<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: August 19, 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 File Number) (IRS Employer
of incorporation) 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 8/18/99 and 8/19/99, 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 August 18 and 19, 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: September 1, 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
August 18 and 19, 1999.
<PAGE>
<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1996-1
Statement to Certificateholders
August 18, 1999
DISTRIBUTION IN DOLLARS
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 190,000,000.00 152,722,975.06 9,187,220.63 1,790,599.26 10,977,819.89 0.00 0.00 143,535,754.43
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 1,222,154.00 643,765.76 1,015.75 0.00 1,015.75 0.00 0.00 642,750.01
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 68,834.92 68,834.92 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 443,159,375.00 405,093,645.92 9,188,236.38 3,384,869.68 12,573,106.06 0.00 0.00 395,905,409.54
X 443,159,377.53 405,093,648.46 0.00 798,542.36 798,542.36 0.00 0.00 395,905,412.08
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE
PRIOR CURRENT PASS-THROUGH RATES
PRINCIPAL PRINCIPAL CURRENT
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS PASS-THRU
RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 803.80513189 48.35379279 9.42420663 57.77799942 755.45133911
A2 161505AB8 1,000.00000000 0.00000000 6.33333337 6.33333337 1,000.00000000 A1 7.600000 %
P 161505AC6 526.74684205 0.83111457 0.00000000 0.83111457 525.91572748 A2 7.600000 %
B 161505AE2 1,000.00000000 0.00000000 6.33333350 6.33333350 1,000.00000000 P 0.000000 %
C 161505AF9 1,000.00000000 0.00000000 6.33333317 6.33333317 1,000.00000000 B 7.600000 %
D 161505AG7 1,000.00000000 0.00000000 6.33333329 6.33333329 1,000.00000000 C 7.600000 %
E 161505AH5 1,000.00000000 0.00000000 6.33333345 6.33333345 1,000.00000000 D 7.600000 %
F 161505AJ1 1,000.00000000 0.00000000 6.33333314 6.33333314 1,000.00000000 E 7.600000 %
G 161505AK8 1,000.00000000 0.00000000 6.33333324 6.33333324 1,000.00000000 F 7.600000 %
H 161505AL6 981.01667987 0.00000000 6.21310763 6.21310763 981.01667987 G 7.600000 %
TOTALS 914.10374861 20.73348077 7.63804146 28.37152223 893.37026784 H 7.600000 %
X 161505AD4 914.10374912 0.00000000 1.80193041 1.80193041 893.37026847 X 0.857083 %
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1996-1
August 18, 1999
<S> <C> <C>
Sec. 4.02(a)(iii) Aggregate P&I Advances 18,846.74
Sec. 4.02(a)(iv) Servicing Compensation 44,704.54
Sec. 4.02(a)(v) Aggregate Stated Principal Balance 0
printaggbaltype1
Sec. 4.02(a)(vi) Number of Mortgage Loans Outstanding for Related Due Period 84
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Aggregate Principal Balance of Mortgage Loans Outstanding 395,905,412.08
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 77.00
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 12,039,084.55
Sec. 4.02(a)(x) Accrued Certificate Interest 0
printacccertinttype3
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1996-1
August 18, 1999
<CAPTION>
<S> <C> <C>
Sec. 4.02(a)(xi) Yield Maintenance Charges/Prepayment Premiums 0
printppymctype1
Sec. 4.02(a)(xiii) Scheduled Principal Distribution Amount 465,698.40
Unscheduled Principal Distribution Amount 8,722,537.98
Sec. 4.02(a)(xvi) Appraisal Reduction Amounts 0
printappraisalredtype1
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
printunpaidintsftype1
Sec. 4.02(a)(xix): Distribution to Residual Certificates 0.00
</TABLE>
[Image] (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.
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 2
<PAGE>
<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1996-2
Statement to Certificateholders
July 19, 1999
DISTRIBUTION IN DOLLARS
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 53,977,671.00 42,229,769.51 175,464.26 235,782.88 411,247.14 0.00 0.00 42,054,305.25
A2 128,080,472.00 128,080,472.00 0.00 736,462.71 736,462.71 0.00 0.00 128,080,472.00
B 17,027,021.00 17,027,021.00 0.00 97,905.37 97,905.37 0.00 0.00 17,027,021.00
C 15,717,250.00 15,717,250.00 0.00 90,374.19 90,374.19 0.00 0.00 15,717,250.00
D 13,097,708.00 13,097,708.00 0.00 75,311.82 75,311.82 0.00 0.00 13,097,708.00
E 5,239,083.00 5,239,083.00 0.00 30,124.73 30,124.73 0.00 0.00 5,239,083.00
F 13,097,708.00 13,097,708.00 0.00 75,311.82 75,311.82 0.00 0.00 13,097,708.00
G 9,168,396.00 9,168,396.00 0.00 52,718.28 52,718.28 0.00 0.00 9,168,396.00
H 6,548,854.00 6,548,854.00 0.00 34,607.75 34,607.75 0.00 0.00 6,548,854.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 261,954,163.00 250,206,261.51 175,464.26 1,428,599.55 1,604,063.81 0.00 0.00 250,030,797.25
X 261,954,164.00 250,206,263.17 0.00 308,579.00 308,579.00 0.00 0.00 250,030,798.91
<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 161505AN2 782.35627302 3.25068231 4.36815586 7.61883817 779.10559072 A1 6.700000 %
A2 161505AP7 1,000.00000000 0.00000000 5.74999997 5.74999997 1,000.00000000 A2 6.900000 %
B 161505AQ5 1,000.00000000 0.00000000 5.74999996 5.74999996 1,000.00000000 B 6.900000 %
C 161505AR3 1,000.00000000 0.00000000 5.75000016 5.75000016 1,000.00000000 C 6.900000 %
D 161505AS1 1,000.00000000 0.00000000 5.74999992 5.74999992 1,000.00000000 D 6.900000 %
E 161505AT9 1,000.00000000 0.00000000 5.75000052 5.75000052 1,000.00000000 E 6.900000 %
F 161505AV4 1,000.00000000 0.00000000 5.74999992 5.74999992 1,000.00000000 F 6.900000 %
G 161505AW2 1,000.00000000 0.00000000 5.75000033 5.75000033 1,000.00000000 G 6.900000 %
H 161505AX0 1,000.00000000 0.00000000 5.28455055 5.28455055 1,000.00000000 H 6.900000 %
TOTALS 955.15283531 0.66982810 5.45362415 6.12345225 954.48300720
X 161505AU6 955.15283800 0.00000000 1.17798853 1.17798853 954.48300990 X 1.625000 %
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1996-2
July 19, 1999
<S> <C> <C>
Sec. 4.02(a)(iii): Aggregate P&I Advances 117,616.57
Sec. 4.02(a)(iv): Servicing Compensation 20,638.36
Sec. 4.02(a)(iv): Trustee Compensation 1,793.14
Sec. 4.02(a)(v): Aggregate Stated Principal Balance:
printaggbaltype1
Sec. 4.02(a)(vi): Number of Mortgage Loans Outstanding for Related Due Period 93.00
</TABLE>
Page 1
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Aggregate Principal Balance of Mortgage Loans Outstanding 250,030,798.89
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 78.00
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.45378
Sec. 4.02(a)(viii): 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 %
Loans in Foreclosure
Group Totals
Number Principal Balance Percentage
0 0.00 0.00 %
Sec. 4.02(a)(viii): Aggregate Appraised Value of REO Properties 4,150,000.00
Sec. 4.02(a)(ix): Available Distribution Amount 1,912,642.81
Sec. 4.02(a)(x): Class A-1 Accrued Certificate Interest 235,782.88
Class A-2 Accrued Certificate Interest 736,462.71
Class B Accrued Certificate Interest 97,905.37
Class C Accrued Certificate Interest 90,374.19
Class D Accrued Certificate Interest 75,311.82
Class E Accrued Certificate Interest 30,124.73
Class F Accrued Certificate Interest 75,311.82
Class G Accrued Certificate Interest 52,718.28
Class H Accrued Certificate Interest 37,655.91
Class X Accrued Certificate Interest 308,579.00
Aggregate Certificate Deferred Interest 0.00
Class A-1 Certificate Deferred Interest 0.00
Class A-2 Certificate Deferred Interest 0.00
Class B Certificate Deferred Interest 0.00
Class C Certificate Deferred Interest 0.00
Class D Certificate Deferred Interest 0.00
</TABLE>
Page 2
<PAGE>
<TABLE>
<CAPTION>
<S> <C> <C>
Class E Certificate Deferred Interest 0.00
Class F Certificate Deferred Interest 0.00
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1996-2
July 19, 1999
<S> <C> <C>
Class G Certificate Deferred Interest 0.00
Class H Certificate Deferred Interest 0.00
Sec. 4.02(a)(xiii): Scheduled Principal Distribution Amount 175,464.26
Unscheduled Principal Distribution Amount 0.00
Sec. 4.02(a)(xvi): Total Appraisal Reduction Amounts for Current Distribution Date 2,103.02
Sec. 4.02(a)(xvii): Number of Extended or Modified Mortgage Loans 0.00
Sec. 0.00
4.02(a)(xvii): Aggregate Stated Principal Balance of Extended or Modified Mortgage Loans
Sec. 4.02(a)(xviii): Remaining Class A-1 Unpaid Interest Shortfall 0.00
Remaining Class A-2 Unpaid Interest Shortfall 0.00
Remaining Class B Unpaid Interest Shortfall 0.00
Remaining Class C Unpaid Interest Shortfall 0.00
Remaining Class D Unpaid Interest Shortfall 0.00
Remaining Class E Unpaid Interest Shortfall 0.00
Remaining Class F Unpaid Interest Shortfall 0.00
Remaining Class G Unpaid Interest Shortfall 0.00
Remaining Class H Unpaid Interest Shortfall 75,723.72
Remaining Class X Unpaid Interest Shortfall 0.00
Sec. 4.02(a)(xx): Distribution to Residual Certificates 0.00
</TABLE>
[Image] (C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
Page 3
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Aug-1999 PAGE # 1
RECORD DATE: 30-Jul-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Support
Original Beginning Prepayment Deficit Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties (Allocation/ Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) Reimb) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 64,969,420.94 589,281.61 393,606.41 0.00 0.00 982,888.02 64,380,139.33
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 74,083.27 N/A 0.00 74,083.27 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 533,774,986.00 498,144,406.94 589,281.61 3,046,149.35 0.00 0.00 3,635,430.96 497,555,125.33
- ------------------------------------------------------------------------------------------------------------------------------------
</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 64,969,420.94 N/A N/A N/A 64,380,139.33
WAC Component 533,774,986.00 498,144,406.21 N/A N/A N/A 497,555,124.60
X 161505BA9 533,774,986.00 498,144,406.94 596,964.76 0.00 596,964.76 497,555,125.33
- ------------------------------------------------------------------------------------------------------------------------------------
</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 5.8576700795 3.9125885686 639.9616235586 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 5.5516481952 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
- ---------------------------------------------------------------------------------------------------------------
</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 0.1000000% 0.10000000%
WAC Component N/A N/A 1.4250101% 1.42499484%
X 161505BA9 1.1183828 932.1439528 1.4380523% 1.43793414%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Aug-1999 PAGE # 2
RECORD DATE: 30-Jul-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 97,828.85
SECTION 4.02 (a)(iv) Servicing Compensation 40,662.48
SECTION 4.02 (a)(iv) Trustee Compensation 2,656.77
SECTION 4.02 (a)(iv) Special Servicing Compensation 2,882.04
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
------------------------------------------------------------------------------------
Beginning Balance Ending Balance
------------------------------------------------------------------------------------
Mortgage Loans 498,144,406.21 497,555,124.60
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 497,555,124.60
Weighted Average Remaining Term to Maturity 97.00
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 1,704,549.26
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 4,232,395.72
SECTION 4.02 (a)(x) Accrued Certificate Interest
------------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------------------------------
A-1 393,606.41 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 596,964.76 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 589,281.61
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 7,873.43 49,719.98
X 0.00 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Aug-1999 PAGE # 1
RECORD DATE: 30-Jul-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Support
Original Beginning Prepayment Deficit Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties (Allocation/ Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) Reimb) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 166,679,359.64 766,396.87 895,901.56 0.00 0.00 1,662,298.43 165,912,962.77
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 76,609.83 N/A 0.00 76,609.83 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 813,992,373.00 784,671,732.64 766,396.87 4,293,122.68 0.00 0.00 5,059,519.55 783,905,335.77
- ------------------------------------------------------------------------------------------------------------------------------------
</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 196,000,000.00 166,679,359.64 N/A N/A N/A 165,912,962.77
WAC Component 813,992,373.00 784,671,732.64 N/A N/A N/A 783,905,335.77
X 161505BM3 813,992,373.00 784,671,732.64 1,038,591.78 0.00 1,038,591.78 783,905,335.77
- ------------------------------------------------------------------------------------------------------------------------------------
</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 3.9101881122 4.5709263167 846.4947080102 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 5.3780660484 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 1.5563721% 1.45963972%
X 161505BM3 1.2759232 963.0376915 1.5883204% 1.49135610%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Aug-1999 PAGE # 2
RECORD DATE: 30-Jul-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 176,819.38
SECTION 4.02 (a)(iv) Servicing Compensation 60,836.83
SECTION 4.02 (a)(iv) Trustee Compensation 3,759.92
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 784,679,953.53 783,913,556.66
Reo Loans Outstanding 4,908,956.60 4,904,539.75
------------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 167
Aggregate Mortgage Principal Balance 783,913,556.66
Weighted Average Remaining Term to Maturity 99.00
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 6,098,111.33
SECTION 4.02 (a)(x) Accrued Certificate Interest
------------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------------------------------
A-1 895,901.56 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 1,038,591.78 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 766,396.87
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 271,411.66 1,492.76
------------------------------------------------------------------------------------
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 1,736.93 14,027.60
X 0.00 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 18-Aug-1999 PAGE # 1
RECORD DATE: 31-Jul-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Support
Original Beginning Prepayment Deficit Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties (Allocation/ Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) Reimb) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 122,301,820.17 715,036.37 646,161.28 0.00 0.00 1,361,197.65 121,586,783.80
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 817,874,785.00 807,576,605.17 715,036.37 4,385,582.64 0.00 0.00 5,100,619.01 806,861,568.80
- ------------------------------------------------------------------------------------------------------------------------------------
</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 817,874,785.00 807,576,605.17 556,316.90 0.00 556,316.90 806,861,568.80
- ------------------------------------------------------------------------------------------------------------------------------------
</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 5.3924311463 4.8730111614 916.9440708899 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 0.6801981 986.5343493 0.8266464% 0.72050171%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 18-Aug-1999 PAGE # 2
RECORD DATE: 31-Jul-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 49,494.74
SECTION 4.02 (a)(iv) Trustee Compensation 4,037.92
SECTION 4.02 (a)(iv) Special Servicing Compensation 3,364.93
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
------------------------------------------------------------------------------------
Beginning Balance Ending Balance
------------------------------------------------------------------------------------
Mortgage Loans 807,582,526.13 806,867,489.76
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 806,867,489.76
Weighted Average Remaining Term to Maturity 140.00
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 5,656,935.91
SECTION 4.02 (a)(x) Accrued Certificate Interest
------------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------------------------------
A-1 646,161.28 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 556,316.90 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 715,036.37
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
</TABLE>
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 18-Aug-1999 PAGE # 1
RECORD DATE: 31-Jul-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Support
Original Beginning Prepayment Deficit Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties (Allocation/ Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) Reimb) Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 190,209,905.05 948,568.26 955,012.23 0.00 0.00 1,903,580.49 189,261,336.79
A-2 161505CW0 720,598,732.00 720,598,732.00 0.00 3,837,188.25 0.00 0.00 3,837,188.25 720,598,732.00
B 161505CZ3 63,406,809.00 63,406,809.00 0.00 337,641.26 0.00 0.00 337,641.26 63,406,809.00
C 161505DA7 69,747,490.00 69,747,490.00 0.00 371,405.38 0.00 0.00 371,405.38 69,747,490.00
D 161505DB5 72,917,830.00 72,917,830.00 0.00 388,287.44 0.00 0.00 388,287.44 72,917,830.00
E 161505DC3 19,022,043.00 19,022,043.00 0.00 101,292.38 0.00 0.00 101,292.38 19,022,043.00
F 161505DD1 57,066,128.00 57,066,128.00 0.00 303,877.13 N/A 0.00 303,877.13 57,066,128.00
G 161505DE9 12,681,362.00 12,681,362.00 0.00 67,528.25 N/A 0.00 67,528.25 12,681,362.00
H 161505DF6 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A 0.00 118,174.44 22,192,383.00
I 161505DG4 9,511,021.00 9,511,021.00 0.00 50,646.19 N/A 0.00 50,646.19 9,511,021.00
J 161505DH2 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A 0.00 118,174.44 22,192,383.00
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 1,268,136,181.00 1,259,546,086.05 948,568.26 6,649,227.39 0.00 0.00 7,597,795.65 1,258,597,517.79
- ------------------------------------------------------------------------------------------------------------------------------------
</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 1,259,546,086.05 800,582.95 0.00 800,582.95 1,258,597,517.79
- ------------------------------------------------------------------------------------------------------------------------------------
</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 4.77147012 4.80388446 952.01879673 0.06025000
A-2 161505CW0 0.00000000 5.32500000 1000.00000000 0.06390000
B 161505CZ3 0.00000000 5.32500003 1000.00000000 0.06390000
C 161505DA7 0.00000000 5.32499994 1000.00000000 0.06390000
D 161505DB5 0.00000000 5.32499993 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 0.63130676 992.47820277 0.00762735 0.00595473
- -------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 18-Aug-1999 PAGE # 2
RECORD DATE: 31-Jul-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 59,998.55
SECTION 4.02 (a)(iv) Trustee Compensation 6,035.33
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 1,259,546,087.53 1,258,597,519.27
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 98
Aggregate Mortgage Principal Balance 1,258,597,519.27
Weighted Average Remaining Term to Maturity 116.00
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 8,398,378.60
SECTION 4.02 (a)(x) Accrued Certificate Interest
------------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------------------------------
A-1 955,012.23 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 800,582.95 0.00
------------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 940,234.92
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
</TABLE>
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
