8-K 1 bac05001_10505.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: May 10, 2005 (Date of earliest event reported) Commission File No.: 333-121643-01 Banc of America Commercial Mortgage Inc. Commercial Mortgage Pass-Through Certificates Series 2005-1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2173105 54-2173106 54-2173107 54-6658785 (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 May 10, 2005, a distribution was made to holders of Banc of America Commercial Mortgage Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-1. 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 2005-1, relating to the May 10, 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. Banc of America Commercial Mortgage Inc. Commercial Mortgage Pass-Through Certificates Series 2005-1 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: May 10, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-1, relating to the May 10, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Banc of America Commercial Mortgage Inc. Commercial Mortgage Pass-Through Certificates Series 2005-1 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: May 10, 2005 Record Date: April 29, 2005 DISTRIBUTION DATE STATEMENT Table of Contents STATEMENT SECTIONS PAGE(s) Certificate Distribution Detail 2 - 3 Certificate Factor Detail 4 - 5 Reconciliation Detail 6 - 7 Other Required Information 8 Cash Reconciliation 9 Ratings Detail 10 - 11 Current Mortgage Loan and Property Stratification Tables 12 - 20 Mortgage Loan Detail 21 - 25 Principal Prepayment Detail 26 Historical Detail 27 Delinquency Loan Detail 28 - 30 Specially Serviced Loan Detail 31 - 32 Modified Loan Detail 33 Liquidated Loan Detail 34 Bond / Collateral Realized Loss Reconciliation 35 Depositor Banc of America Commercial Mortgage Inc. 214 North Tryon Street Charlotte, NC 28255 Contact: Stephen Hogue Phone Number: (704) 386-1094 Master Servicer Bank of America, N.A. 900 West Trade Street Suite 650 Charlotte, NC 28255 Contact: Cynthia Downs Phone Number: (704) 317-0712 Special Servicer J.E. Robert Company, Inc. 1650 Tysons Blvd Suite 1600 McLean, VA 22102 Contact: Keith Belcher Phone Number: (703) 714-8101 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.

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 10,141,800.59 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 10,141,800.59 Principal: Scheduled Principal 1,180,098.62 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 1,180,098.62 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 11,321,899.21 Total Funds Distributed Fees: Master Servicing Fee 122,514.30 Trustee Fee 1,999.21 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 124,513.50 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 0.00 Payments to Certificateholders & Others: Interest Distribution 10,017,287.70 Principal Distribution 1,180,098.58 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 11,197,386.28 Total Funds Distributed 11,321,899.78

Principal Prepayment Detail No Principal Prepayments 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 Bond/Collateral Realized Loss Reconciliation No Realized Losses this Period

Filing Compare · Banc of America Commercial Mortgage Inc., Series 2005-1