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) ~~February~~April 15, 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 ~~February~~April 15, 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 ~~February~~April 15, 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: ~~February~~April 1820, 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 Administrator:Andy Streepey 312.904.9387andy.streepey@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 DetailCollateral Realized Loss Page 22 Page 23Page 24Page 25 Page(s) Information is available for this issue from the following sources Issue Id: Monthly Data FileName: FUNB01C3 FUNB01C3_200502_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 25 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 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: 7.460946% 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 72 REMIC II Statement Date: ABN AMRO Acct: 720357.2 322.049202200 14.330407400 0.000000000 307.718794800 1.394473000 Fixed 0.00 0.00 0.000000000 5.19600000% 0.000000000 33736XCT4 A-1 50,000,000.00 16,102,460.11 716,520.37 0.00 15,385,939.74 69,723.65 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 6.173110804 7.408397672% 0.00 0.00 0.000000000 7.40773315% 0.000000000 33736XDJ5 H 12,283,000.00 12,283,000.00 0.00 0.00 12,283,000.00 75,824.32 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 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 2 of 25 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: 7.460946% 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 72 REMIC II Statement Date: ABN AMRO Acct: 720357.2 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 20,998.81 966.836275714 0.000000000 0.000000000 966.836275714 4.421557444 Fixed 0.00 ) (12,103.70 ) (0.537507033 6.15500000% 0.000000000 33736XDY2 P 22,518,217.00 21,771,429.06 0.00 0.00 21,771,429.06 99,565.59 957.690669111 0.000000000 0.000000000 956.815619736 0.399945268 0.499831933% 0.00 0.00 0.000000000 0.50113709% 0.000000000 N 33736XDA4 IO-I 818,834,217.00 784,189,889.17 0.00 0.00 783,473,368.80 327,488.87 1000.000000000 0.000000000 0.000000000 1000.000000000 0.712855919 0.856086099% 0.00 0.00 0.000000000 0.85542710% 0.000000000 N 33736XDC0 IO-II 469,425,000.00 469,425,000.00 0.00 0.00 469,425,000.00 334,632.39 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 ) (12,103.70 818,834,217.00 784,189,889.17 5,545,307.89 Total 783,473,368.80 716,520.37 0.00 4,828,787.52 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 3 of 25 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: 7.460946% 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 72 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-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 4 of 25 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: 7.460946% 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 72 Companion Statement Date: ABN AMRO Acct: 720357.2 1268.353012820 0.000000000 0.000000000 1275.723903033 0.000000000 Fixed 5,518.53 5,518.53 7.370890213 6.88960000% 7.370890213 COMP-I 748,692.47 949,606.35 0.00 0.00 955,124.88 0.00 1268.353023295 0.000000000 0.000000000 1275.723910393 0.000000000 Fixed 4,872.65 4,872.65 7.370887098 6.88960000% 7.370887098 COMP-II 661,066.97 838,466.29 0.00 0.00 843,338.94 0.00 1263.056636267 0.000000000 0.000000000 1270.267309696 0.000000000 Fixed 3,652.69 3,652.69 7.210673429 6.76760000% 7.210673429 COMP-III 506,567.11 639,822.95 0.00 0.00 643,475.64 0.00 Total P&I Payment 14,043.87 14,043.87 1,916,326.55 2,427,895.59 0.00 Total 2,441,939.46 0.00 0.00 0.00 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 5 of 25 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 4,249,921.44 ) (14,043.87 0.00 Less ASER Interest Adv Reduction 0.00 Less Other Adjustment 0.00 Total 5,032,649.08 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 ) (11,577.12 0.00 ) (526.58 0.00 ) (12,103.70 4,992,197.26 ) (1,568.38 0.000.00 ) (161,841.38 ) (163,409.76 621,819.99 94,700.38 716,520.37 0.000.000.000.000.000.00 716,520.37 5,708,717.63 5,545,307.87 786,628,819.21 126 716,520.37 0.00 0 14,043.87 0.00 0 0.00 0 785,926,342.71 126 66,281.63 579,142.68 94,700.38 796,771.51 121,409.85 1,037,394.02 28,348.12 0.000.00 5,978.04 34,326.16 0.000.000.000.000.000.00 0.00 ) (28,348.12 4,828,787.50 Interest Not Advanced ( Current Period ) 0.00 796,771.51 Workout FeesLiquidation Fees 0.000.00 Less Non Recovered ) (338,520.17 ) (39,572.16 0.00 0.00 0.00 Advance Summary (Advance Made by Servicer) Page 6 of 25 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 11,577.12 0.00 Special Servicing Fees Workout Fees Liquidation Fees Legal Fees 0.00 526.58 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 12,103.70 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 ) (12,103.70 ) (12,103.70 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 25 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Class Accrued Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 69,723.65 69,723.65 69,723.65 0.00 23.63% 24.60% 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% 24.60% 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% 24.60% 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% 20.28% 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% 18.72% 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% 15.71% 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% 14.28% 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% 12.71% 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% 11.14% 30/360 7.299000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 H 30 75,824.32 75,824.32 75,824.32 0.00 9.25% 9.57% 30/360 7.407733150% 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% 7.22% 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% 5.39% 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% 4.61% 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% 4.09% 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% 2.78% 30/360 6.155000000% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 P 30 111,669.29 248,284.92 99,565.59 148,719.33 0.00% 0.00% 30/360 6.155000000% ) (12,103.70 136,615.63 0.00 0.00 0.00 0.00 0.00 0.00 IO-I 30 327,488.87 327,488.87 327,488.87 0.00 NA NA 30/360 0.501137089% 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 IO-II 30 334,632.39 334,632.39 334,632.39 0.00 NA NA 30/360 0.855427099% 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 4,840,891.22 4,977,506.85 4,828,787.52 148,719.33 ) (12,103.70 136,615.63 0.00 (2) Accrued - Deductions + Additions Interest (3) Includes interest accrued on outstanding Interest Shortfalls and/or Loss Allocations. Where applicable. 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 8 of 25 (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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.79% 1.62% 0.00% 0.00% 0.00% 0.00% 3.97% 8.27% 15-Feb-05 0 0 0 0 0 0 1 12,713,238 0 0 5 65,030,793 0 0 0.00% 0.00% 0.00% 0.00% 0 0.00% 0 0.00% 0.00% 0.00% 0.79% 1.62% 0.00% 0.00% 0.00% 0.00% 4.76% 8.44% 18-Jan-05 0 0 0 0 0 0 1 12,721,378 0 0 6 66,375,123 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% 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 (1) Note: Modification, Specially Serviced & Bankruptcy Totals are Included in the Appropriate Delinquency Aging Category Page 9 of 25 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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-Feb-05 126 100.80% 785,926,343 95.98% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 72 305 7.46% 7.41% 0 0 0 0 18-Jan-05 126 100.80% 786,628,819 96.07% 0.00% 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 0 0.00% 73 306 7.46% 7.41% 0 0 0 0 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 (1) Percentage based on pool as of cutoff. (2) Percentage based on pool as of beginning of period. Page 10 of 25 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 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 31-Jan-05 15-Mar-05 18-Jan-05 15-Feb-05 15-Feb-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) 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 11 of 25 Current Scheduled Balance # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 32 38,324,336 4.88 83 7.62 1.19 % 0 to 2,000,000 % 28 82,536,410 10.50 79 7.43 1.41 % 2,000,000 to 4,000,000 % 23 115,304,334 14.67 67 7.58 1.31 % 4,000,000 to 6,000,000 % 14 100,858,611 12.83 81 7.46 1.43 % 6,000,000 to 8,000,000 % 7 62,353,396 7.93 74 7.37 1.41 % 8,000,000 to 10,000,000 % 15 192,220,098 24.46 74 7.48 1.23 % 10,000,000 to 15,000,000 % 1 15,219,914 1.94 74 7.50 1.74 % 15,000,000 to 20,000,000 % 2 43,212,672 5.50 73 7.12 2.63 % 20,000,000 to 25,000,000 % 1 25,299,572 3.22 77 7.63 1.70 % 25,000,000 to 30,000,000 % 1 33,305,790 4.24 76 7.60 1.01 % 30,000,000 to 35,000,000 % 2 77,291,209 9.83 47 7.32 1.28 % 35,000,000 to 40,000,000 % 0 0 0.00 0 0.00 0.00 % 40,000,000 & Above % 39,673,815 639,895 785,926,343 126 100.00% Average Schedule BalanceMaximum Schedule BalanceMinimum Schedule Balance 6,237,511 Current Mortgage Interest Rate # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 2 26,379,054 3.36 75 6.62 1.62 % 6.500% % to 6.750% 15 62,527,744 7.96 63 6.98 1.06 % 6.751% % to 7.000% 18 87,027,247 11.07 73 7.20 1.50 % 7.001% % to 7.250% 31 273,808,005 34.84 65 7.38 1.43 % 7.251% % to 7.500% 31 232,967,101 29.64 77 7.61 1.47 % 7.501% % to 7.750% 20 66,543,303 8.47 83 7.85 1.40 % 7.751% % to 8.000% 3 6,263,875 0.80 98 8.15 1.42 % 8.001% % to 8.250% 4 25,244,524 3.21 80 8.40 0.81 % 8.251% % to 8.500% 2 5,165,489 0.66 115 8.70 0.42 % 8.501% % to 8.750% 0 0 0.00 0 0.00 0.00 % 8.751% % & Above 126 785,926,343 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 71,459,509 9.09 72 7.67 2.03 % % to 0 80 3 3,716,285 0.47 105 6.91 0.97 % % to 81 110 0 0 0.00 0 0.00 0.00 % % to 111 140 2 3,010,040 0.38 173 8.06 1.14 % % to 141 200 1 2,431,054 0.31 215 7.90 1.04 % % & 201 Above 215 14 14 80,616,887 Minimum Remaining Term Maximum Remaining Term 10.26% Balloon Mortgage Loans # of Loans Scheduled Balance % of Balance Weighted Average Term Coupon PFY DSCR 8 66,271,747 8.43 17 7.36 1.14 % % 0 to 60 101 625,525,191 79.59 75 7.43 1.37 % % 61 to 90 0 0 0.00 0 0.00 0.00 % % 91 to 120 1 4,118,539 0.52 126 8.72 0.53 % % 121 to 150 1 6,591,281 0.84 160 8.44 1.01 % % 151 to 180 0 0 0.00 0 0.00 0.00 % % 181 to 210 1 2,802,697 0.36 215 7.75 1.00 % % 211 to 240 0 0 0.00 0 0.00 0.00 % % 241 & Above 215 13 112 705,309,455 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-Jan-05 15-Mar-05 18-Jan-05 15-Feb-05 15-Feb-05 Record Date: Next Payment: Prior Payment: Payment Date: Statement Date: Geographic Distribution Distribution of DSCR (PFY) Distribution of DSCR (Cutoff) 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 12 of 25 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 30,872,869 3.93 69 7.84 0.56 % % 0.001 0.750 2 23,684,753 3.01 71 8.00 0.83 % % 0.751 0.875 11 46,808,988 5.96 85 7.21 0.97 % % 0.876 1.000 10 77,252,089 9.83 86 7.54 1.04 % % 1.001 1.125 16 106,147,365 13.51 48 7.43 1.19 % % 1.126 1.250 19 80,998,620 10.31 75 7.50 1.32 % % 1.251 1.375 20 163,280,102 20.78 74 7.45 1.44 % % 1.376 1.500 18 100,664,970 12.81 75 7.45 1.56 % % 1.501 1.625 8 80,892,707 10.29 75 7.28 1.69 % % 1.626 1.750 5 31,489,995 4.01 74 7.35 1.83 % % 1.751 1.875 0 0 0.00 0 0.00 0.00 % % 1.876 2.000 6 15,971,710 2.03 73 7.46 2.19 % % 2.001 2.500 0 0 0.00 0 0.00 0.00 % % 2.501 3.000 1 23,066,832 2.93 71 7.58 3.50 % % 3.001 & Above 5 4,795,344 0.61 64 7.48 0.00 % % Unknown 3.5000.410 126 785,926,343 100.00% 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 6,518,982 0.83 152 7.27 0.98 % % 0.751 1.000 32 213,745,051 27.20 69 7.63 1.24 % % 1.001 1.250 84 532,520,319 67.76 73 7.40 1.38 % % 1.251 1.500 1 2,333,080 0.30 78 7.93 1.51 % % 1.501 1.750 1 5,289,105 0.67 14 7.00 1.24 % % 1.751 2.000 1 23,066,832 2.93 71 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 2,452,974 0.31 55 6.91 0.00 % % Unknown 2.080 1.000 126 785,926,343 100.00 Minimum DSCR Maximum DSCR % Geographic Location # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR California 20 111,239,097 14.15 72 7.53 1.51 % % Texas 16 110,121,138 14.01 72 7.39 0.99 % % Florida 9 89,589,892 11.40 75 7.41 1.40 % % CMBS Certificate 3 66,899,175 8.51 40 7.42 1.43 % % Pennsylvania 4 45,949,452 5.85 83 7.57 1.09 % % Michigan 10 43,404,924 5.52 85 7.55 1.37 % % Maryland 2 43,212,672 5.50 73 7.12 2.63 % % North Carolina 5 34,969,727 4.45 77 7.29 1.40 % % Illinois 9 34,003,901 4.33 58 7.18 1.48 % % New York 6 22,751,486 2.89 76 7.75 1.46 % % Nevada 4 15,758,948 2.01 74 7.73 1.44 % % New Jersey 4 15,696,518 2.00 69 8.23 0.98 % % Washington 1 14,329,346 1.82 76 7.60 1.23 % % Wisconsin 2 13,459,022 1.71 76 7.42 1.46 % % Virginia 3 13,406,576 1.71 74 7.34 1.60 % % District of Columbia 2 12,652,724 1.61 75 7.39 1.42 % % Iowa 1 12,407,029 1.58 76 7.75 1.43 % % Massachusetts 2 9,918,766 1.26 76 7.19 1.48 % % Arizona 2 9,236,340 1.18 74 7.28 1.26 % % Ohio 2 8,944,174 1.14 74 7.35 1.47 % % West Virginia 3 8,244,920 1.05 147 8.12 0.93 % % Minnesota 2 6,845,812 0.87 75 7.43 1.60 % % Indiana 2 6,539,511 0.83 75 7.74 1.35 % % Missouri 1 5,433,351 0.69 77 7.75 1.48 % % Mississippi 1 5,320,005 0.68 77 7.83 1.18 % % Colorado 2 5,000,411 0.64 76 7.68 1.22 % % Alabama 1 4,633,370 0.59 76 7.22 0.72 % % Georgia 1 3,569,622 0.45 75 7.25 1.66 % % Maine 1 3,211,930 0.41 74 7.00 0.93 % % Kansas 1 2,282,280 0.29 77 7.32 1.55 % % Oregon 1 2,134,452 0.27 76 7.88 1.05 % % Arkansas 1 2,007,794 0.26 76 7.22 1.51 % % South Carolina 1 1,590,741 0.20 167 8.00 1.13 % % Tennessee 1 1,161,237 0.15 74 7.75 1.37 % % 100.00 785,926,343 126 % 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-Jan-05 15-Mar-05 18-Jan-05 15-Feb-05 15-Feb-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 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 13 of 25 Property Types # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR Multifamily 35 238,949,231 30.40 62 7.47 1.12 % % Retail 43 201,938,376 25.69 83 7.43 1.44 % % Office 19 138,437,242 17.61 76 7.40 1.46 % % Industrial 13 83,049,341 10.57 75 7.53 1.39 % % Mixed use 9 53,926,097 6.86 67 7.56 1.30 % % Self storage 2 29,281,781 3.73 74 7.50 1.78 % % Lodging 1 23,066,832 2.93 71 7.58 3.50 % % Mobile home park 3 15,990,258 2.03 64 7.30 1.23 % % Other 1 1,287,185 0.16 68 7.85 1.10 % % 785,926,343 126 100.00% Amortization Type # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR AmortizingBalloon 111 715,919,829 91.09 71 7.49 1.43 % % Full Amortizing 6 9,005,873 1.15 152 7.69 1.06 % % IO/Amortizing/Balloon 6 58,547,667 7.45 74 7.12 1.07 % % Other 3 2,452,974 0.31 55 6.91 0.00 % % 785,926,343 126 100.00% 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 36 119 743,371,143 94.59 71 1.43 % % 7.44 37 to 48 7 42,555,199 5.41 90 0.80 % % 7.91 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 126 785,926,343 100.00% Year # of Loans Scheduled Balance % of Balance WAMM WAC PFY DSCR 0 0 0.00 0 0.00 0.00 % % 2005 7 59,372,536 7.55 14 7.39 1.09 % % 2006 0 0 0.00 0 0.00 0.00 % % 2007 2 7,746,374 0.99 38 7.03 1.39 % % 2008 0 0 0.00 0 0.00 0.00 % % 2009 3 21,887,214 2.78 68 7.96 0.96 % % 2010 105 674,250,324 85.79 75 7.44 1.45 % % 2011 0 0 0.00 0 0.00 0.00 % % 2012 3 3,716,285 0.47 105 6.91 0.97 % % 2013 0 0 0.00 0 0.00 0.00 % % 2014 1 4,118,539 0.52 126 8.72 0.53 % % 2015 5 14,835,071 1.89 182 8.14 1.04 % % 2016 & Greater 100.00 785,926,343 126 % First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 39,673,815 281,084 1 31-Dec-03 7.35000% 1-Apr-06 FUNB01CH Multifamily 1.16 37,617,394 268,699 B 2 31-Dec-03 PA 7.60000% 1-Jun-11 FUNB01CH Multifamily 1.01 33,305,790 242,890 B 3 31-Dec-03 CA 7.62500% 1-Jul-11 FUNB01CH Office 1.70 25,299,572 184,734 4 31-Dec-03 MD 7.57600% 1-Jan-11 FUNB01CG Lodging 3.50 23,066,832 180,282 5 31-Dec-03 MD 6.60000% 1-May-11 FUNB01CH Office 1.63 20,145,840 134,118 6 31-Dec-03 7.50000% 1-Apr-11 FUNB01CH Self storage 1.74 15,219,914 119,074 7 31-Dec-03 TX 7.27300% 1-May-11 FUNB01CH Retail 1.41 13,996,700 104,270 8 31-Dec-03 FL 7.50000% 1-Mar-11 FUNB01CH Mixed use 1.48 14,359,715 104,043 B 9 31-Dec-03 7.50000% 1-Apr-11 FUNB01CH Self storage 1.83 14,061,867 110,014 10 31-Dec-03 WA 7.60100% 1-Jun-11 FUNB01CH Industrial 1.23 14,329,346 104,509 11 31-Dec-02 FL 7.52000% 1-Aug-11 FUNB01CH Multifamily 1.49 14,296,515 103,336 B 12 31-Dec-04 NC 7.18000% 1-Apr-11 FUNB01CH Retail 1.56 14,187,342 99,786 13 25-Aug-03 TX 7.44000% 1-May-11 FUNB01CH Multifamily 0.95 12,713,238 89,641 9 14 31-Dec-03 TX 7.51000% 1-Jan-11 FUNB01CH Mixed use 0.51 12,395,539 90,105 15 31-Dec-03 IA 7.75000% 1-Jun-11 FUNB01CH Office 1.43 12,407,029 91,701 16 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 0.97 12,297,493 85,108 17 31-Dec-03 NJ 8.32700% 1-Oct-10 FUNB01CH Multifamily 0.85 12,313,705 99,746 18 31-Dec-03 CA 7.41000% 1-Jun-11 FUNB01CH Multifamily 1.28 12,084,459 86,633 19 31-Dec-03 CA 7.65000% 1-Apr-11 FUNB01CH Office 0.81 11,371,048 83,439 20 31-Dec-03 FL 7.61000% 1-Jul-11 FUNB01CH Industrial 1.38 11,146,065 81,278 21 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 1.07 10,260,039 71,007 22 31-Dec-03 MI 7.50800% 1-May-11 FUNB01CH Retail 1.48 9,996,688 72,355 23 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 14 of 25 * 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 9,443,152 67,346 24 31-Dec-03 VA 7.35000% 1-Apr-11 FUNB01CH Retail 1.57 8,873,847 63,385 25 31-Dec-03 NY 7.80000% 1-Jun-11 FUNB01CH Retail 1.57 8,823,937 65,508 26 31-Dec-03 MA 7.15000% 1-Jun-11 FUNB01CH Office 1.37 8,682,608 60,787 27 31-Dec-03 NC 7.42000% 1-Nov-10 FUNB01CH Multifamily 1.11 8,286,323 64,941 28 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 1.12 8,246,840 57,075 29 31-Dec-03 AZ 7.23000% 1-Apr-11 FUNB01CH Industrial 1.22 7,785,656 55,010 30 31-Dec-03 MI 7.92400% 1-Jul-11 FUNB01CH Office 1.55 7,752,290 58,132 31 31-Dec-03 WI 7.61800% 1-Jul-11 FUNB01CH Mobile home park 1.18 7,681,554 56,055 32 31-Dec-03 TX 6.99000% 1-Apr-11 FUNB01CH Multifamily 0.98 7,519,177 52,039 33 31-Dec-03 NC 7.27000% 1-May-11 FUNB01CH Office 1.49 7,510,880 52,632 34 31-Dec-03 NV 7.86000% 1-Jun-11 FUNB01CH Industrial 1.51 7,469,750 55,750 35 31-Dec-03 OH 7.37000% 1-Apr-11 FUNB01CH Retail 1.48 7,380,031 52,811 36 31-Dec-03 DC 7.50000% 1-Jun-11 FUNB01CH Office 1.29 7,255,806 52,441 37 31-Dec-04 CA 7.37000% 1-Mar-11 FUNB01CH Mixed use 2.25 7,181,566 51,430 38 31-Dec-02 PA 7.19000% 1-May-11 FUNB01CH Industrial 1.36 7,039,242 49,502 39 31-Dec-03 WV 8.44000% 1-Jun-18 FUNB01CH Retail 1.01 6,591,281 61,791 40 31-Dec-03 NY 7.40700% 1-Jul-11 FUNB01CH Industrial 1.52 6,774,062 48,500 41 31-Dec-03 CA 7.54000% 1-Jun-11 FUNB01CH Multifamily 1.57 6,684,102 48,435 42 31-Dec-04 IL 6.68700% 1-Apr-11 FUNB01CH Office 1.58 6,233,214 41,887 43 31-Dec-03 CA 7.39000% 1-May-11 FUNB01CH Retail 1.75 5,795,253 41,502 44 31-Dec-03 CA 7.37500% 1-May-11 FUNB01CH Retail 1.66 5,794,543 41,441 45 31-Dec-03 WI 7.15000% 1-Apr-11 FUNB01CH Retail 1.83 5,777,468 40,524 46 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 15 of 25 * 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 5,701,443 41,052 47 31-Dec-03 TX 8.50000% 1-Mar-06 FUNB01CH Multifamily 0.41 5,680,321 44,905 48 31-Dec-02 IN 7.74000% 1-May-11 FUNB01CH Retail 1.41 5,569,277 41,154 B 49 25-Dec-03 CA 7.30000% 1-May-06 FUNB01CH Mixed use 1.18 5,501,426 39,078 50 31-Dec-03 MO 7.75100% 1-Jul-11 FUNB01CH Office 1.48 5,433,351 40,123 51 31-Dec-03 DC 7.25000% 1-Apr-11 FUNB01CH Retail 1.60 5,396,918 38,202 B 52 31-Dec-03 IL 7.00000% 1-Apr-06 FUNB01CH Multifamily 1.24 5,289,105 36,592 53 31-Dec-03 MS 7.83000% 1-Jul-11 FUNB01CH Mixed use 1.18 5,320,005 39,563 54 31-Dec-03 CA 7.70000% 1-Apr-11 FUNB01CH Industrial 1.37 5,291,202 38,999 55 31-Dec-03 FL 7.00000% 1-Apr-08 FUNB01CH Mobile home park 1.49 5,096,774 35,261 56 31-Dec-03 TX 7.58000% 1-Jul-11 FUNB01CH Multifamily 1.32 5,087,270 36,997 57 31-Dec-03 MI 7.45000% 1-Apr-11 FUNB01CH Industrial 1.20 4,720,530 36,787 58 31-Dec-03 AL 7.22000% 1-Jun-11 FUNB01CH Multifamily 0.72 4,633,370 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 4,333,052 32,080 61 31-Dec-03 TX 7.67000% 1-Mar-11 FUNB01CH Multifamily 1.24 4,300,489 31,635 62 31-Dec-03 MI 8.15000% 1-Apr-11 FUNB01CH Multifamily 1.50 4,173,946 32,003 63 31-Dec-03 CA 7.70000% 1-Apr-11 FUNB01CH Industrial 1.33 4,149,773 30,586 64 31-Dec-03 CA 7.23000% 1-Apr-11 FUNB01CH Retail 1.79 4,095,178 28,935 65 31-Dec-03 TX 8.72000% 1-Aug-15 FUNB01CH Multifamily 0.53 4,118,539 33,344 66 31-Dec-03 TX 7.72400% 1-Jul-11 FUNB01CH Office 0.74 4,045,100 29,800 67 31-Dec-03 MN 7.25000% 1-Apr-11 FUNB01CH Office 1.84 3,975,408 28,140 68 30-Dec-03 NY 7.92900% 1-Jun-11 FUNB01CH Mixed use 1.32 3,833,839 28,788 69 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 16 of 25 * 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 3,580,073 27,773 70 31-Dec-03 NV 7.76000% 1-Mar-11 FUNB01CH Retail 1.01 3,626,676 26,891 71 31-Dec-03 GA 7.25000% 1-May-11 FUNB01CH Retail 1.66 3,569,622 25,241 72 20-Dec-03 NC 7.12500% 1-May-11 FUNB01CH Multifamily 1.38 3,565,883 24,928 73 31-Dec-03 VA 7.25000% 1-Apr-11 FUNB01CH Retail 1.73 3,373,073 23,876 74 31-Dec-03 IL 7.41000% 1-May-11 FUNB01CH Retail 1.30 3,369,522 24,174 75 31-Dec-03 CA 7.40000% 1-Mar-11 FUNB01CH Multifamily 1.29 3,255,194 23,375 76 31-Dec-03 IL 7.51000% 1-May-11 FUNB01CH Retail 1.25 3,238,824 23,447 77 31-Dec-03 ME 7.00000% 1-Apr-11 FUNB01CH Mobile home park 0.93 3,211,930 22,221 78 31-Dec-03 PA 7.78000% 1-Jul-11 FUNB01CH Retail 1.36 3,173,366 23,495 79 31-Dec-03 IL 7.25000% 1-Mar-11 FUNB01CH Retail 1.62 3,025,647 21,434 80 31-Dec-03 CA 7.25000% 1-Mar-11 FUNB01CH Industrial 2.27 2,888,905 20,465 81 31-Dec-03 MN 7.68000% 1-Jul-11 FUNB01CH Retail 1.26 2,870,404 21,063 82 31-Dec-03 MI 7.75000% 15-Jan-23 FUNB01CH Retail 1.00 2,802,697 22,373 83 31-Dec-03 TX 7.25000% 1-May-11 FUNB01CH Retail 1.29 2,809,389 19,865 84 31-Dec-03 TX 7.39500% 1-May-11 FUNB01CH Retail 1.35 2,714,221 19,446 85 31-Dec-03 IL 7.60000% 1-May-11 FUNB01CH Office 2.03 2,709,019 19,770 86 31-Dec-03 CO 7.46000% 1-May-11 FUNB01CH Multifamily 0.97 2,667,331 19,223 87 31-Dec-03 TX 7.09300% 1-May-08 FUNB01CH Multifamily 1.20 2,649,600 18,468 88 31-Dec-03 PA 7.90000% 1-Jan-23 FUNB01CH Retail 1.04 2,431,054 21,324 89 31-Dec-03 CO 7.93000% 1-Aug-11 FUNB01CH Mixed use 1.51 2,333,080 17,493 90 31-Dec-03 IL 7.00000% 1-Jul-06 FUNB01CH Multifamily 1.21 2,315,023 15,967 91 31-Dec-03 KS 7.32000% 1-Jul-11 FUNB01CH Multifamily 1.55 2,282,280 16,212 92 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 17 of 25 * 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 2,122,104 14,637 93 31-Dec-03 OR 7.87500% 1-Jun-11 FUNB01CH Office 1.05 2,134,452 15,952 94 31-Dec-04 AR 7.22000% 1-Jun-11 FUNB01CH Multifamily 1.51 2,007,794 14,147 95 31-Dec-03 NJ 7.87000% 1-May-11 FUNB01CH Retail 1.52 1,842,125 13,770 96 31-Dec-03 MI 6.94200% 1-Nov-13 FUNB01CA Retail 0.97 1,438,690 18,320 97 31-Dec-03 CA 7.50000% 1-Apr-11 FUNB01CH Retail 1.68 1,694,889 12,271 98 31-Dec-03 CA 7.75000% 1-Apr-11 FUNB01CH Mixed use 1.29 1,684,762 12,473 99 30-Dec-03 SC 8.00000% 15-Jan-19 FUNB01CH Retail 1.13 1,590,741 15,111 100 31-Dec-03 TX 7.85000% 15-Oct-10 FUNB01CH Other 1.10 1,287,185 20,226 101 31-Dec-03 OH 7.25000% 1-Jun-11 FUNB01CH Retail 1.42 1,564,143 11,051 102 31-Dec-03 MI 6.94200% 1-Nov-13 FUNB01CC Retail 0.96 1,270,310 16,176 103 31-Dec-03 FL 7.50000% 1-Mar-11 FUNB01CH Multifamily 1.30 1,544,055 11,187 104 31-Dec-03 FL 7.37500% 1-Mar-11 FUNB01CH Multifamily 1.17 1,518,316 10,878 105 30-Dec-03 NC 8.12500% 1-Jan-20 FUNB01CH Retail 1.15 1,419,299 13,249 106 31-Dec-03 AZ 7.55000% 1-May-11 FUNB01CH Retail 1.47 1,450,684 10,540 107 31-Dec-03 CA 7.75000% 1-Apr-11 FUNB01CH Industrial 1.50 1,420,316 11,330 108 31-Dec-03 NY 7.87500% 1-Mar-11 FUNB01CH Mixed use 2.02 1,316,167 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 1,295,420 9,484 B 111 31-Dec-03 MA 7.50000% 30-Apr-11 FUNB01CH Multifamily 2.24 1,236,158 8,950 112 31-Dec-03 WV 6.82000% 1-Nov-13 FUNB01CE Retail 0.98 1,007,284 12,765 113 31-Dec-03 CA 7.86000% 1-May-11 FUNB01CH Retail 1.58 1,163,359 8,688 114 31-Dec-03 TN 7.75000% 1-Apr-11 FUNB01CH Office 1.37 1,161,237 8,597 115 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 18 of 25 * 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 1,159,655 8,456 116 31-Dec-03 NV 7.87500% 1-Feb-11 FUNB01CH Multifamily 1.06 1,082,449 8,121 117 NY 8.62500% 1-Mar-11 FUNB01CH Office 0.00 1,046,950 8,934 118 31-Dec-03 NY 7.87000% 1-Mar-11 FUNB01CH Retail 1.50 956,531 8,698 119 31-Dec-03 IN 7.75000% 1-Jul-11 FUNB01CH Multifamily 0.99 970,234 7,164 120 31-Dec-03 CA 7.75000% 1-Apr-11 FUNB01CH Retail 0.94 910,603 6,741 121 31-Dec-03 NJ 7.62500% 1-Apr-11 FUNB01CH Multifamily 1.22 870,058 6,370 122 31-Dec-03 NJ 8.20000% 1-May-11 FUNB01CH Office 1.53 670,630 5,160 123 31-Dec-03 FL 8.37500% 1-Apr-11 FUNB01CH Multifamily 1.32 659,217 5,153 124 31-Dec-04 CA 8.00000% 1-Mar-11 FUNB01CH Retail 2.14 639,895 5,210 125 MI 6.94200% 1-Aug-11 FUNB01CB Retail 0.00 959,456 0 126 MI 6.94200% 1-Apr-06 FUNB01CD Retail 0.00 847,163 0 127 WV 6.82000% 1-Jun-11 FUNB01CF Retail 0.00 646,355 0 128 785,926,343 5,755,147 0 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 19 of 25 * 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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-Jan-05 266,346.13 266,346.13 0.00 B 2 1-Jan-05 241,500.94 241,500.94 0.00 23-Apr-04 B 3 1-Jan-05 103,444.33 103,444.33 0.00 B 9 1-Jan-05 102,740.09 102,740.09 0.00 B 12 1-Oct-04 89,111.40 356,443.38 0.00 8-Oct-04 4-Jan-05 9 14 1-Jan-05 40,921.76 40,921.76 0.00 20-Oct-03 B 49 1-Jan-05 37,976.81 37,976.81 0.00 B 52 1-Jan-05 9,430.43 9,430.43 0.00 B 111 891,471.89 1,158,803.87 Total 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 20 of 25 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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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) 15-Dec-03 1,046,950 73 254 NY 8.63% 1-Mar-11 Office 1,046,950 Not Avail. Not Avail. Not Avail. 118 8-Oct-04 12,713,238 75 319 TX 7.44% 1-May-11 Multifamily 12,748,087 1,027,276 0.95 25-Aug-03 9 14 8-Oct-04 12,395,539 71 312 TX 7.51% 1-Jan-11 Mixed use 12,395,539 552,681 0.51 31-Dec-03 15 23-Apr-04 33,305,790 76 317 PA 7.60% 1-Jun-11 Multifamily 33,330,550 2,955,649 1.01 31-Dec-03 B 3 20-Oct-03 5,569,277 75 316 IN 7.74% 1-May-11 Retail 5,573,285 696,174 1.41 31-Dec-02 B 49 65,030,793 65,094,411 5 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 21 of 25 (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-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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 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 anddetermined 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 propertyfor sale with CBRE. Foreclosure has been filed, expected foreclosure date is January 6, 2005. 14 15 Other/TBD Met with Borrower who again offered to payoff loan with a waiver of the prepayment premium. Rejected Borrower's offer but Lenderanticipates Borrower will be remitting a revised offer. 3 Pending Return to Master Servicer Received notification October 27, 2004 that the TIC the borrowers put into place has been merged into and with our original borrower. Theownership of the partnership is now Gersten 50%, Swolsky 25% and Swolsky's ex-wife's Trust 25%. The consent to the change in ownershiphas been executed, loan is now in rehab period. 49 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle BankN.A. Page 22 of 25 First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 23 of 25 First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 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-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. Page 24 of 25 * Aggregate liquidation expenses also include outstanding P&I advances and unpaid servicing fees, unpaid trustee fees, etc.. First Union Commercial Mortgage Securities, Inc. Payment Date:Prior Payment:Next Payment:Record Date: 15-Feb-0515-Feb-05 18-Jan-05 15-Mar-05 31-Jan-05 Wachovia Bank, National Association, as Servicer Commercial Mortgage Pass-Through Certificates Series 2001-C3 Bond/Collateral Realized Loss Reconciliation Statement Date: ABN AMRO Acct: 720357.2 Prospectus ID Period Aggregate Realized Loss on Loans Prior Realized Loss Applied to Certificates Amounts Covered by Overcollateralization and other Credit Support Additional (Recoveries)/ Expenses applied to Realized Losses Current Realized Loss Applied to Certififcates Recoveries of Realized Losses paid as Cash (Recoveries)/ Realized Loss Applied to Certificate Interest Modification Adjustments/Appraisal Reduction Adjustment Interest (Shortages) /Excesses applied to Realized Losses Beginning Balance of the Loan at Liquidation (A) (B) (C) (D) (E) (*) |------------------------------------------------------Adjustments--------------------------------------------------| 0 0 0 0 0 53,258 4,416,599 53,258 0 0 200403 515000060 0 0 0 0 0 693,571 1,402,071 693,571 0 0 200408 615000110 0 0 0 746,829 746,829 0 0 Page 25 of 25 14-Feb-2005 - 15:01 (G292-G295, G624-G642) (c) 2005 LaSalle Bank N.A. *In the Initial Period the Current Realized Loss Applied to Certificates will equal Aggregate Realized Loss on Loans - B - C - D + E instead of A - B - C - D + E Description of Fields ABCD E Prior Realized Loss Applied to CertificatesReduction to Realized Loss applied to bonds (could represent OC, insurance policies, reserve accounts, etc) Adjustments that are based on principal haircut or future interest foregone due to modificationRealized Loss Adjustments, Supplemental Recoveries or Expenses on a previously liquidated loan Amounts classified by the Master as interest adjustments from general collections on a loan with a Realized Loss

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-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

Administrator:
Andy Streepey 312.904.9387
andy.streepey@abnamro.com

Analyst:
Dean Nguyen 714.259.6277
dean.nguyen@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
Collateral Realized Loss

Page 22

Page 23
Page 24
Page 25

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

FUNB01C3

FUNB01C3_200504_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 25

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:

7.707816%

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

283.605147400

14.577285200

0.000000000

269.027862200

1.228010200

Fixed

0.00

0.000000000

5.19600000%

0.000000000

33736XCT4

A-1

50,000,000.00

728,864.26

0.00

13,451,393.11

61,400.51

14,180,257.37

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

139,853,000.00

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

435,531,000.00

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

33,777,000.00

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

12,283,000.00

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

23,541,000.00

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

11,259,000.00

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

12,283,000.00

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

12,282,000.00

1000.000000000

0.000000000

1000.000000000

6.379503379

7.407742095%

0.00

0.000000000

7.65540451%

0.000000000

33736XDJ5

12,283,000.00

0.00

12,283,000.00

78,359.44

12,283,000.00

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

18,423,000.00

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

14,330,000.00

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

6,141,000.00

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

4,094,000.00

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

6,142,000.00

Page 2 of 25

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:

7.707816%

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

4,094,000.00

966.812891092

0.000000000

966.812891092

4.445862210

Fixed

0.00

)

(11,553.70

)

(0.513082363

6.15500000%

0.000000000

33736XDY2

22,518,217.00

0.00

21,770,902.48

100,112.89

21,770,902.48

955.342538953

0.000000000

954.452414621

0.471296304

0.495336844%

0.00

0.000000000

0.59199245%

0.000000000

33736XDA4

IO-I

818,834,217.00

0.00

781,538,295.59

385,913.54

782,267,159.85

1000.000000000

0.000000000

1000.000000000

0.919387591

0.855437099%

0.00

0.000000000

1.10326510%

0.000000000

33736XDC0

IO-II

469,425,000.00

0.00

469,425,000.00

431,583.52

469,425,000.00

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

)

(11,553.70

818,834,217.00

782,267,159.85

5,707,786.86

Total

781,538,295.59

728,864.26

0.00

4,978,922.60

Page 3 of 25

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:

7.707816%

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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 25

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:

7.707816%

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

1283.137427574

0.000000000

1290.593840219

0.000000000

Fixed

5,582.56

7.456412644

6.88960000%

7.456412644

COMP-I

748,692.47

0.00

966,257.89

0.00

960,675.33

1283.137440674

0.000000000

1290.593856172

0.000000000

Fixed

4,929.19

7.456415498

6.88960000%

7.456415498

COMP-II

661,066.97

0.00

853,168.97

0.00

848,239.78

1277.518964861

0.000000000

1284.811838653

0.000000000

Fixed

3,694.33

7.292873791

6.76760000%

7.292873791

COMP-III

506,567.11

0.00

650,843.42

0.00

647,149.09

Total P&I Payment

14,206.08

1,916,326.55

2,456,064.20

0.00

Total

2,470,270.28

0.00

Page 5 of 25

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

4,681,780.15

)

(14,206.08

0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

5,023,815.73

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

)

(11,220.26

0.00
0.00

0.00

)

(11,553.70

4,980,487.12

)

(1,564.53

0.00
0.00
0.00

)

(1,564.53

688,165.72

40,698.54

728,864.26

0.00
0.00
0.00
0.00
0.00
0.00

728,864.26

5,709,351.38

5,707,786.85

784,734,258.50

126

728,864.26

0.00

14,206.08

0.00

784,019,600.32

126

172,672.00

893,608.40

40,698.54

356,241.66

91,622.03

750,873.29

31,774.91

0.00
0.00

2,467.45

34,242.37

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(31,774.91

4,978,922.59

Interest Not Advanced (

Current Period

)

0.00

356,241.66

Workout Fees
Liquidation Fees

)

(333.44

0.00

Less Non Recovered

)

(498,976.76

)

(121,748.51

0.00

Advance Summary (Advance Made by Servicer)

Page 6 of 25

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

11,220.26

333.44

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

11,553.70

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

)

(11,553.70

)

(11,553.70

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 25

First Union Commercial Mortgage Securities, Inc.

Class

Accrued

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

61,400.51

0.00

23.63%

24.66%

30/360

5.196000000%

0.00

A-2

720,242.95

0.00

23.63%

24.66%

30/360

6.180000000%

0.00

A-3

2,331,179.68

0.00

23.63%

24.66%

30/360

6.423000000%

0.00

184,872.78

0.00

19.50%

20.34%

30/360

6.568000000%

0.00

67,955.70

0.00

18.00%

18.76%

30/360

6.639000000%

0.00

131,829.60

0.00

15.13%

15.75%

30/360

6.720000000%

0.00

64,063.71

0.00

13.75%

14.31%

30/360

6.828000000%

0.00

73,708.24

0.00

12.25%

12.74%

30/360

7.201000000%

0.00

74,705.27

0.00

10.75%

11.17%

30/360

7.299000000%

0.00

78,359.44

0.00

9.25%

9.60%

30/360

7.655404510%

0.00

94,494.64

0.00

7.00%

7.24%

30/360

6.155000000%

0.00

73,500.96

0.00

5.25%

5.40%

30/360

6.155000000%

0.00

31,498.21

0.00

4.50%

4.62%

30/360

6.155000000%

0.00

20,998.81

0.00

4.00%

4.10%

30/360

6.155000000%

0.00

31,503.34

0.00

3.25%

3.31%

30/360

6.155000000%

0.00

20,998.81

0.00

2.75%

2.79%

30/360

6.155000000%

0.00

111,666.59

271,954.92

100,112.89

171,842.03

0.00%

30/360

6.155000000%

)

(11,553.70

160,288.33

0.00

IO-I

385,913.54

0.00

30/360

0.591992447%

0.00

IO-II

431,583.52

0.00

30/360

1.103265099%

0.00

Z-I

0.00

30/360

0.000000000%

0.00

Z-II

0.00

30/360

0.000000000%

0.00

4,990,476.30

5,150,764.63

4,978,922.60

171,842.03

)

(11,553.70

160,288.33

0.00

(2) Accrued - Deductions + Additions Interest

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

Page 8 of 25

(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-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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%

15-Apr-05

12,688,869

66,185,258

0.00%

0.79%

1.62%

0.00%

4.76%

8.44%

15-Mar-05

12,697,163

66,235,082

0.00%

0.79%

1.62%

0.00%

3.97%

8.27%

15-Feb-05

12,713,238

65,030,793

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

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

Page 9 of 25

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

15-Apr-05

126

100.80%

784,019,600

95.75%

0.00%

303

7.71%

7.65%

15-Mar-05

126

100.80%

784,734,258

95.84%

0.00%

304

7.46%

7.41%

15-Feb-05

126

100.80%

785,926,343

95.98%

0.00%

305

7.46%

7.41%

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%

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

Page 10 of 25

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-Mar-05

16-May-05

15-Mar-05

15-Apr-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 25

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

38,187,011

4.87

7.62

1.21

0 to

2,000,000

82,340,221

10.50

7.43

1.42

2,000,000 to

4,000,000

115,049,002

14.67

7.58

1.32

4,000,000 to

6,000,000

100,617,820

12.83

7.46

1.41

6,000,000 to

8,000,000

62,203,037

7.93

7.37

1.41

8,000,000 to 10,000,000

191,766,816

24.46

7.48

1.28

10,000,000 to 15,000,000

15,168,649

1.93

7.50

1.74

15,000,000 to 20,000,000

43,087,721

5.50

7.12

2.58

20,000,000 to 25,000,000

25,246,033

3.22

7.63

1.77

25,000,000 to 30,000,000

33,234,551

4.24

7.60

1.01

30,000,000 to 35,000,000

77,118,739

9.84

7.32

1.30

35,000,000 to 40,000,000

0.00

40,000,000 &

Above

39,585,949

637,857

784,019,600

126

100.00%

Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance

6,222,378

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

26,313,036

3.36

6.62

1.66

6.500%

6.750%

62,369,809

7.96

6.98

1.06

6.751%

7.000%

86,827,688

11.07

7.20

1.52

7.001%

7.250%

273,138,592

34.84

7.38

1.44

7.251%

7.500%

232,439,117

29.65

7.61

1.49

7.501%

7.750%

66,361,787

8.46

7.85

1.40

7.751%

8.000%

6,246,640

0.80

8.15

1.42

8.001%

8.250%

25,168,393

3.21

8.40

0.80

8.251%

8.500%

5,154,537

0.66

113

8.70

0.42

8.501%

8.750%

0.00

8.751%

Above

126

784,019,600

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

71,288,165

9.09

7.67

2.01

3,664,405

0.47

103

6.91

0.97

110

0.00

111

140

2,993,010

0.38

171

8.06

1.14

141

200

2,419,837

0.31

213

7.90

1.04

201

Above

213

80,365,418

Minimum Remaining Term

Maximum Remaining Term

10.25%

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

66,122,873

8.43

7.36

1.14

101

624,068,390

79.60

7.43

1.39

0.00

120

4,110,669

0.52

124

8.72

0.53

121

150

6,558,737

0.84

158

8.44

1.01

151

180

0.00

181

210

2,793,513

0.36

213

7.75

1.00

211

240

0.00

241

& Above

213

112

703,654,183

Minimum Remaining Term

Maximum Remaining Term

89.75

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-Mar-05

16-May-05

15-Mar-05

15-Apr-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 12 of 25

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

Less than zero

30,807,568

3.93

7.84

0.56

0.001 0.750

12,282,115

1.57

8.33

0.85

0.751 0.875

46,658,681

5.95

7.21

0.96

0.876 1.000

77,025,223

9.82

7.54

1.04

1.001 1.125

115,727,709

14.76

7.45

1.19

1.126 1.250

55,656,198

7.10

7.51

1.32

1.251 1.375

187,713,032

23.94

7.45

1.44

1.376 1.500

100,388,469

12.80

7.45

1.57

1.501 1.625

59,772,049

7.62

7.13

1.71

1.626 1.750

48,485,781

6.18

7.54

1.80

1.751 1.875

5,764,068

0.74

7.15

1.90

1.876 2.000

15,928,528

2.03

7.46

2.19

2.001 2.500

0.00

2.501 3.000

22,992,382

2.93

7.58

3.36

3.001 & Above

4,817,799

0.61

7.48

0.00

Unknown

3.360
0.410

126

784,019,600

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

6,457,918

0.82

151

7.27

0.98

0.751 1.000

213,205,684

27.19

7.63

1.26

1.001 1.250

531,277,365

67.76

7.40

1.40

1.251 1.500

2,328,394

0.30

7.93

1.65

1.501 1.750

5,276,553

0.67

7.00

1.24

1.751 2.000

22,992,382

2.93

7.58

3.36

2.001 2.250

0.00

2.251 2.500

0.00

2.501 2.750

0.00

2.751 & Above

2,481,305

0.32

6.91

0.00

Unknown

2.080

1.000

126

784,019,600 100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

California

110,995,187

14.16

7.53

1.58

Texas

109,845,723

14.01

7.39

0.99

Florida

89,393,086

11.40

7.41

1.44

CMBS Certificate

66,715,941

8.51

7.42

1.43

Pennsylvania

45,844,322

5.85

7.57

1.09

Michigan

43,295,770

5.52

7.55

1.34

Maryland

43,087,721

5.50

7.12

2.58

North Carolina

34,876,034

4.45

7.29

1.40

Illinois

33,925,662

4.33

7.18

1.48

New York

22,692,615

2.89

7.75

1.47

Nevada

15,721,307

2.01

7.73

1.44

New Jersey

15,657,943

2.00

8.23

0.98

Washington

14,298,701

1.82

7.60

1.23

Wisconsin

13,429,349

1.71

7.42

1.47

Virginia

13,376,396

1.71

7.34

1.60

District of Columbia

12,624,636

1.61

7.39

1.46

Iowa

12,381,101

1.58

7.75

1.47

Massachusetts

9,896,143

1.26

7.19

1.58

Arizona

9,215,361

1.18

7.28

1.26

Ohio

8,924,095

1.14

7.35

1.41

West Virginia

8,205,623

1.05

145

8.11

0.93

Minnesota

6,830,709

0.87

7.43

1.63

Indiana

6,525,785

0.83

7.74

1.35

Missouri

5,422,076

0.69

7.75

1.48

Mississippi

5,309,100

0.68

7.83

1.18

Colorado

4,989,866

0.64

7.68

1.29

Alabama

4,622,861

0.59

7.22

0.72

Georgia

3,561,523

0.45

7.25

1.66

Maine

3,204,307

0.41

7.00

0.93

Kansas

2,277,217

0.29

7.32

1.55

Oregon

2,130,077

0.27

7.88

1.05

Arkansas

2,003,240

0.26

7.22

1.51

South Carolina

1,581,340

0.20

165

8.00

1.13

Tennessee

1,158,782

0.15

7.75

1.37

100.00

784,019,600

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-Mar-05

16-May-05

15-Mar-05

15-Apr-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 25

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Multifamily

238,407,529

30.41

7.47

1.12

Retail

201,425,301

25.69

7.43

1.43

Office

138,130,395

17.62

7.40

1.53

Industrial

82,862,046

10.57

7.53

1.40

Mixed use

53,801,320

6.86

7.56

1.34

Self storage

29,183,152

3.72

7.50

1.78

Lodging

22,992,382

2.93

7.58

3.36

Mobile home park

15,954,266

2.03

7.30

1.21

Other

1,263,209

0.16

7.85

1.10

784,019,600

126

100.00%

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

AmortizingBalloon

111

714,200,783

91.09

7.49

1.45

Full Amortizing

8,921,824

1.14

150

7.69

1.06

IO/Amortizing/Balloon

58,415,688

7.45

7.12

1.07

Other

2,481,305

0.32

6.91

0.00

784,019,600

126

100.00%

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

100

650,516,394

82.97

1.37

7.41

133,503,206

17.03

1.59

7.69

0.00

108

0.00

109

120

0.00

121

126

784,019,600

100.00%

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

2005

59,251,747

7.56

7.39

1.09

2006

0.00

2007

7,728,119

0.99

7.03

1.39

2008

0.00

2009

21,802,423

2.78

7.96

0.96

2010

105

672,697,139

85.80

7.44

1.47

2011

0.00

2012

3,664,405

0.47

103

6.91

0.97

2013

0.00

2014

4,110,669

0.52

124

8.72

0.53

2015

14,765,098

1.88

180

8.14

1.04

2016 & Greater

100.00

784,019,600

126

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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-04

7.30000%

1-Aug-11

FUNB01CH

Retail

1.43

39,585,949

281,084

31-Dec-03

7.35000%

1-Apr-06

FUNB01CH

Multifamily

1.16

37,532,789

268,699

31-Dec-03

7.60000%

1-Jun-11

FUNB01CH

Multifamily

1.01

33,234,551

242,890

31-Dec-04

7.62500%

1-Jul-11

FUNB01CH

Office

1.77

25,246,033

184,734

31-Dec-04

7.57600%

1-Jan-11

FUNB01CG

Lodging

3.36

22,992,382

180,282

31-Dec-04

6.60000%

1-May-11

FUNB01CH

Office

1.68

20,095,340

134,118

31-Dec-03

7.50000%

1-Apr-11

FUNB01CH

Self storage

1.74

15,168,649

119,074

31-Dec-03

7.27300%

1-May-11

FUNB01CH

Retail

1.41

13,954,839

104,270

31-Dec-04

7.50000%

1-Mar-11

FUNB01CH

Mixed use

1.60

14,328,002

104,043

31-Dec-03

7.50000%

1-Apr-11

FUNB01CH

Self storage

1.83

14,014,503

110,014

31-Dec-03

7.60100%

1-Jun-11

FUNB01CH

Industrial

1.23

14,298,701

104,509

31-Dec-02

7.52000%

1-Aug-11

FUNB01CH

Multifamily

1.49

14,265,911

103,336

31-Dec-04

7.18000%

1-Apr-11

FUNB01CH

Retail

1.56

14,154,588

99,786

25-Aug-03

7.44000%

1-May-11

FUNB01CH

Multifamily

0.95

12,688,869

89,641

31-Dec-03

7.51000%

1-Jan-11

FUNB01CH

Mixed use

0.51

12,367,779

90,105

31-Dec-04

7.75000%

1-Jun-11

FUNB01CH

Office

1.47

12,381,101

91,701

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

0.97

12,268,045

85,108

31-Dec-03

8.32700%

1-Oct-10

FUNB01CH

Multifamily

0.85

12,282,115

99,746

31-Dec-04

7.41000%

1-Jun-11

FUNB01CH

Multifamily

1.41

12,057,841

86,633

31-Dec-04

7.65000%

1-Apr-11

FUNB01CH

Office

1.23

11,346,630

83,439

31-Dec-03

7.61000%

1-Jul-11

FUNB01CH

Industrial

1.38

11,122,422

81,278

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

1.07

10,235,470

71,007

31-Dec-04

7.50800%

1-May-11

FUNB01CH

Retail

1.35

9,974,894

72,355

Page 14 of 25

* 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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

9,421,723

67,346

31-Dec-03

7.35000%

1-Apr-11

FUNB01CH

Retail

1.57

8,853,889

63,385

31-Dec-03

7.80000%

1-Jun-11

FUNB01CH

Retail

1.57

8,805,639

65,508

31-Dec-04

7.15000%

1-Jun-11

FUNB01CH

Office

1.49

8,662,701

60,787

31-Dec-03

7.42000%

1-Nov-10

FUNB01CH

Multifamily

1.11

8,257,099

64,941

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

1.12

8,227,091

57,075

31-Dec-03

7.23000%

1-Apr-11

FUNB01CH

Industrial

1.22

7,767,820

55,010

31-Dec-03

7.92400%

1-Jul-11

FUNB01CH

Office

1.55

7,736,631

58,132

31-Dec-04

7.61800%

1-Jul-11

FUNB01CH

Mobile home park

1.14

7,665,281

56,055

31-Dec-03

6.99000%

1-Apr-11

FUNB01CH

Multifamily

0.98

7,501,171

52,039

31-Dec-03

7.27000%

1-May-11

FUNB01CH

Office

1.49

7,495,042

52,632

31-Dec-03

7.86000%

1-Jun-11

FUNB01CH

Industrial

1.51

7,454,404

55,750

31-Dec-04

7.37000%

1-Apr-11

FUNB01CH

Retail

1.42

7,363,484

52,811

31-Dec-04

7.50000%

1-Jun-11

FUNB01CH

Office

1.29

7,240,045

52,441

31-Dec-04

7.37000%

1-Mar-11

FUNB01CH

Mixed use

2.25

7,165,384

51,430

31-Dec-02

7.19000%

1-May-11

FUNB01CH

Industrial

1.36

7,023,122

49,502

31-Dec-03

8.44000%

1-Jun-18

FUNB01CH

Retail

1.01

6,558,737

61,791

31-Dec-03

7.40700%

1-Jul-11

FUNB01CH

Industrial

1.52

6,759,233

48,500

31-Dec-04

7.54000%

1-Jun-11

FUNB01CH

Multifamily

1.48

6,669,769

48,435

31-Dec-04

6.68700%

1-Apr-11

FUNB01CH

Office

1.58

6,217,697

41,887

31-Dec-03

7.39000%

1-May-11

FUNB01CH

Retail

1.75

5,782,386

41,502

31-Dec-04

7.37500%

1-May-11

FUNB01CH

Retail

1.49

5,781,648

41,441

31-Dec-04

7.15000%

1-Apr-11

FUNB01CH

Retail

1.90

5,764,068

40,524

Page 15 of 25

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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

5,688,901

41,052

31-Dec-03

8.50000%

1-Mar-06

FUNB01CH

Multifamily

0.41

5,669,588

44,905

31-Dec-02

7.74000%

1-May-11

FUNB01CH

Retail

1.41

5,557,564

41,154

25-Dec-03

7.30000%

1-May-06

FUNB01CH

Mixed use

1.18

5,489,040

39,078

31-Dec-03

7.75100%

1-Jul-11

FUNB01CH

Office

1.48

5,422,076

40,123

31-Dec-04

7.25000%

1-Apr-11

FUNB01CH

Retail

1.69

5,384,591

38,202

31-Dec-03

7.00000%

1-Apr-06

FUNB01CH

Multifamily

1.24

5,276,553

36,592

31-Dec-03

7.83000%

1-Jul-11

FUNB01CH

Mixed use

1.18

5,309,100

39,563

31-Dec-04

7.70000%

1-Apr-11

FUNB01CH

Industrial

1.45

5,279,928

38,999

31-Dec-03

7.00000%

1-Apr-08

FUNB01CH

Mobile home park

1.49

5,084,678

35,261

31-Dec-04

7.58000%

1-Jul-11

FUNB01CH

Multifamily

1.34

5,076,429

36,997

31-Dec-03

7.45000%

1-Apr-11

FUNB01CH

Industrial

1.20

4,704,532

36,787

31-Dec-03

7.22000%

1-Jun-11

FUNB01CH

Multifamily

0.72

4,622,861

32,647

1-Jun-11

FUNB01CH

Office

1-Mar-04

31-Dec-03

7.78000%

1-Jul-11

FUNB01CH

Industrial

1.30

4,324,101

32,080

31-Dec-03

7.67000%

1-Mar-11

FUNB01CH

Multifamily

1.24

4,291,238

31,635

31-Dec-03

8.15000%

1-Apr-11

FUNB01CH

Multifamily

1.50

4,165,653

32,003

31-Dec-04

7.70000%

1-Apr-11

FUNB01CH

Industrial

1.49

4,140,931

30,586

31-Dec-04

7.23000%

1-Apr-11

FUNB01CH

Retail

1.71

4,085,796

28,935

31-Dec-03

8.72000%

1-Aug-15

FUNB01CH

Multifamily

0.53

4,110,669

33,344

31-Dec-03

7.72400%

1-Jul-11

FUNB01CH

Office

0.74

4,036,670

29,800

31-Dec-03

7.25000%

1-Apr-11

FUNB01CH

Office

1.84

3,966,328

28,140

13-Dec-04

7.92900%

1-Jun-11

FUNB01CH

Mixed use

1.38

3,826,047

28,788

Page 16 of 25

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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

3,567,752

27,773

31-Dec-03

7.76000%

1-Mar-11

FUNB01CH

Retail

1.01

3,618,983

26,891

31-Dec-03

7.25000%

1-May-11

FUNB01CH

Retail

1.66

3,561,523

25,241

20-Dec-03

7.12500%

1-May-11

FUNB01CH

Multifamily

1.38

3,557,635

24,928

31-Dec-04

7.25000%

1-Apr-11

FUNB01CH

Retail

1.74

3,365,369

23,876

31-Dec-04

7.41000%

1-May-11

FUNB01CH

Retail

1.30

3,362,064

24,174

31-Dec-03

7.40000%

1-Mar-11

FUNB01CH

Multifamily

1.29

3,247,893

23,375

31-Dec-03

7.51000%

1-May-11

FUNB01CH

Retail

1.25

3,231,765

23,447

31-Dec-03

7.00000%

1-Apr-11

FUNB01CH

Mobile home park

0.93

3,204,307

22,221

31-Dec-04

7.78000%

1-Jul-11

FUNB01CH

Retail

1.34

3,166,811

23,495

31-Dec-03

7.25000%

1-Mar-11

FUNB01CH

Retail

1.62

3,018,702

21,434

31-Dec-03

7.25000%

1-Mar-11

FUNB01CH

Industrial

2.27

2,882,274

20,465

31-Dec-04

7.68000%

1-Jul-11

FUNB01CH

Retail

1.35

2,864,381

21,063

31-Dec-03

7.75000%

15-Jan-23

FUNB01CH

Retail

1.00

2,793,513

22,373

31-Dec-04

7.25000%

1-May-11

FUNB01CH

Retail

1.29

2,803,015

19,865

31-Dec-04

7.39500%

1-May-11

FUNB01CH

Retail

1.40

2,708,199

19,446

31-Dec-03

7.60000%

1-May-11

FUNB01CH

Office

2.03

2,703,197

19,770

31-Dec-03

7.46000%

1-May-11

FUNB01CH

Multifamily

0.97

2,661,472

19,223

31-Dec-03

7.09300%

1-May-08

FUNB01CH

Multifamily

1.20

2,643,441

18,468

31-Dec-03

7.90000%

1-Jan-23

FUNB01CH

Retail

1.04

2,419,837

21,324

31-Dec-04

7.93000%

1-Aug-11

FUNB01CH

Mixed use

1.65

2,328,394

17,493

31-Dec-03

7.00000%

1-Jul-06

FUNB01CH

Multifamily

1.21

2,309,626

15,967

31-Dec-03

7.32000%

1-Jul-11

FUNB01CH

Multifamily

1.55

2,277,217

16,212

Page 17 of 25

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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

2,117,158

14,637

31-Dec-03

7.87500%

1-Jun-11

FUNB01CH

Office

1.05

2,130,077

15,952

31-Dec-04

7.22000%

1-Jun-11

FUNB01CH

Multifamily

1.51

2,003,240

14,147

31-Dec-03

7.87000%

1-May-11

FUNB01CH

Retail

1.52

1,838,328

13,770

31-Dec-03

6.94200%

1-Nov-13

FUNB01CA

Retail

0.97

1,418,637

18,320

31-Dec-04

7.50000%

1-Apr-11

FUNB01CH

Retail

1.87

1,691,165

12,271

31-Dec-04

7.75000%

1-Apr-11

FUNB01CH

Mixed use

1.31

1,681,199

12,473

30-Dec-03

8.00000%

15-Jan-19

FUNB01CH

Retail

1.13

1,581,340

15,111

100

31-Dec-03

7.85000%

15-Oct-10

FUNB01CH

Other

1.10

1,263,209

20,226

101

31-Dec-04

7.25000%

1-Jun-11

FUNB01CH

Retail

1.33

1,560,611

11,051

102

31-Dec-03

6.94200%

1-Nov-13

FUNB01CC

Retail

0.96

1,252,604

16,176

103

31-Dec-04

7.50000%

1-Mar-11

FUNB01CH

Multifamily

1.39

1,540,646

11,187

104

31-Dec-04

7.37500%

1-Mar-11

FUNB01CH

Multifamily

1.26

1,514,897

10,878

105

30-Dec-03

8.12500%

1-Jan-20

FUNB01CH

Retail

1.15

1,411,670

13,249

106

31-Dec-03

7.55000%

1-May-11

FUNB01CH

Retail

1.47

1,447,542

10,540

107

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Industrial

1.50

1,415,677

11,330

108

31-Dec-03

7.87500%

1-Mar-11

FUNB01CH

Mixed use

2.02

1,306,375

13,371

109

1-Jul-11

FUNB01CH

Mobile home park

1-Aug-04

110

7.62500%

1-Apr-11

FUNB01CH

Multifamily

0.00

1,292,627

9,484

111

31-Dec-03

7.50000%

30-Apr-11

FUNB01CH

Multifamily

2.24

1,233,442

8,950

112

31-Dec-03

6.82000%

1-Nov-13

FUNB01CE

Retail

0.98

993,163

12,765

113

31-Dec-03

7.86000%

1-May-11

FUNB01CH

Retail

1.58

1,160,957

8,688

114

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Office

1.37

1,158,782

8,597

115

Page 18 of 25

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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

1,157,138

8,456

116

31-Dec-03

7.87500%

1-Feb-11

FUNB01CH

Multifamily

1.06

1,080,168

8,121

117

8.62500%

1-Mar-11

FUNB01CH

Office

0.00

1,043,867

8,934

118

31-Dec-03

7.87000%

1-Mar-11

FUNB01CH

Retail

1.50

951,453

8,698

119

31-Dec-03

7.75000%

1-Jul-11

FUNB01CH

Multifamily

0.99

968,221

7,164

120

31-Dec-03

7.75000%

1-Apr-11

FUNB01CH

Retail

0.94

908,678

6,741

121

31-Dec-03

7.62500%

1-Apr-11

FUNB01CH

Multifamily

1.22

868,183

6,370

122

31-Dec-03

8.20000%

1-May-11

FUNB01CH

Office

1.53

669,317

5,160

123

31-Dec-03

8.37500%

1-Apr-11

FUNB01CH

Multifamily

1.32

657,953

5,153

124

31-Dec-04

8.00000%

1-Mar-11

FUNB01CH

Retail

2.14

637,857

5,210

125

6.94200%

1-Aug-11

FUNB01CB

Retail

0.00

970,589

126

6.94200%

1-Apr-06

FUNB01CD

Retail

0.00

856,993

127

6.82000%

1-Jun-11

FUNB01CF

Retail

0.00

653,722

128

784,019,600

5,755,147

Page 19 of 25

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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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-Mar-05

241,503.88

0.00

23-Apr-04

1-Oct-04

89,112.42

534,667.54

0.00

8-Oct-04

4-Jan-05

1-Mar-05

41,030.65

0.00

1-Mar-05

15,862.72

0.00

1-Mar-05

9,430.54

0.00

27-Oct-04

111

396,940.20

842,495.33

Total

Page 20 of 25

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-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

1,292,627

313

7.63%

1-Apr-11

Multifamily

1,293,618

Not Avail.

Not Avail. Not Avail.

111

15-Dec-03

1,043,867

252

8.63%

1-Mar-11

Office

1,043,867

Not Avail.

Not Avail. Not Avail.

118

8-Oct-04

12,688,869

317

7.44%

1-May-11

Multifamily

12,748,087

1,027,276

0.95 25-Aug-03

8-Oct-04

12,367,779

310

7.51%

1-Jan-11

Mixed use

12,367,779

552,681

0.51 31-Dec-03

23-Apr-04

33,234,551

315

7.60%

1-Jun-11

Multifamily

33,259,774

2,955,649

1.01 31-Dec-03

20-Oct-03

5,557,564

314

7.74%

1-May-11

Retail

5,557,564

696,174

1.41 31-Dec-02

66,185,258

66,270,690

Page 21 of 25

(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:

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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 payingon time.

111

Other/TBD

Loan is current except for disputed default interest. 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

Leased occupancy @ 92%. Marketing package has been approved. Call for offers date of 4/20/05.

No servicer comment.

Other/TBD

Negotiating the documentation for a payoff of the loan with a partial payment towards the prepayment premium.

Pending Return to Master Servicer

Loan was transferred October 20, 2003 due to the borrower transferring partial interest in the property to a related party. Received
notification October 27, 2004 that the TIC the borrowers put into place has been merged into and with our original borrower. The ownership
of the partnership is now Gersten 50%, Swolsky 25% and Swolsky's ex-wife's Trust 25%. The consent to the change in ownership has been
executed, loan is now in rehab period prior to return to the Master Servicer.

14-Apr-2005 - 15:42 (G292-G295, G624-G642) (c) 2005 LaSalle Bank
N.A.

Page 22 of 25

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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 25

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

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

216,811.62

708,188.38

693,882.81

65.97%

50.51%

19-Mar-01

1,800,000.00

110

200403

4,416,599.25

4,967,194.67

604,068.54

4,363,126.13

53,473.12

112.47%

98.79%

20-Apr-01

5,900,000.00

5,818,670.44

5,892,194.67

820,880.16

5,071,314.51

747,355.93

Current Total
Cumulative

Page 24 of 25

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

First Union Commercial Mortgage Securities, Inc.

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

15-Apr-05
15-Apr-05

15-Mar-05

16-May-05

31-Mar-05

Wachovia Bank, National Association, as Servicer

Commercial Mortgage Pass-Through Certificates

Series 2001-C3

Bond/Collateral Realized Loss Reconciliation

Statement Date:

ABN AMRO Acct: 720357.2

Prospectus

Period

Aggregate

Realized Loss

on Loans

Prior Realized

Loss Applied to

Certificates

Amounts Covered by

Overcollateralization

and other Credit Support

Additional (Recoveries)/

Expenses applied to

Realized Losses

Current Realized

Loss Applied to

Certififcates

Recoveries of

Realized Losses

paid as Cash

(Recoveries)/

Realized Loss

Applied to

Certificate Interest

Modification

Adjustments/Appraisal

Reduction Adjustment

Interest

(Shortages)

/Excesses applied

to Realized

Losses

Beginning

Balance of the

Loan at

Liquidation

(A)

(B)

(C)

(D)

(E)

(*)

|------------------------------------------------------Adjustments--------------------------------------------------|

53,473

4,416,599

53,473

200403

515000060

693,883

1,402,071

693,883

200408

615000110

747,356

Page 25 of 25

*In the Initial Period the Current Realized Loss Applied to Certificates will equal Aggregate Realized Loss on Loans - B - C - D + E instead of A - B - C - D + E

Description of Fields

A
B
C
D

Prior Realized Loss Applied to Certificates
Reduction to Realized Loss applied to bonds (could represent OC, insurance policies, reserve accounts, etc)

Adjustments that are based on principal haircut or future interest foregone due to modification
Realized Loss Adjustments, Supplemental Recoveries or Expenses on a previously liquidated loan

Amounts classified by the Master as interest adjustments from general collections on a loan with a Realized Loss

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