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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM 10-K
(Mark one)
/X/ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
For the fiscal year ended December 31, 2004
OR
/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES
EXCHANGE ACT OF 1934
Commission File Number: 333-83930-06
Wachovia Commericial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2003-C06
(Exact name of registrant as specified in its charter)
New York 54-6553637
(State or other jurisdiction of 54-2126331
incorporation or organization) 54-2123737
54-2123735
54-2123736
(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)
Registrant's telephone number, including area code: (410) 884-2000
Securities registered pursuant to Section 12(b) of the Act:
NONE.
Securities registered pursuant to Section 12(g) of the Act:
NONE.
Indicate by check mark whether the registrant (1) has filed all reports
required to be filed by Section 13 or 15(d) of the Securities Exchange
Act of 1934 during the preceding 12 months (or for such shorter period
that the registrant was required to file such reports), and (2) has been
subject to such filing requirements for the past 90 days.
Yes X No ___
Indicate by check mark if disclosure of delinquent filers pursuant to
Item 405 of Regulation S-K ( 229.405 of this chapter) is not contained
herein, and will not be contained, to the best of registrant's knowledge,
in definitive proxy or information statements incorporated by reference
in Part III of this Form 10-K or any amendment to this Form 10-K.
Not applicable.
Indicate by check mark whether the registrant is an accelerated filer
(as defined in Exchange Act Rule 12b-2).
Yes ___ No X
State the aggregate market value of the voting and non-voting common
equity held by non-affiliates computed by reference to the price at which
the common equity was last sold, or the average bid and asked price of
such common equity, as of the last business day of the registrant's most
recently completed second fiscal quarter.
Not applicable.
Indicate the number of shares outstanding of each of the registrant's
classes of common stock, as of the latest practicable date.
Not applicable.
Documents Incorporated by Reference
List hereunder the following documents if incorporated by reference and
the Part of the Form 10-K (e.g. Part I, Part II, etc.) into which the
document is incorporated: (1)Any annual report to security holders; (2)
Any proxy or information statement; and (3)Any prospectus filed pursuant
to Rule 424(b) or (c) under the Securities Act of 1933. The listed
documents should be clearly described for identification purposes (e.g.
annual report to security holders for fiscal year ended December 24, 1980).
Not applicable.
PART I
Item 1. Business.
Omitted.
Item 2. Properties.
See Item 15(a), Exhibits 99.1, 99.2, and 99.3, for information
provided in lieu of information required by Item 102 of
Regulation S-K.
Item 3. Legal Proceedings.
The registrant knows of no material pending legal proceedings
involving the trust created under the Pooling and Servicing
Agreement (the Trust), the Trustee, the Servicer or the
registrant with respect to the Trust other than routine
litigation incidental to the duties of the respective parties.
Item 4. Submission of Matters to a Vote of Security Holders.
None.
PART II
Item 5. Market for registrant's Common Equity and Related Stockholder
Matters and Issuer Purchases of Equity Securities.
No established public trading market for the Certificates exists.
Records provided to the Trust by the DTC and the Trustee
indicate that as of December 31, 2004, the total number of holders
of record for the Series of Certificates is 28.
Item 6. Selected Financial Data.
Omitted.
Item 7. Management's Discussion and Analysis of Financial Condition and
Results of Operation.
Omitted.
Item 7A. Quantitative and Qualitative Disclosures about Market Risk.
Not applicable.
Item 8. Financial Statements and Supplementary Data.
See Item 15(a), Exhibits 99.1, 99.2, 99.3, for information
provided in lieu of information required by Item 302 of
Regulation S-K.
Item 9. Changes in and Disagreements with Accountants on Accounting and
Financial Disclosure.
None.
Item 9A. Controls and Procedures.
Not applicable.
Item 9B. Other Information.
None.
PART III
Item 10. Directors and Executive Officers of the Registrant.
Not applicable.
Item 11. Executive Compensation.
Not applicable.
Item 12. Security Ownership of Certain Beneficial Owners and Management.
Not applicable.
Item 13. Certain Relationships and Related Transactions.
Not applicable.
Item 14. Principal Accounting Fees and Services.
Not applicable.
PART IV
Item 15. Exhibits, Financial Statement Schedules.
(a) Exhibits
(31.1) Rule 13a-14(a)/15d-14(a) Certification
(99.1) Annual Independent Accountants' Servicing Reports concerning
servicing activities.
a) Lennar Partners, Inc., as Special Servicer
b) Wachovia Bank, National Association, as Master Servicer
(99.2) Report of Management as to Compliance with Minimum Servicing
Standards.
a) Lennar Partners, Inc., as Special Servicer
b) Wachovia Bank, National Association, as Master Servicer
(99.3) Annual Statements of Compliance under the Pooling and Servicing
Agreements.
a) Lennar Partners, Inc., as Special Servicer
b) Wachovia Bank, National Association, as Master Servicer
(99.4) Aggregate Statement of Principal and Interest Distributions to
Certificate Holders.
(b) Not applicable.
(c) Omitted.
Filed herewith.
SIGNATURES
Pursuant to the requirements of Section 13 or 15(d) of the Securities
Exchange Act of 1934, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized:
Wachovia Commericial Mortgage Securities, Inc.
Commercial Mortgage Pass-Through Certificates
Series 2003-C06
(Registrant)
Signed: Wachovia Commercial Mortgage Securities, Corp. as Depositor
By: Charles L. Culbreth, Managing Director
By: /s/ Charles L. Culbreth, Managing Director
Dated: March 30, 2005
SUPPLEMENTAL INFORMATION TO BE FURNISHED WITH REPORTS FILED PURSUANT TO
SECTION 15(d) OF THE ACT BY REGISTRANTS WHICH HAVE NOT REGISTERED
SECURITIES PURSUANT TO SECTION 12 OF THE ACT.
(a)(i) No annual report is provided to the Certificateholders other than
with respect to aggregate principal and interest distributions.
(a)(ii) No proxy statement, form of proxy or other proxy soliciting
material has been sent to any Certificateholder with respect to any
annual or other meeting of Certificateholders.
Exhibit Index
Exhibit No.
Ex-31.1 Rule 13a-14(a)/15d-14(a) Certification
Certification
Wachovia Commercial Mortgage Securities, Inc.,
Commercial Mortgage Pass Through Certificates
Series 2003-C6 (the"Trust")
I, Charles L. Culbreth, a Managing Director of Wachovia Commercial
Mortgage Securities, Inc., the depositor into the above-referenced Trust,
certify that:
1. I have reviewed this annual report on Form 10-K, and all reports on
Form 8-K containing distribution date reports filed in respect of
periods included in the year covered by this annual report, of the
Trust;
2. Based on my knowledge, the information in these reports, taken as a
whole, does not contain any untrue statement of a material fact or
omit to state a material fact necessary to make the statements made,
in light of the circumstances under which such statements were made,
not misleading as of the last day of the period covered by this
annual report;
3. Based on my knowledge, the servicing information required to be
provided to the trustee by the master servicer and the special
servicer under the pooling and servicing, agreement for inclusion in
these reports is included in these reports;
4. Based on my knowledge and upon the annual compliance statement
included in this annual report and required to be delivered to the
trustee in accordance with the terms of the pooling and servicing
agreement, and except as disclosed in this annual report, the master
servicer and the special servicer have fulfilled their obligations
under the pooling and servicing agreement; and
5. This annual report discloses all significant deficiencies relating to
the master servicer's or special servicer's compliance with the
minimum servicing standards based upon the report provided by an
independent public accountant, after conducting a review in
compliance with the Uniform Single Attestation Program for Mortgage
Bankers or similar procedure, as set forth in the pooling and
servicing agreement, that is included in this annual report.
In giving the certifications above, I have reasonably relied on
information provided to me by the following unaffiliated parties:
Lennar Partners, Inc. and Wells Fargo Bank Minnesota, N.A.
Date: March 30, 2005
/s/ Charles L. Culbreth
Signature
Charles L. Culbreth, Managing Director
Wachovia Commercial Mortgage Securities, Inc.
EX-99.1 (a)
(logo) ERNST & YOUNG
Ernst & Young LLP
Suite 3900
200 South Biscayne Boulevard
Miami, Florida 33131-5313
Phone: (305) 358-4111
www.ey.com
Report of Independent Certified Public Accountants
To Lennar Partners, Inc.
We have examined management's assertion, included herein, that Lennar Partners,
Inc. (the Company) complied with the minimum servicing standards set forth in
the Mortgage Bankers Association of America's Uniform Single Attestation Program
for Mortgage Bankers (USAP) during the year ended December 31, 2004. Management
is responsible for the Company's compliance with those requirements. Our
responsibility is to express an opinion on management's assertion about the
Company's compliance based on our examination.
Our examination was made in accordance with attestation standards established
by the American Institute of Certified Public Accountants and, accordingly,
included examining, on a test basis, evidence about the Company's compliance
with those requirements and performing such other procedures as we considered
necessary in the circumstances. We believe that our examination provides a
reasonable basis for our opinion. Our examination does not provide a legal
determination on the Company's compliance with specified requirements.
In our opinion, management's assertion that the Company complied with the
aforementioned requirements during the year ended December 31, 2004, is fairly
stated, in all material respects.
/s/ Ernst & Young LLP
March 8, 2005
A Member Practice of Ernst & Young Global
EX-99.1 (b)
(logo) KMPG
KPMG LLP
Suite 2300
Three Wachovia Center
401 South Tryon Street
Charlotte, NC 28202-1911
Independent Accountants' Report
The Board of Directors
Wachovia Bank, National Association:
We have examined management's assertion, included in the accompanying management
assertion, that the Commercial Real Estate Servicing Division of Wachovia Bank,
National Association (the Bank) complied with the minimum servicing standards
set forth in the Mortgage Bankers Association of America's (MBA's) Uniform
Single Attestation Program for Mortgage Bankers, except for minimum servicing
standards V.4 and VI.1, which the MBA has interpreted as being inapplicable to
the servicing of commercial and multifamily loans, as of and for the year ended
December 31, 2004. Management is responsible for the Bank's compliance with
those minimum servicing standards. Our responsibility is to express an opinion
on management's assertion about the Bank's compliance based on our examination.
Our examination was conducted in accordance with attestation standards
established by the American Institute of Certified Public Accountants and,
accordingly, included examining, on a test basis, evidence about the Bank's
compliance with the minimum servicing standards specified above and performing
such other procedures as we considered necessary in the circumstances. We
believe that our examination provides a reasonable basis for our opinion. Our
examination does not provide a legal determination on the Bank's compliance with
the minimum servicing standards.
In our opinion, management's assertion that the Bank has complied with the
aforementioned minimum servicing standards as of and for the year ended
December 31, 2004 is fairly stated, in all material respects.
/s/ KPMG LLP
March 10, 2005
KPMG LLP, a U.S. limited liability partnership, is the U.S.
member firm of KPMG International, a Swiss cooperative.
EX-99.2 (a)
(logo) LENNAR PARTNERS
An LNR Company
March 1, 2005
Wells Fargo Bank, N.A.
9062 Old Annapolis Road
Columbia, MD 21045-1951
Attention: Corporate Trust Services (CMBS), WBCMT 2003-C6
Re: Annual Independent Public Accountant's Servicing Report
Pooling and Servicing Agreement
Wachovia Commercial Mortgage Securities, Commercial Mortgage Pass-Through
Certificates 2003-C6
To Whom It May Concern:
As of and for the year ended December 31, 2004, Lennar Partners, Inc. has
complied in all material respects with the applicable minimum servicing
standards set forth in the Mortgage Bankers Association of America's
Uniform Single Attestation Program for Mortgage Bankers applicable to the
commercial and multifamily mortgages for the Special Servicer as noted in
the attachment to this assertion. As of and for this same period, Lennar
Partners, Inc. had in effect a fidelity bond in the amount of $10,000,000
and an errors and omissions policy in the amount of $10,000,000.
Sincerely,
LENNAR PARTNERS, INC.
/s/ Susan K. Chapman
Susan K. Chapman
Vice President
cc: Wachovia Bank, NA
NC 1075, 8739 Research Drive-URP4
Charlotte, NC 28202
Portfolio Manager
1601 Washington Avenue * Suite 700 * Miami Beach, Florida 33139
Telephone: (305) 695-5600 * Fax: (305) 695-5601
EX-99.2 (b)
Wachovia Securities
8739 Research Drive, URP4
Charlotte, NC 28288
(logo) WACHOVIA SECURITIES
Management Assertion
As of and for the year ended December 31, 2004, the Commercial Real Estate
Servicing Division of Wachovia Bank, National Association (the Bank) has
complied in all material respects with the minimum servicing standards set forth
in the Mortgage Bankers Association of America's (MBA's) Uniform Single
Attestation Program for Mortgage Bankers, except for minimum servicing standards
V.4. and VI.1., which the MBA has interpreted as being inapplicable to the
servicing of commercial and multifamily loans. As of and for this same period,
the Bank had in effect a fidelity bond and errors and omissions policy in the
amount of $200 million and $25 million, respectively.
/s/ Alan Kronovet
Alan Kronovet
Managing Director
Wachovia Bank, National Association
3-8-05
Date
/s/ Clyde Alexander
Clyde Alexander
Director
Wachovia Bank, National Association
3-8-05
Date
/s/ Tim Steward
Tim Steward
Director
Wachovia Bank, National Association
3-8-05
Date
/s/ Tim Ryan
Tim Ryan
Director
Wachovia Bank, National Association
3-8-05
Date
EX-99.3 (a)
CERTIFICATE OF OFFICER
OF
LENNAR PARTNERS, INC.
Pooling and Servicing Agreement (the "Agreement") dated as of August 1, 2003,
among Wachovia Commercial Mortgage Securities, Inc., as Depositor, Wachovia
Bank, National Association, as Master Servicer, Wells Fargo Bank Minnesota,
N.A., as Trustee, Lennar Partners, Inc., as Special Servicer
(WBCMT 2003-C6)
The undersigned, Susan K. Chapman, as Vice President of LENNAR PARTNERS, INC.,
a Florida Corporation (the "Company"), in accordance with Section 3.13 of the
Agreement, does hereby certify on behalf of the Company that (i) a review of the
activities of the Company during the preceding calendar year and of its
performance under this Agreement has been made under such officer's supervision,
(ii) to the best of such officer's knowledge, based on such review, the Company
has fulfilled all of its obligations under this Agreement in all material
respects throughout such year, (iii) the Special Servicer has received no notice
regarding qualification, or challenging the status, of the ED Loan REMIC,
REMIC I or REMIC II as a REMIC under the REMIC Provisions or of the Grantor
Trust as a "Grantor Trust" for income tax purposes under the Grantor Trust
Provisions from the Internal Revenue Service or any other governmental agency
or body.
IN WITNESS WHEREOF, the undersigned has executed and delivered this Certificate
as of the 1st day of March, 2005.
/s/ Susan K. Chapman
Susan K. Chapman
Vice President
Lennar Partners, Inc.
EX-99.3 (b)
Wachovia Bank, National Association
8739 Research Drive, URP4
Charlotte, NC 28288-1075
(logo)
WACHOVIA SECURITIES
OFFICER'S CERTIFICATE
Reference is hereby made to that certain Pooling and Servicing Agreement dated
as of August 1, 2003, by and among Wachovia Commercial Mortgage Securities,
Inc., as Depositor, Wachovia Bank National Association, as Master Servicer,
Lennar Partners, Inc., as Special Servicer, and Wells Fargo Bank Minnesota,
N.A., as Trustee, with respect to Commercial Mortgage Pass-Through Certificates,
Series 2003-C6 (the "Agreement"). Capitalized terms used herein not otherwise
defined shall have the meanings assigned in the Agreement.
Pursuant to Section 3.13 of this Agreement, Timothy E. Steward and Clyde M.
Alexander, Directors of the Master Servicer, do hereby certify that:
1. A review of the activities of the Master Servicer during the period from
January 1, 2004 through December 31, 2004 and of its performance under
the Agreement during such period has been made under our supervision; and
2. To the best of our knowledge, based on such review, the Master Servicer
has fulfilled all of its material obligations under this Agreement in all
material respects throughout the period January 1, 2004 through December
31, 2004; and
3. The Master Servicer has received no notice regarding qualification, or
challenging the status, of the ED Loan REMIC, REMIC I or REMIC II as a
REMIC under the REMIC Provisions or of the Grantor Trust as a "grantor
trust" for income tax purposes under the Grantor Trust Provisions from the
Internal Revenue Service or any other governmental agency or body.
IN WITNESS WHEREOF, the undersigned have executed this Certificate as of the
11th day of March 2005.
/s/ Timothy E. Steward
Timothy E. Steward, Director
Wachovia Bank National Association
/s/ Clyde M. Alexander
Clyde M. Alexander, Director
Wachovia Bank National Association
Ex-99.4
Schedule of Year-To-Date Principal and Interest Distributions to
Certificateholders
Class Interest Principal Losses Ending Balance
A-1 2,918,968.00 9,417,965.47 0.00 81,588,832.76
A-2 9,670,700.04 0.00 0.00 215,000,000.00
A-3 7,088,510.04 0.00 0.00 143,000,000.00
A-4 16,265,366.28 0.00 0.00 317,373,000.00
B 1,525,917.48 0.00 0.00 29,774,000.00
C 671,426.28 0.00 0.00 13,101,000.00
D 1,281,762.48 0.00 0.00 25,010,000.00
E 732,465.00 0.00 0.00 14,292,000.00
F 915,581.28 0.00 0.00 17,865,000.00
G 671,426.28 0.00 0.00 13,101,000.00
H 671,375.04 0.00 0.00 13,100,000.00
IO 3,924,502.38 0.00 0.00 940,372,831.94
J 745,466.73 0.00 0.00 14,292,000.00
K 496,977.83 0.00 0.00 9,528,000.00
L 248,488.92 0.00 0.00 4,764,000.00
M 248,488.92 0.00 0.00 4,764,000.00
N 248,488.92 0.00 0.00 4,764,000.00
O 186,314.52 0.00 0.00 3,572,000.00
P 806,816.61 0.00 0.00 15,483,999.18
R-I 0.00 0.00 0.00 0.00
R-II 0.00 0.00 0.00 0.00
Z-I 0.00 0.00 0.00 0.00
Z-II 0.00 0.00 0.00 0.00