8-K 1 fun01c2.txt JANUARY 8-K 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 : January 14, 2004 (Date of earliest event reported) Commission File No.: 333-53266-02 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-2316405 52-2316406 52-7184008 52-2316404 (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 January 14, 2004 2003 a distribution was made to holders of First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates, Series 2001-C2. 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 2001-C2, relating to the January 14, 2004 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. First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates Series 2001-C2 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 15, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C2, relating to the January 14, 2004 distribution. EX-99.1 Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2001-C2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 01/14/2004 Record Date: 12/31/2003 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) 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 Specially Serviced Loan Detail 18 - 19 Modified Loan Detail 20 Liquidated Loan Detail 21 Underwriter First Union Securities, Inc 201 South College Street Charlotte, NC 28288 Contact: William J. Cohane Phone Number: (704) 383-4984 Underwriter Merrill Lynch, Pierce, Fenner & Smith Inc. World Financial Center, North Tower 250 Vesey Street New York, NY 10281 Contact: John E. Gluszak Phone Number: (212) 449-1000 Master Servicer First Union National Bank Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288 Contact: Timothy S. Ryan Phone Number: (704) 593-7878 Special Servicer Lennar Partners, Inc. 760 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 2003, Wells Fargo Bank Minnesota, N.A.

Mortgage Loan Detail Loan Property Interest Principal Gross Number ODCR Type(1) City State Payment Payment Coupon 265950394 1 OF Washington DC 343,340.69 64,259.12 7.580% 265950357 2 LO Various Various 333,680.56 0.00 7.750% 510000162 3 OF Philadelphia PA 257,417.11 0.00 6.794% 265950334 4 MF La Jolla CA 231,099.26 20,563.84 8.030% 510000172 5 RT Islip NY 214,713.14 20,364.66 7.770% 603000006 6 MF Tallahassee FL 187,315.82 23,318.42 7.210% 603000007 7 MF Various FL 194,032.26 17,117.04 8.050% 603000008 8 OF Anaheim CA 194,368.81 13,514.44 8.700% 510000146 9 OF Gaithersburg MD 173,190.03 13,763.80 8.330% 265950525 10 MU Sacramento CA 154,375.00 0.00 7.800% 265950455 11 MF Las Vegas NV 142,793.75 0.00 7.370% 265950554 12 OF New York NY 135,273.25 16,845.32 7.160% 510000160 13 RT Kaneohe HI 139,183.74 22,897.67 8.000% 265950520 14 MF Las Vegas NV 121,902.23 15,726.12 7.090% 510000165 15 SS Various Various 120,885.24 20,555.50 7.875% 265950445 16 IN Lake Forest CA 116,081.64 11,538.23 7.700% 265950532 17 RT Asheboro NC 103,981.02 12,853.15 7.178% 510000166 18 SS Various Various 111,677.23 18,989.76 7.875% 265950489 19 MF Riverside CA 99,446.62 11,836.14 7.320% 265950448 20 MF Neptune City NJ 96,906.29 20,188.42 7.250% 265950378 21 MF Irving TX 94,937.50 0.00 7.350% 510000129 22 OF New York NY 111,259.10 7,238.58 8.870% 503000023 23 MF Moon Township PA 89,772.36 10,424.95 7.380% 265950381 24 MF Irving TX 90,190.63 0.00 7.350% 265950457 25 RT Woodbridge VA 78,467.22 9,285.86 7.300% 265950614 26 MF Bloomington IN 79,084.14 7,109.57 7.440% 265950322 27 OF Bensalem Township PA 84,942.58 7,257.32 8.140% 265950611 28 RT Los Angeles CA 74,841.02 8,326.43 7.410% 503000029 29 RT Bluffton SC 72,897.74 8,604.35 7.290% 265950533 30 RT Randleman NC 61,014.63 7,548.25 7.176% 510000153 31 IN Santa Cruz CA 71,386.68 4,816.20 8.650% 265950386 32 MF Dallas TX 60,127.08 0.00 7.350% 265950400 33 RT Chesapeake VA 59,774.08 6,651.30 7.500% 265950450 34 MF Wilmington DE 56,827.76 11,838.89 7.250% 510000169 35 RT Bangor ME 57,910.73 6,807.17 7.300% 265950449 36 MF Matawan NJ 55,631.39 11,589.65 7.250% 510000128 37 IN Sunnyvale CA 64,969.74 4,807.34 8.590% 265330988 38 MU Santa Monica CA 54,013.42 5,083.06 7.940% 510000151 39 OF New York NY 53,831.93 1,073.85 7.880% 265950566 40 OF Richmond VA 37,720.86 50,213.27 7.220% 265330998 41 OF Los Angeles CA 52,389.78 4,219.06 8.300% 265330995 42 OF San Francisco CA 50,378.62 4,653.72 8.000% 265950562 43 OF Houston TX 36,714.97 48,874.25 7.220% 265950619 44 MF Norman OK 46,181.31 4,151.65 7.440% 265330972 45 LO Sabal Park FL 47,685.68 6,351.78 8.700% 265950561 46 OF Birmingham AL 32,691.41 43,518.17 7.220% 265950377 47 MF Richardson TX 39,557.29 0.00 7.350% 265950384 48 MF Bedford TX 39,557.29 0.00 7.350% 510000168 49 RT Jacksonville FL 37,227.80 4,233.16 7.380% 510000148 50 OF Parsippany NJ 42,057.21 3,148.33 8.480% 510000144 51 RT Los Angeles CA 40,952.16 2,997.16 8.530% 265950348 52 OF Austin TX 35,161.16 3,525.10 7.750% 265950458 53 MF Safety Harbor FL 35,016.64 3,457.16 7.770% 265950395 54 IN Augusta GA 34,744.67 3,404.28 7.750% 265950387 55 MF Dallas TX 33,228.13 0.00 7.350% 510000163 56 MF Joliet IL 33,055.47 3,653.29 7.500% 265950456 57 OF Alexandria VA 32,515.12 3,630.63 7.440% 265330973 58 LO Tallahassee FL 37,664.47 5,016.93 8.700% 265950321 59 MU Las Vegas NV 34,211.30 2,974.23 8.100% 510000156 60 MF Lafayette Hills PA 29,883.60 3,852.96 7.140% 265950435 61 RT Morrow GA 32,070.07 3,288.39 7.680% 510000152 62 MF Monterey CA 31,688.08 3,347.71 7.625% 265950390 63 RT Cupertino CA 31,710.67 3,224.38 7.700% 265950444 64 OF San Clemente CA 31,581.99 3,139.17 7.700% 265950382 65 MF San Antonio TX 30,063.54 0.00 7.350% 510000159 66 RT Austin TX 31,635.32 2,851.61 8.000% 265950349 67 OF Austin TX 29,300.97 2,937.58 7.750% 265950565 68 OF Richmond VA 21,123.68 28,119.43 7.220% 510000145 69 RT Jacksonville FL 28,360.52 2,434.82 8.170% 503000070 70 OF Pittsburgh PA 27,070.43 2,546.89 7.900% 603000071 71 MF Patton Township PA 25,518.80 2,724.19 7.600% 265950317 72 IN Memphis TN 25,313.53 2,093.63 8.140% 825999645 73 RT Galt CA 16,349.27 17,577.31 6.942% 265950370 74 MF Pasadena TX 23,022.42 1,862.24 8.290% 510000164 75 MF Farmers Branch TX 20,462.91 2,261.56 7.500% 265950372 76 MF Arlington TX 22,118.35 1,764.89 8.180% 265950560 77 OF Birmingham AL 15,088.34 20,085.31 7.220% 265950563 78 OF Houston TX 15,088.34 20,085.31 7.220% 265950459 79 RT Palm Beach Garden FL 18,813.92 1,969.92 7.630% 265950422 80 IN Green Bay WI 18,737.24 3,318.36 7.750% 510000161 81 OF Healdsburg CA 19,194.20 1,718.09 8.000% 825999649 82 RT Palm Desert CA 12,802.74 14,077.26 6.828% 265950365 83 MF Newark DE 15,149.75 1,589.57 7.625% 265950328 84 RT Sterling IL 14,776.54 1,660.33 7.460% 265950481 85 MF Detroit MI 14,785.06 1,517.94 7.640% 265950431 86 RT Stamford CT 14,955.79 1,397.33 7.900% 510000158 87 MF Johnson Ciy TN 14,538.79 1,310.52 8.000% 265330960 88 MF Clarksville TN 14,235.35 1,353.64 7.875% 265950559 89 OF Birmingham AL 10,561.84 14,059.72 7.220% 265950369 90 MF Woburn MA 13,131.94 0.00 7.625% 265330945 91 OF San Francisco CA 13,057.71 1,270.53 7.750% 510000157 92 MF Johnson Ciy TN 13,293.57 1,198.28 8.000% 825999532 93 RT Portage MI 8,491.64 9,044.19 6.990% 510000154 94 IN Plano TX 11,442.56 1,031.44 8.000% 510000149 95 RT Albuquerque NM 12,549.79 824.12 8.750% 825999737 96 RT Roanoke VA 7,701.92 8,482.10 6.820% 825999799 97 RT Warren MI 7,091.59 7,919.63 6.750% 265950312 98 OF Encino CA 10,504.87 789.92 8.470% 265950564 99 OF San Antonio TX 7,041.23 9,373.14 7.220% 265950440 100 MF Naples FL 8,480.10 800.79 7.875% 265950353 101 OF White Plains NY 8,766.79 721.71 8.250% 265950367 102 MF Stuart FL 8,537.54 650.22 8.400% 265330909 103 MH Roanoke TX 6,453.76 466.46 8.500% 265950423 104 RT Meridian ID 5,960.30 533.52 8.000% 265950429 105 MF Carson City NV 5,664.85 567.94 7.750% 265950409 106 RT Long Beach CA 4,770.90 342.37 8.500% 265950428 107 MF Brookline MA 3,677.55 274.26 8.415% 825999649 108 RT Palm Desert CA 7,927.12 -7,927.12 6.828% Totals 6,442,802.54 845,350.13

Appraisal Appraisal Res Mod Loan Number Reduction Reduction Strat. Code Date Amount (2) (3) 265950372 01/08/2004 372,066.61 7 Totals 372,066.61 (1) Property Type Code SS- Self Storage MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office LO- Lodging MU- Mixed Use OT- Other IW- Industrial/Warehouse (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

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Delinquency Code: Total for Status Code = 3 (1 Loan) 15,501.52 62,005.68 2,104,135.42 0.00 Total for Status Code = 9 (1 Loan) 20,922.48 87,519.33 3,146,707.14 67,397.58 Total for Status Code = B (7 Loan) 211,565.29 211,565.29 27,010,254.36 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 OU - Office MU - Mixed Use LO - Lodging SS - Self Storage OT - Other Specially Serviced Loan Detail - Part 2 Offering Resolution Site Other REO Documnet Strategy Inspection Phase 1 Date Appraisal Appraisal Property Loan Number Cross-Reference Code Date Date Value REvenue 265950372 76 7 09/23/2003 3,250,000.00 Comments from Special Servicer 265950372 Foreclosure October 7, 2003. (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

Modified Loan Detail No Modified Loans Liquidated Loan Detail No Liquidated Loans

FIRST UNION COMMERCIAL MORTGAGE PASS THR CER SER 2001-C2 8-K