First Union National Bank Com Mort Pas THR Cert Ser 2002 C1 Inactive
Filed: 18 May 05, 12:00am
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 OR 15(d) of The Securities Exchange Act of 1934
Date of Report (Date of earliest event reported) May 12, 2005
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 its charter)
| North Carolina (State or other jurisdiction of incorporation) | 333-68246 (Commission File Number) | 56-1643598 (IRS Employer Identification No.) |
| 301 South College Street, Charlotte, North Carolina (Address of principal executive offices) | 28288-0166 (Zip Code) |
Registrant's telephone number, including area code 704-374-6161
(Former name or former address, if changed since last report.)
Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):
[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)
[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)
[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))
[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))
Section 8 - Other Events
Item 8.01. 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 May 12, 2005.
Section 9 - Financial Statements and Exhibits
Item 9.01 Financial Statements and Exhibits.
(c) Exhibits
99.1 Monthly distribution report pursuant to Section 4.01 of the Pooling and Servicing Agreement for the distribution on May 12, 2005.
(Exhibit No. Description)
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.
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: May 18, 2005 |
First Union Commercial Mortgage Securities, Inc. First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Reporting Package Table of Contents Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 Administrator: Andy Streepey 312.904.9387 andy.streepey@abnamro.com Analyst: Samantha Lee 714.259.6231 samantha.y.lee@abnamro.com Statement Date: 135 S. LaSalle Street, Suite 1625 Chicago, IL 60603 USA Statements to Certificateholders Cash Reconciliation Summary Shortfall Summary Report Bond Interest Reconciliation Rating Information Asset-Backed Facts ~ 15 Month Loan Status Summary Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary Delinquent Loan Detail Loan Level Detail Specially Serviced (Part I) - Loan Detail Page 2-5 Page 6 Page 7 Page 8 Page 9 Page 10 Page 11 Page 12 Page 13-17 Page 18 Specially Serviced (Part II) - Servicer Comments Modified Loan Detail Realized Loss Detail Appraisal Reduction Detail Page 19 Page 20 Page 21 Page 22 Page(s) Information is available for this issue from the following sources Issue Id: Monthly Data File Name: FUNB02C1 FUNB02C1_200505_3.ZIP Closing Date: First Payment Date: Rated Final Payment: Date: 25-Feb-02 12-Mar-02 12-Feb-34 Parties to The Transaction Issuer: Wachovia Bank, National Association Depositor: Wachovia Bank, National Association Underwriter: Deutsche Banc Alex. Brown/ABN AMRO Incorporated Master Servicer: Wachovia Bank, National Association Special Servicer: Allied Capital Corporation Rating Agency: Standard & Poor's/Moody's Investors Service, Inc. 800.246.5761 LaSalle Factor Line LaSalle Web Site Servicer Web Site www.wachovia.com www.etrustee.net Page 1 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. |
Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC: WAMM: Payment Date: Prior Payment: Next Payment: Record Date: 7.264270% 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union Commercial Mortgage Securities, Inc. First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 76 REMIC II Statement Date: ABN AMRO Acct: 720397.3 773.161042066 5.672127471 0.000000000 767.488914594 3.598420382 Fixed 0.00 0.00 0.000000000 5.58500000% 0.000000000 33736XFS3 A-1 131,057,000.00 743,372.01 0.00 100,584,794.68 471,598.18 101,328,166.69 1000.000000000 0.000000000 0.000000000 1000.000000000 5.117499994 Fixed 0.00 0.00 0.000000000 6.14100000% 0.000000000 33736XFT1 A-2 430,663,000.00 0.00 0.00 430,663,000.00 2,203,917.90 430,663,000.00 949.978986544 0.000000000 0.000000000 948.958326431 0.377359775 0.558212560% 0.00 0.00 0.000000000 0.47667553% 0.000000000 N 33736XFX2 IO-I 728,324,739.00 0.00 0.00 691,149,825.42 274,840.46 691,893,197.43 1000.000000000 0.000000000 0.000000000 1000.000000000 0.801525095 1.204260102% 0.00 0.00 0.000000000 0.96183010% 0.000000000 N 33736XFY0 IO-II 444,320,000.00 0.00 0.00 444,320,000.00 356,133.63 444,320,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.266666540 Fixed 0.00 0.00 0.000000000 6.32000000% 0.000000000 33736XFU8 B 26,402,000.00 0.00 0.00 26,402,000.00 139,050.53 26,402,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.424166718 Fixed 0.00 0.00 0.000000000 6.50900000% 0.000000000 33736XFV6 C 32,774,000.00 0.00 0.00 32,774,000.00 177,771.64 32,774,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.518333699 Fixed 0.00 0.00 0.000000000 6.62200000% 0.000000000 33736XFW4 D 9,104,000.00 0.00 0.00 9,104,000.00 50,238.91 9,104,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.723332927 6.868000000% 0.00 0.00 0.000000000 6.86800000% 0.000000000 33736XFZ7 E 8,194,000.00 0.00 0.00 8,194,000.00 46,896.99 8,194,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.805000000 6.966000000% 0.00 0.00 0.000000000 6.96600000% 0.000000000 33736XGA1 F 12,746,000.00 0.00 0.00 12,746,000.00 73,990.53 12,746,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 5.990179748 7.430345313% 0.00 0.00 0.000000000 7.18821577% 0.000000000 33736XGB9 G 10,014,000.00 0.00 0.00 10,014,000.00 59,985.66 10,014,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.972500172 Fixed 0.00 0.00 0.000000000 5.96700000% 0.000000000 33736XGC7 H 14,567,000.00 0.00 0.00 14,567,000.00 72,434.41 14,567,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.972500343 Fixed 0.00 0.00 0.000000000 5.96700000% 0.000000000 33736XGD5 J 14,566,000.00 0.00 0.00 14,566,000.00 72,429.44 14,566,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.972500458 Fixed 0.00 0.00 0.000000000 5.96700000% 0.000000000 33736XGE3 K 5,463,000.00 0.00 0.00 5,463,000.00 27,164.77 5,463,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.972500915 Fixed 0.00 0.00 0.000000000 5.96700000% 0.000000000 33736XGF0 L 5,462,000.00 0.00 0.00 5,462,000.00 27,159.80 5,462,000.00 1000.000000000 0.000000000 0.000000000 1000.000000000 4.972500343 Fixed 0.00 0.00 0.000000000 5.96700000% 0.000000000 33736XGG8 M 7,283,000.00 0.00 0.00 7,283,000.00 36,214.72 7,283,000.00 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 2 of 22 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 |
Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC: WAMM: Payment Date: Prior Payment: Next Payment: Record Date: 7.264270% 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union Commercial Mortgage Securities, Inc. First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 76 REMIC II Statement Date: ABN AMRO Acct: 720397.3 1000.000000000 0.000000000 0.000000000 1000.000000000 4.972501373 Fixed 0.00 0.00 0.000000000 5.96700000% 0.000000000 33736XGH6 N 3,642,000.00 0.00 0.00 3,642,000.00 18,109.85 3,642,000.00 590.992483742 0.000000000 0.000000000 590.992483742 2.517004896 Fixed 0.00 ) (6,910.80 ) (0.421705513 5.96700000% 0.000000000 33736XGJ2 O 16,387,739.28 0.00 0.00 9,685,030.74 41,248.02 9,685,030.74 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH279 R-II 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH278 R-I 0.00 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 ) (6,910.80 728,324,739.28 691,893,197.43 4,892,557.45 Total 691,149,825.42 743,372.01 0.00 4,149,185.44 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 3 of 22 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 |
Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 0 Per $ 0 Per $ 0 Per $ 0 Per $ 0 Per $ 0 Per $ 0 Next Rate(3) WAC: WAMM: Payment Date: Prior Payment: Next Payment: Record Date: 7.264270% 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union Commercial Mortgage Securities, Inc. First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 76 Grantor Trust Statement Date: ABN AMRO Acct: 720397.3 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH280 Z 0.00 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 0.00 0.00 0.00 0.00 Total 0.00 0.00 0.00 0.00 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 4 of 22 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 |
Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC: WAMM: Payment Date: Prior Payment: Next Payment: Record Date: 7.264270% 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union Commercial Mortgage Securities, Inc. First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 76 Companion Tier Statement Date: ABN AMRO Acct: 720397.3 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 N/A 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH2954 75-B 699,553.63 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 N/A 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH2962 96-B 318,958.32 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 N/A 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH2970 97-B 317,145.44 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 N/A 0.00 0.00 0.000000000 N/A 0.000000000 9ABSH2988 106-B 295,855.35 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 0.00 1,631,512.74 0.00 0.00 Total 0.00 0.00 0.00 0.00 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 5 of 22 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 |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Statement Date: Cash Reconciliation Summary Current Scheduled Interest Interest Summary Less Deferred Interest Plus Gross Advance Interest Less PPIS Reducing Scheduled Int 3,780,699.85 0.00 0.00 Less ASER Interest Adv Reduction ) (4,687.55 Less Other Adjustment 0.00 Total 4,180,732.37 Unscheduled Interest: Prepayment Penalties 0.00 Yield Maintenance Penalties 0.00 Other Interest Proceeds 0.00 Total 0.00 Less Fees & Expenses Paid By/To Servicer Less Fee Paid To Servicer Less Fee Strips Paid by Servicer Special Servicing Fees Interest Due Serv on Advances Recoup of Prior Advances Misc. Fees & Expenses Total Unscheduled Fees & Expenses Total Interest Due Trust Less Fees & Expenses Paid By/To Trust Trustee Fee Fee Strips Misc. Fees Interest Reserve Withholding Plus Interest Reserve Deposit Total Total Interest Due Certs Principal Summary Scheduled Principal: Current Scheduled Principal Advanced Scheduled Principal Scheduled Principal Unscheduled Principal: Curtailments Prepayments in Full Liquidation Proceeds Repurchase Proceeds Other Principal Proceeds Total Unscheduled Principal Remittance Principal Remittance P&I Due Trust Remittance P&I Due Certs Pool Balance Summary Beginning Pool Scheduled Principal Unscheduled Principal Deferred Interest Liquidations Repurchases Ending Pool Balance Count Principal Interest Prior Outstanding Plus Current Period Less Recovered Ending Outstanding Servicing Fee Summary Current Servicing Fees Plus Fees Advanced for PPIS Less Reduction for PPIS Plus Delinquent Servicing Fees Total Servicing Fees PPIS Summary Gross PPIS Reduced by PPIE Reduced by Shortfalls in Fees Reduced by Other Amounts PPIS Reducing Scheduled Interest PPIS Reducing Servicing Fee PPIS Due Certificate 0.00 ) (908.60 0.00 0.00 0.00 ) (2,223.24 4,150,972.81 ) (1,787.39 0.00 0.00 0.00 ) (1,787.39 669,248.63 74,123.38 743,372.01 0.00 0.00 0.00 0.00 0.00 0.00 743,372.01 4,894,344.82 4,892,557.43 691,893,197.43 102 743,372.01 0.00 0 0.00 0.00 0 0.00 0 691,149,825.42 102 100,598.63 634,755.36 74,123.38 400,032.52 97,250.82 550,615.56 27,536.32 0.00 0.00 2,995.85 30,532.17 0.00 0.00 0.00 0.00 0.00 0.00 0.00 ) (27,536.32 4,149,185.42 Interest Not Advanced ( Current Period ) 0.00 404,720.07 Workout Fees Liquidation Fees ) (1,314.64 0.00 Less Non Recovered ) (484,172.32 ) (77,471.19 0.00 0.00 0.00 Advance Summary (Advance Made by Servicer) Page 6 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Interest Adjustments Summary Statement Date: 0.00 0.00 908.60 1,314.64 Special Servicing Fees Workout Fees Liquidation Fees Legal Fees 0.00 0.00 Misc. Fees & Expenses Paid by/to Servicer Interest Paid to Servicer on Outstanding Advances 0.00 4,687.55 ASER Interest Advance Reduction Interest Not Advanced (Current Period) Recoup of Prior Advances by Servicer 0.00 0.00 Servicing Fees Paid Servicer on Loans Not Advanced Misc. Fees & Expenses Paid by Trust 0.00 0.00 0.00 Shortfall Due to Rate Modification Total Shortfall Allocated to the Bonds Total Interest Adjustment to the Bonds 6,910.79 Shortfall Allocated to the Bonds: Excess Allocated to the Bonds: Other Interest Proceeds Due the Bonds Yield Maintenance Penalties Due the Bonds Prepayment Penalties Due the Bonds Recovered ASER Interest Due the Bonds Recovered Interest Due the Bonds Less Total Shortfall Allocated to the Bonds Total Excess Allocated to the Bonds 0.00 0.00 Total Excess Allocated to the Bonds ) (6,910.79 ) (6,910.79 Aggregate Interest Adjustment Allocated to the Bonds 0.00 0.00 0.00 0.00 Prepayment Interest Excess Due the Bonds 0.00 ARD Excess Interest 0.00 0.00 0.00 Net Prepayment Int. Shortfalls Allocated to the Bonds Other Interest Loss Interest Income 0.00 Page 7 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. |
First Union Commercial Mortgage Securities, Inc. Class Accrued Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Bond Interest Reconciliation Deductions Allocable Deferred & Prior Prepay- Other Additions Interest Credit Support Original Current(4) Accrual Int. Short- falls Due ment Interest Interest (2) Payment Amount PPIS Interest Certificate Accretion Interest Loss/Exp Interest Penalties Proceeds (1) Interest Shortfalls Certificate Rate Pass Thru Method Days Outstanding Remaining Statement Date: Distributable Current Period (Shortfall)/ Recovery Int Accrual on Prior Shortfall (3) 0.00 0.00 0.00 0.00 0.00 75-A 30 15,620.79 15,620.79 15,620.79 0.00 NA NA Act/360 7.296900000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 75-B 30 0.00 0.00 0.00 0.00 NA NA Act/360 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96-A 30 9,747.32 9,747.32 9,747.32 0.00 NA NA Act/360 7.546900000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 96-B 30 0.00 0.00 0.00 0.00 NA NA Act/360 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 97-A 30 8,414.75 8,414.75 8,414.75 0.00 NA NA Act/360 7.296900000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 97-B 30 0.00 0.00 0.00 0.00 NA NA Act/360 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106-A 30 5,508.63 5,508.63 5,508.63 0.00 NA NA Act/360 7.296900000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 106-B 30 0.00 0.00 0.00 0.00 NA NA Act/360 N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-1 30 471,598.18 471,598.18 471,598.18 0.00 82.01% 85.45% 30/360 5.585000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 30 2,203,917.90 2,203,917.90 2,203,917.90 0.00 22.88% 23.14% 30/360 6.141000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 IO-I 30 274,840.46 274,840.46 274,840.46 0.00 NA NA 30/360 0.476675531% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 IO-II 30 356,133.63 356,133.63 356,133.63 0.00 NA NA 30/360 0.961830102% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B 30 139,050.53 139,050.53 139,050.53 0.00 19.25% 19.32% 30/360 6.320000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 30 177,771.64 177,771.64 177,771.64 0.00 14.75% 14.57% 30/360 6.509000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 D 30 50,238.91 50,238.91 50,238.91 0.00 13.50% 13.26% 30/360 6.622000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 E 30 46,896.99 46,896.99 46,896.99 0.00 12.38% 12.07% 30/360 6.868000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 F 30 73,990.53 73,990.53 73,990.53 0.00 10.63% 10.23% 30/360 6.966000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 G 30 59,985.66 59,985.66 59,985.66 0.00 9.25% 8.78% 30/360 7.188215769% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 H 30 72,434.41 72,434.41 72,434.41 0.00 7.25% 6.67% 30/360 5.967000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 J 30 72,429.44 72,429.44 72,429.44 0.00 5.25% 4.56% 30/360 5.967000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 K 30 27,164.77 27,164.77 27,164.77 0.00 4.50% 3.77% 30/360 5.967000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 L 30 27,159.80 27,159.80 27,159.80 0.00 3.75% 2.98% 30/360 5.967000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M 30 36,214.72 36,214.72 36,214.72 0.00 2.75% 1.93% 30/360 5.967000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N 30 18,109.85 18,109.85 18,109.85 0.00 2.25% 1.40% 30/360 5.967000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 O 30 48,158.82 911,165.69 41,248.02 869,917.66 0.00% 0.00% 30/360 5.967000000% ) (6,910.79 863,006.87 0.00 0.00 0.00 0.00 0.00 0.00 Z 30 0.00 0.00 0.00 0.00 NA NA 30/360 0.000000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,195,387.73 5,058,394.60 4,188,476.93 869,917.66 ) (6,910.79 863,006.87 0.00 (2) Accrued - Deductions + Additions Interest (3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable. 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 8 of 22 (1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest. (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). |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Rating Information Class CUSIP Fitch Moody's S&P Fitch Moody's S&P Original Ratings Rating Change/Change Date(1) Statement Date: 75-B 9ABSH2954 NR NR NR 96-B 9ABSH2962 NR NR NR 97-B 9ABSH2970 NR NR NR 106-B 9ABSH2988 NR NR NR 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 Z 9ABSH280 NR NR NR Page 9 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. 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. |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 Asset-Backed Facts ~ 15 Month Historical Loan Status Summary 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 Delinquency Aging Categories Special Event Categories (1) Statement Date: ABN AMRO Acct: 720397.3 0.98% 0.16% 0.00% 0.00% 1 0.98% 4,357,167 0.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.98% 0.63% 12-May-05 1 1,120,245 0 0 0 0 0 0 0 0 1 4,357,167 0 0 0.98% 0.16% 0.00% 0.00% 1 0.98% 4,361,265 0.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.98% 0.63% 12-Apr-05 1 1,121,401 0 0 0 0 0 0 0 0 1 4,361,265 0 0 0.98% 0.16% 0.00% 0.00% 1 0.98% 4,364,410 0.63% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.98% 0.63% 14-Mar-05 1 1,122,331 0 0 0 0 0 0 0 0 1 4,364,410 0 0 0.97% 0.16% 0.00% 0.00% 1 0.97% 4,370,320 0.63% 0.97% 0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.94% 1.01% 14-Feb-05 1 1,123,917 0 0 1 2,664,766 0 0 0 0 2 7,035,086 0 0 0.93% 0.16% 0.00% 0.00% 1 0.93% 4,373,405 0.63% 0.93% 0.38% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 1.87% 1.01% 12-Jan-05 1 1,124,831 0 0 1 2,666,687 0 0 0 0 2 7,040,092 0 0 0.93% 0.16% 0.00% 0.00% 2 1.85% 7,045,065 1.00% 0.00% 0.00% 0.93% 0.69% 0.00% 0.00% 0.00% 0.00% 2.78% 1.69% 13-Dec-04 1 1,125,739 0 0 0 0 1 4,871,707 0 0 3 11,916,772 0 0 0.00% 0.00% 0.00% 0.00% 1 0.93% 2,671,059 0.38% 0.00% 0.00% 0.93% 0.69% 0.00% 0.00% 0.00% 0.00% 2.78% 1.69% 12-Nov-04 0 0 0 0 0 0 1 4,876,205 0 0 3 11,927,709 0 0 0.00% 0.00% 0.00% 0.00% 1 0.93% 2,672,938 0.38% 0.00% 0.00% 0.93% 0.69% 0.00% 0.00% 0.00% 0.00% 2.78% 1.69% 12-Oct-04 0 0 0 0 0 0 1 4,879,667 0 0 3 11,936,069 0 0 0.00% 0.00% 0.00% 0.00% 1 0.93% 2,675,374 0.38% 0.00% 0.00% 0.93% 0.69% 0.00% 0.00% 0.00% 0.00% 3.70% 2.25% 13-Sep-04 0 0 0 0 0 0 1 4,884,116 0 0 4 15,854,613 0 0 0.00% 0.00% 0.00% 0.00% 1 0.91% 2,677,225 0.38% 1.82% 0.85% 0.91% 0.69% 0.00% 0.00% 0.00% 0.00% 5.45% 3.08% 12-Aug-04 0 0 0 0 2 6,044,293 1 4,887,527 0 0 6 21,909,933 0 0 0.00% 0.00% 0.00% 0.00% 1 0.91% 2,679,064 0.38% 1.82% 0.85% 0.91% 0.69% 0.00% 0.00% 0.00% 0.00% 5.45% 4.34% 12-Jul-04 0 0 0 0 2 6,044,293 1 4,890,917 0 0 6 30,899,249 0 0 0.00% 0.00% 0.00% 0.00% 1 0.91% 2,681,461 0.38% 1.82% 0.85% 0.91% 0.69% 0.00% 0.00% 0.00% 0.00% 5.45% 4.33% 14-Jun-04 0 0 0 0 2 6,044,293 1 4,895,296 0 0 6 30,928,498 0 0 0.00% 0.00% 0.91% 0.38% 0 0.00% 0 0.00% 1.82% 0.85% 0.91% 0.69% 0.00% 0.00% 0.00% 0.00% 5.45% 4.33% 12-May-04 0 0 1 2,683,272 2 6,044,293 1 4,898,636 0 0 6 30,952,366 0 0 0.91% 0.38% 0.00% 0.00% 0 0.00% 0 0.00% 1.82% 0.85% 0.91% 0.69% 0.00% 0.00% 0.00% 0.00% 4.55% 2.46% 12-Apr-04 1 2,685,642 0 0 2 6,044,293 1 4,902,967 0 0 5 17,556,004 0 0 0.00% 0.00% 0.91% 0.62% 0 0.00% 0 0.00% 1.82% 0.84% 0.91% 0.69% 0.00% 0.00% 0.00% 0.00% 4.55% 2.46% 12-Mar-04 0 0 1 4,406,784 2 6,044,293 1 4,906,258 0 0 5 17,563,773 0 0 (1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category Page 10 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Series 2002-C1 Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary Distribution Date Ending Pool (1) Payoffs(2) Penalties Appraisal Reduct. (2) Liquidations (2) Realized Losses (2) Remaining Term Curr Weighted Avg. # Balance # Balance # Amount # Balance # Balance # Amount Life Coupon Remit Statement Date: Amort ABN AMRO Acct: 720397.3 Commercial Mortgage Pass-Through Certificates 12-May-05 102 92.73% 691,149,825 94.90% 0.00% 0.00% 1 0.98% 918,305 0.13% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 76 310 7.26% 7.21% 0 0 0 0 12-Apr-05 102 92.73% 691,893,197 95.00% 0.00% 0.00% 1 0.98% 918,305 0.13% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 77 311 7.51% 7.45% 0 0 0 0 14-Mar-05 102 92.73% 692,493,197 95.08% 0.00% 0.00% 1 0.97% 893,017 0.13% 1 0.97% 2,664,766 0.38% 1 0.97% 702,935 0.10% 78 312 7.27% 7.21% 0 0 0 0 14-Feb-05 103 93.64% 696,171,433 95.59% 0.00% 0.00% 2 1.94% 2,328,854 0.33% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 79 313 7.27% 7.21% 0 0 0 0 12-Jan-05 107 97.27% 698,028,725 95.84% 0.00% 0.00% 2 1.85% 2,292,082 0.33% 1 0.93% 4,871,707 0.69% 1 0.93% 1,372,504 0.20% 80 314 7.27% 7.21% 0 0 0 0 13-Dec-04 108 98.18% 703,500,074 96.59% 0.00% 0.00% 3 2.78% 4,187,275 0.59% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 81 315 7.27% 7.21% 0 0 0 0 12-Nov-04 108 98.18% 704,240,759 96.69% 0.00% 0.00% 2 1.85% 3,308,759 0.47% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 82 316 7.51% 7.45% 0 0 0 0 12-Oct-04 108 98.18% 704,835,542 96.77% 0.00% 0.00% 2 1.85% 3,308,759 0.47% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 83 317 7.27% 7.21% 0 0 0 0 13-Sep-04 108 98.18% 705,568,175 96.88% 0.00% 0.00% 2 1.82% 3,269,943 0.46% 2 1.82% 6,044,293 0.85% 2 1.82% 4,627,269 0.65% 84 318 7.52% 7.46% 0 0 0 0 12-Aug-04 110 100.00% 712,198,981 97.79% 0.00% 0.00% 2 1.82% 3,232,573 0.45% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 85 318 7.52% 7.46% 0 0 0 0 12-Jul-04 110 100.00% 712,781,842 97.87% 0.00% 0.00% 1 0.91% 1,836,097 0.26% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 86 319 7.27% 7.22% 0 0 0 0 14-Jun-04 110 100.00% 713,486,964 97.96% 0.00% 0.00% 1 0.91% 1,713,797 0.24% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 87 320 7.52% 7.46% 0 0 0 0 12-May-04 110 100.00% 714,049,669 98.04% 0.00% 0.00% 1 0.91% 1,642,376 0.23% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 88 321 7.27% 7.22% 0 0 0 0 12-Apr-04 110 100.00% 714,747,142 98.14% 0.00% 0.00% 1 0.91% 1,642,376 0.23% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 89 322 7.52% 7.46% 0 0 0 0 12-Mar-04 110 100.00% 715,301,992 98.21% 0.00% 0.00% 1 0.91% 1,642,376 0.23% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 90 323 7.27% 7.22% 0 0 0 0 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 11 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Delinquent Loan Detail Disclosure Control # Paid Thru Date Current P&I Advance Outstanding P&I Advances** Out. Property Protection Advances Loan Status Code (1) Special Servicer Transfer Date Foreclosure Date Bankruptcy Date REO Date Statement Date: 1-Apr-05 111,362.96 111,362.96 0.00 A 9 1-Apr-05 109,519.17 109,519.17 0.00 A 10 1-Apr-05 71,094.27 71,094.27 0.00 A 24 1-Apr-05 52,399.96 52,399.96 0.00 A 34 1-Apr-05 34,491.03 34,491.03 0.00 A 47 1-Aug-04 27,213.94 193,156.05 0.00 23-Jul-04 3 56 1-Apr-05 25,783.09 25,783.09 0.00 A 60 1-Apr-05 13,886.75 13,886.75 0.00 A 84 1-Apr-05 13,989.98 13,989.98 0.00 A 86 1-Mar-05 7,768.42 15,536.79 0.00 1 104 1-Apr-05 6,646.34 6,646.34 0.00 A 105 474,155.90 647,866.38 Total 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 12 of 22 A. In Grace Period 1. Delinq. 1 month 2. Delinq. 2 months 3. Delinquent 3 + months 4. Performing Matured Balloon ** Outstanding P&I Advances include the current period P&I Advances and may include Servicer and Trust Advances. 7. Foreclosure 9. REO B. Late Payment but < 1 month delinq. 5. Non Performing Matured Balloon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 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) Statement Date: 31-Dec-04 CA 6.90% 1-Jan-12 FUNB02CA Retail 1.49 33,806,430 230,510 1 31-Dec-04 CA 7.58% 1-Feb-12 FUNB02CA Retail 1.90 26,808,094 194,497 2 31-Dec-04 NY 7.25% 1-Feb-12 FUNB02CA Office 1.37 25,197,330 177,366 3 31-Dec-04 XX 7.56% 1-Jan-12 FUNB02CA Self storage 1.94 24,561,133 191,556 4 31-Dec-04 CA 7.25% 1-Dec-09 FUNB02CA Mixed use 1.62 19,624,844 138,141 5 31-Dec-03 MI 7.08% 1-Jul-11 FUNB02CA Retail 2.07 19,850,624 134,137 6 31-Dec-04 AZ 6.82% 1-Nov-11 FUNB02CA Multifamily 1.18 18,721,567 124,119 7 31-Dec-04 FL 6.81% 1-Dec-11 FUNB02CA Retail 2.14 17,841,486 120,729 8 31-Dec-04 VA 6.98% 1-Jan-12 FUNB02CA Multifamily 1.36 16,309,332 112,043 A 9 31-Dec-03 IN 7.25% 1-Jan-12 FUNB02CA Retail 1.33 15,639,562 110,171 A 10 31-Dec-04 FL 6.92% 1-Aug-10 FUNB02CA Multifamily 1.26 15,417,251 107,174 11 NY 7.25% 1-Jan-12 FUNB02CA Office 0.00 15,494,303 109,148 12 31-Dec-04 NY 7.35% 1-Dec-11 FUNB02CA Office 1.57 15,397,046 109,547 13 31-Dec-03 PA 7.61% 1-Sep-11 FUNB02CA Multifamily 1.35 13,836,705 101,067 14 FL 7.61% 1-Jan-11 FUNB02CA Lodging 0.00 13,187,533 103,837 15 31-Dec-03 MI 7.05% 1-Nov-11 FUNB02CA Multifamily 1.44 11,987,267 83,040 16 31-Dec-04 NY 7.60% 1-Feb-12 FUNB02CA Retail 1.49 10,661,518 77,492 17 31-Dec-04 IL 7.10% 1-Feb-12 FUNB02CA Retail 1.34 10,594,932 73,547 18 31-Dec-03 MN 7.34% 1-Feb-12 FUNB02CA Office 1.42 10,604,024 75,265 19 31-Dec-04 FL 7.44% 1-Nov-11 FUNB02CA Mobile home park 1.11 9,727,973 70,206 20 31-Dec-04 VA 7.15% 1-Dec-11 FUNB02CA Retail 1.40 9,568,614 66,460 21 31-Dec-04 NV 7.11% 1-Feb-12 FUNB02CA Multifamily 1.07 9,488,096 65,925 22 31-Dec-04 FL 7.25% 1-Sep-10 FUNB02CA Multifamily 1.22 9,440,403 67,535 23 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 13 of 22 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month 2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 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) Statement Date: 31-Dec-04 MA 7.41% 1-Feb-12 FUNB02CA Industrial 1.40 9,287,393 71,482 A 24 31-Dec-04 MD 7.04% 1-Feb-09 FUNB02CA Multifamily 0.39 9,309,146 66,565 25 31-Dec-04 NC 7.05% 1-Jan-12 FUNB02CA Multifamily 0.96 8,703,032 60,198 26 31-Dec-04 CA 7.39% 1-Jan-12 FUNB02CA Office 2.06 8,627,301 61,561 27 31-Dec-04 TX 7.47% 1-Jan-12 FUNB02CA Office 1.64 8,535,149 61,350 28 31-Dec-04 PA 8.00% 1-May-11 FUNB02CA Retail 1.55 8,515,337 64,571 29 31-Dec-03 FL 7.40% 1-Jan-12 FUNB02CA Mixed use 1.26 8,017,169 57,260 30 31-Dec-04 NV 7.10% 1-Nov-11 FUNB02CA Retail 1.56 7,724,331 53,763 31 31-Dec-03 CA 7.39% 1-Sep-11 FUNB02CA Retail 1.80 7,727,685 55,336 32 31-Dec-03 NY 7.11% 1-Jan-12 FUNB02CA Mobile home park 1.63 7,697,108 54,587 33 31-Dec-03 TX 7.25% 1-Nov-11 FUNB02CA Industrial 1.12 7,491,562 52,869 A 34 31-Dec-04 NC 7.36% 1-Feb-11 FUNB02CA Multifamily 1.18 7,317,082 52,614 35 31-Dec-03 VA 8.14% 1-Sep-11 FUNB02CA Lodging 2.36 7,141,018 58,584 36 CA 7.00% 1-Dec-11 FUNB02CA Multifamily 0.00 7,147,155 49,232 37 31-Dec-04 CA 7.76% 1-Jul-11 FUNB02CA Multifamily 1.52 6,771,699 50,197 38 31-Dec-04 CA 7.13% 1-Dec-11 FUNB02CA Industrial 1.78 6,622,245 46,150 39 31-Dec-04 CA 7.25% 1-Dec-09 FUNB02CA Retail 1.71 6,299,332 44,341 40 31-Dec-03 FL 7.00% 1-Jan-12 FUNB02CA Multifamily 1.21 6,138,057 42,247 41 31-Dec-03 KS 6.90% 1-Dec-11 FUNB02CA Multifamily 0.98 5,500,985 37,540 42 31-Dec-04 VA 7.07% 1-Feb-12 FUNB02CA Office 1.92 5,323,433 36,851 43 31-Dec-03 WA 7.15% 1-Jan-12 FUNB02CA Multifamily 1.30 5,322,310 37,147 44 31-Dec-04 NC 7.36% 1-Jan-12 FUNB02CA Retail 1.23 5,281,891 37,586 45 31-Dec-04 AZ 7.36% 1-Jul-11 FUNB02CA Multifamily 0.89 5,158,794 36,896 46 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 14 of 22 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month 2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 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) Statement Date: 31-Dec-04 NV 7.03% 1-Dec-11 FUNB02CA Multifamily 1.59 5,023,479 34,701 A 47 31-Dec-03 NY 6.90% 1-Dec-08 FUNB02CA Multifamily 1.22 4,921,934 33,589 48 TN 1-Jan-12 FUNB02CA Multifamily 1-Jan-05 49 23-Dec-04 NV 7.50% 1-Jan-12 FUNB02CA Retail 1.82 4,760,311 36,950 50 31-Dec-04 AR 7.34% 1-Jan-12 FUNB02CA Office 1.60 4,723,957 33,554 51 31-Dec-04 KY 7.00% 1-Jan-12 FUNB02CA Multifamily 1.32 4,639,791 31,935 52 31-Dec-03 OR 8.30% 1-Jan-12 FUNB02CA Lodging 1.68 4,551,372 37,610 53 31-Dec-03 MO 8.30% 1-Jan-12 FUNB02CA Lodging 1.96 4,551,372 37,610 54 31-Dec-04 SC 7.25% 1-Aug-11 FUNB02CA Multifamily 1.21 4,531,243 32,046 55 31-Dec-02 FL 7.70% 1-Sep-06 FUNB02CA Multifamily 1.37 4,357,167 32,083 3 56 31-Dec-03 CA 7.58% 1-Jan-12 FUNB02CA Industrial 1.66 4,246,555 30,831 57 31-Dec-04 VA 7.69% 1-Feb-12 FUNB02CA Retail 1.56 3,888,050 28,491 58 31-Dec-03 FL 7.38% 1-Feb-12 FUNB02CA Multifamily -0.23 3,879,861 27,627 59 31-Dec-03 KS 6.75% 1-Dec-11 FUNB02CA Multifamily 1.01 3,855,786 25,944 A 60 KY 1-Jan-12 FUNB02CA Multifamily 1-Sep-04 61 31-Dec-03 TN 7.50% 1-Sep-11 FUNB02CA Lodging 4.66 3,685,229 31,567 62 31-Dec-03 GA 7.10% 1-Nov-11 FUNB02CA Retail 1.68 3,784,923 26,344 63 31-Dec-03 CO 7.35% 1-Feb-12 FUNB02CA Retail 1.32 3,733,726 26,525 64 31-Dec-04 CO 7.29% 1-Dec-11 FUNB02CA Retail 1.25 3,620,101 25,615 65 31-Dec-03 VA 7.13% 1-Dec-08 FUNB02CA Multifamily 1.02 3,542,176 24,685 66 31-Dec-04 GA 7.10% 1-Nov-11 FUNB02CA Retail 1.86 3,514,571 24,462 67 31-Dec-04 MD 7.25% 1-Nov-11 FUNB02CA Office 1.71 3,189,955 22,512 68 31-Dec-04 AZ 7.07% 1-Nov-11 FUNB02CA Retail 1.31 3,043,643 21,125 69 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 15 of 22 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month 2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 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) Statement Date: 31-Dec-04 UT 7.37% 1-Jan-12 FUNB02CA Industrial 0.80 2,980,360 21,228 70 31-Dec-03 IL 7.25% 1-Jan-12 FUNB02CA Multifamily 1.22 2,930,444 20,651 71 31-Dec-03 CO 7.17% 1-Feb-12 FUNB02CA Retail 1.32 2,882,569 20,146 72 31-Dec-03 CO 7.25% 1-Nov-11 FUNB02CA Mixed use 1.01 2,754,962 19,442 73 TX 1-Jun-11 FUNB02CA Multifamily 1-Mar-05 74 31-Dec-03 MD 7.35% 10-Dec-11 FUNB02CB Industrial 1.49 2,564,929 19,697 75 31-Dec-03 IL 7.11% 1-Nov-11 FUNB02CA Multifamily 1.35 2,486,404 17,317 76 31-Dec-04 VA 7.18% 1-Nov-11 FUNB02CA Office 1.46 2,391,190 16,767 77 31-Dec-04 CA 7.13% 1-Dec-11 FUNB02CA Retail 1.36 2,198,854 18,788 78 31-Dec-03 IL 7.52% 1-Jan-12 FUNB02CA Retail 1.23 2,314,087 16,715 79 KY 1-Dec-11 FUNB02CA Multifamily 1-Sep-04 80 31-Dec-04 IL 7.37% 1-Jan-12 FUNB02CA Multifamily 0.51 2,108,060 15,015 81 31-Dec-03 NJ 7.30% 1-Jan-12 FUNB02CA Mobile home park 1.13 2,082,719 14,732 82 31-Dec-04 FL 7.13% 1-Feb-12 FUNB02CA Mobile home park 1.30 2,067,343 14,391 83 31-Dec-03 VA 7.00% 1-Dec-11 FUNB02CA Multifamily 1.09 2,028,247 13,971 A 84 31-Dec-04 MS 7.28% 1-Feb-12 FUNB02CA Retail 1.67 1,999,244 14,112 85 31-Dec-03 MI 7.25% 1-Jan-12 FUNB02CA Multifamily 1.09 1,997,797 14,073 A 86 31-Dec-03 FL 7.55% 1-Jan-12 FUNB02CA Retail 1.72 1,928,732 15,030 87 31-Dec-03 NC 7.29% 1-Dec-11 FUNB02CA Retail 1.33 1,943,626 13,753 88 31-Dec-04 FL 7.13% 1-Feb-12 FUNB02CA Mobile home park 1.53 1,936,621 13,481 89 31-Dec-04 TX 6.90% 1-Dec-06 FUNB02CA Multifamily 1.28 1,930,170 13,172 90 31-Dec-03 TX 7.30% 1-Dec-11 FUNB02CA Multifamily 1.04 1,784,425 13,643 91 31-Dec-04 AL 7.49% 1-Jan-12 FUNB02CA Retail 1.26 1,818,822 13,097 92 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 16 of 22 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month 2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 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) Statement Date: 31-Dec-03 VA 7.35% 1-Jan-12 FUNB02CA Multifamily 1.17 1,744,354 12,402 93 31-Dec-03 NY 7.31% 1-Dec-11 FUNB02CA Retail 1.98 1,706,248 12,095 94 31-Dec-04 CA 7.25% 1-Dec-09 FUNB02CA Office 1.93 1,598,169 12,143 95 31-Dec-03 IN 7.60% 10-Dec-11 FUNB02CC Retail 1.32 1,547,572 12,123 96 31-Dec-03 FL 7.35% 10-Dec-11 FUNB02CD Industrial 1.35 1,381,700 10,611 97 31-Dec-03 MN 7.50% 1-Oct-11 FUNB02CA Retail 1.69 1,403,254 10,139 98 31-Dec-03 IL 7.11% 1-Nov-11 FUNB02CA Multifamily 1.31 1,332,519 9,281 99 31-Dec-03 IL 7.11% 1-Nov-11 FUNB02CA Multifamily 1.53 1,303,552 9,079 100 31-Dec-03 IL 7.11% 1-Nov-11 FUNB02CA Multifamily 1.32 1,255,272 8,743 101 31-Dec-03 AZ 7.50% 1-May-11 FUNB02CA Multifamily 1.50 1,156,395 8,391 102 31-Dec-03 IL 7.11% 1-Nov-11 FUNB02CA Multifamily 1.44 1,129,745 7,868 103 31-Dec-03 LA 7.13% 1-Nov-11 FUNB02CA Multifamily 1.10 1,120,245 7,815 1 104 31-Dec-02 NY 7.05% 1-Dec-06 FUNB02CA Multifamily 1.32 966,201 6,687 A 105 31-Dec-03 NY 7.35% 10-Dec-11 FUNB02CE Industrial 1.46 904,515 6,946 106 MD 10-Dec-11 FUNB02CF Industrial 1-Jan-05 107 IN 10-Dec-11 FUNB02CG Retail 1-Jan-05 108 FL 10-Dec-11 FUNB02CH Industrial 1-Jan-05 109 NY 10-Dec-11 FUNB02CI Industrial 1-Jan-05 110 691,149,825 4,931,788 0 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 17 of 22 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month 2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Specially Serviced (Part I) ~ Loan Detail (End of Period) Disclosure Control # Servicing Xfer Date Balance Note Rate Maturity Date Remaining Property Type Geo. Location NOI DSCR NOI Date Schedule Actual Life Amort. Statement Date: Loan Status Code(1) 23-Jul-04 4,357,167 16 316 FL 7.70% 1-Sep-06 Multifamily 4,390,367 525,814 1.37 31-Dec-02 3 56 4,357,167 4,390,367 1 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 18 of 22 (1) Legend: A. P&I Adv - in Grace Period B. P&I Adv - < one month delinq 1. P&I Adv - delinquent 1 month 2. P&I Adv - delinquent 2 months 3. P&I Adv - delinquent 3+ months 4. Mat. Balloon/Assumed P&I 7. Foreclosure 9. REO 5. Non Performing Mat. Balloon |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Specially Serviced Loan Detail (Part II) ~ Servicer Comments (End of Period) Disclosure Control # Resolution Strategy Comments Statement Date: Modification The loan transferred to special servicing 7/23/04. Occupancy not high enough to support debt service. Property inspected - fair condition. Borrower is increasing occupancy. Counsel engaged for foreclosure. Demand letter sent. Workout negotiations are in process. Borrower is close to obtaining funds for a full payoff. 56 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 19 of 22 |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Modified Loan Detail Disclosure Control # Modification Date Cutoff Maturity Date Modification Description Modified Maturity Date Statement Date: 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 20 of 22 |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Realized Loss Detail Period Disclosure Control # Appraisal Date Appraisal Value Beginning Scheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate Liquidation Expenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Statement Date: 200503 2,664,766.19 2,249,163.41 287,332.42 1,961,830.99 702,935.20 84.40% 73.62% 20-Mar-01 3,450,000.00 74 200501 4,871,707.23 0.00 827,210.23 3,499,203.16 1,372,504.07 0.00% 71.83% 6-Dec-01 6,500,000.00 49 200409 3,840,161.61 2,854,372.27 1,456,946.66 1,397,425.61 2,442,736.00 74.33% 36.39% 1-Nov-01 5,600,000.00 61 200409 2,204,131.01 698,560.33 678,962.58 19,597.75 2,184,533.26 31.69% 0.89% 16-Jul-01 3,400,000.00 80 13,580,766.04 5,802,096.01 3,250,451.89 6,878,057.51 6,702,708.53 Current Total Cumulative 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. Page 21 of 22 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc.. |
First Union Commercial Mortgage Securities, Inc. Payment Date: Prior Payment: Next Payment: Record Date: 12-May-05 12-May-05 12-Apr-05 13-Jun-05 29-Apr-05 First Union National Bank, as Servicer Commercial Mortgage Pass-Through Certificates Series 2002-C1 ABN AMRO Acct: 720397.3 Appraisal Reduction Detail Disclosure Control# Appraisal Red. Date Scheduled Balance ASER Note Rate Maturity Date Property Type Geographic Location Appraisal Value Date DSCR Statement Date: Amort Remaining Term Life ARA Amount Current P&I Advance Current Cumulative 6-May-05 4,357,166.51 30,151.01 1-Sep-06 16 316 Multifamily FL 4,110,000.00 17-Sep-04 7.70% 1.37 918,304.93 27,213.94 4,687.55 56 4,357,166.51 918,304.93 27,213.94 4,687.55 30,151.01 1 Page 22 of 22 10-May-2005 - 10:01 (H133-H298) (c) 2005 LaSalle Bank N.A. |