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: April 14, 2003
(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 April 14, 2003.
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
April 14, 2003.
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: April 16, 2003
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | | PAYMENT DATE: | | 04/14/2003 |
| |
| 135 S. LASALLE STREET SUITE 1625 |
| CHICAGO, IL 60603-4159 |
| USA |
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | | | PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| ADMINISTRATOR: | | REPORTING PACKAGE TABLE OF CONTENTS | | ANALYST: |
| MICHELLE DUFFY (312) 904-7475 | | THOMAS HELMS (714) 238-6738 |
| MICHELLE.DUFFY@ABNAMRO.COM | | THOMAS.HELMS@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_200304_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 |
| APPRAISAL REDUCTION DETAIL | PAGE 22 |
|
|
|
|
|
|
|
|
| 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 |
|
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 1 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| |
| FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | 04/14/2003 |
|
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PAYMENT DATE: | 04/14/2003 |
|
| WAC: | | 7.516793% | SERIES 2002-C1 | PRIOR PAYMENT: | | 03/12/2003 |
| NEXT PAYMENT: | | 05/12/2003 |
| WAMM: | | 101 |
| RECORD DATE: | | 03/31/2003 |
| 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 | | 123,647,983.01 | 491,932.90 | 0.00 | 0.00 | 123,156,050.11 | 575,478.32 | 0.00 | | 5.58500000% |
| 33736XFS3 | | 943.467216631 | 3.753579740 | 0.000000000 | 0.000000000 | 939.713636891 | | 4.391053664 | 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 | | 720,915,722.29 | 0.00 | 0.00 | 0.00 | 720,423,789.39 | 371,471.82 | 0.00 | | 0.61833328% |
| 33736XFX2 | | 989.827316974 | 0.000000000 | 0.000000000 | 0.000000000 | 989.151886258 | | 0.510035977 | 0.000000000 | | 0.509407090% |
|
| IO-II | 444,320,000.00 | | N | | 444,320,000.00 | 0.00 | 0.00 | 0.00 | 444,320,000.00 | 446,108.43 | 0.00 | | 1.20483010% |
| 33736XFY0 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 1.004025095 | 0.000000000 | | 0.992337944% |
|
| 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 | 62,091.31 | 0.00 | | 7.44054038% |
| 33736XGB9 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 6.200450369 | 0.000000000 | | 7.198047842% |
|
| 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 | 16,387,739.28 | | 16,387,739.28 | 0.00 | 0.00 | 0.00 | 16,387,739.28 | 71,253.19 | (10,234.84) | | 5.96700000% |
| 33736XGJ2 | | 1000.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 1000.000000000 | | 4.347957261 | (0.624542521) | | FIXED |
|
| R-II | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 9ABSH279 | | 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 |
| 9ABSH278 | | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | 0.000000000 | | 0.000000000 | 0.000000000 |
|
|
|
| TOTAL | | 728,324,739.28 | | 720,915,722.29 | 491,932.90 | 0.00 | 0.00 | 720,423,789.39 | 4,471,782.56 | (10,234.84) |
|
| TOTAL P&I PAYMENT | | 4,963,715.46 |
|
|
| Z | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | 0.00 | | N/A |
| 9ABSH280 | | 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 | | 644,732.76 | 4,299.85 | 0.00 | 0.00 | 640,432.91 | 4,052.09 | 0.00 | | 7.29861290% |
| 9ABSH2954 | | 921.634499988 | 6.146562344 | 0.000000000 | 0.000000000 | 915.487937644 | | 5.792393644 | 0.000000000 | | 7.296900000% |
|
| 96-B | 318,958.32 | | 294,266.53 | 1,937.36 | 0.00 | 0.00 | 292,329.17 | 1,912.79 | 0.00 | | 7.54861290% |
| 9ABSH2962 | | 922.586154831 | 6.074022462 | 0.000000000 | 0.000000000 | 916.512132369 | | 5.996990453 | 0.000000000 | | 7.546900000% |
|
| 97-B | 317,145.44 | | 292,292.16 | 1,949.35 | 0.00 | 0.00 | 290,342.81 | 1,837.03 | 0.00 | | 7.29861290% |
| 9ABSH2970 | | 921.634440022 | 6.146549041 | 0.000000000 | 0.000000000 | 915.487890982 | | 5.792389763 | 0.000000000 | | 7.296900000% |
|
| 106-B | 295,855.35 | | 272,670.51 | 1,818.49 | 0.00 | 0.00 | 270,852.02 | 1,713.71 | 0.00 | | 7.29861290% |
| 9ABSH2988 | | 921.634542015 | 6.146551009 | 0.000000000 | 0.000000000 | 915.487991006 | | 5.792391451 | 0.000000000 | | 7.296900000% |
|
|
|
| TOTAL | | 1,631,512.74 | | 1,503,961.96 | 10,005.05 | 0.00 | 0.00 | 1,493,956.91 | 9,515.62 | 0.00 |
|
| TOTAL P&I PAYMENT | | 19,520.67 |
|
|
| 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 |
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 2 OF 22 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | 04/14/2003 |
| PAYMENT DATE: | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | 03/12/2003 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | 05/12/2003 |
| RECORD DATE: | 03/31/2003 |
| ABN AMRO ACCT: 67-8956-70-7 |
| |
| | |
| CASH RECONCILIATION SUMMARY |
| | |
|
|
| INTEREST SUMMARY | | PRINCIPAL SUMMARY | | SERVICING FEE SUMMARY |
| CURRENT SCHEDULED INTEREST | 4,343,491.77 | | SCHEDULED PRINCIPAL: |
| LESS DEFERRED INTEREST | 0.00 | | CURRENT SCHEDULED PRINCIPAL | 478,100.06 | | CURRENT SERVICING FEES | | 30,673.46 |
| LESS PPIS REDUCING SCHEDULED INT | 0.00 | | PLUS FEES ADVANCED FOR PPIS | | 0.00 |
| ADVANCED SCHEDULED PRINCIPAL | 23,837.89 | | LESS REDUCTION FOR PPIS | | 0.00 |
| PLUS GROSS ADVANCE INTEREST | 180,580.95 | | SCHEDULED PRINCIPAL | | 501,937.95 |
| LESS ASER INTEREST ADV REDUCTION | (7,613.96) | | PLUS DELINQUENT SERVICING FEES | | 1,160.22 |
| LESS OTHER INTEREST NOT ADVANCED | 0.00 | | UNSCHEDULED PRINCIPAL: |
| LESS OTHER ADJUSTMENT | 0.00 | | CURTAILMENTS | 0.00 | | TOTAL SERVICING FEES | | 31,833.68 |
| PREPAYMENTS IN FULL | 0.00 | | |
| TOTAL | | 4,516,458.76 | |
| UNSCHEDULED INTEREST: | | LIQUIDATION PROCEEDS | 0.00 | |
| REPURCHASE PROCEEDS | 0.00 | |
| PREPAYMENT PENALTIES | 0.00 | |
| YIELD MAINTENANCE PENALTIES | 0.00 | | OTHER PRINCIPAL PROCEEDS | 0.00 | |
| OTHER INTEREST PROCEEDS | 21.44 | | TOTAL UNSCHEDULED PRINCIPAL | 0.00 | |
| TOTAL | 21.44 | | REMITTANCE PRINCIPAL | 501,937.95 | |
|
| LESS FEE PAID TO SERVICER | | (30,673.46) | | REMITTANCE P&I DUE TRUST | | 4,985,102.36 | |
| LESS FEE STRIPS PAID BY SERVICER | 0.00 | |
| REMITTANCE P&I DUE CERTS | 4,983,236.11 |
| LESS FEES & EXPENSES PAID BY/TO SERVICER | | PPIS SUMMARY |
| SPECIAL SERVICING FEES | | (2,311.60) | | POOL BALANCE SUMMARY |
| WORKOUT FEES | 0.00 | | BALANCE | | COUNT | | GROSS PPIS | | 0.00 |
| LIQUIDATION FEES | 0.00 |
| BEGINNING POOL | 722,419,684.24 | | 110 | | REDUCED BY PPIE | | 0.00 |
| INTEREST DUE SERV ON ADVANCES | (330.73) | | SCHEDULED PRINCIPAL | 501,937.95 | | REDUCED BY SHORTFALLS IN FEES | | 0.00 |
| NON RECOVERABLE ADVANCES | 0.00 | | UNSCHEDULED PRINCIPAL | 0.00 | 0 | | REDUCED BY OTHER AMOUNTS | | 0.00 |
| MISC. FEES & EXPENSES | 0.00 | | DEFERRED INTEREST | 0.00 |
| LIQUIDATIONS | 0.00 | 0 | | PPIS REDUCING SCHEDULED INTEREST | | 0.00 |
| PPIS REDUCING SERVICING FEE | | 0.00 |
| TOTAL UNSCHEDULED FEES & EXPENSES | (2,642.33) | | REPURCHASES | 0.00 | 0 |
| TOTAL INTEREST DUE TRUST | | 4,483,164.41 | | ENDING POOL | | 721,917,746.29 | 110 | | PPIS DUE CERTIFICATE | | 0.00 |
| LESS FEES & EXPENSES PAID BY/TO TRUST | | ADVANCE SUMMARY (ADVANCE MADE BY SERVICER) |
| PRINCIPAL | INTEREST |
| TRUSTEE FEE | (1,866.25) |
| FEE STRIPS | 0.00 | | PRIOR OUTSTANDING | 225,534.63 | | 933,203.50 |
| MISC. FEES | 0.00 |
| INTEREST RESERVE WITHHOLDING | 0.00 | | PLUS CURRENT PERIOD | 23,837.89 | | 172,966.99 |
| PLUS INTEREST RESERVE DEPOSIT | 0.00 | | LESS RECOVERED | (115,591.80) | | (488,287.17) |
| TOTAL | | (1,866.25) | | LESS NON RECOVERED | 0.00 | | 0.00 |
| ENDING OUTSTANDING | 133,780.72 | 617,883.32 |
| TOTAL INTEREST DUE CERTS | | 4,481,298.16 |
|
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 6 OF 22 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
|
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
|
| FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | 04/14/2003 |
| PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES |
| PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
|
| 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% | | 16,683.30 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 16,683.30 | 16,683.30 | 0.00 | 0.00 | | NA | | NA |
| 75-B | | ACT/360 | | 31 | | 7.298612903% | | 4,052.09 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 4,052.09 | 4,052.09 | 0.00 | 0.00 | | NA | | NA |
| 96-A | | ACT/360 | | 31 | | 7.548612903% | | 10,396.03 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 10,396.03 | 10,396.03 | 0.00 | 0.00 | | NA | | NA |
| 96-B | | ACT/360 | | 31 | | 7.548612903% | | 1,912.79 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 1,912.79 | 1,912.79 | 0.00 | 0.00 | | NA | | NA |
| 97-A | | ACT/360 | | 31 | | 7.298612903% | | 8,987.12 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 8,987.12 | 8,987.12 | 0.00 | 0.00 | | NA | | NA |
| 97-B | | ACT/360 | | 31 | | 7.298612903% | | 1,837.03 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 1,837.03 | 1,837.03 | 0.00 | 0.00 | | NA | | NA |
| 106-A | | ACT/360 | | 31 | | 7.298612903% | | 5,883.32 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 5,883.32 | 5,883.32 | 0.00 | 0.00 | | NA | | NA |
| 106-B | | ACT/360 | | 31 | | 7.298612903% | | 1,713.71 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 1,713.71 | 1,713.71 | 0.00 | 0.00 | | NA | | NA |
| A-1 | | 30/360 | | 30 | | 5.585000000% | | 575,478.32 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 575,478.32 | 575,478.32 | 0.00 | 0.00 | | 82.01% | | 82.94% |
| 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% | | 23.29% |
| IO-I | | 30/360 | | 30 | | 0.618333283% | | 371,471.82 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 371,471.82 | 371,471.82 | 0.00 | 0.00 | | NA | | NA |
| IO-II | | 30/360 | | 30 | | 1.204830102% | | 446,108.43 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 446,108.43 | 446,108.43 | 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% | | 19.63% |
| 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% | | 15.09% |
| 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% | | 13.83% |
| 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% | | 12.69% |
| 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% | | 10.93% |
| G | | 30/360 | | 30 | | 7.440540383% | | 62,091.31 | | 0.00 | 0.00 | 0.00 | | 0.00 | 0.00 | 0.00 | 0.00 | 62,091.31 | 62,091.31 | 0.00 | 0.00 | | 9.25% | | 9.54% |
| 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% | | 7.52% |
| 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% | | 5.50% |
| 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% | | 4.75% |
| 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% | | 3.99% |
| 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% | | 2.48% |
| O | | 30/360 | | 30 | | 5.967000000% | | 81,488.03 | | 0.00 | 0.00 | 0.00 | | 32,097.55 | 0.00 | 0.00 | 0.00 | 113,585.58 | 71,253.19 | (10,234.85) | 42,332.40 | | 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 |
| 4,533,482.79 | 0.00 | 0.00 | | 0.00 | 32,097.55 | 0.00 | 0.00 | 0.00 | 4,565,580.34 | 4,523,247.95 | (10,234.85) | 42,332.40 |
|
| (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 22 |
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | FIRST UNION NATIONAL BANK, AS SERVICER | STATEMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PAYMENT DATE: | | 04/14/2003 |
| PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
| 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 | | 9ABSH2954 | | NR | | NR | | NR |
| 96-A |
| 96-B | | 9ABSH2962 | | NR | | NR | | NR |
| 97-A |
| 97-B | | 9ABSH2970 | | NR | | NR | | NR |
| 106-A |
| 106-B | | 9ABSH2988 | | NR | | NR | | NR |
| R-I | | 9ABSH278 |
| 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 | | 9ABSH279 |
| Z | | 9ABSH280 | | 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. |
|
|
|
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 8 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| |
| STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES |
| PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| 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 |
|
|
| 04/14/03 | | 0 | 0 | | 0 | | 0 | | 3 | | 11,082,311 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 3 | 11,082,311 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.00% | | 0.00% | | 2.73% | | 1.54% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 2.73% | | 1.54% | | 0.00% | | 0.00% |
| 03/12/03 | | 0 | 0 | | 1 | | 4,949,995 | | 2 | | 6,145,684 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 3 | 11,095,679 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.91% | | 0.69% | | 1.82% | | 0.85% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 2.73% | | 1.54% | | 0.00% | | 0.00% |
| 02/12/03 | | 0 | 0 | | 1 | | 4,956,054 | | 2 | | 6,160,051 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 3 | 11,116,105 | | 0 | | 0 |
| 0.00% | | 0.00% | | 0.91% | | 0.69% | | 1.82% | | 0.85% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 2.73% | | 1.54% | | 0.00% | | 0.00% |
| 01/13/03 | | 0 | 0 | | 0 | | 0 | | 2 | | 6,170,241 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 2 | 6,170,241 | | 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% |
| 12/12/02 | | 0 | 0 | | 0 | | 0 | | 2 | | 6,180,360 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 2 | 6,180,360 | | 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% |
| 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% |
| 09/12/02 | | 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% |
| 08/12/02 | | 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% |
| 07/12/02 | | 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% |
| 06/12/02 | | 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% |
| 05/13/02 | | 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% |
| 04/12/02 | | 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% |
| 03/12/02 | | 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 |
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 10 OF 22 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | FIRST UNION NATIONAL BANK, AS SERVICER | | STATEMENT DATE: | | 04/14/2003 |
| PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 |
| NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
| 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 |
| 04/14/03 | | 110 | | 721,917,746 | | 0 | | 0 | | 0 | | 0 | | 2 | | 1,531,213 | | 0 | | 0 | | 0 | | 0 | | 101 | | 334 | | 7.52% | | 7.46% |
| 100.00% | | 99.12% | | 0.00% | | 0.00% | | 1.82% | | 0.21% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 03/12/03 | | 110 | | 722,419,684 | | 0 | | 0 | | 0 | | 0 | | 2 | | 1,457,485 | | 0 | | 0 | | 0 | | 0 | | 102 | | 335 | | 7.27% | | 7.22% |
| 100.00% | | 99.19% | | 0.00% | | 0.00% | | 1.82% | | 0.20% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 02/12/03 | | 110 | | 723,327,155 | | 0 | | 0 | | 0 | | 0 | | 2 | | 1,420,066 | | 0 | | 0 | | 0 | | 0 | | 103 | | 336 | | 7.27% | | 7.22% |
| 100.00% | | 99.31% | | 0.00% | | 0.00% | | 1.82% | | 0.20% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 01/13/03 | | 110 | | 723,820,277 | | 0 | | 0 | | 0 | | 0 | | 2 | | 1,372,846 | | 0 | | 0 | | 0 | | 0 | | 104 | | 337 | | 7.27% | | 7.22% |
| 100.00% | | 99.38% | | 0.00% | | 0.00% | | 1.82% | | 0.19% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 12/12/02 | | 110 | | 724,310,315 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 0 | | 105 | | 338 | | 7.27% | | 7.22% |
| 100.00% | | 99.45% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% | | 0.00% |
| 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% |
| 09/12/02 | | 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% |
| 08/12/02 | | 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% |
| 07/12/02 | | 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% |
| 06/12/02 | | 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% |
| 05/13/02 | | 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% |
| 04/12/02 | | 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% |
| 03/12/02 | | 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 22 |
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| PRIOR PAYMENT: | | 03/12/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| 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 |
| | | | | | | | | |
| | | | | | | | | |
|
| 49 | | 12/01/02 | | 34,686.53 | | 138,745.00 | | 0.00 | | 3 | | 01/24/03 |
| 56 | | 03/01/03 | | 31,898.00 | | 31,898.00 | | 0.00 | | A |
| 59 | | 03/01/03 | | 27,461.95 | | 27,461.95 | | 0.00 | | A |
| 61 | | 05/01/02 | | 25,861.68 | | 305,224.46 | | 0.00 | | 3 | | 08/19/02 |
| 74 | | 03/01/03 | | 19,512.41 | | 19,512.41 | | 0.00 | | A |
| 77 | | 03/01/03 | | 16,664.64 | | 16,664.64 | | 0.00 | | B |
| 80 | | 06/01/02 | | 16,093.41 | | 180,534.67 | | 0.00 | | 3 | | 08/23/02 |
| 86 | | 03/01/03 | | 13,988.25 | | 13,988.25 | | 0.00 | | A |
| 104 | | 03/01/03 | | 7,767.41 | | 7,767.41 | | 0.00 | | A |
| TOTAL | | 193,934.28 | | 741,796.78 |
| 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 |
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 12 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| 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 | | 01/01/12 | | 0.00 | | CA | | 34,577,611 | | 6.90000% | | 230,510 |
| 2 | FUNB02CA | | RETAIL | | 02/01/12 | | 1.55 | | 12/31/02 | | CA | | 27,329,710 | | 7.58000% | | 194,497 |
| 3 | FUNB02CA | | OFFICE | | 02/01/12 | | 0.00 | | NY | | 25,726,026 | | 7.25000% | | 177,366 |
| 4 | FUNB02CA | | SELF STORAGE | | 01/01/12 | | 0.00 | | VV | | 25,356,435 | | 7.56000% | | 191,556 |
| 5 | FUNB02CA | | MIXED USE | | 12/01/09 | | 0.00 | | CA | | 20,036,617 | | 7.25000% | | 138,141 |
| 6 | FUNB02CA | | RETAIL | | 07/01/11 | | 0.00 | | MI | | 20,000,000 | | 7.08000% | | 121,933 |
| 7 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 1.17 | | 12/31/02 | | AZ | | 19,000,000 | | 6.82000% | | 111,583 |
| 8 | FUNB02CA | | RETAIL | | 12/01/11 | | 0.00 | | FL | | 18,258,969 | | 6.81000% | | 120,729 |
| 9 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | VA | | 16,674,894 | | 6.98000% | | 112,043 |
| 10 | FUNB02CA | | RETAIL | | 01/01/12 | | 1.28 | | 12/31/02 | | IN | | 15,969,644 | | 7.25000% | | 110,171 |
| 11 | FUNB02CA | | MULTIFAMILY | | 08/01/10 | | 0.00 | | FL | | 15,810,388 | | 6.92000% | | 107,174 |
| 12 | FUNB02CA | | OFFICE | | 01/01/12 | | 0.00 | | NY | | 15,821,319 | | 7.25000% | | 109,148 |
| 13 | FUNB02CA | | OFFICE | | 12/01/11 | | 0.00 | | NY | | 15,716,611 | | 7.35000% | | 109,547 |
| 14 | FUNB02CA | | MULTIFAMILY | | 09/01/11 | | 0.00 | | PA | | 14,113,401 | | 7.61000% | | 101,067 |
| 15 | FUNB02CA | | LODGING | | 01/01/11 | | 0.00 | | FL | | 13,624,180 | | 7.61000% | | 103,837 |
| 16 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 0.00 | | MI | | 12,255,500 | | 7.04900% | | 83,040 |
| 17 | FUNB02CA | | RETAIL | | 02/01/12 | | 1.43 | | 12/31/02 | | NY | | 10,868,002 | | 7.60000% | | 77,492 |
| 18 | FUNB02CA | | RETAIL | | 02/01/12 | | 1.28 | | 12/31/02 | | IL | | 10,824,835 | | 7.10000% | | 73,547 |
| 19 | FUNB02CA | | OFFICE | | 02/01/12 | | 1.30 | | 12/31/02 | | MN | | 10,822,034 | | 7.34000% | | 75,265 |
| 20 | FUNB02CA | | MOBILE HOME PARK | | 11/01/11 | | 1.19 | | 12/31/02 | | FL | | 9,935,525 | | 7.44000% | | 70,206 |
| 21 | FUNB02CA | | RETAIL | | 12/01/11 | | 0.00 | | VA | | 9,767,637 | | 7.15000% | | 66,460 |
| 22 | FUNB02CA | | MULTIFAMILY | | 02/01/12 | | 0.00 | | NV | | 9,693,524 | | 7.11000% | | 65,925 |
| 23 | FUNB02CA | | MULTIFAMILY | | 09/01/10 | | 0.00 | | FL | | 9,663,529 | | 7.25000% | | 67,535 |
| 24 | FUNB02CA | | INDUSTRIAL | | 02/01/12 | | 0.00 | | MA | | 9,593,830 | | 7.41000% | | 71,482 |
| 25 | FUNB02CA | | MULTIFAMILY | | 02/01/09 | | 0.00 | | MD | | 9,567,236 | | 7.04000% | | 66,565 |
| 26 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | NC | | 8,894,982 | | 7.05300% | | 60,198 |
| 27 | FUNB02CA | | OFFICE | | 01/01/12 | | 0.00 | | CA | | 8,803,697 | | 7.39000% | | 61,561 |
| 28 | FUNB02CA | | OFFICE | | 01/01/12 | | 0.00 | | TX | | 8,706,496 | | 7.47000% | | 61,350 |
| 29 | FUNB02CA | | RETAIL | | 05/01/11 | | 0.00 | | PA | | 8,674,920 | | 8.00000% | | 64,571 |
| 30 | FUNB02CA | | MIXED USE | | 01/01/12 | | 1.36 | | 12/31/02 | | FL | | 8,180,717 | | 7.40000% | | 57,260 |
| 31 | FUNB02CA | | RETAIL | | 11/01/11 | | 0.00 | | NV | | 7,895,239 | | 7.10000% | | 53,763 |
| 32 | FUNB02CA | | RETAIL | | 09/01/11 | | 0.00 | | CA | | 7,890,165 | | 7.39000% | | 55,336 |
| 33 | FUNB02CA | | MOBILE HOME PARK | | 01/01/12 | | 0.00 | | NY | | 7,825,000 | | 7.11000% | | 47,909 |
| 34 | FUNB02CA | | INDUSTRIAL | | 11/01/11 | | 0.00 | | TX | | 7,651,872 | | 7.25000% | | 52,869 |
| 35 | FUNB02CA | | MULTIFAMILY | | 02/01/11 | | 0.00 | | NC | | 7,480,296 | | 7.36000% | | 52,614 |
| 36 | FUNB02CA | | LODGING | | 09/01/11 | | 0.00 | | VA | | 7,356,781 | | 8.14000% | | 58,584 |
| 37 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 1.51 | | 12/31/02 | | CA | | 7,307,582 | | 7.00000% | | 49,232 |
| 38 | FUNB02CA | | MULTIFAMILY | | 07/01/11 | | 1.33 | | 12/31/02 | | CA | | 6,904,044 | | 7.76000% | | 50,197 |
| 39 | FUNB02CA | | INDUSTRIAL | | 12/01/11 | | 1.44 | | 12/31/01 | | CA | | 6,766,827 | | 7.12500% | | 46,150 |
| 40 | FUNB02CA | | RETAIL | | 12/01/09 | | 0.00 | | CA | | 6,431,507 | | 7.25000% | | 44,341 |
| 41 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | FL | | 6,275,032 | | 7.00000% | | 42,247 |
| 42 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 0.00 | | KS | | 5,627,205 | | 6.90000% | | 37,540 |
| 43 | FUNB02CA | | OFFICE | | 02/01/12 | | 0.00 | | VA | | 5,439,721 | | 7.07000% | | 36,851 |
| 44 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 1.59 | | 12/31/02 | | WA | | 5,437,190 | | 7.15000% | | 37,147 |
| 45 | FUNB02CA | | RETAIL | | 01/01/12 | | 1.41 | | 12/31/02 | | NC | | 5,390,626 | | 7.36000% | | 37,586 |
| 46 | FUNB02CA | | MULTIFAMILY | | 07/01/11 | | 0.00 | | AZ | | 5,269,296 | | 7.36000% | | 36,896 |
| 47 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 1.53 | | 12/31/02 | | NV | | 5,135,493 | | 7.03000% | | 34,701 |
| 48 | FUNB02CA | | MULTIFAMILY | | 12/01/08 | | 0.00 | | NY | | 5,034,867 | | 6.90000% | | 33,589 |
| 49 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | TN | | 4,946,986 | | 7.48000% | | 34,893 | | 3 |
| 50 | FUNB02CA | | RETAIL | | 01/01/12 | | 1.61 | | 12/23/02 | | NV | | 4,916,045 | | 7.50000% | | 36,950 |
| 51 | FUNB02CA | | OFFICE | | 01/01/12 | | 1.77 | | 12/31/02 | | AR | | 4,821,650 | | 7.34000% | | 33,554 |
| 52 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | KY | | 4,743,331 | | 7.00000% | | 31,935 |
| 53 | FUNB02CA | | LODGING | | 01/01/12 | | 0.00 | | OR | | 4,680,789 | | 8.30000% | | 37,610 |
| 54 | FUNB02CA | | LODGING | | 01/01/12 | | 0.00 | | MO | | 4,680,789 | | 8.30000% | | 37,610 |
| 55 | FUNB02CA | | MULTIFAMILY | | 08/01/11 | | 0.00 | | SC | | 4,630,247 | | 7.24500% | | 32,046 |
| 56 | FUNB02CA | | MULTIFAMILY | | 09/01/06 | | 0.00 | | FL | | 4,442,504 | | 7.70000% | | 32,083 | | A |
| 57 | FUNB02CA | | INDUSTRIAL | | 01/01/12 | | 0.00 | | CA | | 4,329,670 | | 7.58000% | | 30,831 |
| 58 | FUNB02CA | | RETAIL | | 02/01/12 | | 0.00 | | VA | | 3,961,786 | | 7.69000% | | 28,491 |
| 59 | FUNB02CA | | MULTIFAMILY | | 02/01/12 | | 0.00 | | FL | | 3,958,996 | | 7.37500% | | 27,627 | | A |
| 60 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 0.00 | | KS | | 3,947,191 | | 6.75000% | | 25,944 |
| 61 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | KY | | 3,897,828 | | 8.00000% | | 33,458 | | 3 |
| 62 | FUNB02CA | | LODGING | | 09/01/11 | | 0.00 | | TN | | 3,874,057 | | 7.50000% | | 31,567 |
| 63 | FUNB02CA | | RETAIL | | 11/01/11 | | 0.00 | | GA | | 3,868,667 | | 7.10000% | | 26,344 |
| 64 | FUNB02CA | | RETAIL | | 02/01/12 | | 0.00 | | CO | | 3,810,315 | | 7.35000% | | 26,525 |
| 65 | FUNB02CA | | RETAIL | | 12/01/11 | | 1.25 | | 12/31/02 | | CO | | 3,696,264 | | 7.29000% | | 25,615 |
| 66 | FUNB02CA | | MULTIFAMILY | | 12/01/08 | | 1.26 | | 12/31/02 | | VA | | 3,619,511 | | 7.12500% | | 24,685 |
| 67 | FUNB02CA | | RETAIL | | 11/01/11 | | 0.00 | | GA | | 3,592,334 | | 7.10000% | | 24,462 |
| 68 | FUNB02CA | | OFFICE | | 11/01/11 | | 0.00 | | MD | | 3,258,216 | | 7.25000% | | 22,512 |
| 69 | FUNB02CA | | RETAIL | | 11/01/11 | | 1.31 | | 12/31/02 | | AZ | | 3,111,434 | | 7.07000% | | 21,125 |
| 70 | FUNB02CA | | INDUSTRIAL | | 01/01/12 | | 0.00 | | UT | | 3,041,576 | | 7.37000% | | 21,228 |
| 71 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | IL | | 2,992,237 | | 7.25400% | | 20,651 |
| 72 | FUNB02CA | | RETAIL | | 02/01/12 | | 1.32 | | 12/31/02 | | CO | | 2,944,107 | | 7.17300% | | 20,146 |
| 73 | FUNB02CA | | MIXED USE | | 11/01/11 | | 0.00 | | CO | | 2,813,914 | | 7.25000% | | 19,442 |
| 74 | FUNB02CA | | MULTIFAMILY | | 06/01/11 | | 0.00 | | TX | | 2,709,599 | | 7.71000% | | 19,625 | | A |
| 75 | FUNB02CB | | INDUSTRIAL | | 12/10/11 | | 0.00 | | MD | | 2,651,602 | | 7.35000% | | 19,697 |
| 76 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 0.00 | | IL | | 2,541,333 | | 7.10700% | | 17,317 |
| 77 | FUNB02CA | | OFFICE | | 11/01/11 | | 1.65 | | 12/31/02 | | VA | | 2,443,165 | | 7.18000% | | 16,767 | | B |
| 78 | FUNB02CA | | RETAIL | | 12/01/11 | | 1.35 | | 12/31/02 | | CA | | 2,327,023 | | 7.12500% | | 18,788 |
| 79 | FUNB02CA | | RETAIL | | 01/01/12 | | 0.00 | | IL | | 2,359,969 | | 7.52400% | | 16,715 |
| 80 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 0.00 | | KY | | 2,237,498 | | 8.00000% | | 19,238 | | 3 |
| 81 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 1.27 | | 12/31/02 | | IL | | 2,151,359 | | 7.37000% | | 15,015 |
| 82 | FUNB02CA | | MOBILE HOME PARK | | 01/01/12 | | 0.00 | | NJ | | 2,126,231 | | 7.29500% | | 14,732 |
| 83 | FUNB02CA | | MOBILE HOME PARK | | 02/01/12 | | 0.00 | | FL | | 2,111,904 | | 7.13000% | | 14,391 |
| 84 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 0.00 | | VA | | 2,073,773 | | 7.00000% | | 13,971 |
| 85 | FUNB02CA | | RETAIL | | 02/01/12 | | 0.00 | | MS | | 2,040,909 | | 7.28000% | | 14,112 |
| 86 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 0.00 | | MI | | 2,039,961 | | 7.25000% | | 14,073 | | A |
| 87 | FUNB02CA | | RETAIL | | 01/01/12 | | 0.00 | | FL | | 1,991,292 | | 7.55000% | | 15,030 |
| 88 | FUNB02CA | | RETAIL | | 12/01/11 | | 0.00 | | NC | | 1,984,518 | | 7.29000% | | 13,753 |
| 89 | FUNB02CA | | MOBILE HOME PARK | | 02/01/12 | | 0.00 | | FL | | 1,978,365 | | 7.13000% | | 13,481 |
| 90 | FUNB02CA | | MULTIFAMILY | | 12/01/06 | | 0.00 | | TX | | 1,974,458 | | 6.90000% | | 13,172 |
| 91 | FUNB02CA | | MULTIFAMILY | | 12/01/11 | | 0.00 | | TX | | 1,845,287 | | 7.29500% | | 13,643 |
| 92 | FUNB02CA | | RETAIL | | 01/01/12 | | 1.22 | | 12/31/02 | | AL | | 1,855,168 | | 7.49000% | | 13,097 |
| 93 | FUNB02CA | | MULTIFAMILY | | 01/01/12 | | 1.20 | | 12/31/02 | | VA | | 1,780,346 | | 7.35000% | | 12,402 |
| 94 | FUNB02CA | | RETAIL | | 12/01/11 | | 0.00 | | NY | | 1,741,984 | | 7.31000% | | 12,095 |
| 95 | FUNB02CA | | OFFICE | | 12/01/09 | | 1.74 | | 12/31/02 | | CA | | 1,652,351 | | 7.25000% | | 12,143 |
| 96 | FUNB02CC | | RETAIL | | 12/10/11 | | 0.00 | | IN | | 1,597,685 | | 7.60000% | | 12,123 |
| 97 | FUNB02CD | | INDUSTRIAL | | 12/10/11 | | 0.00 | | FL | | 1,428,390 | | 7.35000% | | 10,611 |
| 98 | FUNB02CA | | RETAIL | | 10/01/11 | | 1.92 | | 12/31/02 | | MN | | 1,431,795 | | 7.50000% | | 10,139 |
| 99 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 1.32 | | 12/31/02 | | IL | | 1,361,957 | | 7.10700% | | 9,281 |
| 100 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 1.54 | | 12/31/02 | | IL | | 1,332,349 | | 7.10700% | | 9,079 |
| 101 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 1.39 | | 12/31/02 | | IL | | 1,283,003 | | 7.10700% | | 8,743 |
| 102 | FUNB02CA | | MULTIFAMILY | | 05/01/11 | | 1.48 | | 12/31/02 | | AZ | | 1,180,735 | | 7.50000% | | 8,391 |
| 103 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 1.49 | | 12/31/02 | | IL | | 1,154,703 | | 7.10700% | | 7,868 |
| 104 | FUNB02CA | | MULTIFAMILY | | 11/01/11 | | 0.00 | | LA | | 1,144,894 | | 7.12500% | | 7,815 | | A |
| 105 | FUNB02CA | | MULTIFAMILY | | 12/01/06 | | 0.00 | | NY | | 987,651 | | 7.05000% | | 6,687 |
| 106 | FUNB02CE | | INDUSTRIAL | | 12/10/11 | | 1.47 | | 12/31/02 | | NY | | 935,080 | | 7.35000% | | 6,946 |
| 107 | FUNB02CF | | INDUSTRIAL | | 12/10/11 | | 0.00 | | MD | | 640,433 | | 7.35000% | | 8,380 |
| 108 | FUNB02CG | | RETAIL | | 12/10/11 | | 0.00 | | IN | | 292,329 | | 7.60000% | | 3,863 |
| 109 | FUNB02CH | | INDUSTRIAL | | 12/10/11 | | 0.00 | | FL | | 290,343 | | 7.35000% | | 3,799 |
| 110 | FUNB02CI | | INDUSTRIAL | | 12/10/11 | | 0.00 | | NY | | 270,852 | | 7.35000% | | 3,544 |
| 721,917,746 | | 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 |
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 13 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| 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. |
| 49 | | 1/24/03 | | 3 | | 4,946,986 | 4,961,938 | | 7.48% | | 1/1/12 | | 105 | | 345 | | MULTIFAMILY | | TN | | NOT AVAIL. | | NOT AVAIL. | | NOT AVAIL. |
| 61 | | 8/19/02 | | 3 | | 3,897,828 | 3,972,938 | | 8.00% | | 1/1/12 | | 105 | | 225 | | MULTIFAMILY | | KY | | NOT AVAIL. | | NOT AVAIL. | | NOT AVAIL. |
| 80 | | 8/23/02 | | 3 | | 2,237,498 | 2,277,212 | | 8.00% | | 12/1/11 | | 104 | | 224 | | MULTIFAMILY | | KY | | NOT AVAIL. | | NOT AVAIL. | | NOT AVAIL. |
|
|
|
| 3 | | 11,082,311 | | 11,212,088 |
|
| (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 |
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 18 OF 22 |
|
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
| | LASALLE BANK |
| | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. | | STATEMENT DATE: | | 04/14/2003 |
|
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 03/12/2003 |
| NEXT PAYMENT: | | 05/12/2003 |
| SERIES 2002-C1 | RECORD DATE: | | 03/31/2003 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS (END OF PERIOD) |
|
|
| |
| DISCLOSURE |
| CONTROL # |
| | | RESOLUTION |
| STRATEGY |
| | |
| COMMENTS |
| | |
| 49 | | OTHER/TBD | | COUNSEL ENGAGED AND INITIAL CONTACT WITH BORROWER WAS MADE IN JANUARY. THE PRENEGOTIATION AGREEMENT WAS SEND TO BORROWER ON 02/13/03. BORROWER SAYS PNA AND FINANCIAL INFORMATION WILL BE SENT THE FIRST WEEK OF MARCH. SITE VISIT AND MEETING WITH BORROWER WILL BE SCHEDULED FOR MID MARCH. |
| 61 | | THIS LOAN WAS TRANSFERRED TO SS ON 8/19/02 (LOAN DUE FOR 6/02 INSTALLMENT). ON 8/16/02, THE JEFFERSON COUNTY CIRCUIT COURT ENTERED AN ORDER APPOINTING RECEIVER ON BEHALF OF PLAINTIFF JEFFERSON CNTY HEALTH DEPT AND AGAINST BORROWER (LAKE IN THE WOODS LLC), AND ORIGINATOR METROPOLITAN FUNDING CORP. PROP CONDITION, PHASE I AND MOLD REPORTS HAVE BEEN RECEIVED. AN 11/02 APPRAISAL INDICATES AN "AS IS" VALUE OF $3.6MM. THE RECEIVER HAS OBTAINED COURT AUTHORITY TO VACATE THE PROPERTY.LEDIC PROPERTY MANAGEMENT IS PERFORMING AN EVALUATION AS TO THE MERIT OF KEEPING THE PROP VACATED VS REOPENING THE PROPERTY. LEDIC AND BUCKINGHAM HAVE/ARE PROVIDING RECEIVERSHIP/MNGMNT PROPOSALS. JUDICIAL FORECLOSURE HAS COMMENCED. BREACH LETTER HAS BEEN SENT TOORIGINATOR BASED UPON APPARENT PRE-EXISTING CONDITION OF THE COLLATERAL. |
| 80 | | THIS LOAN WAS TRANSFERRED TO SS ON 8/19/02 AS THE BORROWER WAS DUE FOR THE 7/02 DEBT SERVICE PAYMENT. ON 8/16/02, THE JEFFERSON CNTY CIRCUIT CRT ENTERED AN ORDER APPTING RECVR ON BEHALF OF PLAINTIFF JEFFERSON COUNTY HEALTH DEPT AND AGAINST BORROWER (SOUTH HILL LLC) AND ORIGINATOR METRPLTN FUNDING CORP. AN 11/02 APPRAISAL INDICATES AN "AS IS" VALUE OF $2.3MM. RECEIVER IS SEEKING PERMISSION TO SHUT DOWN COMPLEX, DUE TO POOR OCCUPANCY AND A LACK OF REVENUE TO OPERATE. LEDIC PROPERTY MANAGEMENT IS PERFORMING AN EVALUATION AS TO THE MERIT OF CONTINUED PROPERTY OPERATION VS SHUTTING DOWN THE PROPERTY. LEDIC AND BUCKINGHAM HAVE/ARE PROVIDING RECEIVERSHIP/MNGMNT PROPOSALS. JUDICIAL FORECLOSURE HAS COMMENCED. BREACH LETTER HAS BEEN SENT TO ORIGINATOR BASED UPON APPARENT PRE-EXISTING CONDITION OF THE COLLATERAL. |
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 19 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| MODIFIED LOAN DETAIL |
|
|
| |
| CUTOFF |
| MATURITY |
| DATE |
| | | MODIFIED |
| MATURITY |
| DATE |
| |
| DISCLOSURE |
| CONTROL # |
| | | MODIFICATION |
| DATE |
| | | | | MODIFICATION |
| DESCRIPTION |
| | | | |
|
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 20 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES | PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| 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.. |
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 21 OF 22 |
| | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | | |
| |
| | | | | | | |
| | | | | | | |
| | | ABN AMRO |
|
| | LASALLE BANK | | N.A. |
| | FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC. |
| | STATEMENT DATE: | | 04/14/2003 |
| FIRST UNION NATIONAL BANK, AS SERVICER | PAYMENT DATE: | | 04/14/2003 |
| COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES |
| PRIOR PAYMENT: | | 03/12/2003 |
| SERIES 2002-C1 | NEXT PAYMENT: | | 05/12/2003 |
| RECORD DATE: | | 03/31/2003 |
|
| ABN AMRO ACCT: 67-8956-70-7 |
| APPRAISAL REDUCTION DETAIL |
|
| |
| DISCLOSURE |
| CONTROL# |
| | APPRAISAL |
| RED. DATE |
| | | SCHEDULED |
| BALANCE |
| | | ARA |
| AMOUNT |
| | CURRENT P&I |
| ADVANCE |
| | | ASER |
|
| | | NOTE |
| RATE |
| | MATURITY |
| DATE |
| REMAINING TERM | | | PROPERTY |
| TYPE |
| | GEOGRAPHIC |
| LOCATION |
| | |
| DSCR |
| | | APPRAISAL |
| VALUE DATE |
| | | | | | |
| | | | CURRENT | | CUMULATIVE | LIFE | | AMORT | | |
| 61 | | 1/7/03 | | 3,897,828.02 | | 1,085,584.25 | 27,896.85 | | 5,398.07 | 22,666.70 | | 8.00% | 01/01/12 | | 105 | | 225 | | MULTIFAMILY | | KY | | NOT AVL. | | 3,600,000.00 | | 10/14/02 |
| 80 | | 1/7/03 | | 2,237,497.61 | | 445,628.65 | 16,928.84 | | 2,215.89 | 8,952.96 | | 8.00% | 12/01/11 | | 104 | | 224 | | MULTIFAMILY | | KY | | NOT AVL. | | 2,300,000.00 | | 10/14/02 |
| 2 | | 6,135,325.63 | | 1,531,212.90 | 44,825.69 | | 7,613.96 | | 31,619.65 |
|
|
| 04/10/2003 - 10:56 () 2003 LASALLE BANK N.A. | | PAGE 22 OF 22 |
