Wachovia Bank Commercial Mortgage Trust Series 2007-C34 – ‘10-K’ for 12/31/07

On:  Friday, 3/28/08, at 4:22pm ET   ·   For:  12/31/07   ·   Accession #:  1056404-8-1021   ·   File #:  333-131262-11

in

this entire Filing. an “Entity” Search.

Show

Documents searched

and

each “hit”. the 1st “hit”.

↓↑Hints

Annual Report   —   Form 10-K
Filing Table of Contents

Document/Exhibit                   Description                      Pages   Size 

 1: 10-K        Annual Report                                          9±    42K 
 3: EX-33       ABS - Report of Compliance with Servicing Criteria     7±    38K 
 4: EX-33       ABS - Report of Compliance with Servicing Criteria     4±    22K 
 5: EX-33       ABS - Report of Compliance with Servicing Criteria     1     10K 
 6: EX-33       ABS - Report of Compliance with Servicing Criteria     5±    31K 
 7: EX-33       ABS - Report of Compliance with Servicing Criteria    10±    59K 
 8: EX-33       ABS - Report of Compliance with Servicing Criteria     2±    16K 
 9: EX-33       ABS - Report of Compliance with Servicing Criteria     2±    14K 
10: EX-34       ABS - Attestation Report on Assessment of              2±    13K 
                          Compliance with Servicing Criteria                     
11: EX-34       ABS - Attestation Report on Assessment of              2±    14K 
                          Compliance with Servicing Criteria                     
12: EX-34       ABS - Attestation Report on Assessment of              2±    13K 
                          Compliance with Servicing Criteria                     
13: EX-34       ABS - Attestation Report on Assessment of              2±    14K 
                          Compliance with Servicing Criteria                     
14: EX-34       ABS - Attestation Report on Assessment of              2±    16K 
                          Compliance with Servicing Criteria                     
15: EX-34       ABS - Attestation Report on Assessment of              2±    15K 
                          Compliance with Servicing Criteria                     
16: EX-34       ABS - Attestation Report on Assessment of              2±    13K 
                          Compliance with Servicing Criteria                     
17: EX-35       ABS - Servicer Compliance Statement                    1     10K 
18: EX-35       ABS - Servicer Compliance Statement                    2±    13K 
19: EX-35       ABS - Servicer Compliance Statement                    1     11K 
20: EX-35       ABS - Servicer Compliance Statement                    2±    13K 
 2: EX-31       Certification -- Sarbanes-Oxley Act - Sect. 302        2±    11K 

10-K   —   Annual Report
Document Table of Contents

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, 2007                         

OR                                                                  

/ / TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES     
EXCHANGE ACT OF 1934                                                
For the transition period from ____________ to ____________         

Commission file number: 333-131262-11                               

Wachovia Bank Commercial Mortgage Trust  2007-C34                   
(exact name of issuing entity as specified in its charter)          

Wachovia Commercial Mortgage Securities, Inc.                       
(exact name of the depositor as specified in its charter)           

Wachovia Bank, National Association                                 
Barclays Capital Real Estate Inc.                                   
(exact name of the sponsors as specified in its charter)            

New York                                54-2201131                          
(State or other jurisdiction of         54-2201132                          
incorporation or organization)          54-2201133                          
              54-6760639
                    (I.R.S. Employer
                       Identification No.)

c/o Wells Fargo Bank, N.A.                                                
9062 Old Annapolis Road                                                   
Columbia, MD                                 21045                        
(Address of principal executive               (Zip Code)                    
offices)                                                                    

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 if the registrant is a well-known seasoned issuer, as
defined in Rule 405 of the Securities Act.                                  

Yes ___     No  X                                                       

Indicate by check mark if the registrant is not required to file reports    
pursuant to Section 13 or Section 15(d) of the Act.                         

Yes ___     No  X                                                       

Note - Checking the box above will not relieve any registrant required to   
file reports pursuant to Section 13 or 15(d) of the Exchange Act from their 
obligations under those Sections.                                           

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 (Section 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 a large accelerated filer, 
an accelerated filer, a non-accelerated filer, or a smaller reporting       
company.  See the definitions of "large accelerated filer", "accelerated    
filer" and "smaller reporting company" in Rule 12b-2 of the Exchange Act.   

Large accelerated filer ___                                               
Accelerated filer ___                                                     
Non-accelerated filer X (Do not check if a smaller reporting company)     
Smaller reporting company ___                                             

Indicate by check mark whether the registrant is a shell company (as defined
in Rule 12b-2 of the Act).                                                  

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 by check mark whether the registrant has filed all documents and   
reports required to be filed by Section 12, 13 or 15(d) of the Securities   
Exchange Act of 1934 subsequent to the distribution of securities under a   
plan confirmed by a court.                                                  

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 1A.     Risk Factors.                                                  

Omitted.                                          

Item 1B.     Unresolved Staff Comments.                                     

None.                                             

Item 2.      Properties.                                                    

Omitted.                                          

Item 3.      Legal Proceedings.                                             

Omitted.                                          

Item 4.      Submission of Matters to a Vote of Security Holders.           

Omitted.                                          

 PART II

Item 5.      Market for Registrant's Common Equity, Related Stockholder     
Matters and Issuer Purchases of Equity Securities.

Omitted.                                          

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.    

Omitted.                                          

Item 8.      Financial Statements and Supplementary Data.                   

Omitted.                                          

Item 9.      Changes in and Disagreements With Accountants on Accounting and
Financial Disclosure.                             

Omitted.                                          

Item 9A.     Controls and Procedures.                                       

Omitted.                                          

Item 9A(T).  Controls and Procedures.                                       

Omitted.                                          

Item 9B.     Other Information.                                             

None.                                             

PART III

Item 10.     Directors, Executive Officers and Corporate Governance.        

Omitted.                                          

Item 11.     Executive Compensation.                                        

Omitted.                                          

Item 12.     Security Ownership of Certain Beneficial Owners and Management 
and Related Stockholder Matters.                  

Omitted.                                          

Item 13.     Certain Relationships and Related Transactions, and Director   
Independence.                                     

Omitted.                                          

Item 14.     Principal Accounting Fees and Services.                        

Omitted.                                          

ADDITIONAL DISCLOSURE ITEMS FOR REGULATION AB                               

Item 1112(b) of Regulation AB, Significant Obligor Financial Information.       

The Ashford Hospitality Pool 5 mortgage loan constitutes a significant obligor  
within the meaning of Item 1101(k)(2) of Regulation AB and as disclosed in the  
prospectus supplement for the Wachovia Bank Commercial Mortgage Trust,          
Commercial Mortgage Pass-Through Certificates, Series 2007-C34. In accordance   
with Item 1112(b) of Regulation AB, the most recent unaudited net operating     
income of the significant obligor, as provided by the related borrower, was     
$14,747,054 (on an actual basis without adjustment) and $17,967,042.00 (on a    
CMSA normalized basis) for the year ended December 31, 2007.                    

Item 1114(b)(2) of Regulation AB, Significant Enhancement  Provider Financial   
Information.                                                                    

No entity or group of affiliated entities provides any external credit          
enhancement or other support for the certificates within this transaction as    
described under Item 1114 (a) of Regulation AB.                                 

Item 1115(b) of Regulation AB, Certain Derivatives Instruments (Financial       
Information).                                                                   

No entity or group of affiliated entities provides any derivative instruments or
other support for the certificates within this transaction as described under   
Item 1115 of Regulation AB.                                                     

Item 1117 of Regulation AB, Legal Proceedings.                                  

In November 2007, the Attorney General of the State of Ohio                 
("Attorney General") and the Ohio Department of Commerce, Division of       
Financial Institutions ("DFI") (collectively, "Ohio Regulators") issued to  
Barclays Capital Real Estate Inc. d/b/a HomEq Servicing ("HomEq") a Joint   
Subpoena/Investigative Demand ("Subpoena"), captioned No. PL-HMS-01. This   
Subpoena was issued to HomEq and a number of other financial institutions as
part of a preliminary inquiry by the Ohio Regulators into the               
 mortgage lending and servicing practices of these companies as they relate to
the securitization of residential mortgages in Ohio and the rating of       
securities created by the same. The Subpoena states that the Regulators are 
investigating potential violations of Ohio's Consumer Sales Practices Act,  
Ohio's Second Mortgage Loan Act, and/or Ohio's Valentine Act.               

The Subpoena requests the production of certain responsive documents        
  and information generated between January 1, 2003 and November 9, 2007 as well
 as responsive documents generated outside the relevant time period, but which
contain information concerning the relevant time period. HomEq is fully     
cooperating with the Ohio Regulators in this inquiry. HomEq has reached an  
agreement with the Regulators that it will produce responsive documents and 
 information on a rolling basis, and has begun to do so. Given the preliminary
 status of the matter, HomEq is unable, at this point, to evaluate whether any
claim will be made against HomEq or HomEq's likelihood of successfully      
defending any such action or the potential exposure in such an action.      

Item 1119 of Regulation AB, Affiliations and Certain Relationships and Related  
Transactions.                                                                   

The information regarding this Item has been previously filed in a 424(b)(5)    
filing dated November 9, 2007.                                                  

Item 1122 of Regulation AB, Compliance with Applicable Servicing Criteria.      

The report from Wachovia Bank, National Association noted the non-compliance    
with servicing criterion 1122(d)(2)(i), certain payments on pool assets were    
not deposited into the appropriate custodial accounts within the timeframe as   
specified in the transaction agreements. Those payments were deposited into     
the appropriate custodial bank accounts after those timeframes. Management      
does not believe that this failure to follow the transaction agreements         
resulted in any loss of control over trust assets or in any impact to           
investors. The company implemented additional controls in 2008 to better        
monitor these processes and correct the non-compliance. Also, with respect to   
servicing criterion 1122(d)(2)(ii), certain disbursements made via wire         
transfer were authorized by personnel for amounts greater than such             
personnel's approval limits. Management does not believe that this failure to   
follow internal procedures resulted in any incorrect wire transfers or in any   
impact to investors. The company implemented additional controls in 2007 to     
better monitor these processes and correct the non-compliance.                  

The report from KPMG LLP, Wachovia Bank, National Association's accountants,    
noted the non-compliance with respect to servicing criterion 1122(d)(2)(i),     
certain payments on pool assets were not deposited into the appropriate         
custodial bank accounts within the timeframe as specified in the transaction    
agreements. Also, the report noted that with respect to servicing criterion     
1122(d)(2)(ii), certain disbursements made via wire transfer were authorized    
by personnel for amounts greater than such personnel's approval limits.         

Item 1123 of Regulation AB, Servicer Compliance Statement.                      

The servicer compliance statements are attached hereto under Item 15.           

Part IV           

Item 15. Exhibits, Financial Statement Schedules.                           

(a) Exhibits.                                                               

(4.1) Pooling and Servicing Agreement dated as of November 1, 2007,         
incorporated by reference from Exhibit 4.1 of the issuing entity's Current  
Report on Form 8-K filed with the Securities and Exchange Commission on     
November 19, 2007.                                                          

(31) Rule 13a-14(d)/15d-14(d) Certification.                                

(33) Reports on assessment of compliance with servicing criteria for        
asset-backed securities.                                                    

                                                            [Enlarge/Download Table]
                                                                                        
                                                                                        

33.1 Bank of America, National Association as Sub-Contractor for Wachovia Bank, National
Association                                                                             
33.2 CWCapital Asset Management LLC as Special Servicer                                 
33.3 First American Commercial Real Estate Services, Inc.                               
33.4 Global Realty Outsourcing, Inc.                                                    
33.5 Wachovia Bank, National Association as Master Servicer                             
33.6 Wells Fargo Bank, N.A. as Trustee                                                  
33.7 Wells Fargo Bank, N.A. as Custodian                                                

                                                                            
(34) Attestation reports on assessment of compliance with servicing criteria
for asset-backed securities.                                                

                                                                    [Download Table]
                                                                               
                                                                               

34.1 Bank of America, National Association as Sub-Contractor for Wachovia Bank,
National Association                                                           
34.2 CWCapital Asset Management LLC as Special Servicer                        
34.3 First American Commercial Real Estate Services, Inc.                      
34.4 Global Realty Outsourcing, Inc.                                           
34.5 Wachovia Bank, National Association as Master Servicer                    
34.6 Wells Fargo Bank, N.A. as Trustee                                         
34.7 Wells Fargo Bank, N.A. as Custodian                                       

                                                                            
(35) Servicer compliance statement.                                       

                                                            [Enlarge/Download Table]
                                                                                        
                                                                                        

35.1 Bank of America, National Association as Sub-Contractor for Wachovia Bank, National
Association                                                                             
35.2 CWCapital Asset Management LLC as Special Servicer                                 
35.3 Wachovia Bank, National Association as Master Servicer                             
35.4 Wells Fargo Bank, N.A. as Trustee                                                  

                                                                            
(99.1) Wachovia Mortgage Loan Purchase Agreement dated as of November 1,  
2007, incorporated by reference from Exhibit 99.1 of the issuing entity's 
Current Report on Form 8-K filed with the Securities and Exchange         
Commission on November 19, 2007.                                          

(99.2) Barclays Mortgage Loan Purchase Agreement dated as of November 1,  
2007, incorporated by reference from Exhibit 99.2 of the issuing entity's 
Current Report on Form 8-K filed with the Securities and Exchange         
Commission on November 19, 2007.                                          

(b) Not applicable.                                                       

(c) Omitted.                                                              

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 Commercial Mortgage Securities, Inc.                             
(Depositor)                                                               

/s/ Charles L. Culbreth                                                   
Charles L. Culbreth, Managing Director                                    
(senior officer in charge of securitization of the depositor)             

Date:   March 28, 2008                                                  

Exhibit Index                                                               

Exhibit No.                                                                 

(4.1) Pooling and Servicing Agreement dated as of November 1, 2007,       
incorporated by reference from Exhibit 4.1 of the issuing entity's Current
Report on Form 8-K filed with the Securities and Exchange Commission on   
November 19, 2007.                                                        

(31) Rule 13a-14(d)/15d-14(d) Certification.                              

(33) Reports on assessment of compliance with servicing criteria for      
asset-backed securities.                                                  

                                                            [Enlarge/Download Table]
                                                                                        

                                                                                        
33.1 Bank of America, National Association as Sub-Contractor for Wachovia Bank, National
Association                                                                             
33.2 CWCapital Asset Management LLC as Special Servicer                                 
33.3 First American Commercial Real Estate Services, Inc.                               
33.4 Global Realty Outsourcing, Inc.                                                    
33.5 Wachovia Bank, National Association as Master Servicer                             
33.6 Wells Fargo Bank, N.A. as Trustee                                                  
33.7 Wells Fargo Bank, N.A. as Custodian                                                

                                                                            
(34) Attestation reports on assessment of compliance with servicing       
criteria for asset-backed securities.                                     

                                                            [Enlarge/Download Table]
                                                                                        

                                                                                        
34.1 Bank of America, National Association as Sub-Contractor for Wachovia Bank, National
Association                                                                             
34.2 CWCapital Asset Management LLC as Special Servicer                                 
34.3 First American Commercial Real Estate Services, Inc.                               
34.4 Global Realty Outsourcing, Inc.                                                    
34.5 Wachovia Bank, National Association as Master Servicer                             
34.6 Wells Fargo Bank, N.A. as Trustee                                                  
34.7 Wells Fargo Bank, N.A. as Custodian                                                

                                                                            
(35) Servicer compliance statement.                                       

                                                                    [Download Table]
                                                                               

                                                                               
35.1 Bank of America, National Association as Sub-Contractor for Wachovia Bank,
National Association                                                           
35.2 CWCapital Asset Management LLC as Special Servicer                        
35.3 Wachovia Bank, National Association as Master Servicer                    
35.4 Wells Fargo Bank, N.A. as Trustee                                         

                                                                            
(99.1) Wachovia Mortgage Loan Purchase Agreement dated as of November 1,  
2007, incorporated by reference from Exhibit 99.1 of the issuing entity's 
Current Report on Form 8-K filed with the Securities and Exchange         
Commission on November 19, 2007.                                          

(99.2) Barclays Mortgage Loan Purchase Agreement dated as of November 1,  
2007, incorporated by reference from Exhibit 99.2 of the issuing entity's 
Current Report on Form 8-K filed with the Securities and Exchange         
Commission on November 19, 2007.                                          

Dates Referenced Herein   and   Documents Incorporated by Reference

This ‘10-K’ Filing		Date		Other Filings
Filed on:		3/28/08
For Period End:		12/31/07
		11/19/07		8-K
		11/9/07		424B5
		11/1/07		8-K
		1/1/03
				List all Filings