<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: November 18, 1999
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
-------------------------------------------------------------------
(Exact Name of Registrant)
New York 333-05271 13-3728743
- ---------------------------- ------------------------ -------------
(State or other jurisdiction (Commission 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 11/18/99 and 11/19/99, 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 November 18 and
19, 1999 distribution
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has caused this report to be signed on its behalf by the undersigned
thereunto duly authorized.
Dated: December 8, 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
November 18 and 19, 1999.
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
Statement to Certificateholders
November 18, 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 190,000,000.00 142,596,372.83 474,747.25 903,110.36 1,377,857.61 0.00 0.00 142,121,625.58
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 1,222,154.00 640,700.31 1,034.03 0.00 1,034.03 0.00 0.00 639,666.28
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 66,491.76 66,491.76 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 443,159,375.00 394,963,978.24 475,781.28 2,495,037.62 2,970,818.90 0.00 0.00 394,488,196.96
X 443,159,377.53 394,963,980.78 0.00 280,723.54 280,723.54 0.00 0.00 394,488,199.50
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 750.50722542 2.49866974 4.75321242 7.25188216 748.00855568 A1 7.600000 %
A2 161505AB8 1,000.00000000 0.00000000 6.33333337 6.33333337 1,000.00000000 A2 7.600000 %
P 161505AC6 524.23860659 0.84607177 0.00000000 0.84607177 523.39253482 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 6.00161170 6.00161170 981.01667987 H 7.600000 %
TOTALS 891.24590502 1.07361213 5.63011359 6.70372572 890.17229289
X 161505AD4 891.24590566 0.00000000 0.63345955 0.63345955 890.17229354 X 0.852909 %
</TABLE>
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
November 18, 1999
<TABLE>
<S> <C>
Available Distribution Amount 3,251,542.45
Scheduled Principal Distribution Amount 475,781.28
Unscheduled Principal Distribution Amount 0.00
Balance Information
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 74.00
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.57 %
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 %
Aggregate Appraised Value of REO Properties 0.00
Yield Maintenance Charges/Prepayment Premiums 0
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
November 18, 1999
</TABLE>
<TABLE>
<CAPTION>
Advance Summary
<S> <C>
Master Servicer P&I Advances Made 274,975.48
Master Servicer Unreimbursed P&I Advances Outstanding 274,975.48
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 46,106.78
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 46,106.78
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>
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-1
November 18, 1999
Interest Detail0
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
* Class A-1 & Class X total interest distribution include yield
maintenance charge reallocation from April, 1999. Please refer to
Class A-1 Yield Maintenance Charge Receipts and Class X Yield
Maintenance Charge Receipt on page 4.
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
Statement to Certificateholders
November 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 53,977,671.00 39,668,460.72 178,961.13 221,482.24 400,443.37 0.00 0.00 39,489,499.59
A2 128,080,472.00 128,080,472.00 0.00 736,462.71 736,462.71 0.00 0.00 128,080,472.00
B 17,027,021.00 17,027,021.00 0.00 97,905.37 97,905.37 0.00 0.00 17,027,021.00
C 15,717,250.00 15,717,250.00 0.00 90,374.19 90,374.19 0.00 0.00 15,717,250.00
D 13,097,708.00 13,097,708.00 0.00 75,311.82 75,311.82 0.00 0.00 13,097,708.00
E 5,239,083.00 5,239,083.00 0.00 30,124.73 30,124.73 0.00 0.00 5,239,083.00
F 13,097,708.00 13,097,708.00 0.00 75,311.82 75,311.82 0.00 0.00 13,097,708.00
G 9,168,396.00 9,168,396.00 0.00 52,718.28 52,718.28 0.00 0.00 9,168,396.00
H 6,548,854.00 6,548,854.00 0.00 34,253.84 34,253.84 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 261,954,163.00 247,644,952.72 178,961.13 1,413,945.00 1,592,906.13 0.00 0.00 247,465,991.59
X 261,954,164.00 247,644,954.38 0.00 304,243.30 304,243.30 0.00 0.00 247,465,993.25
<CAPTION>
FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
PRIOR CURRENT CURRENT
PRINCIPAL PRINCIPAL CLASS PASS-THRU
CLASS CUSIP FACTOR PRINCIPAL INTEREST TOTAL FACTOR RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AN2 734.90500767 3.31546595 4.10321964 7.41868559 731.58954172 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 5.23050903 5.23050903 1,000.00000000 H 6.900000 %
TOTALS 945.37513695 0.68317727 5.39768097 6.08085824 944.69195968
X 161505AU6 945.37513968 0.00000000 1.16143716 1.16143716 944.69196241 X 1.625000 %
</TABLE>
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
November 19, 1999
<TABLE>
<S> <C>
Available Distribution Amount 1,897,149.43
Scheduled Principal Distribution Amount 178,961.13
Unscheduled Principal Distribution Amount 0.00
Balance Information
Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding 74.00
Weighted Average Mortgage Rate of Mortgage Loans Outstanding 8.45%
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 %
Aggregate Appraised Value of REO Properties 4,000,000
Yield Maintenance Charges/Prepayment Premiums 0
</TABLE>
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
November 19, 1999
<TABLE>
<CAPTION>
Advance Summary
<S> <C>
Master Servicer P&I Advances Made 26,526.90
Master Servicer Unreimbursed P&I Advances Outstanding 250,563.43
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 1,774.79
Servicing Fee Breakdown
Current Period Accrued Servicing Fees 20,453.66
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 20,453.66
Appraisal Reduction Amounts 2,868.37
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
</TABLE>
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage
Pass-Through Certificates Series 1996-2
November 19, 1999
Interest Detail
(C) COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Nov-1999 PAGE # 1
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------
Original Beginning
Class Cusip# Certificate Certificate Principal Interest
Balance Balance Distribution Distribution
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 63,188,413.96 602,509.12 382,816.47
A-2 161505AZ5 283,717,991.00 283,717,991.00 0.00 1,742,501.33
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 81,238.83
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- ------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 496,363,399.96 602,509.12 3,042,514.97
- ------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------
Prepayment Collateral Support Total Ending
Class Penalties Deficit Distribution Principal
(PP/YMC) (Allocation/Reimb) Balance
- -----------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 985,325.59 62,585,904.84
A-2 0.00 0.00 1,742,501.33 283,717,991.00
B 0.00 0.00 163,913.40 26,688,749.00
C 0.00 0.00 163,913.40 26,688,749.00
D 0.00 0.00 180,304.74 29,357,624.00
E 0.00 0.00 65,565.36 10,675,500.00
F N/A 0.00 180,304.74 29,357,624.00
G N/A 0.00 32,782.68 5,337,750.00
H N/A 0.00 49,174.02 8,006,625.00
I N/A 0.00 81,238.83 13,344,374.00
R N/A N/A 0.00 N/A
LR N/A N/A 0.00 N/A
- -----------------------------------------------------------------------------------
TOTALS 0.00 0.00 3,645,024.09 495,760,890.84
- -----------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 100,600,000.00 63,188,413.96 N/A N/A N/A 62,585,904.84
WAC Component 533,774,986.00 496,363,399.23 N/A N/A N/A 495,760,890.11
X 161505BA9 533,774,986.00 496,363,399.96 594,682.17 0.00 594,682.17 495,760,890.84
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
FACTOR INFORMATION PER $1,000
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- --------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 5.9891562624 3.8053327038 622.1262906561 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 6.0878710787 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 1.4249637% 1.42494767%
X 161505BA9 1.1141065 928.7825467 1.4376938% 1.43757188%
- --------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
--------------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
--------------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Nov-1999 PAGE # 2
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 36,622.95
SECTION 4.02 (a)(iv) Servicing Compensation 40,517.00
SECTION 4.02 (a)(iv) Trustee Compensation 2,647.27
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
- ----------------------------------------------------------------------------------
Beginning Balance Ending Balance
- ----------------------------------------------------------------------------------
Mortgage Loans 496,363,399.23 495,760,890.11
Reo Loans Outstanding 0.00 0.00
- ---------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 495,760,890.11
Weighted Average Remaining Term to Maturity 94.00
Weighted Average Mortgage Rate 8.899%
SECTION 4.02 (a)(vii) Loans Delinquent
- ----------------------------------------------------------------------------------
Period Number Aggr Principal Balance
- ----------------------------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 1 1,700,004.70
In Foreclosure 0 0.00
- ----------------------------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 4,239,706.26
SECTION 4.02 (a)(x) Accrued Certificate Interest
- ----------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- ----------------------------------------------------------------------------------
A-1 382,816.47 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 594,682.17 0.00
- ----------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 602,509.12
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
- ----------------------------------------------------------------------------------
Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
- ----------------------------------------------------------------------------------
56-3987164 $116,884.61 717.87
- ----------------------------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall
- ----------------------------------------------------------------------------------
Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
- ----------------------------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 717.87 50,833.59
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-Nov-1999 PAGE # 1
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------
Original Beginning
Class Cusip# Certificate Certificate Principal Interest
Balance Balance Distribution Distribution
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 164,301,312.68 782,155.78 883,119.56
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19
H 161505BU5 12,209,886.00 12,209,886.00 0.00 67,154.37
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58
J 161505BW1 14,244,866.00 14,244,866.00 0.00 76,185.13
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- ---------------------------------------------------------------------------------------
TOTALS 813,992,373.00 782,293,685.68 782,155.78 4,279,915.98
- ---------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------
Prepayment Collateral Support Total Ending
Class Penalties Deficit Distribution Principal
(PP/YMC) (Allocation/Reimb) Balance
- ---------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 1,665,275.34 163,519,156.90
A-2 0.00 0.00 2,145,409.80 390,074,509.00
B 0.00 0.00 179,078.32 32,559,695.00
C 0.00 0.00 268,617.48 48,839,542.00
D 0.00 0.00 246,232.70 44,769,581.00
E 0.00 0.00 67,154.37 12,209,885.00
F N/A 0.00 268,617.48 48,839,542.00
G N/A 0.00 33,577.19 6,104,943.00
H N/A 0.00 67,154.37 12,209,886.00
I N/A 0.00 44,769.58 8,139,924.00
J N/A 0.00 76,185.13 14,244,866.00
R N/A 0.00 0.00 0.00
LR 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------
TOTALS 0.00 0.00 5,062,071.76 781,511,529.90
- ---------------------------------------------------------------------------------------
<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 196,000,000.00 164,301,312.68 N/A N/A N/A 163,519,156.90
WAC Component 813,992,373.00 782,293,685.68 N/A N/A N/A 781,511,529.90
X 161505BM3 813,992,373.00 782,293,685.68 1,035,810.55 0.00 1,035,810.55 781,511,529.90
- -------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- -------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BK7 3.9905907143 4.5057120186 834.2814127551 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 5.3482520180 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 1.4597230% 1.45974359%
X 161505BM3 1.2725065 960.0968705 1.5888824% 1.58816454%
- -------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
-----------------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
-----------------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 19-Nov-1999 PAGE # 2
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 88,042.21
SECTION 4.02 (a)(iv) Servicing Compensation 60,652.54
SECTION 4.02 (a)(iv) Trustee Compensation 3,748.53
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 782,301,906.57 781,519,750.79
Reo Loans Outstanding 4,894,466.62 4,889,944.96
- -------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 167
Aggregate Mortgage Principal Balance 781,519,750.79
Weighted Average Remaining Term to Maturity 95.00
Weighted Average Mortgage Rate 8.16%
SECTION 4.02 (a)(vii) Loans Delinquent
- -------------------------------------------------------------------------------
Period Number Aggr Principal Balance
- -------------------------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
- -------------------------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 6,097,882.31
SECTION 4.02 (a)(x) Accrued Certificate Interest
- -------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- -------------------------------------------------------------------------------
A-1 883,119.56 0.00
A-2 2,145,409.80 0.00
B 179,078.32 0.00
C 268,617.48 0.00
D 246,232.70 0.00
E 67,154.37 0.00
F 268,617.48 0.00
G 33,577.19 0.00
H 67,154.37 0.00
I 44,769.58 0.00
J 78,346.76 0.00
X 1,035,810.55 0.00
- -------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 782,155.78
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
- -------------------------------------------------------------------------------
Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
- -------------------------------------------------------------------------------
190000008 393,023.09 2,161.63
- -------------------------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall
- -------------------------------------------------------------------------------
Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
- -------------------------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 2,161.63 20,112.08
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: 18-Nov-1999 PAGE # 1
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------
Original Beginning
Class Cusip# Certificate Certificate Principal Interest
Balance Balance Distribution Distribution
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 120,067,664.26 740,965.33 634,357.49
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.73
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- ----------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 805,342,449.26 740,965.33 4,373,778.85
- ----------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------
Prepayment Collateral Support Total Ending
Class Penalties Deficit Distribution Principal
(PP/YMC) (Allocation/Reimb) Balance
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 1,375,322.82 119,326,698.93
A-2 0.00 0.00 2,538,985.64 464,448,593.00
B 0.00 0.00 178,841.95 32,714,991.00
C 0.00 0.00 268,262.93 49,072,487.00
D 0.00 0.00 245,907.68 44,983,113.00
E 0.00 0.00 67,065.73 12,268,122.00
F N/A 0.00 201,197.20 36,804,365.00
G N/A 0.00 44,710.49 8,178,748.00
H N/A 0.00 97,224.87 18,402,183.00
I N/A 0.00 21,605.53 4,089,374.00
J N/A 0.00 75,619.34 14,312,809.00
R N/A N/A 0.00 N/A
LR N/A N/A 0.00 N/A
- ----------------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 5,114,744.18 804,601,483.93
- ----------------------------------------------------------------------------------------------------
<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 817,874,785.00 805,342,449.26 554,401.33 0.00 554,401.33 804,601,483.93
- ---------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- -------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- -------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BX9 5.5879738311 4.7839931373 899.8996902715 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 0.6778560 983.7709863 0.8260854% 0.71989590%
- -------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Nov-1999 PAGE # 2
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 52,711.32
SECTION 4.02 (a)(iv) Trustee Compensation/Standby Fee 4,026.74
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance
- ------------------------------------------------------------------------------
Beginning Balance Ending Balance
- ------------------------------------------------------------------------------
Mortgage Loans 805,348,370.22 804,607,404.89
Reo Loans Outstanding 0.00 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 804,607,404.89
Weighted Average Remaining Term to Maturity 136.00
Weighted Average Mortgage Rate 7.32%
SECTION 4.02 (a)(vii) Loans Delinquent
- ------------------------------------------------------------------------------
Period Number Aggr Principal Balance
- ------------------------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 5,669,145.51
SECTION 4.02 (a)(x) Accrued Certificate Interest
- ------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- ------------------------------------------------------------------------------
A-1 634,357.49 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 554,401.33 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 740,965.33
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
- ------------------------------------------------------------------------------
Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall
- ------------------------------------------------------------------------------
Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
- ------------------------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Nov-1999 PAGE # 1
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------
Original Beginning
Class Cusip# Certificate Certificate Principal
Balance Balance Distribution
- ------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 187,174,555.34 969,605.56
A-2 161505CW0 720,598,732.00 720,598,732.00 0.00
B 161505CZ3 63,406,809.00 63,406,809.00 0.00
C 161505DA7 69,747,490.00 69,747,490.00 0.00
D 161505DB5 72,917,830.00 72,917,830.00 0.00
E 161505DC3 19,022,043.00 19,022,043.00 0.00
F 161505DD1 57,066,128.00 57,066,128.00 0.00
G 161505DE9 12,681,362.00 12,681,362.00 0.00
H 161505DF6 22,192,383.00 22,192,383.00 0.00
I 161505DG4 9,511,021.00 9,511,021.00 0.00
J 161505DH2 22,192,383.00 22,192,383.00 0.00
R N/A N/A N/A N/A
LR N/A N/A N/A N/A
- ------------------------------------------------------------------------------------
TOTALS 1,268,136,181.00 1,256,510,736.34 969,605.56
- ------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------------------
Prepayment Collateral Support Total Ending
Class Interest Penalties Deficit Distribution Principal
Distribution (PP/YMC) (Allocation/Reimb) Balance
- ---------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 939,772.25 0.00 0.00 1,909,377.81 186,204,949.78
A-2 3,837,188.25 0.00 0.00 3,837,188.25 720,598,732.00
B 337,641.26 0.00 0.00 337,641.26 63,406,809.00
C 371,405.38 0.00 0.00 371,405.38 69,747,490.00
D 388,287.44 0.00 0.00 388,287.44 72,917,830.00
E 101,292.38 0.00 0.00 101,292.38 19,022,043.00
F 303,877.13 N/A 0.00 303,877.13 57,066,128.00
G 67,528.25 N/A 0.00 67,528.25 12,681,362.00
H 118,174.44 N/A 0.00 118,174.44 22,192,383.00
I 50,646.19 N/A 0.00 50,646.19 9,511,021.00
J 118,174.44 N/A 0.00 118,174.44 22,192,383.00
R 0.00 N/A N/A 0.00 N/A
LR 0.00 N/A N/A 0.00 N/A
- ---------------------------------------------------------------------------------------------------------
TOTALS 6,633,987.41 0.00 0.00 7,603,592.97 1,255,541,130.78
- ---------------------------------------------------------------------------------------------------------
<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 1,256,510,736.34 797,775.34 0.00 797,775.34 1,255,541,130.78
- -----------------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- ------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505CV2 4.87729155 4.72722460 936.64461660 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 0.62909280 990.06806177 0.00761896 0.00594627
- ------------------------------------------------------------------------------------------------------
</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>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
================================================================================
DISTRIBUTION DATE: 18-Nov-1999 PAGE # 2
RECORD DATE: 29-Oct-1999
<TABLE>
<CAPTION>
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 65,081.56
SECTION 4.02 (a)(iv) Trustee Compensation 6,020.78
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 1,256,510,737.80 1,255,541,132.24
Reo Loans Outstanding 0.00 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 98
Aggregate Mortgage Principal Balance 255,541,132.24
Weighted Average Remaining Term to Maturity 113.00
Weighted Average Mortgage Rate 6.98%
SECTION 4.02 (a)(vii) Loans Delinquent
- ------------------------------------------------------------------------------
Period Number Aggr Principal Balance
- ------------------------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 8,401,368.31
SECTION 4.02 (a)(x) Accrued Certificate Interest
- ------------------------------------------------------------------------------
Class Accrued Cert Interest Cert Deferred Interest
- ------------------------------------------------------------------------------
A-1 939,772.25 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 797,775.34 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 961,272.22
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 8,333.34
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts
- ------------------------------------------------------------------------------
Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
- ------------------------------------------------------------------------------
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall
- ------------------------------------------------------------------------------
Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
- ------------------------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
- ------------------------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
</TABLE>
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
