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: January 20, 1999
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
-------------------------------------------------------------------
(Exact Name of Registrant)
New York 333-05271 13-3728743
-------------- ------------- ------------------
(State or other (Commission (IRS Employer
jurisdiction of File Number) Identification No.)
incorporation)
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 1/19/99 and 1/20/99, Chase Commercial Mortgage
Securities Corp. (the "Depositor") made the distributions to holders of its
Mortgage Pass-Through Certificates, Series 1996-1, Series 1997-1,
Series 1997-2, Series 1998-1 and Series 1998-2 contemplated by their respective
Pooling and Servicing Agreements.
Copies of the Certificateholders' Reports for each Series with respect to
such distributions delivered pursuant to Section 4.02 of the applicable Pooling
and Servicing Agreement 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
January 19, 1999 and January 20, 1999
distributions
<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: February 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
January 19, 1999 and January 20, 1999
<PAGE>
<TABLE>
RUN DATE:01/15/99 16:07:39 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-JAN-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-DEC-1998
Series 1996-1
Monthly Certificate Holders Report
CLASS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 177,347,548.24 6,222,366.04 1,123,201.14 953,593.85 0.00 8,299,161.03 171,125,182.20
A2 161505AB8 123,421,002.00 0.00 781,666.35 0.00 0.00 781,666.35 123,421,002.00
B 161505AE2 26,589,563.00 0.00 168,400.57 0.00 0.00 168,400.57 26,589,563.00
C 161505AF9 22,157,969.00 0.00 140,333.80 0.00 0.00 140,333.80 22,157,969.00
D 161505AG7 15,510,578.00 0.00 98,233.66 0.00 0.00 98,233.66 15,510,578.00
E 161505AH5 11,078,984.00 0.00 70,166.90 0.00 0.00 70,166.90 11,078,984.00
F 161505AJ1 24,373,766.00 0.00 154,367.18 0.00 0.00 154,367.18 24,373,766.00
G 161505AK8 17,726,375.00 0.00 112,267.04 0.00 0.00 112,267.04 17,726,375.00
H 161505AL6 11,078,984.00 0.00 61,885.10 0.00 0.00 61,885.10 11,078,984.00
P 161505AC6 1,175,885.48 163,801.90 0.00 0.00 0.00 163,801.90 1,012,083.58
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 430,460,657.25 0.00 294,327.57 25,103.07 0.00 319,430.64 424,074,489.31
TOTAL: 430,460,654.72 6,386,167.94 3,004,849.31 953,593.85 0.00 10,369,714.17 424,074,486.78
</TABLE>
<TABLE>
RUN DATE:01/15/99 16:07:39 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-JAN-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-DEC-1998
Series 1996-1
Monthly Certificate Holders Report
CLASS CUSIP ACCR INT APPR RED AMT UNPAID INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A1 161505AA0 1,123,201.14 0.00 0.00 32.74929495 5.91158495 900.65885368 7.60000 7.60000
A2 161505AB8 781,666.35 0.00 0.00 0.00000000 6.33333337 1,000.00000000 7.60000 7.60000
P 161505AC6 0.00 0.00 0.00 134.02721752 0.00000000 828.11460749 0.00000 0.00000
B 161505AE2 168,400.57 0.00 0.00 0.00000000 6.33333350 1,000.00000000 7.60000 7.60000
C 161505AF9 140,333.80 0.00 0.00 0.00000000 6.33333317 1,000.00000000 7.60000 7.60000
D 161505AG7 98,233.66 0.00 0.00 0.00000000 6.33333329 1,000.00000000 7.60000 7.60000
E 161505AH5 70,166.90 0.00 0.00 0.00000000 6.33333345 1,000.00000000 7.60000 7.60000
F 161505AJ1 154,367.18 0.00 0.00 0.00000000 6.33333314 1,000.00000000 7.60000 7.60000
G 161505AK8 112,267.04 0.00 0.00 0.00000000 6.33333324 1,000.00000000 7.60000 7.60000
H 161505AL6 70,166.90 0.00 8,281.80 0.00000000 5.58581003 1,000.00000000 7.60000 7.60000
R 0.00 0.00 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505AD4 294,327.57 0.00 0.00 0.00000000 0.66415738 956.93448184 0.82050 0.83190
TOTAL: 3,013,131.11 0.00 8,281.80
</TABLE>
RUN DATE:01/15/99 16:07:40 Chase Commercial Mortgage Securities Corp.
DIST. DATE: 19-JAN-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-DEC-1998
Page 3 Series 1996-1
Monthly Certificate Holders Report
P & I Advances 358,104.56
Servicing Compensation 43,151.98
Beginning Balance(Mortgage Loans) 427,464,116.54
Ending Balance(Mortgage Loans) 421,081,585.27
Beginning Balance(REO Loans) 2,996,540.71
Ending Balance(REO Loans) 2,992,904.04
Aggregate Number of Mortgage Loans 87
Aggregate Mortgage Principal Balance 424,074,489.31
Weighted Average Remaining Term to Maturity 83.70
Weighted Average Mortgage Rate 8.54747%
# of Loans Delinquent(1 month) 0
Balance of Loans Delinquent(1 month) 0.00
# of Loans Delinquent(2 month) 0
Balance of Loans Delinquent(2 month) 0.00
# of Loans Delinquent(3 month) 1
Balance of Loans Delinquent(3 month) 2,992,904.04
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 2,800,000.00
Available Distribution Amount 10,369,714.17
Scheduled Principal Distribution Amount 486,167.94
Unscheduled Principal Distribution Amount 5,900,000.00
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Jan-1999 PAGE # 1
RECORD DATE: 31-Dec-1998
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) (Allocation/ Balance
Reimb)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 68,974,533.16 559,537.23 417,870.71 0.00 0.00 977,407.94 68,414,995.93
A-2 161505AZ5 283,717,991.00 283,717,991.00 0.00 1,742,501.33 0.00 0.00 1,742,501.33 283,717,991.00
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00 0.00 163,913.40 26,688,749.00
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00 0.00 163,913.40 26,688,749.00
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74 0.00 0.00 180,304.74 29,357,624.00
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36 0.00 0.00 65,565.36 10,675,500.00
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74 N/A 0.00 180,304.74 29,357,624.00
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68 N/A 0.00 32,782.68 5,337,750.00
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02 N/A 0.00 49,174.02 8,006,625.00
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 76,521.15 N/A 0.00 76,521.15 13,344,374.00
R N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 502,149,519.16 559,537.23 3,072,851.54 0.00 0.00 3,632,388.77 501,589,981.93
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 68,974,533.16 N/A N/A N/A 68,414,995.93
WAC Component 533,774,986.00 502,149,518.43 N/A N/A N/A 501,589,981.20
X 161505BA9 533,774,986.00 502,149,519.16 602,096.36 0.00 602,096.36 501,589,981.93
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 5.5620002982 4.1537843936 680.0695420477 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416666667 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 5.7343381558 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
- ---------------------------------------------------------------------------------------------------------------
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 1.4251097% 1.42509617%
X 161505BA9 1.1279966 939.7030492 1.4388456% 1.43873580%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Jan-1999 PAGE # 2
RECORD DATE: 31-Dec-1998
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 307,399.43
SECTION 4.02 (a)(iv) Servicing Compensation 40,989.61
SECTION 4.02 (a)(iv) Trustee Compensation 2,678.12
SECTION 4.02 (a)(iv) Special Servicing Compensation 5,435.54
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 502,149,518.43 501,589,981.20
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 104
Aggregate Mortgage Principal Balance 501,589,981.20
Weighted Average Remaining Term to Maturity 105.00
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 1,714,792.68
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 4,234,485.13
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 417,870.71 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 602,096.36 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 559,537.23
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 5,435.54 25,564.19
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 20-Jan-98 PAGE # 1
RECORD DATE: 31-Dec-1997
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) (Allocation/ Balance
Reimb)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 196,000,000.00 678,553.69 1,053,500.00 0.00 0.00 1,732,053.69 195,321,446.31
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80 0.00 0.00 2,145,409.80 390,074,509.00
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32 0.00 0.00 179,078.32 32,559,695.00
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00 0.00 268,617.48 48,839,542.00
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70 0.00 0.00 246,232.70 44,769,581.00
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37 0.00 0.00 67,154.37 12,209,885.00
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00 0.00 268,617.48 48,839,542.00
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19 0.00 0.00 33,577.19 6,104,943.00
H 161505BU5 12,209,886.00 12,209,886.00 0.00 67,154.37 0.00 0.00 67,154.37 12,209,886.00
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58 0.00 0.00 44,769.58 8,139,924.00
J 161505BW1 14,244,866.00 14,244,866.00 0.00 78,346.76 0.00 0.00 78,346.76 14,244,866.00
R N/A 0.00 0.00 0.00 55.81 0.00 0.00 55.81 0.00
LR N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 813,992,373.00 813,992,373.00 678,553.69 4,452,513.86 0.00 0.00 5,131,067.55 813,313,819.31
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Ending
Class Cusip# Notional Notional Interest Penalties Total Notional
Balance Balance Distribution (PP/YMC) Distribution Balance
- -------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 196,000,000.00 196,000,000.00 N/A N/A N/A 195,321,446.31
WAC Component 813,992,373.00 813,992,373.00 N/A N/A N/A 813,313,819.31
X 161505BM3 813,992,373.00 813,992,373.00 1,075,707.50 0.00 1,075,707.50 813,313,819.31
- -------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 3.46200862 5.37500000 996.5379913776 6.4500000%
A-2 161505BL5 0.00000000 5.50000000 1000.0000000000 6.6000000%
B 161505BN1 0.00000000 5.50000000 1000.0000000000 6.6000000%
C 161505BP6 0.00000000 5.50000000 1000.0000000000 6.6000000%
D 161505BQ4 0.00000000 5.50000000 1000.0000000000 6.6000000%
E 161505BR2 0.00000000 5.50000000 1000.0000000000 6.6000000%
F 161505BS0 0.00000000 5.50000000 1000.0000000000 6.6000000%
G 161505BT8 0.00000000 5.50000000 1000.0000000000 6.6000000%
H 161505BU5 0.00000000 5.50000000 1000.0000000000 6.6000000%
I 161505BV3 0.00000000 5.50000000 1000.0000000000 6.6000000%
J 161505BW1 0.00000000 5.50000000 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
- -----------------------------------------------------------------------------------------------------------------
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 1.5497062% 1.54972359%
X 161505BM3 1.3215204 999.1663881 1.5858244% 1.58571682%
- -----------------------------------------------------------------------------------------------------------------
====================================================================================================================================
</TABLE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 20-Jan-1998 PAGE # 2
RECORD DATE: 31-Dec-1997
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 763,468.42
SECTION 4.02 (a)(iv) Servicing Compensation 63,069.56
SECTION 4.02 (a)(iv) Trustee Compensation 3,900.42
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 814,000,593.86 813,322,040.17
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 169.00
Aggregate Mortgage Principal Balance 813,322,040.17
Weighted Average Remaining Term to Maturity 115.00
Weighted Average Mortgage Rate 8.16%
------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
------------------------------------------------------------
------------------------------------------------------------
1 Month 0 0
2 Months 0 0
3 Months or more 0 0
In Foreclosure 0 0
------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 6,206,775.05
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 1,053,500.00 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 1,075,707.50 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 678,553.69
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 0
A-2 0 0
B 0 0
C 0 0
D 0 0
E 0 0
F 0 0
G 0 0
H 0 0
I 0 0
J 0 0
X 0 0
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 55.81
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Jan-1999 PAGE # 1
RECORD DATE: 31-Dec-1998
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) (Allocation/ Balance
Reimb)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 127,749,320.16 935,250.98 674,942.24 0.00 0.00 1,610,193.22 126,814,069.18
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64 0.00 0.00 2,538,985.64 464,448,593.00
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95 0.00 0.00 178,841.95 32,714,991.00
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93 0.00 0.00 268,262.93 49,072,487.00
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68 0.00 0.00 245,907.68 44,983,113.00
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.73 0.00 0.00 67,065.73 12,268,122.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20 N/A 0.00 201,197.20 36,804,365.00
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 N/A 0.00 44,710.49 8,178,748.00
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 N/A 0.00 97,224.87 18,402,183.00
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53 N/A 0.00 21,605.53 4,089,374.00
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34 N/A 0.00 75,619.34 14,312,809.00
R N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 813,024,105.16 935,250.98 4,414,363.60 0.00 0.00 5,349,614.58 812,088,854.18
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 817,874,785.00 813,024,105.16 512,935.59 0.00 512,935.59 812,088,854.18
- ------------------------------------------------------------------------------------------------------------------------------------
- -------------------------------------------------------
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 7.0531748115 5.0900621418 956.3655292609 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
- ---------------------------------------------------------------------------------------------------------------
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 0.6271566 992.9256520 0.7570781% 0.76175740%
- ---------------------------------------------------------------------------------------------------------------
====================================================================================================================================
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Jan-1999 PAGE # 2
RECORD DATE: 31-Dec-1998
<S> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 49,834.58
SECTION 4.02 (a)(iv) Trustee Compensation 4,065.14
SECTION 4.02 (a)(iv) Special Servicing Compensation 3,387.63
------------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
------------------------------------------------------------
------------------------------------------------------------
Mortgage Loans 813,030,026.12 812,094,775.14
Reo Loans Outstanding 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgages Loans 78
Aggregate Mortgage Principal Balance 812,094,775.14
Weighted Average Remaining Term to Maturity 147.00
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 5,862,550.17
------------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------------
------------------------------------------------------------
A-1 674,942.24 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 512,935.59 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 935,250.98
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
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Jan-1999 PAGE # 1
RECORD DATE: 31-Dec-1998
- ------------------------------------------------------------------------------------------------------------------------------------
Collateral
Original Beginning Prepayment Support Total Ending
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit Distribution Principal
Balance Balance Distribution Distribution (PP/YMC) (Allocation/ Balance
Reimb)
- ------------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 197,738,880.70 1,118,069.06 992,813.96 0.00 0.00 2,110,883.02 196,620,811.64
A-2 161505CW0 720,598,732.00 720,598,732.00 0.00 3,837,188.25 0.00 0.00 3,837,188.25 720,598,732.00
B 161505CZ3 63,406,809.00 63,406,809.00 0.00 337,641.26 0.00 0.00 337,641.26 63,406,809.00
C 161505DA7 69,747,490.00 69,747,490.00 0.00 371,405.38 0.00 0.00 371,405.38 69,747,490.00
D 161505DB5 72,917,830.00 72,917,830.00 0.00 388,287.44 0.00 0.00 388,287.44 72,917,830.00
E 161505DC3 19,022,043.00 19,022,043.00 0.00 101,292.38 0.00 0.00 101,292.38 19,022,043.00
F 161505DD1 57,066,128.00 57,066,128.00 0.00 303,877.13 N/A 0.00 303,877.13 57,066,128.00
G 161505DE9 12,681,362.00 12,681,362.00 0.00 67,528.25 N/A 0.00 67,528.25 12,681,362.00
H 161505DF6 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A 0.00 118,174.44 22,192,383.00
I 161505DG4 9,511,021.00 9,511,021.00 0.00 50,646.19 N/A 0.00 50,646.19 9,511,021.00
J 161505DH2 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A 0.00 118,174.44 22,192,383.00
R N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
LR N/A N/A N/A N/A 0.00 N/A N/A 0.00 N/A
- ------------------------------------------------------------------------------------------------------------------------------------
TOTALS 1,268,136,181.00 1,267,075,061.70 1,118,069.06 6,687,029.12 0.00 0.00 7,805,098.18 1,265,956,992.64
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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> <C>
X 161505CY6 1,268,136,181.00 1,267,075,061.70 697,349.98 0.00 697,349.98 1,265,956,992.64
- ------------------------------------------------------------------------------------------------------------------------------------
- ------------------------------------------------------------------------------------------------------------------------------------
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 5.62408984 4.99403400 989.03828793 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
- -------------------------------------------------------------------------------------------------------------
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 0.54990149 998.28158175 0.00660434 0.00720028
- -------------------------------------------------------------------------------------------------------------
GMAC COMMERCIAL MORTGAGE CORPORATION
SERVICER
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
