8-K 1 bsc02pbw1.txt NOVEMBER 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 : November 12, 2002 (Date of earliest event reported) Commission File No.: 333-87381-04 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) Pending (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 November 12, 2002 distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2002-PBW1 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-PBW1, relating to the November 12, 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. Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2002-PBW1 By: Wells Fargo Bank Minnesota, N.A., as Certificate Administrator By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: November 12, 2002 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2002-PBW1, relating to the November 12, 2002 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services Bear Stearns Commercial Mortgage Securities Inc., 9062 Old Annapolis Road Commercial Mortgage Pass-Through Certificates Columbia, MD 21045-1951 Series 2002-PBW1 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date:11/12/2002 Record Date: 10/31/2002 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 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Depositor Bear, Stearns & Co., Inc. 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, N.A. 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Master and RREEF Special Servicer Prudential Asset Resources, Inc. 2200 Ross Avenue, Suite 4900E Dallas, TX 75201 Contact: Hal Collett Phone Number: (214) 721-6032 General Special Servicer ARCap Special Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75201 Contact: Chris Crouch Phone Number: (972) 580-1688 Ext 30 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.

~~Delaware~~Certificate ~~333~~Distribution Detail Class CUSIP Pass-~~86366~~Through 13Original Beginning Principal Rate Balance Balance Distribution A-~~3411414~~1 07383FMM7 3.970000% 371,811,000.00 371,811,000.00 660,504.08 A-~~--------------------------------------------------------------------------------------------------------~~2 ~~(State~~07383FMN5 or4.720000% ~~Other~~385,855,000.00 ~~Jurisdiction~~385,855,000.00 ~~(Commission~~0.00 ~~(IRS~~B ~~Employer~~07383FMP0 of4.870000% ~~Incorporation)~~26,483,000.00 ~~File~~26,483,000.00 ~~Number)~~0.00 ~~Identification~~C No07383FMQ8 4.)970000% ~~245~~31,089,000.00 ~~Park~~31,089,000.00 ~~Avenue~~0.00 D 07383FMT2 5.050000% 8,060,000.00 ~~New~~8,060,000.00 ~~York~~0.00 E 07383FMU9 5.440000% 9,211,000.00 NY9,211,000.00 ~~10167~~0.00 ~~---------------------------------------------------------------------------------------------------------~~F ~~(Address~~07383FMV7 of5.490000% ~~Principal~~13,817,000.00 ~~Executive~~13,817,000.00 ~~Offices)~~0.00 ~~(Zip~~G ~~Code)~~07383FMW5 ~~Registrant's~~5.830000% ~~telephone~~13,817,000.00 ~~number~~13,817,000.00 ~~including~~0.00 ~~area~~H ~~code~~07383FMX3 ~~(212)~~6.000000% ~~272~~16,120,000.00 16,120,000.00 0.00 J 07383FMY1 6.000000% 10,363,000.00 10,363,000.00 0.00 K 07383FMZ8 6.000000% 3,454,000.00 3,454,000.00 0.00 L 07383FNA2 6.000000% 5,757,000.00 5,757,000.00 0.00 M 07383FNB0 6.000000% 9,211,000.00 9,211,000.00 0.00 N 07383FNC8 6.000000% 2,302,000.00 2,302,000.00 0.00 P 07383FND6 6.000000% 13,824,883.00 13,824,883.00 0.00 R-~~2000~~I N/A 0.000000% 0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-~~------------~~III N/A 0.000000% 0.00 0.00 0.00 V N/A 0.000000% 0.00 0.00 0.00 921,174,883.00 921,174,883.00 660,504.08

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Deliquency Code: Total for Status Code = A (10 loans) 402,198.85 402,198.85 59,963,667.69 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.

Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period

Filing Compare · BEAR STEARNS COMMERCIAL MORTGAGE SEC TR 2002-PBW1