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Previous: FIRST TRUST COMBINED SERIES 197, 485BPOS, 1998-12-31 |
Next: WATER POINT SYSTEMS INC, 15-12G, 1998-12-31 |
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: November 19, 1998
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
-------------------------------------------------------------------
(Exact Name of Registrant)
New York 333-05271 13-3728743
-------------- ------------- ------------------
(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
<PAGE>
Item 5. Other Events.
On or about 11/18/98 and 11/19/98, Chase Commercial Mortgage Securities
Corp. (the "Depositor") made the distributions to holders of its Mortgage
Pass-Through Certificates, Series 1996-1, Series 1996-2, Series 1997-1,
Series 1997-2 and Series 1998-1 contemplated by their respective Pooling
and Servicing Agreements.
Copies of the Certificateholders' Reports for each Series with respect to
such distributions delivered pursuant to Section 4.02 of the applicable Pooling
and Servicing Agreement are being filed as exhibits to this Current Report on
Form 8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Reports with respect to the
November 18, 1998 and November 19, 1998
distributions
<PAGE>
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: December 31, 1998
THE CHASE MANHATTAN BANK,
as Paying Agent, on behalf of
Chase Commercial Mortgage
Securities Corp.
By: /s/ Norma Catone
-------------------
Name: Norma Catone
Title: Vice President
<PAGE>
INDEX TO EXHIBITS
-----------------
Exhibit No. Description
----------- -----------
20.1 Monthly Reports with respect to the
distribution to Certificateholders on
November 18, 1998 and November 19, 1998
<PAGE>
<TABLE>
RUN DATE:12/23/98 11:07:01 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 18-NOV-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-OCT-1998
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 178,306,140.53 477,595.67 1,129,272.22 0.00 0.00 1,606,867.89 177,828,544.86
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 64,632.70 0.00 0.00 64,632.70 11,078,984.00
P 161505AC6 1,179,345.68 1,724.83 0.00 0.00 0.00 1,724.83 1,177,620.85
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 431,422,709.74 0.00 294,994.75 0.00 0.00 294,994.75 430,943,386.71
TOTAL: 431,422,707.21 479,320.50 3,014,335.18 0.00 0.00 3,493,655.68 430,943,386.71
</TABLE>
<PAGE>
<TABLE>
RUN DATE:12/23/98 11:07:01 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 18-NOV-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-OCT-1998
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 161505AA0 1,129,272.22 0.00 0.00 2.51366142 5.94353800 935.93970979 7.60000 7.60000
A2 161505AB8 781,666.35 0.00 0.00 0.00000000 6.33333337 1,000.00000000 7.60000 7.60000
P 161505AC6 0.00 0.00 0.00 1.41130332 0.00000000 963.56175245 0.00000 0.00000
B 161505AE2 168,400.57 0.00 0.00 0.00000000 6.33333350 1,000.00000000 7.60000 7.60000
C 161505AF9 140,333.80 0.00 0.00 0.00000000 6.33333317 1,000.00000000 7.60000 7.60000
D 161505AG7 98,233.66 0.00 0.00 0.00000000 6.33333329 1,000.00000000 7.60000 7.60000
E 161505AH5 70,166.90 0.00 0.00 0.00000000 6.33333345 1,000.00000000 7.60000 7.60000
F 161505AJ1 154,367.18 0.00 0.00 0.00000000 6.33333314 1,000.00000000 7.60000 7.60000
G 161505AK8 112,267.04 0.00 0.00 0.00000000 6.33333324 1,000.00000000 7.60000 7.60000
H 161505AL6 70,166.90 0.00 5,534.19 0.00000000 5.83340855 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 161505AD4 294,999.22 0.00 0.00 0.00000000 0.66567297 972.43432293 0.82053 0.82051
TOTAL: 3,019,873.84 0.00 5,534.19
</TABLE>
<PAGE>
<TABLE>
RUN DATE:12/23/98 11:07:02 Chase Commercial Mortgage Securities Corp.
DIST. DATE: 18-NOV-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-OCT-1998
Page 3 Series 1996-1
Monthly Certificate Holders Report
<S> <C>
P & I Advances 374,747.51
Servicing Compensation 56,673.00
Beginning Balance(Mortgage Loans) 428,418,974.47
Ending Balance(Mortgage Loans) 427,943,238.18
Beginning Balance(REO Loans) 3,003,735.27
Ending Balance(REO Loans) 3,000,151.06
Aggregate Number of Mortgage Loans 87
Aggregate Mortgage Principal Balance 430,943,389.24
Weighted Average Remaining Term to Maturity 85.70
Weighted Average Mortgage Rate 8.53407%
# of Loans Delinquent(1 month) 0
Balance of Loans Delinquent(1 month) 0.00
# 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 2,800,000.00
Available Distribution Amount 3,493,655.68
Scheduled Principal Distribution Amount 479,320.50
Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
<TABLE>
Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-NOV-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-OCT-1998
Series 1996-2
Monthly Certificate Holders Report
Collateral
Class CUSIP # Original Beginning Principal Interest Prepayment Support Total Ending
Certificate Certificate Distribution Distribution Penalties Deficit Distribution Certificate
Balance Balance (PP/YMC) (Alloc/Reimb) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AN2 53,977,671.00 44,961,549.94 167,314.50 251,035.32 0.00 0.00 418,349.82 44,794,235.44
A-2 161505AP7 128,080,472.00 128,080,472.00 0.00 736,462.71 0.00 0.00 736,462.71 128,080,472.00
B 161505AQ5 17,027,021.00 17,027,021.00 0.00 97,905.37 0.00 0.00 97,905.37 17,027,021.00
C 161505AR3 15,717,250.00 15,717,250.00 0.00 90,374.19 0.00 0.00 90,374.19 15,717,250.00
D 161505AS1 13,097,708.00 13,097,708.00 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
E 161505AT9 5,239,083.00 5,239,083.00 0.00 30,124.73 0.00 0.00 30,124.73 5,239,083.00
F 161505AV4 13,097,708.00 13,097,708.00 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
G 161505AW2 9,168,396.00 9,168,396.00 0.00 52,718.28 0.00 0.00 52,718.28 9,168,396.00
H 161505AX0 6,548,854.00 6,548,854.00 0.00 33,398.43 0.00 0.00 33,398.43 6,548,854.00
R N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
Total 261,954,163.00 252,938,041.94 167,314.50 1,442,642.67 0.00 0.00 1,609,957.17 252,770,727.44
Class CUSIP # Original Notional Beginning Notional Interest Prepayment Total Ending Notional
Amount Amount Distribution Penalties Distribution Amount
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505AU6 261,954,164.00 252,938,043.58 311,282.11 0.00 311,282.11 252,770,729.08
Factor Information Per $1,000
Class CUSIP # Principal Interest End Prin Pass Through
Distribution Distribution Balance Rate
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AN2 3.09969839 4.65072530 829.86602812 6.70000%
A-2 161505AP7 0.00000000 5.74999997 1,000.00000000 6.90000%
B 161505AQ5 0.00000000 5.74999996 1,000.00000000 6.90000%
C 161505AR3 0.00000000 5.75000016 1,000.00000000 6.90000%
D 161505AS1 0.00000000 5.74999992 1,000.00000000 6.90000%
E 161505AT9 0.00000000 5.75000052 1,000.00000000 6.90000%
F 161505AV4 0.00000000 5.74999992 1,000.00000000 6.90000%
G 161505AW2 0.00000000 5.75000033 1,000.00000000 6.90000%
H 161505AX0 0.00000000 5.09988923 1,000.00000000 6.90000%
R N/A 0.00000000 0.00000000 0.00000000 0.00000%
Class CUSIP # Interest Ending Notional Current Pass Through Next Pass Through
Distribution Balance Rate Rate
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505AU6 1.18830755 964.94258851 1.47680% 1.47682%
</TABLE>
<PAGE>
<TABLE>
Chase Commercial Mortgage Securities Corp.
DIST. DATE: 19-NOV-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-OCT-1998
Series 1996-2
Monthly Certificate Holders Report
<S> <C> <C> <C>
Sec 4.02 (a) (iii) P&I Advances 52,727.90
Sec 4.02 (a) (iv) Servicing Compensation 20,892.90
Sec 4.02 (a) (iv) Trustee Compensation 1,812.72
Sec 4.02 (a) (v) Beginning Balance Ending Balance
-----------------------------------------------------------
Mortgage Loans 252,938,043.58 2,527,707.29
Loans Outstanding 0.00 0.00
-----------------------------------------------------------
Sec 4.02 (a) (vi) Aggregate Number of Mortgage Loans 94
Aggregate Mortgage Principal Balance 252,770,729.08
Weighted Average Remaining Term to Maturity 89.42
Weighted Average Mortgage Rate 8.44909%
Sec 4.02 (a)(vii) Loans Delinquent Period Number Aggregate Principal
Balance
-----------------------------------------------------------
1 month 0 0.00
2 months 0 0.00
3 months or more 1 3,298,962.51
in Foreclosure 0 0.00
Sec 4.02 (a)(viii) Appraisal Value of REO Property 0.00
Sec 4.02 (a)(ix) Available Distribution Amount 1,921,239.28
Sec 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
-----------------------------------------------------------
A-1 251,035.32 0.00
A-2 736,462.71 0.00
B 97,905.37 0.00
C 90,374.19 0.00
D 75,311.82 0.00
E 30,124.73 0.00
F 75,311.82 0.00
G 52,718.28 0.00
H 37,655.91 0.00
X 0.00 0.00
-----------------------------------------------------------
Sec 4.02 (a)(xiii) Scheduled Principal Distribution Amount 167,314.50
Sec 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
Sec 4.02 (a)(xvii) Appraisal Reduction Amounts Loan Number Appraisal Reductions Appraisal Reductions
Effected Amounts
-----------------------------------------------------------
563970126 892,799.95 5,133.60
-----------------------------------------------------------
Sec 4.02 (a)(xvii) Number of Loans Extended or Modified 0
Sec 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans
Extenuated or Modified 0.00
Sec 4.02 (a)(xviii) Class Unpaid Interest Shortfall Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
-----------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 4,257.48 17,458.69
X 0.00 0.00
-----------------------------------------------------------
Sec 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Nov-1998 PAGE # 1
RECORD DATE: 30-Oct-1998
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) (Allocation/ Balance
Reimb)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 70,081,264.10 551,318.36 424,575.66 0.00 0.00 975,894.02 69,529,945.74
A-2 161505AZ5 283,717,991.00 283,717,991.00 0.00 1,742,501.33 0.00 0.00 1,742,501.33 283,717,991.00
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00 0.00 163,913.40 26,688,749.00
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00 0.00 163,913.40 26,688,749.00
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74 0.00 0.00 180,304.74 29,357,624.00
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36 0.00 0.00 65,565.36 10,675,500.00
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74 N/A 0.00 180,304.74 29,357,624.00
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68 N/A 0.00 32,782.68 5,337,750.00
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02 N/A 0.00 49,174.02 8,006,625.00
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 76,402.78 N/A 0.00 76,402.78 13,344,374.00
R N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 503,256,250.10 551,318.36 3,079,438.12 0.00 0.00 3,630,756.48 502,704,931.74
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 100,600,000.00 70,081,264.10 N/A N/A N/A 69,529,945.74
WAC Component 533,774,986.00 503,256,249.37 N/A N/A N/A 502,704,931.01
X 161505BA9 533,774,986.00 503,256,250.10 603,513.97 0.00 603,513.97 502,704,931.74
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000
- ------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 5.4803017893 4.2204339960 691.1525421471 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 5.7254675587 1000.0000000000 7.3700000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- ------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 Component N/A N/A 0.1000000% 0.10000000%
WAC Component N/A N/A 1.4251361% 1.42512300%
X 161505BA9 1.1306524 941.7918504 1.4390616% 1.43895416%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Nov-1998 PAGE # 2
RECORD DATE: 30-Oct-1998
<S> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 181,762.88
SECTION 4.02 (a)(iv) Servicing Compensation 41,080.00
SECTION 4.02 (a)(iv) Trustee Compensation 2,684.03
SECTION 4.02 (a)(iv) Special Servicing Compensation 5,553.92
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 503,256,249.37 502,704,931.01
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 502,704,931.01
Weighted Average Remaining Term to Maturity N/A
Weighted Average Mortgage Rate 8.899%
------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
------------------------------------------------------------
------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 1 1,717,629.20
In Foreclosure 0 0.00
------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 4,234,270.45
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 424,575.66 0.00
A-2 1,742,501.33 0.00
B 163,913.40 0.00
C 163,913.40 0.00
D 180,304.74 0.00
E 65,565.36 0.00
F 180,304.74 0.00
G 32,782.68 0.00
H 49,174.02 0.00
I 81,956.70 0.00
X 603,513.97 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 551,318.36
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 5,553.92 12,653.69
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Nov-1998 PAGE # 1
RECORD DATE: 30-Oct-1998
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) (Allocation/ Balance
Reimb)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 178,215,450.58 721,256.53 957,908.05 0.00 0.00 1,679,164.58 177,494,194.05
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80 0.00 0.00 2,145,409.80 390,074,509.00
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32 0.00 0.00 179,078.32 32,559,695.00
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00 0.00 268,617.48 48,839,542.00
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70 0.00 0.00 246,232.70 44,769,581.00
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37 0.00 0.00 67,154.37 12,209,885.00
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48 N/A 0.00 268,617.48 48,839,542.00
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19 N/A 0.00 33,577.19 6,104,943.00
H 161505BU5 12,209,886.00 12,209,886.00 0.00 67,154.37 N/A 0.00 67,154.37 12,209,886.00
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58 N/A 0.00 44,769.58 8,139,924.00
J 161505BW1 14,244,866.00 14,244,866.00 0.00 78,180.53 N/A 0.00 78,180.53 14,244,866.00
R N/A N/A N/A N/A 0.00 N/A 0.00 0.00 0.00
LR N/A N/A N/A N/A 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 813,992,373.00 796,207,823.58 721,256.53 4,356,699.87 0.00 0.00 5,077,956.40 795,486,567.05
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 196,000,000.00 178,215,450.58 N/A N/A N/A 177,494,194.05
WAC Component 813,992,373.00 796,207,823.58 N/A N/A N/A 795,486,567.05
X 161505BM3 813,992,373.00 796,207,823.58 1,055,116.33 0.00 1,055,116.33 795,486,567.05
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BK7 3.6798802551 4.8872859534 905.5826227041 6.4500000%
A-2 161505BL5 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
B 161505BN1 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
C 161505BP6 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
D 161505BQ4 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
E 161505BR2 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
F 161505BS0 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
G 161505BT8 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
H 161505BU5 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
I 161505BV3 0.0000000000 5.5000000000 1000.0000000000 6.6000000%
J 161505BW1 0.0000000000 5.4883302983 1000.0000000000 6.6000000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- ---------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 Component N/A N/A 0.1500000% 0.15000000%
WAC Component N/A N/A 1.5565309% 1.55654627%
X 161505BM3 1.2962239 977.2653816 1.5902125% 1.58998494%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Nov-1998 PAGE # 2
RECORD DATE: 30-Oct-1998
<S> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 649,833.58
SECTION 4.02 (a)(iv) Servicing Compensation 61,718.56
SECTION 4.02 (a)(iv) Trustee Compensation 3,815.14
SECTION 4.02 (a)(iv) Special Servicing Compensation 166.23
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 796,216,044.47 795,494,787.94
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 168
Aggregate Mortgage Principal Balance 795,494,787.94
Weighted Average Remaining Term to Maturity 106.00
Weighted Average Mortgage Rate 8.16%
------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
------------------------------------------------------------
------------------------------------------------------------
1 Month 2 6,709,520.89
2 Months 0 0.00
3 Months or more 1 4,949,855.12
In Foreclosure 0 0.00
------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 6,133,072.73
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 957,908.05 0.00
A-2 2,145,409.80 0.00
B 179,078.32 0.00
C 268,617.48 0.00
D 246,232.70 0.00
E 67,154.37 0.00
F 268,617.48 0.00
G 33,577.19 0.00
H 67,154.37 0.00
I 44,769.58 0.00
J 78,346.76 0.00
X 1,055,116.33 0.00
---------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 721,256.53
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
------------------------------------------------------------
------------------------------------------------------------
------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
------------------------------------------------------------
------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 166.23 5,694.95
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Nov-1998 PAGE # 1
RECORD DATE: 30-Oct-1998
Collateral
Class CUSIP # Original Beginning Principal Interest Prepayment Support Total Ending
Certificate Certificate Distribution Distribution Penalties Deficit Distribution Certificate
Balance Balance (PP/YMC) (Alloc/(Reimb) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 129,165,728.80 673,982.68 682,425.60 0.00 0.00 1,356,408.28 128,491,746.12
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64 0.00 0.00 2,538,985.64 464,448,593.00
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95 0.00 0.00 178,841.95 32,714,991.00
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93 0.00 0.00 268,262.93 49,072,487.00
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68 0.00 0.00 245,907.68 44,983,113.00
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.72 0.00 0.00 67,065.72 12,268,122.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201, 197.20 0.00 0.00 201, 197.20 36,804,365.00
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 0.00 0.00 44,710.49 8,178,748.00
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 0.00 0.00 97,224.87 18,402,183.00
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53 N/A 0.00 21,605.53 4,089,374.00
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34 N/A 0.00 75,619.34 14,312,809.00
R N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
- ------------------------------------------------------------------------------------------------------------------------------------
Total 817,874,785.00 814,440,513.80 673,982.68 4,421,846.96 0.00 0.00 5,095,829.64 813,766,531.12
Class CUSIP # Original Beginning Interest Prepayment Total Ending
Notional Notional Distribution Penalties Distribution Notional
Amount Amount (PP/YMC) Amount
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505CA8 817,874,785.00 814,440,513.80 562,121.18 0.00 562,121.18 813,766,531.12
- ------------------------------------------------------------------------------------------------------------------------------------
Factor Information Per $1,000
Class CUSIP # Principal Interest End Prin Pass Through
Distribution Distribution Balance Rate
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BX9 5.08282564 5.14649773 969.01769321 6.3400000000%
A-2 161505BY7 0.00000000 5.46666664 1,000.00000000 6.5600000000%
B 161505CB6 0.00000000 5.46666666 1,000.00000000 6.5600000000%
C 161505CC4 0.00000000 5.46666668 1,000.00000000 6.5600000000%
D 161505CD2 0.00000000 5.46666656 1,000.00000000 6.5600000000%
E 161505CE0 0.00000000 5.46666637 1,000.00000000 6.5600000000%
F 161505CF7 0.00000000 5.46666679 1,000.00000000 6.5600000000%
G 161505CG5 0.00000000 5.46666678 1,000.00000000 6.5600000000%
H 161505CH3 0.00000000 5.28333350 1,000.00000000 6.3400000000%
I 161505CJ9 0.00000000 5.28333431 1,000.00000000 6.3400000000%
J 161505CK6 0.00000000 5.28333327 1,000.00000000 6.3400000000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
Class CUSIP # Interest Ending Notional Current Pass Next Pass
Distribution Balance Throught Rate Through Rate
- -------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505CA8 0.6872948 994.97691580 0.8282317% 0.82796672%
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Nov-1998 PAGE # 2
RECORD DATE: 30-Oct-1998
<S> <C> <C> <C>
Sec 4.02 (a) (iii) P&I Advances 16,096.05
Sec 4.02 (a) (iv) Servicing Compensation 49,922.49
Sec 4.02 (a) (iv) Trustee Compensation 4,072.23
Sec 4.02 (a) (iv) Special Servicing Compensation 3,393.53
Sec 4.02 (a) (v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
----------------------------------------------------------
Mortgage Loans 814,446,434.76 813,772,452.08
Loans Outstanding
----------------------------------------------------------
Sec 4.02 (a) (vi) Aggregate Number of Mortgage Loans 78
Aggregate Mortgage Principal Balance 813,772,452.08
Weighted Average Remaining Term to Maturity 149.00
Weighted Average Mortgage Rate 7.32%
Sec 4.02 (a) (vii) Loans Delinquent Period Number Aggregated Principal Balance
----------------------------------------------------------
1 month 0 0.00
2 months 0 0.00
3 months or more 1 0.00
In Foreclosure 0 0.00
Sec 4.02 (a)(viii) Appraisal Value of REO Property 0.00
Sec 4.02 (a)(ix) Available Distribution Amount 5,657,950.82
Sec 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
----------------------------------------------------------
A-1 682,425.60 0.00
A-2 2,538,985.64 0.00
B 178,841.95 0.00
C 268,262.93 0.00
D 245,907.68 0.00
E 67,065.72 0.00
F 201,197.20 0.00
G 44,710.50 0.00
H 97,224.87 0.00
I 21,605.53 0.00
J 75,619.34 0.00
X 562121.18 0.00
----------------------------------------------------------
Sec 4.02 (a)(xiii) Scheduled Principal Distribution Amount 673,982.68
Sec 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
Sec 4.02 (a)(xvii) Appraisal Reduction Amounts Loan Number Appraisal Reductions Appraisal Reductions
Effected Amounts
----------------------------------------------------------
563970126 892,799.95 5,133.60
----------------------------------------------------------
Sec 4.02 (a)(xvii) Number of Loans Extended or Modified 0
Sec 4.02 (a)(xvii) Stated Principal Balance of Mortgage
Loans Extenuated or Modified 0.00
Sec 4.02 (a)(xviii) Class Unpaid Interest Shortfall Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
----------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
----------------------------------------------------------
Sec 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
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