8-K 1 msc03iq4_oct.txt OCTOBER 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 : October 15, 2003 (Date of earliest event reported) Commission File No.: 333-104283-01 Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2116922 54-2116923 54-2116924 54-2116925 54-2116926 54-2116927 54-6553619 (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 October 15, 2003 a distribution was made to holders of Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 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-IQ4 relating to the October 15, 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 Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 By: Wells Fargo Bank Minnesota, N.A., as Paying Agent By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: October 15, 2003 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates Series 2003-IQ4, relating to the October 15, 2003 distribution. EX-99.1 Wells Fargo Bank MN, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Morgan Stanley Capital I Inc., Commercial Mortgage Pass-Through Certificates, Series 2003-IQ4 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: 10/15/2003 Record Date: 09/30/2003 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 - 14 Principal Prepayment Detail 15 Historical Detail 16 Delinquency Loan Detail 17 - 19 Specially Serviced Loan Detail 20 - 21 Modified Loan Detail 22 Liquidated Loan Detail 23 Depositor Morgan Stanley Capital I Inc. 1585 Broadway New York, NY 10036 Contact: General Information Number Phone Number: (212) 761-4700 Master Servicer GMAC Commercial Mortgage Corporation 200 Witmer Road Horsham, PA 19044-8015 Contact: Darri Cunningham Phone Number: (215) 328-1784 Special Servicer Midland Loan Services, Inc. 10851 Mastin Street, Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 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.

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) 991087691 2 0 09/01/2003 0.00 0.00 B 991087692 5 0 09/01/2003 0.00 0.00 B 991087714 10 0 09/05/2003 0.00 0.00 B 991087666 11 0 09/01/2003 0.00 0.00 A 991087666 12 0 09/01/2003 0.00 0.00 A 991087666 13 0 09/01/2003 0.00 0.00 A 991087666 14 0 09/01/2003 0.00 0.00 A 991087666 15 0 09/01/2003 0.00 0.00 A 991087666 16 0 09/01/2003 0.00 0.00 A 991087715 19 0 09/05/2003 0.00 0.00 B 991087716 22 0 09/01/2003 0.00 0.00 B 991087717 31 0 09/05/2003 0.00 0.00 B 991087718 36 0 09/01/2003 0.00 0.00 B 991087682 46 0 09/01/2003 0.00 0.00 A 991087721 48 0 09/05/2003 0.00 0.00 B 991087740 49 0 09/01/2003 0.00 0.00 B 991087740 50 0 09/01/2003 0.00 0.00 B 991087740 51 0 09/01/2003 0.00 0.00 B 991087743 52 0 09/01/2003 0.00 0.00 B 991087743 53 0 09/01/2003 0.00 0.00 B 991087722 55 0 09/01/2003 0.00 0.00 B 991087723 56 0 09/01/2003 0.00 0.00 B 991087724 62 0 09/05/2003 0.00 0.00 B 991087745 63 0 09/01/2003 0.00 0.00 B 991087725 64 0 09/05/2003 0.00 0.00 B 991087746 68 0 09/01/2003 0.00 0.00 B 991087726 70 0 09/05/2003 0.00 0.00 B 991087747 71 0 09/01/2003 0.00 0.00 B 991087748 74 0 09/01/2003 0.00 0.00 B 991087727 75 0 09/05/2003 0.00 0.00 B 991087728 76 0 09/05/2003 0.00 0.00 B 991087729 77 0 09/01/2003 0.00 0.00 B 991087749 80 0 09/01/2003 0.00 0.00 B 991087730 81 0 09/01/2003 0.00 0.00 B 991087750 83 0 09/01/2003 0.00 0.00 B 991087751 84 0 09/01/2003 0.00 0.00 B 991087752 85 0 09/01/2003 0.00 0.00 B 991087753 86 0 09/01/2003 0.00 0.00 B 991087731 87 0 09/05/2003 0.00 0.00 B 991087754 88 0 09/01/2003 0.00 0.00 B 991087755 89 0 09/01/2003 0.00 0.00 B 991087732 90 0 09/01/2003 0.00 0.00 B 991087756 91 0 09/01/2003 0.00 0.00 B 991087757 92 0 09/01/2003 0.00 0.00 B 991087758 94 0 09/01/2003 0.00 0.00 B 991087758 95 0 09/01/2003 0.00 0.00 B 991087760 96 0 09/01/2003 0.00 0.00 B 991087761 97 0 09/01/2003 0.00 0.00 B 991087762 98 0 09/01/2003 0.00 0.00 B 991087763 99 0 09/01/2003 0.00 0.00 B 991087764 100 0 09/01/2003 0.00 0.00 B 991087765 101 0 09/01/2003 0.00 0.00 B 991087766 102 0 09/01/2003 0.00 0.00 B 991087767 103 0 09/01/2003 0.00 0.00 A 991087768 104 0 09/01/2003 0.00 0.00 B 991087733 106 0 09/05/2003 0.00 0.00 B 991087769 107 0 09/01/2003 0.00 0.00 B 991087770 108 0 09/01/2003 0.00 0.00 B 991087771 109 0 09/01/2003 0.00 0.00 B 991087772 110 0 09/01/2003 0.00 0.00 B 991087774 112 0 09/01/2003 0.00 0.00 B 991087775 113 0 09/01/2003 0.00 0.00 B 991087776 114 0 09/01/2003 0.00 0.00 B 991087777 115 0 09/01/2003 0.00 0.00 A 991087778 116 0 09/01/2003 0.00 0.00 B 991087779 117 0 09/01/2003 0.00 0.00 B 991087780 118 0 09/01/2003 0.00 0.00 B 991087781 119 0 09/01/2003 0.00 0.00 B Totals 68 0.00 0.00

Resolution Actual Outstanding Loan Number Strategy Servicing Foreclosure Principal Servicing Bankruptcy REO Code (2) Transfer Date Date Balance Advances 991087691 67,500,000.00 0.00 991087692 24,700,513.00 0.00 991087714 12,318,303.42 0.00 991087666 3,826,761.09 0.00 991087666 2,294,307.99 0.00 991087666 2,220,563.11 0.00 991087666 1,480,223.59 0.00 991087666 1,184,300.40 0.00 991087666 1,110,281.05 0.00 991087715 11,150,000.00 0.00 991087716 10,427,991.46 0.00 991087717 7,491,506.49 0.00 991087718 5,175,539.18 0.00 991087682 4,084,365.80 0.00 991087721 3,861,222.60 0.00 991087740 2,007,428.24 0.00 991087740 337,215.54 0.00 991087740 273,545.50 0.00 991087743 683,868.09 0.00 991087743 455,529.12 0.00 991087722 3,704,396.60 0.00 991087723 3,556,220.70 0.00 991087724 3,450,000.00 0.00 991087745 3,382,781.94 0.00 991087725 3,360,000.00 0.00 991087746 3,250,703.16 0.00 991087726 3,050,000.00 0.00 991087747 2,992,395.79 0.00 991087748 2,850,070.85 0.00 991087727 2,850,000.00 0.00 991087728 2,850,000.00 0.00 991087729 2,784,414.63 0.00 991087749 2,442,409.09 0.00 991087730 2,381,222.80 0.00 991087750 2,217,326.31 0.00 991087751 2,081,239.52 0.00 991087752 2,067,309.14 0.00 991087753 2,028,412.28 0.00 991087731 2,050,000.00 0.00 991087754 1,992,851.33 0.00 991087755 1,924,712.71 0.00 991087732 1,945,092.75 0.00 991087756 1,950,275.68 0.00 991087757 1,913,943.52 0.00 991087758 1,317,119.85 0.00 991087758 396,637.48 0.00 991087760 1,667,650.33 0.00 991087761 1,666,495.76 0.00 991087762 1,576,445.21 0.00 991087763 1,540,504.62 0.00 991087764 1,523,791.24 0.00 991087765 1,481,273.14 0.00 991087766 1,473,281.75 0.00 991087767 1,463,726.49 0.00 991087768 1,395,059.33 0.00 991087733 1,380,664.16 0.00 991087769 1,272,909.34 0.00 991087770 1,149,631.50 0.00 991087771 1,047,551.77 0.00 991087772 1,027,334.12 0.00 991087774 1,030,019.32 0.00 991087775 1,022,709.85 0.00 991087776 979,539.82 0.00 991087777 972,576.81 0.00 991087778 884,784.57 0.00 991087779 837,302.32 0.00 991087780 788,356.83 0.00 991087781 679,397.37 0.00 Totals 254,234,007.45 0.00

Totals by Delinquency Code: Current Outstanding Actual Outstanding P&I P & I Principal Servicing Advances Advances Balance Advances Total for Status Code = A (9 Loans) 0.00 0.00 18,637,106.33 0.00 Total for Status Code = B (59 Loans) 0.00 0.00 235,596,901.12 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

MORGAN STANLEY CAPITAL I TRUST 2003-IQ4 8-K