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Previous: FIRST TRUST COMBINED SERIES 197, 485BPOS, 1999-12-30 |
Next: MICRO COMPONENT TECHNOLOGY INC, S-4/A, 1999-12-30 |
<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: December 20, 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 12/20/99, 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, Series 1998-2 and Series 1999-2 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
December 20, 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: December 30, 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
December 20, 1999.
<PAGE>
Exhibit 20.1
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
Statement to Certificateholders
December 20, 1999
<TABLE>
<CAPTION>
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 190,000,000.00 142,121,625.58 478,150.53 900,103.63 1,378,254.16 0.00 0.00 141,643,475.05
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 1,222,154.00 639,666.28 1,040.19 0.00 1,040.19 0.00 0.00 638,626.09
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 63,427.77 63,427.77 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 443,159,375.00 394,488,196.96 479,190.72 2,488,966.90 2,968,157.62 0.00 0.00 394,009,006.24
X 443,159,377.53 394,488,199.50 0.00 280,374.09 280,374.09 0.00 0.00 394,009,008.78
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 748.00855568 2.51658174 4.73738753 7.25396926 745.49197395 A1 7.600000 %
A2 161505AB8 1,000.00000000 0.00000000 6.33333337 6.33333337 1,000.00000000 A2 7.600000 %
P 161505AC6 523.39253482 0.85111205 0.00000000 0.85111205 522.54142277 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 5.72505295 5.72505295 981.01667987 H 7.600000 %
TOTALS 890.17229289 1.08130561 5.61641486 6.69772048 889.09098728
X 161505AD4 890.17229354 0.00000000 0.63267101 0.63267101 889.09098793 X 0.852874 %
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
December 20, 1999
<TABLE>
<S> <C>
Available Distribution Amount 3,248,531.71
Scheduled Principal Distribution Amount 479,190.72
Unscheduled Principal Distribution Amount 0.00
Balance Information
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 73.00
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.57 %
</TABLE>
Loans Delinquent
Group Totals
Period Number Principal Balance Percentage
0-30 days 2 16,820,942.07 4.27 %
31-60 days 0 0.00 0.00 %
61-90 days 0 0.00 0.00 %
91+ days 0 0.00 0.00 %
Total 2 16,820,942.07 4.27 %
<TABLE>
<S> <C>
Aggregate Appraised Value of REO Properties 0.00
Yield Maintenance Charges/Prepayment Premiums 0
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
December 20, 1999
Advance Summary
<TABLE>
<S> <C>
Master Servicer P&I Advances Made 195,340.21
Master Servicer Unreimbursed P&I Advances Outstanding 334,169.68
Interest Accrued & Payable to Master Servicer in Respect of Advances Made 0.00
Interest Paid to Servicer in Respect of Advances Made 0.00
Servicing Fee Breakdown
Current Period Accrued Servicing Fees 49,117.52
Less Delinquent Servicing Fees 0.00
Plus Additional Servicing Fees 0.00
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 0.00
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 49,117.52
Appraisal Reduction Amounts 0
Number of Extended or Modified Mortgage Loans 0.00
Aggregate Stated Principal Balance of Extended or Modified Mortgage Loans 0.00
Accrued Certificate Interest 0
Class Unpaid Interest Shortfall 0
Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
December 20, 1999
<TABLE>
<S> <C>
Interest Detail 0
</TABLE>
* 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.
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
Statement to Certificateholders
December 20, 1999
<TABLE>
<CAPTION>
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 39,489,499.59 228,717.01 220,483.04 449,200.05 0.00 0.00 39,260,782.58
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 33,489.60 33,489.60 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 261,954,163.00 247,465,991.59 228,717.01 1,412,181.56 1,640,898.57 0.00 0.00 247,237,274.58
X 261,954,164.00 247,465,993.25 0.00 304,026.93 304,026.93 0.00 0.00 247,237,276.24
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AN2 731.58954172 4.23725229 4.08470829 8.32196058 727.35228943 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 5.11381075 5.11381075 1,000.00000000 H 6.900000 %
TOTALS 944.69195968 0.87311844 5.39094910 6.26406754 943.81884124
X 161505AU6 944.69196241 0.00000000 1.16061117 1.16061117 943.81884397 X 1.625000 %
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
December 20, 1999
<TABLE>
<S> <C>
Available Distribution Amount 1,944,925.49
Scheduled Principal Distribution Amount 228,717.01
Unscheduled Principal Distribution Amount 0.00
Balance Information
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 73.00
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.45 %
</TABLE>
Loans Delinquent
Group Totals
Period Number Principal Balance Percentage
31-60 days 0 0.00 0.00 %
61-90 days 0 0.00 0.00 %
91+ days 0 0.00 0.00 %
Total 0 0.00 0.00 %
<TABLE>
<S> <C>
Aggregate Appraised Value of REO Properties 3,200,000.00
Yield Maintenance Charges/Prepayment Premiums 0
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
December 20, 1999
Advance Summary
<TABLE>
<S> <C>
Master Servicer P&I Advances Made 56,175.15
Master Servicer Unreimbursed P&I Advances Outstanding 303,105.91
Interest Accrued & Payable to Master Servicer in Respect of Advances Made 0.00
Interest Paid to Servicer in Respect of Advances Made 0.00
Trustee Compensation 1,773.51
Servicing Fee Breakdown
Current Period Accrued Servicing Fees 20,438.15
Less Delinquent Servicing Fees 0.00
Plus Additional Servicing Fees 0.00
Less Reductions to Servicing Fees 0.00
Plus Servicing Fees for Delinquent Payments Received 0.00
Plus Adjustments for Prior Servicing Calculation 0.00
Total Servicing Fees Collected 20,438.15
Appraisal Reduction Amounts 0
Number of Extended or Modified Mortgage Loans 0.00
Aggregate Stated Principal Balance of Extended or modified Mortgage Loans 0.00
Accrued Certificate Interest 0
Current Period Unpaid Interest Shortfalls
Distribution to Residual Certificates 0.00
Interest Detail 0
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
<S> <C> <C>
DISTRIBUTION DATE: 20-Dec-1999 PAGE # 1
RECORD DATE: 30-Nov-1999
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Certificate Certificate Principal Interest Penalties
Class Cusip# Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 62,585,904.84 606,983.96 379,166.27 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 77,949.15 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 533,774,986.00 495,760,890.84 606,983.96 3,035,575.09 0.00
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------
Collateral Support Ending
Deficit Total Principal
Class (Allocation/Reimb) Distribution Balance
- -----------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 986,150.23 61,978,920.88
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 77,949.15 13,344,374.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- -----------------------------------------------------------------------
TOTALS 0.00 3,642,559.05 495,153,906.88
- -----------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Ending
Notional Notional Interest Penalties Total Notional
Class Cusip# Balance Balance Distribution (PP/YMC) Distribution Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 100,600,000.00 62,585,904.84 N/A N/A N/A 61,978,920.88
WAC Component 533,774,986.00 495,760,890.11 N/A N/A N/A 495,153,906.15
X 161505BA9 533,774,986.00 495,760,890.84 593,909.95 0.00 593,909.95 495,153,906.88
- ------------------------------------------------------------------------------------------------------------------------------------
====================================================================================================================================
<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 6.0336377734 3.7690484095 616.0926528827 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 5.8413494645 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 1.4249477% 1.42493142%
X 161505BA9 1.1126598 927.6453934 1.4375719% 1.43744852%
- ---------------------------------------------------------------------------------------------------------------
===============================================================================================================
</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>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
<S> <C> <C>
DISTRIBUTION DATE: 20-Dec-1999 PAGE # 2
RECORD DATE: 30-Nov-1999
SECTION 4.02 (a)(iii) P & I Advances 36,623.34
SECTION 4.02 (a)(iv) Servicing Compensation 40,467.79
SECTION 4.02 (a)(iv) Trustee Compensation 2,644.06
SECTION 4.02 (a)(iv) Special Servicing Compensation 3,337.07
<CAPTION>
-----------------------------------------------------
Beginning Ending
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Balance Balance
-----------------------------------------------------
<S> <C> <C> <C> <C>
Mortgage Loans 495,760,890.11 495,153,906.15
Reo Loans
Outstanding 0.00 0.00
-----------------------------------------------------
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 495,153,906.15
Weighted Average Remaining Term to Maturity 93.00
Weighted Average Mortgage Rate 8.899%
<CAPTION>
-----------------------------------------------------
Aggr Principal
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Balance
-----------------------------------------------------
<S> <C> <C> <C> <C>
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
-----------------------------------------------------
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 4,236,469.00
<CAPTION>
-----------------------------------------------------
Accrued Cert Cert Deferred
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Interest Interest
-----------------------------------------------------
<S> <C> <C> <C> <C>
A-1 379,166.27 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 593,909.95 0.00
-----------------------------------------------------
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 606,983.96
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
<CAPTION>
-----------------------------------------------------
Appraisal Appraisal
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Number Reduct Effect Reduct Amt
-----------------------------------------------------
<S> <C> <C> <C> <C>
56-3987164 $109,168.73 670.48
<CAPTION>
-----------------------------------------------------
<S> <C> <C>
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
<CAPTION>
-----------------------------------------------------
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall Current Cumulative
Unpaid Unpaid
Interest Interest
Class Shortfall Shortfall
------------------------------------------------------
<S> <C> <C> <C> <C>
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 4,007.55 54,841.14
X 0.00 0.00
-----------------------------------------------------
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- -------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
<CAPTION>
<S> <C> <C>
DISTRIBUTION DATE: 20-Dec-1999 PAGE # 1
RECORD DATE: 30-Nov-1999
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Certificate Certificate Principal Interest Penalties
Class Cusip# Balance Balance Distribution Distribution (PP/YMC)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 163,519,156.90 863,261.06 878,915.47 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 75,958.40 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 813,992,373.00 781,511,529.90 863,261.06 4,275,485.15 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- --------------------------------------------------------------------------
Collateral Support Ending
Deficit Total Principal
Class (Allocation/Reimb) Distribution Balance
- --------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 1,742,176.53 162,655,895.84
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 75,958.40 14,244,866.00
R 0.00 0.00 0.00
LR 0.00 0.00 0.00
- --------------------------------------------------------------------------
TOTALS 0.00 5,138,746.21 780,648,268.84
- --------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Ending
Notional Notional Interest Penalties Total Notional
Class Cusip# Balance Balance Distribution (PP/YMC) Distribution Balance
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 196,000,000.00 163,519,156.90 N/A N/A N/A 162,655,895.84
WAC Component 813,992,373.00 781,511,529.90 N/A N/A N/A 780,648,268.84
X 161505BM3 813,992,373.00 781,511,529.90 970,688.09 0.00 970,688.09 780,648,268.84
- ------------------------------------------------------------------------------------------------------------------------------------
<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 4.4043931633 4.4842625936 829.8770195918 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 5.3323349091 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
- ------------------------------------------------------------------------------------------------------------
<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 1.4597436% 1.45977919%
X 161505BM3 1.1925027 959.0363433 1.4904780% 1.49034786%
- -------------------------------------------------------------------------------------------------------------
</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>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
<S> <C> <C>
DISTRIBUTION DATE: 20-Dec-1999 PAGE # 2
RECORD DATE: 30-Nov-1999
SECTION 4.02 (a)(iii) P & I Advances 181,420.80
SECTION 4.02 (a)(iv) Servicing Compensation 60,591.80
SECTION 4.02 (a)(iv) Trustee Compensation 3,744.78
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
<CAPTION>
----------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Ending
Balance Balance
-----------------------------------------------------
<S> <C> <C> <C>
Mortgage Loans 781,519,750.79 780,656,489.73
Reo Loans
Outstanding 4,889,944.96 4,884,249.60
-----------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 166
Aggregate Mortgage Principal Balance 780,656,489.73
Weighted Average Remaining Term to Maturity 94.00
Weighted Average Mortgage Rate 8.16%
-----------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Aggr Principal
Period Number 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 6,109,434.30
-----------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Accrued Cert Cert Deferred
Class Interest Interest
-----------------------------------------------------
A-1 878,915.47 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 970,688.09 0.00
-----------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 862,945.36
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 315.70
-----------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Appraisal Appraisal
Loan Number Reduct Effect Reduct Amt
-----------------------------------------------------
190000008 431,693.94 2,374.32
-----------------------------------------------------
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 Current Cumulative
Unpaid Unpaid
Interest Interest
Class Shortfall 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 2,388.37 22,500.44
X 0.00 0.00
-----------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- -------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
Page 1
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-1
Statement to Certificateholders
December 20, 1999
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 132,600,000.00 119,326,698.93 809,121.21 630,442.73 1,439,563.94 0 0 118,517,577.72
A2 464,448,593.00 464,448,593.00 0 2,538,985.64 2,538,985.64 0 0 464,448,593.00
B 32,714,991.00 32,714,991.00 0 178,841.95 178,841.95 0 0 32,714,991.00
C 49,072,487.00 49,072,487.00 0 268,262.93 268,262.93 0 0 49,072,487.00
D 44,983,113.00 44,983,113.00 0 245,907.68 245,907.68 0 0 44,983,113.00
E 12,268,122.00 12,268,122.00 0 67,065.73 67,065.73 0 0 12,268,122.00
F 36,804,365.00 36,804,365.00 0 201,197.20 201,197.20 0 0 36,804,365.00
G 8,178,748.00 8,178,748.00 0 44,710.49 44,710.49 0 0 8,178,748.00
H 18,402,183.00 18,402,183.00 0 97,224.87 97,224.87 0 0 18,402,183.00
I 4,089,374.00 4,089,374.00 0 21,605.53 21,605.53 0 0 4,089,374.00
J 14,312,809.00 14,312,809.00 0 75,619.34 75,619.34 0 0 14,312,809.00
R 0 0 0 0 0 0 0 0
TOTALS 817,874,785.00 804,601,483.93 809,121.21 4,369,864.09 5,178,985.30 0 0 803,792,362.72
X 817,874,785.00 804,601,483.93 0 479,346.66 1,288,467.87 0 0 803,792,362.72
<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 161505BX9 899.8996903 6.10196991 4.75447006 10.85643997 893.7977 A1 6.34%
A2 161505BY7 1,000.00 0 5.46666666 5.46666666 1,000.00 A2 6.56%
B 161505CB6 1,000.00 0 5.46666664 5.46666664 1,000.00 B 6.56%
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<CAPTION>
Page 2
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-1
Statement to Certificateholders
December 20, 1999
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL PASS THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR CLASS RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
C 161505CC4 1,000.00 0 5.46666669 5.46666669 1,000.00 C 6.56%
D 161505CD2 1,000.00 0 5.46666657 5.46666657 1,000.00 D 6.56%
E 161505CE0 1,000.00 0 5.46666637 5.46666637 1,000.00 E 6.56%
F 161505CF7 1,000.00 0 5.46666679 5.46666679 1,000.00 F 6.56%
G 161505CG5 1,000.00 0 5.46666678 5.46666678 1,000.00 G 6.56%
H 161505CH3 1,000.00 0 5.2833335 5.2833335 1,000.00 H 6.34%
I 161505CJ9 1,000.00 0 5.28333432 5.28333432 1,000.00 I 6.34%
J 161505CK6 1,000.00 0 5.28333327 5.28333327 1,000.00 J 6.34%
TOTALS 983.7709863 0.98929717 5.34295001 6.33224718 982.7817
X 983.7709863 0 0.58608808 1.57538525 982.7817 X 0.71%
</TABLE>
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<CAPTION>
Page 3
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-1
<S> <C> <C>
December 20, 1999
Available Funds 5,658,331.95
Principal Distribution Amount 809,121.21
Scheduled Principal Distribution Amount 809,121.21
Unscheduled Principal Distribution Amount 0
Miscellaneous Trust Fund Expenses 0
Balance Information
<CAPTION>
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
Group Totals
Principal
Period Number Balance Percentage
<C> <C> <C> <C>
31-60 days 0 0 0.00%
61-90 days 0 0 0.00%
91+days 0 0 0.00%
Total 0 0 0.00%
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<CAPTION>
Page 4
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-1
<S> <C> <C>
December 20, 1999
Prepayment Penalties
Advance Summary
Principal & Interest Advances
Current Principal & Interest Advances 0
Outstanding Principal & Interest Advances 0
Reimbursement of Interest on any P&I Advances 0
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<S> <C> <C>
Page 5
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-1
December 20, 1999
Fee Summary
Servicing Fees 49,309.38
Trustee Fees 4,023.04
Special Servicer Fee 0
Workout Fee 0
Appraisal Reduction Amounts
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<S> <C> <C>
Page 6
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1998-1
December 20, 1999
Interest Detail
</TABLE>
(Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
====================================================================================================================================
<S> <C> <C> <C>
DISTRIBUTION DATE: 20-Dec-1999 PAGE # 1
RECORD DATE: 30-Nov-1999
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Certificate Certificate Principal Interest Penalties
Class Cusip# Balance Balance Distribution Distribution (PP/YMC)
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 186,204,949.78 1,144,798.34 934,904.02 0.00
A-2 161505CW0 720,598,732.00 720,598,732.00 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 57,066,128.00 57,066,128.00 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 1,255,541,130.78 1,144,798.34 6,629,119.18 0.00
- -----------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------
Collateral Support Ending
Deficit Total Principal
Class (Allocation/Reimb) Distribution Balance
- ------------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 2,079,702.36 185,060,151.44
A-2 0.00 3,837,188.25 720,598,732.00
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 57,066,128.00
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 7,773,917.52 1,254,396,332.44
- ------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Ending
Notional Notional Interest Penalties Total Notional
Class Cusip# Balance Balance Distribution (PP/YMC) Distribution Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505CY6 1,268,136,181.00 1,255,541,130.78 601,258.33 0.00 601,258.33 1,254,396,332.44
- -----------------------------------------------------------------------------------------------------------------------------------
<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 5.75854296 4.70273652 930.88607364 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
- -------------------------------------------------------------------------------------------------------------
<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 0.47412757 989.16532091 0.00574661 0.00594307
- -------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</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
GMAC COMMERCIAL MORTGAGE CORPORATION
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- -------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
====================================================================================================================================
<S> <C> <C>
DISTRIBUTION DATE: 20-Dec-1999 PAGE # 2
RECORD DATE: 30-Nov-1999
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 65,028.67
SECTION 4.02 (a)(iv) Trustee Compensation 6,016.13
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
<CAPTION>
--------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Ending
Balance Balance
--------------------------------------------------
<S> <C> <C> <C>
Mortgage Loans 1,255,541,132.24 1,254,396,333.90
Reo Loans
Outstanding 0.00 0.00
--------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 98
Aggregate Mortgage Principal Balance 1,254,396,333.90
Weighted Average Remaining Term to Maturity 112.00
Weighted Average Mortgage Rate 6.98%
--------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Aggr Principal
Period Number 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 8,375,175.85
--------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Accrued Cert Cert Deferred
Class Interest Interest
--------------------------------------------------
A-1 934,904.02 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 601,258.33 0.00
--------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 1,136,465.00
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 8,333.34
--------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Appraisal Appraisal
Number Reduct Effect 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 Current Cumulative
Unpaid Unpaid
Interest Interest
Class Shortfall 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>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------
<PAGE>
Page 1
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
Statement to Certificateholders
December 17 1999
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 105,920,000.00 105,920,000.00 568,633.04 620,691.20 1,189,324.24 0.00 0.00 105,351,366.96
A1 105,920,000.00 105,920,000.00 568,633.04 620,691.20 1,189,324.24 0.00 0.00 105,351,366.96
A2 469,330,397.00 469,330,397.00 0.00 2,815,200.16 2,815,200.16 0.00 0.00 469,330,397.00
A2 469,330,397.00 469,330,397.00 0.00 2,815,200.16 2,815,200.16 0.00 0.00 469,330,397.00
B 41,089,314.00 41,089,314.00 0.00 251,432.36 251,432.36 0.00 0.00 41,089,314.00
B 41,089,314.00 41,089,314.00 0.00 251,432.36 251,432.36 0.00 0.00 41,089,314.00
C 37,176,046.00 37,176,046.00 0.00 232,938.91 232,938.91 0.00 0.00 37,176,046.00
C 37,176,046.00 37,176,046.00 0.00 232,938.91 232,938.91 0.00 0.00 37,176,046.00
D 11,739,804.00 11,739,804.00 0.00 75,663.04 75,663.04 0.00 0.00 11,739,804.00
D 11,739,804.00 11,739,804.00 0.00 75,663.04 75,663.04 0.00 0.00 11,739,804.00
E 27,392,876.00 27,392,876.00 0.00 176,547.09 176,547.09 0.00 0.00 27,392,876.00
E 27,392,876.00 27,392,876.00 0.00 176,547.09 176,547.09 0.00 0.00 27,392,876.00
F 11,739,804.00 11,739,804.00 0.00 75,663.04 75,663.04 0.00 0.00 11,739,804.00
F 11,739,804.00 11,739,804.00 0.00 75,663.04 75,663.04 0.00 0.00 11,739,804.00
G 27,392,876.00 27,392,876.00 0.00 148,378.08 148,378.08 0.00 0.00 27,392,876.00
G 27,392,876.00 27,392,876.00 0.00 148,378.08 148,378.08 0.00 0.00 27,392,876.00
H 7,826,536.00 7,826,536.00 0.00 42,393.74 42,393.74 0.00 0.00 7,826,536.00
H 7,826,536.00 7,826,536.00 0.00 42,393.74 42,393.74 0.00 0.00 7,826,536.00
I 6,848,219.00 6,848,219.00 0.00 37,094.52 37,094.52 0.00 0.00 6,848,219.00
I 6,848,219.00 6,848,219.00 0.00 37,094.52 37,094.52 0.00 0.00 6,848,219.00
J 8,804,853.00 8,804,853.00 0.00 47,692.95 47,692.95 0.00 0.00 8,804,853.00
J 8,804,853.00 8,804,853.00 0.00 47,692.95 47,692.95 0.00 0.00 8,804,853.00
K 6,848,219.00 6,848,219.00 0.00 37,094.52 37,094.52 0.00 0.00 6,848,219.00
K 6,848,219.00 6,848,219.00 0.00 37,094.52 37,094.52 0.00 0.00 6,848,219.00
L 5,869,902.00 5,869,902.00 0.00 31,795.30 31,795.30 0.00 0.00 5,869,902.00
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 2
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
Statement to Certificateholders
December 17 1999
<TABLE>
<CAPTION>
DISTRIBUTION IN DOLLARS
ORIGINAL PRIOR CURRENT
FACE PRINCIPAL REALIZED DEFERRED PRINCIPAL
CLASS VALUE BALANCE PRINCIPAL INTEREST TOTAL LOSES INTEREST BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
L 5,869,902.00 5,869,902.00 0.00 31,795.30 31,795.30 0.00 0.00 5,869,902.00
M 14,674,755.00 14,674,755.00 0.00 79,488.26 79,488.26 0.00 0.00 14,674,755.00
M 14,674,755.00 14,674,755.00 0.00 79,488.26 79,488.26 0.00 0.00 14,674,755.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
S 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
TOTALS 1,565,307,202.00 1,565,307,202.00 1,137,266.080 9,344,146.34 10,481,412.42 0.00 0.00 1,564,169,935.92
X 782,653,601.00 782,653,601.00 0.00 592,089.10 1,160,722.14 0.00 0.00 782,084,967.96
X 782,653,601.00 782,653,601.00 0.00 592,089.10 1,160,722.14 0.00 0.00 782,084,967.96
</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 161505DJ8 1,000.00000000 5.36851435 5.86000000 11.22851435 994.63148565 A1 7.032000 %
A1 161505DJ8 1,000.00000000 5.36851435 5.86000000 11.22851435 994.63148565 A1 7.032000 %
A2 161505DK5 1,000.00000000 .00000000 5.99833332 5.99833332 1,000.00000000 A2 7.198000 %
A2 161505DK5 1,000.00000000 .00000000 5.99833332 5.99833332 1,000.00000000 A2 7.198000 %
B 161505DM1 1,000.00000000 .00000000 6.11916665 6.11916665 1,000.00000000 B 7.343000 %
B 161505DM1 1,000.00000000 .00000000 6.11916665 6.11916665 1,000.00000000 B 7.343000 %
C 161505DN9 1,000.00000000 .00000000 6.26583338 6.26583338 1,000.00000000 C 7.519000 %
C 161505DN9 1,000.00000000 .00000000 6.26583338 6.26583338 1,000.00000000 C 7.519000 %
D 161505DP4 1,000.00000000 .00000000 6.44500027 6.44500027 1,000.00000000 D 7.734000 %
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 3
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
Statement to Certificateholders
December 17 1999
<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>
D 161505DP4 1,000.00000000 .00000000 6.44500027 6.44500027 1,000.00000000 D 7.734000 %
E 161505DQ2 1,000.00000000 .00000000 6.44500015 6.44500015 1,000.00000000 E 7.734000 %
E 161505DQ2 1,000.00000000 .00000000 6.44500015 6.44500015 1,000.00000000 E 7.734000 %
F 161505DR0 1,000.00000000 .00000000 6.44500027 6.44500027 1,000.00000000 F 7.734000 %
F 161505DR0 1,000.00000000 .00000000 6.44500027 6.44500027 1,000.00000000 F 7.734000 %
G 161505DS8 1,000.00000000 .00000000 5.41666673 5.41666673 1,000.00000000 G 6.500000 %
G 161505DS8 1,000.00000000 .00000000 5.41666673 5.41666673 1,000.00000000 G 6.500000 %
H 161505DT6 1,000.00000000 .00000000 5.41666709 5.41666709 1,000.00000000 H 6.500000 %
H 161505DT6 1,000.00000000 .00000000 5.41666709 5.41666709 1,000.00000000 H 6.500000 %
I 161505DU3 1,000.00000000 .00000000 5.41666673 5.41666673 1,000.00000000 I 6.500000 %
I 161505DU3 1,000.00000000 .00000000 5.41666673 5.41666673 1,000.00000000 I 6.500000 %
J 161505DV1 1,000.00000000 .00000000 5.41666624 5.41666624 1,000.00000000 J 6.500000 %
J 161505DV1 1,000.00000000 .00000000 5.41666624 5.41666624 1,000.00000000 J 6.500000 %
K 161505DW9 1,000.00000000 .00000000 5.41666673 5.41666673 1,000.00000000 K 6.500000 %
K 161505DW9 1,000.00000000 .00000000 5.41666673 5.41666673 1,000.00000000 K 6.500000 %
L 161505DX7 1,000.00000000 .00000000 5.41666624 5.41666624 1,000.00000000 L 6.500000 %
L 161505DX7 1,000.00000000 .00000000 5.41666624 5.41666624 1,000.00000000 L 6.500000 %
M 161505DY5 1,000.00000000 .00000000 5.41666692 5.41666692 1,000.00000000 M 6.500000 %
M 161505DY5 1,000.00000000 .00000000 5.41666692 5.41666692 1,000.00000000 M 6.500000 %
TOTALS 1,000.00000000 .72654497 5.96952875 6.69607372 999.27345503
X 161505DL3 1,000.00000000 .00000000 .75651489 1.48305986 999.27345503 X .907818 %
X 161505DL3 1,000.00000000 .00000000 .75651489 1.48305986 999.27345503 X .907818 %
</TABLE>
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 4
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
Statement to Certificateholders
December 17 1999
IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 5
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
December 17 1999
Available Funds 5,832,795.30
Principal Distribution Amount 568,633.04
Scheduled Principal Distribution Amount 568,632.99
Unscheduled Principal Distribution Amount 0.05
Miscellaneous Trust Fund Expenses 0.00
Balance Information
Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
Group Totals
Principal
Period Number Balance Percentage
31-60 days 0 .00 .00 %
61-90 days 0 .00 .00 %
91+days 0 .00 .00 %
Total 0 .00 .00 %
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 6
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
December 17 1999
Prepayment Penalties
Advance Summary
Principal & Interest Advances
Current Principal & Interest Advances 40,653.87
Outstanding Principal & Interest Advances 40,653.88
Reimbursement of Interest on any P&I Advances 0.00
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Page 7
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through
Certificates Series 1999-2
December 17 1999
Fee Summary
Servicing Fees 40,332.94
Trustee Fees 1,043.54
Special Servicer Fee 0.00
Workout Fee 0.00
Appraisal Reduction Amounts
(C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
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