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: January 7, 1997
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
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(Exact Name of Registrant)
New York 333-05271 13-3728743
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(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
380 Madison Avenue, New York 10017-2951
Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 622-3510
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Item 5. Other Events.
On or about December 18, 1996, Chase Commercial Mortgage Securities
Corp. (the "Depositor") made the distribution to holders of its Mortgage
Pass-Through Certificates, Series 1996-1 contemplated by the Pooling and
Servicing Agreement dated as of July 1, 1996 (the "Pooling and Servicing
Agreement") among the Depositor, The Chase Manhattan Bank, as Servicer,
Lennar Partners Inc., as Special Servicer, LaSalle National Bank, as Trustee
and ABN Amro Bank N.V., as Fiscal Agent.
A copy of the Certificateholders Report with respect to such
distribution delivered pursuant to Section 4.02 of the Pooling and Servicing
Agreement is being filed as an Exhibit to this Current Report on Form 8-K.
Item 7(c). Exhibits
Exhibits Description
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20.1 Monthly Report with respect to the December 18,
1996 distribution
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SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: January 7, 1997
CHASE COMMERCIAL M0RTGAGE
SECURITIES CORP.
By: /s/ Denis Kelly
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Name: Denis Kelly
Title: Assistant Treasurer
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INDEX TO EXHIBITS
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Exhibit No. Description
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20.1 Monthly Report with respect to the
distribution to Certificateholders on
December 18, 1996
Exhibit 20.1
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Chase Commercial Mortgage Securities Corp. Page 1
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
CLAS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 188,405,643.29 405,700.59 1,193,235.74 0.00 0.00 1,598,936.33 187,999,942.70
A2 161505AB8 123,421,002.00 0.00 781,666.35 0.00 0.00 781,666.35 123,421,002.00
B 161505AE2 26,589,563.00 0.00 168,400.57 0.00 0.00 168,400.57 26,589,563.00
C 161505AF9 22,157,969.00 0.00 140,333.80 0.00 0.00 140,333.80 22,157,969.00
D 161505AG7 15,510,578.00 0.00 98,233.66 0.00 0.00 98,233.66 15,510,578.00
E 161505AH5 11,078,984.00 0.00 70,166.90 0.00 0.00 70,166.90 11,078,984.00
F 161505AJ1 24,373,766.00 0.00 154,367.18 0.00 0.00 154,367.18 24,373,766.00
G 161505AK8 17,726,375.00 0.00 112,267.04 0.00 0.00 112,267.04 17,726,375.00
H 161505AL6 11,078,984.00 0.00 70,176.04 0.00 0.00 70,176.04 11,078,984.00
P 161505AC6 1,216,247.95 1,499.14 0.00 0.00 0.00 1,499.14 1,214,748.81
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 441,559,114.77 0.00 301,993.32 0.00 0.00 301,993.32 441,151,915.04
TOTAL: 441,559,112.24 407,199.73 3,090,840.60 0.00 0.00 3,498,040.33 441,151,912.51
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Chase Commercial Mortgage Securities Corp. Page 2
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
CLAS CUSIP ACCR INT APPR RED AMT UNPAID INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505A 1,193,235.74 0.00 0.00 2.13526626 6.28018811 989.47338263 7.60000 7.60000
A2 161505A 781,666.35 0.00 0.00 0.00000000 6.33333337 1,000.00000000 7.60000 7.60000
P 161505A 0.00 0.00 0.00 1.22663756 0.00000000 993.94086997 0.00000 0.00000
B 161505A 168,400.57 0.00 0.00 0.00000000 6.33333350 1,000.00000000 7.60000 7.60000
C 161505A 140,333.80 0.00 0.00 0.00000000 6.33333317 1,000.00000000 7.60000 7.60000
D 161505A 98,233.66 0.00 0.00 0.00000000 6.33333329 1,000.00000000 7.60000 7.60000
E 161505A 70,166.90 0.00 0.00 0.00000000 6.33333345 1,000.00000000 7.60000 7.60000
F 161505A 154,367.18 0.00 0.00 0.00000000 6.33333314 1,000.00000000 7.60000 7.60000
G 161505A 112,267.04 0.00 0.00 0.00000000 6.33333324 1,000.00000000 7.60000 7.60000
H 161505A 70,166.90 0.00 382.89 0.00000000 6.33415844 1,000.00000000 7.60000 7.60000
R 0.00 0.00 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505A 301,993.32 0.00 0.00 0.00000000 0.68145533 995.47011168 0.82071 0.82070
TOTAL: 3,090,831.46 0.00 382.89
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Chase Commercial Mortgage Securities Corp. Page 3
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Monthly Certificate Holders Report
P & I Advances 25,209.95
Servicing Compensation 49,442.91
Beginning Balance(Mortgage Loans) 441,559,114.77
Ending Balance(Mortgage Loans) 441,151,915.04
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 87
Aggregate Mortgage Principal Balance 441,151,915.04
Weighted Average Remaining Term to Maturity 108.71
Weighted Average Mortgage Rate 8.53414%
# of Loans Delinquent(1 month) 1
Balance of Loans Delinquent(1 month) 3,076,344.62
# of Loans Delinquent(2 month) 0
Balance of Loans Delinquent(2 month) 0.00
# of Loans Delinquent(3 month) 0
Balance of Loans Delinquent(3 month) 0.00
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 3,498,040.33
Scheduled Principal Distribution Amount 407,199.73
Unscheduled Principal Distribution Amount 0.00
