8-K 1 lubs02c1_200207.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: 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
July 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 July 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

July 17, 2002

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

135 S. LASALLE STREET SUITE 1625

CHICAGO, IL 60603-4159

USA

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

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_200207_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

MORTGAGE LOAN CHARACTERISTICS

PAGE 18-20

SPECIALLY SERVICED (PART I) ~ LOAN DETAIL

PAGE 21

SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS

PAGE 22

MODIFIED LOAN DETAIL

PAGE 23

REALIZED LOSS DETAIL

PAGE 24

APPRAISAL REDUCTION DETAIL

PAGE 25

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 RATING SERVICES

INFORMATION IS AVAILABLE FOR THIS ISSUE FROM THE FOLLOWING SOURCES

LASALLE WEB SITE

WWW.ETRUSTEE.NET

SERVICER WEB SITE

WWW.WACHOVIA.COM

LASALLE FACTOR LINE

(800) 246-5761

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 1 OF 25

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

STATEMENT DATE:

07/17/2002

SERIES 2002-C1

PAYMENT DATE:

07/17/2002

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

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.

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 2 OF 25





	ABN AMRO

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

										*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																											STATEMENT DATE:							07/17/2002

										*SERIES 2002-C1*																											PAYMENT DATE:					07/17/2002

WAC:						7.158572%																															PRIOR PAYMENT:						06/17/2002
																																		NEXT PAYMENT:						08/16/2002
WAMM:						199
																																		RECORD DATE:							06/28/2002
										*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					117,101,327.75					1,136,520.89			0.00			0.00				115,964,806.86				527,053.56					0.00			5.40100000%
	52108HJE5													975.844397917			9.471007417			0.000000000			0.000000000				966.373390500					4.392113000				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	1,239,969,251.75					0.00			0.00			0.00				1,238,832,730.86				316,378.29					0.00			0.30618014%
	52108HJA3/U51394BC4/52108HJB1													997.667755202			0.000000000			0.000000000			0.000000000				996.753321039					0.254555037				0.000000000					0.356840982%

	X-CP						968,836,888.00				N	968,836,888.00					0.00			0.00			0.00				968,836,888.00				524,192.24					0.00			0.64926377%
	52108HJC9/U51394BD2/52108HJD7													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					0.541053140				0.000000000					0.887843767%

	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				91,528.54					(16.49)			6.42800000%
	52108HHY3/52108HHZ0													1000.000000000			0.000000000			0.000000000			0.000000000				1000.000000000					5.355701991				(0.000964896)					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								1,239,969,251.75				1,136,520.89			0.00			0.00				1,238,832,730.86				7,333,972.91					(16.49)

																										TOTAL P&I PAYMENT				8,470,493.80


	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
07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.																		PAGE 3 OF 25





		ABN AMRO

		LASALLE BANK	N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																								STATEMENT DATE:								07/17/2002
																								PAYMENT DATE:											07/17/2002
					*SERIES 2002-C1*																											PRIOR PAYMENT:									06/17/2002
																								NEXT PAYMENT:											08/16/2002
																								RECORD DATE:											06/28/2002
					*ABN AMRO ACCT: 67-8970-30-2*


*CASH RECONCILIATION SUMMARY*



				INTEREST SUMMARY								PRINCIPAL SUMMARY																			SERVICING FEE SUMMARY
				CURRENT SCHEDULED INTEREST		7,397,008.13				SCHEDULED PRINCIPAL:
				LESS DEFERRED INTEREST		0.00				CURRENT SCHEDULED PRINCIPAL						1,136,520.85										CURRENT SERVICING FEES												61,262.11
				LESS PPIS REDUCING SCHEDULED INT		0.00																				PLUS FEES ADVANCED FOR PPIS												0.00
										ADVANCED SCHEDULED PRINCIPAL						0.00										LESS REDUCTION FOR PPIS												0.00
				PLUS GROSS ADVANCE INTEREST		0.00				SCHEDULED PRINCIPAL									1,136,520.85
				LESS ASER INTEREST ADV REDUCTION					0.00																	PLUS DELINQUENT SERVICING FEES												0.00
				LESS OTHER INTEREST NOT ADVANCED		0.00				UNSCHEDULED PRINCIPAL:
				LESS OTHER ADJUSTMENT		0.00				CURTAILMENTS						0.04											TOTAL SERVICING FEES												61,262.11
										PREPAYMENTS IN FULL						0.00
				TOTAL		7,397,008.13
				UNSCHEDULED INTEREST:						LIQUIDATION PROCEEDS						0.00
										REPURCHASE PROCEEDS						0.00
				PREPAYMENT PENALTIES		0.00
				YIELD MAINTENANCE PENALTIES		0.00				OTHER PRINCIPAL PROCEEDS						0.00
				OTHER INTEREST PROCEEDS		0.00				TOTAL UNSCHEDULED PRINCIPAL										0.04
				TOTAL		0.00				REMITTANCE PRINCIPAL						1,136,520.89

				LESS FEE PAID TO SERVICER		(61,262.11)					REMITTANCE P&I DUE TRUST							8,472,250.42
				LESS FEE STRIPS PAID BY SERVICER		0.00
											REMITTANCE P&I DUE CERTS						8,470,493.80
				LESS FEES & EXPENSES PAID BY/TO SERVICER																										PPIS SUMMARY
				SPECIAL SERVICING FEES			0.00						POOL BALANCE SUMMARY
				WORKOUT FEES		0.00									BALANCE								COUNT			GROSS PPIS												0.00
				LIQUIDATION FEES		0.00
										BEGINNING POOL				1,239,969,252.66								147				REDUCED BY PPIE												0.00
				INTEREST DUE SERV ON ADVANCES		(16.49)				SCHEDULED PRINCIPAL				1,136,520.85												REDUCED BY SHORTFALLS IN FEES												0.00
				NON RECOVERABLE ADVANCES		0.00				UNSCHEDULED PRINCIPAL				0.04							0					REDUCED BY OTHER AMOUNTS												0.00
				MISC. FEES & EXPENSES		0.00				DEFERRED INTEREST				0.00
										LIQUIDATIONS				0.00							0					PPIS REDUCING SCHEDULED INTEREST												0.00
																								PPIS REDUCING SERVICING FEE												0.00
				TOTAL UNSCHEDULED FEES & EXPENSES		(16.49)				REPURCHASES				0.00							0
				TOTAL INTEREST DUE TRUST		7,335,729.53				ENDING POOL				1,238,832,731.77							147						PPIS DUE CERTIFICATE												0.00
				LESS FEES & EXPENSES PAID BY/TO TRUST																									ADVANCE SUMMARY (ADVANCE MADE BY SERVICER)
																								PRINCIPAL						INTEREST
				TRUSTEE FEE		(1,756.62)
				FEE STRIPS		0.00																						PRIOR OUTSTANDING						0.00										0.00
				MISC. FEES		0.00
				INTEREST RESERVE WITHHOLDING		0.00																						PLUS CURRENT PERIOD						0.00								0.00
				PLUS INTEREST RESERVE DEPOSIT		0.00																						LESS RECOVERED						0.00									0.00
				TOTAL				(1,756.62)																				LESS NON RECOVERED						0.00									0.00
																								ENDING OUTSTANDING						0.00							0.00
				TOTAL INTEREST DUE CERTS		7,333,972.91


		07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.																																						PAGE 6 OF 25





	ABN AMRO

	LASALLE BANK		N.A.

						*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*

															*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																																			STATEMENT DATE:					07/17/2002
																																																		PAYMENT DATE:					07/17/2002
															*SERIES 2002-C1*
																																																		PRIOR PAYMENT:						06/17/2002
																																		NEXT PAYMENT:							08/16/2002
																																		RECORD DATE:								06/28/2002


															*ABN AMRO ACCT: 67-8970-30-2*
															*BOND INTEREST RECONCILIATION*


																							DEDUCTIONS																	ADDITIONS
																																		REMAINING
															ACCRUAL						PASS								ACCRUED
DEFERRED &

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

					AMOUNT			RECOVERY			SHORTFALLS			ORIGINAL								CURRENT(3)

			A-1						30/360	30	5.401000000%						527,053.56								0.00						0.00				0.00				0.00				0.00				0.00				527,053.56			527,053.56				0.00		0.00			19.88%	19.94%
			A-2						30/360	30	5.969000000%						875,453.33								0.00						0.00				0.00				0.00				0.00				0.00				875,453.33			875,453.33				0.00		0.00			19.88%	19.94%
			A-3						30/360	30	6.226000000%						1,255,576.67								0.00						0.00				0.00				0.00				0.00				0.00				1,255,576.67			1,255,576.67				0.00		0.00			19.88%	19.94%
			A-4						30/360	30	6.462000000%						2,465,506.10								0.00						0.00				0.00				0.00				0.00				0.00				2,465,506.10			2,465,506.10				0.00		0.00			19.88%	19.94%
			B						30/360	30	6.575000000%						263,887.63								0.00						0.00				0.00				0.00				0.00				0.00				263,887.63			263,887.63				0.00		0.00			16.00%	16.05%
			C						30/360	30	6.653000000%						103,359.90								0.00						0.00				0.00				0.00				0.00				0.00				103,359.90			103,359.90				0.00		0.00			14.50%	14.55%
			D						30/360	30	6.683000000%						60,564.69								0.00						0.00				0.00				0.00				0.00				0.00				60,564.69			60,564.69				0.00		0.00			13.63%	13.67%
			E						30/360	30	6.692000000%						103,965.80								0.00						0.00				0.00				0.00				0.00				0.00				103,965.80			103,965.80				0.00		0.00			12.13%	12.16%
			F						30/360	30	6.741000000%						139,634.20								0.00						0.00				0.00				0.00				0.00				0.00				139,634.20			139,634.20				0.00		0.00			10.13%	10.16%
			X-CL						30/360	30	0.306180135%						316,378.29								0.00						0.00				0.00				0.00				0.00				0.00				316,378.29			316,378.29				0.00		0.00			10.13%	10.16%
			X-CP						30/360	30	0.649263767%						524,192.24								0.00						0.00				0.00				0.00				0.00				0.00				524,192.24			524,192.24				0.00		0.00			10.13%	10.16%
			G						30/360	30	6.950000000%						116,974.29								0.00						0.00				0.00				0.00				0.00				0.00				116,974.29			116,974.29				0.00		0.00			8.50%	8.53%
			H						30/360	30	6.950000000%						107,974.04								0.00						0.00				0.00				0.00				0.00				0.00				107,974.04			107,974.04				0.00		0.00			7.00%	7.02%
			J						30/360	30	6.950000000%						98,973.79								0.00						0.00				0.00				0.00				0.00				0.00				98,973.79			98,973.79				0.00		0.00			5.63%	5.64%
			K						30/360	30	6.428000000%						66,578.01								0.00						0.00				0.00				0.00				0.00				0.00				66,578.01			66,578.01				0.00		0.00			4.63%	4.64%
			L						30/360	30	6.428000000%						74,896.91								0.00						0.00				0.00				0.00				0.00				0.00				74,896.91			74,896.91				0.00		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				33,286.33			33,286.33				0.00		0.00			3.00%	3.01%
			N						30/360	30	6.428000000%						33,291.68								0.00						0.00				0.00				0.00				0.00				0.00				33,291.68			33,291.68				0.00		0.00			2.50%	2.51%
			P						30/360	30	6.428000000%						33,286.33								0.00						0.00				0.00				0.00				0.00				0.00				33,286.33			33,286.33				0.00		0.00			2.00%	2.01%
			Q						30/360	30	6.428000000%						24,967.42								0.00						0.00				0.00				0.00				0.00				0.00				24,967.42			24,967.42				0.00		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				16,643.16			16,643.16				0.00		0.00			1.38%	1.38%
			T						30/360	30	6.428000000%						91,545.03								0.00						0.00				0.00				50.26				0.00				0.00				91,595.29			91,528.54				(16.48)		66.74			0.00%	0.00%
			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
																		7,333,989.40						0.00						0.00					0.00				50.26					0.00				0.00			7,334,039.66		7,333,972.91					(16.48)			66.74

		(1) OTHER INTEREST PROCEEDS ARE ADDITIONAL INTEREST AMOUNTS SPECIFICALLY ALLOCATED TO THE BOND(S) AND USED IN DETERMINING THE BONDS DISTRIBUTABLE INTEREST.
	(2) ACCRUED - DEDUCTIONS + ADDITIONS 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 25
	07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.





		ABN AMRO

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

																																	STATEMENT DATE:							07/17/2002
												*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																															PAYMENT DATE:							07/17/2002
																																											*SERIES 2002-C1*
												PRIOR PAYMENT:									06/17/2002
																																	NEXT PAYMENT:								08/16/2002
																																	RECORD DATE:									06/28/2002

												*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


					7/17/02		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%
					6/17/02		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%
					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		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
				07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.																																											PAGE 8 OF 25





	ABN AMRO

	LASALLE BANK		N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*																															STATEMENT DATE:						07/17/2002
																												PAYMENT DATE:								07/17/2002
											*SERIES 2002-C1*																														PRIOR PAYMENT:					06/17/2002
																												NEXT PAYMENT:										08/16/2002
																												RECORD DATE:											06/28/2002
											*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
				7/17/02		147			1,238,832,732				0		0				0	0			0	0			0				0			0			0						199		340		7.16%		7.10%
					103.52%					99.68%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				6/17/02		147			1,239,969,253				0		0				0	0			0	0			0				0			0			0						200		341		7.40%		7.34%
					103.52%					99.77%		0.00%				0.00%						0.00%			0.00%				0.00%			0.00%			0.00%					0.00%
				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 25
			07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

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

TOTAL

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

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 10 OF 25

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

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

CURRENT

CUMULATIVE

PAGE 11 OF 25

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.





		ABN AMRO

		LASALLE BANK	N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
															STATEMENT DATE:			07/17/2002
						*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*												PAYMENT DATE:			07/17/2002
						*SERIES 2002-C1*												PRIOR PAYMENT:				06/17/2002
																NEXT PAYMENT:			08/16/2002
																RECORD DATE:				06/28/2002

						*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	41,077,393	6.96000%	273,330			0
				4	LUBS02CD		OFFICE	10/11/31	0.00		LA	39,737,134	7.25000%	272,871			0
				5	LUBS02CD		OFFICE	1/11/27	0.00		NY	35,765,426	7.70000%	270,738			0
				6	LUBS02CD		OFFICE	4/11/17	0.00		CA	32,133,039	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	21,370,361	7.20000%	145,939			0
				11	LUBS02CD		LODGING	7/11/06	0.00		TN	20,977,164	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	18,410,952	7.55000%	129,989			0
				14	LUBS02CD		RETAIL	7/11/11	0.00		CA	17,868,284	7.55000%	126,567			0
				15	LUBS02CD		RETAIL	2/11/12	0.00		FL	17,688,061	7.88000%	128,761			0
				16	LUBS02CD		RETAIL	2/11/12	0.00		TX	16,734,745	7.34000%	115,633			0
				17	LUBS02CD		MULTIFAMILY	11/11/06	0.00		TX	16,509,819	6.35000%	103,478			0
				18	LUBS02CD		INDUSTRIAL	8/11/08	0.00		TX	16,330,992	7.38000%	117,608			0
				19	LUBS02CD		OFFICE	3/11/32	0.00		FL	15,061,708	7.56000%	106,202			0
				1A	LUBS02CA		RETAIL	10/11/31	0.00		CA	164,941,849	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	14,861,435	7.56000%	104,972			0
				21	LUBS02CD		OFFICE	2/11/12	0.00		NV	14,597,639	7.76000%	105,056			0
				22	LUBS02CD		SELF STORAGE	1/11/32	0.00			14,548,191	7.82000%	105,354			0
				23	LUBS02CD		MULTIFAMILY	12/11/11	0.00		NV	12,936,567	7.49000%	90,809			0
				24	LUBS02CD		MULTIFAMILY	12/11/06	0.00		TX	12,918,783	6.36000%	80,976			0
				25	LUBS02CD		SELF STORAGE	1/11/32	0.00			12,913,798	7.82000%	93,518			0
				26	LUBS02CD		OFFICE	11/11/31	0.00		VA	12,625,901	7.35000%	87,499			0
				27	LUBS02CD		RETAIL	2/11/32	0.00		NC	12,253,526	7.48000%	85,835			0
				28	LUBS02CD		SELF STORAGE	1/11/32	0.00			11,464,656	7.82000%	83,024			0
				29	LUBS02CD		SELF STORAGE	1/11/32	0.00			11,370,039	7.82000%	82,339			0
				2A	LUBS02CB		OFFICE	1/11/12	0.00		CT	51,848,149	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	10,884,323	7.80000%	83,448			0
				31	LUBS02CD		MULTIFAMILY	2/11/09	0.00		GA	10,476,662	7.04000%	70,273			0
				32	LUBS02CD		RETAIL	6/11/11	0.00		CA	10,390,314	7.68000%	74,574			0
				33	LUBS02CD		OFFICE	2/11/12	0.00		CA	10,260,929	7.46000%	71,737			0
				34	LUBS02CD		SELF STORAGE	3/11/12	0.00		NY	10,210,686	7.95000%	78,772			0
				35	LUBS02CD		RETAIL	12/11/06	0.00		CA	9,743,670	6.75000%	63,563			0
				36	LUBS02CD		OFFICE	11/11/31	0.00		VA	9,742,822	7.35000%	67,519			0
				37	LUBS02CD		MULTIFAMILY	1/11/07	0.00		IN	9,054,033	6.75000%	59,022			0
				38	LUBS02CD		MULTIFAMILY	1/11/12	0.00		NV	8,180,013	7.56000%	57,778			0
				39	LUBS02CD		RETAIL	1/11/12	0.00		FL	7,963,600	7.25000%	54,574			0
				40	LUBS02CD		RETAIL	1/11/12	0.00		KY	7,866,786	7.62000%	55,889			0
				41	LUBS02CD		RETAIL	11/11/31	0.00		TX	7,653,975	7.24000%	52,475			0
				42	LUBS02CD		INDUSTRIAL	10/11/08	0.00		FL	7,469,460	6.73000%	48,707			0
				43	LUBS02CD		RETAIL	12/11/06	0.00		CA	7,456,890	6.75000%	48,645			0
				44	LUBS02CD		MULTIFAMILY	2/11/07	0.00		TX	7,408,379	6.88000%	48,900			0
				45	LUBS02CD		MULTIFAMILY	12/11/11	0.00		NC	7,360,161	7.05000%	49,481			0
				46	LUBS02CD		MULTIFAMILY	12/11/11	0.00		CA	7,307,753	6.75000%	47,672			0
				47	LUBS02CD		MOBILE HOME PARK	11/11/11	1.38	12/31/01	CA	7,190,278	7.05000%	51,544			0
				48	LUBS02CD		MULTIFAMILY	12/11/06	0.00		WI	7,059,101	6.74000%	46,003			0
				49	LUBS02CD		RETAIL	1/11/12	0.00		NV	6,941,551	7.00000%	46,405			0
				50	LUBS02CD		OFFICE	12/11/11	0.00		NJ	6,866,484	7.51000%	48,293			0
				51	LUBS02CD		INDUSTRIAL	12/11/08	0.00		FL	6,758,760	6.50000%	42,981			0
				52	LUBS02CD		RETAIL	10/11/11	0.00		FL	6,596,066	7.22000%	45,161			0
				53	LUBS02CD		RETAIL	2/11/11	0.00		CT	6,417,715	7.33000%	44,695			0
				54	LUBS02CD		INDUSTRIAL	10/11/08	0.00		FL	6,174,092	6.73000%	40,260			0
				55	LUBS02CD		OFFICE	2/11/32	0.00		MD	6,138,093	7.78500%	44,280			0
				56	LUBS02CD		MULTIFAMILY	10/11/06	0.00		TX	6,053,480	6.58000%	38,878			0
				57	LUBS02CD		INDUSTRIAL	10/11/06	0.00		TX	6,029,329	7.00000%	43,078			0
				58	LUBS02CD		OFFICE	2/11/32	0.00		MD	5,839,160	7.78500%	42,124			0
				59	LUBS02CD		OFFICE	12/11/06	0.00		FL	5,544,454	6.97000%	36,978			0
				60	LUBS02CD		RETAIL	12/11/11	0.00		GA	5,059,733	7.36000%	37,225			0
				61	LUBS02CD		MULTIFAMILY	1/11/12	0.00		CA	4,909,650	7.70500%	35,166			0
				62	LUBS02CD		MULTIFAMILY	12/11/11	0.00		PA	4,874,764	7.25000%	33,427			0
				63	LUBS02CD		RETAIL	1/11/12	0.00		MN	4,800,297	7.75000%	34,531			0
				64	LUBS02CD		RETAIL	11/11/11	0.00		NC	4,721,171	7.17000%	32,146			0
				65	LUBS02CD		MULTIFAMILY	11/11/11	0.00		NY	4,594,762	6.96000%	32,676			0
				66	LUBS02CD		RETAIL	1/11/09	0.00		VA	4,479,438	7.23000%	30,637			0
				67	LUBS02CD		MULTIFAMILY	1/11/12	0.00		CA	4,386,817	7.70500%	31,421			0
				68	LUBS02CD		MULTIFAMILY	12/11/06	0.00		WI	4,314,946	6.73000%	28,091			0
				69	LUBS02CD		MULTIFAMILY	12/11/11	0.00		FL	4,177,587	7.09000%	28,197			0
				70	LUBS02CD		OFFICE	12/11/06	0.00		AZ	4,125,169	6.75000%	27,054			0
				71	LUBS02CD		RETAIL	12/11/11	0.00		CA	3,979,400	7.25000%	27,287			0
				72	LUBS02CD		INDUSTRIAL	10/11/08	0.00		FL	3,734,234	6.73000%	24,350			0
				73	LUBS02CD		RETAIL	11/11/06	0.00		MO	3,705,481	6.80000%	24,317			0
				74	LUBS02CD		RETAIL	8/11/11	0.00		AZ	3,672,162	7.52000%	25,922			0
				75	LUBS02CD		RETAIL	11/11/11	0.00		VA	3,664,918	7.12500%	26,446			0
				76	LUBS02CD		INDUSTRIAL	10/11/08	0.00		FL	3,588,319	6.73000%	23,399			0
				77	LUBS02CD		OFFICE	12/11/08	0.00		NY	3,478,954	6.54000%	22,215			0
				78	LUBS02CD		OFFICE	11/11/11	0.00		MD	3,467,559	7.26000%	25,321			0
				79	LUBS02CD		RETAIL	12/11/06	0.00		CA	3,430,170	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	3,377,170	6.70000%	21,939			0
				81	LUBS02CD		MULTIFAMILY	10/11/11	0.00		NY	3,375,883	6.91000%	22,415			0
				82	LUBS02CD		OFFICE	2/11/09	0.00		TX	3,336,962	7.33000%	23,035			0
				83	LUBS02CD		RETAIL	12/11/11	0.00		LA	3,297,927	7.25000%	22,614			0
				84	LUBS02CD		MULTIFAMILY	8/11/11	0.00		NY	3,175,153	7.38500%	22,123			0
				85	LUBS02CD		MULTIFAMILY	12/11/06	0.00		CA	3,082,181	6.75000%	20,107			0
				86	LUBS02CD		RETAIL	2/11/12	0.00		CA	2,988,069	7.22000%	20,404			0
				87	LUBS02CD		RETAIL	1/11/12	0.00		TX	2,981,327	7.97000%	23,095			0
				88	LUBS02CD		MULTIFAMILY	12/11/06	0.00		CA	2,982,756	6.75000%	19,458			0
				89	LUBS02CD		RETAIL	12/11/06	0.00		CA	2,883,331	6.75000%	18,809			0
				90	LUBS02CD		SELF STORAGE	1/11/12	0.00		NC	2,732,081	7.70000%	20,681			0
				91	LUBS02CD		RETAIL	12/11/08	0.00		CA	2,721,934	6.80000%	17,846			0
				92	LUBS02CD		RETAIL	11/11/06	0.00		KS	2,683,216	7.06000%	18,072			0
				93	LUBS02CD		RETAIL	12/11/11	0.00		LA	2,656,249	7.25000%	18,214			0
				94	LUBS02CD		MULTIFAMILY	12/11/11	0.00		KY	2,586,818	7.32000%	17,860			0
				95	LUBS02CD		OFFICE	2/11/12	0.00		GA	2,540,554	7.58000%	17,970			0
				96	LUBS02CD		MOBILE HOME PARK	2/11/12	0.00		OH	2,534,602	7.22000%	18,382			0
				97	LUBS02CD		OFFICE	7/11/11	0.00		AZ	2,530,247	7.70000%	18,180			0
				98	LUBS02CD		RETAIL	9/11/08	0.00		HI	2,487,705	7.50000%	22,152			0
				99	LUBS02CD		OFFICE	2/11/32	0.00		MD	2,501,074	7.78500%	18,043			0
				100	LUBS02CD		MULTIFAMILY	2/11/12	0.00		SC	2,490,232	7.31000%	17,156			0
				101	LUBS02CD		RETAIL	11/11/11	0.00		CA	2,374,752	7.25000%	16,297			0
				102	LUBS02CD		RETAIL	1/11/07	0.00		MN	2,337,581	6.53000%	14,900			0
				103	LUBS02CD		RETAIL	1/11/12	0.00		AL	2,330,013	7.55000%	16,442			0
				104	LUBS02CD		MOBILE HOME PARK	11/11/11	0.00		TX	2,306,163	7.25000%	15,826			0
				105	LUBS02CD		MOBILE HOME PARK	12/11/11	0.00		TX	2,287,821	7.12500%	15,496			0
				106	LUBS02CD		RETAIL	12/11/11	0.00		VA	2,257,499	7.51000%	16,827			0
				107	LUBS02CD		SELF STORAGE	3/11/12	0.00		CT	2,161,349	7.75000%	16,391			0
				108	LUBS02CD		RETAIL	1/11/12	0.00		TX	2,116,697	7.95000%	16,369			0
				109	LUBS02CD		RETAIL	2/11/12	0.00		NC	2,087,732	7.43000%	15,423			0
				110	LUBS02CD		RETAIL	12/11/11	0.00		AZ	2,089,185	7.25000%	14,326			0
				111	LUBS02CD		SELF STORAGE	1/11/12	0.00		NC	2,076,382	7.70000%	15,718			0
				112	LUBS02CD		RETAIL	11/11/08	0.00		AZ	2,066,902	7.00000%	13,838			0
				113	LUBS02CD		SELF STORAGE	1/11/12	0.00		NC	2,051,545	7.70000%	15,530			0
				114	LUBS02CD		MULTIFAMILY	9/11/11	0.00		CA	1,984,298	6.98000%	13,279			0
				115	LUBS02CD		RETAIL	12/11/11	0.00		GA	1,914,196	6.86000%	12,627			0
				116	LUBS02CD		SELF STORAGE	1/11/12	0.00		SC	1,887,620	7.70000%	14,289			0
				117	LUBS02CD		MULTIFAMILY	10/11/11	0.00		DC	1,887,514	7.25000%	12,961			0
				118	LUBS02CD		INDUSTRIAL	1/11/12	0.00		AZ	1,810,357	7.62000%	12,861			0
				119	LUBS02CD		MULTIFAMILY	12/11/11	0.00		KY	1,790,874	7.32000%	12,365			0
				120	LUBS02CD		RETAIL	11/11/11	0.00		AZ	1,788,932	7.11000%	12,109			0
				121	LUBS02CD		MOBILE HOME PARK	4/11/11	0.00		NY	1,731,287	7.35000%	12,057			0
				122	LUBS02CD		MOBILE HOME PARK	8/11/11	0.00		MI	1,706,998	7.50000%	12,026			0
				123	LUBS02CD		RETAIL	12/11/11	0.00		AZ	1,691,515	7.39000%	11,759			0
				124	LUBS02CD		SELF STORAGE	1/11/12	0.00		NC	1,564,737	7.70000%	11,845			0
				125	LUBS02CD		MULTIFAMILY	11/11/11	0.00		OH	1,491,767	7.62500%	10,617			0
				126	LUBS02CD		MOBILE HOME PARK	8/11/11	0.00		FL	1,488,990	7.62500%	10,617			0
				127	LUBS02CD		RETAIL	9/11/11	0.00		AL	1,389,932	7.37500%	9,669			0
				128	LUBS02CD		MULTIFAMILY	1/11/12	0.00		CA	1,160,191	7.70500%	8,310			0
				129	LUBS02CD		INDUSTRIAL	10/11/08	0.00		FL	1,126,623	6.73000%	7,347			0


		130		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		1,047,213	6.73000%			6,829		0
		131		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		1,017,435	6.73000%			6,635		0
		132		LUBS02CD	OFFICE		2/11/12	0.00		TX		996,237	7.50000%			6,992		0
		133		LUBS02CD	RETAIL		2/11/12	0.00		NY		978,960	7.50000%			7,959		0
		134		LUBS02CD	MOBILE HOME PARK		1/11/12	0.00		CO		871,345	7.65000%			6,208		0
		135		LUBS02CD	MOBILE HOME PARK		12/11/11	0.00		CO		868,826	8.00000%			6,753		0
		136		LUBS02CD	SELF STORAGE		1/11/12	0.00		NC		814,657	7.70000%			6,167		0
		137		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		797,073	6.73000%			5,198		0
		138		LUBS02CD	MOBILE HOME PARK		8/11/11	0.00		NY		794,300	7.75000%			5,731		0
		139		LUBS02CD	MOBILE HOME PARK		8/11/11	0.00		NY		675,015	7.63000%			4,815		0
		140		LUBS02CD	MOBILE HOME PARK		8/11/11	0.00		PA		670,473	8.00000%			4,953		0
		141		LUBS02CD	MULTIFAMILY		3/11/10	0.00		TX		630,609	9.12500%			5,199		0
		142		LUBS02CD	INDUSTRIAL		10/11/08	0.00		FL		474,472	6.73000%			3,094		0
											1,238,832,732				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
	07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.																		PAGE 12 OF 25





		ABN AMRO

		LASALLE BANK		N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*								STATEMENT DATE:				07/17/2002
													PAYMENT DATE:			07/17/2002
					*SERIES 2002-C1*								PRIOR PAYMENT:			06/17/2002
													NEXT PAYMENT:			08/16/2002
													RECORD DATE:			06/28/2002

					*ABN AMRO ACCT: 67-8970-30-2*
					*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		1,000,000				11				8,571,967							0.69	%			105				7.66	%	0.00
		1,000,000							TO		2,000,000				18				28,480,479							2.30	%			107				7.31	%	0.00
		2,000,000							TO		3,000,000				28				68,843,816							5.56	%			109				7.34	%	0.00
		3,000,000							TO		4,000,000				16				55,966,471							4.52	%			102				7.07	%	0.00
		4,000,000							TO		5,000,000				11				49,767,130							4.02	%			121				7.14	%	0.00
		5,000,000							TO		6,000,000				4				21,693,347							1.75	%			215				7.43	%	0.00
		6,000,000							TO		7,000,000				9				57,975,570							4.68	%			116				7.07	%	0.00
		7,000,000				TO		8,000,000				10				74,736,384							6.03	%			116				7.01	%	0.13
		8,000,000				TO		9,000,000				2				16,630,013							1.34	%			223				7.58	%	0.00
		9,000,000				TO		10,000,000				3				28,540,525							2.30	%			155				6.95	%	0.00
		10,000,000				TO		12,000,000				7				75,057,608							6.06	%			207				7.66	%	0.00
		12,000,000				TO		14,000,000				6				76,414,994							6.17	%			258				7.42	%	0.00
		14,000,000				TO		16,000,000				4				59,068,974							4.77	%			235				7.67	%	0.00
		16,000,000				TO		18,000,000				5				85,131,902							6.87	%			93				7.31	%	0.00
		18,000,000				TO		20,000,000				1				18,410,952							1.49	%			113				7.55	%	0.00
		20,000,000				TO		22,000,000				3				63,347,525							5.11	%			253				7.38	%	0.00
		22,000,000				TO		24,000,000				0				0							0.00	%			0				0.00	%	0.00
		24,000,000				TO		26,000,000				2				49,900,000							4.03	%			356				7.22	%	0.00
		26,000,000				TO		28,000,000				0				0							0.00	%			0				0.00	%	0.00
		28,000,000				&		ABOVE				7				400,295,077							32.31	%			256				6.83	%	0.00
												147					1,238,832,732					100.00		%
			AVERAGE SCHEDULE BALANCE														8,427,434
			MAXIMUM SCHEDULE BALANCE												164,941,849
			MINIMUM SCHEDULE BALANCE												474,472



CURRENT MORTGAGE
INTEREST RATE

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE

WEIGHTED AVERAGE
TERM COUPON PFY DSCR


									0.000%			TO		5.500%				0							0						0.00		%						0	0.00	%	0.00
				5.501%			TO		5.750%				0							0							0.00		%					0		0.00	%		0.00
				5.751%			TO		6.000%				2							39,174,616							3.16		%					141		5.86	%		0.00
				6.001%			TO		6.250%				0							0							0.00		%					0		0.00	%		0.00
			6.251%			TO		6.500%				4							201,129,211							16.24		%					298		6.48	%		0.00
			6.501%			TO		6.750%				24							102,116,106							8.24		%					64		6.72	%		0.00
			6.751%			TO		7.000%				13							139,212,711							11.24		%					103		6.90	%		0.00
			7.001%			TO		7.250%				26							185,839,945							15.00		%					230		7.18	%		0.05
			7.251%			TO		7.500%				25							178,480,893							14.41		%					217		7.38	%		0.00
			7.501%			TO		7.750%				34							218,956,140							17.67		%					166		7.62	%		0.00
			7.751%			TO		8.000%				16							156,926,083							12.67		%					239		7.86	%		0.00
			8.001%			TO		8.250%				2							16,366,418							1.32		%					329		8.00	%		0.00
			8.251%			TO		8.500%				0							0							0.00		%					0		0.00	%		0.00
			8.501%			TO		8.750%				0							0							0.00		%					0		0.00	%		0.00
			8.751%			&		ABOVE				1							630,609							0.05		%					92		9.13	%		0.00
													147					1,238,832,732							100.00			%
			MINIMUM MORTGAGE INTEREST RATE																			5.837%
			MAXIMUM MORTGAGE INTEREST RATE																			9.125%

























											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					21			141,677,106					11.44				%			52				6.81	%		0.00
			61			TO		120					100			564,861,604					45.60				%			108				7.20	%		0.02
			121			TO		180					1			32,133,039					2.59				%			177				7.94	%		0.00
			181			TO		240					0			0					0.00				%			0				0.00	%		0.00
			241			&		ABOVE					25			500,160,984					40.37				%			346				7.16	%		0.00






											147							1,238,832,732				100.00			%
		MINIMUM REMAINING TERM													48
		MAXIMUM REMAINING TERM													356






	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		%












	07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.													PAGE 18 OF 25





			ABN AMRO

			LASALLE BANK		N.A.
		*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
		*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*							STATEMENT DATE:				07/17/2002
											PAYMENT DATE:			07/17/2002
				*SERIES 2002-C1*							PRIOR PAYMENT:			06/17/2002
											NEXT PAYMENT:			08/16/2002
											RECORD DATE:			06/28/2002

				*ABN AMRO ACCT: 67-8970-30-2*
				*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								1		7,190,278				0.58	%			112		7.05	%	1.38
				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								146		1,231,642,454				99.42	%			200		7.16	%	0.00
										147				1,238,832,732				100.00	%
			MAXIMUM DSCR			1.380
			MINIMUM DSCR				1.380



GEOGRAPHIC
LOCATION

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR



			CALIFORNIA			27					354,058,640				28.58		%			232		6.97	%		0.03
			TEXAS			15					104,295,320				8.42		%			95		7.00	%		0.00
			CONNECTICUT			4					95,219,300				7.69		%			113		6.53	%		0.00
			FLORIDA			17					90,708,147				7.32		%			137		7.20	%		0.00
			MARYLAND			7					88,845,885				7.17		%			346		7.34	%		0.00
			NEW YORK			11					86,150,786				6.95		%			246		7.47	%		0.00
			NEVEDA			5					83,733,162				6.76		%			115		7.24	%		0.00
			CMBS CERTIFICATE			6					71,513,102				5.77		%			347		7.83	%		0.00
			LOUISIANA			3					45,691,310				3.69		%			320		7.25	%		0.00
			NORTH CAROLINA			9					35,661,992				2.88		%			196		7.40	%		0.00
			VIRGINIA			5					32,770,578				2.65		%			271		7.32	%		0.00
			TENNESSEE			1					20,977,164				1.69		%			48		7.60	%		0.00
			GEORGIA			4					19,991,145				1.61		%			95		7.17	%		0.00
			ARIZONA			8					19,774,468				1.60		%			95		7.26	%		0.00
			KENTUCKY			3					12,244,477				0.99		%			114		7.51	%		0.00
			WISCONSIN			2					11,374,047				0.92		%			53		6.74	%		0.00
			NEW HAMPSHIRE			1					10,884,323				0.88		%			290		7.80	%		0.00
			INDIANA			1					9,054,033				0.73		%			54		6.75	%		0.00
			MINNESOTA			2					7,137,878				0.58		%			94		7.35	%		0.00
			NEW JERSEY			1					6,866,484				0.55		%			113		7.51	%		0.00
			PENNSYLVANIA			2					5,545,237				0.45		%			113		7.34	%		0.00
			SOUTH CAROLINA			2					4,377,852				0.35		%			115		7.48	%		0.00
			OHIO			2					4,026,369				0.33		%			114		7.37	%		0.00
			ALABAMA			2					3,719,945				0.30		%			113		7.48	%		0.00
			MISSOURI			1					3,705,481				0.30		%			52		6.80	%		0.00
			KANSAS			1					2,683,216				0.22		%			52		7.06	%		0.00
			HIWAII			1					2,487,705				0.20		%			74		7.50	%		0.00
			DISTRICT OF COLUMBIA			1					1,887,514				0.15		%			111		7.25	%		0.00
			COLORADO			2					1,740,171				0.14		%			114		7.82	%		0.00
			MICHIGAN			1					1,706,998				0.14		%			109		7.50	%		0.00
























						147					1,238,832,732				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					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					11						88,854,998				7.17	%			144		7.56	%	0.00
					1.251 1.375					70						492,032,539				39.72	%			175		7.26	%	0.02
					1.376 1.500					30						169,522,239				13.68	%			109		7.25	%	0.00
					1.501 1.625					15						79,061,899				6.38	%			135		7.32	%	0.00
					1.626 1.750					6						72,111,761				5.82	%			324		7.39	%	0.00
					1.751 1.875					3						24,626,549				1.99	%			346		7.61	%	0.00
					1.876 2.000					3						189,320,303				15.28	%			351		6.67	%	0.00
					2.001 2.125					1						996,237				0.08	%			115		7.50	%	0.00
					2.126 2.250					0						0				0.00	%			0		0.00	%	0.00
					2.251 & ABOVE					3						58,315,172				4.71	%			112		6.84	%	0.00
					UNKNOWN					5						63,991,034				5.17	%			214		6.64	%	0.00
											147					1,238,832,732			100.00		%
				MAXIMUM DSCR		2.500
				MINIMUM DSCR			1.140


























		07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.						PAGE 19 OF 25





		ABN AMRO

		LASALLE BANK		N.A.
	*LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1*
	*COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES*								STATEMENT DATE:				07/17/2002
														PAYMENT DATE:			07/17/2002
						*SERIES 2002-C1*								PRIOR PAYMENT:			06/17/2002
														NEXT PAYMENT:			08/16/2002
														RECORD DATE:			06/28/2002

						*ABN AMRO ACCT: 67-8970-30-2*
						*MORTGAGE LOAN CHARACTERISTICS*

	DISTRIBUTION OF PROPERTY TYPES											DISTRIBUTION OF LOAN SEASONING


									PROPERTY TYPES
# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


		RETAIL				49				435,617,782							35.16		%					227		7.01	%		0.00
		OFFICE				28				407,502,225							32.89		%					233		7.25	%		0.00
		MULTIFAMILY				30				200,238,945							16.16		%					91		6.97	%		0.00
		SELF STORAGE				12				73,795,741							5.96		%					278		7.82	%		0.00
		INDUSTRIAL				13				56,358,359							4.55		%					73		6.95	%		0.00
		MOBILE HOME PARK				12				23,126,098							1.87		%					111		7.32	%		0.43
		UNDEFINED				2				21,216,418							1.71		%					329		7.84	%		0.00
		LODGING				1				20,977,164							1.69		%					48		7.60	%		0.00














							147			1,238,832,732						100.00			%




NUMBER OF MONTHS

# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


			0		TO		12				140				1,199,986,702				96.86		%				197			7.14	%	0.01
			13		TO		24				2				8,149,002				0.66		%				103			7.33	%	0.00
			25		TO		36				5				30,697,028				2.48		%				324			7.85	%	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








											147					1,238,832,732				100.00		%























	DISTRIBUTION OF AMORTIZATION TYPE										DISTRIBUTION OF YEAR LOANS MATURING


								AMORTIZATION TYPE
# OF
LOANS

SCHEDULED
BALANCE

% OF
BALANCE


WAMM WAC PFY DSCR


								AMORTIZINGBALLOON						138				1,098,691,698					88.69		%			188			7.18	%	0.01
								IO/AMORTIZING/BALLOON						9				140,141,034					11.31		%			290			6.98	%	0.00


























									147				1,238,832,732			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					18			122,877,112				9.92		%			52				6.82	%	0.00
			2007					3			18,799,993				1.52		%			54				6.77	%	0.00
			2008					15			59,274,168				4.78		%			75				6.92	%	0.00
			2009					3			18,293,062				1.48		%			79				7.14	%	0.00
			2010					1			630,609				0.05		%			92				9.13	%	0.00
			2011					45			190,369,242				15.37		%			111				7.33	%	0.05
			2012					36			296,294,522				23.92		%			114				7.17	%	0.00
			2013 & GREATER					26			532,294,022				42.97		%			336				7.21	%	0.00



								147			1,238,832,732			100.00			%
























								PAGE 20 OF 25
	07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

ABN AMRO ACCT: 67-8970-30-2

SPECIALLY SERVICED (PART I) ~ LOAN DETAIL (END OF PERIOD)

LOAN

STATUS

CODE(1)

DISCLOSURE

CONTROL #

SERVICING

XFER DATE

BALANCE

NOTE

RATE

MATURITY

DATE

REMAINING

PROPERTY

TYPE

GEO.

LOCATION

NOI

DSCR

NOI

DATE

SCHEDULE

ACTUAL

LIFE

(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

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 21 OF 25

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

ABN AMRO ACCT: 67-8970-30-2

SPECIALLY SERVICED LOAN DETAIL (PART II) ~ SERVICER COMMENTS (END OF PERIOD)

DISCLOSURE

CONTROL #

RESOLUTION

STRATEGY

COMMENTS

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 22 OF 25

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

ABN AMRO ACCT: 67-8970-30-2

MODIFIED LOAN DETAIL

CUTOFF

MATURITY

DATE

MODIFIED

MATURITY

DATE

DISCLOSURE

CONTROL #

MODIFICATION

DATE

MODIFICATION

DESCRIPTION

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 23 OF 25

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

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..

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 24 OF 25

ABN AMRO

LASALLE BANK

N.A.

LB-UBS COMMERCIAL MORTGAGE TRUST 2002-C1

STATEMENT DATE:

07/17/2002

COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES

PAYMENT DATE:

07/17/2002

SERIES 2002-C1

PRIOR PAYMENT:

06/17/2002

NEXT PAYMENT:

08/16/2002

RECORD DATE:

06/28/2002

ABN AMRO ACCT: 67-8970-30-2

APPRAISAL REDUCTION DETAIL

DISCLOSURE

CONTROL#

APPRAISAL

RED. DATE

SCHEDULED

BALANCE

ARA

AMOUNT

CURRENT P&I

ADVANCE

ASER

NOTE

RATE

MATURITY

DATE

REMAINING TERM

PROPERTY

TYPE

GEOGRAPHIC

LOCATION

DSCR

APPRAISAL

VALUE DATE

LIFE

07/15/2002 - 10:15 (H392-H438) 2002 LASALLE BANK N.A.

PAGE 25 OF 25

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