Commercial Mortgage Pass Through Certificates

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Commercial Mortgage Pass Through Certificates SECURITIES AND EXCHANGE COMMISSION FORM 424B5 Prospectus filed pursuant to Rule 424(b)(5) Filing Date: 2003-04-08 SEC Accession No. 0000950144-03-004670 (HTML Version on secdatabase.com) SERIAL COMPANY COMMERCIAL MORTGAGE PASS THROUGH CERTIFICATES SERIES 2003-1 Business Address BANK OF AMERICA CIK:1226627| State of Incorp.:DE | Fiscal Year End: 1231 CORPORATE CENTER Type: 424B5 | Act: 33 | File No.: 333-89322-02 | Film No.: 03643410 100 NORTH TYRON ST SIC: 6189 Asset-backed securities CHARLOTTE NC 28255 FILER BANC OF AMERICA COMMERCIAL MORTGAGE INC Mailing Address Business Address BANK OF AMERICA BANK OF AMERICA CIK:1005007| IRS No.: 561950039 | State of Incorp.:DE | Fiscal Year End: 1231 CORPORATE CENTER CORPORATE CENTER Type: 424B5 | Act: 33 | File No.: 333-89322 | Film No.: 03643409 100 NORTH TRYON STREET 100 NORTH TYRON ST SIC: 6189 Asset-backed securities CHARLOTTE NC 28255 CHARLOTTE NC 28255 7043862400 Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Filed Pursuant to Rule 424(b)(5) Registration No. 333-89322 Prospectus Supplement (To Prospectus dated March 31, 2003) $893,342,689 (APPROXIMATE) BANC OF AMERICA COMMERCIAL MORTGAGE INC. DEPOSITOR BANK OF AMERICA, N.A. MASTER SERVICER COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2003-1 <Table> <Caption> <S> <C> --------------------------------- The Series 2003-1 Commercial Mortgage Pass-Through Certificates will consist of the CONSIDER CAREFULLY THE RISK FACTORS following classes: BEGINNING ON PAGE S-24 IN THIS PROSPECTUS SUPPLEMENT AND PAGE 10 IN - senior certificates consisting of the Class A-1, Class A-2, Class XC, Class XP-1 and THE ACCOMPANYING PROSPECTUS. Class XP-2 Certificates; Neither the certificates nor the - junior certificates consisting of the Class B, Class C, Class D, Class E, Class F, underlying mortgage loans are insured Class G, Class H, Class J, Class K, Class L, Class M, Class N, Class O and Class P or guaranteed by any governmental Certificates; agency. - the Class ES-A, Class ES-B, Class ES-C, Class ES-D, Class ES-E, Class ES-F, The certificates will represent Class ES-G and Class ES-H Certificates; interests only in the trust and will not represent interests in or - the Class SB-A, Class SB-B, Class SB-C, Class SB-D and Class SB-E Certificates; obligations of Banc of America Commercial Mortgage Inc. or any of - the Class WB-A, Class WB-B, Class WB-C and Class WB-D Certificates; and its affiliates, including Bank of America Corporation. - the residual certificates consisting of the Class R-I and Class R-II Certificates. Only the Class A-1, Class A-2, Class B and Class C Certificates are offered hereby. The trust's assets will consist primarily of 112 mortgage loans and other property described in this prospectus supplement and the accompanying prospectus. The mortgage loans are secured by first liens on commercial and multifamily properties. This prospectus supplement more fully describes the offered certificates, as well as the characteristics of the mortgage loans and the related mortgaged properties. --------------------------------- </Table> Certain characteristics of the offered certificates include: <Table> <Caption> ---------------------------------------------------------------------------------------------------------------------- ---------------------------------------------------------------------------------------------------------------------- ASSUMED FINAL RATED FINAL CERTIFICATE BALANCE AS PASS-THROUGH RATE DISTRIBUTION RATINGS DISTRIBUTION CLASS OF DELIVERY DATE(1) AS OF DELIVERY DATE DATE(2) FITCH/S&P(3) DATE(4) ---------------------------------------------------------------------------------------------------------------------- <S> <C> <C> <C> <C> <C> Class A-1...... $339,344,651 3.8780% January 11, 2012 AAA/AAA September 11, 2036 Class A-2...... $506,232,605 4.6480% March 11, 2013 AAA/AAA September 11, 2036 Class B........ $ 34,855,857 4.8050% March 11, 2013 AA/AA September 11, 2036 Class C........ $ 12,909,576 4.8440% March 11, 2013 AA-/AA- September 11, 2036 ---------------------------------------------------------------------------------------------------------------------- </Table> (Footnotes to table on page S-3) With respect to the offered certificates, Banc of America Securities LLC is acting as sole lead manager and bookrunner. Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated are acting as co-managers, and Banc of America Securities LLC will be the sole bookrunner for any other classes of certificates, none of which are offered by this prospectus supplement. Banc of America Securities LLC, Deutsche Bank Securities Inc., Goldman, Sachs & Co. and Morgan Stanley & Co. Incorporated will purchase the offered certificates from Banc of America Commercial Mortgage Inc. and will offer them to the public at negotiated prices determined at the time of sale. The underwriters expect to deliver the offered certificates to purchasers on or about April 10, 2003. Banc of America Commercial Mortgage Inc. expects to receive from this offering approximately 100.41% of the initial principal amount of the offered certificates, plus accrued interest from April 1, 2003 before deducting expenses payable by Banc of America Commercial Mortgage Inc. -------------------------------------------------------------------------------- NEITHER THE SECURITIES AND EXCHANGE COMMISSION NOR ANY STATE SECURITIES Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document COMMISSION HAS APPROVED OR DISAPPROVED OF THESE OFFERED SECURITIES OR DETERMINED IF THIS PROSPECTUS SUPPLEMENT OR THE ACCOMPANYING PROSPECTUS IS TRUTHFUL OR COMPLETE. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE. -------------------------------------------------------------------------------- SOLE LEAD MANAGER AND BOOKRUNNER BANC OF AMERICA SECURITIES LLC ------------------------------------ DEUTSCHE BANK SECURITIES GOLDMAN, SACHS & CO. MORGAN STANLEY March 31, 2003 Banc of America Commercial Mortgage Inc. -------------------------------------------------------------------------------- Commercial Mortgage Pass-Through Certificates, Series 2003-1 Geographic Overview of Mortgage Pool [THE NARRATIVE AND/OR TABULAR INFORMATION BELOW IS A FAIR AND ACCURATE DESCRIPTION OF GRAPHIC OR IMAGE MATERIAL OMITTED FOR THE PURPOSE OF EDGAR FILING.] [MAP] % OF NUMBER OF AGGREGATE INITIAL MORTGAGED CUT-OFF DATE POOL PROPERTY LOCATION PROPERTIES BALANCE BALANCE ----------------- ---------- -------------- ------- New York............. 4 $ 129,843,261 12.6% California........... 19 122,371,779 11.8 Massachusetts........ 3 120,254,549 11.6 Texas................ 13 120,434,653 11.7 Florida.............. 12 73,101,759 7.1 Pennsylvania......... 2 47,259,104 4.6 Oregon............... 3 35,325,469 3.4 Colorado............. 1 32,784,785 3.2 Virginia............. 2 29,024,786 2.8 North Carolina....... 10 28,910,482 2.8 Michigan............. 4 26,368,758 2.6 Ohio................. 2 22,984,628 2.2 Arizona.............. 5 22,854,130 2.2 Georgia.............. 4 22,736,705 2.2 Louisiana............ 2 21,167,749 2.0 New Mexico........... 6 19,432,894 1.9 Minnesota............ 9 18,190,524 1.8 Kentucky............. 1 17,120,000 1.7 Tennessee............ 3 16,940,438 1.6 South Carolina....... 2 13,397,202 1.3 Missouri............. 1 13,360,000 1.3 Wisconsin............ 3 12,490,296 1.2 New Jersey........... 3 10,822,762 1.0 Mississippi.......... 3 8,723,135 0.8 Illinois............. 2 8,638,669 0.8 New Hampshire........ 1 7,938,496 0.8 Rhode Island......... 1 6,688,346 0.6 Kansas............... 1 6,584,245 0.6 Washington........... 1 5,482,690 0.5 Maryland............. 1 4,410,223 0.4 Iowa................. 2 4,304,700 0.4 Utah................. 1 2,818,899 0.3 --- -------------- ----- Total/Weighted Average............ 127 $1,032,766,116 100.0% === ============== ===== MORTGAGE POOL BY PROPERTY TYPE ------------------------------ [PIE CHART] [ ] < 1.0% of Initial Pool Balance - Multifamily........... 28.8% [ ] 1.1% - 5.0% of Initial Pool Balance Retail [ ] 5.1% - 10.0% of Initial Pool Balance Unanchored.......... 0.8% [ ] > 10.0% of Initial Pool Balance Shadow Anchored..... 2.7% Anchored............ 35.1% Industrial............ 4.6% Office................ 22.2% Self Storage.......... 2.0% Copyright © 2012 www.secdatabase.com. All Rights Reserved. Please Consider the Environment Before Printing This Document Manufactured Housing.. 1.3% Other................. 2.5% FOR MORE INFORMATION Banc of America Commercial Mortgage Inc. has filed with the SEC additional registration materials relating to the certificates. You may read and copy any of these materials at the SEC's Public Reference Room at the following locations: - SEC Public Reference Section 450 Fifth Street, N.W. Room 1204 Washington, D.C. 20549 - SEC Midwest Regional Offices Citicorp Center 500 West Madison Street Suite 1400 Chicago, Illinois 60661-2511 You may obtain information on the operation of the Public Reference Room by calling the SEC at 1-800-SEC-0330. The SEC also maintains an Internet site that contains reports, proxy and information statements, and other information that has been filed electronically with the SEC. The Internet address is http://www.sec.gov. You may also contact Banc of America Commercial Mortgage Inc. in writing at 214 North Tryon Street, Charlotte, North Carolina 28255, or by telephone at (704) 386-2400. See also the sections captioned Available Information"
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