8-K 1 csf04c03_sep.txt SEPTEMBER 8K 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: September 17, 2004 (Date of earliest event reported) Commission File No.: 333-116258-01 Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2004-C3 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-6636478 54-6636479 54-6636408 (I.R.S. Employer Identification No.) c/o Wells Fargo Bank, 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) Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below): [ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425) [ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12) [ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act(17 CFR 240.14d-2(b)) [ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act(17 CFR 240.13e-4(c)) ITEM 8.01 Other Events On September 17, 2004, a distribution was made to holders of Credit Suisse First Boston Mortgage Securities Corp., Commercial Mortgage Pass-Through Certificates, Series 2004-C3. ITEM 9.01 Financial Statements and Exhibits (c) Exhibits Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C3, relating to the September 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. Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2004-C3 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: September 17, 2004 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2004-C3, relating to the September 17, 2004 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Credit Suisse First Boston Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 2004-C3 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: September 17, 2004 Record Date: August 31, 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 - 16 Mortgage Loan Detail 17 - 22 Principal Prepayment Detail 23 Historical Detail 24 Delinquency Loan Detail 25 Specially Serviced Loan Detail 26 - 27 Modified Loan Detail 28 Liquidated Loan Detail 29 Depositor Credit Suisse First Boston Mortgage Securities Corp. 11 Madison Avenue, 5th Floor New York, NY 10010 Contact: General Information Number Phone Number: (212) 325-2000 Master Servicer Midland Loan Services, Inc. 10851 Mastin Street, Bldg. 82 Suite 700 Overland Park, KS 66210 Contact: Brad Hauger Phone Number: (913) 253-9000 Special Servicer Clarion Partners, LLC 335 Madison Avenue, 7th Floor New York, NY 10017 Contact: Bruce G. Morrison Phone Number: (212) 883-2500 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.

~~SECURITIES~~Certificate ~~AND~~Distribution ~~EXCHANGE~~Detail ~~COMMISSION Washington,~~Class ~~D.C.~~CUSIP ~~20549 Form 8~~Pass-~~K CURRENT~~Through ~~REPORT Pursuant~~Original toBeginning ~~Section~~Principal 13Interest orRate ~~15(d)~~Balance ofBalance ~~the Securities~~Distribution ~~Exchange~~Distribution ~~Act~~A-1 of22541SWF1 ~~1934 Date~~2.358000% ~~of Report (Date of earliest event reported): August 25~~10, ~~2004 Credit Suisse First Boston Mortgage Securities Corp~~000,000.00 10, ~~CREDIT~~000,000.00 ~~SUISSE FIRST BOSTON MORTGAGE SECURITIES CORP~~664,416.82 19, ~~-------------------------------------------------------------------- (Exact~~650.00 ~~name of registrant as specified in its charter) Delaware 333~~A-~~116258 13-3320910 ------------------------------------------- --------------------- -------------------------------------- (State~~2 or22541SWG9 ~~Other Jurisdiction of (Commission (I~~3.~~R.S.~~913000% ~~Employer Identification No~~61,126,000.~~) Incorporation) File~~00 ~~Number) 11 Madison Avenue New York~~61, New York 10010 (Address of Principal Executive Offices) ------------------------------------------------------------------------------------------------------------------------ (Zip Code) Registrant's telephone number126,000.00 ~~including area code (212) 325-2000 ----- -------- Item 8~~0.~~01. Other~~00 ~~Events~~199,321. ~~----~~70 A-~~--- ------------ Credit~~3 ~~Suisse~~22541SWH7 ~~First Boston Mortgage Securities Corp~~4.302000% ~~(the "Company") entered into a pooling and servicing agreement dated as of August 1~~209, ~~2004 among the Company~~402,000.00 ~~as depositor (in such capacity~~209, ~~the "Depositor")~~402,000.00 ~~Midland~~0.00 ~~Loan Services~~750, ~~Inc~~706.17 asA-4 ~~master~~22541SWJ3 ~~servicer~~4.835000% ~~(in such capacity~~102, ~~the "Master Servicer")~~918, ~~Clarion~~000.00 ~~Partners~~102, ~~LLC~~918,000.00 as0.00 ~~special~~414,673.78 ~~servicer~~A-5 ~~(in~~22541SWK0 ~~such~~5.113000% ~~capacity~~694, ~~the "Special Servicer")~~474,000.00 ~~and Wells Fargo Bank~~694,474,000.00 N0.~~A.,~~00 ~~as trustee (in such capacity~~2,959,037.97 ~~the "Trustee")~~A-1-A ~~(the~~22541SWP9 ~~"Pooling and Servicing Agreement")~~4.884000% ~~On August 1~~338, ~~2004~~144,000.00 ~~in accordance with the Pooling and Servicing Agreement~~338, ~~the Depositor: (a) established a trust (the "Trust")~~144,000.00 the primary assets of which consisted of a pool of multifamily and commercial mortgage loans (the "Mortgage Loans"); and (b) caused the issuance of the Series 2004-C3 Commercial Mortgage Pass-Through Certificates (the "Certificates")244, ~~which collectively evidence the entire beneficial ownership of the Trust and its assets~~812.31 ~~The Pooling and Servicing Agreement is annexed hereto as Exhibit 4.~~1,376,246. ~~The~~08 ~~Company~~B ~~entered~~22541SWL8 ~~into~~5.204000% ~~a mortgage loan purchase agreement dated as of August 11~~45, ~~2004 by and between the Depositor and Column Financial~~084, ~~Inc~~000. ~~("Column")~~00 ~~(the "First Column MLPA")~~45,084,000.00 ~~Certain of the Mortgage Loans (the "Column Mortgage Loan Group") were acquired by the Company under the First Column MLPA~~0. ~~The~~00 ~~First Column MLPA sets forth representations and warranties made by Column in respect of the Column Mortgage Loan Group~~195, ~~the benefit of which were assigned by the Depositor to the Trust~~514.28 ~~The~~C ~~First~~22541SWM6 ~~Column MLPA is annexed hereto as Exhibit 4~~5.~~2 The~~243000% ~~Company entered into a mortgage loan purchase agreement dated as of August 11~~14, ~~2004 by and between the Depositor~~345, ~~Column and KeyBank National Association ("KeyBank"), as an additional party (the "Second Column MLPA")~~000.00 ~~A Mortgage Loan (the "Mizner Park Mortgage Loan"; the Column Mortgage Loan Group and the Mizner Park Mortgage Loan~~14, ~~collectively~~345,000.00 ~~the "Column Mortgage Loans") were acquired by the Company under the Second Column MLPA~~0.00 ~~The Second Column MLPA sets forth representations and warranties made by KeyBank in respect of the Mizner Park Mortgage Loan~~62, ~~the benefit of which were assigned by the Depositor to the Trust~~675.70 ~~The~~D ~~Second~~22541SWN4 ~~Column MLPA is annexed hereto as Exhibit 4~~5.~~3 The~~312000% ~~Company entered into a mortgage loan purchase agreement dated as of August 11~~28, ~~2004 by and between the Depositor and PNC Bank~~690,000.00 ~~National Association ("PNC") (the "PNC MLPA")~~28,690,000.00 ~~Certain of the Mortgage Loans (the "PNC Mortgage Loans") were acquired by the Company under the PNC MLPA~~0.00 ~~The PNC MLPA sets forth representations and warranties made by PNC in respect of the PNC Mortgage Loans~~127, ~~the benefit of which were assigned by the Depositor to the Trust~~001.07 ~~The~~E ~~PNC~~22541SWQ7 ~~MLPA is annexed hereto as Exhibit 4.~~5 ~~The Column Mortgage Loans and the PNC Mortgage Loans collectively constitute all the Mortgage Loans~~. ~~The~~411000% ~~Company entered into an underwriting agreement dated as of August 11~~16,395,000.00 ~~2004 by and between the Depositor and Credit Suisse First Boston LLC ("CSFB")~~16,395,000.00 on0.00 ~~behalf of itself and as representative of the other underwriters (the "Underwriting Agreement")~~73,927.79 ~~with~~F ~~respect~~22541SWR5 to5.579000% ~~the Class A-1~~20, ~~A-2~~493,000.00 ~~A-3~~20, ~~A-4~~493, ~~A-5,~~000.00 ~~A-1-A,~~0.00 B95, ~~C and D Certificates~~275.37 ~~The~~G ~~Underwriting~~22541SWS3 ~~Agreement is annexed hereto as Exhibit 1~~5.~~1. Item~~530000% 916,394,000. ~~Financial~~00 ~~Statements~~16,394,000.00 ~~Pro Forma Financial Information and Exhibits~~0. ~~----~~00 ~~- ------------------------------------------------------------------- (a) Not applicable~~75,549. ~~(b)~~02 ~~Not~~H ~~applicable. (c)~~22541SWT1 ~~Exhibits: 1~~5.~~1 The~~789512% ~~Underwriting Agreement dated as of August 11~~22,542,000.00 ~~2004~~22,542,000.00 ~~by and~~0.00 ~~between the Depositor and CSFB~~108,755.98 onJ ~~behalf~~22541SWU8 ~~of itself and as representative of the other underwriters.~~ 4.~~1 The~~783000% ~~Pooling and Servicing Agreement dated as of August 1~~8, ~~2004~~198,000.00 ~~by and among the Depositor~~8,198,000.00 ~~the~~0.00 ~~Master Servicers~~32,675.86 ~~the Special~~K ~~Servicers~~22541SWV6 ~~and the Trustee.~~ 4.~~2 The~~783000% ~~First Column MLPA dated as of August 11~~6, ~~2004~~147, ~~by and between the Depositor and Column~~000. ~~4.3 The~~00 ~~Second Column MLPA dated as of August 11~~6, ~~2004~~147,000.00 by0.00 ~~and between the Depositor~~24,500.92 ~~Column~~L ~~and~~22541SWW4 ~~KeyBank.~~ 4.~~4 The~~783000% ~~PNC MLPA dated as of August 11~~8,198,000.00 ~~2004~~8,198,000.00 by0.00 ~~and between the Depositor and PNC~~32,675. ~~SIGNATURES Filings~~86 ~~Made~~M by22541SWX2 ~~the Registrant~~4.783000% ~~The registrant has duly caused this form to be signed on its behalf by the undersigned~~6, ~~thereunto duly authorized~~148, in000.00 ~~the City of New York~~6, ~~State of New York~~148,000.00 on0.00 ~~August 31~~24, ~~2004~~504. ~~CREDIT~~90 ~~SUISSE~~N ~~FIRST~~22541SWY0 ~~BOSTON MORTGAGE SECURITIES CORP~~4. ~~By: /s/~~783000% Jeffrey Altabef ---------------------------------------- Name: Jeffrey Altabef Title: Vice President Exhibit Index ------------- Exhibit Page ------- -------- 16,147,000.~~1 Underwriting~~00 ~~Agreement dated as of August 31~~6, ~~2004~~147, by000.00 ~~and~~0.00 ~~between the Depositor and CSFB~~24,500.92 onO ~~behalf~~22541SWZ7 ~~of itself and as representative of the other underwriters. 7~~ 4.~~1 Pooling~~783000% ~~and Servicing Agreement dated as of August 1~~2, ~~2004~~050, by000.00 ~~and among the Depositor~~2,050,000.00 ~~the~~0.00 ~~Master Servicers~~8,170.96 ~~the Special~~P ~~Servicers~~22541SXA1 ~~and the Trustee. 8~~ 4.~~2 First~~783000% ~~Column MLPA dated as of August 11~~22, ~~2004~~542,484.00 ~~2004~~22, by542,484.00 ~~and~~0.00 ~~between the Depositor and Column~~89,850. ~~9 4.3 Second~~58 ~~Column~~Totals ~~MLPA dated as of August 11~~1, ~~2004~~639, ~~2004~~437, by484.00 ~~and between the Depositor~~1, ~~Column and KeyBank~~639,437,484. ~~10 4.4 PNC~~00 ~~MLPA dated as of August 11~~909,229.13 ~~2004~~6, ~~by and between the Depositor and PNC~~695,214. 12 91

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 7,963,582.61 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 7,963,582.61 Principal: Scheduled Principal 909,229.08 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 909,229.08 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 8,872,811.69 Total Funds Distributed Fees: Master Servicing Fee 51,987.48 Trustee Fee 1,976.43 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 53,963.91 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 0.00 ASER Amount 0.00 Special Servicing Fee 0.00 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 0.00 Interest Reserve Deposit 0.00 Payments to Certificateholders & Others: Interest Distribution 7,909,618.71 Principal Distribution 909,229.13 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 8,818,847.84 Total Funds Distributed 8,872,811.75

Principal Prepayment Detail No Principal Prepayments this Period

Delinquency Loan Detail No Delinquent Loans this Period 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

Filing Compare · CSFB MORT SEC CORP COMM MORT PAS THR CERTS 2004 C3