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) June 30, 2005 ------------------------------ Structured Asset Securities Corporation II ------------------------------------------------------------------ (Exact Name of Registrant as Specified in Its Charter) Delaware 333-119328-05 82-0569805 -------------------------------------------------------------------------------- (State or Other Jurisdiction (Commission (IRS Employer of Incorporation) File Number) Identification No.) 745 Seventh Avenue, New York, New York 10019 -------------------------------------------------------------------------------- (Address of Principal Executive Offices) (Zip Code) Registrant's telephone number, including area code (212) 526-7000 ---------------------------- N/A ----------------------------------------------------------------------- (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: [ ] 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 1 - Registrant's Business and Operations Item 1.01 Entry into a Material Definitive Agreement. --------- ------------------------------------------- On June 30, 2005, a pooling and servicing agreement dated as of June 13, 2005 (the "Pooling and Servicing Agreement"), was entered into by and among Structured Asset Securities Corporation II as depositor (the "Registrant"), a master servicer, a special servicer, a trustee and a fiscal agent, for the purpose of issuing a single series of certificates, entitled LB-UBS Commercial Mortgage Trust 2005-C3, Commercial Mortgage Pass-Through Certificates, Series 2005-C3 (the "Certificates"). The Pooling and Servicing Agreement is attached as Exhibit 4.1 hereto. Certain classes of the Certificates, designated as Class A-1, Class A-2, Class A-3, Class A-4, Class A-AB, Class A-5, Class A-M, Class A-J, Class B, Class C, Class D, Class E, Class F and Class X-CP (collectively, the "Underwritten Certificates") were registered under the Registrant's registration statement on Form S-3 (Registration No. 333-119328) and sold to Lehman Brothers Inc. and UBS Securities LLC (collectively, the "Underwriters") pursuant to an underwriting agreement dated as of June 21, 2005 (the "Underwriting Agreement") between the Registrant, the Underwriters and the mortgage loan sellers. The Underwriting Agreement is attached as Exhibit 1.1 hereto. Certain of the mortgage loans backing the Underwritten Certificates were acquired by the Registrant from UBS Real Estate Investments Inc. as a seller pursuant to a Mortgage Loan Purchase Agreement dated as of June 21, 2005 (the "UBS/Registrant Mortgage Loan Purchase Agreement"), which agreement contains representations and warranties made by that mortgage loan seller to the Registrant with respect to those mortgage loans. The UBS/Registrant Mortgage Loan Purchase Agreement is attached as Exhibit 99.1 hereto. Section 9 - Financial Statements and Exhibits Item 9.01 Financial Statements and Exhibits. --------- ---------------------------------- Listed below are the financial statements, pro forma financial information and exhibits, if any, filed as a part of this report: (a) Financial statements of businesses acquired: -------------------------------------------- Not applicable. (b) Pro forma financial information: -------------------------------- Not applicable. (c) Exhibits: --------- Exhibit No. Description 1.1 Underwriting Agreement dated as of June 21, 2005 among Structured Asset Securities Corporation II as seller, Lehman Brothers Inc. and UBS Securities LLC 2 as underwriters and UBS Real Estate Investments Inc. and Lehman Brothers Holdings Inc. as mortgage loan sellers. 4.1 Pooling and Servicing Agreement dated as of June 21, 2005 among Structured Asset Securities Corporation II as depositor, Wells Fargo Bank, National Association as master servicer, J.E. Robert Company, Inc. as special servicer, LaSalle Bank National Association as trustee and ABN AMRO Bank N.V. 99.1 Mortgage Loan Purchase Agreement dated as of June 21, 2005 between UBS Real Estate Investments Inc. as seller, UBS Principal Finance LLC as an additional party, and Structured Asset Securities Corporation II as purchaser. 3 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, thereunto duly authorized. Date: July 15, 2005 STRUCTURED ASSET SECURITIES CORPORATION II By: /s/ David Nass ---------------------------------- Name: David Nass Title: Senior Vice President 4 EXHIBIT INDEX ------------- The following exhibits are filed herewith: Exhibit No. Page No. ----------- -------- 1.1 Underwriting Agreement dated as of June 21, 2005 among Structured Asset Securities Corporation II as seller, Lehman Brothers Inc. and UBS Securities LLC as underwriters and UBS Real Estate Investments Inc. and Lehman Brothers Holdings Inc. as mortgage loan sellers. 4.1 Pooling and Servicing Agreement dated as of June 21, 2005 among Structured Asset Securities Corporation II as depositor, Wells Fargo Bank, National Association as master servicer, J.E. Robert Company, Inc. as special servicer, - LaSalle Bank National Association as trustee and ABN AMRO Bank N.V. as fiscal agent 99.1 Mortgage Loan Purchase Agreement dated as of June 21, 2005 between UBS Real Estate Investments Inc. as seller, UBS Principal Finance LLC as an additional party, and Structured Asset Securities Corporation II as purchaser. 5

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) July 15, 2005

Structured Asset Securities Corporation II
(Exact name of registrant as specified in its charter)

Delaware
(State or other jurisdiction
of incorporation)

333-119328-05
(Commission
File Number)

82-0569805
(IRS Employer
Identification No.)

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

10019
(Zip Code)

Registrant's telephone number, including area code 212-526-7000

(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 LB-UBS Commercial Mortgage Trust 2005-C3, Commercial Mortgage Pass-Through Certificates, Series 2005-C3, which was made on July 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 July 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 TRUSTEE UNDER THE POOLING AND SERVICING AGREEMENT ON BEHALF OF STRUCTURED ASSET SECURITIES CORPORATION II, REGISTRANT

By: /s/ Russell Goldenberg
Russell Goldenberg
Group Senior Vice President

Date: July 20, 2005

LB-UBS Commercial Mortgage Trust 2005-C3

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Reporting Package Table of Contents

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Administrator:

Thomas Stilling 312.904.6057
thomas.stilling@abnamro.com

Analyst:

Karen Wu 714.259.6248
karen.wu@abnamro.com

Statement Date:

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

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

Asset-Backed Facts ~ 15 Month Loan Status Summary

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

Delinquent Loan Detail
Loan Level Detail
Realized Loss Detail

Page 2-4
Page 5-8
Page 9-10
Page 11

Page 12-15

Page 16-19
Page 20-22

Page 23
Page 24-28

Page 29

Historical REO Report

Appraisal Reduction Detail
Modified Loan Detail
Historical Collateral Prepayment

Specially Serviced (Part I) - Loan Detail
Specially Serviced (Part II) - Servicer Comments
Summary of Loan Maturity Extensions

Page 30

Page 31
Page 32
Page 33

Page 34
Page 35
Page 36

Page(s)

Information is available for this issue from the following sources

Issue Id:

Monthly Data File
Name:

LUBS05C3

LUBS05C3_200507_3.ZIP

Closing Date:

First Payment Date:

Rated Final Payment: Date:

30-Jun-05
15-Jul-05

18-Jul-40

Rating Information
Other Related Information

Page 37-38
Page 39

Parties to The Transaction

Depositor: Structured Asset Securities Corporation II

Underwriter: Lehman Brothers Inc./UBS Securities LLC

Master Servicer: Wells Fargo Bank, National Association

Special Servicer: J.E. Robert Company, Inc

Rating Agency: Standard & Poor's Rating Services/Moody's Investors Service, Inc.

800.246.5761

LaSalle Factor Line

LaSalle Web Site

Servicer Web Site

www.wellsfargo.com/cms

www.etrustee.net

Page 1 of 39

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:

5.672201%

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

LB-UBS Commercial Mortgage Trust 2005-C3

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

108

REMIC III

Statement Date:

ABN AMRO Acct: 722761.1

1000.000000000

12.983434337

0.000000000

987.016565663

3.661666627

Fixed

0.00

0.000000000

4.3940000000%

0.000000000

52108H4Q4

A-1

83,000,000.00

1,077,625.05

0.00

81,922,374.95

303,918.33

83,000,000.00

1000.000000000

0.000000000

1000.000000000

3.794166667

Fixed

0.00

0.000000000

4.5530000000%

0.000000000

52108H4R2

A-2

153,000,000.00

0.00

153,000,000.00

580,507.50

153,000,000.00

1000.000000000

0.000000000

1000.000000000

3.872500000

Fixed

0.00

0.000000000

4.6470000000%

0.000000000

52108H4S0

A-3

269,000,000.00

0.00

269,000,000.00

1,041,702.50

269,000,000.00

1000.000000000

0.000000000

1000.000000000

4.583333300

5.5000000000%

0.00

0.000000000

5.5000000000%

0.000000000

52108H4T8

A-4

100,000,000.00

0.00

100,000,000.00

458,333.33

100,000,000.00

1000.000000000

0.000000000

1000.000000000

3.886666625

Fixed

0.00

0.000000000

4.6640000000%

0.000000000

52108H4U5

A-AB

80,000,000.00

0.00

80,000,000.00

310,933.33

80,000,000.00

1000.000000000

0.000000000

1000.000000000

3.949166674

Fixed

0.00

0.000000000

4.7390000000%

0.000000000

52108H5X8

A-5

691,686,000.00

0.00

691,686,000.00

2,731,583.30

691,686,000.00

1000.000000000

0.000000000

1000.000000000

3.995000000

Fixed

0.00

0.000000000

4.7940000000%

0.000000000

52108H4V3

A-M

196,670,000.00

0.00

196,670,000.00

785,696.65

196,670,000.00

1000.000000000

0.000000000

1000.000000000

4.035833342

Fixed

0.00

0.000000000

4.8430000000%

0.000000000

52108H4W1

A-J

184,378,000.00

0.00

184,378,000.00

744,118.88

184,378,000.00

1000.000000000

0.000000000

1000.000000000

4.079166554

Fixed

0.00

0.000000000

4.8950000000%

0.000000000

52108H4X9

22,125,000.00

0.00

22,125,000.00

90,251.56

22,125,000.00

1000.000000000

0.000000000

1000.000000000

4.103333503

Fixed

0.00

0.000000000

4.9240000000%

0.000000000

52108H4Y7

19,667,000.00

0.00

19,667,000.00

80,700.26

19,667,000.00

1000.000000000

0.000000000

1000.000000000

4.128333249

Fixed

0.00

0.000000000

4.9540000000%

0.000000000

52108H4Z4

19,667,000.00

0.00

19,667,000.00

81,191.93

19,667,000.00

1000.000000000

0.000000000

1000.000000000

4.152500000

Fixed

0.00

0.000000000

4.9830000000%

0.000000000

52108H5A8

12,292,000.00

0.00

12,292,000.00

51,042.53

12,292,000.00

1000.000000000

0.000000000

1000.000000000

4.177499873

Fixed

0.00

0.000000000

5.0130000000%

0.000000000

52108H5B6

19,667,000.00

0.00

19,667,000.00

82,158.89

19,667,000.00

1000.000000000

0.000000000

1000.000000000

4.259166780

5.1110000000%

0.00

0.000000000

5.1110000000%

0.000000000

52108H5D2/U51394LL3/52108H5Y6

14,750,000.00

0.00

14,750,000.00

62,822.71

14,750,000.00

1000.000000000

0.000000000

1000.000000000

4.583333333

5.5000000000%

0.00

0.000000000

5.5000000000%

0.000000000

52108H5E0/U51394LM1/52108H5Z3

22,125,000.00

0.00

22,125,000.00

101,406.25

22,125,000.00

Page 2 of 39

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:

5.672201%

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

LB-UBS Commercial Mortgage Trust 2005-C3

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

108

REMIC III

Statement Date:

ABN AMRO Acct: 722761.1

1000.000000000

0.000000000

1000.000000000

4.583333503

5.5000000000%

0.00

0.000000000

5.5000000000%

0.000000000

52108H5F7/U51394LN9/52108H6A7

19,667,000.00

0.00

19,667,000.00

90,140.42

19,667,000.00

1000.000000000

0.000000000

1000.000000000

4.583333503

5.5000000000%

0.00

0.000000000

5.5000000000%

0.000000000

52108H5G5/U51394LP4/52108H6B5

19,667,000.00

0.00

19,667,000.00

90,140.42

19,667,000.00

1000.000000000

0.000000000

1000.000000000

3.802500339

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5H3/U51394LQ2/52108H6C3

7,375,000.00

0.00

7,375,000.00

28,043.44

7,375,000.00

1000.000000000

0.000000000

1000.000000000

3.802501017

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5J9/U51394LR0/52108H6D1

2,459,000.00

0.00

2,459,000.00

9,350.35

2,459,000.00

1000.000000000

0.000000000

1000.000000000

3.802502034

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5K6/U51394LS8/52108H6E9

2,458,000.00

0.00

2,458,000.00

9,346.55

2,458,000.00

1000.000000000

0.000000000

1000.000000000

3.802499492

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5L4/U51394LT6/52108H6F6

4,917,000.00

0.00

4,917,000.00

18,696.89

4,917,000.00

1000.000000000

0.000000000

1000.000000000

3.802502034

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5M2/U51394LU3/52108H6G4

2,458,000.00

0.00

2,458,000.00

9,346.55

2,458,000.00

1000.000000000

0.000000000

1000.000000000

3.802499492

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5N0/U51394LV1/52108H6H2

4,917,000.00

0.00

4,917,000.00

18,696.89

4,917,000.00

1000.000000000

0.000000000

1000.000000000

3.802499749

Fixed

0.00

0.000000000

4.5630000000%

0.000000000

52108H5P5/U51394LW9/52108H6J8

14,750,523.00

0.00

14,750,523.00

56,088.86

14,750,523.00

1000.000000000

0.000000000

999.452063099

0.110544137

0.00

0.000000000

0.1326529645%

0.000000000

52108H5W0/U513494MD0/52108H6R0

X-CL

1,966,695,523.00

0.00

1,965,617,897.95

217,406.66

1,966,695,523.00

1000.000000000

0.000000000

1000.000000000

0.643451020

0.00

0.000000000

0.7721412218%

0.000000000

52108H5C4

X-CP

1,841,754,000.00

0.00

1,841,754,000.00

1,185,078.49

1,841,754,000.00

1000.000000000

0.000000000

1000.000000000

4.547416710

Fixed

0.00

0.000000000

5.4569000000%

0.000000000

52108H5Q3/U51394LX7/52108H6K5

ML-1

7,536,204.00

0.00

7,536,204.00

34,270.26

7,536,204.00

1000.000000000

0.000000000

1000.000000000

4.828166590

Fixed

0.00

0.000000000

5.7938000000%

0.000000000

52108H5R1/U51394LY5/52108H6L3

ML-2

43,700,000.00

0.00

43,700,000.00

210,990.88

43,700,000.00

1000.000000000

0.000000000

1000.000000000

4.120000000

Fixed

0.00

0.000000000

4.9440000000%

0.000000000

52108H5S9/U51394LZ2/52108H6M1

CBM-1

5,400,000.00

0.00

5,400,000.00

22,248.00

5,400,000.00

1000.000000000

0.000000000

1000.000000000

4.473000000

Fixed

0.00

0.000000000

5.3676000000%

0.000000000

52108H5T7/U51394MA6/52108H6N9

CBM-2

16,500,000.00

0.00

16,500,000.00

73,804.50

16,500,000.00

Page 3 of 39

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:

5.672201%

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

LB-UBS Commercial Mortgage Trust 2005-C3

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

Face Value (1)

Balance

Payment

Adj. or Loss

Amortization

Balance

Payment (2)

Adjustment

Rate

108

REMIC III

Statement Date:

ABN AMRO Acct: 722761.1

1000.000000000

0.000000000

1000.000000000

4.794250000

Fixed

0.00

0.000000000

5.7531000000%

0.000000000

52108H5U4/U51394MB4/52108H6P4

CBM-3

20,800,000.00

0.00

20,800,000.00

99,720.40

20,800,000.00

1000.000000000

0.000000000

1000.000000000

0.209404684

0.00

0.000000000

0.2512854801%

0.000000000

52108H5V2/U51394MC2/52108H6Q2

X-CBM

42,700,000.00

0.00

42,700,000.00

8,941.58

42,700,000.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSW370

R-I

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSW371

R-II

0.00

0.000000000

0.00

0.000000000

N/A

0.000000000

9ABSW372

R-III

0.00

Total P&I Payment

0.00

2,060,631,727.00

10,766,304.14

Total

2,059,554,101.95

1,077,625.05

0.00

9,688,679.09

Page 4 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Statement Date:

Cash Reconciliation Summary

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

9,740,263.87

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

9,740,263.87

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

0.00
0.00

0.00

9,690,207.38

)

(1,528.30

0.00
0.00
0.00

)

(1,528.30

1,077,625.05

0.00

1,077,625.05

0.00
0.00
0.00
0.00
0.00
0.00

1,077,625.05

10,767,832.43

10,766,304.12

2,060,631,727.60

111

1,077,625.05

0.00

0.00
0.00

0.00

2,059,554,102.55

111

0.00

50,056.50

0.00
0.00
0.00

50,056.50

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(50,056.50

9,688,679.07

Interest Not Advanced (

Current Period

)

0.00

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

0.00

0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

Page 5 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Statement Date:

Cash Reconciliation Summary Pooled Trust Mortgage Loans

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

9,288,652.98

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

9,288,652.98

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

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

0.00
0.00

0.00

9,240,162.09

)

(1,458.63

0.00
0.00
0.00

)

(1,458.63

1,077,625.05

0.00

1,077,625.05

0.00
0.00
0.00
0.00
0.00
0.00

1,077,625.05

10,317,787.14

10,316,328.51

1,966,695,523.60

109

1,077,625.05

0.00

0.00
0.00

0.00

1,965,617,898.55

109

0.00

48,490.89

0.00
0.00
0.00

48,490.89

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(48,490.89

9,238,703.46

Interest Not Advanced (

Current Period

)

0.00

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

0.00

0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

Page 6 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Statement Date:

Cash Reconciliation Summary 200 Park Avenue Non-Pooled Loan Component

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

246,153.08

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

246,153.08

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 & 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

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

0.00
0.00

0.00

245,299.14

)

(38.00

0.00
0.00
0.00

)

(38.00

0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

245,299.14

245,261.14

51,236,204.00

0.00
0.00

0.00

51,236,204.00

0.00

853.94

0.00
0.00
0.00

853.94

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(853.94

245,261.14

Interest Not Advanced (

Current Period

)

0.00

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

0.00

0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

Page 7 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Statement Date:

Cash Reconciliation Summary Courtyard by Marriott Non-Pooled Loan Component

Current Scheduled Interest

Interest Summary

Less Deferred Interest

Plus Gross Advance Interest

Less PPIS Reducing Scheduled Int

205,457.81

0.00
0.00

Less ASER Interest Adv Reduction

0.00

Less Other Adjustment

0.00

Total

205,457.81

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

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

0.00
0.00

0.00

204,746.14

)

(31.67

0.00
0.00
0.00

)

(31.67

0.00
0.00
0.00

0.00
0.00
0.00
0.00
0.00
0.00
0.00

204,746.14

204,714.48

42,700,000.00

0.00
0.00

0.00

42,700,000.00

0.00

711.67

0.00
0.00
0.00

711.67

0.00
0.00
0.00
0.00
0.00
0.00

0.00

)

(711.67

204,714.48

Interest Not Advanced (

Current Period

)

0.00

Workout Fees
Liquidation Fees

0.00
0.00

Less Non Recovered

0.00

0.00
0.00

0.00

Advance Summary (Advance Made by Servicer)

Page 8 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

Class

Accrued

Payment Date:

Prior Payment:
Next Payment:
Record Date:

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1
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)

3.00
1.00

0.00

A-1

303,918.33

0.00

30.00%

30.02%

30/360

4.394000000%

0.00

A-2

580,507.50

0.00

30.00%

30.02%

30/360

4.553000000%

0.00

A-3

1,041,702.50

0.00

30.00%

30.02%

30/360

4.647000000%

0.00

A-4

458,333.33

0.00

30.00%

30.02%

30/360

5.500000000%

0.00

A-AB

310,933.33

0.00

30.00%

30.02%

30/360

4.664000000%

0.00

A-5

2,731,583.30

0.00

30.00%

30.02%

30/360

4.739000000%

0.00

A-M

785,696.65

0.00

20.00%

20.01%

30/360

4.794000000%

0.00

A-J

744,118.88

0.00

10.63%

30/360

4.843000000%

0.00

90,251.56

0.00

9.50%

9.51%

30/360

4.895000000%

0.00

80,700.26

0.00

8.50%

30/360

4.924000000%

0.00

81,191.93

0.00

7.50%

30/360

4.954000000%

0.00

51,042.53

0.00

6.88%

30/360

4.983000000%

0.00

82,158.89

0.00

5.88%

30/360

5.013000000%

0.00

62,822.71

0.00

5.13%

30/360

5.111000000%

0.00

101,406.25

0.00

4.00%

30/360

5.500000000%

0.00

90,140.42

0.00

3.00%

30/360

5.500000000%

0.00

90,140.42

0.00

2.00%

30/360

5.500000000%

0.00

28,043.44

0.00

1.63%

30/360

4.563000000%

0.00

9,350.35

0.00

1.50%

30/360

4.563000000%

0.00

9,346.55

0.00

1.38%

30/360

4.563000000%

0.00

18,696.89

0.00

1.13%

30/360

4.563000000%

0.00

9,346.55

0.00

1.00%

30/360

4.563000000%

0.00

18,696.89

0.00

0.75%

30/360

4.563000000%

0.00

56,088.86

0.00

0.00%

30/360

4.563000000%

0.00

X-CL

217,406.66

0.00

30/360

0.132652964%

0.00

X-CP

1,185,078.49

0.00

30/360

0.772141222%

0.00

ML-1

34,270.26

0.00

85.29%

Act/360

5.456900000%

0.00

ML-2

210,990.88

0.00

0.00%

Act/360

5.793800000%

0.00

CBM-1

22,248.00

0.00

87.35%

Act/360

4.944000000%

0.00

CBM-2

73,804.50

0.00

48.71%

Act/360

5.367600000%

0.00

CBM-3

99,720.40

0.00

0.00%

Act/360

5.753100000%

0.00

X-CBM

8,941.58

0.00

Act/360

0.251285480%

0.00

(2) Accrued - Deductions + Additions Interest

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

Page 9 of 39

(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).

LB-UBS Commercial Mortgage Trust 2005-C3

Class

Accrued

Payment Date:

Prior Payment:
Next Payment:
Record Date:

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1
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)

3.00

32.00

0.00

9,688,679.09

0.00

(2) Accrued - Deductions + Additions Interest

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

Page 10 of 39

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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Interest Adjustments Summary

Statement Date

0.00

Special Servicing Fees

Workout Fees

Liquidation Fees

Legal Fees

0.00

Misc. Fees & Expenses Paid by/to Servicer

Interest Paid to Servicer on Outstanding Advances

0.00

ASER Interest Advance Reduction

Interest Not Advanced (Current Period)

Recoup of Prior Advances by Servicer

0.00

Servicing Fees Paid Servicer on Loans Not Advanced

Misc. Fees & Expenses Paid by Trust

0.00

Shortfall Due to Rate Modification

Total Shortfall Allocated to the Bonds

Total Interest Adjustment to the Bonds

0.00

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

0.00

0.00

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

Interest Income

0.00

Page 11 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-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: 722761.1

0.00%

7/15/2005

0.00

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

Page 12 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-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:

Pooled Trust Mortgage Loans

ABN AMRO Acct: 722761.1

0.00%

7/15/2005

0.00

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

Page 13 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-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:

200 Park Avenue Non-Pooled Loan Component

ABN AMRO Acct: 722761.1

0.00%

7/15/2005

0.00

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

Page 14 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-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:

Courtyard by Marriott Non-Pooled Loan Component

ABN AMRO Acct: 722761.1

0.00%

7/15/2005

0.00

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

Page 15 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

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: 722761.1

Series 2005-C3

15-Jul-05

111

101.83%

2,059,554,103

99.95%

0.00%

108

250

5.67%

5.64%

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

Page 16 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

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:

Pooled Trust Mortgage Loans

Amort

ABN AMRO Acct: 722761.1

Series 2005-C3

15-Jul-05

109

100.00%

1,965,617,899

95.39%

0.00%

107

256

5.67%

5.64%

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

Page 17 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

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:

200 Park Avenue Non-Pooled Loan Component

Amort

ABN AMRO Acct: 722761.1

Series 2005-C3

15-Jul-05

0.92%

51,236,204

2.49%

0.00%

118

5.77%

5.74%

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

Page 18 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

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:

Courtyard by Marriott Non-Pooled Loan Component

Amort

ABN AMRO Acct: 722761.1

Series 2005-C3

15-Jul-05

0.92%

42,700,000

2.07%

0.00%

117

293

5.77%

5.75%

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

Page 19 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

Mortgage Loan Characteristics

ABN AMRO Acct: 722761.1

Series 2005-C3

Commercial Mortgage Pass-Through Certificates

30-Jun-05

17-Aug-05

N/A

15-Jul-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Pooled Trust Mortgage Loans

Distribution of Mortgage Interest Rates

Distribution of Principal Balances

Distribution of Remaining Term (Balloon)

Distribution of Remaining Term (Fully Amortizing)

Page 20 of 39

Current Scheduled

Balance

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

5,702,627

0.29

116

5.74

0.00

1 to

2,000,000

77,290,837

3.93

125

5.66

0.00

2,000,000 to

4,000,000

133,471,232

6.79

111

5.55

0.00

4,000,000 to

6,000,000

74,040,927

3.77

114

5.89

0.00

6,000,000 to

8,000,000

82,399,610

4.19

124

5.57

0.00

8,000,000 to 10,000,000

101,165,527

5.15

112

5.57

0.00

10,000,000 to 15,000,000

110,826,734

5.64

108

5.48

0.00

15,000,000 to 20,000,000

21,000,000

1.07

118

5.64

0.00

20,000,000 to 25,000,000

393,364,751

20.01

104

5.54

0.00

25,000,000 to 50,000,000

50,500,000

2.57

119

5.84

0.00

50,000,000 to 75,000,000

89,809,873

4.57

5.34

0.00

75,000,000 to 100,000,000

121,500,000

6.18

117

5.69

0.00

100,000,000 to 125,000,000

704,545,781

35.84

103

5.82

0.00

125,000,000 &

Above

278,500,000

1,140,966

1,965,617,899

109

100.00

Average Schedule Balance
Maximum Schedule Balance
Minimum Schedule Balance

18,033,192

Current Mortgage

Interest Rate

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

208,394,686

10.60

5.18

0.00

5.001%

5.250%

618,862,084

31.48

109

5.42

0.00

5.251%

5.500%

659,170,993

33.54

112

5.65

0.00

5.501%

5.750%

135,261,391

6.88

145

5.89

0.00

5.751%

6.000%

97,548,454

4.96

127

6.17

0.00

6.001%

6.250%

239,417,110

12.18

6.40

0.00

6.251%

6.500%

6,963,181

0.35

117

7.48

0.00

7.251%

Above

109

1,965,617,899

Minimum Mortgage Interest Rate
Maximum Mortgage Interest Rate

100.00

5.098%
7.475%

Fully Amortizing

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

96,300,000

4.90

5.20

0.00

46,500,000

2.37

5.63

0.00

358,740,000

18.25

118

5.49

0.00

Above

119

501,540,000

Minimum Remaining Term
Maximum Remaining Term

25.52

Balloon

Mortgage Loans

# of

Loans

Scheduled

Balance

% of

Balance

Weighted Average

Term Coupon PFY DSCR

55,738,934

2.84

5.61

0.00

218,457,880

11.11

6.40

0.00

125,059,873

6.36

5.32

0.00

1,064,821,212

54.17

121

5.66

0.00

& Above

178

1,464,077,899

Minimum Remaining Term
Maximum Remaining Term

74.48

LB-UBS Commercial Mortgage Trust 2005-C3

Mortgage Loan Characteristics

ABN AMRO Acct: 722761.1

Series 2005-C3

Commercial Mortgage Pass-Through Certificates

30-Jun-05

17-Aug-05

N/A

15-Jul-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Pooled Trust Mortgage Loans

Geographic Distribution

Distribution of DSCR (PFY)

Distribution of DSCR (Cutoff)

Page 21 of 39

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

1.200 1.290

0.00

1.300 1.390

0.00

1.400 1.490

0.00

1.500 1.590

0.00

1.600 1.690

0.00

1.700 1.790

0.00

1.800 1.890

0.00

1.900 1.990

0.00

2.000 & Above

109

1,965,617,899

100.00

107

5.67

0.00

Unknown

0.000
0.000

109

1,965,617,899

100.00

Minimum DSCR

Maximum DSCR

Debt Service

Coverage Ratio

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

1.200 1.290

0.00

1.300 1.390

0.00

1.400 1.490

0.00

1.500 1.590

0.00

1.600 1.690

0.00

1.700 1.790

0.00

1.800 1.890

0.00

1.900 1.990

0.00

2.000 & Above

109

1,965,617,899 100.00

107

5.67

0.00

Unknown

0.000

109

1,965,617,899 100.00

Minimum DSCR

Maximum DSCR

Geographic

Location

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

New York

417,205,296

21.23

109

5.45

0.00

CMBS Certificate

379,257,880

19.29

6.04

0.00

Illinois

218,069,548

11.09

113

5.67

0.00

Texas

154,256,925

7.85

114

5.72

0.00

California

135,997,035

6.92

101

5.43

0.00

Connecticut

99,611,005

5.07

118

5.62

0.00

Georgia

83,814,508

4.26

121

5.74

0.00

Florida

75,210,859

3.83

5.61

0.00

Arizona

62,055,774

3.16

115

5.80

0.00

Pennsylvania

51,108,177

2.60

133

5.52

0.00

Massachusetts

44,750,000

2.28

5.24

0.00

North Carolina

36,256,847

1.84

134

5.71

0.00

Ohio

34,337,890

1.75

117

5.65

0.00

Indiana

31,016,899

1.58

118

5.55

0.00

Nevada

30,000,000

1.53

118

5.54

0.00

Maryland

28,642,476

1.46

118

5.59

0.00

New Jersey

17,015,700

0.87

125

5.30

0.00

Louisiana

15,700,000

0.80

120

6.16

0.00

Colorado

14,838,415

0.75

117

5.43

0.00

Alabama

9,352,707

0.48

119

5.46

0.00

South Carolina

9,228,993

0.47

118

5.83

0.00

Missouri

6,720,000

0.34

112

6.03

0.00

Tennessee

4,985,031

0.25

118

5.45

0.00

Virginia

3,900,000

0.20

177

6.08

0.00

West Virginia

2,285,932

0.12

116

5.35

0.00

100.00

1,965,617,899

109

LB-UBS Commercial Mortgage Trust 2005-C3

Mortgage Loan Characteristics

ABN AMRO Acct: 722761.1

Series 2005-C3

Commercial Mortgage Pass-Through Certificates

30-Jun-05

17-Aug-05

N/A

15-Jul-05

Record Date:

Next Payment:

Prior Payment:

Payment Date:

Statement Date:

Pooled Trust Mortgage Loans

Distribution of Loan Seasoning

Distribution of Property Types

Distribution of Year Loans Maturing

Distribution of Amortization Type

Page 22 of 39

Property Types

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Office

909,597,835

46.28

5.71

0.00

Retail

648,444,397

32.99

119

5.61

0.00

Lodging

188,858,871

9.61

109

5.78

0.00

Multifamily

134,610,654

6.85

105

5.41

0.00

Warehouse

68,396,047

3.48

118

5.81

0.00

Self storage

10,973,023

0.56

118

5.61

0.00

Mobile home park

4,737,071

0.24

6.19

0.00

1,965,617,899

109

100.00

Amortization Type

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

Amortizing Balloon

952,541,755

48.46

100

5.78

0.00

IO Maturity Balloon

1,013,076,144

51.54

114

5.56

0.00

1,965,617,899

109

100.00

Number of Months

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

109

1,965,617,899

100.00

107

0.00

5.67

0.00

108

0.00

109

120

0.00

121

109

1,965,617,899

100.00

Year

# of

Loans

Scheduled

Balance

% of

Balance

WAMM WAC PFY DSCR

0.00

2005

0.00

2006

0.00

2007

0.00

2008

0.00

2009

152,038,934

7.73

5.35

0.00

2010

308,267,753

15.68

6.09

0.00

2011

81,750,000

4.16

5.47

0.00

2012

0.00

2013

31,810,983

1.62

112

5.67

0.00

2014

1,310,476,586

66.67

117

5.60

0.00

2015

81,273,644

4.13

178

5.98

0.00

2016 & Greater

100.00

1,965,617,899

109

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

Total

Page 23 of 39

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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

5.49%

11-May-15

LUBS5C3A

Office

0.00

278,500,000

1,274,059

6.40%

11-Oct-11

LUBS5C3A

Office

0.00

218,457,880

1,413,720

5.64%

11-Jan-15

LUBS5C3A

Retail

0.00

207,587,901

1,199,830

5.69%

11-Apr-15

LUBS5C3A

Lodging

0.00

121,500,000

576,151

5.34%

11-Dec-11

LUBS5C3A

Office

0.00

89,809,873

501,928

5.84%

11-Jun-15

LUBS5C3A

Retail

0.00

50,500,000

245,767

5.63%

11-May-12

LUBS5C3A

Office

0.00

46,500,000

218,163

5.21%

11-Jun-10

LUBS5C3A

Office

0.00

40,000,000

173,667

5.10%

5-Apr-10

LUBS5C3A

Retail

0.00

39,300,000

166,960

6.22%

11-Mar-15

LUBS5C3A

Office

0.00

34,000,000

176,092

5.59%

11-May-15

LUBS5C3A

Office

0.00

32,434,957

186,371

5.95%

11-May-20

LUBS5C3A

Retail

0.00

32,325,000

160,219

5.26%

11-May-15

LUBS5C3A

Retail

0.00

31,931,262

176,903

5.72%

11-May-15

LUBS5C3A

Office

0.00

29,240,000

139,377

5.46%

11-Jun-15

LUBS5C3A

Office

0.00

27,962,004

165,396

5.29%

11-May-12

LUBS5C3A

Office

0.00

27,750,000

122,331

5.48%

11-Jun-15

LUBS5C3A

Retail

0.00

26,000,000

118,777

5.70%

11-Apr-15

LUBS5C3A

Warehouse

0.00

25,921,528

150,904

5.64%

11-May-15

LUBS5C3A

Multifamily

0.00

21,000,000

98,700

5.67%

11-May-15

LUBS5C3A

Retail

0.00

20,000,000

94,500

5.34%

11-May-15

LUBS5C3A

Office

0.00

19,500,000

86,775

5.69%

11-Jun-10

LUBS5C3A

Lodging

0.00

18,931,310

118,592

5.35%

11-Apr-15

LUBS5C3A

Lodging

0.00

18,095,424

110,018

Page 24 of 39

* 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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

5.63%

11-Apr-15

LUBS5C3A

Retail

0.00

17,300,000

81,166

5.16%

11-May-15

LUBS5C3A

Retail

0.00

17,000,000

73,100

5.19%

11-May-15

LUBS5C3A

Office

0.00

15,000,000

64,875

5.94%

11-May-20

LUBS5C3A

Retail

0.00

14,135,000

69,968

6.25%

11-Jul-15

LUBS5C3A

Lodging

0.00

13,100,000

68,229

5.70%

11-Oct-14

LUBS5C3A

Retail

0.00

12,786,418

74,925

5.61%

11-May-15

LUBS5C3A

Multifamily

0.00

12,704,634

73,161

5.21%

11-May-10

LUBS5C3A

Multifamily

0.00

11,973,949

65,967

5.25%

11-May-10

LUBS5C3A

Multifamily

0.00

11,000,000

48,125

5.29%

11-Apr-15

LUBS5C3A

Retail

0.00

10,465,527

58,242

5.29%

11-May-15

LUBS5C3A

Retail

0.00

10,000,000

44,083

5.25%

11-Jun-15

LUBS5C3A

Office

0.00

9,988,530

55,220

6.18%

11-May-15

LUBS5C3A

Retail

0.00

9,474,904

62,258

5.95%

11-May-20

LUBS5C3A

Retail

0.00

9,320,000

46,212

5.71%

11-Apr-15

LUBS5C3A

Office

0.00

9,300,000

44,253

5.71%

11-May-15

LUBS5C3A

Retail

0.00

9,000,000

42,825

5.58%

11-Jun-15

LUBS5C3A

Multifamily

0.00

8,740,566

50,122

5.24%

11-Dec-14

LUBS5C3A

Retail

0.00

8,385,610

46,644

5.17%

11-May-15

LUBS5C3A

Multifamily

0.00

8,190,000

35,285

5.15%

11-Apr-12

LUBS5C3A

Office

0.00

7,500,000

32,188

5.51%

11-May-15

LUBS5C3A

Retail

0.00

7,265,176

41,381

5.50%

11-May-15

LUBS5C3A

Office

0.00

7,125,430

40,540

7.48%

11-Apr-15

LUBS5C3A

Lodging

0.00

6,963,181

56,285

Page 25 of 39

(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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

6.23%

11-Apr-20

LUBS5C3A

Retail

0.00

6,815,000

35,386

6.03%

11-Nov-14

LUBS5C3A

Multifamily

0.00

6,720,000

33,768

5.26%

11-May-15

LUBS5C3A

Retail

0.00

6,707,561

37,161

5.51%

11-May-15

LUBS5C3A

Retail

0.00

6,275,196

35,742

5.52%

11-May-15

LUBS5C3A

Office

0.00

6,250,000

28,750

6.30%

11-Apr-10

LUBS5C3A

Lodging

0.00

6,225,131

41,423

6.37%

11-Jun-15

LUBS5C3A

Warehouse

0.00

6,194,252

38,660

5.68%

11-Apr-10

LUBS5C3A

Retail

0.00

6,000,000

28,400

5.33%

11-May-10

LUBS5C3A

Multifamily

0.00

5,987,302

33,430

6.28%

11-Jun-15

LUBS5C3A

Warehouse

0.00

5,744,576

35,516

6.01%

11-Apr-20

LUBS5C3A

Retail

0.00

5,673,944

28,417

5.18%

11-Apr-15

LUBS5C3A

Multifamily

0.00

5,362,500

23,148

5.38%

11-Jan-15

LUBS5C3A

Multifamily

0.00

5,300,000

23,762

5.17%

11-May-15

LUBS5C3A

Multifamily

0.00

5,232,500

22,543

5.67%

11-May-15

LUBS5C3A

Office

0.00

5,189,773

30,082

5.97%

11-Apr-15

LUBS5C3A

Warehouse

0.00

5,185,169

31,076

5.67%

11-Apr-15

LUBS5C3A

Retail

0.00

5,100,000

24,098

5.44%

11-Apr-15

LUBS5C3A

Retail

0.00

5,100,000

23,120

5.41%

11-May-15

LUBS5C3A

Office

0.00

5,089,389

28,670

5.37%

11-May-15

LUBS5C3A

Warehouse

0.00

4,989,508

27,983

5.45%

11-May-15

LUBS5C3A

Warehouse

0.00

4,985,031

30,555

5.84%

11-May-15

LUBS5C3A

Warehouse

0.00

4,910,678

28,994

5.15%

11-May-15

LUBS5C3A

Multifamily

0.00

4,900,000

21,029

Page 26 of 39

(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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

5.45%

11-Jun-15

LUBS5C3A

Retail

0.00

4,874,608

27,555

5.18%

11-May-15

LUBS5C3A

Multifamily

0.00

4,810,000

20,763

5.79%

11-Apr-15

LUBS5C3A

Multifamily

0.00

4,800,000

23,160

6.19%

11-Apr-10

LUBS5C3A

Mobile home park

0.00

4,737,071

29,061

5.28%

11-Jun-15

LUBS5C3A

Retail

0.00

4,640,696

25,727

5.47%

11-May-10

LUBS5C3A

Retail

0.00

4,296,158

24,362

5.35%

11-Mar-15

LUBS5C3A

Retail

0.00

4,232,006

23,733

5.18%

11-May-15

LUBS5C3A

Multifamily

0.00

4,192,500

18,098

5.57%

11-May-15

LUBS5C3A

Warehouse

0.00

4,087,971

25,349

5.64%

11-Jun-15

LUBS5C3A

Lodging

0.00

4,043,825

25,210

5.63%

11-May-15

LUBS5C3A

Retail

0.00

4,006,028

23,107

5.45%

11-Jun-15

LUBS5C3A

Retail

0.00

3,915,669

22,135

6.08%

11-Apr-20

LUBS5C3A

Retail

0.00

3,900,000

19,752

5.65%

11-May-15

LUBS5C3A

Retail

0.00

3,789,001

23,677

5.29%

11-Jan-15

LUBS5C3A

Multifamily

0.00

3,755,000

16,553

5.12%

11-May-15

LUBS5C3A

Multifamily

0.00

3,741,703

20,407

5.88%

11-Apr-20

LUBS5C3A

Retail

0.00

3,695,000

18,106

5.18%

11-May-15

LUBS5C3A

Multifamily

0.00

3,600,000

15,540

5.22%

11-Apr-10

LUBS5C3A

Retail

0.00

3,588,012

19,812

6.16%

11-May-15

LUBS5C3A

Retail

0.00

3,543,738

21,651

5.25%

11-Apr-15

LUBS5C3A

Retail

0.00

3,488,415

19,327

6.01%

11-Apr-20

LUBS5C3A

Retail

0.00

3,394,000

16,998

5.93%

11-Apr-15

LUBS5C3A

Warehouse

0.00

3,390,220

20,232

Page 27 of 39

(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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

5.33%

11-Jun-15

LUBS5C3A

Self storage

0.00

3,316,248

18,498

5.84%

11-Apr-15

LUBS5C3A

Warehouse

0.00

2,987,113

19,037

5.64%

11-Mar-15

LUBS5C3A

Retail

0.00

2,948,224

17,067

6.35%

11-May-15

LUBS5C3A

Retail

0.00

2,795,271

17,423

6.08%

11-Oct-14

LUBS5C3A

Retail

0.00

2,777,989

16,948

5.70%

11-Jun-15

LUBS5C3A

Retail

0.00

2,600,000

12,350

5.66%

11-Jul-15

LUBS5C3A

Multifamily

0.00

2,600,000

12,263

5.87%

11-Apr-15

LUBS5C3A

Self storage

0.00

2,492,718

14,780

100

5.63%

11-Jun-15

LUBS5C3A

Retail

0.00

2,397,434

13,816

101

5.35%

11-Mar-15

LUBS5C3A

Retail

0.00

2,285,932

13,919

102

5.33%

11-Jun-15

LUBS5C3A

Self storage

0.00

2,247,457

12,536

103

5.65%

11-May-15

LUBS5C3A

Retail

0.00

2,025,990

11,718

104

6.11%

11-Apr-20

LUBS5C3A

Retail

0.00

2,015,700

10,258

105

5.74%

11-Apr-15

LUBS5C3A

Retail

0.00

1,645,061

9,618

106

5.80%

11-Apr-15

LUBS5C3A

Self storage

0.00

1,520,492

8,948

107

6.09%

11-Apr-15

LUBS5C3A

Self storage

0.00

1,396,107

8,475

108

5.24%

11-Dec-14

LUBS5C3A

Retail

0.00

1,140,966

6,343

109

5.77%

11-May-15

LUBS5C3B

Office

0.00

51,236,204

246,153

110

5.77%

11-Apr-15

LUBS5C3C

Lodging

0.00

42,700,000

205,458

111

2,059,554,103

10,817,889

Page 28 of 39

(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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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:

Current Total

Cumulative

Page 29 of 39

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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

Historical Collateral Level REO Report

Property

Type

Statement Date:

State

Actual

Balance

Scheduled

Balance

Recent

Appraisal

Value

Appraisal

Reduction

Amount

Date

Liquidated

Liquidation

Proceeds

Liquidation

Expenses

Realized

Loss

Disclosure

Control #

REO

Date

City

Appraisal

Date

ABN AMRO Acct: 722761.1

Page 30 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

ASER Detail

Period

Disclosure

Control #

Appraisal

Date

Appraisal

Value

Beginning
Scheduled

Balance

ASER

Prin

Balance

ASER Prin

ADV Reduction

Amount

Current Appraisal

Reduction Date

Current Appraisal

Reduction

Amount

Cumulative

ASER

Amount

Statement Date:

ASER Int

ADV Reduction

Amount

Page 31 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Modified Loan Detail

Disclosure

Control #

Modification

Date

Cutoff

Maturity

Date

Modification

Description

Modified

Maturity

Date

Statement Date:

Page 32 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Historical Collateral Level Prepayment Report

Disclosure

Control #

Payoff
Period

Initial

Balance

Type

Payoff

Amount

Penalty

Amount

Prepayment

Date

Maturity

Date

Property

Type

Geographic

Location

Statement Date:

Cumulative

Current

Page 33 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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

Statement Date:

Loan

Status

Code(1)

Not Avail

Not Avail Not Avail

Page 34 of 39

(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

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

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

Disclosure

Control #

Resolution

Strategy

Comments

Statement Date:

Page 35 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Maturity Extension Summary

Statement Date:

Loans which have had their Maturity Dates extended

Stated Principal Balance outstanding:
Weighted Average Extension Period:

Loans in the process of having their Maturity Dates extended

Stated Principal Balance outstanding:
Weighted Average Extension Period:

Loans in the process of having their Maturity Dates further extended

Cutoff Principal Balance:
Weighted Average Extension Period:

Loans paid-off that did experience Maturity Date extensions

Cutoff Principal Balance:
Weighted Average Extension Period:

0.00

Number of Loans:

0.00

Number of Loans:

0.00

Loans paid-off that did not experience Maturity Date extensions

Number of Loans:
Cutoff Principal Balance:

0.00

Page 36 of 39

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

A-1

52108H4Q4

Aaa

AAA

A-2

52108H4R2

Aaa

AAA

A-3

52108H4S0

Aaa

AAA

A-4

52108H4T8

Aaa

AAA

A-AB

52108H4U5

Aaa

AAA

A-5

52108H5X8

Aaa

AAA

A-M

52108H4V3

Aaa

AAA

A-J

52108H4W1

Aaa

AAA

52108H4X9

Aa1

AA+

52108H4Y7

Aa2

52108H4Z4

Aa3

AA-

52108H5A8

A+

52108H5B6

52108H5D2

A-

52108H5E0

Baa1

BBB+

52108H5F7

Baa2

BBB

52108H5G5

Baa3

BBB-

52108H5H3

Ba1

BB+

52108H5J9

Ba2

52108H5K6

Ba3

BB-

52108H5L4

B+

52108H5M2

Page 37 of 39

NR - Designates that the class was not rated by the rating agency.

(1) Changed ratings provided on this report are based on information provided by the applicable rating agency via electronic transmission. It shall be understood that this transmission will generally have been provided to
LaSalle within 30 days of the payment date listed on this statement. Because ratings may have changed during the 30 day window, or may not be being provided by the rating agency in an electronic format and therefore not
being updated on this report, LaSalle recommends that investors obtain current rating information directly from the rating agency.

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Rating Information

Class

CUSIP

Fitch

Moody's

S&P

Fitch

Moody's

S&P

Original Ratings

Rating Change/Change Date(1)

Statement Date:

52108H5N0

B-

52108H5P5

ML-1

52108H5Q3

Baa2

ML-2

52108H5R1

Baa3

CBM-1

52108H5S9

Baa1

CBM-2

52108H5T7

Baa2

CBM-3

52108H5U4

Baa3

X-CBM

52108H5V2

Baa1

X-CL

52108H5W0

Aaa

AAA

X-CP

52108H5C4

Aaa

AAA

Page 38 of 39

NR - Designates that the class was not rated by the rating agency.

LB-UBS Commercial Mortgage Trust 2005-C3

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

15-Jul-05
15-Jul-05

N/A

17-Aug-05

30-Jun-05

Commercial Mortgage Pass-Through Certificates

Series 2005-C3

ABN AMRO Acct: 722761.1

Legend

Statement Date:

Until this statement/report is filed with the Commission with respect to the Trust pursuant to Section 15(d) of the Securities Exchange Act of 1934, as amended, the
recipient hereof shall be deemed to keep the information contained herein confidential and such information will not, without the prior consent of the Master Servicer
or the Trustee, be disclosed by such recipient or by its officers, directors, partners, employees, agents or representatives in any manner whatsoever, in whole or in
part.

Page 39 of 39

Filing Compare · LB-UBS Commercial Mortgage Trust 2005-C3