8-K 1 ccm04c02_10501.txt UNITED STATES 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 18, 2005 (Date of earliest event reported) Commission File No.: 333-108125-02 Citigroup Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-6648409 (I.R.S. Employer Identification No.) C/O Wells Fargo Bank, N.A. 9062 Old Annapolis Rd. Columbia, MD 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On January 18, 2005, a distribution was made to holders of Citigroup Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2004-C2. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C2, relating to the January 18, 2005 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. Citigroup Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-C2 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 18, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C2, relating to the January 18, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Citigroup Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2004-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: January 18, 2005 Record Date: December 31, 2004 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 - 16 Mortgage Loan Detail 17 - 20 Principal Prepayment Detail 21 Historical Detail 22 Delinquency Loan Detail 23 Specially Serviced Loan Detail 24 - 25 Modified Loan Detail 26 Liquidated Loan Detail 27 Depositor Citigroup Commercial Mortgage Securities Inc. 388 Greenwich Street, 11th Floor New York, NY 10013 Contact: Angela Vleck Phone Number: (212) 816-8087 Master Servicer Midland Loan Services, Inc. 10851 Mastin Street, Bldg. 82 Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 Special Servicer Lennar Partners, Inc. 1601 Washington Avenue Miami Beach, FL 33139 Contact: Randy Wolpert Phone Number: (305) 695-5628 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, 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, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2005, Wells Fargo Bank, N.A.

~~UNITED~~Certificate ~~STATES SECURITIES~~Distribution ~~AND~~Detail ~~EXCHANGE~~Class ~~COMMISSION Washington,~~CUSIP ~~D.C. 20549 FORM 8~~Pass-~~K CURRENT~~Through ~~REPORT Pursuant~~Original toBeginning ~~Section~~Principal 13Interest orRate ~~15(d)~~Balance ofBalance ~~the~~Distribution ~~Securities~~Distribution ~~Exchange~~A-1 ~~Act~~173067EA3 of3.787000% ~~1934 Date~~44,979,000.00 of44,979,000.00 ~~report~~491,856.91 ~~(Date of earliest event reported) December 22~~141,946.23 ~~2004~~ A-~~------------------------------ Citigroup~~2 ~~Commercial~~173067EB1 ~~Mortgage~~4.100000% ~~Securities~~110,215,000.00 ~~Inc~~110,215,000. ~~-------------------------------------------------------------------------------- (Exact~~00 ~~Name~~0.00 of376,567.92 ~~Registrant as Specified in Its Charter) Delaware 333~~A-~~108125-02 13-3439681 -------------------------------------------------------------------------------- (State~~3 or173067EC9 ~~Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No~~4.~~) 388~~380000% ~~Greenwich Street~~65,639,000.00 ~~New York~~65,639,000.00 ~~New~~0.00 York 10013 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number239,582.35 ~~including area code (212) 816-6000 ---------------------------- N/~~A -~~------------------------------------------------------------------------------- (Former~~4 ~~Name~~173067ED7 or4.623000% ~~Former Address~~32,298,000.00 if Changed Since Last Report) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 23032,298,000.~~425) [~~00 ~~] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240~~0.~~14a-12) [~~00 ~~] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240~~124,428.~~14d-2(b)) [~~04 ~~] Pre~~A-~~commencement~~5 ~~communications~~173067EE5 ~~pursuant to Rule 13e-~~4~~(c)~~.733000% ~~under~~440,496,000.00 ~~the Exchange~~440,496,000.00 ~~Act (17 CFR 240~~0.~~13e-4(c)) Section~~00 1,737,389.64 A-1A ~~Registrant's~~173067EF2 ~~Business and Operations Item 1~~4.01620000% ~~Entry into a Material Definitive Agreement~~130,764,000. On00 ~~December 22~~130, ~~2004~~764,000.00 ~~a pooling and servicing agreement dated as of December 1~~80,959.35 ~~2004 (the "Pooling and Servicing Agreement")~~503,441.40 ~~was~~A-J ~~entered~~173067EG0 ~~into by and among Citigroup Commercial Mortgage Securities Inc~~4.797000% ~~as depositor (the "Registrant")~~45, ~~Midland Loan Services Inc~~084,000.00 ~~as master servicer~~45,084,000.00 ~~Lennar~~0.00 ~~Partners~~180, ~~Inc~~223.29 asB ~~special~~173067EH8 ~~servicer~~4.839000% ~~and Wells Fargo Bank~~34, N779,000.A.00 ~~as trustee~~34,779,000.00 ~~for~~0.00 ~~the purpose of issuing a single series of certificates~~140,246.32 ~~entitled~~C ~~Citigroup~~173067EJ4 ~~Commercial Mortgage~~4.864800% ~~Trust 2004-C2 ("Citigroup Commercial Mortgage Trust 2004-C2")~~10, ~~Commercial~~304,000.00 ~~Mortgage Pass-Through Certificates~~10,304,000.00 ~~Series~~0.00 ~~2004-C2 (the "Certificates")~~41,772.42 ~~The~~D ~~Pooling~~173067EK1 ~~and Servicing Agreement is attached as Exhibit~~ 4.~~1 hereto.~~924100% ~~Certain classes of the Certificates~~18, ~~designated as Class A-1~~034,000.00 ~~Class A-2~~18, ~~Class A-3~~034,000.00 ~~Class~~0.00 ~~A-4~~74,001.02 ~~Class~~E A-173067EQ8 5,.023000% ~~Class A-1A~~12, ~~Class A-J~~881,000.00 ~~Class B~~12, ~~Class C and Class D (collectively~~881, ~~the "Publicly-Offered Certificates") were registered under the Registrant's registration statement on Form S-3 (Registration No~~000. ~~333-108125)~~00 ~~and sold to Citigroup Global Markets Inc~~0.,00 ~~PNC Capital Markets~~53, ~~Inc~~917.,72 ~~Deutsche~~F ~~Bank~~173067ES4 ~~Securities~~5.210700% ~~Inc~~12,881,000.00 ~~and J~~12,881,000.P.00 ~~Morgan Securities Inc~~0. ~~(collectively,~~00 ~~the "Underwriters")~~55,932.52 ~~pursuant~~G to173067EU9 an5.387100% ~~underwriting agreement dated as of December 15~~10,305,000.00 ~~2004 (the "Underwriting Agreement")~~10,305,000.00 ~~between~~0.00 ~~the Registrant and the Underwriters~~46,261.72 ~~The~~H ~~Underwriting~~173067EW5 ~~Agreement is attached as Exhibit 1~~5.~~1 hereto.~~635235% ~~Certain of the mortgage loans backing the Publicly-Offered Certificates (the "CGMRC Mortgage Loans") were acquired by the Registrant from Citigroup Global Markets Realty Corp~~14,169,000.00 ~~("CGMRC") as seller pursuant to a mortgage loan purchase agreement dated as of December 15~~14,169,000.00 ~~2004~~0.00 ~~(the "CGMRC Mortgage Loan Purchase Agreement")~~66,538.04 ~~which~~J is173067EY1 ~~attached hereto as Exhibit 99~~4.1.585000% ~~The remaining mortgage loans backing the Publicly-Offered Certificates (the "PNC Mortgage Loans"; the CGMRC Mortgage Loans and the PNC Mortgage Loans~~6, ~~collectively~~441,000.00 ~~the "Mortgage Loans") were acquired by the Registrant from PNC Bank~~6,441,000.00 ~~National Association~~0.00 ~~("PNC") as seller pursuant to a mortgage loan purchase agreement dated as of December 15~~24,609.99 ~~2004~~K ~~(the~~173067FA2 ~~"PNC~~4.585000% ~~Mortgage Loan Purchase Agreement"; the CGMRC Mortgage Loan Purchase Agreement and the PNC Mortgage Loan Purchase Agreement~~6,441,000.00 ~~collectively~~6,441,000.00 ~~the~~0.00 ~~"Mortgage Loan Purchase Agreements")~~24,609.99 ~~which~~L ~~is attached~~173067FC8 ~~hereto~~4.585000% as5,152,000.00 ~~Exhibit 99~~5,152,000.~~2. Each~~00 Mortgage Loan Purchase Agreement contains representations and warranties made by the related seller (CGMRC or PNC as the case may be) to the Registrant with respect to the Mortgage Loans sold by such seller to the Registrant0. ~~Section~~00 ~~9 - Financial Statements and Exhibits Item 9~~19,684.0193 ~~Financial~~M ~~Statements~~173067FE4 ~~and Exhibits~~4. ~~Listed~~585000% ~~below are the financial statements~~5,152,000.00 ~~pro forma financial information and exhibits~~5,152,000.00 if0.00 ~~any~~19,684.93 ~~filed~~N as173067FG9 a4.585000% ~~part of this report: (a) Financial statements of businesses acquired: Not applicable~~3,865,000. ~~(b)~~00 ~~Pro forma financial information: 2 Not applicable~~3,865,000. ~~(c)~~00 ~~Exhibits: Exhibit No~~0. ~~Description 1.1 Underwriting~~00 ~~Agreement 4~~14,767.~~1 Pooling~~52 ~~and~~O ~~Servicing~~173067FJ3 ~~Agreement 99~~4.~~1 CGMRC~~585000% ~~Mortgage Loan Purchase Agreement 99~~3,864,000.~~2 PNC~~00 ~~Mortgage Loan Purchase Agreement~~ 3 ~~SIGNATURES Pursuant~~,864,000.00 to0.00 ~~the~~14,763.70 ~~requirements~~P of173067FL8 ~~the~~4.585000% ~~Securities Exchange Act of 1934~~16,747,078.70 ~~the Registrant has duly caused this report to be signed on its behalf by the undersigned~~16,747,078.70 ~~thereunto duly authorized~~0. ~~Date: January~~00 663,987.80 ~~2005 CITIGROUP~~R ~~COMMERCIAL~~N/A ~~MORTGAGE SECURITIES~~0.000000% ~~INC~~0. ~~By:~~00 ~~/s/~~0.00 ~~Angela~~0.00 ~~Vleck ------------------------------- Name: Angela~~0.00 ~~Vleck Title: Vice~~Y ~~President 4 EXHIBIT~~N/A ~~INDEX ------------- The~~0.000000% ~~following~~0.01 ~~exhibits~~0.01 ~~are~~0.00 ~~filed~~0.00 ~~herewith: Exhibit~~Totals ~~No. -----------~~ 1,030,490,078.~~1 Underwriting~~71 ~~Agreement 4.~~1 ~~Pooling and Servicing Agreement 99~~,030,490,078.~~1 CGMRC~~71 ~~Mortgage Loan Purchase Agreement 99~~572,816.~~2 PNC~~26 ~~Mortgage Loan Purchase Agreement 5~~3,964,357.49

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,051,216.80 Interest reductions due to Nonrecoverability Determinations 0.00 Interest Adjustments 0.00 Deferred Interest 0.00 Net Prepayment Interest Shortfall 0.00 Net Prepayment Interest Excess 0.00 Extension Interest 0.00 Interest Reserve Withdrawal 0.00 Total Interest Collected 5,051,216.80 Principal: Scheduled Principal 572,816.33 Unscheduled Principal 0.00 Principal Prepayments 0.00 Collection of Principal after Maturity Date 0.00 Recoveries from Liquidation and Insurance Proceeds 0.00 Excess of Prior Principal Amounts paid 0.00 Curtailments 0.00 Negative Amortization 0.00 Principal Adjustments 0.00 Total Principal Collected 572,816.33 Other: Prepayment Penalties/Yield Maintenance 0.00 Repayment Fees 0.00 Borrower Option Extension Fees 0.00 Equity Payments Received 0.00 Net Swap Counterparty Payments Received 0.00 Total Other Collected: 0.00 Total Funds Collected 5,624,033.13 Total Funds Distributed Fees: Master Servicing Fee 48,657.05 Trustee Fee 2,040.94 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 50,697.99 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 0.00 Special Servicing Fee 0.00 Rating Agency Expenses 0.00 Attorney Fees & Expenses 0.00 Bankruptcy Expense 0.00 Taxes Imposed on Trust Fund 0.00 Non-Recoverable Advances 0.00 Other Expenses 0.00 Total Additional Trust Fund Expenses 0.00 Interest Reserve Deposit 161,307.06 Payments to Certificateholders & Others: Interest Distribution 4,839,211.72 Principal Distribution 572,816.26 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 5,412,027.98 Total Funds Distributed 5,624,033.03

Principal Prepayment Detail No Principal Prepayments this Period

Delinquency Loan Detail No Delinquent Loans this Period 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

Filing Compare · Citigroup Commercial Mortgage Trust 2004-C2