8-K 1 fun00c02.txt MAY 8-K UNITED STATES 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: May 17, 2004 (Date of earliest event reported) Commission File No.: 333-30294-02 First Union National Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C2 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 52-7104733 52-2267452 52-2267455 52-2267453 52-2267454 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, N.A. 9062 Old Annapolis Road Columbia, MD 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 May 17, 2004, a distribution was made to holders of First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2000-C2. 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 2000-C2, relating to the May 17, 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 National Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C2 By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: May 18, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2000-C2, relating to the May 17, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union National Bank Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2000-C2 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: May 17, 2004 Record Date: April 30, 2004 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 Depositor First Union Commercial Mortgage Services Charlotte Plaza, Floor 23 NC-1075 201 South College Street Charlotte, NC 28288-1016 Contact: Tim Steward Phone Number: (704) 593-7822 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 Lennar Partners, Inc. 760 N.W. 107th Avenue Miami, FL 33172 Contact: Steve Bruha Phone Number: (305) 229-6614 This report has been compiled from information provided to Wells Fargo Bank, N.A. by various third parties, which may include the Servicer, Master Servicer, Special Servicer and others. Wells Fargo Bank, 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, N.A. expressly disclaims any responsibility for the accuracy or completeness of information furnished by third parties. Copyright 2004, Wells Fargo Bank, N.A.

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 7,727,967.71 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 7,727,967.71 Principal: Scheduled Principal 888,892.11 Unscheduled Principal 0.00 Principal Prepayments 0.00 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 888,892.11 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 8,616,859.82 Total Funds Distributed Fees: Master Servicing Fee 46,648.73 Trustee Fee 2,347.78 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 48,996.51 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 302.98 ASER Amount 1,622.85 Special Servicing Fee 7,839.53 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 22,616.80 Total Additional Trust Fund Expenses 32,382.16 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 7,646,589.10 Principal Distribution 888,892.11 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 0.00 Total Payments to Certificateholders & Others 8,535,481.21 Total Funds Distributed 8,616,859.88

Principal Prepayment Detail No Principal Prepayments this Period

Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 265330852 1,472,008.16 12/31/2001 1.29 08/01/2000 07/01/2010 313 265330855 288,237.94 06/30/2003 1.03 08/01/2000 07/01/2010 317 265330875 160,342.04 12/31/2000 1.21 08/01/2000 07/01/2010 313 265330952 31,145.44 06/30/2003 0.72 11/01/2000 10/01/2010 256 (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 (2) 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

Specially Serviced Loan Detail - Part 2 Offering Document Resolution Site Other REO Loan Cross Strategy Inspection Phase 1 Appraisal Appraisal Property Number Reference Code (1) Date Date Date Value Revenue 265330852 24 2 11/01/2003 9,750,000.00 265330855 62 6 08/01/2000 7,550,000.00 265330875 135 2 12/08/2003 1,400,000.00 265330952 150 7 10/24/2003 800,000.00

Loan Number Comments from Special Servicer 265330852 Borrower filed bankruptcy on the eve of the foreclosure sale (10/1/03). The cash collateral order is in place and the borrower has filed its plan of reorganization, which is being reviewed. 265330855 The major tenant, Food Lion, has requested a reduction in rent of $2.00/SF due to poor performance of the store. Borrower's request to pay off in full with waivers has been approved. Expect loan to be paid off within 60 days. 265330875 Proceeding with litigation. Borrower filed bankruptcy prior to the receivership hearing. A Chapter 11 Trustee has been appointed. 265330952 Property became REO on 11/21/03. Wilson Thorn Companies hired as mgmt company. Subject is a 311 unit, climate controlled, self-storage facility located in Greeley, CO (approx. 40 miles north of Denver); the subject improvements were built in 1906 as ane nclosed retail lumber storage and sales facility; they were converted for use as an enclosed self storage facility in 1992. Evaluating any life-safety issues, anticipate taking to market in 1Q/04, asking price to be determined. (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 Loan Modification Description Number 265330826 These modifications were based on rulings by the Bankruptcy courts due to the borrower filing BK, while this loan was at the Special Servicer. 265950311 10/10/01: Loan has been corrected and was returned to Master Servicer effective 9/28/01.

Liquidated Loan Detail No Liquidated Loans

FIRST UNION COMM MORT TRUST COMM MOR PAS THR CER SER 2000-C2 8-K