8-K 1 gmc02c1.txt MARCH 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 : March 15, 2002 (Date of earliest event reported) Commission File No.: 333-60030 GMAC Commercial Mortgage Securities, Inc., Mortgage Pass-Through Certificates Series 2002-C1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 22-3844559 22-3844560 22-3844561 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 11000 Broken Land Parkway Columbia, Maryland 21044 (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 March 15, 2002 distribution was made to holders of GMAC Commercial Mortgage Securities Inc., Mortgage Pass-Through Certificates, Series 2002-C1 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 GMAC Commercial Mortgage Securities Inc., Series 2002-C1, relating to the March 15, 2002 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. GMAC Commercial Mortgage Securities Inc., Mortgage Pass-Through Certificates Series 2002-C1 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: March 15, 2002 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of GMAC Commercial Mortgage Securities Inc., Series 2002-C1, relating to the March 15, 2002 distribution. EX-99.1 Wells Fargo Bank MN, N.A. Corporate Trust Services GMAC Commercial Mortgage Securities Inc., 11000 Broken Land Parkway Mortgage Pass-Through Certificates Columbia, MD 21044 Series 2002-C1 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 03/15/2002 Record Date: 02/28/2002 DISTRIBUTION DATE STATEMENT Table of Contents Certificate Distribution Detail 2 Certificate Factor Detail 3 Reconciliation Detail 4 Other Required Information 5 Ratings Detail 6 Current Mortgage Loan and Property Stratification Tables 7 - 9 Mortgage Loan Detail 10 - 13 Principal Prepayment Detail 14 Historical Detail 15 Delinquency Loan Detail 16 Specially Serviced Loan Detail 17 - 18 Modified Loan Detail 19 Liquidated Loan Detail 20 This report has been compiled from information provided to Wells Fargo MN, N.A. various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo 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 MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Issuer GMAC Commercial Mortgage Securities, Inc. 200 Witmer Road Horsham, PA 19044 Contact: Karen Repeckyj Phone Number: (215) 328-1259 Depositor GMAC Commercial Mortgage Securities, Inc. 200 Witmer Rd. Horsham, PA 10944 Contact: Karen Repeckyj Phone Number: (215) 328-1259 Special Servicer GMAC Commercial Mortgage Corporation 200 Whitmer Road Horsham, PA 19044-8015 Contact: Darri Cunningham Phone Number:(215) 328-1784 Copyright 1997, Wells Fargo Bank Minnesota, N.A.

Appraisal Appraisal Res Mod Reduction Reduction Strat. Code Date Amount (2) (3) Totals 0.00 (1) Property Type Code SS- Self Storage MF- Multi-Family RT- Retail HC- Health Care IN- Industrial WH- Warehouse MH- Mobile Home Park OF- Office LO- Lodging MU- Mixed Use OT- Other (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 Server 10- Deed In Lieu of Foreclosure 11- Full Payoff 12- Reps and Warranties 13- Other or TBD (3) Modification Code 1- Maturity Date Extension 2- Amortization Change 3- Principal Write-Off 4- Combination

Principal Prepayment Detail No Principal Prepayments this Period

Totals By Deliquency Code: Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances ~~Totals for Status Code = A ( 11 Loans) 445,099.89 445,099.89 64,471,538.54 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 Server 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

MASTR ASSET SECURITIZATION TRUST 2002-1 8-K