8-K 1 mdc03hq2.txt APRIL 8-K 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 : April 14, 2003 (Date of earliest event reported) Commission File No.: 333-83986-17 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2 (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 Road 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 April 14, 2003 a distribution was made to holders of Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates, Series 2003-HQ2. 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 2003-HQ2 relating to the April 14, 2003 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. Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: April 14, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-HQ2, relating to the April 14, 2003 distribution. Wells Fargo Bank Minnesota, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045 Morgan Stanley Dean Witter Capital I Inc. Commercial Mortgage Pass-Through Certificates Series 2003-HQ2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 04/14/2003 Record Date: 03/31/2003 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 - 12 Principal Prepayment Detail 13 Historical Detail 14 Delinquency Loan Detail 15 Specially Serviced Loan Detail 16 - 17 Modified Loan Detail 18 Liquidated Loan Detail 19 Depositor Morgan Stanley Dean Witter Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number : (212) 761-4700 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 Wells Fargo Bank, National Association 45 Fremont Street, 2nd Floor San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: (415) 222-2364 This report has been compiled from information provided to Wells Fargo Bank MN, N.A. by various third parties, which may include the 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 2003, Wells Fargo Bank Minnesota, N.A.

~~Exhibit~~Certificate ~~No.~~Distribution ofDetail ~~Item~~Class ~~601~~CUSIP ofPass-Through ~~Exhibit~~Original ~~No.~~Beginning ~~Regulation~~Principal ~~S-K~~Rate ~~Description~~Balance ~~-----------~~Balance ~~---------------~~Distribution A-~~----------~~1 61746WD31 4.1180000% 248,633,000.00 248,633,000.00 562,224.04 A-2 61746WD49 4.920000% ~~Pooling~~522,232,000.00 ~~and~~522,232,000.00 ~~Servicing~~0.00 ~~Agreement~~B ~~dated~~61746WD56 as5.040000% of39,591,000.00 ~~March~~39,591,000.00 10.00 C 61746WD64 5.150000% 41,920,000.00 ~~2003~~41,920,000.00 ~~among~~0.00 ~~Morgan~~D ~~Stanley~~61746WD72 ~~Dean~~5.240000% ~~Witter~~9,316,000.00 ~~Capital~~9,316,000.00 I0.00 ~~Inc~~E 61746WE22 5.680000% as9,315,000.00 ~~depositor~~9,315,000.00 ~~Wells~~0.00 ~~Fargo~~F ~~Bank~~61746WE30 6.007819% 10,480,000.00 ~~National~~10,480,000.00 ~~Association~~0.00 asG ~~master~~61746WE48 ~~servicer~~6.497819% ~~and~~8,151,000.00 as8,151,000.00 ~~special~~0.00 ~~servicer~~H 61746WE55 6.030000% 13,974,000.00 ~~LaSalle~~13,974,000.00 ~~Bank~~0.00 ~~National~~J ~~Association~~61746WE63 6.030000% 5,822,000.00 as5,822,000.00 ~~trustee~~0.00 K 61746WE71 6.030000% 2,329,000.00 ~~ABN~~2,329,000.00 ~~AMRO~~0.00 ~~Bank~~L N61746WE89 6.V030000% 2,329,000.00 2,329,000.00 as0.00 ~~fiscal~~M ~~agent~~61746WE97 6.030000% 4,658,000.00 ~~and~~4,658,000.00 ~~Wells~~0.00 ~~Fargo~~N ~~Bank~~61746WF21 ~~Minnesota~~6.030000% 2,329,000.00 ~~National~~2,329,000.00 ~~Association~~0.00 O 61746WF39 6.030000% 10,480,154.96 as10,480,154.96 ~~paying~~0.00 ~~agent~~R-I ~~and~~N/A ~~certificate~~0.000000% ~~registrar~~0.00 0.00 0.00 R-II N/A 0.000000% 0.00 0.00 0.00 R-III N/A 0.000000% 0.00 0.00 0.00 Totals 931,559,154.96 931,559,154.96 562,224.04

Expense Losses (Additional Trust Fund Expenses) 0.00 (i) Special Servicing and Liquidation Fees 0.00 (ii) Advance Interest 0.00 (iii) Indemnification Expenses 0.00 (iv) Taxes Imposed on the Trust 0.00 (v) Amount of any Advance not Recovered 0.00 upon a Final Recovery Determination

NR - Designates that the class was not rated by the above agency at the time of original issuance. X - Designates that the above rating agency did not rate any classes in this transaction at the time of original issuance. N/A - Data not available this period. 1) For any class not rated at the time of original issuance by any particular rating agency, no request has been made subsequent to issuance to obtain rating information, if any, from such rating agency. The current ratings were obtained directly from the applicable rating agency within 30 days of the payment date listed above. The ratings may have changed since they were obtained. Because the ratings may have changed, you may want to obtain current ratings directly from the rating agencies. Fitch, Inc. One State Street Plaza New York, New York 10004 (212) 908-0500 Moody's Investors Service 99 Church Street New York, New York 10007 (212) 553-0300 Standard & Poor's Rating Services 55 Water Street New York, New York 10041 (212) 438-2430

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-Reference Delinq. Date Advances Advances** Loan (1) 700201083 5A 0 03/01/2003 386,230.35 386,230.35 B 600872125 6 18 0 03/01/2003 324,603.30 324,603.30 B 600872126 46 0 03/01/2003 59,160.65 59,160.65 B 600872127 49 0 03/01/2003 54,723.01 54,723.01 B 600872128 50 0 03/01/2003 52,158.25 52,158.25 B 600872129 51 0 03/01/2003 44,796.76 44,796.76 B 600872131 71 0 03/01/2003 22,806.67 22,806.67 B Totals 7 944,478.99 944,478.99

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 700201083 42,489,617.28 0.00 600872125 46,985,766.45 0.00 600872126 9,986,778.67 0.00 600872127 9,138,023.12 0.00 600872128 8,369,405.46 0.00 600872129 7,689,630.97 0.00 600872131 3,489,723.43 0.00 Totals 128,148,945.38 0.00

Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances ~~Total for Status Code = B (7 loans) 944,478.99 944,478.99 128,148,945.38 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. 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

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