8-K 1 fun01c04_10502.txt 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: February 14, 2005 (Date of earliest event reported) Commission File No.: 333-68246-01 First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2001-C4 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 22-3844543 22-3844544 22-3844545 22-6910887 (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) 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 February 14, 2005, a distribution was made to holders of First Union Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2001-C4. 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 2001-C4, relating to the February 14, 2005 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 Trust Commercial Mortgage Pass-Through Certificates Series 2001-C4 (Registrant) By: Wells Fargo Bank, N.A. as Trustee By: /s/ Beth Belfield, Assistant Vice President By: Beth Belfield, Assistant Vice President Date: February 14, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2001-C4, relating to the February 14, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 First Union Commercial Mortgage Trust Commercial Mortgage Pass-Through Certificates Series 2001-C4 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: February 14, 2005 Record Date: January 31, 2005 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 - 15 Principal Prepayment Detail 16 Historical Detail 17 Delinquency Loan Detail 18 - 19 Specially Serviced Loan Detail 20 - 23 Modified Loan Detail 24 Liquidated Loan Detail 25 Depositor First Union Commercial Mortgage Securities, Inc. 201 South College Street Charlotte, NC 28288-1016 Contact: Tim Steward Phone Number: (704) 593-7822 Master Servicer Wachovia Bank, National Association 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 2005, Wells Fargo Bank, N.A.

Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 5,816,228.46 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 5,816,228.46 Principal: Scheduled Principal 794,992.89 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 794,992.89 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 6,611,221.35 Total Funds Distributed Fees: Master Servicing Fee 44,940.65 Trustee Fee 1,780.80 Certificate Administration Fee 0.00 Insurer Fee 0.00 Miscellaneous Fee 0.00 Total Fees 46,721.45 Additional Trust Fund Expenses: Reimbursement for Interest on Advances 17,042.73 ASER Amount 2,179.62 Special Servicing Fee 9,527.70 Rating Agency Expenses 0.00 Attorney Fees & Expenses 1,215.81 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 29,965.86 Interest Reserve Deposit 175,197.95 Payments to Certificateholders & Others: Interest Distribution 5,564,343.18 Principal Distribution 794,992.89 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 6,359,336.07 Total Funds Distributed 6,611,221.33

Principal Prepayment Detail No Principal Prepayments this Period

Net Remaining Loan Operating DSCR Note Maturity Amortization Number Income Date DSCR Date Date Term 528000014 1,085,389.18 06/30/2004 1.53 11/01/2000 10/01/2010 307 502694601 803,246.00 12/31/2001 0.99 09/01/2001 08/01/2006 317 528000061 488,600.21 09/30/2004 1.18 09/01/1999 08/01/2009 233 528000067 279,722.89 06/30/2004 1.17 11/01/2000 10/01/2010 247 528000072 384,312.35 06/30/2004 1.69 11/01/2000 10/01/2010 247 510000185 421,072.80 12/31/2002 1.25 10/01/2001 09/01/2021 198 528000125 (41,464.72) 06/30/2004 (0.64) 11/01/2000 10/01/2010 247 (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 528000014 14 13 20,500,000.00 502694601 28 2 07/06/2004 12,250,000.00 528000061 61 13 8,900,000.00 528000067 67 13 6,650,000.00 528000072 72 13 7,350,000.00 510000185 91 7 03/01/2004 3,300,000.00 528000125 125 13 2,190,000.00

Loan Number Comments from Special Servicer 528000014 Signed FB whereby Lender will give Borrower 12 months (ending 12/31/2005) to stabilize properties. During 12 months, Borrower will pay as agreed on 500 & 550 loans and must pay $50,000/mo. (with an advanced payment of $300,000 at signing for the first 6 months) interest. If Bwr needs another 6 months, they must pay all accrued interest (on 466 & 1420 only) plus $50,000 in partial interest only each month thereafter. If the Bwr needs another 6 months (potentially 24 months total) they must reinstate a ll accrued interest and pay $50,000/month until FB maturity. Bwr will place deed in escrow and sign springing guaranty for full debt to assure cooperation in foreclosure or deed recording and to prevent bankruptcy filing. Redemption period was waived. 502694601 The principal and interest payments have been brought current. The default interest and late charges are in dispute. The foreclosure sale is now scheduled for April. 528000061 Tenant which occupied 100% of property filed for Chapter 7 Bankruptcy, and has vacated premises. However, lease was guaranteed by Masco, Inc (BBB+ rated) for a two year period. Guarantee does not exclude tenant bankruptcy. The tenant bankruptcy is not an Event of Default under the loan documents. Borrower continues performance under the loan documents. Borrower has requested a full loan payoff subject to a reduction in the prepayment premium, which was subsequently rejected by special servicer. 528000067 Signed FB whereby Lender will give Borrower 12 months (ending 12/31/2005) to stabilize properties. During 12 months, Borrower will pay as agreed on 500 & 550 loans and must pay $50,000/mo. (with an advanced payment of $300,000 at signing for the first 6 months) interest. If Bwr needs another 6 months, they must pay all accrued interest (on 466 & 1420 only) plus $50,000 in partial interest only each month thereafter. If the Bwr needs another 6 months (potentially 24 months total) they must reinstate a ll accrued interest and pay $50,000/month until FB maturity. Bwr will place deed in escrow and sign springing guaranty for full debt to assure cooperation in foreclosure or deed recording and to prevent bankruptcy filing. Redemption period was waived. 528000072 Signed FB whereby Lender will give Borrower 12 months (ending 12/31/2005) to stabilize properties. During 12 months, Borrower will pay as agreed on 500 & 550 loans and must pay $50,000/mo. (with an advanced payment of $300,000 at signing for the first 6 months) interest. If Bwr needs another 6 months, they must pay all accrued interest (on 466 & 1420 only) plus $50,000 in partial interest only each month thereafter. If the Bwr needs another 6 months (potentially 24 months total) they must reinstate a ll accrued interest and pay $50,000/month until FB maturity. Bwr will place deed in escrow and sign springing guaranty for full debt to assure cooperation in foreclosure or deed recording and to prevent bankruptcy filing. Redemption period was waived. 510000185 Have agreement to from buyer to shorten feasibility from 60 days to45 days with 15 days to close thereafter. Revised contract going out to buyer's counsel today; expect it to be signed by next week. 528000125 Signed FB whereby Lender will give Borrower 12 months (ending 12/31/2005) to stabilize properties. During 12 months, Borrower will pay as agreed on 500 & 550 loans and must pay $50,000/mo. (with an advanced payment of $300,000 at signing for the first 6 months) interest. If Bwr needs another 6 months, they must pay all accrued interest (on 466 & 1420 only) plus $50,000 in partial interest only each month thereafter. If the Bwr needs another 6 months (potentially 24 months total) they must reinstate a ll accrued interest and pay $50,000/month until FB maturity. Bwr will place deed in escrow and sign springing guaranty for full debt to assure cooperation in foreclosure or deed recording and to prevent bankruptcy filing. Redemption period was waived. (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 No Modified Loans

FIRST UNION NATIONAL BANK COM MORT PAS THR CERT SER 2001 C4 8-K