8-K 1 fba01c1.txt JANUARY 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 : January 16, 2004 (Date of earliest event reported) Commission File No.: 333-53266-01 First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates, Series 2001-C1 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-2289281 52-2289282 52-7137420 (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 January 16, 2004 a distribution was made to holders of First Union Commercial Mortgage Securities, Inc., Commercial Mortgage Pass-Through Certificates, Series 2001-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 Commercial Mortgage Pass-Through Certificates, Series 2001-C1, relating to the January 16, 2004 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. First Union Commercial Mortgage Securities, Inc. Commercial Mortgage Pass-Through Certificates, Series 2001-C1 By: Wells Fargo Bank Minnesota, N.A., as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: January 19, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C1, relating to the January 16, 2004 distribution. EX-99.1 Wells Fargo Bank MN, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union National Bank - Bank of America, N.A Commercial Mortgage Pass-Through Certificates Series 2001-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: 01/16/2004 Record Date: 12/31/2003 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 - 16 Principal Prepayment Detail 17 Historical Detail 18 Delinquency Loan Detail 19 Specially Serviced Loan Detail 20 - 22 Modified Loan Detail 23 Liquidated Loan Detail 24 Underwriter First Union Securities, Inc 201 South College Street Charlotte, NC 28288 Contact: William J. Cohane Phone Number (704) 383-4984 Underwriter Banc of America Securities LLC 100 North Tryon Street Charlotte, NC 28255 Contact: David Gertner Phone Number (704) 388-3621 Master Servicer First Union National Bank Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288 Contact: Timothy S. Ryan Phone Number (704) 593-7878 Special Servicer First Union National Bank Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288 Contact: Timothy S. Ryan Phone Number (704) 593-7878 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 2003, Wells Fargo Bank Minnesota, N.A.

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 8,802,168.16 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 8,802,168.16 Principal: Scheduled Principal 880,234.54 Unscheduled Principal 5,055,622.16 Principal Prepayments 5,055,622.16 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 5,935,856.70 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 14,738,024.86 Total Funds Distributed Fees: Master Servicing Fee 86,472.49 Trustee Fee 2,345.73 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 88,818.22 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount (168,816.09) Special Servicing Fee 11,558.89 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 (157,257.20) Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 8,646,473.80 Principal Distribution 5,935,856.70 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 224,133.33 Total Payments to Certificateholders & Others 14,806,463.83 Total Funds Distributed 14,738,024.85

Modified Loan Detail No Modified Loans Liquidated Loan Detail Final Recovery Offering Loan Determination Document Appraisal Appraisal Actual Gross Proceeds Number Date Cross-Reference Date Value Balance 265950393 12/30/2003 84 09/19/2003 4,000,000.00 5,121,574.67 4,926,575.13 265950392 12/30/2003 115 09/19/2003 1,900,000.00 2,965,490.74 3,010,489.69 265950313 11/08/2002 170 07/31/2002 1,100,000.00 1,224,980.64 1,107,728.88 Current Total 5,900,000.00 8,087,065.41 7,937,064.82 Cumulative Total 7,000,000.00 9,312,046.05 9,044,793.70

FIRST UNION COM MOR SEC INC COM MOR PASS THR CER SER 2001-C1 8-K