8-K 1 lubs02c1_200205.htm MONTHLY DISTRIBUTION STATEMENT 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: April 2, 2002
(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)
333-73338 (Commission File No.)
74-2440858 (I.R.S. Employer Identification No.)

745 Seventh Avenue, New York, New York 10019
(Address of principal executive offices) (Zip Code)

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

101 Hudson Street, Jersey City, New Jersey 07302
(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 2002-C1,Commercial Mortgage Pass-Through
Certificates, Series 2002-C1 which was made on
May 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 4.01 of the Pooling and Servicing Agreement
for the distribution on May 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

May 17, 2002

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

ADMINISTRATOR:

REPORTING PACKAGE TABLE OF CONTENTS

ANALYST:

NICK XEROS (312) 904-0708

YUAN LI 714-238-6741

NICK.XEROS@ABNAMRO.COM

YUAN.LI@ABNAMRO.COM

PAGE(S)

ISSUE ID:

LUBS02C1

CLOSING DATE:

4/2/2002

DISCLOSURE STATEMENT - LUBS02C1

PAGE 2

STATEMENTS TO CERTIFICATEHOLDERS

PAGE 3-5

FIRST PAYMENT DATE:

4/17/2002

MONTHLY DATA FILE NAME:

CASH RECONCILIATION SUMMARY

PAGE 6

ASSUMED FINAL PAYMENT: DATE:

3/17/2034

LUBS02C1_200205_3.ZIP

BOND INTEREST RECONCILIATION

PAGE 7

ASSET-BACKED FACTS ~ 15 MONTH LOAN STATUS SUMMARY

PAGE 8

ASSET-BACKED FACTS ~ 15 MONTH PAYOFF/LOSS SUMMARY

PAGE 9

DELINQUENT LOAN DETAIL

PAGE 10

HISTORICAL COLLATERAL PREPAYMENT

PAGE 11

LOAN LEVEL DETAIL

PAGE 12-17

SPECIALLY SERVICED (PART I) ~ LOAN DETAIL

PAGE 18

SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS

PAGE 19

MODIFIED LOAN DETAIL

PAGE 20

REALIZED LOSS DETAIL

PAGE 21

APPRAISAL REDUCTION DETAIL

PAGE 22

PARTIES TO THE TRANSACTION

DEPOSITOR: STRUCTURED ASSET SECURITIES CORPORATION

UNDERWRITER: LEHMAN BROTHERS, INC./UBS WARBURG

MASTER SERVICER: WACHOVIA BANK, NATIONAL ASSOCIATION

SPECIAL SERVICER: LENNAR PARTNERS, INC.

RATING AGENCY: MOODY'S INVESTORS SERVICE, INC./STANDARD & POOR'S CORPORATION

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

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 1 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

STATEMENT DATE:

05/17/2002

SERIES 2002-C1

PAYMENT DATE:

05/17/2002

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

DISCLOSURE

UNTIL THIS STATEMENT/REPORT IS FILED WITH THE COMMISSION WITH RESPECT TO THE TRUST PURSUANT TO SECTION 15 (D)

OF THE SECURITIES EXCHANGE ACT OF 1934, AS AMENDED, THE RECIPIENT HEREOF SHALL BE DEEMED TO KEEP THE

INFORMATION CONTAINED HEREIN CONFIDENTIAL AND SUCH INFORMATION WILL NOT, WITHOUT THE PRIOR CONSENT OF THE

MASTER SERVICER OR THE TRUSTEE, BE DISCLOSED BY SUCH RECIPIENT OR BY ITS OFFICERS, DIRECTORS, PARTNERS,

EMPLOYEES, AGENTS OR REPRESENTATIVES IN ANY MANNER WHATSOEVER, IN WHOLE OR IN PART.

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 2 OF 22





	ABN AMRO

	LASALLE BANK		N.A.
*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*

										*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																											STATEMENT DATE:							05/17/2002

										*SERIES 2002-C1*																											PAYMENT DATE:					05/17/2002

WAC:						7.158603%																															PRIOR PAYMENT:						04/17/2002
																																		NEXT PAYMENT:						06/17/2002
WAMM:						201
																																		RECORD DATE:							04/30/2002
										*REMIC III*
										*ABN AMRO ACCT: 67-8970-30-2*


									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						120,000,000.00					119,119,086.86					1,124,451.82			0.00			0.00				117,994,635.04				536,135.16					0.00			5.40100000%
	52108HJE5													992.659057167			9.370431833			0.000000000			0.000000000				983.288625333					4.467793000				0.000000000					FIXED

	A-2						176,000,000.00					176,000,000.00					0.00			0.00			0.00				176,000,000.00				875,453.33					0.00			5.96900000%
	52108HJF2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					4.974166648				0.000000000					FIXED

	A-3						242,000,000.00					242,000,000.00					0.00			0.00			0.00				242,000,000.00				1,255,576.67					0.00			6.22600000%
	52108HJH8													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.188333347				0.000000000					FIXED

	A-4						457,847,000.00					457,847,000.00					0.00			0.00			0.00				457,847,000.00				2,465,506.10					0.00			6.46200000%
	52108HJJ4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.385000011				0.000000000					FIXED

	B						48,162,000.00					48,162,000.00					0.00			0.00			0.00				48,162,000.00				263,887.63					0.00			6.57500000%
	52108HJK1													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.479166770				0.000000000					6.575000000%

	C						18,643,000.00					18,643,000.00					0.00			0.00			0.00				18,643,000.00				103,359.90					0.00			6.65300000%
	52108HJL9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.544166711				0.000000000					6.653000000%

	D						10,875,000.00					10,875,000.00					0.00			0.00			0.00				10,875,000.00				60,564.69					0.00			6.68300000%
	52108HJM7													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.569166897				0.000000000					6.683000000%

	E						18,643,000.00					18,643,000.00					0.00			0.00			0.00				18,643,000.00				103,965.80					0.00			6.69200000%
	52108HJN5													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.576666845				0.000000000					6.692000000%

	F						24,857,000.00					24,857,000.00					0.00			0.00			0.00				24,857,000.00				139,634.20					0.00			6.74100000%
	52108HJP0													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.617500101				0.000000000					6.741000000%

	X-CL						1,242,867,924.00				N	1,241,987,010.86					0.00			0.00			0.00				1,240,862,559.04				319,240.01					0.00			0.30844768%
	52108HJA3/U51394BC4/52108HJB1													999.291225461			0.000000000			0.000000000			0.000000000				998.386501959					0.256857550				0.000000000					0.545734351%

	X-CP						968,836,888.00				N	968,836,888.00					0.00			0.00			0.00				968,836,888.00				524,216.46					0.00			0.64929377%
	52108HJC9/U51394BD2/52108HJD7													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					0.541078139				0.000000000					0.649263767%

	G						20,197,000.00					20,197,000.00					0.00			0.00			0.00				20,197,000.00				116,974.29					0.00			6.95000000%
	52108HHC1/U51394BE0/52108HHD9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.791666584				0.000000000					6.950000000%

	H						18,643,000.00					18,643,000.00					0.00			0.00			0.00				18,643,000.00				107,974.04					0.00			6.95000000%
	52108HHE7/U51394BF7/52108HHF4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.791666577				0.000000000					6.950000000%

	J						17,089,000.00					17,089,000.00					0.00			0.00			0.00				17,089,000.00				98,973.79					0.00			6.95000000%
	52108HHG2/U51394BG5/52108HHH0													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.791666569				0.000000000					6.950000000%

	K						12,429,000.00					12,429,000.00					0.00			0.00			0.00				12,429,000.00				66,578.01					0.00			6.42800000%
	52108HHJ6/U51394BH3/52108HHK3													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356666667				0.000000000					6.428000000%

	L						13,982,000.00					13,982,000.00					0.00			0.00			0.00				13,982,000.00				74,896.91					0.00			6.42800000%
	52108HHL1/U51394BJ9/52108HHM9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356666428				0.000000000					6.428000000%

	M						6,214,000.00					6,214,000.00					0.00			0.00			0.00				6,214,000.00				33,286.33					0.00			6.42800000%
	52108HHN7/U51394BK6/52108HHP2													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356667203				0.000000000					6.428000000%

	N						6,215,000.00					6,215,000.00					0.00			0.00			0.00				6,215,000.00				33,291.68					0.00			6.42800000%
	52108HHQ0/52108HHR8													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356666130				0.000000000					6.428000000%

	P						6,214,000.00					6,214,000.00					0.00			0.00			0.00				6,214,000.00				33,286.33					0.00			6.42800000%
	52108HHS6/52108HHT4													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356667203				0.000000000					6.428000000%

	Q						4,661,000.00					4,661,000.00					0.00			0.00			0.00				4,661,000.00				24,967.42					0.00			6.42800000%
	52108HHU1/52108HHV9													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356665952				0.000000000					6.428000000%

	S						3,107,000.00					3,107,000.00					0.00			0.00			0.00				3,107,000.00				16,643.16					0.00			6.42800000%
	52108HHW7/52108HHX5													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.356665594				0.000000000					6.428000000%

	T						17,089,924.00					17,089,924.00					0.00			0.00			0.00				17,089,924.00				91,466.13					(78.90)			6.42800000%
	52108HHY3/52108HHZ0													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.352050132				(0.004616755)					6.428000000%

	RIII						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00			N/A
	9ABSH438													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000

	RI						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00			0.00000000%
	9ABSH436													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000					N/A

	RII						0.00					0.00					0.00			0.00			0.00				0.00				0.00					0.00			N/A
	9ABSH437													0.000000000			0.000000000			0.000000000			0.000000000				0.000000000					0.000000000				0.000000000



		TOTAL			1,242,867,924.00								1,241,987,010.86				1,124,451.82			0.00			0.00				1,240,862,559.04				7,345,878.04					(78.90)

																										TOTAL P&I PAYMENT				8,470,329.86


	V-CERT			0.00	G	0.00			0.00	0.00	0.00		0.00		0.00		0.00		N/A
	9ABSH435							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
05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.																		PAGE 3 OF 22





		ABN AMRO

		LASALLE BANK	N.A.
		*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
		*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																												STATEMENT DATE:					05/17/2002
					*SERIES 2002-C1*																																PAYMENT DATE:		05/17/2002
																												PRIOR PAYMENT:				04/17/2002
																												NEXT PAYMENT:					06/17/2002
																												RECORD DATE:						04/30/2002
					*ABN AMRO ACCT: 67-8970-30-2*


*CASH RECONCILIATION SUMMARY*



				INTEREST SUMMARY										SERVICING FEE SUMMARY																								PRINCIPAL SUMMARY
				CURRENT SCHEDULED INTEREST				7,323,525.98						CURRENT SERVICING FEES									60,570.97															SCHEDULED:
				LESS DEFERRED INTEREST				0.00						PLUS FEES ADVANCED FOR PPIS									0.00															CURRENT SCHEDULED PRINCIPAL					1,112,475.53
				PLUS ADVANCE INTEREST				84,761.40						LESS REDUCTION FOR PPIS									0.00															ADVANCED SCHEDULED PRINCIPAL					11,976.36
				PLUS UNSCHEDULED INTEREST				0.00						PLUS DELINQUENT SERVICING FEES										789.69														SCHEDULED PRINCIPAL DISTRIBUTION					1,124,451.89
				PPIS REDUCING SCHEDULED INTEREST				0.00						TOTAL SERVICING FEES									61,360.66															UNSCHEDULED:
				LESS TOTAL FEES PAID TO SERVICER				(60,649.87)																														CURTAILMENTS					(0.07)
				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				7,347,637.51							REDUCED BY SHORTFALLS IN FEES								0.00															UNSCHEDULED PRINCIPAL DISTRIBUTION					(0.07)
				LESS TRUSTEE FEE				(1,759.48)							REDUCED BY OTHER AMOUNTS								0.00															REMITTANCE PRINCIPAL					1,124,451.82
				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					8,472,089.33
				LESS INTEREST RESERVE WITHHOLDING						0.00				PPIS ALLOCATED TO CERTIFICATES									0.00
				PLUS INTEREST RESERVE DEPOSIT					0.00
				REMITTANCE INTEREST				7,345,878.03								POOL BALANCE SUMMARY
																								BALANCE/AMOUNT					COUNT
														BEGINNING POOL									1,241,987,011.77								147
														SCHEDULED PRINCIPAL DISTRIBUTION									1,124,451.89
														UNSCHEDULED PRINCIPAL DISTRIBUTION							(0.07)															0
														DEFERRED INTEREST							0.00
														LIQUIDATIONS							0.00																0
														REPURCHASES							0.00														0
														ENDING POOL							1,240,862,559.95									147
						ADVANCES
							PRIOR OUTSTANDING							CURRENT PERIOD								RECOVERED																ENDING OUTSTANDING
								PRINCIPAL				INTEREST					PRINCIPAL		INTEREST						PRINCIPAL		INTEREST													PRINCIPAL		INTEREST
			MADE BY: SERVICER		2,373.52						24,747.25		11,976.36					84,761.40		2,373.52						24,747.25												11,976.36			84,761.40

	05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.																																											PAGE 6 OF 22





	ABN AMRO

	LASALLE BANK	N.A.

				*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*

															*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																																			STATEMENT DATE:								05/17/2002
																																																		PAYMENT DATE:								05/17/2002
															*SERIES 2002-C1*
																																																		PRIOR PAYMENT:									04/17/2002
																																	NEXT PAYMENT:								06/17/2002
																																	RECORD DATE:									04/30/2002


															*ABN AMRO ACCT: 67-8970-30-2*
															*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)

		RI					30/360		30	0.000000000%								0.00								0.00					0.00				0.00			0.00								0.00		0.00					0.00				0.00				0.00		0.00			NA	NA
		RII					30/360		30	0.000000000%								0.00								0.00					0.00				0.00			0.00								0.00		0.00					0.00				0.00				0.00		0.00			NA	NA
		A-1					30/360		30	5.401000000%								536,135.16								0.00					0.00				0.00			0.00								0.00		0.00					0.00				536,135.16				536,135.16		0.00			19.88%	19.91%
		A-2					30/360		30	5.969000000%								875,453.33								0.00					0.00				0.00			0.00								0.00		0.00					0.00				875,453.33				875,453.33		0.00			19.88%	19.91%
		A-3					30/360		30	6.226000000%								1,255,576.67								0.00					0.00				0.00			0.00								0.00		0.00					0.00				1,255,576.67				1,255,576.67		0.00			19.88%	19.91%
		A-4					30/360		30	6.462000000%								2,465,506.10								0.00					0.00				0.00			0.00								0.00		0.00					0.00				2,465,506.10				2,465,506.10		0.00			19.88%	19.91%
		B					30/360		30	6.575000000%								263,887.63								0.00					0.00				0.00			0.00								0.00		0.00					0.00				263,887.63				263,887.63		0.00			16.00%	16.03%
		C					30/360		30	6.653000000%								103,359.90								0.00					0.00				0.00			0.00								0.00		0.00					0.00				103,359.90				103,359.90		0.00			14.50%	14.52%
		D					30/360		30	6.683000000%								60,564.69								0.00					0.00				0.00			0.00								0.00		0.00					0.00				60,564.69				60,564.69		0.00			13.63%	13.65%
		E					30/360		30	6.692000000%								103,965.80								0.00					0.00				0.00			0.00								0.00		0.00					0.00				103,965.80				103,965.80		0.00			12.13%	12.14%
		F					30/360		30	6.741000000%								139,634.20								0.00					0.00				0.00			0.00								0.00		0.00					0.00				139,634.20				139,634.20		0.00			10.13%	10.14%
		X-CL					30/360		30	0.308447677%								319,240.01								0.00					0.00				0.00			0.00								0.00		0.00					0.00				319,240.01				319,240.01		0.00			10.13%	10.14%
		X-CP					30/360		30	0.649293767%								524,216.46								0.00					0.00				0.00			0.00								0.00		0.00					0.00				524,216.46				524,216.46		0.00			10.13%	10.14%
		G					30/360		30	6.950000000%								116,974.29								0.00					0.00				0.00			0.00								0.00		0.00					0.00				116,974.29				116,974.29		0.00			8.50%	8.51%
		H					30/360		30	6.950000000%								107,974.04								0.00					0.00				0.00			0.00								0.00		0.00					0.00				107,974.04				107,974.04		0.00			7.00%	7.01%
		J					30/360		30	6.950000000%								98,973.79								0.00					0.00				0.00			0.00								0.00		0.00					0.00				98,973.79				98,973.79		0.00			5.63%	5.63%
		K					30/360		30	6.428000000%								66,578.01								0.00					0.00				0.00			0.00								0.00		0.00					0.00				66,578.01				66,578.01		0.00			4.63%	4.63%
		L					30/360		30	6.428000000%								74,896.91								0.00					0.00				0.00			0.00								0.00		0.00					0.00				74,896.91				74,896.91		0.00			3.50%	3.51%
		M					30/360		30	6.428000000%								33,286.33								0.00					0.00				0.00			0.00								0.00		0.00					0.00				33,286.33				33,286.33		0.00			3.00%	3.00%
		N					30/360		30	6.428000000%								33,291.68								0.00					0.00				0.00			0.00								0.00		0.00					0.00				33,291.68				33,291.68		0.00			2.50%	2.50%
		P					30/360		30	6.428000000%								33,286.33								0.00					0.00				0.00			0.00								0.00		0.00					0.00				33,286.33				33,286.33		0.00			2.00%	2.00%
		Q					30/360		30	6.428000000%								24,967.42								0.00					0.00				0.00			0.00								0.00		0.00					0.00				24,967.42				24,967.42		0.00			1.63%	1.63%
		S					30/360		30	6.428000000%								16,643.16								0.00					0.00				0.00			0.00								0.00		0.00					0.00				16,643.16				16,643.16		0.00			1.38%	1.38%
		T					30/360		30	6.428000000%								91,545.03								0.00					0.00				0.00			0.00								0.00		0.00					0.00				91,545.03				91,466.13		78.89			0.00%	0.00%
		RIII					30/360		30	0.000000000%								0.00								0.00					0.00				0.00			0.00								0.00		0.00					0.00				0.00				0.00		0.00			NA	NA
		V-CERT					30/360		30	0.000000000%								0.00								0.00					0.00				0.00			0.00								0.00		0.00					0.00				0.00				0.00		0.00			NA	NA
																			7,345,956.94						0.00					0.00				0.00				0.00							0.00				0.00					0.00			7,345,956.94				7,345,878.04			78.89

	(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 7 OF 22
	05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.





		ABN AMRO

		LASALLE BANK		N.A.
		*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*

																																	STATEMENT DATE:							05/17/2002
												*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																															PAYMENT DATE:							05/17/2002
																																											*SERIES 2002-C1*
												PRIOR PAYMENT:									04/17/2002
																																	NEXT PAYMENT:								06/17/2002
																																	RECORD DATE:									04/30/2002

												*ABN AMRO ACCT: 67-8970-30-2*

												*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


					5/17/02		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%
					4/17/02		1		3,988,225						0	0				0		0			0	0				0	0			0			0				0		0					0			0
						0.68%				0.32%			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
				05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.																																											PAGE 8 OF 22





	ABN AMRO

	LASALLE BANK		N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																															STATEMENT DATE:						05/17/2002
																												PAYMENT DATE:								05/17/2002
											*SERIES 2002-C1*																														PRIOR PAYMENT:					04/17/2002
																												NEXT PAYMENT:										06/17/2002
																												RECORD DATE:											04/30/2002
											*ABN AMRO ACCT: 67-8970-30-2*
											*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
				5/17/02		147			1,240,862,560				0		0				0	0			0	0			0				0			0			0						201		342		7.16%		7.10%
					103.52%					99.84%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				4/17/02		147			1,241,987,012				0		0				0	0			0	0			0				0			0			0						202		343		7.40%		7.34%
					103.52%					99.93%		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 9 OF 22
			05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

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

4/11/02

26,692.20

0.00

4/11/02

27,120.88

0.00

4/11/02

17,752.18

0.00

117

4/11/02

12,882.53

0.00

119

4/11/02

12,289.97

0.00

TOTAL

96,737.76

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

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 10 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

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 11 OF 22

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.





		ABN AMRO

		LASALLE BANK	N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
														STATEMENT DATE:			05/17/2002
						*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*											PAYMENT DATE:			05/17/2002
						*SERIES 2002-C1*											PRIOR PAYMENT:				04/17/2002
															NEXT PAYMENT:			06/17/2002
															RECORD DATE:				04/30/2002

						*ABN AMRO ACCT: 67-8970-30-2*

						*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)



				3	LUBS02CD		MULTIFAMILY	2/11/12	0.00	NV	41,139,042	6.96000%	273,330			0
				4	LUBS02CD		OFFICE	10/11/31	0.00	LA	39,794,162	7.25000%	272,871			0
				5	LUBS02CD		OFFICE	1/11/27	0.00	NY	35,839,508	7.70000%	270,738			0
				6	LUBS02CD		OFFICE	4/11/17	0.00	CA	32,317,750	7.94000%	309,462			0
				8	LUBS02CD		OFFICE	3/11/32	0.00	MD	25,200,000	7.33000%	153,930			0
				9	LUBS02CD		OFFICE	2/11/32	0.00	MD	24,700,000	7.11000%	146,348			0
				10	LUBS02CD		RETAIL	11/11/31	0.00	NY	21,401,225	7.20000%	145,939			0
				11	LUBS02CD		LODGING	7/11/06	0.00	TN	21,023,402	7.60000%	158,420			0
				12	LUBS02CD		OFFICE	3/11/32	0.00	MD	21,000,000	7.33000%	128,275			0
				13	LUBS02CD		OFFICE	12/11/11	0.00	CA	18,435,151	7.55000%	129,989			0
				14	LUBS02CD		RETAIL	7/11/11	0.00	CA	17,892,581	7.55000%	126,567			0
				15	LUBS02CD		RETAIL	2/11/12	0.00	FL	17,709,183	7.88000%	128,761			0
				16	LUBS02CD		RETAIL	2/11/12	0.00	TX	16,757,652	7.34000%	115,633			0
				17	LUBS02CD		MULTIFAMILY	11/11/06	0.00	TX	16,538,890	6.35000%	103,478			0
				18	LUBS02CD		INDUSTRIAL	8/11/08	0.00	TX	16,361,689	7.38000%	117,608			0
				19	LUBS02CD		OFFICE	3/11/32	0.00	FL	15,080,976	7.56000%	106,202			0
				1A	LUBS02CA		RETAIL	10/11/31	0.00	CA	165,281,515	6.50000%	1,082,644			-0
				1B	LUBS02CA		RETAIL	10/11/31	0.00	CA	4,382,529	6.00000%	21,913			0
				20	LUBS02CD		RETAIL	1/1/12	0.00	CA	14,880,806	7.56000%	104,972			0
				21	LUBS02CD		OFFICE	2/11/12	0.00	NV	14,615,619	7.76000%	105,056			0
				22	LUBS02CD		SELF STORAGE	1/11/32	0.00		14,565,939	7.82000%	105,354			0
				23	LUBS02CD		MULTIFAMILY	12/11/11	0.00	NV	12,953,828	7.49000%	90,809			0
				24	LUBS02CD		MULTIFAMILY	12/11/06	0.00	TX	12,941,323	6.36000%	80,976			0
				25	LUBS02CD		SELF STORAGE	1/11/32	0.00		12,929,552	7.82000%	93,518			0
				26	LUBS02CD		OFFICE	11/11/31	0.00	VA	12,643,482	7.35000%	87,499			0
				27	LUBS02CD		RETAIL	2/11/32	0.00	NC	12,269,727	7.48000%	85,835			0
				28	LUBS02CD		SELF STORAGE	1/11/32	0.00		11,478,642	7.82000%	83,024			0
				29	LUBS02CD		SELF STORAGE	1/11/32	0.00		11,383,909	7.82000%	82,339			0
				2A	LUBS02CB		OFFICE	1/11/12	0.00	CT	52,029,070	6.83700%	397,743			0
				2B	LUBS02CB		OFFICE	1/11/12	0.00	CT	34,792,087	5.83700%	169,235			0
				30	LUBS02CD		OFFICE	9/11/26	0.00	NH	10,907,129	7.80000%	83,448			0
				31	LUBS02CD		MULTIFAMILY	2/11/09	0.00	GA	10,492,087	7.04000%	70,273			0
				32	LUBS02CD		RETAIL	6/11/11	0.00	CA	10,404,106	7.68000%	74,574			0
				33	LUBS02CD		OFFICE	2/11/12	0.00	CA	10,274,563	7.46000%	71,737			0
				34	LUBS02CD		SELF STORAGE	3/11/12	0.00	NY	10,230,475	7.95000%	78,772			0
				35	LUBS02CD		RETAIL	12/11/06	0.00	CA	9,759,213	6.75000%	63,563			0
				36	LUBS02CD		OFFICE	11/11/31	0.00	VA	9,756,388	7.35000%	67,519			0
				37	LUBS02CD		MULTIFAMILY	1/11/07	0.00	IN	9,068,394	6.75000%	59,022			0
				38	LUBS02CD		MULTIFAMILY	1/11/12	0.00	NV	8,190,675	7.56000%	57,778			0
				39	LUBS02CD		RETAIL	1/11/12	0.00	FL	7,974,809	7.25000%	54,574			0
				40	LUBS02CD		RETAIL	1/11/12	0.00	KY	7,876,886	7.62000%	55,889			0
				41	LUBS02CD		RETAIL	11/11/31	0.00	TX	7,664,923	7.24000%	52,475			0
				42	LUBS02CD		INDUSTRIAL	10/11/08	0.00	FL	7,481,587	6.73000%	48,707			0
				43	LUBS02CD		RETAIL	12/11/06	0.00	CA	7,468,785	6.75000%	48,645			0
				44	LUBS02CD		MULTIFAMILY	2/11/07	0.00	TX	7,419,711	6.88000%	48,900			0
				45	LUBS02CD		MULTIFAMILY	12/11/11	0.00	NC	7,371,097	7.05000%	49,481			0
				46	LUBS02CD		MULTIFAMILY	12/11/11	0.00	CA	7,319,410	6.75000%	47,672			0
				47	LUBS02CD		MOBILE HOME PARK	11/11/11	0.00	CA	7,207,314	7.05000%	51,544			0
				48	LUBS02CD		MULTIFAMILY	12/11/06	0.00	WI	7,070,388	6.74000%	46,003			0
				49	LUBS02CD		RETAIL	1/11/12	0.00	NV	6,951,929	7.00000%	46,405			0
				50	LUBS02CD		OFFICE	12/11/11	0.00	NJ	6,875,600	7.51000%	48,293			0
				51	LUBS02CD		INDUSTRIAL	12/11/08	0.00	FL	6,770,183	6.50000%	42,981			0
				52	LUBS02CD		RETAIL	10/11/11	0.00	FL	6,605,601	7.22000%	45,161			0
				53	LUBS02CD		RETAIL	2/11/11	0.00	CT	6,427,301	7.33000%	44,695			0
				54	LUBS02CD		INDUSTRIAL	10/11/08	0.00	FL	6,184,116	6.73000%	40,260			0
				55	LUBS02CD		OFFICE	2/11/32	0.00	MD	6,145,605	7.78500%	44,280			0
				56	LUBS02CD		MULTIFAMILY	10/11/06	0.00	TX	6,063,653	6.58000%	38,878			0
				57	LUBS02CD		INDUSTRIAL	10/11/06	0.00	TX	6,043,838	7.00000%	43,078			0
				58	LUBS02CD		OFFICE	2/11/32	0.00	MD	5,846,306	7.78500%	42,124			0
				59	LUBS02CD		OFFICE	12/11/06	0.00	FL	5,552,851	6.97000%	36,978			0
				60	LUBS02CD		RETAIL	12/11/11	0.00	GA	5,070,974	7.36000%	37,225			0
				61	LUBS02CD		MULTIFAMILY	1/11/12	0.00	CA	4,915,819	7.70500%	35,166			0
				62	LUBS02CD		MULTIFAMILY	12/11/11	0.00	PA	4,881,666	7.25000%	33,427			0
				63	LUBS02CD		RETAIL	1/11/12	0.00	MN	4,806,259	7.75000%	34,531			0
				64	LUBS02CD		RETAIL	11/11/11	0.00	NC	4,728,039	7.17000%	32,146			0
				65	LUBS02CD		MULTIFAMILY	11/11/11	0.00	NY	4,605,826	6.96000%	32,676			0
				66	LUBS02CD		RETAIL	1/11/09	0.00	VA	4,485,774	7.23000%	30,637			0
				67	LUBS02CD		MULTIFAMILY	1/11/12	0.00	CA	4,392,329	7.70500%	31,421			0
				68	LUBS02CD		MULTIFAMILY	12/11/06	0.00	WI	4,321,861	6.73000%	28,091			0
				69	LUBS02CD		MULTIFAMILY	12/11/11	0.00	FL	4,183,735	7.09000%	28,197			0
				70	LUBS02CD		OFFICE	12/11/06	0.00	AZ	4,132,034	6.75000%	27,054			0						B
				71	LUBS02CD		RETAIL	12/11/11	0.00	CA	3,985,033	7.25000%	27,287			0						B
				72	LUBS02CD		INDUSTRIAL	10/11/08	0.00	FL	3,740,296	6.73000%	24,350			0
				73	LUBS02CD		RETAIL	11/11/06	0.00	MO	3,711,366	6.80000%	24,317			0
				74	LUBS02CD		RETAIL	8/11/11	0.00	AZ	3,677,163	7.52000%	25,922			0
				75	LUBS02CD		RETAIL	11/11/11	0.00	VA	3,673,483	7.12500%	26,446			0
				76	LUBS02CD		INDUSTRIAL	10/11/08	0.00	FL	3,594,144	6.73000%	23,399			0
				77	LUBS02CD		OFFICE	12/11/08	0.00	NY	3,484,780	6.54000%	22,215			0
				78	LUBS02CD		OFFICE	11/11/11	0.00	MD	3,475,468	7.26000%	25,321			0
				79	LUBS02CD		RETAIL	12/11/06	0.00	CA	3,435,641	6.75000%	22,377			0
				7A	LUBS02CC		RETAIL	12/11/29	0.00	CA	5,250,000	7.60250%	33,261			0
				7B	LUBS02CC			12/11/29	0.00		8,450,000	7.60250%	53,534			0
				7C	LUBS02CC		RETAIL	12/11/29	0.00	CA	3,600,000	8.00250%	24,008			0
				7D	LUBS02CC			12/11/29	0.00		12,766,418	8.00250%	85,136			0
				80	LUBS02CD		OFFICE	11/11/06	0.00	CA	3,382,660	6.70000%	21,939			0
				81	LUBS02CD		MULTIFAMILY	10/11/11	0.00	NY	3,381,138	6.91000%	22,415			0
				82	LUBS02CD		OFFICE	2/11/09	0.00	TX	3,341,541	7.33000%	23,035			0
				83	LUBS02CD		RETAIL	12/11/11	0.00	LA	3,302,596	7.25000%	22,614			0
				84	LUBS02CD		MULTIFAMILY	8/11/11	0.00	NY	3,179,623	7.38500%	22,123			0
				85	LUBS02CD		MULTIFAMILY	12/11/06	0.00	CA	3,087,098	6.75000%	20,107			0
				86	LUBS02CD		RETAIL	2/11/12	0.00	CA	2,992,281	7.22000%	20,404			0
				87	LUBS02CD		RETAIL	1/11/12	0.00	TX	2,987,193	7.97000%	23,095			0
				88	LUBS02CD		MULTIFAMILY	12/11/06	0.00	CA	2,987,514	6.75000%	19,458			0
				89	LUBS02CD		RETAIL	12/11/06	0.00	CA	2,887,930	6.75000%	18,809			0
				90	LUBS02CD		SELF STORAGE	1/11/12	0.00	NC	2,737,740	7.70000%	20,681			0
				91	LUBS02CD		RETAIL	12/11/08	0.00	CA	2,726,226	6.80000%	17,846			0
				92	LUBS02CD		RETAIL	11/11/06	0.00	KS	2,687,224	7.06000%	18,072			0
				93	LUBS02CD		RETAIL	12/11/11	0.00	LA	2,660,010	7.25000%	18,214			0
				94	LUBS02CD		MULTIFAMILY	12/11/11	0.00	KY	2,590,418	7.32000%	17,860			0						B
				95	LUBS02CD		OFFICE	2/11/12	0.00	GA	2,543,830	7.58000%	17,970			0
				96	LUBS02CD		MOBILE HOME PARK	2/11/12	0.00	OH	2,540,304	7.22000%	18,382			0
				97	LUBS02CD		OFFICE	7/11/11	0.00	AZ	2,533,561	7.70000%	18,180			0
				98	LUBS02CD		RETAIL	9/11/08	0.00	HI	2,500,273	7.50000%	22,152			0
				99	LUBS02CD		OFFICE	2/11/32	0.00	MD	2,504,134	7.78500%	18,043			0
				100	LUBS02CD		MULTIFAMILY	2/11/12	0.00	SC	2,493,666	7.31000%	17,156			0
				101	LUBS02CD		RETAIL	11/11/11	0.00	CA	2,378,140	7.25000%	16,297			0
				102	LUBS02CD		RETAIL	1/11/07	0.00	MN	2,341,482	6.53000%	14,900			0
				103	LUBS02CD		RETAIL	1/11/12	0.00	AL	2,333,057	7.55000%	16,442			0
				104	LUBS02CD		MOBILE HOME PARK	11/11/11	0.00	TX	2,309,454	7.25000%	15,826			0
				105	LUBS02CD		MOBILE HOME PARK	12/11/11	0.00	TX	2,291,160	7.12500%	15,496			0
				106	LUBS02CD		RETAIL	12/11/11	0.00	VA	2,262,378	7.51000%	16,827			0
				107	LUBS02CD		SELF STORAGE	3/11/12	0.00	CT	2,165,703	7.75000%	16,391			0
				108	LUBS02CD		RETAIL	1/11/12	0.00	TX	2,120,878	7.95000%	16,369			0
				109	LUBS02CD		RETAIL	2/11/12	0.00	NC	2,092,250	7.43000%	15,423			0
				110	LUBS02CD		RETAIL	12/11/11	0.00	AZ	2,092,142	7.25000%	14,326			0
				111	LUBS02CD		SELF STORAGE	1/11/12	0.00	NC	2,080,683	7.70000%	15,718			0
				112	LUBS02CD		RETAIL	11/11/08	0.00	AZ	2,070,033	7.00000%	13,838			0
				113	LUBS02CD		SELF STORAGE	1/11/12	0.00	NC	2,055,794	7.70000%	15,530			0
				114	LUBS02CD		MULTIFAMILY	9/11/11	0.00	CA	1,987,359	6.98000%	13,279			0
				115	LUBS02CD		RETAIL	12/11/11	0.00	GA	1,917,172	6.86000%	12,627			0
				116	LUBS02CD		SELF STORAGE	1/11/12	0.00	SC	1,891,530	7.70000%	14,289			0
				117	LUBS02CD		MULTIFAMILY	10/11/11	0.00	DC	1,890,223	7.25000%	12,961			0						B
				118	LUBS02CD		INDUSTRIAL	1/11/12	0.00	AZ	1,812,681	7.62000%	12,861			0
				119	LUBS02CD		MULTIFAMILY	12/11/11	0.00	KY	1,793,366	7.32000%	12,365			0						B
				120	LUBS02CD		RETAIL	11/11/11	0.00	AZ	1,791,572	7.11000%	12,109			0
				121	LUBS02CD		MOBILE HOME PARK	4/11/11	0.00	NY	1,733,814	7.35000%	12,057			0
				122	LUBS02CD		MOBILE HOME PARK	8/11/11	0.00	MI	1,709,335	7.50000%	12,026			0
				123	LUBS02CD		RETAIL	12/11/11	0.00	AZ	1,693,829	7.39000%	11,759			0
				124	LUBS02CD		SELF STORAGE	1/11/12	0.00	NC	1,567,979	7.70000%	11,845			0
				125	LUBS02CD		MULTIFAMILY	11/11/11	0.00	OH	1,493,707	7.62500%	10,617			0
				126	LUBS02CD		MOBILE HOME PARK	8/11/11	0.00	FL	1,490,966	7.62500%	10,617			0
				127	LUBS02CD		RETAIL	9/11/11	0.00	AL	1,391,883	7.37500%	9,669			0
				128	LUBS02CD		MULTIFAMILY	1/11/12	0.00	CA	1,161,649	7.70500%	8,310			0
				129	LUBS02CD		INDUSTRIAL	10/11/08	0.00	FL	1,128,452	6.73000%	7,347			0


		130		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		1,048,914	6.73000%			6,829		0
		131		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		1,019,087	6.73000%			6,635		0
		132		LUBS02CD	OFFICE		2/11/12	0.00		TX		997,547	7.50000%			6,992		0
		133		LUBS02CD	RETAIL		2/11/12	0.00		NY		982,404	7.50000%			7,959		0
		134		LUBS02CD	MOBILE HOME PARK		1/11/12	0.00		CO		872,455	7.65000%			6,208		0
		135		LUBS02CD	MOBILE HOME PARK		12/11/11	0.00		CO		870,538	8.00000%			6,753		0
		136		LUBS02CD	SELF STORAGE		1/11/12	0.00		NC		816,344	7.70000%			6,167		0
		137		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		798,367	6.73000%			5,198		0
		138		LUBS02CD	MOBILE HOME PARK		8/11/11	0.00		NY		795,321	7.75000%			5,731		0
		139		LUBS02CD	MOBILE HOME PARK		8/11/11	0.00		NY		675,909	7.63000%			4,815		0
		140		LUBS02CD	MOBILE HOME PARK		8/11/11	0.00		PA		671,281	8.00000%			4,953		0
		141		LUBS02CD	MULTIFAMILY		3/11/10	0.00		TX		631,249	9.12500%			5,199		0
		142		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		475,242	6.73000%			3,094		0
											1,240,862,560				8,533,529		0


* 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
	05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.																		PAGE 12 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

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.

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 18 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS

DISCLOSURE

CONTROL #

RESOLUTION

STRATEGY

COMMENTS

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 19 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

MODIFIED LOAN DETAIL

CUTOFF

MATURITY

DATE

MODIFIED

MATURITY

DATE

DISCLOSURE

CONTROL #

MODIFICATION

DATE

MODIFICATION

DESCRIPTION

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 20 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

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..

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 21 OF 22

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

05/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

05/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

04/17/2002

NEXT PAYMENT:

06/17/2002

RECORD DATE:

04/30/2002

ABN AMRO ACCT: 67-8970-30-2

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

05/15/2002 - 10:31 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 22 OF 22

STRUCTURED ASSET SECURITIES CORP LB-UBS COMM MORT TR 2002-C1 8-K