8-K 1 bsc03pwr2.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, 2003 (Date of earliest event reported) Commission File No.: 333-86366-03 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2003-PWR2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2126349 54-2126350 54-2126351 54-6553654 54-6553655 (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, 2003 distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-PWR2. 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 2003-PWR2, relating to the November 12, 2003 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 2003-PWR2 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, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2003-PWR2, relating to the November 12, 2003 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Rd Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2003-PWR2 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date:11/12/2003 Record Date: 10/31/2003 DISTRIBUTION DATE STATEMENT Table of Contents Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Cash Reconciliation 6 Ratings Detail 7 Current Mortgage Loan and Property Stratification Tables 8 - 10 Mortgage Loan Detail 11 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Depositor Bear Stearns Commercial Mortgage Securities 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Master Servicer Prudential Asset Resources, Inc. 2200 Ross Avenue, Suite 4900E Dallas, TX 75201 Contact: Hal Collett Phone Number: (214) 721-6032 General Special Servicer GMAC Commercial Mortgage Corporatior 550 California Street San Francisco, CA 94104 Contact: CMBS Portfolio Manager Phone Number (415) 835-9200 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 2003, 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

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 510901280 4 0 10/08/2003 252,757.49 252,757.49 A 850201190 21 0 10/01/2003 85,128.06 85,128.06 A 310901206 22 0 10/01/2003 91,386.22 91,386.22 A 850201208 33 0 10/01/2003 53,314.57 53,314.57 A 600872403 34 0 10/01/2003 53,304.72 53,304.72 A 310901217 40 0 10/01/2003 46,557.20 46,557.20 A 6104767 43 0 10/01/2003 43,292.68 43,292.68 A 6105003 48 0 10/01/2003 39,416.34 39,416.34 A 850201214 50 0 10/01/2003 49,815.53 49,815.53 A 6104967 57 0 11/01/2003 30,123.50 30,123.50 A 850201177 58 0 10/01/2003 25,056.18 25,056.18 A 310901183 65 0 10/01/2003 23,638.77 23,638.77 A 310901184 66 0 10/01/2003 23,638.77 23,638.77 A 310901232 71 0 10/01/2003 22,596.44 22,596.44 A 600872404 72 0 10/01/2003 22,685.66 22,685.66 A 890901187 73 0 10/01/2003 21,217.95 21,217.95 A 6104968 74 0 10/01/2003 24,544.35 24,544.35 A 6104973 76 0 10/01/2003 28,802.63 28,802.63 A 6104985 77 0 10/01/2003 21,062.58 21,062.58 A 6104874 79 0 10/01/2003 19,450.86 19,450.86 A 600872405 86 0 10/01/2003 17,008.73 17,008.73 A 6104524 99 0 10/01/2003 11,698.69 11,698.69 A 850201219 06A 0 10/01/2003 163,745.27 163,745.27 A 850201221 06B 0 10/01/2003 37,047.73 37,047.73 A Totals 24 1,207,290.92 1,207,290.92

Resolution Actual Outstanding Bankruptcy Loan Number Strategy Servicing Foreclosure Principal Servicing Date REO Code(2) Transfer Date Date Balance Advances Date 510901280 42,421,679.35 0.00 850201190 15,665,337.57 0.00 310901206 14,973,722.14 0.00 850201208 8,691,737.14 0.00 600872403 8,575,361.20 0.00 310901217 7,642,642.86 0.00 6104767 7,448,111.55 0.00 6105003 6,381,095.90 0.00 850201214 5,929,409.41 0.00 6104967 5,186,864.95 0.00 850201177 5,150,000.00 0.00 310901183 4,091,953.80 0.00 310901184 4,091,953.80 0.00 310901232 3,842,753.65 0.00 600872404 3,786,398.92 0.00 890901187 3,689,617.31 0.00 6104968 3,653,810.45 0.00 6104973 3,450,982.16 0.00 6104985 3,439,653.95 0.00 6104874 3,299,309.57 0.00 600872405 2,886,487.81 0.00 6104524 1,587,177.13 0.00 850201219 28,831,777.97 0.00 850201221 6,523,251.98 0.00 Totals 201,241,090.57 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances ~~Totals by Deliquency Code: Total for Status Code = A (24 loans) 1,207,290.92 1,207,290.92 201,241,090.57 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. Specially Serviced Loan Detail - Part 1 No Specially Serviced Loans this Period Specially Serviced Loan Detail - Part 2 No Specially serviced Loans this Period Modified Loan Detail No Modified Loans this Period Liquidated Loan Detail No Liquidated Loans this Period

BEAR STEARN COMMERCIAL MORT PASS THROUGH CERT SER 2003 PWR2 8-K