<PAGE>
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 18, 1999
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 jurisdiction (Commission (IRS Employer
of incorporation) File Number) Identification No.)
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 10/18/99, 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, Series
1998-1 and Series 1998-2 contemplated by the applicable Pooling and Servicing
Agreements for such Series (collectively, the "Pooling and Servicing
Agreements").
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 4.02 of the applicable 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 18,
1999 distribution
<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: October 29, 1999
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 18, 1999.
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
Statement to Certificateholders
October 18, 1999
DISTRIBUTION IN DOLLARS
<TABLE>
<CAPTION>
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 190,000,000.00 143,067,741.04 471,368.21 906,095.69 1,377,463.90 0.00 0.00 142,596,372.83
A2 123,421,002.00 123,421,002.00 0.00 781,666.35 781,666.35 0.00 0.00 123,421,002.00
P 1,222,154.00 641,728.21 1,027.90 0.00 1,027.90 0.00 0.00 640,700.31
B 26,589,563.00 26,589,563.00 0.00 168,400.57 168,400.57 0.00 0.00 26,589,563.00
C 22,157,969.00 22,157,969.00 0.00 140,333.80 140,333.80 0.00 0.00 22,157,969.00
D 15,510,578.00 15,510,578.00 0.00 98,233.66 98,233.66 0.00 0.00 15,510,578.00
E 11,078,984.00 11,078,984.00 0.00 70,166.90 70,166.90 0.00 0.00 11,078,984.00
F 24,373,766.00 24,373,766.00 0.00 154,367.18 154,367.18 0.00 0.00 24,373,766.00
G 17,726,375.00 17,726,375.00 0.00 112,267.04 112,267.04 0.00 0.00 17,726,375.00
H 11,078,984.00 10,868,668.10 0.00 68,135.30 68,135.30 0.00 0.00 10,868,668.10
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 443,159,375.00 395,436,374.35 472,396.11 2,499,666.49 2,972,062.60 0.00 0.00 394,963,978.24
X 443,159,377.53 395,436,376.89 0.00 281,070.39 281,070.39 0.00 0.00 394,963,980.78
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 752.98811074 2.48088532 4.76892468 7.24981000 750.50722542 A1 7.600000 %
A2 161505AB8 1,000.00000000 0.00000000 6.33333337 6.33333337 1,000.00000000 A2 7.600000 %
P 161505AC6 525.07966263 0.84105604 0.00000000 0.84105604 524.23860659 P 0.000000 %
B 161505AE2 1,000.00000000 0.00000000 6.33333350 6.33333350 1,000.00000000 B 7.600000 %
C 161505AF9 1,000.00000000 0.00000000 6.33333317 6.33333317 1,000.00000000 C 7.600000 %
D 161505AG7 1,000.00000000 0.00000000 6.33333329 6.33333329 1,000.00000000 D 7.600000 %
E 161505AH5 1,000.00000000 0.00000000 6.33333345 6.33333345 1,000.00000000 E 7.600000 %
F 161505AJ1 1,000.00000000 0.00000000 6.33333314 6.33333314 1,000.00000000 F 7.600000 %
G 161505AK8 1,000.00000000 0.00000000 6.33333324 6.33333324 1,000.00000000 G 7.600000 %
H 161505AL6 981.01667987 0.00000000 6.14995924 6.14995924 981.01667987 H 7.600000 %
TOTALS 892.31187843 1.06597341 5.64055875 6.70653216 891.24590502 R 7.600000 %
X 161505AD4 892.31187907 0.00000000 0.63424223 0.63424223 891.24590566 X 0.852942 %
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 1
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
Statement to Certificates
October 18, 1999
Sec. 4.02(a)(iii) Aggregate P&I Advances 363,486.18
Sec. 4.02(a)(iv) Servicing Compensation 44,516.23
Sec. 4.02(a)(v) Aggregate Stated Principal Balance 0
Sec. 4.02(a)(vi) Number of Mortgage Loans Outstanding for
Related Due Period 84
Aggregate Principal Balance of Mortgage Loans
Outstanding 394,963,980.78
Weighted Average Remaining Term to Maturity
of Mortgage Loans Outstanding 75.00
Weighted Average Mortgage Rate of Mortgage
Loans Outstanding 8.57 %
Sec. 4.02(a)(vii) Loans Delinquent
Group Totals
Category Number Principal Balance Percentage
1 Month 0 0.00 0.00 %
2 Months 0 0.00 0.00 %
3+ Months 0 0.00 0.00 %
Total 0 0.00 0.00 %
Sec. 4.02(a)(viii): Aggregate Appraised Value of REO Properties 0.00
Sec. 4.02(a)(ix) Available Distribution Amount 3,253,133.00
Sec. 4.02(a)(x) Accrued Certificate Interest 0
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 2
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
October 18, 1999
Sec. 4.02(a)(xi) Yield Maintenance Charges/Prepayment Premiums 0
Sec. 4.02(a)(xiii) Scheduled Principal Distribution Amount 472,396.11
Unscheduled Principal Distribution Amount 0.00
Sec. 4.02(a)(xvi)Appraisal Reduction Amounts 0
Sec. 4.02(a)(xvii): Number of Extended or Modified Mortgage Loans 0
Aggregate Stated Principal Balance of Extended or
Modified Mortgage Loans 0.00
Sec. 4.02(a)(xviii) Class Unpaid Interest Shortfall 0
Sec. 4.02(a)(xix): Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
* Class A-1 & Class X total interest distribution include yield
maintenance charge reallocation from April, 1999. Please refer to
Class A-1 Yield Maintenance Charge Receipts and Class X Yield
Maintenance Charge Receipt on page 4.
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 3
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
10/19/99
9/30/99
Distribution in Dollars
<TABLE>
<CAPTION>
Class Cusip # Original Face Value Beginning Principal Balance Interest
<S> <C> <C> <C> <C>
A1 161505AN2 53,977,671.00 39,846,197.97 222,474.61
A2 161505AP7 128,080,472.00 128,080,472.00 736,462.71
B 161505AQ5 17,027,021.00 17,027,021.00 97,905.37
C 161505AR3 15,717,250.00 15,717,250.00 90,374.19
D 161505AS1 13,097,708.00 13,097,708.00 75,311.82
E 161505AT9 5,239,083.00 5,239,083.00 30,124.73
F 161505AV4 13,097,708.00 13,097,708.00 75,311.82
G 161505AW2 9,168,396.00 9,168,396.00 52,718.28
H 161505AX0 6,548,854.00 6,548,854.00 34,392.51
R N/A 0 0 0
TOTALS 261,954,163.00 247,822,689.97 1,415,076.04
Class Cusip # Original Face Value Beginning Principal Balance Interest
X 161505AU6 261,954,164.00 247,822,691.63 304,458.17
Factor Information
per $1,000
of Original Face
Class Cusip # Beginning Principal Factor Interest Principal
A1 161505AN2 738.1977998 4.12160447 3.29279213
A2 161505AP7 1,000.00 5.74999997 0
B 161505AQ5 1,000.00 5.74999996 0
C 161505AR3 1,000.00 5.75000016 0
D 161505AS1 1,000.00 5.74999992 0
E 161505AT9 1,000.00 5.75000052 0
F 161505AV4 1,000.00 5.74999992 0
G 161505AW2 1,000.00 5.75000033 0
H 161505AX0 1,000.00 5.25168373 0
R N/A 0 0 0
TOTALS 946.0536421 5.40199867 0.67850516
Class Cusip # Beginning Principal Factor Interest Principal
X 161505AU6 946.0536448 1.16225742 0
<CAPTION>
Class Principal Total Realized Losses/
Trust Expenses
<S> <C> <C> <C>
A1 177,737.25 400,211.86 0
A2 0 736,462.71 0
B 0 97,905.37 0
C 0 90,374.19 0
D 0 75,311.82 0
E 0 30,124.73 0
F 0 75,311.82 0
G 0 52,718.28 0
H 0 34,392.51 0
R 0 0 0
TOTALS 177,737.25 1,592,813.29 0
Class Principal Total Realized Losses/
Trust Expenses
X 0 304,458.17 0
Factor Information
per $1,000
of Original Face
Class Total Ending Principal Factor Current Pass Thru Rate
A1 7.41439659 734.9050077 6.70%
A2 5.74999997 1,000.00 6.90%
B 5.74999996 1,000.00 6.90%
C 5.75000016 1,000.00 6.90%
D 5.74999992 1,000.00 6.90%
E 5.75000052 1,000.00 6.90%
F 5.74999992 1,000.00 6.90%
G 5.75000033 1,000.00 6.90%
H 5.25168373 1,000.00 6.90%
R 0 0 0.00%
TOTALS 6.08050382 945.375137
Class Total Ending Principal Factor Current Pass Thru Rate
X 1.16225742 945.3751397 1.63%
<CAPTION>
Class Prepayment Premiums / Ending Principal Balance
Yield Maint Charges
<S> <C> <C>
A1 0 39,668,460.72
A2 0 128,080,472.00
B 0 17,027,021.00
C 0 15,717,250.00
D 0 13,097,708.00
E 0 5,239,083.00
F 0 13,097,708.00
G 0 9,168,396.00
H 0 6,548,854.00
R 0 0
TOTALS 0 247,644,952.72
Class Prepayment Premiums / Ending Principal Balance
Yield Maint Charges
X 0 247,644,954.38
</TABLE>
<PAGE>
<TABLE>
<S> <C> <C>
Sec. 4.02(a)(iii): Aggregate P&I Advances 65,056.34
Sec. 4.02(a)(iv): Servicing Compensation 20,469.04
Sec. 4.02(a)(iv): Trustee Compensation 1,776.06
Description Beginning Balance
Mortgage Loans 244,590,537.10
REO Loans O/S 3,232,154.51
Sec. 4.02(a)(vi): Number of Mortgage Loans Outstanding
for Related Due Period
Aggregate Principal Balance of
Mortgage Loans Outstanding
Weighted Average Remaining Term to Maturity
of Mortgage Loans Outstanding
Weighted Average Mortgage Rate of
Mortgage Loans Outstanding
Sec. 4.02(a)(viii): Loans Delinquent:
Period Number
greater than 1 Month 1
1 Month 0
2 Months 0
3+ Months 0
In Foreclosure 0
TOTALS 1
Sec. 4.02(a)(viii): Aggregate Appraised Value of REO Properties
Sec. 4.02(a)(ix): Available Distribution Amount 1,897,271.45
Class Accrued Certificate Interest
A1 222,474.61
A2 736,462.71
B 97,905.37
C 90,374.19
D 75,311.82
E 30,124.73
F 75,311.82
G 52,718.28
H 37,655.91
TOTALS 1,418,339.44
Sec. 4.02(a)(xiii): Scheduled Principal Distribution Amount 177,737.25
Unscheduled Principal Distribution Amount 0
Loan Number Appraisal Reduction Effected Date
563970136 10/14/99
Sec. 4.02(a)(xvii): Number of Extended or Modified Mortgage Loans
Sec. 4.02(a)(xvii): Aggregate Stated Principal Balance of
Extended or Modified Mortgage Loans
Class Current Unpaid Interest Shortfall
A1 0
A2 0
B 0
C 0
D 0
E 0
F 0
G 0
H 3,263.40
R 0
X 0
TOTALS 3,263.40
Sec. 4.02(a)(xx): Distribution to Residual Certificates 0
<S> <C> <C>
Sec. 4.02(a)(iii):
Sec. 4.02(a)(iv):
Sec. 4.02(a)(iv):
Ending Balance
244,415,071.90
3,229,882.46
Sec. 4.02(a)(vi):
92
247,644,954.36
75
8.4498
Sec. 4.02(a)(viii):
Aggregated Principal Balance Percentage
5,061,221.37 0.00%
0 0.00%
0 0.00%
0 0.00%
0 0.00%
5,061,221.37 0.00%
Sec. 4.02(a)(viii): 0
Sec. 4.02(a)(ix):
Certified Deferred Interest Distributable Certificate Interest
0 222,474.61
0 736,462.71
0 97,905.37
0 90,374.19
0 75,311.82
0 30,124.73
0 75,311.82
0 52,718.28
0 34,392.51
0 1,415,076.04
Sec. 4.02(a)(xiii):
Appraisal Reduction Amount
2,729.70
Sec. 4.02(a)(xvii): 0
Sec. 4.02(a)(xvii):
0
Cumulative Unpaid Interest Shortfall
0
0
0
0
0
0
0
0
84,853.60
0
0
84,853.60
Sec. 4.02(a)(xx):
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Oct-1999 PAGE # 1
RECORD DATE: 30-Sep-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 63,786,481.18 598,067.22 386,439.77 0.00
A-2 161505AZ5 283,717,991.00 283,717,991.00 0.00 1,742,501.33 0.00
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74 0.00
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36 0.00
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74 N/A
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68 N/A
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02 N/A
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 81,560.96 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A
- --------------------------------------------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 496,961,467.18 598,067.22 3,046,460.40 0.00
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- ------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 984,506.99 63,188,413.96
A-2 0.00 1,742,501.33 283,717,991.00
B 0.00 163,913.40 26,688,749.00
C 0.00 163,913.40 26,688,749.00
D 0.00 180,304.74 29,357,624.00
E 0.00 65,565.36 10,675,500.00
F 0.00 180,304.74 29,357,624.00
G 0.00 32,782.68 5,337,750.00
H 0.00 49,174.02 8,006,625.00
I 0.00 81,560.96 13,344,374.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- ------------------------------------------------------------------------
TOTALS 0.00 3,644,527.62 496,363,399.96
- ------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
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 63,786,481.18 N/A N/A N/A 63,188,413.96
WAC Component 533,774,986.00 496,961,466.45 N/A N/A N/A 496,363,399.23
X 161505BA9 533,774,986.00 496,961,467.18 595,448.73 0.00 595,448.73 496,363,399.96
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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 5.9450021869 3.8413496024 628.1154469185 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666735 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 6.1120108628 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
- ---------------------------------------------------------------------------------------------------------------
<CAPTION>
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 1.4249794% 1.42496365%
X 161505BA9 1.1155426 929.9113165 1.4378146% 1.43769392%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
----------------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
----------------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Oct-1999 PAGE # 2
RECORD DATE: 30-Sep-1999
SECTION 4.02 (a)(iii) P & I Advances 127,449.65
SECTION 4.02 (a)(iv) Servicing Compensation 40,565.85
SECTION 4.02 (a)(iv) Trustee Compensation 2,650.46
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 496,961,466.45 496,363,399.23
Reo Loans Outstanding 0.00 0.00
- -----------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 496,363,399.23
Weighted Average Remaining Term to
Maturity 95.00
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 1,701,530.07
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 4,239,976.35
SECTION 4.02 (a)(x) Accrued Certificate Interest
- ---------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- ---------------------------------------------------------------
A-1 386,439.77 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 595,448.73 0.00
- ---------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 598,067.22
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
- -----------------------------------------------------------------
56-3987164 $64,435.07 395.74
- -----------------------------------------------------------------
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 395.74 50,115.72
X 0.00 0.00
- -------------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Oct-1999 PAGE # 1
RECORD DATE: 30-Sep-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 165,141,870.75 840,558.07 887,637.56 0.00
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80 0.00
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32 0.00
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70 0.00
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37 0.00
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48 N/A
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19 N/A
H 161505BU5 12,209,886.00 12,209,886.00 0.00 67,154.37 N/A
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58 N/A
J 161505BW1 14,244,866.00 14,244,866.00 0.00 76,263.54 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------------
TOTALS 813,992,373.00 783,134,243.75 840,558.07 4,284,512.39 0.00
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- -------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 1,728,195.63 164,301,312.68
A-2 0.00 2,145,409.80 390,074,509.00
B 0.00 179,078.32 32,559,695.00
C 0.00 268,617.48 48,839,542.00
D 0.00 246,232.70 44,769,581.00
E 0.00 67,154.37 12,209,885.00
F 0.00 268,617.48 48,839,542.00
G 0.00 33,577.19 6,104,943.00
H 0.00 67,154.37 12,209,886.00
I 0.00 44,769.58 8,139,924.00
J 0.00 76,263.54 14,244,866.00
R 0.00 0.00 0.00
LR 0.00 0.00 0.00
- -------------------------------------------------------------------------
TOTALS 0.00 5,125,070.46 782,293,685.68
- -------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
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 196,000,000.00 165,141,870.75 N/A N/A N/A 164,301,312.68
WAC Component 813,992,373.00 783,134,243.75 N/A N/A N/A 782,293,685.68
X 161505BM3 813,992,373.00 783,134,243.75 972,821.33 0.00 972,821.33 782,293,685.68
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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 4.2885615816 4.5287630371 838.2720034694 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 5.3537564189 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
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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 1.4596812% 1.45972302%
X 161505BM3 1.1951234 961.0577588 1.4906584% 1.39285857%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
- ---------------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
- ---------------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Oct-1999 PAGE # 2
RECORD DATE: 30-Sep-1999
SECTION 4.02 (a)(iii) P & I Advances 138,444.04
SECTION 4.02 (a)(iv) Servicing Compensation 60,717.44
SECTION 4.02 (a)(iv) Trustee Compensation 3,752.56
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 783,142,464.64 782,301,906.57
Reo Loans Outstanding 4,900,090.95 4,894,466.62
- ----------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 167
Aggregate Mortgage Principal Balance 782,301,906.57
Weighted Average Remaining Term to
Maturity 96.00
Weighted Average Mortgage Rate 8.16%
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 6,097,891.79
SECTION 4.02 (a)(x) Accrued Certificate Interest
- -----------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- -----------------------------------------------------------------------
A-1 887,637.56 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 972,821.33 0.00
- -----------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 840,558.07
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
- -------------------------------------------------------------------------
190000008 354,111.71 1,947.61
- -------------------------------------------------------------------------
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 2,083.22 17,950.45
X 0.00 0.00
- ------------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Oct-1999 PAGE # 1
RECORD DATE: 30-Sep-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 120,867,302.50 799,638.24 638,582.25 0.00
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64 0.00
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95 0.00
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93 0.00
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68 0.00
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.73 0.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20 N/A
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 N/A
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 N/A
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53 N/A
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A
- ---------------------------------------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 806,142,087.50 799,638.24 4,378,003.61 0.00
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- ------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 1,438,220.49 120,067,664.26
A-2 0.00 2,538,985.64 464,448,593.00
B 0.00 178,841.95 32,714,991.00
C 0.00 268,262.93 49,072,487.00
D 0.00 245,907.68 44,983,113.00
E 0.00 67,065.73 12,268,122.00
F 0.00 201,197.20 36,804,365.00
G 0.00 44,710.49 8,178,748.00
H 0.00 97,224.87 18,402,183.00
I 0.00 21,605.53 4,089,374.00
J 0.00 75,619.34 14,312,809.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- ------------------------------------------------------------------------
TOTALS 0.00 5,177,641.85 805,342,449.26
- ------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
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 817,874,785.00 806,142,087.50 480,580.10 0.00 480,580.10 805,342,449.26
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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 6.0304542986 4.8158540724 905.4876641026 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
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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>
X 161505CA8 0.5875962 984.6769506 0.7153778% 0.72008303%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Oct-1999 PAGE # 2
RECORD DATE: 30-Sep-1999
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 52,764.21
SECTION 4.02 (a)(iv) Trustee Compensation/Standby Fee 4,030.74
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 806,148,008.46 805,348,370.22
Reo Loans Outstanding #REF! #REF!
- --------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 805,348,370.22
Weighted Average Remaining Term to
Maturity 138.00
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 5,658,221.95
SECTION 4.02 (a)(x) Accrued Certificate Interest
- -----------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- -----------------------------------------------------------
A-1 638,582.25 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 480,580.10 0.00
- -----------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 799,638.24
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
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Oct-1999 PAGE # 1
RECORD DATE: 30-Sep-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 188,307,070.45 1,132,515.11 945,458.42 0.00
A-2 161505CW0 720,596,732.00 720,596,732.00 0.00 3,837,188.25 0.00
B 161505CZ3 63,406,809.00 63,406,809.00 0.00 337,641.26 0.00
C 161505DA7 69,747,490.00 69,747,490.00 0.00 371,405.38 0.00
D 161505DB5 72,917,830.00 72,917,830.00 0.00 388,287.44 0.00
E 161505DC3 19,022,043.00 19,022,043.00 0.00 101,292.38 0.00
F 161505DD1 57,068,128.00 57,068,128.00 0.00 303,877.13 N/A
G 161505DE9 12,681,362.00 12,681,362.00 0.00 67,528.25 N/A
H 161505DF6 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A
I 161505DG4 9,511,021.00 9,511,021.00 0.00 50,646.19 N/A
J 161505DH2 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A
- ----------------------------------------------------------------------------------------------------------------------------------
TOTALS 1,268,136,181.00 1,257,643,251.45 1,132,515.11 6,639,673.58 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 2,077,973.53 187,174,555.34
A-2 0.00 3,837,188.25 720,596,732.00
B 0.00 337,641.26 63,406,809.00
C 0.00 371,405.38 69,747,490.00
D 0.00 388,287.44 72,917,830.00
E 0.00 101,292.38 19,022,043.00
F 0.00 303,877.13 57,068,128.00
G 0.00 67,528.25 12,681,362.00
H 0.00 118,174.44 22,192,383.00
I 0.00 50,646.19 9,511,021.00
J 0.00 118,174.44 22,192,383.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- ------------------------------------------------------------------------------
TOTALS 0.00 7,772,188.69 1,256,510,736.34
- ------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
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 161505CY6 1,268,136,181.00 1,257,643,251.45 602,862.84 0.00 602,862.84 1,256,510,736.34
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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 161505CV2 5.69676609 4.75582708 941.52190815 0.06025000
A-2 161505CW0 0.00000000 5.32500000 1000.00000000 0.06390000
B 161505CZ3 0.00000000 5.32500000 1000.00000000 0.06390000
C 161505DA7 0.00000000 5.32488984 1000.00000000 0.06390000
D 161505DB5 0.00000000 5.32488993 1000.00000000 0.06390000
E 161505DC3 0.00000000 5.32500005 1000.00000000 0.06390000
F 161505DD1 0.00000000 5.32499997 1000.00000000 0.06390000
G 161505DE9 0.00000000 5.32499979 1000.00000000 0.06390000
H 161505DF6 0.00000000 5.32500002 1000.00000000 0.06390000
I 161505DG4 0.00000000 5.32500033 1000.00000000 0.06390000
J 161505DH2 0.00000000 5.32500002 1000.00000000 0.06390000
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
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>
X 161505CY6 0.47539282 990.83265281 0.00575231 0.00493271
- ----------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane Wallace
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Oct-1999 PAGE # 2
RECORD DATE: 30-Sep-1999
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 65,142.81
SECTION 4.02 (a)(iv) Trustee Compensation/Standby Fee 6,026.21
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 1,257,643,252.91 1,256,510,737.80
Reo Loans Outstanding #REF! #REF!
- --------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 98
Aggregate Mortgage Principal Balance 1,256,510,737.80
Weighted Average Remaining Term to
Maturity 112.00
Weighted Average Mortgage Rate 6.98%
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 8,375,051.53
SECTION 4.02 (a)(x) Accrued Certificate Interest
- -----------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- -----------------------------------------------------------
A-1 945,458.42 0.00
A-2 3,837,188.25 0.00
B 337,641.26 0.00
C 371,405.38 0.00
D 388,287.44 0.00
E 101,292.38 0.00
F 303,877.13 0.00
G 67,528.25 0.00
H 118,174.44 0.00
I 50,646.19 0.00
J 118,174.44 0.00
X 602,862.84 0.00
- -----------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 1,124,181.77
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 8,333.34
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
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
