | MI | | 12,307,405 | | 7.04900% | | 83,040 | | A |
| 17 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | NY | | 10,908,226 | | 7.60000% | | 77,492 |
| 18 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | IL | | 10,869,389 | | 7.10000% | | 73,547 | | A |
| 19 | FUNB02CA | | OFFICE | | 2/1/12 | | 0.00 | | MN | | 10,864,378 | | 7.34000% | | 75,265 |
| 20 | FUNB02CA | | MOBILE HOME PARK | | 11/1/11 | | 0.00 | | FL | | 9,975,732 | | 7.44000% | | 70,206 |
| 21 | FUNB02CA | | RETAIL | | 12/1/11 | | 0.00 | | VA | | 9,806,292 | | 7.15000% | | 66,460 |
| 22 | FUNB02CA | | MULTIFAMILY | | 2/1/12 | | 0.00 | | NV | | 9,733,338 | | 7.11000% | | 65,925 | | A |
| 23 | FUNB02CA | | MULTIFAMILY | | 9/1/10 | | 0.00 | | FL | | 9,706,541 | | 7.25000% | | 67,535 |
| 24 | FUNB02CA | | INDUSTRIAL | | 2/1/12 | | 0.00 | | MA | | 9,651,953 | | 7.41000% | | 71,482 | | A |
| 25 | FUNB02CA | | MULTIFAMILY | | 2/1/09 | | 0.00 | | MD | | 9,616,661 | | 7.04000% | | 66,565 |
| 26 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | NC | | 8,932,155 | | 7.05300% | | 60,198 | | A |
| 27 | FUNB02CA | | OFFICE | | 1/1/12 | | 0.00 | | CA | | 8,837,964 | | 7.39000% | | 61,561 |
| 28 | FUNB02CA | | OFFICE | | 1/1/12 | | 0.00 | | TX | | 8,739,810 | | 7.47000% | | 61,350 |
| 29 | FUNB02CA | | RETAIL | | 5/1/11 | | 0.00 | | PA | | 8,706,043 | | 8.00000% | | 64,571 |
| 30 | FUNB02CA | | MIXED USE | | 1/1/12 | | 0.00 | | FL | | 8,212,491 | | 7.40000% | | 57,260 |
| 31 | FUNB02CA | | RETAIL | | 11/1/11 | | 0.00 | | NV | | 7,928,324 | | 7.10000% | | 53,763 |
| 32 | FUNB02CA | | RETAIL | | 9/1/11 | | 0.00 | | CA | | 7,921,675 | | 7.39000% | | 55,336 |
| 33 | FUNB02CA | | MOBILE HOME PARK | | 1/1/12 | | 0.00 | | NY | | 7,825,000 | | 7.11000% | | 47,909 | | A |
| 34 | FUNB02CA | | INDUSTRIAL | | 11/1/11 | | 0.00 | | TX | | 7,682,945 | | 7.25000% | | 52,869 |
| 35 | FUNB02CA | | MULTIFAMILY | | 2/1/11 | | 0.00 | | NC | | 7,511,843 | | 7.36000% | | 52,614 |
| 36 | FUNB02CA | | LODGING | | 9/1/11 | | 0.00 | | VA | | 7,397,665 | | 8.14000% | | 58,584 |
| 37 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | CA | | 7,338,627 | | 7.00000% | | 49,232 |
| 38 | FUNB02CA | | MULTIFAMILY | | 7/1/11 | | 0.00 | | CA | | 6,929,796 | | 7.76000% | | 50,197 |
| 39 | FUNB02CA | | INDUSTRIAL | | 12/1/11 | | 1.44 | | CA | | 6,794,833 | | 7.12500% | | 46,150 |
| 40 | FUNB02CA | | RETAIL | | 12/1/09 | | 0.00 | | CA | | 6,457,156 | | 7.25000% | | 44,341 |
| 41 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | FL | | 6,301,547 | | 7.00000% | | 42,247 | | A |
| 42 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | KS | | 5,651,613 | | 6.90000% | | 37,540 |
| 43 | FUNB02CA | | OFFICE | | 2/1/12 | | 0.00 | | VA | | 5,462,252 | | 7.07000% | | 36,851 |
| 44 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | WA | | 5,459,455 | | 7.15000% | | 37,147 |
| 45 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | NC | | 5,411,742 | | 7.36000% | | 37,586 | | A |
| 46 | FUNB02CA | | MULTIFAMILY | | 7/1/11 | | 0.00 | | AZ | | 5,290,704 | | 7.36000% | | 36,896 |
| 47 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | NV | | 5,157,175 | | 7.03000% | | 34,701 | | A |
| 48 | FUNB02CA | | MULTIFAMILY | | 12/1/08 | | 0.00 | | NY | | 5,056,706 | | 6.90000% | | 33,589 | | A |
| 49 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | TN | | 4,965,877 | | 7.48000% | | 34,893 | | A |
| 50 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | NV | | 4,945,576 | | 7.50000% | | 36,950 |
| 51 | FUNB02CA | | OFFICE | | 1/1/12 | | 0.00 | | AR | | 4,840,618 | | 7.34000% | | 33,554 |
| 52 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | KY | | 4,763,374 | | 7.00000% | | 31,935 |
| 53 | FUNB02CA | | LODGING | | 1/1/12 | | 0.00 | | OR | | 4,705,360 | | 8.30000% | | 37,610 |
| 54 | FUNB02CA | | LODGING | | 1/1/12 | | 0.00 | | MO | | 4,705,360 | | 8.30000% | | 37,610 |
| 55 | FUNB02CA | | MULTIFAMILY | | 8/1/11 | | 0.00 | | SC | | 4,649,415 | | 7.24500% | | 32,046 |
| 56 | FUNB02CA | | MULTIFAMILY | | 9/1/06 | | 0.00 | | FL | | 4,459,110 | | 7.70000% | | 32,083 | | A |
| 57 | FUNB02CA | | INDUSTRIAL | | 1/1/12 | | 0.00 | | CA | | 4,345,850 | | 7.58000% | | 30,831 |
| 58 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | VA | | 3,976,167 | | 7.69000% | | 28,491 |
| 59 | FUNB02CA | | MULTIFAMILY | | 2/1/12 | | 0.00 | | FL | | 3,974,372 | | 7.37500% | | 27,627 | | A |
| 60 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | KS | | 3,964,850 | | 6.75000% | | 25,944 | | A |
| 61 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | KY | | 3,933,592 | | 8.00000% | | 33,458 | | 3 |
| 62 | FUNB02CA | | LODGING | | 9/1/11 | | 0.00 | | TN | | 3,909,344 | | 7.50000% | | 31,567 | | A |
| 63 | FUNB02CA | | RETAIL | | 11/1/11 | | 0.00 | | GA | | 3,884,879 | | 7.10000% | | 26,344 |
| 64 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | CO | | 3,825,192 | | 7.35000% | | 26,525 |
| 65 | FUNB02CA | | RETAIL | | 12/1/11 | | 0.00 | | CO | | 3,711,040 | | 7.29000% | | 25,615 | | A |
| 66 | FUNB02CA | | MULTIFAMILY | | 12/1/08 | | 0.00 | | VA | | 3,634,492 | | 7.12500% | | 24,685 |
| 67 | FUNB02CA | | RETAIL | | 11/1/11 | | 0.00 | | GA | | 3,607,387 | | 7.10000% | | 24,462 |
| 68 | FUNB02CA | | OFFICE | | 11/1/11 | | 0.00 | | MD | | 3,271,448 | | 7.25000% | | 22,512 |
| 69 | FUNB02CA | | RETAIL | | 11/1/11 | | 0.00 | | AZ | | 3,124,554 | | 7.07000% | | 21,125 |
| 70 | FUNB02CA | | INDUSTRIAL | | 1/1/12 | | 0.00 | | UT | | 3,053,465 | | 7.37000% | | 21,228 | | A |
| 71 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | IL | | 3,004,225 | | 7.25400% | | 20,651 |
| 72 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | CO | | 2,956,040 | | 7.17300% | | 20,146 |
| 73 | FUNB02CA | | MIXED USE | | 11/1/11 | | 0.00 | | CO | | 2,825,341 | | 7.25000% | | 19,442 |
| 74 | FUNB02CA | | MULTIFAMILY | | 6/1/11 | | 0.00 | | TX | | 2,719,895 | | 7.71000% | | 19,625 | | A |
| 75 | FUNB02CB | | INDUSTRIAL | | 12/10/11 | | 0.00 | | MD | | 2,668,034 | | 7.35000% | | 19,697 |
| 76 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | IL | | 2,551,966 | | 7.10700% | | 17,317 |
| 77 | FUNB02CA | | OFFICE | | 11/1/11 | | 0.00 | | VA | | 2,453,233 | | 7.18000% | | 16,767 |
| 78 | FUNB02CA | | RETAIL | | 12/1/11 | | 0.00 | | CA | | 2,350,982 | | 7.12500% | | 18,788 |
| 79 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | IL | | 2,368,895 | | 7.52400% | | 16,715 |
| 80 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | KY | | 2,258,185 | | 8.00000% | | 19,238 | | 3 |
| 81 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | IL | | 2,159,768 | | 7.37000% | | 15,015 |
| 82 | FUNB02CA | | MOBILE HOME PARK | | 1/1/12 | | 0.00 | | NJ | | 2,134,676 | | 7.29500% | | 14,732 |
| 83 | FUNB02CA | | MOBILE HOME PARK | | 2/1/12 | | 0.00 | | FL | | 2,120,542 | | 7.13000% | | 14,391 |
| 84 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | VA | | 2,082,583 | | 7.00000% | | 13,971 | | A |
| 85 | FUNB02CA | | RETAIL | | 2/1/12 | | 0.00 | | MS | | 2,048,997 | | 7.28000% | | 14,112 |
| 86 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | MI | | 2,048,141 | | 7.25000% | | 14,073 |
| 87 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | FL | | 2,003,155 | | 7.55000% | | 15,030 |
| 88 | FUNB02CA | | RETAIL | | 12/1/11 | | 0.00 | | NC | | 1,992,451 | | 7.29000% | | 13,753 |
| 89 | FUNB02CA | | MOBILE HOME PARK | | 2/1/12 | | 0.00 | | FL | | 1,986,456 | | 7.13000% | | 13,481 |
| 90 | FUNB02CA | | MULTIFAMILY | | 12/1/06 | | 0.00 | | TX | | 1,983,022 | | 6.90000% | | 13,172 |
| 91 | FUNB02CA | | MULTIFAMILY | | 12/1/11 | | 0.00 | | TX | | 1,856,825 | | 7.29500% | | 13,643 |
| 92 | FUNB02CA | | RETAIL | | 1/1/12 | | 0.00 | | AL | | 1,862,236 | | 7.49000% | | 13,097 |
| 93 | FUNB02CA | | MULTIFAMILY | | 1/1/12 | | 0.00 | | VA | | 1,787,335 | | 7.35000% | | 12,402 |
| 94 | FUNB02CA | | RETAIL | | 12/1/11 | | 0.00 | | NY | | 1,748,918 | | 7.31000% | | 12,095 |
| 95 | FUNB02CA | | OFFICE | | 12/1/09 | | 0.00 | | CA | | 1,662,629 | | 7.25000% | | 12,143 |
| 96 | FUNB02CC | | RETAIL | | 12/10/11 | | 0.00 | | IN | | 1,607,185 | | 7.60000% | | 12,123 |
| 97 | FUNB02CD | | INDUSTRIAL | | 12/10/11 | | 0.00 | | FL | | 1,437,241 | | 7.35000% | | 10,611 |
| 98 | FUNB02CA | | RETAIL | | 10/1/11 | | 0.00 | | MN | | 1,437,340 | | 7.50000% | | 10,139 |
| 99 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | IL | | 1,367,656 | | 7.10700% | | 9,281 |
| 100 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | IL | | 1,337,924 | | 7.10700% | | 9,079 |
| 101 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | IL | | 1,288,371 | | 7.10700% | | 8,743 |
| 102 | FUNB02CA | | MULTIFAMILY | | 5/1/11 | | 0.00 | | AZ | | 1,185,453 | | 7.50000% | | 8,391 | | A |
| 103 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | IL | | 1,159,534 | | 7.10700% | | 7,868 |
| 104 | FUNB02CA | | MULTIFAMILY | | 11/1/11 | | 0.00 | | LA | | 1,149,667 | | 7.12500% | | 7,815 |
| 105 | FUNB02CA | | MULTIFAMILY | | 12/1/06 | | 0.00 | | NY | | 991,803 | | 7.05000% | | 6,687 | | A |
| 106 | FUNB02CE | | INDUSTRIAL | | 12/10/11 | | 0.00 | | NY | | 940,874 | | 7.35000% | | 6,946 |
| 107 | FUNB02CF | | INDUSTRIAL | | 12/10/11 | | 0.00 | | MD | | 662,186 | | 7.35000% | | 8,380 |
| 108 | FUNB02CG | | RETAIL | | 12/10/11 | | 0.00 | | IN | | 302,137 | | 7.60000% | | 3,863 |
| 109 | FUNB02CH | | INDUSTRIAL | | 12/10/11 | | 0.00 | | FL | | 300,204 | | 7.35000% | | 3,799 |
| 110 | FUNB02CI | | INDUSTRIAL | | 12/10/11 | | 0.00 | | NY | | 280,052 | | 7.35000% | | 3,544 |
| 724,933,837 | | 5,027,171 | | 0 |
|
| |
| * NOI AND DSCR, IF AVAILABLE AND REPORTABLE UNDER THE TERMS OF THE TRUST AGREEMENT, ARE BASED ON INFORMATION OBTAINED FROM THE RELATED BORROWER, AND NO OTHER PARTY TO THE AGREEMENT SHALL BE HELD LIABLE FOR THE |
| ACCURACY OR METHODOLOGY USED TO DETERMINE SUCH FIGURES. |
|
| (1) LEGEND: | | A. P&I ADV - IN GRACE PERIOD | | 1. P&I ADV - DELINQUENT 1 MONTH | | 3. P&I ADV - DELINQUENT 3+ MONTHS | | 7. FORECLOSURE |
| B. P&I ADV -<ONE MONTH DELINQ | | 2. P&I ADV - DELINQUENT 2 MONTHS | | 4. MAT. BALLOON/ASSUMED P&I | | 9. REO |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 13 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 11/12/2002 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
|
| SPECIALLY SERVICED (PART I) ~ LOAN DETAIL (END OF PERIOD) |
|
| |
| LOAN |
| STATUS |
| CODE(1) |
| |
| DISCLOSURE |
| CONTROL # |
| | SERVICING |
| XFER DATE |
| BALANCE | | | | NOTE |
| RATE |
| | | MATURITY |
| DATE |
| REMAINING | | | | PROPERTY |
| TYPE |
| | GEO. |
| LOCATION |
| | |
| NOI |
| | |
| DSCR |
| | | NOI |
| DATE |
| | | | | | |
| SCHEDULE | | ACTUAL | | LIFE | | AMORT. |
| 61 | | 8/19/02 | | 3 | | 3,933,592 | 3,972,563 | | 8.00% | | 1/1/12 | | 110 | | 230 | | MULTIFAMILY | | KY | | NOT AVAIL. | | NOT AVAIL. | | NOT AVAIL. |
| 80 | | 8/23/02 | | 3 | | 2,258,185 | 2,277,212 | | 8.00% | | 12/1/11 | | 109 | | 229 | | MULTIFAMILY | | KY | | NOT AVAIL. | | NOT AVAIL. | | NOT AVAIL. |
|
|
|
| 2 | | 6,191,778 | | 6,249,775 |
|
| (1) LEGEND: | | A. P&I ADV - IN GRACE PERIOD | | 1. P&I ADV - DELINQUENT 1 MONTH | | 3. P&I ADV - DELINQUENT 3+ MONTHS | | 7. FORECLOSURE |
| B. P&I ADV -<ONE MONTH DELINQ | | 2. P&I ADV - DELINQUENT 2 MONTHS | | 4. MAT. BALLOON/ASSUMED P&I | | 9. REO |
|
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 18 OF 21 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
| | LASALLE BANK |
| | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. | | STATEMENT DATE: | | 11/12/2002 |
|
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| NEXT PAYMENT: | | 12/12/2002 |
| SERIES 2002-C1 | RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS (END OF PERIOD) |
|
|
| |
| DISCLOSURE |
| CONTROL # |
| | | RESOLUTION |
| STRATEGY |
| | |
| COMMENTS |
| | |
| 61 | | OTHER/TBD | | THIS LOAN WAS TRANSFERRED TO SS ON 8/19/02 AS THE LOAN WAS DUE FOR THE 6/02 DEBT SERVICE PAYMENT. ON 8/16/02, THE JEFFERSON COUNTY CIRCUIT COURT ENTERED AN ORDER GRANTING TEMPORARY INJUNCTION AND ORDER APPOINTING RECEIVER ON BEHALF OF PLAINTIFF JEFFERSON COUNTY HEALTH DEPT AND AGAINST DEFENDANT BORROWER (LAKE IN THE WOODS LLC AND SOUTH HILL LLC), AS WELL AS ORIGINATOR METROPOLITAN FUNDING CORP. THE COURT APPOINTED A RECEIVER ON THE COUNTY HEALTH DEPT'S MOTION, HOWEVER, THE RECEIVER DECLINED THE ASSIGNMENT. A NEW RECEIVER WAS APPOINTED ON 9/13/02. AM IS RESEARCHING THE POSSIBILITY OF A BREACH PUT-BACK CLAIM, DUE TO THE ON-GOING POOR CONDITION OF THE PROPERTY, APPARENTLY SINCE EVEN PRIOR TO THE SECURITIZATION. AM IS IN RECEIPT OF DRAFT ENVIRONMENTAL AND PROPERTY CONDITION REPORTS, AND IS EXPECTING RECEIPT OF THE DRAFT APPRAISAL BY 11/1/02. |
| 80 | | OTHER/TBD | | THIS LOAN WAS TRANSFERRED TO SS ON 8/19/02 AS THE BORROWER FAILED TO ABIDE BY TERMS OF THE CASH MGMT AGRMNT AND THE LOAN WAS DUE FOR THE 7/02 DEBT SERVICE PAYMENT. ON 8/16/02, THE JEFFERSON CNTY CIRCUIT CRT ENTERED AN ORDER GRANTING TEMP INJNCTN AND ORDER APPTING RECVR ON BEHALF OF PLAINTIFF JEFFERSON COUNTY HEALTH DEPT AND AGAINST DEFENDANT BORROWER (LAKE IN THE WOODS LLC AND SOUTH HILL LLC), AS WELL AS ORIGINATOR METROPOLITAN FUNDING CORP. THE COURT APPOINTED A RECEIVER ON THE COUNTY HEALTH DEPT'S MOTION, BUT THE RECEIVER DECLINED THE ASSIGNMENT. A NEW RECEIVER WAS APPOINTED ON 9/13/02. AM IS RESEARCHING A BREACH PUT-BACK CLAIM, DUE TO THE POOR CONDITION OF THE PROPERTY, APPARENTLY SINCE EVEN PRIOR TO THE SECURITIZATION. AM IS IN RECEIPT OF DRAFT ENVIRONMENTAL AND PROPERTY CONDITION REPORTS AND IS EXPECTING TO RECEIVE THE DRAFT APPRAISAL BY 11/1/02. |
|
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 19 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 11/12/2002 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| MODIFIED LOAN DETAIL |
|
|
| |
| CUTOFF |
| MATURITY |
| DATE |
| | | MODIFIED |
| MATURITY |
| DATE |
| |
| DISCLOSURE |
| CONTROL # |
| | | MODIFICATION |
| DATE |
| | | | | MODIFICATION |
| DESCRIPTION |
| | | | |
|
|
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 20 OF 21 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 11/12/2002 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 11/12/2002 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 10/15/2002 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 12/12/2002 |
| RECORD DATE: | | 10/31/2002 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| REALIZED LOSS DETAIL |
|
| |
| BEGINNING |
| SCHEDULED |
| BALANCE |
| | | GROSS PROCEEDS |
| AS A % OF |
| SCHED. BALANCE |
| | | AGGREGATE |
| LIQUIDATION |
| EXPENSES * |
| | | NET |
| LIQUIDATION |
| PROCEEDS |
| | | NET PROCEEDS |
| AS A % OF |
| SCHED. BALANCE |
| |
|
| PERIOD |
| | | DISCLOSURE |
| CONTROL # |
| | | APPRAISAL |
| DATE |
| | | APPRAISAL |
| VALUE |
| | | | GROSS |
| PROCEEDS |
| | | | | | | REALIZED |
| LOSS |
| | | | | | | | | | |
| | | | | | |
|
| CURRENT TOTAL |
| CUMULATIVE |
| * AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC.. |
| 11/08/2002 - 09:08 () 2002 LASALLE BANK N.A. | | PAGE 21 OF 21 |
