8-K 1 boa02pb2.txt JULY 8K 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 : July 11, 2002 (Date of earliest event reported) Commission File No.: 333-65298-03 Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates Series 2002-PB2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-2365571 52-2365572 52-7281898 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Road Columbia, Maryland 21045 (Address of principal executive offices) (Zip Code) (410) 884-2000 Registrant's Full Telephone Number (Former name, former address and former fiscal year, if changed since last report) ITEM 5. Other Events On July 11, 2002 distribution was made to holders of Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2002-PB2. ITEM 7. Financial Statements and Exhibits (c) Exhibits Item 601(a) of Regulation S-K Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2002-PB2, relating to the July 11, 2002 distribution. 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. Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2002-PB2 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: July 11, 2002 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2002-PB2, relating to the July 11, 2002 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Rd Columbia, MD 21045-1951 Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates Series 2002-PB2 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date:07/11/2002 Record Date: 06/28/2002 DISTRIBUTION DATE STATEMENT Table of Contents Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Ratings Detail 6 Current Mortgage Loan and Property Stratification Tables 7 - 9 Mortgage Loan Detail 10 - 13 Principal Prepayment Detail 14 Historical Detail 15 Delinquency Loan Detail 16 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Depositor Banc of America Commercial Mortgage, Inc. 100 North Tyron Street Charlotte, NC 28255 Contact: David Gertner Phone Number: (704) 388-3621 Master Servicer Bank of America, N.A. 26th Floor Los Angeles, CA 90017 Contact: Anita Roglich Phone Number: (213) 345-0182 Special Servicer Lennar Partners, Inc. 700 N.W. 107th Avenue Miami, FL 33172 Contact: Steve Bruha Phone Number: (305) 229-6614 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank MN, N.A. has not independently confirmed the accuracy of information received from these third parties and assumes no duty to do so. Wells Fargo Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 1997, Wells Fargo Bank Minnesota, N.A.

Loan Appraisal Appraisal Res Mod Number Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (1) Property Type Code MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office MU- Mixed Use LO- Lodging SS- Self Storage OT- Other (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10- Deed In Lieu of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination

Principal Prepayment Detail No Principal Prepayments this Period

Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross Delinq. Date Advances Advances** Loan(1) Reference 3136520 A1 0 06/01/2002 222,327.11 222,327.11 A 10206794 A10 0 06/01/2002 53,533.33 53,533.33 A 3113453 A11 0 06/01/2002 57,338.63 57,338.63 A 10206795 A12 0 06/01/2002 43,654.00 43,654.00 A 3131448 A13 0 06/01/2002 40,105.13 40,105.13 A 3131562 A14 0 06/01/2002 31,440.44 31,440.44 A 3131315 A15 0 06/01/2002 26,241.62 26,241.62 A 3131182 A16 0 06/01/2002 24,261.13 24,261.13 A 3136587 A17 0 06/01/2002 27,969.23 27,969.23 A 10206797 A18 0 06/01/2002 13,918.67 13,918.67 A 10206798 A19 0 06/01/2002 10,493.75 10,493.75 A 3113651 A2 0 06/01/2002 136,646.06 136,646.06 A 3129046 A24 0 06/01/2002 43,176.13 43,176.13 A 3136280 A26 0 06/01/2002 25,298.24 25,298.24 A 3136298 A28 0 06/01/2002 20,816.84 20,816.84 A 3130697 A30 0 06/01/2002 11,231.63 11,231.63 A 10206587 A35 0 06/01/2002 48,396.83 48,396.83 A 3136249 A41 0 06/01/2002 95,826.82 95,826.82 A 3136579 A42 0 06/01/2002 81,779.78 81,779.78 A 3129103 A44 0 06/01/2002 26,897.50 26,897.50 A 10206793 A6 0 06/01/2002 87,423.58 87,423.58 A 3131299 A8 0 06/01/2002 58,424.75 58,424.75 A 3131372 A9 0 06/01/2002 53,473.50 53,473.50 A 82A120 B10 0 06/01/2002 20,641.00 20,641.00 A 82A118 B11 0 06/01/2002 18,118.83 18,118.83 A 82A106 B12 0 06/01/2002 18,366.15 18,366.15 A 3137379 B17 0 06/01/2002 13,948.45 13,948.45 A 230303927 B18 0 06/01/2002 9,836.58 9,836.58 A 82A111 B21 0 06/01/2002 19,312.45 19,312.45 A 230307980 B22 0 06/01/2002 58,613.51 58,613.51 A 230307999 B23 0 06/01/2002 26,003.71 26,003.71 A 230308017 B24 0 06/01/2002 22,938.65 22,938.65 A 230307990 B25 0 06/01/2002 15,690.05 15,690.05 A 230299606 B26 0 06/01/2002 15,885.53 15,885.53 A 230307991 B27 0 06/01/2002 15,563.20 15,563.20 A 230307992 B6 0 06/01/2002 27,450.03 27,450.03 A 230307995 B8 0 06/01/2002 22,620.28 22,620.28 A 6104459 P1 0 06/01/2002 256,989.81 256,989.81 A 6103802 P11 0 06/01/2002 244,203.03 244,203.03 A 6104485 P2 1 05/01/2002 90,815.36 181,630.72 1 6104381 P26 0 06/01/2002 117,232.63 117,232.63 A 6104518 P3 0 06/01/2002 62,605.42 62,605.42 A 6104370 P39 0 06/01/2002 32,074.92 32,074.92 A 6104457 P4 0 06/01/2002 53,199.97 53,199.97 A 6104369 P40 0 06/01/2002 31,473.07 31,473.07 A 6104368 P41 0 06/01/2002 22,834.79 22,834.79 A 6104446 P5 0 06/01/2002 44,171.03 44,171.03 A 6104440 P6 0 06/01/2002 33,010.73 33,010.73 A 6104350 P8 0 06/01/2002 19,986.85 19,986.85 A Totals 49 2,554,260.73 2,645,076.09

Resolution Actual Outstanding Bankruptcy Loan Number Strategy Servicing Foreclosure Principal Servicing Date REO Code(2) Transfer Date Date Balance Advances Date 3136520 32,825,168.71 0.00 10206794 8,800,000.00 0.00 3113453 8,263,043.00 0.00 10206795 7,176,000.00 0.00 3131448 6,885,000.00 0.00 3131562 5,397,500.00 0.00 3131315 4,505,000.00 0.00 3131182 4,165,000.00 0.00 3136587 4,078,873.05 0.00 10206797 2,288,000.00 0.00 10206798 1,725,000.00 0.00 3113651 19,691,998.00 0.00 3129046 5,954,340.90 0.00 3136280 3,471,826.04 0.00 3136298 2,856,816.83 0.00 3130697 1,482,694.75 0.00 10206587 7,119,067.74 0.00 3136249 13,898,508.31 0.00 3136579 11,954,936.10 0.00 3129103 4,452,000.00 0.00 10206793 14,371,000.00 0.00 3131299 10,030,000.00 0.00 3131372 9,180,000.00 0.00 82A120 2,979,082.06 0.00 82A118 2,648,405.94 0.00 82A106 2,635,303.96 0.00 3137379 1,734,080.93 0.00 230303927 1,181,332.53 0.00 82A111 2,048,873.48 0.00 230307980 8,635,624.92 0.00 230307999 3,526,421.91 0.00 230308017 3,288,131.64 0.00 230307990 2,288,148.34 0.00 230299606 2,279,335.55 0.00 230307991 2,237,463.52 0.00 230307992 3,982,861.80 0.00 230307995 3,384,371.31 0.00 6104459 38,941,468.41 0.00 6103802 32,257,639.76 0.00 6104485 13,480,962.17 0.00 6104381 17,002,696.88 0.00 6104518 9,121,306.83 0.00 6104370 4,487,183.87 0.00 6104457 7,454,915.83 0.00 6104369 4,402,987.28 0.00 6104368 3,194,518.34 0.00 6104446 6,668,575.88 0.00 6104440 5,070,546.01 0.00 6104350 2,759,359.91 0.00 Totals 378,263,372.49 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Deliquency Code: Total for Status Code = 1 (1 loan) 90,815.36 181,630.72 13,480.962.17 0.00 Total for Status Code = A (48 loans) 2,463,445.37 2,463,445.37 364,782,410.32 0.00

(1) Status of Mortgage Loan A- Payment Not Received But Still in Grace Period B- Late Payment But Less Than 1 Month Delinquent 0- Current 1- One Month Delinquent 2- Two Months Delinquent 3- Three Or More Months Delinquent 4- Assumed Scheduled Payment (Performing Matured Balloon) 7- Foreclosure 9- REO (2) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10-Deed In Lieu Of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD ** Outstanding P & I Advances include the current period advance.

(1) Resolution Strategy Code 1- Modification 2- Foreclosure 3- Bankruptcy 4- Extension 5- Note Sale 6- DPO 7- REO 8- Resolved 9- Pending Return to Master Servicer 10-Deed In Lieu Of Foreclosure 11-Full Payoff 12-Reps and Warranties 13-Other or TBD (2) Property Type Code MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office MU- Mixed Use LO- Lodging SS- Self Storage OT- Other Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period ** Aggegate liquidation expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).

BANC OF AMERICA COMMERCIAL MORT PASS THR CERTS SER 2002-PB2 8-K