8-K 1 fun00c02_10502.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: February 17, 2005 (Date of earliest event reported) Commission File No.: 333-30294-02 First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-7104733 52-2267452 52-2267453 52-2267454 52-2267455 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road 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 February 17, 2005, a distribution was made to holders of First Union Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2000-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 2000-C2, relating to the February 17, 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. First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C2 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: February 17, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2000-C2, relating to the February 17, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-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: February 17, 2005 Record Date: January 31, 2005 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 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 Specially Serviced Loan Detail 19 - 22 Modified Loan Detail 23 Liquidated Loan Detail 24 Depositor First Union Commercial Mortgage Services Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288-1016 Contact: Tim Steward Phone Number: (704) 593-7822 Master Servicer Wachovia Bank, National Association 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, 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.

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 7,812,672.48 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 7,812,672.48 Principal: Scheduled Principal 703,559.70 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 703,559.70 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 8,516,232.18 Total Funds Distributed Fees: Master Servicing Fee 45,667.89 Trustee Fee 2,298.01 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 47,965.90 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 54,168.20 Special Servicing Fee 13,856.20 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 19,923.66 Total Additional Trust Fund Expenses 87,948.06 Interest Reserve Deposit 252,716.35 Payments to Certificateholders & Others: Interest Distribution 7,424,042.17 Principal Distribution 703,559.70 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 8,127,601.87 Total Funds Distributed 8,516,232.18

Principal Prepayment Detail No Principal Prepayments this Period

Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 265330888 831,429.40 06/30/2004 0.63 09/01/2000 08/01/2010 308 265330852 1,472,008.16 12/31/2001 1.29 08/01/2000 07/01/2010 304 265330833 (22,166.94) 12/31/2003 (0.06) 07/01/2000 06/01/2010 303 265330940 289,146.55 12/31/2003 1.60 10/01/2000 09/01/2010 306 265330875 160,342.04 12/31/2000 1.21 08/01/2000 07/01/2010 304 265330982 95,704.65 12/31/2003 0.82 11/01/2000 10/01/2010 307 (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 OF - Office MU - Mixed Use LO - Lodging SS - Self Storage OT - Other

Specially Serviced Loan Detail - Part 2 Offering Document Resolution Site Other REO Loan Cross Strategy Inspection Phase 1 Appraisal Appraisal Property Number Reference Code (1) Date Date Date Value Revenue 265330888 7 2 06/28/2000 48,000,000.00 265330852 24 7 10/19/2004 9,425,000.00 265330833 84 2 03/15/2000 5,050,000.00 265330940 116 13 08/01/2000 2,600,000.00 265330875 135 2 06/24/2004 1,575,000.00 265330982 142 7 10/18/2004 1,000,000.00

Loan Number Comments from Special Servicer 265330888 Loan in monetary default due to largest tenant (Oracle) vacating. A receiver has been appointed. Preparing to file NOD. 265330852 Paving Work is about 85% completed. Remaining sealcoating and stripping to be done at beginning of March approximately. A prospect lease for the vacant 40,000 SF still under negotiation with Ollie's, a retailer of closeout merchandise. Owner received no objection from TJX tenant for Ollie's. Current occupancy at 80.8%. 265330833 Legal counsel is proceeding with the foreclosure. The Special Servicer has rejected the borrower's workout proposal, which involved the remittance of partial cash flow. 265330940 The loan was transferred to Lennar for monitoring after the Borrower requested debt relief because the Property is having cash flow problems. The loan is current and the Borrower is paying on time. 265330875 We have terminated the debtor's right to use cash collateral. The lender's motion to dismiss the bankruptcy was denied. The confirmation hearing on the debtor's plan or reorganization has been set for 3/9/05. 265330982 The loan was transferred to Lennar due to monetary default after the Borrower failed to make the June 1st payment. The Property became REO on 02/01/2005. (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 Loan Modification Description Number 265330826 These modifications were based on rulings by the Bankruptcy courts due to the borrower filing BK, while this loan was at the Special Servicer. 265950311 10/10/01: Loan has been corrected and was returned to Master Servicer effective 9/28/01.

FIRST UNION COMM MORT TRUST COMM MOR PAS THR CER SER 2000-C2 8-K