8-K 1 lubs01c3_200201.htm MONTHLY DISTRIBUTION STATEMENTS 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 13, 2001
(Date of earliest event reported)

Structured Asset Securities Corporation
(Exact Name of Registrant as Specified in its Charter)

Delaware (State or other jurisdiction of organization)
333-58562-02 (Commission File No.)
74-2440858 (I.R.S. Employer Identification No.)

200 Vesey Street, New York, NY 10285
(Address of principal executive offices) (Zip Code)

Registrant's Telephone Number, including area code
212 526-7000

(Former name or former address, if changed since
last report.)

ITEM 5. OTHER EVENTS

This current report on Form 8-K relates to the monthly
distribution reported to holders of LB-UBS Commercial
Mortgage Trust 2001-C3,Commercial Mortgage Pass-Through
Certificates, Series 2001-C3,which was made on
January 17, 2002.

ITEM 7. FINANCIAL STATEMENTS, PRO FORMA FINANCIAL
INFORMATION AND EXHIBITS

(c) Exhibits

Exhibit No. Description

99.1 Monthly distribution report pursuant to
Section 4.02 of the Pooling and Servicing Agreement
for the distribution on January 17, 2002.

Pursuant to the requirements of the Securities Exchange Act
of 1934, the Registrant has duly caused this report to be
signed on behalf of the Registrant by the undersigned
there unto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN
ITS CAPACITY AS TRUSTEE UNDER THE POOLING
AND SERVICING AGREEMENT ON BEHALF OF
STRUCTURED ASSET SECURITIES CORPORATION

By:

/s/ Russell Goldenberg
Russell Goldenberg,
Group Senior Vice President

January 17, 2002

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

ADMINISTRATOR:

REPORTING PACKAGE TABLE OF CONTENTS

ANALYST:

MYRON MIX 312/904-7971

RHIANA PHI (714) 282-3980 (230)

MYRON.MIX@ABNAMRO.COM

RHIANA.PHI@ABNAMRO.COM

PAGE(S)

ISSUE ID:

LUBS01C3

CLOSING DATE:

7/30/2001

STATEMENTS TO CERTIFICATEHOLDERS

PAGE 2-4

CASH RECONCILIATION SUMMARY

PAGE 5

FIRST PAYMENT DATE:

8/17/2001

MONTHLY DATA FILE NAME:

BOND INTEREST RECONCILIATION

PAGE 6

ASSUMED FINAL PAYMENT: DATE:

7/15/2011

LUBS01C3_200201_3.ZIP

ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY

PAGE 7

ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY

PAGE 8

DELINQUENT LOAN DETAIL

PAGE 9

HISTORICAL COLLATERAL PREPAYMENT

PAGE 10

MORTGAGE LOAN CHARACTERISTICS

PAGE 11-13

LOAN LEVEL DETAIL

PAGE 14-19

SPECIALLY SERVICED (PART I) ~ LOAN DETAIL

PAGE 20

SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS

PAGE 21

MODIFIED LOAN DETAIL

PAGE 22

REALIZED LOSS DETAIL

PAGE 23

APPRAISAL REDUCTION DETAIL

PAGE 24

PARTIES TO THE TRANSACTION

DEPOSITOR: STRUCTURED ASSET SECURITIES CORPORATION

UNDERWRITER: LEHMAN BROTHERS INC.

MASTER SERVICER: FIRST UNION NATIONAL BANK

SPECIAL SERVICER: LENNAR PARTNERS, INC.

RATING AGENCY: STANDARD & POOR'S CORPORATION/FITCH, INC.

INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES

LASALLE WEB SITE

WWW.ETRUSTEE.NET

SERVICER WEB SITE

WWW.FIRSTUNION.COM

LASALLE FACTOR LINE

(800) 246-5761

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 1 OF 24





	ABN AMRO

	LASALLE BANK		N.A.
*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*

										*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																											STATEMENT DATE:								01/17/2002

										*SERIES 2001-C3*																											PAYMENT DATE:						01/17/2002

WAC:						7.411861%																															PRIOR PAYMENT:							12/17/2001
																																		NEXT PAYMENT:							02/15/2002
WAMM:						216
																																		RECORD DATE:								12/31/2001
										*REMIC III*
										*ABN AMRO ACCT: 67-8753-50-0*


									ORIGINAL							OPENING		PRINCIPAL			PRINCIPAL			NEGATIVE				CLOSING					INTEREST				INTEREST				PASS-THROUGH
				CLASS				FACE VALUE (1)								BALANCE		PAYMENT			ADJ. OR LOSS			AMORTIZATION				BALANCE					PAYMENT (2)				ADJUSTMENT				RATE

			CUSIP												PER $ 1000				PER $ 1000			PER $ 1000			PER $ 1000				PER $ 1000						PER $ 1000		PER $ 1000		NEXT RATE(3)
	A-1						351,200,000.00					346,910,503.30					782,880.24			0.00			0.00				346,127,623.06				1,751,319.86					0.00				6.05800000%
	52108HFK5													987.786171128			2.229157859			0.000000000			0.000000000				985.557013269					4.986673861				0.000000000						FIXED

	A-2						781,013,000.00					781,013,000.00					0.00			0.00			0.00				781,013,000.00				4,142,623.12					0.00				6.36500000%
	52108HFL3													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.304166666				0.000000000						FIXED

	X						1,380,748,715.55				N	1,376,459,218.85					0.00			0.00			0.00				1,375,676,338.61				1,134,820.34					0.00				0.98933873%
	52108HFH2/U51394AS0													996.893354561			0.000000000			0.000000000			0.000000000				996.326357662					0.821887667				0.000000000						0.989185563%

	B						55,230,000.00					55,230,000.00					0.00			0.00			0.00				55,230,000.00				299,714.80					0.00				6.51200000%
	52108HFM1													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.426666667				0.000000000						FIXED

	C						44,653,000.00					44,653,000.00					0.00			0.00			0.00				44,653,000.00				247,563.67					0.00				6.65300000%
	52108HFN9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.544166573				0.000000000						FIXED

	D						16,000,000.00					16,000,000.00					0.00			0.00			0.00				16,000,000.00				89,746.67					0.00				6.73100000%
	52108HFP4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.609166875				0.000000000						FIXED

	E						18,000,000.00					18,000,000.00					0.00			0.00			0.00				18,000,000.00				104,250.00					0.00				6.95000000%
	52108HEK6/U51394AM3													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.791666667				0.000000000						6.950000000%

	F						18,000,000.00					18,000,000.00					0.00			0.00			0.00				18,000,000.00				106,187.11					0.00				7.07914076%
	52108HEM2/U51394AN1													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.899283889				0.000000000						7.079136495%

	G						12,081,000.00					12,081,000.00					0.00			0.00			0.00				12,081,000.00				73,584.77					0.00				7.30914076%
	52108HEP5/U51394AP6													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					6.090950252				0.000000000						7.309136495%

	H						15,534,000.00					15,534,000.00					0.00			0.00			0.00				15,534,000.00				79,741.20					0.00				6.16000000%
	52108HER1/U51394AQ4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133333333				0.000000000						FIXED

	J						20,711,000.00					20,711,000.00					0.00			0.00			0.00				20,711,000.00				106,316.47					0.00				6.16000000%
	52108HET7/U51394AR2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133333494				0.000000000						FIXED

	K						6,904,000.00					6,904,000.00					0.00			0.00			0.00				6,904,000.00				35,440.53					0.00				6.16000000%
	52108HEV2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133332851				0.000000000						FIXED

	L						10,355,000.00					10,355,000.00					0.00			0.00			0.00				10,355,000.00				53,155.67					0.00				6.16000000%
	52108HEX8													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133333655				0.000000000						FIXED

	M						3,452,000.00					3,452,000.00					0.00			0.00			0.00				3,452,000.00				17,720.27					0.00				6.16000000%
	52108HEZ3													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133334299				0.000000000						FIXED

	N						6,904,000.00					6,904,000.00					0.00			0.00			0.00				6,904,000.00				35,440.53					0.00				6.16000000%
	52108HFB5													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133332851				0.000000000						FIXED

	P						3,452,000.00					3,452,000.00					0.00			0.00			0.00				3,452,000.00				17,720.27					0.00				6.16000000%
	52108HFD1													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133334299				0.000000000						FIXED

	Q						17,259,715.55					17,259,715.55					0.00			0.00			0.00				17,259,715.55				88,599.87					0.00				6.16000000%
	52108HFF6													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.133333150				0.000000000						FIXED

	R-III						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				N/A
	9ABSF934													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000

	R-I						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				N/A
	9ABSF935													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000

	R-II						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				N/A
	9ABSF936													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000



		TOTAL			1,380,748,715.55								1,376,459,218.85				782,880.24			0.00			0.00				1,375,676,338.61				8,383,945.15					0.00

																										TOTAL P&I PAYMENT				9,166,825.39


	Q						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00				N/A
	52108HFF6													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000



		TOTAL			0.00								0.00				0.00			0.00			0.00				0.00				0.00					0.00

																										TOTAL P&I PAYMENT				0.00


NOTES: (1) N DENOTES NOTIONAL BALANCE NOT INCLUDED IN TOTAL (2) ACCRUED INTEREST PLUS/MINUS INTEREST ADJUSTMENT MINUS DEFERRED INTEREST EQUALS INTEREST PAYMENT (3) ESTIMATED. * DENOTES CONTROLLING CLASS
01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.																																						PAGE 2 OF 24





	ABN AMRO

	LASALLE BANK	N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																													STATEMENT DATE:				01/17/2002
				*SERIES 2001-C3*																																	PAYMENT DATE:	01/17/2002
																											PRIOR PAYMENT:				12/17/2001
																											NEXT PAYMENT:					02/15/2002
																											RECORD DATE:						12/31/2001
				*ABN AMRO ACCT: 67-8753-50-0*
				*CASH RECONCILIATION SUMMARY*


			INTEREST SUMMARY										SERVICING FEE SUMMARY																								PRINCIPAL SUMMARY
			CURRENT SCHEDULED INTEREST				8,755,906.46						CURRENT SERVICING FEES									116,671.40															SCHEDULED:
			LESS DEFERRED INTEREST				0.00						PLUS FEES ADVANCED FOR PPIS									0.00															CURRENT SCHEDULED PRINCIPAL					781,918.47
			PLUS ADVANCE INTEREST				10,210.83						LESS REDUCTION FOR PPIS									0.00															ADVANCED SCHEDULED PRINCIPAL					961.77
			PLUS UNSCHEDULED INTEREST				0.00						PLUS DELINQUENT SERVICING FEES										121.69														SCHEDULED PRINCIPAL DISTRIBUTION					782,880.24
			PPIS REDUCING SCHEDULED INTEREST				0.00						TOTAL SERVICING FEES									116,793.09															UNSCHEDULED:
			LESS TOTAL FEES PAID TO SERVICER				(116,671.40)																														CURTAILMENTS					0.00
			PLUS FEES ADVANCED FOR PPIS				0.00																														PREPAYMENTS IN FULL					0.00
			LESS FEE STRIPS PAID BY SERVICER				0.00						PPIS SUMMARY																								LIQUIDATION PROCEEDS					0.00
			LESS MISC. FEES & EXPENSES				0.00						GROSS PPIS									0.00															REPURCHASE PROCEEDS					0.00
			LESS NON RECOVERABLE ADVANCES				0.00							REDUCED BY PPIE								0.00															OTHER PRINCIPAL PROCEEDS					0.00
			INTEREST DUE TRUST				8,649,445.89							REDUCED BY SHORTFALLS IN FEES								0.00															UNSCHEDULED PRINCIPAL DISTRIBUTION					0.00
			LESS TRUSTEE FEE				(1,032.34)							REDUCED BY OTHER AMOUNTS								0.00															REMITTANCE PRINCIPAL					782,880.24
			LESS FEE STRIPS PAID BY TRUST				0.00							NET PPIS								0.00
			LESS MISC. FEES PAID BY TRUST				0.00						PPIS REDUCING SERVICING FEE									0.00															SERVICER WIRE AMOUNT					9,432,326.13
			LESS INTEREST RESERVE WITHHOLDING						(264,468.39)				PPIS ALLOCATED TO CERTIFICATES									0.00
			PLUS INTEREST RESERVE DEPOSIT					0.00
			REMITTANCE INTEREST				8,383,945.15								POOL BALANCE SUMMARY
																							BALANCE/AMOUNT					COUNT
													BEGINNING POOL									1,376,459,218.93								134
													SCHEDULED PRINCIPAL DISTRIBUTION									782,880.24
													UNSCHEDULED PRINCIPAL DISTRIBUTION							0.00															0
													DEFERRED INTEREST							0.00
													LIQUIDATIONS							0.00																0
													REPURCHASES							0.00													0
													ENDING POOL							1,375,676,338.69									134
					ADVANCES
						PRIOR OUTSTANDING							CURRENT PERIOD								RECOVERED																ENDING OUTSTANDING
							PRINCIPAL				INTEREST					PRINCIPAL		INTEREST						PRINCIPAL		INTEREST													PRINCIPAL		INTEREST
		MADE BY: SERVICER		8,036.27						25,311.22		961.77					10,210.83		8,036.27						25,311.22												961.77			10,210.83

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.																																											PAGE 5 OF 24





	ABN AMRO
	LASALLE BANK
		N.A.

				*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*

															*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																																			STATEMENT DATE:								01/17/2002
																																																		PAYMENT DATE:								01/17/2002
															*SERIES 2001-C3*
																																																		PRIOR PAYMENT:									12/17/2001
																																	NEXT PAYMENT:								02/15/2002
																																	RECORD DATE:									12/31/2001


															*ABN AMRO ACCT: 67-8753-50-0*
															*BOND INTEREST RECONCILIATION*


																							DEDUCTIONS																								ADDITIONS
																																	REMAINING
															ACCRUAL							PASS							ACCRUED								ADD.
DEFERRED &

					PRIOR						PREPAY-					OTHER	DISTRIBUTABLE							INTEREST			OUTSTANDING
																																	CREDIT SUPPORT
													THRU								CERTIFICATE							ALLOCABLE				TRUST				ACCRETION				INTEREST				INT. SHORT-							MENT					INTEREST				CERTIFICATE		PAYMENT			INTEREST
			CLASS			METHOD DAYS								RATE						INTEREST							PPIS					EXPENSE (1)			INTEREST				LOSSES				FALLS DUE									PENALTIES			PROCEEDS (2)
INTEREST

			AMOUNT					SHORTFALLS				ORIGINAL							CURRENT(3)

		A-1					30/360		30	6.058000000%								1,751,319.86								0.00					0.00				0.00			0.00								0.00		0.00					0.00				1,751,319.86				1,751,319.86		0.00			18.19%	18.07%
		A-2					30/360		30	6.365000000%								4,142,623.12								0.00					0.00				0.00			0.00								0.00		0.00					0.00				4,142,623.12				4,142,623.12		0.00			18.19%	18.07%
		X					30/360		30	0.989338727%								1,134,820.34								0.00					0.00				0.00			0.00								0.00		0.00					0.00				1,134,820.34				1,134,820.34		0.00			NA	NA
		B					30/360		30	6.512000000%								299,714.80								0.00					0.00				0.00			0.00								0.00		0.00					0.00				299,714.80				299,714.80		0.00			14.20%	14.05%
		C					30/360		30	6.653000000%								247,563.67								0.00					0.00				0.00			0.00								0.00		0.00					0.00				247,563.67				247,563.67		0.00			10.97%	10.81%
		D					30/360		30	6.731000000%								89,746.67								0.00					0.00				0.00			0.00								0.00		0.00					0.00				89,746.67				89,746.67		0.00			9.82%	9.64%
		E					30/360		30	6.950000000%								104,250.00								0.00					0.00				0.00			0.00								0.00		0.00					0.00				104,250.00				104,250.00		0.00			8.52%	8.33%
		F					30/360		30	7.079140763%								106,187.11								0.00					0.00				0.00			0.00								0.00		0.00					0.00				106,187.11				106,187.11		0.00			7.22%	7.03%
		G					30/360		30	7.309140763%								73,584.77								0.00					0.00				0.00			0.00								0.00		0.00					0.00				73,584.77				73,584.77		0.00			6.34%	6.15%
		H					30/360		30	6.160000000%								79,741.20								0.00					0.00				0.00			0.00								0.00		0.00					0.00				79,741.20				79,741.20		0.00			5.22%	5.02%
		J					30/360		30	6.160000000%								106,316.47								0.00					0.00				0.00			0.00								0.00		0.00					0.00				106,316.47				106,316.47		0.00			3.72%	3.51%
		K					30/360		30	6.160000000%								35,440.53								0.00					0.00				0.00			0.00								0.00		0.00					0.00				35,440.53				35,440.53		0.00			3.23%	3.01%
		L					30/360		30	6.160000000%								53,155.67								0.00					0.00				0.00			0.00								0.00		0.00					0.00				53,155.67				53,155.67		0.00			2.48%	2.26%
		M					30/360		30	6.160000000%								17,720.27								0.00					0.00				0.00			0.00								0.00		0.00					0.00				17,720.27				17,720.27		0.00			2.23%	2.01%
		N					30/360		30	6.160000000%								35,440.53								0.00					0.00				0.00			0.00								0.00		0.00					0.00				35,440.53				35,440.53		0.00			1.73%	1.51%
		P					30/360		30	6.160000000%								17,720.27								0.00					0.00				0.00			0.00								0.00		0.00					0.00				17,720.27				17,720.27		0.00			1.48%	1.25%
		Q					30/360		30	6.160000000%								88,599.87								0.00					0.00				0.00			0.00								346.62		0.00					0.00				88,946.49				88,599.87		346.62			0.23%	0.00%
																			8,383,945.15						0.00					0.00				0.00				0.00							346.62				0.00					0.00			8,384,291.77				8,383,945.15			346.62

	(1) ADDITIONAL TRUST EXPENSES ARE FEES ALLOCATED DIRECTLY TO THE BOND RESULTING IN A DEDUCTION TO ACCRUED INTEREST.
	(2) OTHER INTEREST PROCEEDS INCLUDE DEFAULT INTEREST, PPIE, INTEREST DUE ON OUTSTANDING LOSSES, INTEREST DUE ON OUTSTANDING SHORTFALLS AND RECOVERIES OF INTEREST.
	(3) DETERMINED AS FOLLOWS: (A) THE ENDING BALANCE OF ALL THE CLASSES LESS (B) THE SUM OF (I) THE ENDING BALANCE OF THE CLASS AND (II) THE ENDING BALANCE OF ALL CLASSES WHICH ARE NOT SUBORDINATE TO THE CLASS DIVIDED BY (A).
																																	PAGE 6 OF 24
	01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.





		ABN AMRO

		LASALLE BANK		N.A.
		*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*

																																	STATEMENT DATE:							01/17/2002
												*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																															PAYMENT DATE:							01/17/2002
																																											*SERIES 2001-C3*
												PRIOR PAYMENT:									12/17/2001
																																	NEXT PAYMENT:								02/15/2002
																																	RECORD DATE:									12/31/2001

												*ABN AMRO ACCT: 67-8753-50-0*

												*ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL LOAN STATUS SUMMARY*



											DELINQUENCY AGING CATEGORIES																									SPECIAL EVENT CATEGORIES (1)


DISTRIBUTION
DATE
DELINQ 1 MONTH								DELINQ 2 MONTHS					DELINQ 3+ MONTHS					FORECLOSURE							REO				MODIFICATIONS									SPECIALLY SERVICED						BANKRUPTCY
	# BALANCE								# BALANCE					# BALANCE					# BALANCE						# BALANCE							# BALANCE							# BALANCE							# BALANCE


					1/17/02		2		1,459,364						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						1.49%				0.11%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
					12/17/01		0		0						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.00%				0.00%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
					11/19/01		1		4,575,005						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.75%				0.33%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
					10/17/01		0		0						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.00%				0.00%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
					9/17/01		0		0						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.00%				0.00%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
					8/17/01		0		0						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.00%				0.00%			0.00%				0.00%			0.00%			0.00%	0.00%			0.00%	0.00%				0.00%			0.00%			0.00%			0.00%				0.00%				0.00%			0.00%
			(1) NOTE: MODIFICATION, SPECIALLY SERVICED & BANKRUPTCY TOTALS ARE INCLUDED IN THE APPROPRIATE DELINQUENCY AGING CATEGORY
				01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.																																											PAGE 7 OF 24





	ABN AMRO

	LASALLE BANK		N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																															STATEMENT DATE:						01/17/2002
																												PAYMENT DATE:								01/17/2002
											*SERIES 2001-C3*																														PRIOR PAYMENT:					12/17/2001
																												NEXT PAYMENT:										02/15/2002
																												RECORD DATE:											12/31/2001
											*ABN AMRO ACCT: 67-8753-50-0*
											*ASSET-BACKED FACTS ~ 15 MONTH HISTORICAL PAYOFF/LOSS SUMMARY*


							ENDING POOL (1)							PAYOFFS(2)			PENALTIES				APPRAISAL REDUCT. (2)					LIQUIDATIONS (2)							REALIZED LOSSES (2)									REMAINING TERM						CURR WEIGHTED AVG.

DISTRIBUTION
DATE
		# BALANCE						# BALANCE						# AMOUNT				# BALANCE						# BALANCE						# AMOUNT									LIFE AMORT.					COUPON REMIT
				1/17/02		134			1,375,676,339				0		0				0	0			0	0			0				0			0			0						216		345		7.41%		7.31%
					100.00%					99.40%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				12/17/01		134			1,376,459,219				0		0				0	0			0	0			0				0			0			0						217		346		7.41%		7.31%
					100.00%					99.46%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				11/19/01		134			1,377,465,766				0		0				0	0			0	0			0				0			0			0						218		347		7.64%		7.54%
					100.00%					99.53%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				10/17/01		134			1,378,237,294				0		0				0	0			0	0			0				0			0			0						219		348		7.41%		7.31%
					100.00%					99.59%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				9/17/01		134			1,379,232,888				0		0				0	0			0	0			0				0			0			0						220		349		7.64%		7.54%
					100.00%					99.66%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				8/17/01		134			1,379,993,206				0		0				0	0			0	0			0				0			0			0						221		350		7.64%		7.54%
					100.00%					99.71%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
		(1) PERCENTAGE BASED ON POOL AS OF CUTOFF. (2) PERCENTAGE BASED ON POOL AS OF BEGINNING OF PERIOD.
																												PAGE 8 OF 24
			01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

DELINQUENT LOAN DETAIL

DISCLOSURE

CONTROL #

PAID

THRU

DATE

CURRENT P&I

ADVANCE

OUTSTANDING

P&I

ADVANCES**

OUT. PROPERTY

PROTECTION

ADVANCES

ADVANCE

DESCRIPTION (1)

SPECIAL

SERVICER

TRANSFER DATE

FORECLOSURE

DATE

BANKRUPTCY

DATE

REO

DATE

133

11/11/01

6,033.05

0.00

134

11/11/01

5,139.55

0.00

TOTAL

11,172.60

A. P&I ADVANCE - LOAN IN GRACE PERIOD

1. P&I ADVANCE - LOAN DELINQ. 1 MONTH

3. P&I ADVANCE - LOAN DELINQUENT 3 + MONTHS

7. P &I ADVANCE (FORECLOSURE)

B. P&I ADVANCE - LATE PAYMENT BUT<1 MONTH DELINQ.

2. P&I ADVANCE - LOAN DELINQ. 2 MONTHS

4. MATURED BALLOON/ASSUMED SCHED. PAYMENT

9. P&I ADVANCE (REO)

** OUTSTANDING P&I ADVANCES INCLUDE THE CURRENT PERIOD P&I ADVANCE

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 9 OF 24

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

HISTORICAL COLLATERAL LEVEL PREPAYMENT REPORT

DISCLOSURE

CONTROL #

PAYOFF

PERIOD

INITIAL

BALANCE

TYPE

PAYOFF

AMOUNT

PENALTY

AMOUNT

PREPAYMENT

DATE

MATURITY

DATE

PROPERTY

TYPE

GEOGRAPHIC

LOCATION

CUMULATIVE

PAGE 10 OF 24

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.





		ABN AMRO
		LASALLE BANK
				N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*								STATEMENT DATE:				01/17/2002
													PAYMENT DATE:			01/17/2002
					*SERIES 2001-C3*								PRIOR PAYMENT:			12/17/2001
													NEXT PAYMENT:			02/15/2002
													RECORD DATE:			12/31/2001

					*ABN AMRO ACCT: 67-8753-50-0*
					*MORTGAGE LOAN CHARACTERISTICS*

	DISTRIBUTION OF PRINCIPAL BALANCES									DISTRIBUTION OF MORTGAGE INTEREST RATES



CURRENT SCHEDULED
BALANCE

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE

WEIGHTED AVERAGE
TERM COUPON PFY DSCR


		0							TO		2,000,000				22				31,133,432							2.26	%			108				7.62	%	0.00
		2,000,000							TO		4,000,000				35				104,902,442							7.63	%			153				7.53	%	0.00
		4,000,000							TO		6,000,000				28				138,209,140							10.05	%			114				7.45	%	0.00
		6,000,000							TO		8,000,000				10				71,042,270							5.16	%			149				7.51	%	0.00
		8,000,000							TO		10,000,000				8				69,476,765							5.05	%			140				7.43	%	0.00
		10,000,000							TO		15,000,000				13				158,610,993							11.53	%			154				7.63	%	0.00
		15,000,000							TO		20,000,000				6				102,976,178							7.49	%			223				7.54	%	0.00
		20,000,000							TO		50,000,000				8				260,308,327							18.92	%			245				7.74	%	0.00
		50,000,000							TO		100,000,000				3				259,016,793							18.83	%			258				7.12	%	0.00
		100,000,000							&		ABOVE				1				180,000,000							13.08	%			354				6.91	%	0.00




















												134					1,375,676,339					100.00		%
			AVERAGE SCHEDULE BALANCE														10,266,241
			MAXIMUM SCHEDULE BALANCE												180,000,000
			MINIMUM SCHEDULE BALANCE												498,056



CURRENT MORTGAGE
INTEREST RATE

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE

WEIGHTED AVERAGE
TERM COUPON PFY DSCR


									6.750%			TO		7.000%				5							380,980,296						27.69		%						280	6.87	%	0.00
									7.001%			TO		7.250%				24							147,015,023						10.69		%						78	7.16	%	0.00
									7.251%			TO		7.500%				38							292,185,678						21.24		%						167	7.38	%	0.00
				7.501%			TO		7.750%				31							189,852,911							13.80		%					194		7.66	%		0.00
				7.751%			TO		8.000%				24							247,597,554							18.00		%					261		7.90	%		0.00
				8.001%			TO		8.250%				4							52,722,523							3.83		%					249		8.11	%		0.00
			8.251%			TO		8.500%				4							38,882,330							2.83		%					307		8.29	%		0.00
			8.501%			TO		8.750%				2							16,484,901							1.20		%					96		8.66	%		0.00
			8.751%			TO		9.000%				0							0							0.00		%					0		0.00	%		0.00
			9.001%			TO		9.250%				0							0							0.00		%					0		0.00	%		0.00
			9.251%			TO		9.500%				0							0							0.00		%					0		0.00	%		0.00
			9.501%			TO		9.750%				0							0							0.00		%					0		0.00	%		0.00
			9.751%			&		ABOVE				0							0							0.00		%					0		0.00	%		0.00




													132					1,365,721,216							99.28			%
			MINIMUM MORTGAGE INTEREST RATE																			6.739%
			MAXIMUM MORTGAGE INTEREST RATE																			8.700%

























				DISTRIBUTION OF REMAINING TERM (BALLOON)




BALLOON
MORTGAGE LOANS

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE

WEIGHTED AVERAGE
TERM COUPON PFY DSCR


				0			TO		12					0			0					0.00				%			0				0.00	%		0.00
				13			TO		24					0			0					0.00				%			0				0.00	%		0.00
				25			TO		36					0			0					0.00				%			0				0.00	%		0.00
			37			TO		60					15			125,744,359					9.14				%			53				7.17	%		0.00
			61			TO		120					93			606,744,092					44.11				%			109				7.48	%		0.00
			121			TO		180					0			0					0.00				%			0				0.00	%		0.00
			181			TO		240					2			9,955,123					0.72				%			218				6.74	%		0.00
			241			&		ABOVE					24			633,232,765					46.03				%			351				7.41	%		0.00






											134							1,375,676,339				100.00			%
			MINIMUM REMAINING TERM													50
			MAXIMUM REMAINING TERM													354






	DISTRIBUTION OF REMAINING TERM (FULLY AMORTIZING)




FULLY AMORTIZING
MORTGAGE LOANS

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE

WEIGHTED AVERAGE
TERM COUPON PFY DSCR


			0		TO		60			0				0							0.00		%					0		0.00			%		0.00
			61		TO		120			0				0							0.00		%					0		0.00			%		0.00
			121		TO		180			0				0							0.00		%					0		0.00			%		0.00
			181		TO		240			0				0							0.00		%					0		0.00			%		0.00
			241		&		ABOVE			0				0							0.00		%					0		0.00			%		0.00
										0				0							0.00		%












	01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.													PAGE 11 OF 24





			ABN AMRO

			LASALLE BANK		N.A.
		*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*
		*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*							STATEMENT DATE:				01/17/2002
											PAYMENT DATE:			01/17/2002
				*SERIES 2001-C3*							PRIOR PAYMENT:			12/17/2001
											NEXT PAYMENT:			02/15/2002
											RECORD DATE:			12/31/2001

				*ABN AMRO ACCT: 67-8753-50-0*
				*MORTGAGE LOAN CHARACTERISTICS*

		DISTRIBUTION OF DSCR (PFY)							GEOGRAPHIC DISTRIBUTION



DEBT SERVICE
COVERAGE RATIO

# OF
LOANS

SCHEDULED
BALANCE

	% OF
BALANCE


WAMM WAC PFY DSCR


				LESS THAN ZERO								0		0				0.00	%			0		0.00	%	0.00
				0.001 0.750								0		0				0.00	%			0		0.00	%	0.00
				0.751 0.875								0		0				0.00	%			0		0.00	%	0.00
				0.876 1.000								0		0				0.00	%			0		0.00	%	0.00
				1.001 1.125								0		0				0.00	%			0		0.00	%	0.00
				1.126 1.250								0		0				0.00	%			0		0.00	%	0.00
				1.251 1.375								0		0				0.00	%			0		0.00	%	0.00
				1.376 1.500								0		0				0.00	%			0		0.00	%	0.00
				1.501 1.625								0		0				0.00	%			0		0.00	%	0.00
				1.626 1.750								0		0				0.00	%			0		0.00	%	0.00
				1.751 1.875								0		0				0.00	%			0		0.00	%	0.00
				1.876 2.000								0		0				0.00	%			0		0.00	%	0.00
				2.001 2.125								0		0				0.00	%			0		0.00	%	0.00
				2.126 2.250								0		0				0.00	%			0		0.00	%	0.00
				2.251 & ABOVE								0		0				0.00	%			0		0.00	%	0.00
				UNKNOWN								134		1,375,676,339				100.00	%			216		7.41	%	0.00
										134				1,375,676,339				100.00	%
			MAXIMUM DSCR			0.000
			MINIMUM DSCR				0.000



GEOGRAPHIC
LOCATION

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR



			NEW YORK			9					266,977,210				19.41		%			303		7.23	%		0.00
			CALIFORNIA			31					236,207,671				17.17		%			140		7.50	%		0.00
			TEXAS			14					177,321,852				12.89		%			256		7.13	%		0.00
			MASSACHUSETTS			5					120,080,663				8.73		%			108		6.99	%		0.00
			WASHINGTON			6					106,419,476				7.74		%			320		7.79	%		0.00
			VIRGINIA			4					91,975,066				6.69		%			193		7.47	%		0.00
			PENNSYLVANIA			3					52,994,660				3.85		%			279		7.30	%		0.00
			ARIZONA			6					44,527,534				3.24		%			282		8.09	%		0.00
			CMBS CERTIFICATE			3					35,766,260				2.60		%			354		8.04	%		0.00
			FLORIDA			8					30,833,152				2.24		%			191		7.54	%		0.00
			GEORGIA			5					28,156,167				2.05		%			88		7.43	%		0.00
			OHIO			4					22,693,535				1.65		%			111		7.25	%		0.00
			NORTH CAROLINA			4					19,622,456				1.43		%			111		7.47	%		0.00
			KANSAS			2					19,419,142				1.41		%			196		8.27	%		0.00
			MARYLAND			1					12,958,352				0.94		%			113		7.69	%		0.00
			TENNESSEE			2					10,256,988				0.75		%			113		7.51	%		0.00
			ILLINOIS			2					10,135,509				0.74		%			62		7.27	%		0.00
			CONNECTICUT			2					10,123,513				0.74		%			353		7.99	%		0.00
			OREGON			1					9,022,616				0.66		%			76		7.35	%		0.00
			LOUISIANA			4					8,868,317				0.64		%			112		7.38	%		0.00
			NEW JERSEY			2					8,694,891				0.63		%			215		7.57	%		0.00
			HIWAII			1					8,085,552				0.59		%			111		7.42	%		0.00
			MINNESOTA			1					7,901,447				0.57		%			108		7.84	%		0.00
			NEVEDA			2					5,862,088				0.43		%			95		7.15	%		0.00
			MICHIGAN			3					5,809,110				0.42		%			111		7.34	%		0.00
			COLORADO			2					5,723,125				0.42		%			112		7.61	%		0.00
			OKLAHOMA			1					4,132,865				0.30		%			113		7.78	%		0.00
			ALABAMA			1					3,457,636				0.25		%			109		7.50	%		0.00
			MISSISSIPPI			1					2,831,934				0.21		%			111		7.14	%		0.00
			MISSOURI			1					2,784,460				0.20		%			112		7.63	%		0.00
			SOUTH CAROLINA			1					2,589,380				0.19		%			113		7.82	%		0.00
			NEW HAMPSHIRE			1					2,313,977				0.17		%			112		7.70	%		0.00
			MAINE			1					1,129,737				0.08		%			112		8.50	%		0.00


















						134					1,375,676,339				100.00		%























		DISTRIBUTION OF DSCR (CUTOFF)



DEBT SERVICE
COVERAGE RATIO

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


					LESS THAN ZERO					0						0				0.00	%			0		0.00	%	0.00
					0.001 0.750					0						0				0.00	%			0		0.00	%	0.00
					0.751 0.875					0						0				0.00	%			0		0.00	%	0.00
					0.876 1.000					2						9,955,123				0.72	%			218		6.74	%	0.00
					1.001 1.125					0						0				0.00	%			0		0.00	%	0.00
					1.126 1.250					15						130,868,778				9.51	%			207		7.65	%	0.00
					1.251 1.375					70						509,822,954				37.06	%			172		7.49	%	0.00
					1.376 1.500					30						167,864,643				12.20	%			181		7.72	%	0.00
					1.501 1.625					9						141,944,156				10.32	%			289		7.20	%	0.00
					1.626 1.750					7						235,220,686				17.10	%			193		7.44	%	0.00
					1.751 1.875					0						0				0.00	%			0		0.00	%	0.00
					1.876 2.000					0						0				0.00	%			0		0.00	%	0.00
					2.001 2.125					0						0				0.00	%			0		0.00	%	0.00
					2.126 2.250					1						180,000,000				13.08	%			354		6.91	%	0.00
					2.251 & ABOVE					0						0				0.00	%			0		0.00	%	0.00
											134					1,375,676,339			100.00		%
				MAXIMUM DSCR		2.140
				MINIMUM DSCR			1.000


























		01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.						PAGE 12 OF 24





		ABN AMRO

		LASALLE BANK		N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*								STATEMENT DATE:				01/17/2002
														PAYMENT DATE:			01/17/2002
						*SERIES 2001-C3*								PRIOR PAYMENT:			12/17/2001
														NEXT PAYMENT:			02/15/2002
														RECORD DATE:			12/31/2001

						*ABN AMRO ACCT: 67-8753-50-0*
						*MORTGAGE LOAN CHARACTERISTICS*

	DISTRIBUTION OF PROPERTY TYPES											DISTRIBUTION OF LOAN SEASONING


									PROPERTY TYPES
# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


		RETAIL				56				583,550,901							42.42		%					193		7.30	%		0.00
		OFFICE				27				493,409,936							35.87		%					289		7.48	%		0.00
		MULTIFAMILY				22				137,004,900							9.96		%					128		7.43	%		0.00
		LODGING				6				49,335,955							3.59		%					110		7.70	%		0.00
		INDUSTRIAL				9				48,405,496							3.52		%					82		7.40	%		0.00
		SELF STORAGE				2				29,885,922							2.17		%					354		8.08	%		0.00
		MOBILE HOME PARK				9				20,396,476							1.48		%					111		7.52	%		0.00
		OTHER				2				9,955,123							0.72		%					218		6.74	%		0.00
		MIXED USE				1				3,731,630							0.27		%					112		7.58	%		0.00












							134			1,375,676,339						100.00			%




NUMBER OF MONTHS

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


			0		TO		12				0				0				0.00		%				0			0.00	%	0.00
			13		TO		24				0				0				0.00		%				0			0.00	%	0.00
			25		TO		36				0				0				0.00		%				0			0.00	%	0.00
			37		TO		48				0				0				0.00		%				0			0.00	%	0.00
			49		TO		60				0				0				0.00		%				0			0.00	%	0.00
			61		TO		72				0				0				0.00		%				0			0.00	%	0.00
			73		TO		84				0				0				0.00		%				0			0.00	%	0.00
			85		TO		96				0				0				0.00		%				0			0.00	%	0.00
			97		TO		108				0				0				0.00		%				0			0.00	%	0.00
			109		TO		120				0				0				0.00		%				0			0.00	%	0.00
			121		OR		MORE				0				0				0.00		%				0			0.00	%	0.00








											0					0				0.00		%























	DISTRIBUTION OF AMORTIZATION TYPE										DISTRIBUTION OF YEAR LOANS MATURING


								AMORTIZATION TYPE
# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


								AMORTIZINGBALLOON						133				1,195,676,339					86.92		%			195			7.49	%	0.00
								IO/AMORTIZING/BALLOON						1				180,000,000					13.08		%			354			6.91	%	0.00


























									134				1,375,676,339			100.00			%




YEAR

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


			2002					0			0				0.00		%			0				0.00	%	0.00
			2003					0			0				0.00		%			0				0.00	%	0.00
			2004					0			0				0.00		%			0				0.00	%	0.00
			2005					0			0				0.00		%			0				0.00	%	0.00
			2006					15			125,744,359				9.14		%			53				7.17	%	0.00
			2007					0			0				0.00		%			0				0.00	%	0.00
			2008					5			27,706,059				2.01		%			75				7.36	%	0.00
			2009					1			4,632,748				0.34		%			95				8.55	%	0.00
			2010					3			14,015,276				1.02		%			98				8.56	%	0.00
			2011					84			560,390,008				40.74		%			111				7.45	%	0.00
			2012					0			0				0.00		%			0				0.00	%	0.00
			2013 & GREATER					26			643,187,888				46.75		%			349				7.40	%	0.00



								134			1,375,676,339			100.00			%
























								PAGE 13 OF 24
	01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.





		ABN AMRO

		LASALLE BANK	N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3*
														STATEMENT DATE:			01/17/2002
						*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*											PAYMENT DATE:			01/17/2002
						*SERIES 2001-C3*											PRIOR PAYMENT:				12/17/2001
															NEXT PAYMENT:			02/15/2002
															RECORD DATE:				12/31/2001

						*ABN AMRO ACCT: 67-8753-50-0*

						*LOAN LEVEL DETAIL*




DISCLOSURE
CONTROL #



GROUP


PROPERTY
TYPE


MATURITY
DATE


PFY
DSCR

OPERATING
STATEMENT
DATE


		GEO. LOCATION

ENDING
PRINCIPAL
BALANCE


NOTE
RATE


SCHEDULED
P&I


PREPAYMENT
AMOUNT


PREPAYMENT
DATE

LOAN
STATUS
CODE (1)



				1	LUBS1C3C		OFFICE	7/11/31	0.00	NY	180,000,000	6.91000%	1,071,050			0
				2	LUBS1C3C		RETAIL	3/11/11	0.00	MA	99,240,660	6.79700%	651,725			0
				3	LUBS1C3C		RETAIL	4/11/31	0.00	TX	89,303,026	6.87000%	590,935			0
				4	LUBS1C3C		OFFICE	2/11/31	0.00	WA	70,473,107	7.89000%	515,539			0
				5	LUBS1C3C		RETAIL	5/11/11	0.00	NY	43,310,396	8.00000%	319,188			0
				6	LUBS1C3C		OFFICE	5/11/31	0.00	VA	40,812,500	7.83000%	295,999			0
				7	LUBS1C3C		MULTIFAMILY	6/11/06	0.00	VA	39,307,834	7.15000%	266,786			0
				8	LUBS1C3C		RETAIL	3/11/31	0.00	PA	37,249,702	7.31000%	257,344			0
				9	LUBS1C3C		OFFICE	12/11/30	0.00	AZ	32,267,725	8.29000%	245,076			0
				10	LUBS1C3C		OFFICE	12/11/30	0.00	WA	23,083,886	7.75000%	166,745			0
				11	LUBS1C3C		MULTIFAMILY	6/11/31	0.00	CA	22,134,458	7.63000%	157,419			0
				12	LUBS1C3C		OFFICE	4/11/11	0.00	CA	22,141,825	8.15000%	165,595			0
				13	LUBS1C3C		LODGING	4/11/11	0.00	TX	18,571,834	7.47600%	138,268			0
				14	LUBS1C3C		RETAIL	6/11/31	0.00	NY	17,928,061	7.90000%	130,825			0
				15	LUBS1C3C		RETAIL	5/11/11	0.00	CA	17,509,522	7.40000%	121,859			0
				16	LUBS1C3C		RETAIL	4/11/31	0.00	TX	17,144,421	7.28000%	118,027			0
				17	LUBS1C3C		SELF STORAGE	7/11/31	0.00		16,422,314	8.08000%	121,882			0
				18	LUBS1C3C		INDUSTRIAL	4/11/06	0.00	CA	15,400,026	7.07000%	103,852			0
				19	LUBS1C3C		RETAIL	6/11/11	0.00	PA	13,932,404	7.18000%	94,841			0
				20	LUBS1C3C		RETAIL	6/11/11	0.00	CA	13,641,896	7.68000%	97,487			0
				21	LUBS1C3C		SELF STORAGE	7/11/31	0.00		13,463,608	8.08000%	99,923			0
				22	LUBS1C3C		INDUSTRIAL	6/11/11	0.00	MD	12,958,352	7.69000%	98,057			0
				23	LUBS1C3C		OFFICE	5/11/06	0.00	CA	12,681,997	7.26000%	87,064			0
				24	LUBS1C3C		OFFICE	4/11/11	0.00	TX	12,524,812	7.38000%	87,068			0
				25	LUBS1C3C		RETAIL	5/11/28	0.00	FL	12,474,831	7.49000%	90,441			0
				26	LUBS1C3C		MULTIFAMILY	1/1/10	0.00	KS	11,852,153	8.70000%	93,976			0
				27	LUBS1C3C		LODGING	1/1/11	0.00	MA	11,654,634	7.84000%	89,827			0
				28	LUBS1C3C		RETAIL	6/11/11	0.00	CA	11,252,075	7.68000%	80,409			0
				29	LUBS1C3C		OFFICE	6/11/06	0.00	GA	11,149,142	7.42000%	77,699			0
				30	LUBS1C3C		RETAIL	4/11/31	0.00	CA	10,638,086	7.50000%	74,816			0
				31	LUBS1C3C		RETAIL	4/11/11	0.00	TX	10,387,004	7.34000%	71,926			0
				32	LUBS1C3C		OFFICE	6/11/31	0.00	NY	9,510,248	7.75000%	68,417			0
				33	LUBS1C3C		RETAIL	4/11/11	0.00	VA	9,442,002	7.29000%	65,065			0
				34	LUBS1C3C		RETAIL	5/11/08	0.00	OR	9,022,616	7.35000%	66,363			0
				35	LUBS1C3C		RETAIL	5/11/11	0.00	OH	8,527,941	7.15000%	57,916			0
				36	LUBS1C3C		OFFICE	5/11/11	0.00	CA	8,502,831	7.65000%	61,331			0
				37	LUBS1C3C		RETAIL	5/11/11	0.00	NC	8,347,665	7.47000%	58,492			0
				38	LUBS1C3C		RETAIL	4/11/11	0.00	HI	8,085,552	7.42000%	58,307			0
				39	LUBS1C3C		RETAIL	5/11/11	0.00	GA	8,037,910	7.35000%	55,669			0
				40	LUBS1C3C		LODGING	1/1/11	0.00	MN	7,901,447	7.84000%	60,900			0
				41	LUBS1C3C		RETAIL	6/11/11	0.00	CA	7,667,343	7.68000%	54,792			0
				42	LUBS1C3C		OFFICE	6/11/31	0.00	KS	7,566,989	7.59000%	53,609			0
				43	LUBS1C3C		RETAIL	3/11/11	0.00	OH	7,498,822	7.25000%	51,504			0
				44	LUBS1C3C		MULTIFAMILY	6/11/06	0.00	CA	7,362,624	7.00000%	49,232			0
				45	LUBS1C3C		RETAIL	6/11/11	0.00	CA	6,930,482	7.68000%	49,526			0
				46	LUBS1C3C		OFFICE	4/11/08	0.00	CA	6,807,862	7.26000%	46,776			0
				47	LUBS1C3C		OFFICE	3/11/11	0.00	CA	6,754,613	7.31000%	46,665			0
				48	LUBS1C3C		MULTIFAMILY	7/11/11	0.00	TN	6,276,583	7.46000%	43,878			0
				49	LUBS1C3C		OFFICE	6/11/31	0.00	CT	6,275,505	8.00000%	46,227			0
				50	LUBS1C3C		RETAIL	6/11/11	0.00	CA	5,974,553	7.68000%	42,695			0
				51	LUBS1C3C		RETAIL	2/11/11	0.00	OH	5,902,184	7.25000%	40,589			0
				52	LUBS1C3C		RETAIL	7/11/31	0.00		5,880,338	7.86000%	42,728			0
				53	LUBS1C3C		RETAIL	4/11/11	0.00	NC	5,566,753	7.40000%	38,773			0
				54	LUBS1C3C		OFFICE	5/11/11	0.00	CA	5,500,155	7.89000%	40,118			0
				55	LUBS1C3A		OTHER	3/10/20	0.00	CA	5,396,235	6.73900%	39,924			0
				56	LUBS1C3C		MULTIFAMILY	3/11/11	0.00	NY	5,366,236	7.31000%	39,422			0
				57	LUBS1C3C		MULTIFAMILY	7/11/06	0.00	TX	5,228,736	7.14000%	35,423			0
				58	LUBS1C3C		MULTIFAMILY	7/11/06	0.00	CA	5,178,379	7.04000%	34,736			0
				59	LUBS1C3C		OFFICE	6/11/11	0.00	FL	5,127,036	7.49000%	35,974			0
				60	LUBS1C3C		RETAIL	6/11/11	0.00	CA	5,098,285	7.68000%	36,433			0
				61	LUBS1C3C		RETAIL	6/11/06	0.00	IL	5,073,985	6.96000%	33,794			0
				62	LUBS1C3C		RETAIL	1/11/08	0.00	IL	5,061,524	7.58000%	35,989			0
				63	LUBS1C3C		MOBILE HOME PARK	3/11/11	0.00	WA	5,015,416	7.21000%	34,313			0
				64	LUBS1C3C		RETAIL	4/11/11	0.00	NJ	4,970,126	7.37500%	34,534			0
				65	LUBS1C3C		RETAIL	6/11/11	0.00	CA	4,754,046	7.53000%	51,786			0
				66	LUBS1C3C		RETAIL	6/11/11	0.00	FL	4,780,394	7.82000%	34,620			0
				67	LUBS1C3C		LODGING	6/11/11	0.00	NY	4,720,279	8.27000%	37,515			0
				68	LUBS1C3C		RETAIL	5/11/11	0.00	GA	4,701,728	7.56000%	33,232			0
				69	LUBS1C3C		OFFICE	12/1/09	0.00	MA	4,632,748	8.55000%	36,267			0
				70	LUBS1C3C		INDUSTRIAL	3/1/06	0.00	CA	4,594,289	7.33000%	31,802			0
				71	LUBS1C3B		OTHER	3/10/20	0.00	CA	4,558,888	6.73900%	33,729			0
				72	LUBS1C3C		MULTIFAMILY	3/11/11	0.00	NV	4,369,403	7.15000%	29,718			0
				73	LUBS1C3C		MULTIFAMILY	6/11/06	0.00	CA	4,279,499	7.23000%	29,275			0
				74	LUBS1C3C		RETAIL	5/11/11	0.00	NC	4,239,690	7.50000%	31,592			0
				75	LUBS1C3C		INDUSTRIAL	6/11/11	0.00	OK	4,132,865	7.78000%	29,817			0
				76	LUBS1C3C		OFFICE	6/11/06	0.00	TX	4,081,622	7.47000%	28,584			0
				77	LUBS1C3C		INDUSTRIAL	4/1/06	0.00	CA	4,023,748	7.05000%	27,081			0
				78	LUBS1C3C		MULTIFAMILY	5/11/11	0.00	TN	3,980,405	7.58000%	28,188			0
				79	LUBS1C3C		OFFICE	5/11/31	0.00	CT	3,848,009	7.97000%	28,279			0
				80	LUBS1C3C		MULTIFAMILY	5/11/31	0.00	NY	3,780,153	7.34000%	26,155			0
				81	LUBS1C3C		MIXED USE	5/11/11	0.00	CO	3,731,630	7.58000%	26,426			0
				82	LUBS1C3C		RETAIL	6/11/31	0.00	NJ	3,724,765	7.83000%	27,001			0
				83	LUBS1C3C		OFFICE	5/11/08	0.00	MA	3,531,750	7.40000%	24,579			0
				84	LUBS1C3C		OFFICE	2/11/11	0.00	AL	3,457,636	7.50000%	25,865			0
				85	LUBS1C3C		MULTIFAMILY	3/11/11	0.00	TX	3,426,674	7.26000%	23,558			0
				86	LUBS1C3C		RETAIL	5/11/31	0.00	TX	3,284,569	7.75000%	23,642			0
				87	LUBS1C3C		OFFICE	5/11/11	0.00	CA	3,283,878	7.59000%	23,278			0
				88	LUBS1C3C		RETAIL	5/11/08	0.00	FL	3,282,307	7.24000%	22,489			0
				89	LUBS1C3C		OFFICE	5/11/06	0.00	CA	3,281,983	7.17000%	22,333			0
				90	LUBS1C3C		LODGING	4/11/11	0.00	AZ	3,268,643	7.47600%	24,335			0
				91	LUBS1C3C		LODGING	4/11/11	0.00	TX	3,219,118	7.47600%	23,967			0
				92	LUBS1C3C		RETAIL	3/11/11	0.00	AZ	3,068,178	7.59000%	23,091			0
				93	LUBS1C3C		RETAIL	4/11/11	0.00	MI	3,031,892	7.40000%	21,118			0
				94	LUBS1C3C		MOBILE HOME PARK	4/11/11	0.00	WA	3,031,001	7.21000%	20,724			0
				95	LUBS1C3C		RETAIL	5/11/31	0.00	CA	2,986,924	8.00000%	22,013			0
				96	LUBS1C3C		RETAIL	2/11/31	0.00	CA	2,979,541	7.95000%	21,908			0
				97	LUBS1C3C		MOBILE HOME PARK	5/11/11	0.00	LA	2,965,559	7.62000%	21,082			0
				98	LUBS1C3C		MULTIFAMILY	5/11/11	0.00	TX	2,880,292	7.48000%	20,863			0
				99	LUBS1C3C		RETAIL	4/11/11	0.00	MS	2,831,934	7.14000%	19,230			0
				100	LUBS1C3C		RETAIL	6/11/11	0.00	WA	2,780,105	7.63000%	20,929			0
				101	LUBS1C3C		RETAIL	5/11/11	0.00	MO	2,784,460	7.62500%	19,804			0
				102	LUBS1C3C		RETAIL	4/11/11	0.00	LA	2,682,885	7.14000%	18,218			0
				103	LUBS1C3C		MULTIFAMILY	7/11/06	0.00	TX	2,607,811	7.14000%	18,788			0
				104	LUBS1C3C		RETAIL	6/11/11	0.00	SC	2,589,380	7.82000%	18,753			0
				105	LUBS1C3C		MOBILE HOME PARK	5/11/11	0.00	TX	2,480,831	7.87500%	19,089			0
				106	LUBS1C3C		RETAIL	3/11/11	0.00	FL	2,484,454	7.58000%	17,618			0
				107	LUBS1C3C		RETAIL	5/11/11	0.00	VA	2,412,731	7.46000%	16,890			0
				108	LUBS1C3C		RETAIL	4/11/11	0.00	AZ	2,385,125	7.23000%	16,340			0
				109	LUBS1C3C		OFFICE	5/11/11	0.00	NH	2,313,977	7.70000%	16,576			0
				110	LUBS1C3C		INDUSTRIAL	4/11/11	0.00	GA	2,286,777	7.52500%	16,121			0
				111	LUBS1C3C		OFFICE	6/11/11	0.00	TX	2,181,103	7.84000%	15,826			0
				112	LUBS1C3C		MOBILE HOME PARK	3/11/11	0.00	WA	2,035,961	7.21000%	13,929			0
				113	LUBS1C3C		INDUSTRIAL	6/11/11	0.00	CO	1,991,495	7.67000%	14,218			0
				114	LUBS1C3C		MULTIFAMILY	3/11/11	0.00	CA	1,986,373	7.23000%	13,616			0
				115	LUBS1C3C		RETAIL	4/11/11	0.00	GA	1,980,611	7.37000%	14,611			0
				116	LUBS1C3C		INDUSTRIAL	6/11/11	0.00	AZ	1,875,267	7.80000%	13,555			0
				117	LUBS1C3C		MULTIFAMILY	2/11/11	0.00	PA	1,812,554	7.95000%	13,328			0
				118	LUBS1C3C		MOBILE HOME PARK	5/11/11	0.00	LA	1,754,223	7.52000%	12,351			0
				119	LUBS1C3C		RETAIL	5/11/11	0.00	AZ	1,662,596	7.94000%	12,184			0
				120	LUBS1C3C		OFFICE	5/11/11	0.00	CA	1,616,996	7.56000%	11,429			0
				122	LUBS1C3C		RETAIL	4/11/11	0.00	MI	1,510,299	7.40000%	11,171			0
				123	LUBS1C3C		MULTIFAMILY	6/11/06	0.00	NV	1,492,684	7.14000%	10,121			0
				124	LUBS1C3C		RETAIL	4/11/11	0.00	FL	1,491,298	7.49000%	10,478			0
				125	LUBS1C3C		MULTIFAMILY	12/11/10	0.00	NC	1,468,347	7.59000%	10,447			0
				126	LUBS1C3C		RETAIL	4/11/11	0.00	LA	1,465,650	7.14000%	9,952			0
				127	LUBS1C3C		RETAIL	4/11/11	0.00	CA	1,288,257	7.90000%	9,412			0
				128	LUBS1C3C		RETAIL	4/11/11	0.00	MI	1,266,918	7.14000%	8,603			0
				129	LUBS1C3C		MOBILE HOME PARK	5/11/11	0.00	NY	1,219,160	7.68000%	8,717			0
				130	LUBS1C3C		INDUSTRIAL	3/11/11	0.00	NY	1,142,676	7.49000%	8,033			0
				131	LUBS1C3C		MOBILE HOME PARK	5/11/11	0.00	ME	1,129,737	8.50000%	8,719			0
				132	LUBS1C3C		MULTIFAMILY	6/11/11	0.00	MA	1,020,870	7.87000%	7,428			0
				133	LUBS1C3C		MOBILE HOME PARK	5/11/11	0.00	OH	764,588	8.30000%	6,097			0						1
				134	LUBS1C3C		MULTIFAMILY	12/11/10	0.00	FL	694,776	8.12500%	5,197			0						1
				135	LUBS1C3C		MULTIFAMILY	6/11/11	0.00	FL	498,056	8.00000%	3,669			0

1,375,676,339

9,549,119

* NOI AND DSCR, IF AVAILABLE AND REPORTABLE UNDER THE TERMS OF THE TRUST AGREEMENT, ARE BASED ON INFORMATION OBTAINED FROM THE RELATED BORROWER, AND NO OTHER PARTY TO THE AGREEMENT SHALL BE HELD LIABLE FOR THE

ACCURACY OR METHODOLOGY USED TO DETERMINE SUCH FIGURES.

(1) LEGEND:

A. P&I ADV - IN GRACE PERIOD

1. P&I ADV - DELINQUENT 1 MONTH

3. P&I ADV - DELINQUENT 3+ MONTHS

7. FORECLOSURE

B. P&I ADV -<ONE MONTH DELINQ

2. P&I ADV - DELINQUENT 2 MONTHS

4. MAT. BALLOON/ASSUMED P&I

9. REO

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 14 OF 24

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

SPECIALLY SERVICED (PART I) ~ LOAN DETAIL

GEO.

LOCATION

NOI

DSCR

DISCLOSURE

CONTROL #

SERVICING

XFER DATE

BALANCE

NOTE

RATE

MATURITY

DATE

REMAINING

PROPERTY

TYPE

NOI

DATE

SCHEDULE

ACTUAL

LIFE

AMORT.

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 20 OF 24

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS

DISCLOSURE

CONTROL #

RESOLUTION

STRATEGY

COMMENTS

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 21 OF 24

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

MODIFIED LOAN DETAIL

CUTOFF

MATURITY

DATE

MODIFIED

MATURITY

DATE

DISCLOSURE

CONTROL #

MODIFICATION

DATE

MODIFICATION

DESCRIPTION

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 22 OF 24

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

REALIZED LOSS DETAIL

BEGINNING

SCHEDULED

BALANCE

GROSS PROCEEDS

AS A % OF

SCHED. BALANCE

AGGREGATE

LIQUIDATION

EXPENSES *

NET

LIQUIDATION

PROCEEDS

NET PROCEEDS

AS A % OF

SCHED. BALANCE

PERIOD

DISCLOSURE

CONTROL #

APPRAISAL

DATE

APPRAISAL

VALUE

GROSS

PROCEEDS

REALIZED

LOSS

CURRENT TOTAL

CUMULATIVE

* AGGREGATE LIQUIDATION EXPENSES ALSO INCLUDE OUTSTANDING P&I ADVANCES AND UNPAID SERVICING FEES, UNPAID TRUSTEE FEES, ETC..

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 23 OF 24

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2001-C3

STATEMENT DATE:

01/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

01/17/2002

SERIES 2001-C3

PRIOR PAYMENT:

12/17/2001

NEXT PAYMENT:

02/15/2002

RECORD DATE:

12/31/2001

ABN AMRO ACCT: 67-8753-50-0

APPRAISAL REDUCTION DETAIL

DISCLOSURE

CONTROL#

APPRAISAL

RED. DATE

SCHEDULED

BALANCE

REDUCTION

AMOUNT

NOTE

RATE

MATURITY

DATE

REMAINING TERM

LIFE AMORT.

PROPERTY

TYPE

GEOGRAPHIC

LOCATION

DSCR

APPRAISAL

VALUE DATE

01/15/2002 - 10:52 (F911-F938) 2002 LASALLE BANK N.A.

PAGE 24 OF 24

LB UBS COMMERCIAL MORTGAGE TRUST 2001 C3 8-K