8-K 1 bsc05p10_8k-200601.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 11, 2006 (Date of earliest event reported) Commission File No.: 333-108839-02 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-PWR10 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-6692318 54-6692319 Pending (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 January 11, 2006, a distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-PWR10. 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-PWR10, relating to the January 11, 2006 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. Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-PWR10 (Registrant) By: Wells Fargo Bank, N.A. as Certificate Administrator By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: January 11, 2006 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-PWR10, relating to the January 11, 2006 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-PWR10 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 11, 2006 Record Date: December 30, 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 - 16 Mortgage Loan Detail 17 - 23 Principal Prepayment Detail 24 Historical Detail 25 Delinquency Loan Detail 26 - 27 Specially Serviced Loan Detail 28 - 29 Modified Loan Detail 30 Liquidated Loan Detail 31 Bond / Collateral Realized Loss Reconciliation 32 Defeased Loan Detail 33 Depositor Bear Stearns Commercial Mortgage Securities II Inc. 383 Madison Avenue New York, NY 10179 Contact: Main Information Number Phone Number: (212) 272-2000 Master Servicer Prudential Asset Resources, Inc. 2200 Ross Avenue, Suite 4900E Dallas, TX 75201 Contact: Hal Collett Phone Number: (214) 721-6032 Master Servicer Wells Fargo Bank, N.A. 420 Montgomery Street investorreporting@wellsfargo.com San Francisco, CA 94104 Contact: Myung J. Nam Phone Number: Special Servicer ARCap Servicing, Inc. 5221 N. O'Connor Blvd., Ste. 600 Irving, TX 75039 Contact: Chris Crouch Phone Number: (972) 868-5300 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 2006, Wells Fargo Bank, N.A.

~~================================================================================ SECURITIES~~Certificate ~~AND~~Distribution ~~EXCHANGE~~Detail ~~COMMISSION Washington,~~Class ~~D.C.~~CUSIP ~~20549 FORM 8~~Pass-~~K CURRENT~~Through ~~REPORT Pursuant~~Original toBeginning ~~Section~~Principal 13Interest orRate ~~15(d)~~Balance ofBalance ~~the Securities~~Distribution ~~Exchange~~Distribution ~~Act~~A-1 of07387BDX8 ~~1934 Date~~5.085000% of118,500,000.00 ~~report (Date~~118,500,000.00 ~~of earliest event reported) December 20~~983,309.98 ~~2005 Bear Stearns Commercial Mortgage Securities II Inc~~502,143. ~~(Exact~~75 ~~Name of Registrant as Specified in Its Charter) Delaware 333~~A-~~108839 20-0121162 (State~~2 or07387BDY6 ~~Other~~5.270000% ~~Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No~~139,400,000.) 00 ~~383 Madison Avenue~~139,400,000.00 ~~New~~0.00 ~~York~~612,198.33 ~~NY 10179~~ A-~~------------------------------------------------------------------------------- (Address~~3 of07387BDZ3 ~~Principal~~5.395000% ~~Executive~~59,400,000.00 ~~Offices) (Zip~~59,400,000.00 ~~Code) Registrant's~~0.00 ~~telephone number~~267,052.50 ~~including area code (212) 272~~A-~~2000 -------------- (Former~~AB ~~Name~~07387BEA7 or5.382000% ~~Former~~171,000,000.00 ~~Address~~171,000,000.00 if0.00 ~~Changed~~766,935.00 ~~Since Last Report)~~ A-~~------------------------------------------------------------------------------- Check~~4 ~~the~~07387BEB5 ~~appropriate~~5.405000% ~~box~~1,049,504,000.00 ~~below~~1,049,504,000.00 if0.00 ~~the~~4,727,140.93 ~~Form 8~~A-K1A ~~filing~~07387BEC3 is5.399000% ~~intended~~305,771,000.00 ~~to simultaneously~~305,771,000.00 ~~satisfy~~128,512.83 ~~the filing obligation of the registrant under any following provisions: [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230~~1,375,714.~~425) [ ] Soliciting~~69 ~~material pursuant to Rule 14a~~A-12M ~~under~~07387BED1 ~~the~~5.449000% ~~Exchange~~263,368,000.00 ~~Act (17~~263,368,000.00 ~~CFR~~0.00 ~~240~~1,195,910.~~14a-12) [ ] Pre-commencement~~19 ~~communications pursuant to Rule 14d~~A-~~2(b)~~J ~~under~~07387BEE9 ~~the Exchange~~5.457262% ~~Act~~210,695,000.00 ~~(17~~210,695,000.00 ~~CFR~~0.00 ~~240~~958,181.~~14d-2(b)) [ ] Pre-commencement~~55 ~~communications~~B ~~pursuant~~07387BEF6 to5.473262% ~~Rule~~19,752,000.00 ~~13e-4(c)~~19,752,000.00 ~~under~~0.00 ~~the Exchange Act (17 CFR 240~~90,089.~~13e-4(c)) Section~~90 ~~8 Other~~C ~~Events --------- ------------ Item~~07387BEG4 85.~~01. Other~~473262% ~~Events ---------- ------------ On December 20~~29,629,000.00 ~~2005~~29,629,000.00 a0.00 ~~single series of certificates~~135,139.40 ~~entitled~~D ~~Bear Stearns~~07387BEH2 ~~Commercial~~5.473262% ~~Mortgage~~23,045,000.00 ~~Securities~~23,045,000.00 ~~II Inc~~0.,00 ~~Commercial Mortgage Pass-Through Certificates~~105,109.44 ~~Series~~E ~~2005-PWR10~~07387BEJ8 ~~(the~~5.473262% ~~"Certificates")~~16,460,000.00 ~~was~~16,460,000.00 ~~issued~~0.00 ~~pursuant~~75,074.91 toF ~~a pooling~~07387BEK5 ~~and~~5.473262% ~~servicing~~26,337,000.00 ~~agreement~~26,337,000.00 in0.00 ~~the~~120,124.42 ~~form~~G ~~attached~~07387BEN9 ~~hereto~~5.473262% as26,337,000.00 ~~Exhibit~~26,337,000.00 40.100 ~~(the "Pooling and Servicing Agreement")~~120,124.42 ~~entered~~H ~~into~~07387BEP4 by5.473262% ~~and among Bear Stearns Commercial Mortgage Securities II Inc~~29,629,000.00 ~~(the "Registrant")~~29,629,000.00 ~~Prudential~~0.00 ~~Asset Resources~~135, ~~Inc~~139.40 asJ a07387BEQ2 ~~Master~~5.473262% ~~Servicer~~26,337,000.00 ~~Wells Fargo Bank~~26,337,000.00 ~~National~~0.00 ~~Association as a Master Servicer~~120,124.42 asK ~~Certificate~~07387BER0 ~~Administrator~~5.473262% ~~and as Tax Administrator~~36, ~~ARCap Servicing~~213, ~~Inc~~000.00 ~~as Special Servicer~~36,213,000.00 ~~LaSalle Bank National Association as Trustee and ABN AMRO Bank N~~0.V.00 165,169.37 asL ~~Fiscal~~07387BES8 ~~Agent~~5.007000% ~~Certain classes of the Certificates (the "Underwritten Certificates") were registered under the Registrant's registration statement on Form S-~~3 ~~(no~~,292,000.00 ~~333-108839) and sold to Bear~~3, ~~Stearns & Co~~292,000.00 ~~Inc~~0.00 13,735.87 ~~("BSCI")~~M ~~and~~07387BET6 ~~Morgan Stanley & Co~~5.007000% ~~Incorporated ("MSCI"~~9, ~~and together with BSCI~~876, ~~the "Underwriters") pursuant to an underwriting agreement (the "Underwriting Agreement") entered into by and between the Registrant and the Underwriters~~000. ~~Section~~00 9 ~~Financial~~,876,000.00 ~~Statements~~0.00 ~~and Exhibits --------- --------------------------------- Item 9~~41,207.~~01. Financial~~61 ~~Statements~~N ~~and~~07387BEU3 ~~Exhibits~~5. ~~---------- --------------------------------- (a)~~007000% ~~Financial~~13,168,000.00 ~~statements of businesses acquired: -------------------------------------------- Not applicable~~13,168,000. ~~(b)~~00 ~~Pro forma financial information: -------------------------------- Not applicable~~0. ~~(c)~~00 ~~Exhibits: --------- Exhibit No~~54,943. ~~Description 4.1 Pooling~~48 ~~and~~O ~~Servicing~~07387BEV1 ~~Agreement among Bear Stearns Commercial Mortgage Securities II Inc~~5.007000% ~~as Depositor~~6, ~~Prudential Asset Resources~~585, ~~Inc~~000.00 ~~as a Master Servicer~~6, ~~Wells Fargo Bank~~585,000.00 ~~National Association~~0.00 ~~as a Master Servicer~~27,475.91 asP ~~Certificate~~07387BEW9 ~~Administrator and~~5.007000% ~~as Tax Administrator~~6, ~~ARCap Servicing~~584, ~~Inc~~000.00 ~~as Special Servicer~~6, ~~LaSalle Bank National Association as Trustee and ABN AMRO Bank N.V.~~584,000.00 ~~as Fiscal Agent~~0. ~~SIGNATURES Pursuant~~00 ~~to the requirements of the Securities Exchange Act of 1934~~27, ~~the~~471.74 ~~Registrant~~Q ~~has~~07387BEX7 ~~duly~~5.007000% ~~caused this report to be signed on its behalf by the undersigned~~9, ~~thereunto duly authorized~~876,000. 00 ~~Date: January 4~~9,876,000.00 ~~2006 BEAR~~0.00 ~~STEARNS COMMERCIAL MORTGAGE SECURITIES INC~~41,207. ~~By:~~61 ~~/s/~~S ~~Richard~~07387BEY5 A5.007000% ~~Ruffer~~32,921,672.00 Jr32,921,672. ~~-------------------------- Name: Richard~~00 A0.00 ~~Ruffer~~137, Jr365. ~~Title:~~68 ~~Vice~~R ~~President EXHIBIT~~N/A ~~INDEX The~~0.000000% ~~following~~0.00 ~~exhibits~~0.00 ~~are~~0.00 ~~filed~~0.00 ~~herewith: Exhibit~~LR NoN/A 0. ~~----------- 4~~000000% 0.~~1 Pooling~~00 ~~and~~0.00 ~~Servicing~~0.00 ~~Agreement~~0.00 ~~among~~MR ~~Bear~~N/A ~~Stearns~~0.000000% ~~Commercial Mortgage~~0.00 ~~Securities~~0.00 II0.00 ~~Inc~~0.00 asV ~~Depositor,~~N/A ~~Prudential~~0.000000% ~~Asset Resources,~~0.00 ~~Inc~~0.00 as0.00 a0.00 ~~Master~~Totals ~~Servicer~~2, ~~Wells Fargo Bank~~633, ~~National Association as a Master Servicer~~679,672.00 ~~as Certificate Administrator and as Tax Administrator~~2, ~~ARCap Servicing~~633, ~~Inc~~679,672.00 ~~as Special Servicer~~1, ~~LaSalle Bank National Association as Trustee and ABN AMRO Bank N.V.~~111,822.81 ~~as Fiscal Agent~~11,814,780. 52

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 12,447,397.38 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 12,447,397.38 Principal: Scheduled Principal 1,111,822.81 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 1,111,822.81 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 13,559,220.19 Total Funds Distributed Fees: Master Servicing Fee 83,525.96 Trustee Fee 1,128.94 Certificate Administration Fee 1,016.04 Insurer Fee 0.00 Servicer Report Administrator Fee 1,128.94 Total Fees 86,799.88 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 343,146.05 Payments to Certificateholders & Others: Interest Distribution 12,012,349.44 Principal Distribution 1,111,822.81 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 13,124,172.25 Total Funds Distributed 13,554,118.18

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 this period Bond/Collateral Realized Loss Reconciliation No Realized Losses this Period Defeased Loan Detail No Defeased Loans

Filing Compare · BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES TRUST 2005-PWR10