<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: July 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 7/19/99, 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
July 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: August 3, 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
July 19, 1999.
<PAGE>
- --------------------------------------------------------------------------------
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1996-1
Statement to Certificateholders
July 19, 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 190,000,000.00 153,196,299.05 473,323.99 970,243.23 1,443,567.22 0.00 0.00 152,722,975.06
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 1,222,154.00 644,775.48 1,009.72 0.00 1,009.72 0.00 0.00 643,765.76
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 68,834.90 68,834.90 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 443,159,375.00 405,567,979.63 474,333.71 2,564,513.63 3,038,847.34 0.00 0.00 405,093,645.92
- ------------------------------------------------------------------------------------------------------------------------------
X 443,159,377.53 405,567,982.17 0.00 289,681.77 289,681.77 0.00 0.00 405,093,648.46
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<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 806.29631079 2.49117889 5.10654332 7.59772221 803.80513189 A1 7.600000 %
A2 161505AB8 1,000.00000000 0.00000000 6.33333337 6.33333337 1,000.00000000 A2 7.600000 %
P 161505AC6 527.57302271 0.82618066 0.00000000 0.82618066 526.74684205 P 0.000000 %
B 161505AE2 1,000.00000000 0.00000000 6.33333350 6.33333350 1,000.00000000 B 7.600000 %
C 161505AF9 1,000.00000000 0.00000000 6.33333317 6.33333317 1,000.00000000 C 7.600000 %
D 161505AG7 1,000.00000000 0.00000000 6.33333329 6.33333329 1,000.00000000 D 7.600000 %
E 161505AH5 1,000.00000000 0.00000000 6.33333345 6.33333345 1,000.00000000 E 7.600000 %
F 161505AJ1 1,000.00000000 0.00000000 6.33333314 6.33333314 1,000.00000000 F 7.600000 %
G 161505AK8 1,000.00000000 0.00000000 6.33333324 6.33333324 1,000.00000000 G 7.600000 %
H 161505AL6 981.01667987 0.00000000 6.21310582 6.21310582 981.01667987 H 7.600000 %
- ------------------------------------------------------------------------------------------------- --------------------
TOTALS 915.17409426 1.07034565 5.78688791 6.85723356 914.10374861
- ------------------------------------------------------------------------------------------------- --------------------
X 161505AD4 915.17409477 0.00000000 0.65367402 0.65367402 914.10374912 X 0.857114 %
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1996-1
July 19, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Sec. 4.02(a)(iii): Aggregate P&I Advances 68,123.69
Sec. 4.02(a)(iv): Servicing Compensation 44,757.41
Sec. 4.02(a)(v) Beginning Aggregate Stated Principal Balance of Mortgage Loans 405,567,982.17
Ending Aggregate Stated Principal Balance of Mortgage Loans 405,093,648.46
Beginning Aggregate Stated Principal Balance of REO Loans 0.00
Ending Aggregate Stated Principal Balance of REO Loans 0.00
Sec. 4.02(a)(vi): Number of Mortgage Loans Outstanding for Related Due Period 85.00
Aggregate Principal Balance of Mortgage Loans Outstanding 405,093,648.46
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 78.00
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.57746060%
</TABLE>
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 %
Foreclosures
--------------------------------------------------------
Group Totals
--------------------------------------------------------
Number Principal Balance Percentage
0 0.00 0.00 %
REO
--------------------------------------------------------
Group Totals
--------------------------------------------------------
Number Principal Balance Percentage
0 0.00 0.00 %
<TABLE>
<CAPTION>
<S> <C> <C>
Sec. 4.02(a)(viii): Aggregate Appraised Value of REO Properties 0.00
Sec. 4.02(a)(ix) Available Distribution Amount 3,328,529.09
Sec. 4.02(a)(x): Class A-1 Accrued Certificate Interest 970,243.23
Class A-2 Accrued Certificate Interest 781,666.35
Class B Accrued Certificate Interest 168,400.57
Class C Accrued Certificate Interest 140,333.80
Class D Accrued Certificate Interest 98,233.66
</TABLE>
- --------------------------------------------------------------------------------
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1996-1
July 19, 1999
- --------------------------------------------------------------------------------
<TABLE>
<S> <C> <C>
Class E Accrued Certificate Interest 70,166.90
Class F Accrued Certificate Interest 154,367.18
Class G Accrued Certificate Interest 112,267.04
Class H Accrued Certificate Interest 68,834.90
Class X Accrued Certificate Interest 289,681.77
Sec. 4.02(a)(xi): Class A-1 Prepayment Premium Receipts 0.00
Class A-2 Prepayment Premium Receipts 0.00
Class B Prepayment Premium Receipts 0.00
Class C Prepayment Premium Receipts 0.00
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1996-1
July 19, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Class D Prepayment Premium Receipts 0.00
Class E Prepayment Premium Receipts 0.00
Class X Prepayment Premium Receipts 0.00
Class A-1 Yield Maintenance Charge Receipts 0.00
Class A-2 Yield Maintenance Charge Receipts 0.00
Class B Yield Maintenance Charge Receipts 0.00
Class C Yield Maintenance Charge Receipts 0.00
Class D Yield Maintenance Charge Receipts 0.00
Class E Yield Maintenance Charge Receipts 0.00
Class X Yield Maintenance Charge Receipts 0.00
Sec. 4.02(a)(xiii): Scheduled Principal Distribution Amount 474,333.71
Unscheduled Principal Distribution Amount 0.00
Sec. 4.02(a)(xvi): Total Appraisal Reductions for Current Distribution Date 0.00
Total Appraisal Reduction Amounts for Current Distribution Date 0.00
Sec. 4.02(a)(xvii): Number of Extended or Modified Mortgage Loans 0.00
Aggregate Stated Principal Balance of Extended or Modified Mortgage Loans 0.00
Sec. 4.02(a)(xviii): Current Period Class A-1 Unpaid Interest Shortfall 0.00
Current Period Class A-2 Unpaid Interest Shortfall 0.00
</TABLE>
- --------------------------------------------------------------------------------
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certificates
Series 1996-1
July 19, 1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C>
Current Period Class B Unpaid Interest Shortfall 0.00
Current Period Class C Unpaid Interest Shortfall 0.00
Current Period Class D Unpaid Interest Shortfall 0.00
Current Period Class E Unpaid Interest Shortfall 0.00
Current Period Class F Unpaid Interest Shortfall 0.00
Current Period Class G Unpaid Interest Shortfall 0.00
Current Period Class H Unpaid Interest Shortfall 0.00
Current Period Class X Unpaid Interest Shortfall 0.00
Sec. 4.02(a)(xviii): Remaining Class A-1 Unpaid Interest Shortfall 0.00
Cumulative Class A-2 Unpaid Interest Shortfall 0.00
Cumulative Class B Unpaid Interest Shortfall 0.00
Cumulative Class C Unpaid Interest Shortfall 0.00
Cumulative Class D Unpaid Interest Shortfall 0.00
Cumulative Class E Unpaid Interest Shortfall 0.00
Cumulative Class F Unpaid Interest Shortfall 0.00
Cumulative Class G Unpaid Interest Shortfall 0.00
Cumulative Class H Unpaid Interest Shortfall 100,746.73
Cumulative Class X Unpaid Interest Shortfall 0.00
Sec. 4.02(a)(xix): Distribution to Residual Certificates 0.00
</TABLE>
[Image] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
* 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] (Copyright) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
CERTIFICATE DISTRIBUTION DETAIL
- --------------------------------------------------------------------------------
DIST DATE: 19-JUL-1999
RECORD DATE: 30-JUN-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
DISTRIBUTION IN DOLLARS
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING REALIZED LOSSES/ ENDING
CLASS CUSIP# FACE VALUE PRINCIPAL BALANCE INTEREST PRINCIPAL TOTAL TRUST EXPENSES PRINCIPAL BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AN2 53,977,671.00 42,229,769.51 235,782.88 175,464.26 411,247.14 0.00 42,054,305.25
A2 161505AP7 128,080,472.00 128,080,472.00 736,462.71 0.00 736,462.71 0.00 128,080,472.00
B 161505AQ5 17,027,021.00 17,027,021.00 97,905.37 0.00 97,905.37 0.00 17,027,021.00
C 161505AR3 15,717,250.00 15,717,250.00 90,374.19 0.00 90,374.19 0.00 15,717,250.00
D 161505AS1 13,097,708.00 13,097,708.00 75,311.82 0.00 75,311.82 0.00 13,097,708.00
E 161505AT9 5,239,083.00 5,239,083.00 30,124.73 0.00 30,124.73 0.00 5,239,083.00
F 161505AV4 13,097,708.00 13,097,708.00 75,311.82 0.00 75,311.82 0.00 13,097,708.00
G 161505AW2 9,168,396.00 9,168,396.00 52,718.28 0.00 52,718.28 0.00 9,168,396.00
H 161505AX0 6,548,854.00 6,548,854.00 34,607.74 0.00 34,607.74 0.00 6,548,854.00
R N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 261,954,163.00 250,206,261.51 1,428,599.54 175,464.26 1,604,063.80 0.00 250,030,797.25
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CERTIFICATE DISTRIBUTION DETAIL
- ------------------------------------------------------------------------------------------------------------------------------------
ORIGINAL BEGINNING REALIZED LOSSES/ ENDING
CLASS CUSIP# FACE VALUE PRINCIPAL BALANCE INTEREST PRINCIPAL TOTAL TRUST EXPENSES PRINCIPAL BALANCE
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C>
X 161505AU6 261,954,164.00 250,206,263.17 308,579.00 0.00 308,779.00 0.00 250,030,798.89
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
DIST DATE: 19-JUL-1999
RECORD DATE: 30-JUN-1999
PAGE 2
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------
CERTIFICATE DISTRIBUTION DETAIL
- ----------------------------------------------------------------------------------------------------------------------
FACTOR INFORMATION PER $1,000 OF ORIGINAL FACE
- -------------------------------------------------------------------------------- -------------------------------
BEGINNING ENDING PRINCIPAL CURRENT PASS
CLASS CUSIP# PRINCIPAL FACTOR INTEREST PRINCIPAL TOTAL FACTOR THRU RATE
- -------------------------------------------------------------------------------- -------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A1 161505AN2 782.35627302 4.36815586 3.25068231 7.61883817 779.10559072 6.70000000%
A2 161505AP7 1,000.00000000 5.74999997 0.00000000 5.74999997 1,000.00000000 6.90000000%
B 161505AQ5 1,000.00000000 5.74999996 0.00000000 5.74999996 1,000.00000000 6.90000000%
C 161505AR3 1,000.00000000 5.75000016 0.00000000 5.75000016 1,000.00000000 6.90000000%
D 161505AS1 1,000.00000000 5.74999992 0.00000000 5.74999992 1,000.00000000 6.90000000%
E 161505AT9 1,000.00000000 5.75000052 0.00000000 5.75000052 1,000.00000000 6.90000000%
F 161505AV4 1,000.00000000 5.74999992 0.00000000 5.74999992 1,000.00000000 6.90000000%
G 161505AW2 1,000.00000000 5.75000033 0.00000000 5.75000033 1,000.00000000 6.90000000%
H 161505AX0 1,000.00000000 5.74999992 0.00000000 5.74999992 1,000.00000000 6.90000000%
- -------------------------------------------------------------------------------- -------------------------------
TOTALS 955.15283531 5.46526039 0.66982810 6.13508849 954.48300720
- -------------------------------------------------------------------------------- -------------------------------
<CAPTION>
- -------------------------------------------------------------------------------- -------------------------------
Beginning Ending Principal Current Pass
Class CUSIP# Principal Factor Interest Principal Total Factor Thru Rate
- -------------------------------------------------------------------------------- -------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505AU6 955.15283800 1.17114328 0.00000000 1.84097138 954.48300990 1.62500000%
- -------------------------------------------------------------------------------- -------------------------------
</TABLE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
DIST DATE: 19-JUL-1999
RECORD DATE: 30-JUN-1999
PAGE 3
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------
CERTIFICATE DISTRIBUTION DETAIL
- --------------------------------------------------------------------------------------------------------------------
<S> <C> <C>
Sec. 4.02 (a)(iii) Aggregate Principal and Interest Advances 117,616.57
Sec. 4.02 (a)(iv) Servicing Compensation 20,638.36
Trustee Compensation 1,793.14
Sec. 4.02 (a)(v) Aggregate Stated Principal Balance
Beginning Balance Ending Balance
Mortgage Loans 250,206,263.15 246,791,930.60
REO Loans 0.00 3,238,868.29
Sec 4.02 (a)(vi) Number of Mortage Loans Outstanding for Related Due Period 93
Aggregate Principal Balance of Mortgage Loans Outstanding 250,030,798.89
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 78
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.45378469%
<CAPTION>
--------------------------------------------------------------------------
Loans Delinquent
--------------------------------------------------------------------------
Aggregated
Period Number Principal Balance Percentage
--------------------------------------------------------------------------
<S> <C> <C> <C>
Less than 1 Month 1 12,488,144.30 4.99463040%
1 Month 0 0.00 0.00000000%
2 Months 0 0.00 0.00000000%
3+ Months 1 3,236,647.29 1.29449944%
In Foreclosure 0 0.00 0.00000000%
--------------------------------------------------------------------------
TOTALS 2 15,724,761.59 6.28912984%
--------------------------------------------------------------------------
<CAPTION>
<S> <C> <C>
Sec 4.02 (a)(viii) Aggregate Appraisal Value Of REO Propeties 4,150,000.00
Available Distribution Amount 1,912,642.80
</TABLE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
DIST DATE: 19-JUL-1999
RECORD DATE: 30-JUN-1999
PAGE 4
- --------------------------------------------------------------------------------
CERTIFICATE DISTRIBUTION DETAIL
- --------------------------------------------------------------------------------
Sec 4.02 (a) (x) Accrued Certificate Interest
Aggregated Certified
Certificate Deferred
Class Interest Interest
A1 235,782.88 0.00
A2 736,462.71 0.00
B 97,905.37 0.00
C 90,374.19 0.00
D 75,311.82 0.00
E 30,124.73 0.00
F 75,311.82 0.00
G 52,718.28 0.00
H 37,655.91 3,048.23
X 306,785.86 0.00
TOTALS 1,738,433.57 3,048.23
Sec 4.02 (a) (xi) Prepayment Premium Receipts
Prepayment Yield
Premium Maintenance
Class Receipts Charge Receipts
0.00 0.00
<TABLE>
<CAPTION>
<S> <C> <C>
Sec 4.02(a)(xiii) Scheduled Principal Distribution Amount 175,464.26
Unscheduled Principal Distribution Amount 0
Sec 4.02(a)(xvii) Number of Extended or Modified Mortgage Loans 0
Aggregate Stated Principal Balance of Extended or Modified Mortgage Loans 0.00
</TABLE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
- --------------------------------------------------------------------------------
- --------------------------------------------------------------------------------
CERTIFICATE DISTRIBUTION DETAIL
- --------------------------------------------------------------------------------
Sec 4.02(a)(xviii) Class Unpaid Interest Shortfall
Current Unpaid Cumulative Unpaid
Class Interest Shortfall 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 3,048.23 75,626.45
X 0.00 0.00
TOTALS 3,048.23 75,626.45
<TABLE>
<CAPTION>
<S> <C> <C>
Sec 4.02(a)(xx): Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) 1999, CHASE MANHATTAN BANK
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 1
RECORD DATE: 30-Jun-1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 65,554,358.34 584,937.40 397,150.15 0.00
A-2 161505AZ5 283,717,991.00 283,717,991.00 0.00 1,742,501.33 0.00
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74 0.00
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36 0.00
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74 N/A
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68 N/A
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02 N/A
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 81,956.70 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 533,774,986.00 498,729,344.34 584,937.40 3,057,566.52 0.00
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 0.00 982,087.55 64,969,420.94
A-2 0.00 1,742,501.33 283,717,991.00
B 0.00 163,913.40 26,688,749.00
C 0.00 163,913.40 26,688,749.00
D 0.00 180,304.74 29,357,624.00
E 0.00 65,565.36 10,675,500.00
F 0.00 180,304.74 29,357,624.00
G 0.00 32,782.68 5,337,750.00
H 0.00 49,174.02 8,006,625.00
I 0.00 81,956.70 13,344,374.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- ---------------------------------------------------------------------------
TOTALS 0.00 3,642,503.92 498,144,406.94
- ---------------------------------------------------------------------------
<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 65,554,358.34 N/A N/A N/A 64,969,420.94
WAC Component 533,774,986.00 498,729,343.61 N/A N/A N/A 498,144,406.21
X 161505BA9 533,774,986.00 498,729,344.34 597,714.34 0.00 597,714.34 498,144,406.94
- -----------------------------------------------------------------------------------------------------------------------------------
<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 5.8144870775 3.9478146123 645.8192936382 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666735 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 6.1416669053 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 1.4250250% 1.42501005%
X 161505BA9 1.1197871 933.2479416 1.4381693% 1.43805234%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 2
RECORD DATE: 30-Jun-1999
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 36,621.42
SECTION 4.02 (a)(iv) Servicing Compensation 40,710.25
SECTION 4.02 (a)(iv) Trustee Compensation 2,659.89
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 498,729,343.61 498,144,406.21
Reo Loans Outstanding 0.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 498,144,406.21
Weighted Average Remaining Term to Maturity 98.00
Weighted Average Mortgage Rate 8.899%
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 1 1,706,043.22
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 4,240,218.26
SECTION 4.02 (a)(x) Accrued Certificate Interest
Accrued Cert Cert Deferred
Class Interest Interest
-------------------------------------------------------------
A-1 397,150.15 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 597,714.34 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 584,937.40
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
Appraisal Reduct Appraisal Reduct
Loan Number Effect 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 Unpaid Cumulative Unpaid
Class Interest Shortfall 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 41,846.55
X 0.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 1
RECORD DATE: 30-Jun-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- --------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 167,503,917.87 824,558.23 900,333.56 0.00
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80 0.00
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32 0.00
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70 0.00
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37 0.00
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48 N/A
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19 N/A
H 161505BU5 12,209,886.00 12,209,886.00 0.00 67,154.37 N/A
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58 N/A
J 161505BW1 14,244,866.00 14,244,866.00 0.00 76,794.90 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 813,992,373.00 785,496,290.87 824,558.23 4,297,739.75 0.00
- --------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- ---------------------------------------------------------------------------
A-1 0.00 1,724,891.79 166,679,359.64
A-2 0.00 2,145,409.80 390,074,509.00
B 0.00 179,078.32 32,559,695.00
C 0.00 268,617.48 48,839,542.00
D 0.00 246,232.70 44,769,581.00
E 0.00 67,154.37 12,209,885.00
F 0.00 268,617.48 48,839,542.00
G 0.00 33,577.19 6,104,943.00
H 0.00 67,154.37 12,209,886.00
I 0.00 44,769.58 8,139,924.00
J 0.00 76,794.90 14,244,866.00
R 0.00 0.00 0.00
LR 0.00 0.00 0.00
- ---------------------------------------------------------------------------
TOTALS 0.00 5,122,297.98 784,671,732.64
- ---------------------------------------------------------------------------
<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 196,000,000.00 167,503,917.87 N/A N/A N/A 166,679,359.64
WAC Component 813,992,373.00 785,496,290.87 N/A N/A N/A 784,671,732.64
X 161505BM3 813,992,373.00 785,496,290.87 975,930.80 0.00 975,930.80 784,671,732.64
- ------------------------------------------------------------------------------------------------------------------------------------
<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 4.2069297449 4.5935385640 850.4048961224 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 5.3910582142 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 1.4595978% 1.45963972%
X 161505BM3 1.1989434 963.9792198 1.4909262% 1.49146916%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 2
RECORD DATE: 30-Jun-1999
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 225,093.40
SECTION 4.02 (a)(iv) Servicing Compensation 60,900.49
SECTION 4.02 (a)(iv) Trustee Compensation 3,763.88
SECTION 4.02 (a)(iv) Special Servicing Compensation 260.85
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
Beginning Balance Ending Balance
-------------------------------------------------------------
Mortgage Loans 785,504,511.76 784,679,953.53
Reo Loans Outstanding 4,914,480.21 4,908,956.60
-------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 167
Aggregate Mortgage Principal Balance 784,679,953.53
Weighted Average Remaining Term 99.00
to Maturity
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 6,098,228.78
SECTION 4.02 (a)(x) Accrued Certificate Interest Cert Deferred
Class Accrued Cert Interest Interest
-------------------------------------------------------------
A-1 900,333.56 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 975,930.80 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal 824,558.23
Distribution Amount
SECTION 4.02 (a)(xiii) Unscheduled Principal 0.00
Distribution Amount
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Appraisal Reduct Appraisal Reduct
Loan Number Effect Amt
-------------------------------------------------------------
190000008 234,728.64 1,291.01
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 Unpaid Cumulative Unpaid
Interest Shortfall 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 1,551.86 12,290.67
X 0.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- -------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 1
RECORD DATE: 30-Jun-1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- ---------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 123,075,865.82 774,045.65 650,250.82 0.00
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64 0.00
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95 0.00
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93 0.00
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68 0.00
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.73 0.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20 N/A
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 N/A
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 N/A
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53 N/A
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34 N/A
R N/A N/A N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A
- ---------------------------------------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 808,350,650.82 774,045.65 4,389,672.18 0.00
- ---------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- -----------------------------------------------------------------------------
A-1 0.00 1,424,296.47 122,301,820.17
A-2 0.00 2,538,985.64 464,448,593.00
B 0.00 178,841.95 32,714,991.00
C 0.00 268,262.93 49,072,487.00
D 0.00 245,907.68 44,983,113.00
E 0.00 67,065.73 12,268,122.00
F 0.00 201,197.20 36,804,365.00
G 0.00 44,710.49 8,178,748.00
H 0.00 97,224.87 18,402,183.00
I 0.00 21,605.53 4,089,374.00
J 0.00 75,619.34 14,312,809.00
R N/A 0.00 N/A
LR N/A 0.00 N/A
- -----------------------------------------------------------------------------
TOTALS 0.00 5,163,717.83 807,576,605.17
- -----------------------------------------------------------------------------
<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 817,874,785.00 808,350,650.82 482,296.47 0.00 482,296.47 807,576,605.17
- -----------------------------------------------------------------------------------------------------------------------------------
<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 5.8374483409 4.9038523379 922.3365020362 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
- ---------------------------------------------------------------------------------------------------------------
<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 0.5896948 987.4086107 0.7159712% 0.72068328%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 2
RECORD DATE: 30-Jun-1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 49,542.59
SECTION 4.02 (a)(iv) Trustee Compensation 4,041.79
SECTION 4.02 (a)(iv) Special Servicing Compensation 3,368.15
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
Beginning Balance Ending Balance
-------------------------------------------------------------
Mortgage Loans 808,356,571.78 807,582,526.13
Reo Loans Outstanding 0.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 807,582,526.13
Weighted Average Remaining Term 141.00
to Maturity
Weighted Average Mortgage Rate 7.32%
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 5,646,014.30
SECTION 4.02 (a)(x) Accrued Certificate Interest Accrued Cert Cert Deferred
Class Interest Interest
-------------------------------------------------------------
A-1 650,250.82 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 482,296.47 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 774,045.65
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
Appraisal Reduct Appraisal Reduct
Loan Number Effect Amt
-------------------------------------------------------------
-------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage 0.00
Loans Extended or Modified
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall
Class Current Unpaid Cumulative Unpaid
Interest Shortfall 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>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 1
RECORD DATE: 30-Jun-1999
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment
Class Cusip# Certificate Certificate Principal Interest Penalties
Balance Balance Distribution Distribution (PP/YMC)
- -------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 191,322,124.43 1,112,219.38 960,596.50 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 1,260,658,305.43 1,112,219.38 6,654,811.66 0.00
- -------------------------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------
Collateral Support Total Ending
Class Deficit Distribution Principal
(Allocation/Reimb) Balance
- ----------------------------------------------------------------------------
A-1 0.00 2,072,815.88 190,209,905.05
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 7,767,031.04 1,259,546,086.05
- ----------------------------------------------------------------------------
<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 1,260,658,305.43 605,032.00 0.00 605,032.00 1,259,546,086.05
- -----------------------------------------------------------------------------------------------------------------------------------
<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 5.59466489 4.83197435 956.79026685 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 0.47710333 993.22620466 0.00575920 0.00595736
- -------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 19-Jul-1999 PAGE # 2
RECORD DATE: 30-Jun-1999
- --------------------------------------------------------------------------------
<TABLE>
<CAPTION>
<S> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 60,054.13
SECTION 4.02 (a)(iv) Trustee Compensation 6,040.65
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 1,260,658,306.91 1,259,546,087.53
Reo Loans Outstanding 0.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 98
Aggregate Mortgage Principal Balance 1,259,546,087.53
Weighted Average Remaining Term 117.00
to Maturity
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 8,372,063.04
SECTION 4.02 (a)(x) Accrued Certificate Interest Accrued Cert Cert Deferred
Class Interest Interest
-------------------------------------------------------------
A-1 960,596.50 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 605,032.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal 1,103,739.29
Distribution Amount
SECTION 4.02 (a)(xiii) Unscheduled Principal 8,480.09
Distribution Amount
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Appraisal Reduct Appraisal Reduct
Loan Number Effect 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 Unpaid Cumulative Unpaid
Interest Shortfall 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>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
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