8-K 1 bsc05pr8_10507.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: July 11, 2005 (Date of earliest event reported) Commission File No.: 333-120522-03 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-PWR8 (Exact name of registrant as specified in its charter) New York (governing law of Pooling and Servicing Agreement) (State of Incorporation) 54-2176727 54-2176728 54-2176729 54-6666966 54-6666967 (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 July 11, 2005, a distribution was made to holders of Bear Stearns Commercial Mortgage Securities Inc., Commercial Mortgage Pass-Through Certificates, Series 2005-PWR8. 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 2005-PWR8, relating to the July 11, 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. Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-PWR8 (Registrant) By: Wells Fargo Bank, N.A. as Certificate Administrator By: /s/ Beth Belfield, Officer By: Beth Belfield, Officer Date: July 11, 2005 INDEX TO EXHIBITS Exhibit Number Description (EX-99.1) Monthly report distributed to holders of Commercial Mortgage Pass-Through Certificates, Series 2005-PWR8, relating to the July 11, 2005 distribution. Wells Fargo Bank, N.A. Corporate Trust Services 9062 Old Annapolis Road Columbia, MD 21045-1951 Bear Stearns Commercial Mortgage Securities Inc. Commercial Mortgage Pass-Through Certificates Series 2005-PWR8 For Additional Information, please contact CTSLink Customer Service (301) 815-6600 Reports Available on the World Wide Web @ www.ctslink.com/cmbs Payment Date: July 11, 2005 Record Date: June 30, 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 - 17 Principal Prepayment Detail 18 Historical Detail 19 Delinquency Loan Detail 20 - 22 Specially Serviced Loan Detail 23 - 24 Modified Loan Detail 25 Liquidated Loan Detail 26 Bond / Collateral Realized Loss Reconciliation 27 Defeased Loan Detail 28 Depositor Bear Stearns Commercial Mortgage Securities Inc. 383 Madison Avenue New York, NY 10179 Contact: General Information Number Phone Number: (212) 272-2000 Master & Special Servicer Prudential Asset Resources, Inc. 2200 Ross Avenue, Suite 4900E Dallas, TX 75201 Contact: Hal Collett Phone Number: (214) 721-6032 Master Servicer Wells Fargo Bank, N.A. 45 Fremont Street, 2nd Floor investorreporting@wellsfargo.com San Francisco, CA 94105 Contact: Matilde Sanchez Phone Number: General Special Servicer ARCap Servicing, Inc. 5605 N. MacArthur Blvd. Irving, TX 75038 Contact: Chris Crouch Phone Number: (972) 580-1688 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.

~~================================================================================ 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 of07383F7S1 ~~1934 Date~~4.212000% of104,300,000.00 ~~report (Date~~104,300,000.00 ~~of earliest event reported) June 21~~1,139,938.44 ~~2005 Bear Stearns Commercial Mortgage Securities Inc~~366,093. ~~(Exact~~00 ~~Name of Registrant as Specified in Its Charter) Delaware 333~~A-~~120522 13-3411414 (State~~2 or07383F7T9 ~~Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No~~4.~~) 383~~484000% ~~Madison Avenue~~46,500,000.00 ~~New York~~46,500,000.00 ~~NY 10179 (Address~~0.00 ~~of Principal Executive Offices) (Zip Code) Registrant's telephone number~~173,755.00 ~~including area code (212) 272~~A-~~2000 (Former~~3 ~~Name~~07383F7U6 or4.550000% ~~Former~~63,000,000.00 ~~Address~~63,000,000.00 if0.00 ~~Changed~~238,875.00 ~~Since Last Report)~~ A-~~------------------------------------------------------------------------------- Check~~AB ~~the~~07383F7V4 ~~appropriate~~4.581000% ~~box~~128,000,000.00 ~~below~~128,000,000.00 if0.00 ~~the~~488,640.00 ~~Form 8~~A-K4 ~~filing~~07383F7W2 is4.674000% ~~intended~~1,020,394,000.00 ~~to simultaneously~~1,020,394,000.00 ~~satisfy~~0.00 ~~the filing obligation of the registrant under any following provisions: [_] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230~~3,974,434.~~425) [_] Soliciting~~63 ~~material pursuant to Rule 14a~~A-124FL ~~under~~07383F8A9 ~~the~~3.451720% ~~Exchange~~50,000,000.00 ~~Act~~50,000,000.00 ~~(17~~0.00 ~~CFR 240~~95,881.~~14a-12) [_] Pre-commencement~~11 ~~communications pursuant to Rule 14d~~A-~~2(b)~~J ~~under~~07383F7Y8 ~~the Exchange~~4.750000% ~~Act~~150,046,000.00 ~~(17~~150,046,000.00 ~~CFR~~0.00 ~~240~~593,932.~~14d-2(b)) [_] Pre-commencement~~08 ~~communications~~B ~~pursuant~~07383F7Z5 ~~to Rule 13e-~~4~~(c) under the Exchange Act (17 CFR 240~~.~~13e-4(c)) ================================================================================ Section~~819000% ~~8 Other Events Item 8~~37,511,000.~~01.~~00 ~~Other Events On June 21~~37, ~~2005~~511,000.00 a0.00 ~~single series of certificates~~150,637.92 ~~entitled~~C ~~Bear Stearns~~07387BAA1 ~~Commercial Mortgage Securities Inc~~4.858000% 17,653,000.00 ~~Commercial Mortgage Pass-Through Certificates~~17,653,000.00 ~~Series~~0.00 ~~2004-PWR8 (the "Certificates")~~71,465.23 ~~was~~D ~~issued~~07387BAB9 ~~pursuant to a pooling and servicing agreement in the form attached hereto as Exhibit~~ 4.1898000% ~~(the "Pooling~~26,478,000.00 ~~and~~26,478,000.00 ~~Servicing~~0.00 ~~Agreement")~~108,074.37 ~~entered~~E ~~into~~07383F6T0 by4.997000% ~~and among Bear Stearns Commercial Mortgage Securities Inc~~17,653,000.00 ~~(the "Registrant")~~17,653,000.00 ~~Prudential~~0.00 ~~Asset Resources~~73, ~~Inc~~510.03 asF a07383F6U7 ~~Master~~5.312000% ~~Servicer and as Lock Up Storage Centers Portfolio Special Servicer~~19,859,000.00 ~~Wells Fargo Bank~~19,859,000.00 ~~National~~0.00 ~~Association as a Master Servicer~~87, as909.17 ~~Certificate~~G ~~Administrator~~07383F6V5 ~~and~~5.377337% ~~as Tax Administrator~~15, ~~ARCap Servicing~~446, ~~Inc~~000.00 ~~as General Special Servicer~~15,446,000.00 ~~LaSalle Bank National Association as Trustee and ABN AMRO Bank N~~0.~~V.,~~00 ~~as Fiscal Agent~~69,215.29 ~~Certain~~H ~~classes~~07383F6W3 ~~of the Certificates (the "Underwritten Certificates") were registered under the Registrant's registration statement on Form S-3 (no~~5.451337% ~~333-120522) and sold to Bear~~17,652,000.00 ~~Stearns & Co~~17,652,000.00 ~~Inc~~0.00 80, ~~("BSCI")~~189.17 ~~and~~J ~~Morgan~~07383F6X1 ~~Stanley & Co~~4.431000% ~~Incorporated ("MSCI"~~8,826,000.00 ~~and together with BSCI~~8, ~~the~~826,000.00 ~~"Underwriters") pursuant to an underwriting agreement (the "Underwriting Agreement") entered into by and between the Registrant and the Underwriters~~0. ~~Section~~00 ~~9 Financial Statements and Exhibits Item 9~~32,590.01. ~~Financial~~K ~~Statements~~07383F6Y9 ~~and~~4.431000% ~~Exhibits~~4,413,000. ~~(a) Financial~~00 ~~statements of businesses acquired: Not applicable~~4,413,000. ~~(b) Pro~~00 ~~forma financial information: Not applicable~~0. ~~(c) Exhibits: Exhibit~~00 No16,295. ~~Description 4.1 Pooling~~00 ~~and~~L ~~Servicing~~07383F6Z6 ~~Agreement among Bear Stearns Commercial Mortgage Securities Inc~~4.431000% ~~as Depositor~~6, ~~Prudential Asset Resources~~620, ~~Inc~~000.00 ~~as a Master Servicer and as Lock Up Storage Centers Portfolio Special Servicer~~6, ~~Wells Fargo Bank~~620,000.00 ~~National~~0.00 ~~Association as a Master Servicer~~24,444.35 asM ~~Certificate~~07383F7A0 ~~Administrator~~4.431000% ~~and as Tax Administrator~~6,620,000.00 ~~ARCap Servicing~~6,620,000.00 ~~Inc~~0.00 ~~as General Special Servicer~~24, ~~LaSalle~~444.35 ~~Bank~~N ~~National~~07383F7B8 ~~Association~~4.431000% ~~as Trustee and ABN AMRO Bank N~~2,206,000.V.00 2,206,000.00 ~~as Fiscal Agent~~0. ~~SIGNATURES Pursuant~~00 ~~to the requirements of the Securities Exchange Act of 1934~~8, ~~the~~145.66 ~~Registrant~~P ~~has~~07383F7C6 ~~duly~~4.431000% ~~caused this report to be signed on its behalf by the undersigned~~4, ~~thereunto duly authorized~~413,000. ~~Date:~~00 ~~July 6~~4,413,000.00 ~~2005 BEAR~~0.00 ~~STEARNS COMMERCIAL MORTGAGE SECURITIES INC~~16,295. ~~By:~~00 ~~/s/~~Q ~~Richard~~07383F7D4 A4.431000% ~~Ruffer~~17,653,294.00 Jr17,653,294. ~~--------------------------------- Name:~~00 ~~Richard A~~0.00 ~~Ruffer~~65, Jr184. ~~Title:~~79 ~~Vice~~R-I ~~President EXHIBIT~~N/A ~~INDEX The~~0.000000% ~~following~~0.00 ~~exhibits~~0.00 ~~are~~0.00 ~~filed herewith: Exhibit No~~0. 00 R-~~---------- 4.1 Pooling~~II ~~and~~N/A ~~Servicing~~0.000000% ~~Agreement~~0.00 ~~among~~0.00 ~~Bear~~0.00 ~~Stearns~~0.00 ~~Commercial Mortgage~~R-III ~~Securities~~N/A ~~Inc~~0.000000% as0.00 ~~Depositor,~~0.00 ~~Prudential~~0.00 ~~Asset Resources, Inc~~0.00 asV aN/A ~~Master~~0.000000% ~~Servicer~~0.00 ~~and~~0.00 as0.00 ~~Lock~~0.00 UpTotals ~~Storage Centers Portfolio Special Servicer~~1, ~~Wells Fargo Bank~~765, ~~National Association as a Master Servicer~~243,294.00 ~~as Certificate Administrator and as Tax Administrator~~1, ~~ARCap Servicing~~765, ~~Inc~~243,294.00 ~~as General Special Servicer~~1, ~~LaSalle Bank National Association as Trustee and ABN AMRO Bank N.V.~~139,938.44 ~~as Fiscal Agent~~6,760,011. 16

Appraisal Reduction Amount None Cash Reconciliation Detail Total Funds Collected Interest: Scheduled Interest 8,085,409.75 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 8,085,409.75 Principal: Scheduled Principal 1,139,938.44 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 1,139,938.44 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 9,225,348.19 Total Funds Distributed Fees: Master Servicing Fee 63,427.39 Trustee Fee 1,368.06 Certificate Administration Fee 764.94 Insurer Fee 0.00 Servicer Report Administrator Fee 735.52 Total Fees 66,925.91 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 7,920,244.93 Principal Distribution 1,139,938.44 Prepayment Penalties/Yield Maintenance 0.00 Borrower Option Extension Fees 0.00 Equity Payments Paid 0.00 Net Swap Counterparty Payments Paid 98,868.89 Total Payments to Certificateholders & Others 9,159,052.26 Total Funds Distributed 9,225,348.17

Principal Prepayment Detail No Principal Prepayments 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 Bond/Collateral Realized Loss Reconciliation No Realized Losses this Period Defeased Loan Detail No Defeased Loans

Filing Compare · Bear Stearns Commercial Mortgage Securities Trust 2005-PWR8