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: October 19, 1998
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
-------------- ------------- ------------------
(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 9/19/98 and 9/20/98, 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 the Pooling and Servicing
Agreement dated as of July 1, 1996 and the Pooling and Servicing Agreement
dated as of December 1, 1996 (collectively, the "Pooling and Servicing
Agreements")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.
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 4.02 of the Pooling and Servicing
Agreements 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
October 19, 1998 and October 20, 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: November 6, 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
October 19, 1998 and October 20, 1998
<PAGE>
<TABLE>
RUN DATE:10/16/98 13:06:31 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-OCT-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-SEP-1998
Series 1996-1
Monthly Certificate Holders Report
CLASS 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 178,780,359.38 474,218.85 1,132,275.61 0.00 0.00 1,606,494.46 178,306,140.53
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 59,558.64 0.00 0.00 59,558.64 11,078,984.00
P 161505AC6 1,181,060.02 1,714.34 0.00 0.00 0.00 1,714.34 1,179,345.68
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 431,898,642.93 0.00 295,324.65 0.00 0.00 295,324.65 431,422,709.74
TOTAL: 431,898,640.40 475,933.19 3,012,594.40 0.00 0.00 3,488,527.59 431,422,707.21
1
RUN DATE:10/16/98 13:06:31 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-OCT-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-SEP-1998
Series 1996-1
Monthly Certificate Holders Report
CLASS 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 1,132,275.61 0.00 0.00 2.49588868 5.95934532 938.45337121 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 1.40272012 0.00000000 964.97305577 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 4,960.00 0.00000000 5.88560287 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 295,324.65 0.00 0.00 0.00000000 0.66640731 973.51592139 0.82054 0.82053
TOTAL: 3,023,202.66 0.00 4,960.00
1
RUN DATE:10/16/98 13:06:3 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 19-OCT-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-SEP-1998
Series 1996-1
Monthly Certificate Holders Report
P & I Advances 491,542.93
Servicing Compensation 44,110.07
Beginning Balance(Mortgage Loans) 428,891,349.39
Ending Balance(Mortgage Loans) 428,418,974.47
Beginning Balance(REO Loans) 3,007,293.54
Ending Balance(REO Loans) 3,003,735.27
Aggregate Number of Mortgage Loans 87
Aggregate Mortgage Principal Balance 431,422,709.74
Weighted Average Remaining Term to Maturity 86.70
Weighted Average Mortgage Rate 8.53408%
# 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 4,450,000.00
Available Distribution Amount 3,488,527.59
Scheduled Principal Distribution Amount 475,933.19
Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
<TABLE>
RUN DATE:10/15/98 18:20:49 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-OCT-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-SEP-1998
Series 1996-2
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>
A-1 161505AN2 45,127,720.28 166,170.34 251,963.10 0.00 0.00 418,133.44 44,961,549.94
A-2 161505AP7 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 0.00 97,905.37 0.00 0.00 97,905.37 17,027,021.00
C 161505AR3 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 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
E 161505AT9 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 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
G 161505AW2 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 0.00 33,213.71 0.00 0.00 33,213.71 6,548,854.00
R N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AU6 253,104,213.92 0.00 311,482.95 0.00 0.00 311,482.95 252,938,043.58
TOTAL: 253,104,212.28 166,170.34 1,754,868.68 0.00 0.00 1,921,039.02 252,938,041.94
1
RUN DATE:10/15/98 18:20:49 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-OCT-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-SEP-1998
Series 1996-2
Monthly Certificate Holders Report
CLAS CUSIP ACCR INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505A 251,963.10 3.07850148 4.66791352 832.96572651 6.70000 6.70000
A-2 161505A 736,462.71 0.00000000 5.74999997 1,000.00000000 6.90000 6.90000
B 161505A 97,905.37 0.00000000 5.74999996 1,000.00000000 6.90000 6.90000
C 161505A 90,374.19 0.00000000 5.75000016 1,000.00000000 6.90000 6.90000
D 161505A 75,311.82 0.00000000 5.74999992 1,000.00000000 6.90000 6.90000
E 161505A 30,124.73 0.00000000 5.75000052 1,000.00000000 6.90000 6.90000
F 161505A 75,311.82 0.00000000 5.74999992 1,000.00000000 6.90000 6.90000
G 161505A 52,718.28 0.00000000 5.75000033 1,000.00000000 6.90000 6.90000
H 161505A 37,655.91 0.00000000 5.07168277 1,000.00000000 6.90000 6.90000
R N/A 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505A 0.00 0.00000000 1.18907425 965.58130521 1.47678 1.47680
TOTAL: 1,447,827.93
1
RUN DATE:10/15/98 18:20:51 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 19-OCT-1998 Commercial Mortgage Pass-Through Certificates
REC. DATE: 30-SEP-1998
Series 1996-2
Monthly Certificate Holders Report
<S> <C>
P & I Advances 0.00
Servicing Compensation 20,907.24
Trustee Compensation 1,813.95
Beginning Balance(Mortgage Loans) 253,104,213.92
Ending Balance(Mortgage Loans) 252,938,043.58
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 94
Aggregate Mortgage Principal Balance 252,938,043.58
Weighted Average Remaining Term to Maturity 90.41
Weighted Average Mortgage Rate 8.44897%
# 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) 1
Balance of Loans Delinquent(3 month) 3,301,116.98
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 1,921,039.73
Scheduled Principal Distribution Amount 166,170.34
Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
<TABLE>
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CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Oct-1998 PAGE # 1
RECORD DATE: 30-Sep-1998
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Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principa
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 75,523,743.70 5,442,479.60 457,548.01 396,909.43 0.00 6,296,937.04 70,081,264.10
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 76,131.36 N/A 0.00 76,131.36 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 533,774,986.00 508,698,729.70 5,442,479.60 3,112,139.05 396,909.43 0.00 8,951,528.08 503,256,250.10
- ------------------------------------------------------------------------------------------------------------------------------------
- -----------------------------------------------------------------------------------------------------------------------------------
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 75,523,743.70 N/A N/A N/A 70,081,264.10
WAC Component 533,774,986.00 508,698,728.97 N/A N/A N/A 503,256,249.37
X 161505BA9 533,774,986.00 508,698,729.70 608,859.63 175,148.64 784,008.27 503,256,250.10
- -----------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 54.1001948310 4.5481909543 696.6328439364 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 5.7051281590 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 1.4214292% 1.42513607%
X 161505BA9 1.1406672 942.8247170 1.4362756% 1.43906163%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
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CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Oct-1998 PAGE # 2
RECORD DATE: 30-Sep-1998
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 201,007.21
SECTION 4.02 (a)(iv) Servicing Compensation 41,512.24
SECTION 4.02 (a)(iv) Trustee Compensation 2,713.06
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 508,698,728.97 503,256,249.37
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 503,256,249.37
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 1,719,032.78
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 9,735,536.35
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 457,548.01 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 608,859.63 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 550,789.28
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 4,891,690.32
------------------------------------------------------------
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 5,825.33 7,099.77
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
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</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Oct-1998 PAGE # 1
RECORD DATE: 30-Sep-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 196,000,000.00 178,996,430.65 780,980.07 962,105.81 0.00 0.00 1,743,085.88 178,215,450.58
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 78,346.76 N/A 0.00 78,346.76 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 813,992,373.00 796,988,803.65 780,980.07 4,361,063.86 0.00 0.00 5,142,043.93 796,207,823.58
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- ------------------------------------------------------------------------------------------------------------------------------------
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 196,000,000.00 178,996,430.65 N/A N/A N/A 178,215,450.58
WAC Component 813,992,373.00 796,988,803.65 N/A N/A N/A 796,207,823.58
X 161505BM3 813,992,373.00 796,988,803.65 991,131.03 0.00 991,131.03 796,207,823.58
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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 3.9845921939 4.9087031364 909.2625029592 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 5.4999996958 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 1.4585628% 1.45860546%
X 161505BM3 1.2176171 978.1514545 1.4923136% 1.49214711%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
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CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Oct-1998 PAGE # 2
RECORD DATE: 30-Sep-1998
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 609,419.93
SECTION 4.02 (a)(iv) Servicing Compensation 61,778.77
SECTION 4.02 (a)(iv) Trustee Compensation 3,818.93
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 796,997,024.54 796,216,044.47
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 168
Aggregate Mortgage Principal Balance 796,216,044.47
Weighted Average Remaining Term to Maturity 107.00
Weighted Average Mortgage Rate 8.16%
------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
------------------------------------------------------------
------------------------------------------------------------
1 Month 1 2,980,466.97
2 Months 1 3,548,259.92
3 Months or more 1 4,953,946.54
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 6,133,174.96
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 962,105.81 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 991,131.03 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 780,980.07
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 0.00 5,528.72
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
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</TABLE>
<PAGE>
<TABLE>
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CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Oct-1998 PAGE # 1
RECORD DATE: 30-Sep-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 161505BX9 132,600,000.00 129,899,529.32 733,800.52 686,302.51 0.00 0.00 1,420,103.03 129,165,728.80
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 67,065.73 0.00 0.00 67,065.73 12,268,122.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20 N/A 0.00 201,197.20 36,804,365.00
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 N/A 0.00 44,710.49 8,178,748.00
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 N/A 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
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 815,174,314.32 733,800.52 4,425,723.87 0.00 0.00 5,159,524.39 814,440,513.80
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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>
X 161505CA8 817,874,785.00 815,174,314.32 487,507.65 0.00 487,507.65 814,440,513.80
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 161505BX9 5.5339405732 5.1757353695 974.1005188537 6.3400000%
A-2 161505BY7 0.0000000000 5.4666666629 1000.0000000000 6.5600000%
B 161505CB6 0.0000000000 5.4666666422 1000.0000000000 6.5600000%
C 161505CC4 0.0000000000 5.4666666884 1000.0000000000 6.5600000%
D 161505CD2 0.0000000000 5.4666665689 1000.0000000000 6.5600000%
E 161505CE0 0.0000000000 5.4666663732 1000.0000000000 6.5600000%
F 161505CF7 0.0000000000 5.4666667935 1000.0000000000 6.5600000%
G 161505CG5 0.0000000000 5.4666667808 1000.0000000000 6.5600000%
H 161505CH3 0.0000000000 5.2833335045 1000.0000000000 6.3400000%
I 161505CJ9 0.0000000000 5.2833343196 1000.0000000000 6.3400000%
J 161505CK6 0.0000000000 5.2833332716 1000.0000000000 6.3400000%
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
- ---------------------------------------------------------------------------------------------------------------
X 161505CA8 0.5960664 995.8009817 0.7176492% 0.71737379%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Oct-1998 PAGE # 2
RECORD DATE: 30-Sep-1998
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 49,967.83
SECTION 4.02 (a)(iv) Trustee Compensation 4,075.90
SECTION 4.02 (a)(iv) Special Servicing Compensation 3,396.63
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 815,180,235.28 814,446,434.76
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 814,446,434.76
Weighted Average Remaining Term to Maturity 150.00
Weighted Average Mortgage Rate 7.32%
------------------------------------------------------------
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 0 0.00
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 5,647,032.04
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 686,302.51 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 67,065.73 0.00
F 201,197.20 0.00
G 44,710.49 0.00
H 97,224.87 0.00
I 21,605.53 0.00
J 75,619.34 0.00
X 487,507.65 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 733,800.52
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 0.00 0.00
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
