8-K 1 msc03iq6.txt JANUARY 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 : January 15,2004 (Date of earliest event reported) Commission File No.: 333-104283-03 Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ6 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2139172 54-2139173 54-2139174 54-6593435 (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 15,2004 a distribution was made to holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ6 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-IQ6 relating to the January 15, 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. Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ6 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent 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-IQ6, relating to the January 15, 2004 distribution. EX-99.1 Wells Fargo Bank MN, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ6 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 01/15/2004 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 - 13 Mortgage Loan Detail 14 - 19 Principal Prepayment Detail 20 Historical Detail 21 Delinquency Loan Detail 22 - 24 Specially Serviced Loan Detail 25 - 26 Modified Loan Detail 27 Liquidated Loan Detail 28 Depositor Morgan Stanley Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number: (212) 761-4700 Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 Ext 333 Master Servicer Wells Fargo Bank, N.A. 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Master & Special Servicer NCB, FSB National Consumer Cooperative Bank 1725 Eye Street, NW Washington, DC 20006 Contact: Kathleen Luzik Phone Number: (202) 336-7633 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. NCB, FSB will act as Master Servicer with respect to the NCB, FSB Mortgage Loans. National Consumber Cooperative Bank will act as Special Servicer with respect to the residential cooperative loans. Copyright 2004, 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) 600872820 2 0 12/01/2003 367,792.26 367,792.26 B 600872821 3 0 12/01/2003 275,753.52 275,753.52 B 700201370 4 0 12/07/2003 100,440.00 100,440.00 B 700201371 4A 0 12/07/2003 90,396.00 90,396.00 B 600872857 9 0 12/01/2003 118,403.20 118,403.20 A 600872823 10 0 12/01/2003 103,410.83 103,410.83 B 600872801 11 0 12/01/2003 114,500.11 114,500.11 B 600872824 13 0 12/01/2003 85,710.74 85,710.74 B 600872802 14 0 12/01/2003 35,989.80 35,989.80 B 600872803 15 0 12/01/2003 33,032.89 33,032.89 B 600872804 16 0 12/01/2003 29,738.05 29,738.05 B 600872805 17 0 12/01/2003 27,963.91 27,963.91 B 600872858 21 0 12/01/2003 64,839.85 64,839.85 A 600872806 30 0 12/05/2003 50,426.86 50,426.86 B 600872859 31 0 12/01/2003 49,616.59 49,616.59 A 600872807 32 0 12/01/2003 49,815.31 49,815.31 B 600872808 34 0 12/01/2003 51,948.25 51,948.25 B 600872825 36 0 12/01/2003 44,646.91 44,646.91 B 600872860 37 0 12/01/2003 45,105.99 45,105.99 A 600872861 38 0 12/01/2003 43,696.43 43,696.43 A 600872826 39 0 12/01/2003 41,874.31 41,874.31 B 600872809 40 0 12/01/2003 41,079.28 41,079.28 B 600872810 41 0 12/05/2003 36,780.89 36,780.89 B 600872862 44 0 12/01/2003 35,791.61 35,791.61 A 600872811 47 0 12/01/2003 38,249.11 38,249.11 B 600872827 48 0 12/01/2003 39,193.81 39,193.81 B 600872828 49 0 12/01/2003 23,433.94 23,433.94 B 600872812 50 0 12/01/2003 32,148.27 32,148.27 B 600872863 55 0 12/01/2003 25,935.94 25,935.94 A 600872813 56 0 12/01/2003 28,015.37 28,015.37 B 600872864 60 0 12/01/2003 25,051.57 25,051.57 A 600872829 65 0 12/01/2003 27,721.37 27,721.37 B 600872865 69 0 12/01/2003 23,270.16 23,270.16 A 600872830 70 0 12/01/2003 21,825.14 21,825.14 B 600872831 72 0 12/01/2003 19,793.30 19,793.30 B 600872832 73 0 12/01/2003 18,341.32 18,341.32 B 600872833 74 0 12/01/2003 20,099.32 20,099.32 B 600872815 75 0 12/01/2003 20,879.18 20,879.18 B 600872834 76 0 12/01/2003 18,798.19 18,798.19 B 600872835 77 0 12/01/2003 18,190.44 18,190.44 B 600872866 79 0 12/01/2003 15,505.18 15,505.18 A 600872867 81 0 12/01/2003 14,941.36 14,941.36 A 600872836 83 0 12/01/2003 14,307.34 14,307.34 B 600872868 84 0 12/01/2003 14,535.37 14,535.37 A 600872842 91 0 12/01/2003 18,562.85 18,562.85 B 600872869 102 0 12/01/2003 11,276.49 11,276.49 A 600872870 103 0 12/01/2003 11,276.49 11,276.49 A 600872871 104 0 12/01/2003 11,276.49 11,276.49 A 600872837 105 0 12/01/2003 12,731.88 12,731.88 B 600872872 109 0 12/01/2003 10,712.67 10,712.67 A 600872873 114 0 12/01/2003 9,866.93 9,866.93 A 600872874 115 0 12/01/2003 9,866.93 9,866.93 A 600872817 116 0 12/01/2003 10,972.04 10,972.04 B 600872818 117 0 12/01/2003 9,834.39 9,834.39 B 600872819 118 0 12/01/2003 918.34 918.34 B 600872875 119 0 12/01/2003 9,303.11 9,303.11 A 600872843 124 0 12/01/2003 10,734.75 10,734.75 B 600872844 125 0 12/01/2003 12,279.87 12,279.87 B 600872845 129 0 12/01/2003 12,081.57 12,081.57 B 600872846 130 0 12/01/2003 12,002.77 12,002.77 B 600872847 131 0 12/01/2003 10,097.02 10,097.02 B 600872849 134 0 12/01/2003 11,251.10 11,251.10 B 600872876 139 0 12/01/2003 7,317.48 7,317.48 A 600872850 141 0 12/01/2003 13,569.30 13,569.30 B 600872851 142 0 12/01/2003 10,399.19 10,399.19 B 600872877 143 0 12/01/2003 7,047.81 7,047.81 A 600872852 147 0 12/01/2003 8,643.67 8,643.67 B 600872853 148 0 12/01/2003 11,567.18 11,567.18 B 600872854 155 0 12/01/2003 6,105.39 6,105.39 B 600872855 157 0 12/01/2003 6,908.57 6,908.57 B 600872878 158 0 12/01/2003 4,834.76 4,834.76 A 600872856 164 0 12/01/2003 7,437.12 7,437.12 B 600872879 166 0 12/01/2003 3,789.41 3,789.41 A Totals 73 2,681,654.84 2,681,654.84

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 600872820 61,500,000.00 0.00 600872821 42,439,888.84 0.00 700201370 20,000,000.00 0.00 700201371 18,000,000.00 0.00 600872857 20,957,698.19 0.00 600872823 20,421,583.15 0.00 600872801 19,957,739.69 0.00 600872824 15,582,371.62 0.00 600872802 4,245,599.77 0.00 600872803 3,896,782.89 0.00 600872804 3,508,101.22 0.00 600872805 3,298,811.09 0.00 600872858 11,476,834.73 0.00 600872806 8,980,178.58 0.00 600872859 8,782,273.53 0.00 600872807 8,560,000.00 0.00 600872808 8,287,762.70 0.00 600872825 8,000,000.00 0.00 600872860 7,983,885.03 0.00 600872861 7,734,388.62 0.00 600872826 7,683,142.38 0.00 600872809 7,165,152.91 0.00 600872810 6,974,521.93 0.00 600872862 6,335,212.77 0.00 600872811 5,983,786.74 0.00 600872827 5,844,837.46 0.00 600872828 5,520,000.00 0.00 600872812 5,500,000.00 0.00 600872863 4,590,733.89 0.00 600872813 4,572,926.28 0.00 600872864 4,434,199.84 0.00 600872829 4,223,072.36 0.00 600872865 4,118,883.29 0.00 600872830 4,050,000.00 0.00 600872831 3,250,000.00 0.00 600872832 3,246,442.69 0.00 600872833 3,240,561.32 0.00 600872815 2,986,687.05 0.00 600872834 2,925,668.98 0.00 600872835 2,860,753.30 0.00 600872866 2,744,460.48 0.00 600872867 2,644,661.92 0.00 600872836 2,584,458.34 0.00 600872868 2,572,799.96 0.00 600872842 2,303,315.84 0.00 600872869 1,995,971.26 0.00 600872870 1,995,971.26 0.00 600872871 1,995,971.26 0.00 600872837 1,994,482.16 0.00 600872872 1,896,172.69 0.00 600872873 1,746,474.85 0.00 600872874 1,746,474.85 0.00 600872817 1,685,674.97 0.00 600872818 1,538,988.31 0.00 600872819 143,711.63 0.00 600872875 1,646,676.29 0.00 600872843 1,588,930.82 0.00 600872844 1,533,030.54 0.00 600872845 1,489,303.12 0.00 600872846 1,483,782.15 0.00 600872847 1,465,077.01 0.00 600872849 1,414,579.02 0.00 600872876 1,295,213.69 0.00 600872850 1,283,221.41 0.00 600872851 1,256,957.42 0.00 600872877 1,247,482.04 0.00 600872852 1,197,511.75 0.00 600872853 1,154,353.90 0.00 600872854 903,704.42 0.00 600872855 868,601.14 0.00 600872878 855,765.69 0.00 600872856 695,573.54 0.00 600872879 670,736.16 0.00 Totals 450,760,572.73 0.00

Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances ~~Total for Status Code = B (23 Loans) 573,261.82 573,261.82 101,468,942.29 0.00 Total for Status Code = B (50 Loans) 2,108,393.02 2,108,393.02 349,291,630.44 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 Liquidated Loan Detail No Liquidated Loans this Period * Aggregate liquidation expenses also include outstanding P & I advances and unpaid fees (servicing, trustee, etc.).

MORGAN STANLEY COMM MORT PASS THR CERTS SER 2003-IQ6 8-K