8-K 1 bsc01tp4.txt JULY 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 : July 15, 2002 (Date of earliest event reported) Commission File No.: 333-87381-02 Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2001-TOP4 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) Pending (I.R.S. Employer Identification No.) c/o Wells Fargo Bank Minnesota, N.A. 9062 Old Annapolis Rd Columbia, Maryland 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) ITEM 5. Other Events On July 15, 2002 distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2001-TOP4. 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 Commercial Mortgage Pass-Through Certificates, Series 2001-TOP4, relating to the July 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. Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates Series 2001-TOP4 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: July 15, 2002 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-TOP4, relating to the July 15, 2002 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services Bear Stearns Commercial Mortgage Securities Inc., 9062 Old Annapolis Road Commercial Mortgage Pass-Through Certificates Columbia, MD 21045-1951 Series 2001-TOP4 For Additional Information, please contact CTSlink Customer Service 301-815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date:07/15/2002 Record Date: 06/28/2002 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 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 - 18 Specially Serviced Loan Detail 19 - 20 Modified Loan Detail 21 Liquidated Loan Detail 22 Depositor Bear, Stearns & Co., Inc. 245 Park Avenue New York, NY 10019 Contact: General Information Number Phone Number: (212) 272-2000 Master Servicer Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 Special Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 10944-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank 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 Bank MN, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 1997, Wells Fargo Bank Minnesota, N.A.

Loan Appraisal Appraisal Res Mod Number Reduction Reduction Strat. Code Date Amount (2) (3) 850200587 9 Totals 0.00 (1) 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 (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 Servicer 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

Delinquency Loan Detail Offering # of Current Outstanding Status of Loan Number Document Months Paid Through P & I P & I Mortgage Cross Delinq. Date Advances Advances** Loan(1) Reference 600871558 25 0 06/01/2002 87,621.94 87,621.94 B 600871559 41 0 06/01/2002 62,862.59 62,862.59 B 920900414 48 0 06/01/2002 52,851.40 52,851.40 A 850200584 53 0 06/01/2002 46,211.05 46,211.05 A 700200529 54 0 06/10/2002 55,733.47 55,733.47 A 600871543 87 0 06/01/2002 16,141.51 16,141.51 B 700200512 89 0 06/10/2002 17,153.52 17,153.52 A 700200513 90 0 06/10/2002 15,652.39 15,652.39 A 700200514 91 0 06/10/2002 14,419.17 14,419.17 A 700200511 92 0 06/10/2002 9,270.34 9,270.34 A 700200491 122 0 06/10/2002 15,713.31 15,713.31 A 700200488 123 0 06/10/2002 16,625.95 16,625.95 A 850200585 125 0 06/01/2002 17,105.66 17,105.66 B 920900287 126 0 06/01/2002 16,445.11 16,445.11 B 700200500 127 0 06/10/2002 18,086.48 18,086.48 A 700200501 128 0 06/10/2002 14,940.37 14,940.37 A 700200506 130 0 06/10/2002 9,263.99 9,263.99 A 700200504 131 0 06/10/2002 8,631.27 8,631.27 A 700200505 132 0 06/10/2002 8,482.47 8,482.47 A 700200503 133 0 06/10/2002 7,848.07 7,848.07 A 310900406 140 0 06/01/2002 12,661.49 12,661.49 B 700200492 141 0 06/10/2002 14,047.56 14,047.56 A 700200495 142 0 06/10/2002 12,174.75 12,174.75 A 700200510 156 0 06/10/2002 12,176.32 12,176.32 A 700200507 157 0 06/10/2002 6,165.31 6,165.31 A 920900288 158 0 06/01/2002 8,892.75 8,892.75 B 920900443 165 0 06/01/2002 6,649.25 6,649.25 B 920900444 166 0 06/01/2002 6,232.73 6,232.73 B 920900445 167 0 06/01/2002 6,177.79 6,177.79 B Totals 29 596,238.01 596,238.01

Delinquency Loan Detail Actual Outstanding Loan Number Resolution Servicing Foreclosure Principal Servicing Bankruptcy REO Strategy Transfer Date Date Balance Advances** Date Date Loan (1) 600871558 12,395,550.27 0.00 600871559 8,941,471.39 0.00 920900414 7,447,586.41 0.00 850200584 6,951,141.13 0.00 700200529 6,742,563.97 0.00 600871543 2,280,492.39 0.00 700200512 1,238,922.50 0.00 700200513 1,164,885.46 0.00 700200514 1,062,093.46 0.00 700200511 689,805.35 0.00 700200491 1,116,764.08 0.00 700200488 1,062,446.39 0.00 850200585 2,282,611.03 0.00 920900287 2,254,644.58 0.00 700200500 1,075,886.40 0.00 700200501 1,027,974.08 0.00 700200506 527,396.25 0.00 700200504 493,837.70 0.00 700200505 483,733.36 0.00 700200503 448,049.62 0.00 310900406 1,724,666.66 0.00 700200492 819,241.73 0.00 700200495 718,163.88 0.00 700200510 774,685.34 0.00 700200507 412,181.80 0.00 920900288 1,226,210.17 0.00 920900443 903,540.23 0.00 920900444 839,547.76 0.00 920900445 824,919.95 0.00 Totals 67,931,013.34 0.00

Current Outstanding Actual Outstanding P & I P & I Principal Servicing Advances Advances Balance Advances Totals by Deliquency Code: Total for Status Code = A (19 loans) 355,447.19 355,447.19 34,257,358.91 0.00 Total for Status Code = B (10 loans) 240,790.82 240,790.82 33,673,654.43 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 Servicer 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.

Loan Number Comments from Special Servicer 850200587 This loan had a mechanics lien against the property at the time of origination and Bear Stearns obtained a title endorsement insuring around the lien. The lien holder subsequently filed for foreclosure, which triggered a Special Servicing transfer event. The special servicer has retained John Weiss of Katten Muchin to protect the lenders interest, and he has notified the title company of their obligation to defend the action. The lien amount is approximately $306M and was filed by a contractor of the pr ior owner in regards to TI work. The title company has an indemnificaton from the prior owner of the property and has hired counsel to defend the lien.

(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 No Modified Loans Liquidated Loan Detail No Liquidated Loans this Period

BEAR STEARNS COMMERCIAL MORTGAGE SECURITIES TRUST 2001-TOP4 8-K