UNITED STATES
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 (Date of earliest event reported) ~~December~~January 1518, ~~2004~~2005

First Union Commercial Mortgage Securities, Inc. (as depositor under the Pooling and Servicing Agreement, dated as of August 15, 2001, relating to the First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2001-C3)
(Exact name of registrant as specified in its charter)

North Carolina
(State or other jurisdiction
of incorporation)

333-53266-03
(Commission
File Number)

56-1643598
(IRS Employer
Identification No.)

201 South College Street, Charlotte, North Carolina
(Address of principal executive offices)

28288-0166
(Zip Code)

Registrant's telephone number, including area code 704-374-6161

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

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions (see General Instruction A.2. below):

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Section 8 - Other Events

Item 8.01. Other Events.

This current report on Form 8-K relates to the monthly distribution reported to the holders of First Union National Bank Commercial Mortgage Trust, Commercial Mortgage Pass-Through Certificates, Series 2001-C3, which was made on ~~December~~January 1518, ~~2004~~2005.

Section 9 - Financial Statements and Exhibits

Item 9.01 Financial Statements and Exhibits.

99.1 Monthly distribution report pursuant to Section 4.02 of the Pooling and Servicing Agreement for the distribution on ~~December~~January 1518, ~~2004~~2005.

(Exhibit No. Description)

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

LASALLE BANK NATIONAL ASSOCIATION, IN ITS CAPACITY AS PAYING AGENT UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF FIRST UNION COMMERCIAL MORTGAGE SECURITIES, INC., REGISTRANT

By: /s/ Russell Goldenberg Russell Goldenberg Group Senior Vice President Date: ~~December~~January 2021, ~~2004~~2005

First Union Commercial Mortgage Securities, Inc. Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Reporting Package Table of Contents Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Administrator:Laura Kocha-Chaddha 312.904.0648laura.kocha.chaddha@abnamro.com Analyst:Chris Suh 714.259.6266 chris.k.suh@abnamro.com Statement Date: 135 S. LaSalle Street, Suite 1625Chicago, IL 60603USA Statements to CertificateholdersCash Reconciliation SummaryShortfall Summary ReportBond Interest Reconciliation Asset-Backed Facts ~ 15 Month Loan Status Summary Asset-Backed Facts ~ 15 Month Loan Payoff/Loss SummaryMortgage Loan Characteristics Loan Level DetailDelinquent Loan DetailSpecially Serviced (Part I) - Loan Detail Page 2-5Page 6Page 7Page 8 Page 9 Page 10Page 11-13 Page 14-19Page 20 Page 21 Specially Serviced (Part II) - Servicer Comments Modified Loan DetailRealized Loss Detail Page 22 Page 23Page 24 Page(s) Information is available for this issue from the following sources Issue Id: Monthly Data FileName: FUNB01C3 FUNB01C3_200412_3.ZIP Closing Date: First Payment Date: Rated Final Payment: Date: 21-Aug-0117-Sep-01 15-Aug-11 Parties to The Transaction Issuer: Wachovia Bank, National Association Depositor: First Union National Bank Underwriter: ABN AMRO Incorporated Master Servicer: Wachovia Bank, National Association Special Servicer: Lennar Partners, Inc. Rating Agency: Fitch, Inc./Fitch Ratings/Standard & Poor's 800.246.5761 LaSalle Factor Line LaSalle Web Site Servicer Web Site www.wachovia.com www.etrustee.net Page 1 of 24 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM: Payment Date:Prior Payment:Next Payment:Record Date: 7.460959% 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 First Union Commercial Mortgage Securities, Inc. Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 74 REMIC II Statement Date: ABN AMRO Acct: 720357.2 353.659096000 17.370795400 0.000000000 336.288300600 1.531343800 Fixed 0.00 0.00 0.000000000 5.19600000% 0.000000000 33736XCT4 A-1 50,000,000.00 17,682,954.80 868,539.77 0.00 16,814,415.03 76,567.19 1000.000000000 0.000000000 0.000000000 1000.000000000 5.150000000 Fixed 0.00 0.00 0.000000000 6.18000000% 0.000000000 33736XCU1 A-2 139,853,000.00 139,853,000.00 0.00 0.00 139,853,000.00 720,242.95 1000.000000000 0.000000000 0.000000000 1000.000000000 5.352500006 Fixed 0.00 0.00 0.000000000 6.42300000% 0.000000000 33736XCV9 A-3 435,531,000.00 435,531,000.00 0.00 0.00 435,531,000.00 2,331,179.68 1000.000000000 0.000000000 0.000000000 1000.000000000 5.473333333 Fixed 0.00 0.00 0.000000000 6.56800000% 0.000000000 33736XCW7 B 33,777,000.00 33,777,000.00 0.00 0.00 33,777,000.00 184,872.78 1000.000000000 0.000000000 0.000000000 1000.000000000 5.532500204 Fixed 0.00 0.00 0.000000000 6.63900000% 0.000000000 33736XCX5 C 12,283,000.00 12,283,000.00 0.00 0.00 12,283,000.00 67,955.70 1000.000000000 0.000000000 0.000000000 1000.000000000 5.600000000 Fixed 0.00 0.00 0.000000000 6.72000000% 0.000000000 33736XCY3 D 23,541,000.00 23,541,000.00 0.00 0.00 23,541,000.00 131,829.60 1000.000000000 0.000000000 0.000000000 1000.000000000 5.690000000 Fixed 0.00 0.00 0.000000000 6.82800000% 0.000000000 33736XCZ0 E 11,259,000.00 11,259,000.00 0.00 0.00 11,259,000.00 64,063.71 1000.000000000 0.000000000 0.000000000 1000.000000000 6.000833673 7.201000000% 0.00 0.00 0.000000000 7.20100000% 0.000000000 33736XDE6 F 12,283,000.00 12,283,000.00 0.00 0.00 12,283,000.00 73,708.24 1000.000000000 0.000000000 0.000000000 1000.000000000 6.082500407 7.299000000% 0.00 0.00 0.000000000 7.29900000% 0.000000000 33736XDG1 G 12,282,000.00 12,282,000.00 0.00 0.00 12,282,000.00 74,705.27 1000.000000000 0.000000000 0.000000000 1000.000000000 6.173102662 7.407726274% 0.00 0.00 0.000000000 7.40772306% 0.000000000 33736XDJ5 H 12,283,000.00 12,283,000.00 0.00 0.00 12,283,000.00 75,824.22 1000.000000000 0.000000000 0.000000000 1000.000000000 5.129166802 Fixed 0.00 0.00 0.000000000 6.15500000% 0.000000000 33736XDL0 J 18,423,000.00 18,423,000.00 0.00 0.00 18,423,000.00 94,494.64 1000.000000000 0.000000000 0.000000000 1000.000000000 5.129166783 Fixed 0.00 0.00 0.000000000 6.15500000% 0.000000000 33736XDN6 K 14,330,000.00 14,330,000.00 0.00 0.00 14,330,000.00 73,500.96 1000.000000000 0.000000000 0.000000000 1000.000000000 5.129166260 Fixed 0.00 0.00 0.000000000 6.15500000% 0.000000000 33736XDQ9 L 6,141,000.00 6,141,000.00 0.00 0.00 6,141,000.00 31,498.21 1000.000000000 0.000000000 0.000000000 1000.000000000 5.129167074 Fixed 0.00 0.00 0.000000000 6.15500000% 0.000000000 33736XDS5 M 4,094,000.00 4,094,000.00 0.00 0.00 4,094,000.00 20,998.81 1000.000000000 0.000000000 0.000000000 1000.000000000 5.129166395 Fixed 0.00 0.00 0.000000000 6.15500000% 0.000000000 33736XDU0 N 6,142,000.00 6,142,000.00 0.00 0.00 6,142,000.00 31,503.34 1000.000000000 0.000000000 0.000000000 1000.000000000 5.129167074 Fixed 0.00 0.00 0.000000000 6.15500000% 0.000000000 33736XDW6 O 4,094,000.00 4,094,000.00 0.00 0.00 4,094,000.00 20,998.81 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 2 of 24 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 Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM: Payment Date:Prior Payment:Next Payment:Record Date: 7.460959% 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 First Union Commercial Mortgage Securities, Inc. Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 74 REMIC II Statement Date: ABN AMRO Acct: 720357.2 966.836275714 0.000000000 0.000000000 966.836275714 4.444121841 Fixed 0.00 ) (11,595.59 ) (0.514942635 6.15500000% 0.000000000 33736XDY2 P 22,518,217.00 21,771,429.06 0.00 0.00 21,771,429.06 100,073.70 959.620845766 0.000000000 0.000000000 958.560142938 0.403499626 0.502686124% 0.00 0.00 0.000000000 0.50457381% 0.000000000 N 33736XDA4 IO-I 818,834,217.00 785,770,383.86 0.00 0.00 784,901,844.09 330,399.30 1000.000000000 0.000000000 0.000000000 1000.000000000 0.712847590 0.855420099% 0.00 0.00 0.000000000 0.85541710% 0.000000000 N 33736XDC0 IO-II 469,425,000.00 469,425,000.00 0.00 0.00 469,425,000.00 334,628.48 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSG2922 R-I 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSG2930 R-II 0.00 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 ) (11,595.59 818,834,217.00 785,770,383.86 5,707,585.36 Total 784,901,844.09 868,539.77 0.00 4,839,045.59 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 3 of 24 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 Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM: Payment Date:Prior Payment:Next Payment:Record Date: 7.460959% 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 First Union Commercial Mortgage Securities, Inc. Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 74 Grantor Trust Statement Date: ABN AMRO Acct: 720357.2 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSG2948 Z-I 0.00 0.00 0.00 0.00 0.00 0.00 0.000000000 0.000000000 0.000000000 0.000000000 0.000000000 0.00 0.00 0.000000000 N/A 0.000000000 9ABSG2955 Z-II 0.00 0.00 0.00 0.00 0.00 0.00 Total P&I Payment 0.00 0.00 0.00 0.00 0.00 Total 0.00 0.00 0.00 0.00 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 4 of 24 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 Class CUSIP Original Opening Principal Principal Negative Closing Interest Interest Pass-Through Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Per $ 1000 Next Rate(3) WAC:WAMM: Payment Date:Prior Payment:Next Payment:Record Date: 7.460959% 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 First Union Commercial Mortgage Securities, Inc. Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 Face Value (1) Balance Payment Adj. or Loss Amortization Balance Payment (2) Adjustment Rate 74 Companion Statement Date: ABN AMRO Acct: 720357.2 1253.738173699 0.000000000 0.000000000 1261.024516515 0.000000000 Fixed 5,455.23 5,455.23 7.286342816 6.88960000% 7.286342816 COMP-I 748,692.47 938,664.33 0.00 0.00 944,119.56 0.00 1253.738195390 0.000000000 0.000000000 1261.024537348 0.000000000 Fixed 4,816.76 4,816.76 7.286341957 6.88960000% 7.286341957 COMP-II 661,066.97 828,804.91 0.00 0.00 833,621.67 0.00 1248.757306806 0.000000000 0.000000000 1255.886707686 0.000000000 Fixed 3,611.52 3,611.52 7.129400880 6.76760000% 7.129400880 COMP-III 506,567.11 632,579.38 0.00 0.00 636,190.90 0.00 Total P&I Payment 13,883.51 13,883.51 1,916,326.55 2,400,048.62 0.00 Total 2,413,932.13 0.00 0.00 0.00 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 5 of 24 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 First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Statement Date: Cash Reconciliation Summary Current Scheduled Interest Interest Summary Less Deferred Interest Plus Gross Advance Interest Less PPIS Reducing Scheduled Int 4,314,591.69 ) (13,883.51 0.00 Less ASER Interest Adv Reduction 0.00 Less Other Adjustment 0.00 Total 4,881,897.45 Unscheduled Interest:Prepayment Penalties 0.00 Yield Maintenance Penalties 0.00 Other Interest Proceeds 0.00 Total 0.00 Less Fees & Expenses Paid By/To Servicer Less Fee Paid To Servicer Less Fee Strips Paid by Servicer Special Servicing Fees Interest Due Serv on Advances Recoup of Prior Advances Misc. Fees & Expenses Total Unscheduled Fees & ExpensesTotal Interest Due Trust Less Fees & Expenses Paid By/To TrustTrustee FeeFee StripsMisc. FeesInterest Reserve Withholding Plus Interest Reserve DepositTotal Total Interest Due Certs Principal Summary Scheduled Principal:Current Scheduled PrincipalAdvanced Scheduled PrincipalScheduled PrincipalUnscheduled Principal:CurtailmentsPrepayments in FullLiquidation ProceedsRepurchase ProceedsOther Principal ProceedsTotal Unscheduled Principal Remittance Principal Remittance P&I Due Trust Remittance P&I Due Certs Pool Balance Summary Beginning PoolScheduled PrincipalUnscheduled PrincipalDeferred InterestLiquidationsRepurchases Ending Pool Balance Count Principal Interest Prior OutstandingPlus Current PeriodLess Recovered Ending Outstanding Servicing Fee Summary Current Servicing FeesPlus Fees Advanced for PPISLess Reduction for PPISPlus Delinquent Servicing Fees Total Servicing Fees PPIS Summary Gross PPISReduced by PPIEReduced by Shortfalls in FeesReduced by Other Amounts PPIS Reducing ScheduledInterest PPIS Reducing Servicing FeePPIS Due Certificate 0.00 ) (11,262.15 0.000.00 0.00 ) (11,595.59 4,840,617.11 ) (1,571.54 0.000.000.00 ) (1,571.54 778,631.28 89,908.49 868,539.77 0.000.000.000.000.000.00 868,539.77 5,709,156.88 5,707,585.34 788,181,466.93 126 868,539.77 0.00 0 13,883.51 0.00 0 0.00 0 787,326,810.67 126 121,094.31 1,051,268.26 89,908.49 581,189.27 97,877.21 662,330.84 29,684.75 0.000.00 4,710.23 34,394.98 0.000.000.000.000.000.00 0.00 ) (29,684.75 4,839,045.57 Interest Not Advanced ( Current Period ) 0.00 581,189.27 Workout FeesLiquidation Fees ) (333.44 0.00 Less Non Recovered ) (970,126.69 ) (113,125.59 0.00 0.00 0.00 Advance Summary (Advance Made by Servicer) Page 6 of 24 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Interest Adjustments Summary Statement Date: 0.00 0.00 11,262.15 333.44 Special Servicing Fees Workout Fees Liquidation Fees Legal Fees 0.00 0.00 Misc. Fees & Expenses Paid by/to Servicer Interest Paid to Servicer on Outstanding Advances 0.00 0.00 ASER Interest Advance Reduction Interest Not Advanced (Current Period) Recoup of Prior Advances by Servicer 0.00 0.00 Servicing Fees Paid Servicer on Loans Not Advanced Misc. Fees & Expenses Paid by Trust 0.00 0.00 0.00 Shortfall Due to Rate Modification Total Shortfall Allocated to the Bonds Total Interest Adjustment to the Bonds 11,595.59 Shortfall Allocated to the Bonds: Excess Allocated to the Bonds: Other Interest Proceeds Due the Bonds Yield Maintenance Penalties Due the Bonds Prepayment Penalties Due the Bonds Recovered ASER Interest Due the Bonds Recovered Interest Due the Bonds Less Total Shortfall Allocated to the Bonds Total Excess Allocated to the Bonds 0.00 0.00 Total Excess Allocated to the Bonds ) (11,595.59 ) (11,595.59 Aggregate Interest Adjustment Allocated to the Bonds 0.00 0.00 0.00 0.00 Prepayment Interest Excess Due the Bonds 0.00 ARD Excess Interest 0.00 0.00 0.00 Net Prepayment Int. Shortfalls Allocated to the Bonds Other Interest Loss Page 7 of 24 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Class Accrued Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Bond Interest Reconciliation Deductions Allocable Deferred & Prior Prepay- Other Additions Interest Credit Support Original Current(4) Accrual Int. Short- falls Due ment Interest Interest (2) Payment Amount PPIS Interest Certificate Accretion Interest Loss/Exp Interest Penalties Proceeds (1) Interest Shortfalls Certificate Rate Pass Thru Method Days Outstanding Remaining Statement Date: Distributable Current Period (Shortfall)/ Recovery Int Accrual on Prior Shortfall (3) 0.00 0.00 0.00 0.00 0.00 A-1 30 76,567.19 76,567.19 76,567.19 0.00 23.63% 24.55% 30/360 5.196000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-2 30 720,242.95 720,242.95 720,242.95 0.00 23.63% 24.55% 30/360 6.180000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 A-3 30 2,331,179.68 2,331,179.68 2,331,179.68 0.00 23.63% 24.55% 30/360 6.423000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 B 30 184,872.78 184,872.78 184,872.78 0.00 19.50% 20.25% 30/360 6.568000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 C 30 67,955.70 67,955.70 67,955.70 0.00 18.00% 18.68% 30/360 6.639000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 D 30 131,829.60 131,829.60 131,829.60 0.00 15.13% 15.68% 30/360 6.720000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 E 30 64,063.71 64,063.71 64,063.71 0.00 13.75% 14.25% 30/360 6.828000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 F 30 73,708.24 73,708.24 73,708.24 0.00 12.25% 12.68% 30/360 7.201000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 G 30 74,705.27 74,705.27 74,705.27 0.00 10.75% 11.12% 30/360 7.299000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 H 30 75,824.22 75,824.22 75,824.22 0.00 9.25% 9.55% 30/360 7.407723055% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 J 30 94,494.64 94,494.64 94,494.64 0.00 7.00% 7.21% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 K 30 73,500.96 73,500.96 73,500.96 0.00 5.25% 5.38% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 L 30 31,498.21 31,498.21 31,498.21 0.00 4.50% 4.60% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 M 30 20,998.81 20,998.81 20,998.81 0.00 4.00% 4.08% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 N 30 31,503.34 31,503.34 31,503.34 0.00 3.25% 3.30% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 O 30 20,998.81 20,998.81 20,998.81 0.00 2.75% 2.77% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 P 30 111,669.29 225,104.13 100,073.70 125,030.43 0.00% 0.00% 30/360 6.155000000% ) (11,595.59 113,434.84 0.00 0.00 0.00 0.00 0.00 0.00 IO-I 30 330,399.30 330,399.30 330,399.30 0.00 NA NA 30/360 0.504573810% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 IO-II 30 334,628.48 334,628.48 334,628.48 0.00 NA NA 30/360 0.855417099% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Z-I 30 0.00 0.00 0.00 0.00 NA NA 30/360 0.000000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 Z-II 30 0.00 0.00 0.00 0.00 NA NA 30/360 0.000000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 4,850,641.18 4,964,076.02 4,839,045.59 125,030.43 ) (11,595.59 113,434.84 0.00 (2) Accrued - Deductions + Additions Interest (3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable. 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 8 of 24 (1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest. (4) 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). First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 Asset-Backed Facts ~ 15 Month Historical Loan Status Summary 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 Delinquency Aging Categories Special Event Categories (1) Statement Date: ABN AMRO Acct: 720357.2 0.79% 1.62% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 4.76% 8.44% 15-Dec-04 1 12,729,466 0 0 0 0 0 0 0 0 6 66,423,715 0 0 0.00% 0.00% 0.00% 0.00% 1 0.79% 12,740,118 1.62% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.97% 6.86% 15-Nov-04 0 0 0 0 0 0 0 0 0 0 5 54,058,337 0 0 0.00% 0.00% 0.79% 1.62% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.17% 6.69% 15-Oct-04 0 0 1 12,748,087 0 0 0 0 0 0 4 52,796,993 0 0 0.79% 1.62% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 2.38% 5.08% 15-Sep-04 1 12,758,625 0 0 0 0 0 0 0 0 3 40,086,451 0 0 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.17% 5.24% 16-Aug-04 0 0 0 0 0 0 0 0 0 0 4 41,416,991 0 0 0.00% 0.00% 0.00% 0.00% 1 0.79% 1,402,071 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 5.24% 15-Jul-04 0 0 0 0 0 0 0 0 0 0 4 41,546,014 0 0 0.00% 0.00% 0.00% 0.00% 1 0.79% 1,403,374 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 5.24% 15-Jun-04 0 0 0 0 0 0 0 0 0 0 4 41,584,260 0 0 0.00% 0.00% 0.00% 0.00% 1 0.79% 1,404,380 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 5.24% 17-May-04 0 0 0 0 0 0 0 0 0 0 4 41,613,487 0 0 0.00% 0.00% 0.00% 0.00% 1 0.79% 1,405,669 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 1.54% 15-Apr-04 0 0 0 0 0 0 0 0 0 0 4 12,223,204 0 0 0.79% 0.16% 0.00% 0.00% 1 0.79% 1,406,659 0.18% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.15% 1.54% 15-Mar-04 1 1,306,838 0 0 0 0 0 0 0 0 4 12,231,173 0 0 0.78% 0.16% 0.00% 0.00% 2 1.56% 5,824,824 0.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.91% 2.08% 17-Feb-04 1 1,308,287 0 0 0 0 0 0 0 0 5 16,661,170 0 0 0.00% 0.00% 0.78% 0.16% 2 1.56% 5,828,155 0.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.91% 2.08% 15-Jan-04 0 0 1 1,309,175 0 0 0 0 0 0 5 16,671,347 0 0 0.78% 0.16% 0.00% 0.00% 2 1.56% 5,831,463 0.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.13% 1.95% 15-Dec-03 1 1,310,058 0 0 0 0 0 0 0 0 4 15,617,709 0 0 0.78% 0.13% 0.78% 0.16% 2 1.56% 5,836,057 0.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.91% 2.11% 17-Nov-03 1 1,065,024 1 1,311,210 0 0 0 0 0 0 5 16,941,442 0 0 0.00% 0.00% 1.56% 0.68% 2 1.56% 5,839,310 0.73% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 0.00% 3.13% 1.41% 15-Oct-03 0 0 2 5,473,582 0 0 0 0 0 0 4 11,312,892 0 0 (1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category Page 9 of 24 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Series 2001-C3 Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary Distribution Date Ending Pool (1) Payoffs(2) Penalties Appraisal Reduct. (2) Liquidations (2) Realized Losses (2) Remaining Term Curr Weighted Avg. # Balance # Balance # Amount # Balance # Balance # Amount Life Coupon Remit Statement Date: Amort ABN AMRO Acct: 720357.2 Commercial Mortgage Pass-Through Certificates 15-Dec-04 126 100.80% 787,326,811 96.15% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 74 307 7.46% 7.41% 0 0 0 0 15-Nov-04 126 100.80% 788,181,467 96.26% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 75 308 7.71% 7.65% 0 0 0 0 15-Oct-04 126 100.80% 788,869,543 96.34% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 76 309 7.46% 7.41% 0 0 0 0 15-Sep-04 126 100.80% 789,714,659 96.44% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 77 310 7.71% 7.65% 0 0 0 0 16-Aug-04 126 100.80% 790,392,945 96.53% 0.00% 0.00% 0 0.00% 0 0.00% 1 0.79% 1,402,071 0.18% 1 0.79% 693,571 0.09% 78 311 7.71% 7.65% 0 0 0 0 15-Jul-04 127 101.60% 792,468,971 96.78% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 79 312 7.46% 7.41% 0 0 0 0 15-Jun-04 127 101.60% 793,301,803 96.88% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 80 313 7.71% 7.65% 0 0 0 0 17-May-04 127 101.60% 793,966,513 96.96% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 81 314 7.46% 7.41% 0 0 0 0 15-Apr-04 127 101.60% 794,789,448 97.06% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 82 315 7.71% 7.65% 0 0 0 0 15-Mar-04 127 101.60% 795,444,659 97.14% 0.00% 0.00% 0 0.00% 0 0.00% 1 0.78% 4,416,599 0.55% 1 0.78% 53,258 0.01% 83 316 7.47% 7.41% 1 498,344 0 0 17-Feb-04 128 102.40% 800,837,888 97.80% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 84 317 7.47% 7.41% 0 0 0 0 15-Jan-04 128 102.40% 801,485,034 97.88% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 85 318 7.71% 7.66% 0 0 0 0 15-Dec-03 128 102.40% 802,127,148 97.96% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 86 319 7.47% 7.41% 0 0 0 0 17-Nov-03 128 102.40% 802,929,403 98.06% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 87 320 7.71% 7.66% 0 0 0 0 15-Oct-03 128 102.40% 803,562,292 98.13% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 88 321 7.47% 7.41% 0 0 0 0 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 10 of 24 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Mortgage Loan Characteristics ABN AMRO Acct: 720357.2 Series 2001-C3 Commercial Mortgage Pass-Through Certificates Wachovia Bank, National Association, as Servicer 30-Nov-04 18-Jan-05 15-Nov-04 15-Dec-04 15-Dec-04 Record Date: Next Payment: Prior Payment: Payment Date: Statement Date: Distribution of Mortgage Interest Rates Distribution of Principal Balances Distribution of Remaining Term (Balloon) Distribution of Remaining Term (Fully Amortizing) 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 11 of 24 Current Scheduled Balance # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 32 38,439,215 4.88 85 7.62 1.20 % 0 to 2,000,000 % 28 82,679,335 10.50 81 7.43 1.41 % 2,000,000 to 4,000,000 % 23 115,484,030 14.67 69 7.58 1.31 % 4,000,000 to 6,000,000 % 14 101,034,021 12.83 83 7.46 1.41 % 6,000,000 to 8,000,000 % 6 52,451,829 6.66 76 7.34 1.40 % 8,000,000 to 10,000,000 % 16 202,560,467 25.73 76 7.49 1.24 % 10,000,000 to 15,000,000 % 1 15,261,071 1.94 76 7.50 1.74 % 15,000,000 to 20,000,000 % 2 43,310,605 5.50 75 7.12 2.63 % 20,000,000 to 25,000,000 % 1 25,336,444 3.22 79 7.63 1.70 % 25,000,000 to 30,000,000 % 1 33,355,148 4.24 78 7.60 1.01 % 30,000,000 to 35,000,000 % 2 77,414,645 9.83 49 7.32 1.28 % 35,000,000 to 40,000,000 % 0 0 0.00 0 0.00 0.00 % 40,000,000 & Above % 39,736,603 639,070 787,326,811 126 100.00% Average Schedule BalanceMaximum Schedule BalanceMinimum Schedule Balance 6,248,625 Current Mortgage Interest Rate # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 2 26,429,854 3.36 77 6.62 1.57 % 6.500% % to 6.750% 15 62,651,158 7.96 65 6.98 1.06 % 6.751% % to 7.000% 18 87,172,443 11.07 75 7.20 1.49 % 7.001% % to 7.250% 31 274,301,545 34.84 67 7.38 1.43 % 7.251% % to 7.500% 31 233,341,411 29.64 79 7.61 1.47 % 7.501% % to 7.750% 20 66,679,163 8.47 85 7.85 1.40 % 7.751% % to 8.000% 3 6,276,645 0.80 100 8.15 1.42 % 8.001% % to 8.250% 4 25,302,029 3.21 82 8.40 0.81 % 8.251% % to 8.500% 2 5,172,563 0.66 117 8.70 0.42 % 8.501% % to 8.750% 0 0 0.00 0 0.00 0.00 % 8.751% % & Above 126 787,326,811 Minimum Mortgage Interest RateMaximum Mortgage Interest Rate 100.00% 6.600%8.720% Fully Amortizing Mortgage Loans # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 8 71,584,600 9.09 74 7.67 2.03 % % to 0 80 3 3,767,572 0.48 107 6.91 0.97 % % to 81 110 0 0 0.00 0 0.00 0.00 % % to 111 140 2 3,024,828 0.38 175 8.06 1.14 % % to 141 200 1 2,440,529 0.31 217 7.90 1.04 % % & 201 Above 217 16 14 80,817,530 Minimum Remaining Term Maximum Remaining Term 10.26% Balloon Mortgage Loans # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 8 66,378,390 8.43 19 7.36 1.14 % % 0 to 60 101 626,578,853 79.58 77 7.43 1.37 % % 61 to 90 0 0 0.00 0 0.00 0.00 % % 91 to 120 1 4,123,321 0.52 128 8.72 0.53 % % 121 to 150 1 6,618,755 0.84 162 8.44 1.01 % % 151 to 180 0 0 0.00 0 0.00 0.00 % % 181 to 210 1 2,809,961 0.36 217 7.75 1.00 % % 211 to 240 0 0 0.00 0 0.00 0.00 % % 241 & Above 217 15 112 706,509,281 Minimum Remaining Term Maximum Remaining Term % 89.74 First Union Commercial Mortgage Securities, Inc. Mortgage Loan Characteristics ABN AMRO Acct: 720357.2 Series 2001-C3 Commercial Mortgage Pass-Through Certificates Wachovia Bank, National Association, as Servicer 30-Nov-04 18-Jan-05 15-Nov-04 15-Dec-04 15-Dec-04 Record Date: Next Payment: Prior Payment: Payment Date: Statement Date: Geographic Distribution Distribution of DSCR (PFY) Distribution of DSCR (Cutoff) 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 12 of 24 Debt Service Coverage Ratio # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR 0 0 0.00 0 0.00 0.00 % % Less than zero 5 30,917,272 3.93 71 7.84 0.56 % % 0.001 0.750 2 23,724,308 3.01 73 8.00 0.83 % % 0.751 0.875 11 46,931,667 5.96 87 7.21 0.97 % % 0.876 1.000 10 77,427,783 9.83 88 7.54 1.04 % % 1.001 1.125 16 106,330,261 13.51 50 7.43 1.19 % % 1.126 1.250 20 87,367,704 11.10 77 7.44 1.32 % % 1.251 1.375 21 165,557,026 21.03 76 7.45 1.44 % % 1.376 1.500 16 92,565,629 11.76 77 7.51 1.56 % % 1.501 1.625 8 81,042,068 10.29 77 7.28 1.69 % % 1.626 1.750 5 31,561,210 4.01 76 7.36 1.83 % % 1.751 1.875 0 0 0.00 0 0.00 0.00 % % 1.876 2.000 6 16,004,465 2.03 75 7.46 2.15 % % 2.001 2.500 0 0 0.00 0 0.00 0.00 % % 2.501 3.000 1 23,125,851 2.94 73 7.58 3.50 % % 3.001 & Above 5 4,771,566 0.61 66 7.48 0.00 % % Unknown 3.5000.410 126 787,326,811 100.00% Minimum DSCR Maximum DSCR Debt Service Coverage Ratio # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR 0 0 0.00 0 0.00 0.00 % % Less than zero 0 0 0.00 0 0.00 0.00 % % 0.001 0.750 4 6,577,533 0.84 154 7.27 0.98 % % 0.751 1.000 32 214,142,419 27.20 71 7.63 1.24 % % 1.001 1.250 84 533,421,429 67.75 75 7.40 1.38 % % 1.251 1.500 1 2,336,172 0.30 80 7.93 1.51 % % 1.501 1.750 1 5,298,441 0.67 16 7.00 1.24 % % 1.751 2.000 1 23,125,851 2.94 73 7.58 3.50 % % 2.001 2.250 0 0 0.00 0 0.00 0.00 % % 2.251 2.500 0 0 0.00 0 0.00 0.00 % % 2.501 2.750 0 0 0.00 0 0.00 0.00 % % 2.751 & Above 3 2,424,967 0.31 57 6.91 0.00 % % Unknown 2.080 1.000 126 787,326,811 100.00 Minimum DSCR Maximum DSCR % Geographic Location # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR California 20 111,410,522 14.15 74 7.53 1.51 % % Texas 16 110,325,704 14.01 74 7.39 0.99 % % Florida 9 89,729,272 11.40 77 7.41 1.40 % % CMBS Certificate 3 67,039,007 8.51 42 7.42 1.43 % % Pennsylvania 4 46,024,441 5.85 85 7.57 1.09 % % Michigan 10 43,488,136 5.52 87 7.55 1.37 % % Maryland 2 43,310,605 5.50 75 7.12 2.63 % % North Carolina 5 35,041,137 4.45 79 7.29 1.39 % % Illinois 9 34,060,971 4.33 60 7.18 1.44 % % New York 6 22,794,980 2.90 78 7.75 1.46 % % Nevada 4 15,786,015 2.01 76 7.73 1.44 % % New Jersey 4 15,723,863 2.00 71 8.23 0.98 % % Washington 1 14,350,576 1.82 78 7.60 1.23 % % Wisconsin 2 13,480,055 1.71 78 7.42 1.46 % % Virginia 3 13,428,223 1.71 76 7.34 1.60 % % District of Columbia 2 12,672,712 1.61 77 7.39 1.42 % % Iowa 1 12,424,654 1.58 78 7.75 1.43 % % Massachusetts 2 9,935,203 1.26 78 7.19 1.48 % % Arizona 2 9,251,490 1.18 76 7.28 1.26 % % Ohio 2 8,958,558 1.14 76 7.35 1.47 % % West Virginia 3 8,279,070 1.05 149 8.12 0.93 % % Minnesota 2 6,856,511 0.87 77 7.43 1.60 % % Indiana 2 6,548,865 0.83 77 7.74 1.35 % % Missouri 1 5,440,991 0.69 79 7.75 1.48 % % Mississippi 1 5,327,316 0.68 79 7.83 1.18 % % Colorado 2 5,007,639 0.64 78 7.68 1.22 % % Alabama 1 4,640,980 0.59 78 7.22 0.72 % % Georgia 1 3,575,478 0.45 77 7.25 1.66 % % Maine 1 3,217,599 0.41 76 7.00 0.93 % % Kansas 1 2,285,897 0.29 79 7.32 1.55 % % Oregon 1 2,137,376 0.27 78 7.88 1.05 % % Arkansas 1 2,011,091 0.26 78 7.22 1.42 % % South Carolina 1 1,598,961 0.20 169 8.00 1.13 % % Tennessee 1 1,162,915 0.15 76 7.75 1.37 % % 100.00 787,326,811 126 % First Union Commercial Mortgage Securities, Inc. Mortgage Loan Characteristics ABN AMRO Acct: 720357.2 Series 2001-C3 Commercial Mortgage Pass-Through Certificates Wachovia Bank, National Association, as Servicer 30-Nov-04 18-Jan-05 15-Nov-04 15-Dec-04 15-Dec-04 Record Date: Next Payment: Prior Payment: Payment Date: Statement Date: Distribution of Loan Seasoning Distribution of Property Types Distribution of Year Loans Maturing Distribution of Amortization Type 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 13 of 24 Property Types # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR Multifamily 35 239,336,299 30.40 64 7.47 1.11 % % Retail 43 202,324,202 25.70 86 7.43 1.43 % % Office 19 138,655,414 17.61 78 7.40 1.45 % % Industrial 13 83,182,441 10.57 77 7.53 1.39 % % Mixed use 9 54,015,494 6.86 69 7.56 1.28 % % Self storage 2 29,360,964 3.73 76 7.50 1.78 % % Lodging 1 23,125,851 2.94 73 7.58 3.50 % % Mobile home park 3 16,016,141 2.03 66 7.30 1.23 % % Other 1 1,310,004 0.17 70 7.85 1.10 % % 787,326,811 126 100.00% Amortization Type # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR AmortizingBalloon 111 717,173,924 91.09 73 7.49 1.43 % % Full Amortizing 6 9,084,420 1.15 154 7.69 1.06 % % IO/Amortizing/Balloon 6 58,643,501 7.45 76 7.12 1.07 % % Other 3 2,424,967 0.31 57 6.91 0.00 % % 787,326,811 126 100.00% Number of Months # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR 0 0 0.00 0 0.00 % % 0.00 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 36 123 762,557,039 96.85 74 1.41 % % 7.44 37 to 48 3 24,769,772 3.15 80 0.88 % % 8.09 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 126 787,326,811 100.00% Year # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR 0 0 0.00 0 0.00 0.00 % % 2004 0 0 0.00 0 0.00 0.00 % % 2005 7 59,455,939 7.55 16 7.39 1.09 % % 2006 0 0 0.00 0 0.00 0.00 % % 2007 2 7,759,898 0.99 40 7.03 1.39 % % 2008 0 0 0.00 0 0.00 0.00 % % 2009 3 21,956,454 2.79 70 7.96 0.96 % % 2010 105 675,369,554 85.78 77 7.44 1.45 % % 2011 0 0 0.00 0 0.00 0.00 % % 2012 3 3,767,572 0.48 107 6.91 0.97 % % 2013 0 0 0.00 0 0.00 0.00 % % 2014 6 19,017,395 2.42 172 8.27 0.93 % % 2015 & Greater 100.00 787,326,811 126 % First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Loan Level Detail Disclosure Control # Group Property Type Maturity Date PFY DSCR OperatingStatement Date Geo. Location Ending Principal Balance NoteRate Scheduled P&I Prepayment Amount Prepayment Date Loan Status Code (1) Statement Date: 31-Dec-03 FL 7.30000% 1-Aug-11 FUNB01CH Retail 1.40 39,736,603 281,084 1 31-Dec-03 7.35000% 1-Apr-06 FUNB01CH Multifamily 1.16 37,678,043 268,699 B 2 31-Dec-03 PA 7.60000% 1-Jun-11 FUNB01CH Multifamily 1.01 33,355,148 242,890 B 3 31-Dec-03 CA 7.62500% 1-Jul-11 FUNB01CH Office 1.70 25,336,444 184,734 4 31-Dec-03 MD 7.57600% 1-Jan-11 FUNB01CG Lodging 3.50 23,125,851 180,282 5 31-Dec-03 MD 6.60000% 1-May-11 FUNB01CH Office 1.63 20,184,754 134,118 6 31-Dec-03 7.50000% 1-Apr-11 FUNB01CH Self storage 1.74 15,261,071 119,074 7 31-Dec-03 TX 7.27300% 1-May-11 FUNB01CH Retail 1.41 14,029,612 104,270 8 31-Dec-03 FL 7.50000% 1-Mar-11 FUNB01CH Mixed use 1.48 14,382,104 104,043 9 31-Dec-03 7.50000% 1-Apr-11 FUNB01CH Self storage 1.83 14,099,893 110,014 10 31-Dec-03 WA 7.60100% 1-Jun-11 FUNB01CH Industrial 1.23 14,350,576 104,509 11 31-Dec-02 FL 7.52000% 1-Aug-11 FUNB01CH Multifamily 1.49 14,317,824 103,336 12 31-Dec-03 NC 7.18000% 1-Apr-11 FUNB01CH Retail 1.53 14,211,258 99,786 13 25-Aug-03 TX 7.44000% 1-May-11 FUNB01CH Multifamily 0.95 12,729,466 89,641 1 14 31-Dec-03 TX 7.51000% 1-Jan-11 FUNB01CH Mixed use 0.51 12,415,235 90,105 15 31-Dec-03 IA 7.75000% 1-Jun-11 FUNB01CH Office 1.43 12,424,654 91,701 16 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 0.97 12,319,470 85,108 17 31-Dec-03 NJ 8.32700% 1-Oct-10 FUNB01CH Multifamily 0.85 12,336,363 99,746 18 31-Dec-03 CA 7.41000% 1-Jun-11 FUNB01CH Multifamily 1.28 12,103,326 86,633 19 31-Dec-03 CA 7.65000% 1-Apr-11 FUNB01CH Office 0.81 11,387,945 83,439 20 31-Dec-03 FL 7.61000% 1-Jul-11 FUNB01CH Industrial 1.38 11,162,378 81,278 21 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 1.07 10,278,374 71,007 22 31-Dec-03 MI 7.50800% 1-May-11 FUNB01CH Retail 1.48 10,011,989 72,355 23 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 14 of 24 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Loan Level Detail Disclosure Control # Group Property Type Maturity Date PFY DSCR OperatingStatement Date Geo. Location Ending Principal Balance NoteRate Scheduled P&I Prepayment Amount Prepayment Date Loan Status Code (1) Statement Date: 31-Dec-03 MI 7.32400% 1-Mar-11 FUNB01CH Office 1.61 9,458,586 67,346 24 31-Dec-03 VA 7.35000% 1-Apr-11 FUNB01CH Retail 1.57 8,888,154 63,385 25 31-Dec-03 NY 7.80000% 1-Jun-11 FUNB01CH Retail 1.57 8,836,294 65,508 26 31-Dec-03 MA 7.15000% 1-Jun-11 FUNB01CH Office 1.37 8,697,130 60,787 27 31-Dec-03 NC 7.42000% 1-Nov-10 FUNB01CH Multifamily 1.11 8,310,087 64,941 28 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 1.12 8,261,577 57,075 29 31-Dec-03 AZ 7.23000% 1-Apr-11 FUNB01CH Industrial 1.22 7,798,611 55,010 30 31-Dec-03 MI 7.92400% 1-Jul-11 FUNB01CH Office 1.55 7,762,654 58,132 31 31-Dec-03 WI 7.61800% 1-Jul-11 FUNB01CH Mobile home park 1.18 7,692,772 56,055 32 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 0.98 7,532,615 52,039 33 31-Dec-03 NC 7.27000% 1-May-11 FUNB01CH Office 1.49 7,521,999 52,632 34 31-Dec-03 NV 7.86000% 1-Jun-11 FUNB01CH Industrial 1.51 7,480,030 55,750 35 31-Dec-03 OH 7.37000% 1-Apr-11 FUNB01CH Retail 1.48 7,391,867 52,811 36 31-Dec-03 DC 7.50000% 1-Jun-11 FUNB01CH Office 1.29 7,266,861 52,441 37 31-Dec-03 CA 7.37000% 1-Mar-11 FUNB01CH Mixed use 2.16 7,193,161 51,430 38 31-Dec-02 PA 7.19000% 1-May-11 FUNB01CH Industrial 1.36 7,050,972 49,502 39 31-Dec-03 WV 8.44000% 1-Jun-18 FUNB01CH Retail 1.01 6,618,755 61,791 40 31-Dec-03 NY 7.40700% 1-Jul-11 FUNB01CH Industrial 1.52 6,784,548 48,500 41 31-Dec-03 CA 7.54000% 1-Jun-11 FUNB01CH Multifamily 1.57 6,694,077 48,435 42 31-Dec-03 IL 6.68700% 1-Apr-11 FUNB01CH Office 1.37 6,245,100 41,887 43 31-Dec-03 CA 7.39000% 1-May-11 FUNB01CH Retail 1.75 5,804,412 41,502 44 31-Dec-03 CA 7.37500% 1-May-11 FUNB01CH Retail 1.66 5,803,738 41,441 45 31-Dec-03 WI 7.15000% 1-Apr-11 FUNB01CH Retail 1.83 5,787,283 40,524 46 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 15 of 24 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Loan Level Detail Disclosure Control # Group Property Type Maturity Date PFY DSCR OperatingStatement Date Geo. Location Ending Principal Balance NoteRate Scheduled P&I Prepayment Amount Prepayment Date Loan Status Code (1) Statement Date: 31-Dec-03 IL 7.45000% 1-May-11 FUNB01CH Industrial 1.58 5,710,308 41,052 47 31-Dec-03 TX 8.50000% 1-Mar-06 FUNB01CH Multifamily 0.41 5,686,904 44,905 48 31-Dec-02 IN 7.74000% 1-May-11 FUNB01CH Retail 1.41 5,577,266 41,154 49 25-Dec-03 CA 7.30000% 1-May-06 FUNB01CH Mixed use 1.18 5,510,332 39,078 50 31-Dec-03 MO 7.75100% 1-Jul-11 FUNB01CH Office 1.48 5,440,991 40,123 51 31-Dec-03 DC 7.25000% 1-Apr-11 FUNB01CH Retail 1.60 5,405,851 38,202 B 52 31-Dec-03 IL 7.00000% 1-Apr-06 FUNB01CH Multifamily 1.24 5,298,441 36,592 53 31-Dec-03 MS 7.83000% 1-Jul-11 FUNB01CH Mixed use 1.18 5,327,316 39,563 54 31-Dec-03 CA 7.70000% 1-Apr-11 FUNB01CH Industrial 1.37 5,298,956 38,999 55 31-Dec-03 FL 7.00000% 1-Apr-08 FUNB01CH Mobile home park 1.49 5,105,770 35,261 56 31-Dec-03 TX 7.58000% 1-Jul-11 FUNB01CH Multifamily 1.32 5,094,779 36,997 57 31-Dec-03 MI 7.45000% 1-Apr-11 FUNB01CH Industrial 1.20 4,733,413 36,787 58 31-Dec-03 AL 7.22000% 1-Jun-11 FUNB01CH Multifamily 0.72 4,640,980 32,647 59 PA 1-Jun-11 FUNB01CH Office 1-Mar-04 60 31-Dec-03 CA 7.78000% 1-Jul-11 FUNB01CH Industrial 1.30 4,339,094 32,080 61 31-Dec-03 TX 7.67000% 1-Mar-11 FUNB01CH Multifamily 1.24 4,306,887 31,635 62 31-Dec-03 MI 8.15000% 1-Apr-11 FUNB01CH Multifamily 1.50 4,179,309 32,003 63 31-Dec-03 CA 7.70000% 1-Apr-11 FUNB01CH Industrial 1.33 4,155,854 30,586 64 31-Dec-03 CA 7.23000% 1-Apr-11 FUNB01CH Retail 1.79 4,101,993 28,935 65 31-Dec-03 TX 8.72000% 1-Aug-15 FUNB01CH Multifamily 0.53 4,123,321 33,344 66 31-Dec-03 TX 7.72400% 1-Jul-11 FUNB01CH Office 0.74 4,050,832 29,800 67 31-Dec-03 MN 7.25000% 1-Apr-11 FUNB01CH Office 1.84 3,981,989 28,140 68 30-Dec-03 NY 7.92900% 1-Jun-11 FUNB01CH Mixed use 1.32 3,839,010 28,788 69 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 16 of 24 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Loan Level Detail Disclosure Control # Group Property Type Maturity Date PFY DSCR OperatingStatement Date Geo. Location Ending Principal Balance NoteRate Scheduled P&I Prepayment Amount Prepayment Date Loan Status Code (1) Statement Date: 31-Dec-03 NV 7.37500% 1-Mar-11 FUNB01CH Retail 1.83 3,590,053 27,773 70 31-Dec-03 NV 7.76000% 1-Mar-11 FUNB01CH Retail 1.01 3,631,938 26,891 B 71 31-Dec-03 GA 7.25000% 1-May-11 FUNB01CH Retail 1.66 3,575,478 25,241 72 20-Dec-03 NC 7.12500% 1-May-11 FUNB01CH Multifamily 1.38 3,571,926 24,928 73 31-Dec-03 VA 7.25000% 1-Apr-11 FUNB01CH Retail 1.73 3,378,657 23,876 74 31-Dec-03 IL 7.41000% 1-May-11 FUNB01CH Retail 1.30 3,374,819 24,174 75 31-Dec-03 CA 7.40000% 1-Mar-11 FUNB01CH Multifamily 1.29 3,260,408 23,375 76 31-Dec-03 IL 7.51000% 1-May-11 FUNB01CH Retail 1.25 3,243,779 23,447 77 31-Dec-03 ME 7.00000% 1-Apr-11 FUNB01CH Mobile home park 0.93 3,217,599 22,221 78 31-Dec-03 PA 7.78000% 1-Jul-11 FUNB01CH Retail 1.36 3,177,791 23,495 79 31-Dec-03 IL 7.25000% 1-Mar-11 FUNB01CH Retail 1.62 3,030,689 21,434 80 31-Dec-03 CA 7.25000% 1-Mar-11 FUNB01CH Industrial 2.27 2,893,719 20,465 81 31-Dec-03 MN 7.68000% 1-Jul-11 FUNB01CH Retail 1.26 2,874,523 21,063 82 31-Dec-03 MI 7.75000% 15-Jan-23 FUNB01CH Retail 1.00 2,809,961 22,373 83 31-Dec-03 TX 7.25000% 1-May-11 FUNB01CH Retail 1.29 2,813,998 19,865 84 31-Dec-03 TX 7.39500% 1-May-11 FUNB01CH Retail 1.35 2,718,504 19,446 85 31-Dec-03 IL 7.60000% 1-May-11 FUNB01CH Office 2.03 2,713,062 19,770 86 31-Dec-03 CO 7.46000% 1-May-11 FUNB01CH Multifamily 0.97 2,671,467 19,223 87 31-Dec-03 TX 7.09300% 1-May-08 FUNB01CH Multifamily 1.20 2,654,127 18,468 88 31-Dec-03 PA 7.90000% 1-Jan-23 FUNB01CH Retail 1.04 2,440,529 21,324 89 31-Dec-03 CO 7.93000% 1-Aug-11 FUNB01CH Mixed use 1.51 2,336,172 17,493 90 31-Dec-03 IL 7.00000% 1-Jul-06 FUNB01CH Multifamily 1.21 2,319,012 15,967 91 31-Dec-03 KS 7.32000% 1-Jul-11 FUNB01CH Multifamily 1.55 2,285,897 16,212 92 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 17 of 24 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Loan Level Detail Disclosure Control # Group Property Type Maturity Date PFY DSCR OperatingStatement Date Geo. Location Ending Principal Balance NoteRate Scheduled P&I Prepayment Amount Prepayment Date Loan Status Code (1) Statement Date: 31-Dec-03 IL 7.00000% 1-Jul-06 FUNB01CH Multifamily 1.47 2,125,761 14,637 93 31-Dec-03 OR 7.87500% 1-Jun-11 FUNB01CH Office 1.05 2,137,376 15,952 94 31-Dec-03 AR 7.22000% 1-Jun-11 FUNB01CH Multifamily 1.42 2,011,091 14,147 95 31-Dec-03 NJ 7.87000% 1-May-11 FUNB01CH Retail 1.52 1,844,670 13,770 96 31-Dec-03 MI 6.94200% 1-Nov-13 FUNB01CA Retail 0.97 1,458,513 18,320 97 31-Dec-03 CA 7.50000% 1-Apr-11 FUNB01CH Retail 1.68 1,697,514 12,271 98 31-Dec-03 CA 7.75000% 1-Apr-11 FUNB01CH Mixed use 1.29 1,687,196 12,473 99 30-Dec-03 SC 8.00000% 15-Jan-19 FUNB01CH Retail 1.13 1,598,961 15,111 100 31-Dec-03 TX 7.85000% 15-Oct-10 FUNB01CH Other 1.10 1,310,004 20,226 101 31-Dec-03 OH 7.25000% 1-Jun-11 FUNB01CH Retail 1.42 1,566,691 11,051 102 31-Dec-03 MI 6.94200% 1-Nov-13 FUNB01CC Retail 0.96 1,287,813 16,176 103 31-Dec-03 FL 7.50000% 1-Mar-11 FUNB01CH Multifamily 1.30 1,546,463 11,187 104 31-Dec-03 FL 7.37500% 1-Mar-11 FUNB01CH Multifamily 1.17 1,520,764 10,878 105 30-Dec-03 NC 8.12500% 1-Jan-20 FUNB01CH Retail 1.15 1,425,867 13,249 106 31-Dec-03 AZ 7.55000% 1-May-11 FUNB01CH Retail 1.47 1,452,879 10,540 107 31-Dec-03 CA 7.75000% 1-Apr-11 FUNB01CH Industrial 1.50 1,423,981 11,330 108 31-Dec-03 NY 7.87500% 1-Mar-11 FUNB01CH Mixed use 2.02 1,324,969 13,371 109 NC 1-Jul-11 FUNB01CH Mobile home park 1-Aug-04 110 FL 7.62500% 1-Apr-11 FUNB01CH Multifamily 0.00 1,297,358 9,484 B 111 31-Dec-03 MA 7.50000% 30-Apr-11 FUNB01CH Multifamily 2.24 1,238,073 8,950 112 31-Dec-03 WV 6.82000% 1-Nov-13 FUNB01CE Retail 0.98 1,021,245 12,765 113 31-Dec-03 CA 7.86000% 1-May-11 FUNB01CH Retail 1.58 1,164,971 8,688 114 31-Dec-03 TN 7.75000% 1-Apr-11 FUNB01CH Office 1.37 1,162,915 8,597 115 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 18 of 24 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Loan Level Detail Disclosure Control # Group Property Type Maturity Date PFY DSCR OperatingStatement Date Geo. Location Ending Principal Balance NoteRate Scheduled P&I Prepayment Amount Prepayment Date Loan Status Code (1) Statement Date: 31-Dec-03 VA 7.58000% 1-Apr-11 FUNB01CH Office 1.43 1,161,412 8,456 116 31-Dec-03 NV 7.87500% 1-Feb-11 FUNB01CH Multifamily 1.06 1,083,994 8,121 117 NY 8.62500% 1-Mar-11 FUNB01CH Office 0.00 1,049,241 8,934 118 31-Dec-03 NY 7.87000% 1-Mar-11 FUNB01CH Retail 1.50 960,917 8,698 119 31-Dec-03 IN 7.75000% 1-Jul-11 FUNB01CH Multifamily 0.99 971,599 7,164 120 31-Dec-03 CA 7.75000% 1-Apr-11 FUNB01CH Retail 0.94 911,919 6,741 121 31-Dec-03 NJ 7.62500% 1-Apr-11 FUNB01CH Multifamily 1.22 871,360 6,370 122 31-Dec-03 NJ 8.20000% 1-May-11 FUNB01CH Office 1.53 671,469 5,160 123 31-Dec-03 FL 8.37500% 1-Apr-11 FUNB01CH Multifamily 1.32 660,007 5,153 124 31-Dec-03 CA 8.00000% 1-Mar-11 FUNB01CH Retail 2.20 641,482 5,210 125 MI 6.94200% 1-Aug-11 FUNB01CB Retail 0.00 948,451 0 126 MI 6.94200% 1-Apr-06 FUNB01CD Retail 0.00 837,446 0 127 WV 6.82000% 1-Jun-11 FUNB01CF Retail 0.00 639,070 0 128 787,326,811 5,755,147 0 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 19 of 24 * 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. In Grace Period B. Late Payment but < 1 month delinq 1. Delinquent 1 month2. Delinquent 2 months 3. Delinquent 3+ months 4. Performing Matured Balloon 7. Foreclosure 9. REO 5. Non Performing Matured Ballon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Delinquent Loan Detail Disclosure Control # Paid Thru Date Current P&I Advance Outstanding P&I Advances** Out. Property Protection Advances Loan Status Code (1) Special Servicer Transfer Date Foreclosure Date Bankruptcy Date REO Date Statement Date: 1-Nov-04 266,341.89 266,341.89 0.00 B 2 1-Nov-04 241,498.60 241,498.60 0.00 23-Apr-04 B 3 1-Oct-04 89,110.62 178,220.92 0.00 8-Oct-04 1 14 1-Nov-04 37,976.40 37,976.40 0.00 B 52 1-Nov-04 26,739.90 26,739.90 0.00 B 71 1-Nov-04 9,430.34 9,430.34 0.00 27-Oct-04 B 111 671,097.76 760,208.05 Total 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 20 of 24 A. In Grace Period 1. Delinq. 1 month 2. Delinq. 2 months 3. Delinquent 3 + months 4. Performing Matured Balloon ** Outstanding P&I Advances include the current period P&I Advances and may include Servicer and Trust Advances. 7. Foreclosure 9. REO B. Late Payment but < 1 month delinq. 5. Non Performing Matured Balloon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Specially Serviced (Part I) ~ Loan Detail (End of Period) Disclosure Control # Servicing Xfer Date Balance NoteRate Maturity Date Remaining Property Type Geo. Location NOI DSCR NOIDate Schedule Actual Life Amort. Statement Date: Loan Status Code(1) 27-Oct-04 1,297,358 76 317 FL 7.63% 1-Apr-11 Multifamily 1,298,591 Not Avail. Not Avail. Not Avail. B 111 15-Dec-03 1,049,241 75 256 NY 8.63% 1-Mar-11 Office 1,049,241 Not Avail. Not Avail. Not Avail. 118 8-Oct-04 12,729,466 77 321 TX 7.44% 1-May-11 Multifamily 12,748,087 1,027,276 0.95 25-Aug-03 1 14 8-Oct-04 12,415,235 73 314 TX 7.51% 1-Jan-11 Mixed use 12,415,235 552,681 0.51 31-Dec-03 15 23-Apr-04 33,355,148 78 319 PA 7.60% 1-Jun-11 Multifamily 33,386,590 2,955,649 1.01 31-Dec-03 B 3 20-Oct-03 5,577,266 77 318 IN 7.74% 1-May-11 Retail 5,577,266 696,174 1.41 31-Dec-02 49 66,423,715 66,475,011 6 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 21 of 24 (1) Legend: A. P&I Adv - in Grace PeriodB. P&I Adv - < one month delinq 1. P&I Adv - delinquent 1 month2. P&I Adv - delinquent 2 months 3. P&I Adv - delinquent 3+ months4. Mat. Balloon/Assumed P&I 7. Foreclosure 9. REO 5. Non Performing Mat. Balloon First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Specially Serviced Loan Detail (Part II) ~ Servicer Comments (End of Period) Disclosure Control # Resolution Strategy Comments Statement Date: Other/TBD The loan was transferred to Lennar for monitoring after the Borrower requested debt relief because the Property is having cash flow problemsdue to structural damage from hurricanes Frances and Jeanne. The loan is current and the Borrower is paying on time. 111 Other/TBD Borrower is current. Counsel retained to research and potentially intervene in the litigation between named borrower (sponsor is IrisDevereaux) and property owner (sponsor Nicolas Filas) to whom property was transferred in 2001 without lender consent. Counsel contractedcourt and determined that a trail date still has not been set. 118 Foreclosure Borrower is unwilling to fund debt service going forward. Loan is due for the 08/11/2004 payment date. Borrower is marketing the propertyfor sale with CBRE. Foreclosure has been filed, expected foreclosure date is January 6, 2005. 14 15 Other/TBD Representative from REO department will inspect the property to determine if Borrower's accertions relative to deferred maintenance arereasonable in order to better analyze the Borrower's offer to pay loan off with a waiver of the prepayment premium. 3 Other/TBD Received notification October 27, 2004 that the TIC the borrowers put into place has been merged into and with our original borrower. Arecommendation for a consent to the change in ownership has been approved and a consent document is being prepared. The ownership ofthe partnership is now Gersten 50%, Swolsky 25% and Swolsky's ex-wife's Trust 25%. 49 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle BankN.A. Page 22 of 24 First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Modified Loan Detail Disclosure Control # Modification Date Cutoff Maturity Date Modification Description Modified Maturity Date Statement Date: 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 23 of 24 First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Dec-0415-Dec-04 15-Nov-04 18-Jan-05 30-Nov-04 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 ABN AMRO Acct: 720357.2 Realized Loss Detail Period Disclosure Control # Appraisal Date Appraisal Value BeginningScheduled Balance Gross Proceeds Gross Proceeds as a % of Sched. Balance Aggregate Liquidation Expenses * Net Liquidation Proceeds Net Proceeds as a % of Sched. Balance Realized Loss Statement Date: 200408 1,402,071.19 925,000.00 216,500.22 708,499.78 693,571.41 65.97% 50.53% 19-Mar-01 1,800,000.00 110 200403 4,416,599.25 4,967,194.67 603,853.36 4,363,341.31 53,257.94 112.47% 98.79% 20-Apr-01 5,900,000.00 60 5,818,670.44 5,892,194.67 820,353.58 5,071,841.09 746,829.35 Current TotalCumulative 14-Dec-2004 - 09:54 (G292-G295, G624-G642) (c) 2004 LaSalle Bank N.A. Page 24 of 24 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

First Union Commercial Mortgage Securities, Inc.

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Reporting Package Table of Contents

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Administrator:
Laura Kocha-Chaddha 312.904.0648
laura.kocha.chaddha@abnamro.com

Analyst:
Chris Suh 714.259.6266
chris.k.suh@abnamro.com

Statement Date:

135 S. LaSalle Street, Suite 1625
Chicago, IL 60603
USA

Statements to Certificateholders
Cash Reconciliation Summary
Shortfall Summary Report
Bond Interest Reconciliation

Asset-Backed Facts ~ 15 Month Loan Status Summary

Asset-Backed Facts ~ 15 Month Loan Payoff/Loss Summary
Mortgage Loan Characteristics

Loan Level Detail
Delinquent Loan Detail
Specially Serviced (Part I) - Loan Detail

Page 2-5
Page 6
Page 7
Page 8

Page 9

Page 10
Page 11-13

Page 14-19
Page 20

Page 21

Specially Serviced (Part II) - Servicer Comments

Modified Loan Detail
Realized Loss Detail

Page 22

Page 23
Page 24

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

FUNB01C3

FUNB01C3_200501_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

21-Aug-01
17-Sep-01

15-Aug-11

Parties to The Transaction

Issuer: Wachovia Bank, National Association

Depositor: First Union National Bank

Underwriter: ABN AMRO Incorporated

Master Servicer: Wachovia Bank, National Association

Special Servicer: Lennar Partners, Inc.

Rating Agency: Fitch, Inc./Fitch Ratings/Standard & Poor's

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.wachovia.com

www.etrustee.net

Page 1 of 24

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.460951%

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

First Union Commercial Mortgage Securities, Inc.

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

ABN AMRO Acct: 720357.2

336.288300600

14.239098400

0.000000000

322.049202200

1.456128400

Fixed

0.00

0.000000000

5.19600000%

0.000000000

33736XCT4

A-1

50,000,000.00

16,814,415.03

711,954.92

0.00

16,102,460.11

72,806.42

1000.000000000

0.000000000

1000.000000000

5.150000000

Fixed

0.00

0.000000000

6.18000000%

0.000000000

33736XCU1

A-2

139,853,000.00

0.00

139,853,000.00

720,242.95

1000.000000000

0.000000000

1000.000000000

5.352500006

Fixed

0.00

0.000000000

6.42300000%

0.000000000

33736XCV9

A-3

435,531,000.00

0.00

435,531,000.00

2,331,179.68

1000.000000000

0.000000000

1000.000000000

5.473333333

Fixed

0.00

0.000000000

6.56800000%

0.000000000

33736XCW7

33,777,000.00

0.00

33,777,000.00

184,872.78

1000.000000000

0.000000000

1000.000000000

5.532500204

Fixed

0.00

0.000000000

6.63900000%

0.000000000

33736XCX5

12,283,000.00

0.00

12,283,000.00

67,955.70

1000.000000000

0.000000000

1000.000000000

5.600000000

Fixed

0.00

0.000000000

6.72000000%

0.000000000

33736XCY3

23,541,000.00

0.00

23,541,000.00

131,829.60

1000.000000000

0.000000000

1000.000000000

5.690000000

Fixed

0.00

0.000000000

6.82800000%

0.000000000

33736XCZ0

11,259,000.00

0.00

11,259,000.00

64,063.71

1000.000000000

0.000000000

1000.000000000

6.000833673

7.201000000%

0.00

0.000000000

7.20100000%

0.000000000

33736XDE6

12,283,000.00

0.00

12,283,000.00

73,708.24

1000.000000000

0.000000000

1000.000000000

6.082500407

7.299000000%

0.00

0.000000000

7.29900000%

0.000000000

33736XDG1

12,282,000.00

0.00

12,282,000.00

74,705.27

1000.000000000

0.000000000

1000.000000000

6.173105105

7.407733150%

0.00

0.000000000

7.40772627%

0.000000000

33736XDJ5

12,283,000.00

0.00

12,283,000.00

75,824.25

1000.000000000

0.000000000

1000.000000000

5.129166802

Fixed

0.00

0.000000000

6.15500000%

0.000000000

33736XDL0

18,423,000.00

0.00

18,423,000.00

94,494.64

1000.000000000

0.000000000

1000.000000000

5.129166783

Fixed

0.00

0.000000000

6.15500000%

0.000000000

33736XDN6

14,330,000.00

0.00

14,330,000.00

73,500.96

1000.000000000

0.000000000

1000.000000000

5.129166260

Fixed

0.00

0.000000000

6.15500000%

0.000000000

33736XDQ9

6,141,000.00

0.00

6,141,000.00

31,498.21

1000.000000000

0.000000000

1000.000000000

5.129167074

Fixed

0.00

0.000000000

6.15500000%

0.000000000

33736XDS5

4,094,000.00

0.00

4,094,000.00

20,998.81

1000.000000000

0.000000000

1000.000000000

5.129166395

Fixed

0.00

0.000000000

6.15500000%

0.000000000

33736XDU0

6,142,000.00

0.00

6,142,000.00

31,503.34

Page 2 of 24

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

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.460951%

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

First Union Commercial Mortgage Securities, Inc.

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

REMIC II

Statement Date:

ABN AMRO Acct: 720357.2

1000.000000000

0.000000000

1000.000000000

5.129167074

Fixed

0.00

0.000000000

6.15500000%

0.000000000

33736XDW6

4,094,000.00

0.00

4,094,000.00

20,998.81

966.836275714

0.000000000

966.836275714

4.444583246

Fixed

0.00

)

(11,585.20

)

(0.514481231

6.15500000%

0.000000000

33736XDY2

22,518,217.00

21,771,429.06

0.00

21,771,429.06

100,084.09

958.560142938

0.000000000

957.690669111

0.401545738

0.501137089%

0.00

0.000000000

0.50268612%

0.000000000

33736XDA4

IO-I

818,834,217.00

784,901,844.09

0.00

784,189,889.17

328,799.39

1000.000000000

0.000000000

1000.000000000

0.712850083

0.855427099%

0.00

0.000000000

0.85542010%

0.000000000

33736XDC0

IO-II

469,425,000.00

0.00

469,425,000.00

334,629.65

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSG2922

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSG2930

R-II

0.00

Total P&I Payment

0.00

)

(11,585.20

818,834,217.00

784,901,844.09

5,545,651.42

Total

784,189,889.17

711,954.92

0.00

4,833,696.50

Page 3 of 24

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.460951%

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

First Union Commercial Mortgage Securities, Inc.

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Grantor Trust

Statement Date:

ABN AMRO Acct: 720357.2

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSG2948

Z-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSG2955

Z-II

0.00

Total P&I Payment

0.00

Total

0.00

Page 4 of 24

Class

CUSIP

Original

Opening

Principal

Negative

Closing

Interest

Pass-Through

Per $ 1000

Next Rate(3)

WAC:
WAMM:

Payment Date:
Prior Payment:
Next Payment:
Record Date:

7.460951%

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

First Union Commercial Mortgage Securities, Inc.

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

Companion

Statement Date:

ABN AMRO Acct: 720357.2

1261.024516515

0.000000000

1268.353012820

0.000000000

Fixed

5,486.79

7.328496305

6.88960000%

7.328496305

COMP-I

748,692.47

944,119.56

0.00

949,606.35

0.00

1261.024537348

0.000000000

1268.353023295

0.000000000

Fixed

4,844.62

7.328485947

6.88960000%

7.328485947

COMP-II

661,066.97

833,621.67

0.00

838,466.29

0.00

1255.886707686

0.000000000

1263.056636267

0.000000000

Fixed

3,632.05

7.169928581

6.76760000%

7.169928581

COMP-III

506,567.11

636,190.90

0.00

639,822.95

0.00

Total P&I Payment

13,963.46

1,916,326.55

2,413,932.13

0.00

Total

2,427,895.59

0.00

Page 5 of 24

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

4,634,723.26

)

(13,963.46

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

5,040,303.02

Unscheduled Interest:
Prepayment Penalties

0.00

Yield Maintenance Penalties

0.00

Other Interest Proceeds

0.00

Total

0.00

Less Fees & Expenses Paid By/To Servicer

Less Fee Paid To Servicer
Less Fee Strips Paid by Servicer

Special Servicing Fees

Interest Due Serv on Advances

Recoup of Prior Advances

Misc. Fees & Expenses

Total Unscheduled Fees & Expenses
Total Interest Due Trust

Less Fees & Expenses Paid By/To Trust
Trustee Fee
Fee Strips
Misc. Fees
Interest Reserve Withholding

Plus Interest Reserve Deposit
Total

Total Interest Due Certs

Principal Summary

Scheduled Principal:
Current Scheduled Principal
Advanced Scheduled Principal
Scheduled Principal
Unscheduled Principal:
Curtailments
Prepayments in Full
Liquidation Proceeds
Repurchase Proceeds
Other Principal Proceeds
Total Unscheduled Principal
Remittance Principal

Remittance P&I Due Trust

Remittance P&I Due Certs

Pool Balance Summary

Beginning Pool
Scheduled Principal
Unscheduled Principal
Deferred Interest
Liquidations
Repurchases

Ending Pool

Balance

Count

Principal

Interest

Prior Outstanding
Plus Current Period
Less Recovered

Ending Outstanding

Servicing Fee Summary

Current Servicing Fees
Plus Fees Advanced for PPIS
Less Reduction for PPIS
Plus Delinquent Servicing Fees

Total Servicing Fees

PPIS Summary

Gross PPIS
Reduced by PPIE
Reduced by Shortfalls in Fees
Reduced by Other Amounts

PPIS Reducing Scheduled
Interest

PPIS Reducing Servicing Fee
PPIS Due Certificate

0.00

)

(11,585.20

0.00
0.00

0.00

)

(11,585.20

4,997,250.18

)

(1,569.80

0.00
0.00

)

(161,983.90

)

(163,553.71

664,294.74

47,660.18

711,954.92

0.00
0.00
0.00
0.00
0.00
0.00

711,954.92

5,709,205.10

5,545,651.40

787,326,810.67

126

711,954.92

0.00

13,963.46

0.00

786,628,819.21

126

97,877.21

662,330.84

47,660.18

419,543.22

66,281.63

579,142.68

31,467.63

0.00
0.00

2,889.51

34,357.14

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(31,467.63

4,833,696.48

Interest Not Advanced (

Current Period

)

0.00

419,543.22

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

)

(502,731.37

)

(79,255.76

0.00

Advance Summary (Advance Made by Servicer)

Page 6 of 24

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Interest Adjustments Summary

Statement Date:

0.00

11,585.20

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

11,585.20

Shortfall Allocated to the Bonds:

Excess Allocated to the Bonds:

Other Interest Proceeds Due the Bonds

Yield Maintenance Penalties Due the Bonds

Prepayment Penalties Due the Bonds

Recovered ASER Interest Due the Bonds

Recovered Interest Due the Bonds

Less Total Shortfall Allocated to the Bonds

Total Excess Allocated to the Bonds

0.00

0.00

Total Excess Allocated to the Bonds

)

(11,585.20

)

(11,585.20

Aggregate Interest Adjustment Allocated to the Bonds

0.00

Prepayment Interest Excess Due the Bonds

0.00

ARD Excess Interest

0.00

Net Prepayment Int. Shortfalls Allocated to the Bonds

Other Interest Loss

Page 7 of 24

First Union Commercial Mortgage Securities, Inc.

Class

Accrued

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Bond Interest Reconciliation

Deductions

Allocable

Deferred &

Prior

Prepay-

Other

Additions

Interest

Credit Support

Original

Current(4)

Accrual

Int. Short-

falls Due

ment

Interest

Interest (2)

Payment

Amount

PPIS

Interest

Certificate

Accretion

Interest

Loss/Exp

Interest

Penalties

Proceeds (1)

Interest

Shortfalls

Certificate

Rate

Pass

Thru

Method Days

Outstanding

Remaining

Statement Date:

Distributable

Current Period

(Shortfall)/

Recovery

Int Accrual

on Prior

Shortfall (3)

0.00

A-1

72,806.42

0.00

23.63%

24.57%

30/360

5.196000000%

0.00

A-2

720,242.95

0.00

23.63%

24.57%

30/360

6.180000000%

0.00

A-3

2,331,179.68

0.00

23.63%

24.57%

30/360

6.423000000%

0.00

184,872.78

0.00

19.50%

20.27%

30/360

6.568000000%

0.00

67,955.70

0.00

18.00%

18.70%

30/360

6.639000000%

0.00

131,829.60

0.00

15.13%

15.70%

30/360

6.720000000%

0.00

64,063.71

0.00

13.75%

14.26%

30/360

6.828000000%

0.00

73,708.24

0.00

12.25%

12.70%

30/360

7.201000000%

0.00

74,705.27

0.00

10.75%

11.13%

30/360

7.299000000%

0.00

75,824.25

0.00

9.25%

9.56%

30/360

7.407726274%

0.00

94,494.64

0.00

7.00%

7.21%

30/360

6.155000000%

0.00

73,500.96

0.00

5.25%

5.39%

30/360

6.155000000%

0.00

31,498.21

0.00

4.50%

4.60%

30/360

6.155000000%

0.00

20,998.81

0.00

4.00%

4.08%

30/360

6.155000000%

0.00

31,503.34

0.00

3.25%

3.30%

30/360

6.155000000%

0.00

20,998.81

0.00

2.75%

2.78%

30/360

6.155000000%

0.00

111,669.29

236,699.72

100,084.09

136,615.63

0.00%

30/360

6.155000000%

)

(11,585.20

125,030.43

0.00

IO-I

328,799.39

0.00

30/360

0.502686124%

0.00

IO-II

334,629.65

0.00

30/360

0.855420099%

0.00

Z-I

0.00

30/360

0.000000000%

0.00

Z-II

0.00

30/360

0.000000000%

0.00

4,845,281.70

4,970,312.13

4,833,696.50

136,615.63

)

(11,585.20

125,030.43

0.00

(2) Accrued - Deductions + Additions Interest

(3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable.

Page 8 of 24

(1) Other Interest Proceeds are additional interest amounts specifically allocated to the bond(s) and used in determining the bonds Distributable Interest.

(4) 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).

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

Asset-Backed Facts ~ 15 Month Historical Loan Status Summary

Distribution

Date

Delinq 1 Month

Delinq 2 Months

Delinq 3+ Months

Foreclosure

REO

Modifications

Specially Serviced

Bankruptcy

# Balance

Delinquency Aging Categories

Special Event Categories (1)

Statement Date:

ABN AMRO Acct: 720357.2

0.00%

0.79%

1.62%

0.00%

4.76%

8.44%

18-Jan-05

12,721,378

66,375,123

0.79%

1.62%

0.00%

4.76%

8.44%

15-Dec-04

1 12,729,466

66,423,715

0.00%

0.79%

12,740,118

1.62%

0.00%

3.97%

6.86%

15-Nov-04

54,058,337

0.00%

0.79%

1.62%

0.00%

3.17%

6.69%

15-Oct-04

12,748,087

52,796,993

0.79%

1.62%

0.00%

2.38%

5.08%

15-Sep-04

1 12,758,625

40,086,451

0.00%

3.17%

5.24%

16-Aug-04

41,416,991

0.00%

0.79%

1,402,071

0.18%

0.00%

3.15%

5.24%

15-Jul-04

41,546,014

0.00%

0.79%

1,403,374

0.18%

0.00%

3.15%

5.24%

15-Jun-04

41,584,260

0.00%

0.79%

1,404,380

0.18%

0.00%

3.15%

5.24%

17-May-04

41,613,487

0.00%

0.79%

1,405,669

0.18%

0.00%

3.15%

1.54%

15-Apr-04

12,223,204

0.79%

0.16%

0.00%

0.79%

1,406,659

0.18%

0.00%

3.15%

1.54%

15-Mar-04

1,306,838

12,231,173

0.78%

0.16%

0.00%

1.56%

5,824,824

0.73%

0.00%

3.91%

2.08%

17-Feb-04

1,308,287

16,661,170

0.00%

0.78%

0.16%

1.56%

5,828,155

0.73%

0.00%

3.91%

2.08%

15-Jan-04

1,309,175

16,671,347

0.78%

0.16%

0.00%

1.56%

5,831,463

0.73%

0.00%

3.13%

1.95%

15-Dec-03

1,310,058

15,617,709

0.78%

0.13%

0.78%

0.16%

1.56%

5,836,057

0.73%

0.00%

3.91%

2.11%

17-Nov-03

1,065,024

1,311,210

16,941,442

(1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category

Page 9 of 24

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Series 2001-C3

Asset-Backed Facts ~ 15 Month Historical Payoff/Loss Summary

Distribution

Date

Ending Pool (1)

Payoffs(2)

Penalties

Appraisal Reduct. (2)

Liquidations (2)

Realized Losses (2)

Remaining Term

Curr Weighted Avg.

# Balance

# Amount

# Balance

# Amount

Life

Coupon Remit

Statement Date:

Amort

ABN AMRO Acct: 720357.2

Commercial Mortgage Pass-Through Certificates

18-Jan-05

126

100.80%

786,628,819

96.07%

0.00%

306

7.46%

7.41%

15-Dec-04

126

100.80%

787,326,811

96.15%

0.00%

307

7.46%

7.41%

15-Nov-04

126

100.80%

788,181,467

96.26%

0.00%

308

7.71%

7.65%

15-Oct-04

126

100.80%

788,869,543

96.34%

0.00%

309

7.46%

7.41%

15-Sep-04

126

100.80%

789,714,659

96.44%

0.00%

310

7.71%

7.65%

16-Aug-04

126

100.80%

790,392,945

96.53%

0.00%

0.79%

1,402,071

0.18%

0.79%

693,571

0.09%

311

7.71%

7.65%

15-Jul-04

127

101.60%

792,468,971

96.78%

0.00%

312

7.46%

7.41%

15-Jun-04

127

101.60%

793,301,803

96.88%

0.00%

313

7.71%

7.65%

17-May-04

127

101.60%

793,966,513

96.96%

0.00%

314

7.46%

7.41%

15-Apr-04

127

101.60%

794,789,448

97.06%

0.00%

315

7.71%

7.65%

15-Mar-04

127

101.60%

795,444,659

97.14%

0.00%

0.78%

4,416,599

0.55%

0.78%

53,258

0.01%

316

7.47%

7.41%

498,344

17-Feb-04

128

102.40%

800,837,888

97.80%

0.00%

317

7.47%

7.41%

15-Jan-04

128

102.40%

801,485,034

97.88%

0.00%

318

7.71%

7.66%

15-Dec-03

128

102.40%

802,127,148

97.96%

0.00%

319

7.47%

7.41%

17-Nov-03

128

102.40%

802,929,403

98.06%

0.00%

320

7.71%

7.66%

(1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period.

Page 10 of 24

First Union Commercial Mortgage Securities, Inc.

Mortgage Loan Characteristics

ABN AMRO Acct: 720357.2

Series 2001-C3

Commercial Mortgage Pass-Through Certificates

Wachovia Bank, National Association, as Servicer

31-Dec-04

15-Feb-05

15-Dec-04

18-Jan-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Distribution of Mortgage Interest Rates

Distribution of Principal Balances

Distribution of Remaining Term (Balloon)

Distribution of Remaining Term (Fully Amortizing)

Page 11 of 24

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

38,381,963

4.88

7.62

1.20

0 to

2,000,000

82,608,101

10.50

7.43

1.41

2,000,000 to

4,000,000

115,394,472

14.67

7.58

1.31

4,000,000 to

6,000,000

100,946,600

12.83

7.46

1.41

6,000,000 to

8,000,000

52,404,418

6.66

7.34

1.40

8,000,000 to 10,000,000

202,389,178

25.73

7.49

1.24

10,000,000 to 15,000,000

15,240,559

1.94

7.50

1.74

15,000,000 to 20,000,000

43,261,789

5.50

7.12

2.63

20,000,000 to 25,000,000

25,318,068

3.22

7.63

1.70

25,000,000 to 30,000,000

33,330,550

4.24

7.60

1.01

30,000,000 to 35,000,000

77,353,121

9.83

7.32

1.28

35,000,000 to 40,000,000

0.00

40,000,000 &

Above

39,705,307

640,691

786,628,819

126

100.00%

Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance

6,243,086

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

26,404,526

3.36

6.62

1.57

6.500%

6.750%

62,589,634

7.96

6.98

1.06

6.751%

7.000%

87,100,069

11.07

7.20

1.49

7.001%

7.250%

274,055,558

34.84

7.38

1.43

7.251%

7.500%

233,154,867

29.64

7.61

1.47

7.501%

7.750%

66,611,462

8.47

7.85

1.40

7.751%

8.000%

6,270,282

0.80

8.15

1.42

8.001%

8.250%

25,273,380

3.21

8.40

0.81

8.251%

8.500%

5,169,039

0.66

116

8.70

0.42

8.501%

8.750%

0.00

8.751%

Above

126

786,628,819

Minimum Mortgage Interest Rate
Maximum Mortgage Interest Rate

100.00%

6.600%
8.720%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

71,522,268

9.09

7.67

2.03

3,742,002

0.48

106

6.91

0.97

110

0.00

111

140

3,017,459

0.38

174

8.06

1.14

141

200

2,435,808

0.31

216

7.90

1.04

201

Above

216

80,717,537

Minimum Remaining Term

Maximum Remaining Term

10.26%

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

66,325,236

8.43

7.36

1.14

101

626,053,698

79.59

7.43

1.37

0.00

120

4,120,939

0.52

127

8.72

0.53

121

150

6,605,068

0.84

161

8.44

1.01

151

180

0.00

181

210

2,806,341

0.36

216

7.75

1.00

211

240

0.00

241

& Above

216

112

705,911,283

Minimum Remaining Term

Maximum Remaining Term

89.74

First Union Commercial Mortgage Securities, Inc.

Mortgage Loan Characteristics

ABN AMRO Acct: 720357.2

Series 2001-C3

Commercial Mortgage Pass-Through Certificates

Wachovia Bank, National Association, as Servicer

31-Dec-04

15-Feb-05

15-Dec-04

18-Jan-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 12 of 24

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

30,895,144

3.93

7.84

0.56

0.001 0.750

23,704,599

3.01

8.00

0.83

0.751 0.875

46,870,512

5.96

7.21

0.97

0.876 1.000

77,340,224

9.83

7.54

1.04

1.001 1.125

106,239,106

13.51

7.43

1.19

1.126 1.250

87,299,985

11.10

7.44

1.32

1.251 1.375

165,422,890

21.03

7.45

1.44

1.376 1.500

92,495,023

11.76

7.51

1.56

1.501 1.625

80,967,620

10.29

7.28

1.69

1.626 1.750

31,525,716

4.01

7.35

1.83

1.751 1.875

0.00

1.876 2.000

15,988,141

2.03

7.46

2.15

2.001 2.500

0.00

2.501 3.000

23,096,437

2.94

7.58

3.50

3.001 & Above

4,783,422

0.61

7.48

0.00

Unknown

3.500
0.410

126

786,628,819

100.00%

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

0.00

0.001 0.750

6,548,343

0.83

153

7.27

0.98

0.751 1.000

213,944,390

27.20

7.63

1.24

1.001 1.250

532,972,301

67.75

7.40

1.38

1.251 1.500

2,334,631

0.30

7.93

1.51

1.501 1.750

5,293,787

0.67

7.00

1.24

1.751 2.000

23,096,437

2.94

7.58

3.50

2.001 2.250

0.00

2.251 2.500

0.00

2.501 2.750

0.00

2.751 & Above

2,438,930

0.31

6.91

0.00

Unknown

2.080

1.000

126

786,628,819 100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

California

111,325,086

14.15

7.53

1.51

Texas

110,223,745

14.01

7.39

0.99

Florida

89,659,803

11.40

7.41

1.40

CMBS Certificate

66,969,314

8.51

7.42

1.43

Pennsylvania

45,987,068

5.85

7.57

1.09

Michigan

43,446,662

5.52

7.55

1.37

Maryland

43,261,789

5.50

7.12

2.63

North Carolina

35,005,545

4.45

7.29

1.39

Illinois

34,032,524

4.33

7.18

1.44

New York

22,773,305

2.90

7.75

1.46

Nevada

15,772,526

2.01

7.73

1.44

New Jersey

15,710,239

2.00

8.23

0.98

Washington

14,339,995

1.82

7.60

1.23

Wisconsin

13,469,572

1.71

7.42

1.46

Virginia

13,417,433

1.71

7.34

1.60

District of Columbia

12,662,750

1.61

7.39

1.42

Iowa

12,415,871

1.58

7.75

1.43

Massachusetts

9,927,010

1.26

7.19

1.48

Arizona

9,243,939

1.18

7.28

1.26

Ohio

8,951,389

1.14

7.35

1.47

West Virginia

8,262,054

1.05

148

8.12

0.93

Minnesota

6,851,178

0.87

7.43

1.60

Indiana

6,544,204

0.83

7.74

1.35

Missouri

5,437,184

0.69

7.75

1.48

Mississippi

5,323,672

0.68

7.83

1.18

Colorado

5,004,037

0.64

7.68

1.22

Alabama

4,637,187

0.59

7.22

0.72

Georgia

3,572,559

0.45

7.25

1.66

Maine

3,214,773

0.41

7.00

0.93

Kansas

2,284,095

0.29

7.32

1.55

Oregon

2,135,919

0.27

7.88

1.05

Arkansas

2,009,448

0.26

7.22

1.42

South Carolina

1,594,865

0.20

168

8.00

1.13

Tennessee

1,162,079

0.15

7.75

1.37

100.00

786,628,819

126

First Union Commercial Mortgage Securities, Inc.

Mortgage Loan Characteristics

ABN AMRO Acct: 720357.2

Series 2001-C3

Commercial Mortgage Pass-Through Certificates

Wachovia Bank, National Association, as Servicer

31-Dec-04

15-Feb-05

15-Dec-04

18-Jan-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Distribution of Loan Seasoning

Distribution of Property Types

Distribution of Year Loans Maturing

Distribution of Amortization Type

Page 13 of 24

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Multifamily

239,143,383

30.40

7.47

1.11

Retail

202,131,907

25.70

7.43

1.43

Office

138,546,672

17.61

7.40

1.45

Industrial

83,116,106

10.57

7.53

1.39

Mixed use

53,970,941

6.86

7.56

1.28

Self storage

29,321,500

3.73

7.50

1.78

Lodging

23,096,437

2.94

7.58

3.50

Mobile home park

16,003,240

2.03

7.30

1.23

Other

1,298,633

0.17

7.85

1.10

786,628,819

126

100.00%

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

AmortizingBalloon

111

716,548,888

91.09

7.49

1.43

Full Amortizing

9,045,271

1.15

153

7.69

1.06

IO/Amortizing/Balloon

58,595,730

7.45

7.12

1.07

Other

2,438,930

0.31

6.91

0.00

786,628,819

126

100.00%

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

122

760,461,968

96.67

1.41

7.44

26,166,851

3.33

0.90

8.09

0.00

108

0.00

109

120

0.00

121

126

786,628,819

100.00%

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

2005

59,414,371

7.55

7.39

1.09

2006

0.00

2007

7,753,156

0.99

7.03

1.39

2008

0.00

2009

21,921,951

2.79

7.96

0.96

2010

105

674,811,725

85.79

7.44

1.45

2011

0.00

2012

3,742,002

0.48

106

6.91

0.97

2013

0.00

2014

4,120,939

0.52

127

8.72

0.53

2015

14,864,676

1.89

183

8.14

1.04

2016 & Greater

100.00

786,628,819

126

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

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)

Statement Date:

31-Dec-03

7.30000%

1-Aug-11

FUNB01CH

Retail

1.40

39,705,307

281,084

31-Dec-03

7.35000%

1-Apr-06

FUNB01CH

Multifamily

1.16

37,647,814

268,699

31-Dec-03

7.60000%

1-Jun-11

FUNB01CH

Multifamily

1.01

33,330,550

242,890

31-Dec-03

7.62500%

1-Jul-11

FUNB01CH

Office

1.70

25,318,068

184,734

31-Dec-03

7.57600%

1-Jan-11

FUNB01CG

Lodging

3.50

23,096,437

180,282

31-Dec-03

6.60000%

1-May-11

FUNB01CH

Office

1.63

20,165,352

134,118

31-Dec-03

7.50000%

1-Apr-11

FUNB01CH

Self storage

1.74

15,240,559

119,074

31-Dec-03

7.27300%

1-May-11

FUNB01CH

Retail

1.41

14,013,207

104,270

31-Dec-03

7.50000%

1-Mar-11

FUNB01CH

Mixed use

1.48

14,370,945

104,043

31-Dec-03

7.50000%

1-Apr-11

FUNB01CH

Self storage

1.83

14,080,941

110,014

31-Dec-03

7.60100%

1-Jun-11

FUNB01CH

Industrial

1.23

14,339,995

104,509

31-Dec-02

7.52000%

1-Aug-11

FUNB01CH

Multifamily

1.49

14,307,204

103,336

31-Dec-03

7.18000%

1-Apr-11

FUNB01CH

Retail

1.53

14,199,337

99,786

25-Aug-03

7.44000%

1-May-11

FUNB01CH

Multifamily

0.95

12,721,378

89,641

31-Dec-03

7.51000%

1-Jan-11

FUNB01CH

Mixed use

0.51

12,405,419

90,105

31-Dec-03

7.75000%

1-Jun-11

FUNB01CH

Office

1.43

12,415,871

91,701

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

0.97

12,308,514

85,108

31-Dec-03

8.32700%

1-Oct-10

FUNB01CH

Multifamily

0.85

12,325,075

99,746

31-Dec-03

7.41000%

1-Jun-11

FUNB01CH

Multifamily

1.28

12,093,923

86,633

31-Dec-03

7.65000%

1-Apr-11

FUNB01CH

Office

0.81

11,379,524

83,439

31-Dec-03

7.61000%

1-Jul-11

FUNB01CH

Industrial

1.38

11,154,248

81,278

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

1.07

10,269,234

71,007

31-Dec-03

7.50800%

1-May-11

FUNB01CH

Retail

1.48

10,004,363

72,355

Page 14 of 24

* 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. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

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)

Statement Date:

31-Dec-03

7.32400%

1-Mar-11

FUNB01CH

Office

1.61

9,450,894

67,346

31-Dec-03

7.35000%

1-Apr-11

FUNB01CH

Retail

1.57

8,881,023

63,385

31-Dec-03

7.80000%

1-Jun-11

FUNB01CH

Retail

1.57

8,830,136

65,508

31-Dec-03

7.15000%

1-Jun-11

FUNB01CH

Office

1.37

8,689,892

60,787

31-Dec-03

7.42000%

1-Nov-10

FUNB01CH

Multifamily

1.11

8,298,243

64,941

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

1.12

8,254,230

57,075

31-Dec-03

7.23000%

1-Apr-11

FUNB01CH

Industrial

1.22

7,792,154

55,010

31-Dec-03

7.92400%

1-Jul-11

FUNB01CH

Office

1.55

7,757,490

58,132

31-Dec-03

7.61800%

1-Jul-11

FUNB01CH

Mobile home park

1.18

7,687,181

56,055

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

0.98

7,525,916

52,039

31-Dec-03

7.27000%

1-May-11

FUNB01CH

Office

1.49

7,516,457

52,632

31-Dec-03

7.86000%

1-Jun-11

FUNB01CH

Industrial

1.51

7,474,907

55,750

31-Dec-03

7.37000%

1-Apr-11

FUNB01CH

Retail

1.48

7,385,968

52,811

31-Dec-03

7.50000%

1-Jun-11

FUNB01CH

Office

1.29

7,261,351

52,441

31-Dec-03

7.37000%

1-Mar-11

FUNB01CH

Mixed use

2.16

7,187,382

51,430

31-Dec-02

7.19000%

1-May-11

FUNB01CH

Industrial

1.36

7,045,125

49,502

31-Dec-03

8.44000%

1-Jun-18

FUNB01CH

Retail

1.01

6,605,068

61,791

31-Dec-03

7.40700%

1-Jul-11

FUNB01CH

Industrial

1.52

6,779,321

48,500

31-Dec-03

7.54000%

1-Jun-11

FUNB01CH

Multifamily

1.57

6,689,106

48,435

31-Dec-03

6.68700%

1-Apr-11

FUNB01CH

Office

1.37

6,239,174

41,887

31-Dec-03

7.39000%

1-May-11

FUNB01CH

Retail

1.75

5,799,847

41,502

31-Dec-03

7.37500%

1-May-11

FUNB01CH

Retail

1.66

5,799,155

41,441

31-Dec-03

7.15000%

1-Apr-11

FUNB01CH

Retail

1.83

5,782,391

40,524

Page 15 of 24

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

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)

Statement Date:

31-Dec-03

7.45000%

1-May-11

FUNB01CH

Industrial

1.58

5,705,890

41,052

31-Dec-03

8.50000%

1-Mar-06

FUNB01CH

Multifamily

0.41

5,683,624

44,905

31-Dec-02

7.74000%

1-May-11

FUNB01CH

Retail

1.41

5,573,285

41,154

25-Dec-03

7.30000%

1-May-06

FUNB01CH

Mixed use

1.18

5,505,893

39,078

31-Dec-03

7.75100%

1-Jul-11

FUNB01CH

Office

1.48

5,437,184

40,123

31-Dec-03

7.25000%

1-Apr-11

FUNB01CH

Retail

1.60

5,401,398

38,202

31-Dec-03

7.00000%

1-Apr-06

FUNB01CH

Multifamily

1.24

5,293,787

36,592

31-Dec-03

7.83000%

1-Jul-11

FUNB01CH

Mixed use

1.18

5,323,672

39,563

31-Dec-03

7.70000%

1-Apr-11

FUNB01CH

Industrial

1.37

5,295,092

38,999

31-Dec-03

7.00000%

1-Apr-08

FUNB01CH

Mobile home park

1.49

5,101,286

35,261

31-Dec-03

7.58000%

1-Jul-11

FUNB01CH

Multifamily

1.32

5,091,037

36,997

31-Dec-03

7.45000%

1-Apr-11

FUNB01CH

Industrial

1.20

4,726,992

36,787

31-Dec-03

7.22000%

1-Jun-11

FUNB01CH

Multifamily

0.72

4,637,187

32,647

1-Jun-11

FUNB01CH

Office

1-Mar-04

31-Dec-03

7.78000%

1-Jul-11

FUNB01CH

Industrial

1.30

4,336,083

32,080

31-Dec-03

7.67000%

1-Mar-11

FUNB01CH

Multifamily

1.24

4,303,699

31,635

31-Dec-03

8.15000%

1-Apr-11

FUNB01CH

Multifamily

1.50

4,176,637

32,003

31-Dec-03

7.70000%

1-Apr-11

FUNB01CH

Industrial

1.33

4,152,823

30,586

31-Dec-03

7.23000%

1-Apr-11

FUNB01CH

Retail

1.79

4,098,596

28,935

31-Dec-03

8.72000%

1-Aug-15

FUNB01CH

Multifamily

0.53

4,120,939

33,344

31-Dec-03

7.72400%

1-Jul-11

FUNB01CH

Office

0.74

4,047,975

29,800

31-Dec-03

7.25000%

1-Apr-11

FUNB01CH

Office

1.84

3,978,709

28,140

30-Dec-03

7.92900%

1-Jun-11

FUNB01CH

Mixed use

1.32

3,836,434

28,788

Page 16 of 24

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

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)

Statement Date:

31-Dec-03

7.37500%

1-Mar-11

FUNB01CH

Retail

1.83

3,585,079

27,773

31-Dec-03

7.76000%

1-Mar-11

FUNB01CH

Retail

1.01

3,629,316

26,891

31-Dec-03

7.25000%

1-May-11

FUNB01CH

Retail

1.66

3,572,559

25,241

20-Dec-03

7.12500%

1-May-11

FUNB01CH

Multifamily

1.38

3,568,913

24,928

31-Dec-03

7.25000%

1-Apr-11

FUNB01CH

Retail

1.73

3,375,874

23,876

31-Dec-03

7.41000%

1-May-11

FUNB01CH

Retail

1.30

3,372,179

24,174

31-Dec-03

7.40000%

1-Mar-11

FUNB01CH

Multifamily

1.29

3,257,809

23,375

31-Dec-03

7.51000%

1-May-11

FUNB01CH

Retail

1.25

3,241,310

23,447

31-Dec-03

7.00000%

1-Apr-11

FUNB01CH

Mobile home park

0.93

3,214,773

22,221

31-Dec-03

7.78000%

1-Jul-11

FUNB01CH

Retail

1.36

3,175,586

23,495

31-Dec-03

7.25000%

1-Mar-11

FUNB01CH

Retail

1.62

3,028,176

21,434

31-Dec-03

7.25000%

1-Mar-11

FUNB01CH

Industrial

2.27

2,891,320

20,465

31-Dec-03

7.68000%

1-Jul-11

FUNB01CH

Retail

1.26

2,872,470

21,063

31-Dec-03

7.75000%

15-Jan-23

FUNB01CH

Retail

1.00

2,806,341

22,373

31-Dec-03

7.25000%

1-May-11

FUNB01CH

Retail

1.29

2,811,701

19,865

31-Dec-03

7.39500%

1-May-11

FUNB01CH

Retail

1.35

2,716,369

19,446

31-Dec-03

7.60000%

1-May-11

FUNB01CH

Office

2.03

2,711,047

19,770

31-Dec-03

7.46000%

1-May-11

FUNB01CH

Multifamily

0.97

2,669,406

19,223

31-Dec-03

7.09300%

1-May-08

FUNB01CH

Multifamily

1.20

2,651,870

18,468

31-Dec-03

7.90000%

1-Jan-23

FUNB01CH

Retail

1.04

2,435,808

21,324

31-Dec-03

7.93000%

1-Aug-11

FUNB01CH

Mixed use

1.51

2,334,631

17,493

31-Dec-03

7.00000%

1-Jul-06

FUNB01CH

Multifamily

1.21

2,317,023

15,967

31-Dec-03

7.32000%

1-Jul-11

FUNB01CH

Multifamily

1.55

2,284,095

16,212

Page 17 of 24

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

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)

Statement Date:

31-Dec-03

7.00000%

1-Jul-06

FUNB01CH

Multifamily

1.47

2,123,938

14,637

31-Dec-03

7.87500%

1-Jun-11

FUNB01CH

Office

1.05

2,135,919

15,952

31-Dec-03

7.22000%

1-Jun-11

FUNB01CH

Multifamily

1.42

2,009,448

14,147

31-Dec-03

7.87000%

1-May-11

FUNB01CH

Retail

1.52

1,843,402

13,770

31-Dec-03

6.94200%

1-Nov-13

FUNB01CA

Retail

0.97

1,448,630

18,320

31-Dec-03

7.50000%

1-Apr-11

FUNB01CH

Retail

1.68

1,696,206

12,271

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Mixed use

1.29

1,685,983

12,473

30-Dec-03

8.00000%

15-Jan-19

FUNB01CH

Retail

1.13

1,594,865

15,111

100

31-Dec-03

7.85000%

15-Oct-10

FUNB01CH

Other

1.10

1,298,633

20,226

101

31-Dec-03

7.25000%

1-Jun-11

FUNB01CH

Retail

1.42

1,565,421

11,051

102

31-Dec-03

6.94200%

1-Nov-13

FUNB01CC

Retail

0.96

1,279,087

16,176

103

31-Dec-03

7.50000%

1-Mar-11

FUNB01CH

Multifamily

1.30

1,545,263

11,187

104

31-Dec-03

7.37500%

1-Mar-11

FUNB01CH

Multifamily

1.17

1,519,544

10,878

105

30-Dec-03

8.12500%

1-Jan-20

FUNB01CH

Retail

1.15

1,422,594

13,249

106

31-Dec-03

7.55000%

1-May-11

FUNB01CH

Retail

1.47

1,451,785

10,540

107

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Industrial

1.50

1,422,155

11,330

108

31-Dec-03

7.87500%

1-Mar-11

FUNB01CH

Mixed use

2.02

1,320,583

13,371

109

1-Jul-11

FUNB01CH

Mobile home park

1-Aug-04

110

7.62500%

1-Apr-11

FUNB01CH

Multifamily

0.00

1,296,392

9,484

111

31-Dec-03

7.50000%

30-Apr-11

FUNB01CH

Multifamily

2.24

1,237,118

8,950

112

31-Dec-03

6.82000%

1-Nov-13

FUNB01CE

Retail

0.98

1,014,284

12,765

113

31-Dec-03

7.86000%

1-May-11

FUNB01CH

Retail

1.58

1,164,168

8,688

114

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Office

1.37

1,162,079

8,597

115

Page 18 of 24

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

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)

Statement Date:

31-Dec-03

7.58000%

1-Apr-11

FUNB01CH

Office

1.43

1,160,537

8,456

116

31-Dec-03

7.87500%

1-Feb-11

FUNB01CH

Multifamily

1.06

1,083,224

8,121

117

8.62500%

1-Mar-11

FUNB01CH

Office

0.00

1,048,100

8,934

118

31-Dec-03

7.87000%

1-Mar-11

FUNB01CH

Retail

1.50

958,732

8,698

119

31-Dec-03

7.75000%

1-Jul-11

FUNB01CH

Multifamily

0.99

970,919

7,164

120

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Retail

0.94

911,264

6,741

121

31-Dec-03

7.62500%

1-Apr-11

FUNB01CH

Multifamily

1.22

870,711

6,370

122

31-Dec-03

8.20000%

1-May-11

FUNB01CH

Office

1.53

671,051

5,160

123

31-Dec-03

8.37500%

1-Apr-11

FUNB01CH

Multifamily

1.32

659,614

5,153

124

31-Dec-03

8.00000%

1-Mar-11

FUNB01CH

Retail

2.20

640,691

5,210

125

6.94200%

1-Aug-11

FUNB01CB

Retail

0.00

953,938

126

6.94200%

1-Apr-06

FUNB01CD

Retail

0.00

842,291

127

6.82000%

1-Jun-11

FUNB01CF

Retail

0.00

642,702

128

786,628,819

5,755,147

Page 19 of 24

determine such figures.

(1) Legend:

A. In Grace Period

B. Late Payment but < 1 month delinq

1. Delinquent 1 month
2. Delinquent 2 months

3. Delinquent 3+ months

4. Performing Matured Balloon

7. Foreclosure

9. REO

5. Non Performing Matured Ballon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Delinquent Loan Detail

Disclosure

Control #

Paid

Thru

Date

Current P&I

Advance

Outstanding

P&I

Advances**

Out. Property

Protection

Advances

Loan

Status

Code (1)

Special

Servicer

Transfer Date

Foreclosure

Date

Bankruptcy

Date

REO

Date

Statement Date:

1-Dec-04

241,499.91

0.00

23-Apr-04

1-Oct-04

89,111.07

267,331.99

0.00

8-Oct-04

4-Jan-05

1-Dec-04

48,156.01

0.00

1-Dec-04

41,029.41

0.00

1-Dec-04

37,976.63

0.00

1-Dec-04

9,430.38

0.00

27-Oct-04

111

467,203.40

645,424.32

Total

Page 20 of 24

A. In Grace Period

1. Delinq. 1 month

2. Delinq. 2 months

3. Delinquent 3 + months

4. Performing Matured Balloon

** Outstanding P&I Advances include the current period P&I Advances and may include Servicer and Trust Advances.

7. Foreclosure

9. REO

B. Late Payment but < 1 month delinq.

5. Non Performing Matured Balloon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Specially Serviced (Part I) ~ Loan Detail (End of Period)

Disclosure

Control #

Servicing

Xfer Date

Balance

Note
Rate

Maturity

Date

Remaining

Property

Type

Geo.

Location

NOI

DSCR

NOI
Date

Schedule

Actual

Life

Amort.

Statement Date:

Loan

Status

Code(1)

27-Oct-04

1,296,392

316

7.63%

1-Apr-11

Multifamily

1,297,358

Not Avail.

Not Avail. Not Avail.

111

15-Dec-03

1,048,100

255

8.63%

1-Mar-11

Office

1,048,100

Not Avail.

Not Avail. Not Avail.

118

8-Oct-04

12,721,378

320

7.44%

1-May-11

Multifamily

12,748,087

1,027,276

0.95 25-Aug-03

8-Oct-04

12,405,419

313

7.51%

1-Jan-11

Mixed use

12,405,419

552,681

0.51 31-Dec-03

23-Apr-04

33,330,550

318

7.60%

1-Jun-11

Multifamily

33,355,148

2,955,649

1.01 31-Dec-03

20-Oct-03

5,573,285

317

7.74%

1-May-11

Retail

5,573,285

696,174

1.41 31-Dec-02

66,375,123

66,427,397

Page 21 of 24

(1) Legend:

A. P&I Adv - in Grace Period
B. P&I Adv - < one month delinq

1. P&I Adv - delinquent 1 month
2. P&I Adv - delinquent 2 months

3. P&I Adv - delinquent 3+ months
4. Mat. Balloon/Assumed P&I

7. Foreclosure

9. REO

5. Non Performing Mat. Balloon

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Specially Serviced Loan Detail (Part II) ~ Servicer Comments (End of Period)

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Other/TBD

The loan was transferred to Lennar for monitoring after the Borrower requested debt relief because the Property is having cash flow problems
due to structural damage from hurricanes Frances and Jeanne. The loan is current and the Borrower is paying on time.

111

Other/TBD

Loan is current. Counsel retained to research and potentially intervene in the litigation between named borrower (sponsor is Iris Devereaux)
and property owner (sponsor Nicolas Filas) to whom property was transferred in 2001 without lender consent. Counsel contacted court and
determined that a trail date still has not been set.

118

REO

Borrower is unwilling to fund debt service going forward. Loan is due for the 08/11/2004 payment date. Borrower is marketing the property
for sale with CBRE. Foreclosure has been filed, expected foreclosure date is January 6, 2005.

Other/TBD

Borrower will be coming to meet with Lender representatives in Miami to discuss property and loan. Borrower wants to pay loan off with a
waiver of the prepayment premium, indicating they can no longer justify funding the shortfall in cash flow to cover debt service and invest
new funds for capital improvement needs.

Other/TBD

Received notification October 27, 2004 that the TIC the borrowers put into place has been merged into and with our original borrower. A
recommendation for a consent to the change in ownership has been approved and a consent document is being prepared. The ownership of
the partnership is now Gersten 50%, Swolsky 25% and Swolsky's ex-wife's Trust 25%.

17-Jan-2005 - 08:14 (G292-G295, G624-G642) (c) 2005 LaSalle Bank
N.A.

Page 22 of 24

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Page 23 of 24

First Union Commercial Mortgage Securities, Inc.

Payment Date:
Prior Payment:
Next Payment:
Record Date:

18-Jan-05
18-Jan-05

15-Dec-04

15-Feb-05

31-Dec-04

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

ABN AMRO Acct: 720357.2

Realized Loss Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

Gross

Proceeds

Gross Proceeds

as a % of

Sched. Balance

Aggregate

Liquidation

Expenses *

Net

Liquidation

Proceeds

Net Proceeds

as a % of

Sched. Balance

Realized

Loss

Statement Date:

200408

1,402,071.19

925,000.00

216,500.22

708,499.78

693,571.41

65.97%

50.53%

19-Mar-01

1,800,000.00

110

200403

4,416,599.25

4,967,194.67

603,853.36

4,363,341.31

53,257.94

112.47%

98.79%

20-Apr-01

5,900,000.00

5,818,670.44

5,892,194.67

820,353.58

5,071,841.09

746,829.35

Current Total
Cumulative

Page 24 of 24

* Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc..

Filing Compare · FIRST UNION COMMERCIAL MORTGAGE PASS THR CER SER 2001-C3