8-K 1 jpc03c01.txt JAN 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 12, 2004 (Date of earliest event reported) Commission File No.: 333-85954-07 JP Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2003-C1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2105545 54-2105546 54-2105547 54-6535290 (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 12, 2004 a distribution was made to holders of JP Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates, Series 2003-C1. 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-C1 relating to the January 12, 2004 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. JP Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2003-C1 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 16, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-C1, relating to the January 12, 2004 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045 JP Morgan Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2003-C1 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 01/12/2004 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 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Depositor JP Morgan Chase Commercial Mortgage Securities Corp. 270 Park Avenue 10th Floor New York, NY 10017 Contact: Brian Baker Phone Number: (212) 834-3813 Master Servicer Wachovia Bank, National Association 8739 Research Drive URP 4, NC1075 Charlotte, NC 28262 Contact: Timothy S. Ryan Phone Number: (704) 593-7878 Special Servicer Lend Lease Asset Management, LP 700 N. Pearl Street Suite 1900 Dallas, TX 75201-7424 Contact: Michael O'Hanlon Phone Number: (214) 999-7009 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the 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.

NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430

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-Reference Delinq. Date Advances Advances** Loan (1) 585000001 1 0 12/07/2003 970,418.82 970,418.82 A 585000002 2 0 12/10/2003 272,253.69 272,253.69 A 585000006 6 0 12/01/2003 174,325.10 174,325.10 A 585000017 17 0 12/01/2003 96,714.29 96,714.29 A 585000027 27 0 12/01/2003 63,978.89 63,978.89 A 585000032 32 0 12/01/2003 56,656.32 56,656.32 A 585000033 33 0 12/01/2003 52,698.58 52,698.58 A 685000036 36 0 12/01/2003 49,869.00 49,869.00 B 585000037 37 0 12/01/2003 45,251.22 45,251.22 A 585000041 41 0 12/01/2003 43,314.88 43,314.88 A 585000042 42 0 12/01/2003 39,007.16 39,007.16 A 585000045 45 0 12/01/2003 24,918.83 24,918.83 A 585000057 57 0 12/01/2003 28,050.28 28,050.28 A 585000062 62 0 12/01/2003 26,853.74 26,853.74 A 585000069 69 0 12/01/2003 23,346.49 23,346.49 A 585000074 74 0 12/01/2003 19,652.31 19,652.31 A 585000077 77 0 12/01/2003 19,291.13 19,291.13 A 685000080 80 0 12/01/2003 17,932.62 17,932.62 A 585000096 96 0 12/01/2003 10,324.72 10,324.72 A 685000098 98 0 12/01/2003 11,864.50 11,864.50 A 585000100 100 0 12/01/2003 8,878.54 8,878.54 A 585000102 102 0 12/01/2003 8,460.52 8,460.52 A 585000103 103 0 12/01/2003 8,515.29 8,515.29 A 585000001 105 0 12/07/2003 124,069.09 124,069.09 A Totals 24 2,196,646.01 2,196,646.01

(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 Liquidated Loan Detail No Liquidated Loans this Period

JP MORGAN CHASE COM MORT SEC CORP PASS THR CERT SE 2003 C1 8-K