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Previous: CBL & ASSOCIATES PROPERTIES INC, 8-A12B, 1999-05-04 |
Next: MOBILE MINI INC, 8-K, 1999-05-04 |
<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 10549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: April 19, 1999
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
- --------------------------------------------------------------------------------
(Exact Name of Registrant)
<TABLE>
<S> <C> <C>
New York 333-05271 13-3728743
- ---------------------------- ------------------------ -------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
</TABLE>
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 4/18/99 and 4/19/99, 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 1998-2 contemplated by the applicable Pooling and
Servicing Agreements for such Series (collectively, the "Pooling and Servicing
Agreements"). Also attached are the distribution date statements for Series
1996-1 and Series 1996-2 for the months of February and March 1999.
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 4.02 of the Pooling and Servicing
Agreements are being filed as exhibits to this Current Report on Form 8-K.
Item 7(c). Exhibits
<TABLE>
<CAPTION>
Exhibits Description
---------- ---------------
<S> <C>
20.1 Monthly Reports with respect to the April 18, 1999
and April 19, 1999 distributions
20.2 Monthly Reports with respect to the distribution date
statements for Series 1996-1 and 1996-2 for the
months of February and March 1999.
</TABLE>
<PAGE>
INDEX TO EXHIBITS
-----------------
<TABLE>
<CAPTION>
Exhibit No. Description
- ----------- -----------------
<S> <C>
20.1 Monthly Reports with respect to the distribution to
certificateholders on April 18, 1999 and April 19,
1999.
20.2 Monthly Reports with respect to the distribution date
statements for series 1996-1 and 1996-2 for the
months of February and March 1999.
</TABLE>
<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: May 4, 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>
Exhibit 20.1
<TABLE>
<CAPTION>
RUN DATE:04/19/99 11:24:30 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-APR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-MAR-1999
Series 1996-1
Monthly Certificate Holders Report
CLAS 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 167,387,486.13 13,254,624.48 1,060,120.75 1,539,949.09 0.00 15,854,694.32 154,132,861.65
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 10,868,668.10 0.00 69,134,54 0.00 0.00 69,134,54 10,868,668.10
P 161505AC6 1,009,032.76 362,255.78 0.00 0.00 0.00 362,255.78 646,776.98
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 420,123,426.53 0.00 290,714.82 21,541.68 0.00 312,256.50 406,506,546.27
TOTAL: 420,123,423.99 13,616,880.26 2,945,405.61 1,561,490.77 0.00 18,123,776.64 406,506,543.73
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:04/19/99 11:24:30 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-APR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-MAR-1999
Series 1996-1
Monthly Certificate Holders Report
CLAS 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 1,060,120.75 0.00 0.00 69.76118147 13.68457808 811.22558763 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 0.00 296.40763766 0.00000000 529.21070503 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 68,834.90 0.00 0.00 0.00000000 6.24015162 981.01667987 7.60000 7.60000
R 0.00 0.00 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505AD4 290,714.82 0.00 0.00 0.00000000 0.65600512 917.29198767 0.83037 0.85718
TOTAL: 2,945,105.97 0.00 0.00
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:04/19/99 11:24:30 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 19-APR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-MAR-1999
Series 1996-1
Monthly Certificate Holders Report
<S> <C>
P & I Advances 166,458.82
Servicing Compensation 46,872.96
Beginning Balance(Mortgage Loans) 420,123,426.53
Ending Balance(Mortgage Loans) 406,506,546.27
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 85
Aggregate Mortgage Principal Balance 406,506,546.27
Weighted Average Remaining Term to Maturity 80.66
Weighted Average Mortgage Rate 8.57752%
# 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) 0
Balance of Loans Delinquent(3 month) 0.00
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 18,123,776.64
Scheduled Principal Distribution Amount 464,278.55
Unscheduled Principal Distribution Amount 13,152,601.71
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:04/16/99 17:30:08 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 19-APR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-MAR-1999
Series 1996-2
Monthly Certificate Holders Report
CLAS CUSIP BEG. BALANCE PRIN. DIST. INT. DIST. PREP PENAL COLL DEFICIT TOTAL DIST END BALANCE
<S> <C> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AN2 42,748,991.03 171,886.84 238,681.87 0.00 0.00 410,568.71 42,577,104.19
A-2 161505AP7 128,080,472.00 0.00 736,462.71 0.00 0.00 736,462.71 128,080,472.00
B 161505AQ5 17,027,021.00 0.00 97,905.37 0.00 0.00 97,905.37 17,027,021.00
C 161505AR3 15,717,250.00 0.00 90,374.19 0.00 0.00 90,374.19 15,717,250.00
D 161505AS1 13,097,708.00 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
E 161505AT9 5,239,083.00 0.00 30,124.73 0.00 0.00 30,124.73 5,239,083.00
F 161505AV4 13,097,708.00 0.00 75,311.82 0.00 0.00 75,311.82 13,097,708.00
G 161505AW2 9,168,396.00 0.00 52,718.28 0.00 0.00 52,718.28 9,168,396.00
H 161505AX0 6,548,854.00 0.00 27,799.20 0.00 0.00 27,799.20 6,548,854.00
R N/A 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AU6 250,725,484.67 0.00 309,208.89 0.00 0.00 309,208.89 250,553,597.83
TOTAL: 250,725,483.03 171,886.84 1,733,898.88 0.00 0.00 1,905,785.72 250,553,596.19
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:04/16/99 17:30:08 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 19-APR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-MAR-1999
Series 1996-2
Monthly Certificate Holders Report
CLAS CUSIP ACCR INT PRIN FACTOR INT FACTOR E. BAL FACTOR CURR RATE NEXT RATE
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505A 238,681.87 3.18440638 4.42186307 788.79105751 6.70000 6.70000
A-2 161505A 736,462.71 0.00000000 5.74999997 1,000.00000000 6.90000 6.90000
B 161505A 97,905.37 0.00000000 5.74999996 1,000.00000000 6.90000 6.90000
C 161505A 90,374.19 0.00000000 5.75000016 1,000.00000000 6.90000 6.90000
D 161505A 75,311.82 0.00000000 5.74999992 1,000.00000000 6.90000 6.90000
E 161505A 30,124.73 0.00000000 5.75000052 1,000.00000000 6.90000 6.90000
F 161505A 75,311.82 0.00000000 5.74999992 1,000.00000000 6.90000 6.90000
G 161505A 52,718.28 0.00000000 5.75000033 1,000.00000000 6.90000 6.90000
H 161505A 37,655.91 0.00000000 4.24489537 1,000.00000000 6.90000 6.90000
R N/A 0.00 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505A 0.00 0.00000000 1.18039311 956.47877478 1.47991 1.47992
TOTAL: 1,434,546.70
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:04/16/99 17:30:08 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 19-APR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 31-MAR-1999
Series 1996-2
Monthly Certificate Holders Report
<S> <C>
P & I Advances 79,255.39
Servicing Compensation 20,683.16
Trustee Compensation 1,796.87
Beginning Balance(Mortgage Loans) 247,480,053.46
Ending Balance(Mortgage Loans) 247,310,337.71
Beginning Balance(REO Loans) 3,245,431.21
Ending Balance(REO Loans) 3,243,260.12
Aggregate Number of Mortgage Loans 93
Aggregate Mortgage Principal Balance 250,553,597.83
Weighted Average Remaining Term to Maturity 84.46
Weighted Average Mortgage Rate 8.45353%
# 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) 3,287,941.92
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 4,150,000.00
Available Distribution Amount 1,905,785.72
Scheduled Principal Distribution Amount 171,886.84
Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
==============================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 1
RECORD DATE: 31-Mar-1999
- --------------------------------------------------------------------------------------------------------------
Original Beginning
Certificate Certificate Principal Interest
Class Cusip# Balance Balance Distribution Distribution
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 125,243,506.14 696,764.46 661,703.19
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 817,874,785.00 810,518,291.14 696,764.46 4,401,124.55
- --------------------------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------------------------------
Prepayment Collateral Support Ending
Penalties Deficit Total Principal
Class (PP/YMC) (Allocation/Reimb) Distribution Balance
- -----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 1,358,467.65 124,546,741.68
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 5,097,889.01 809,821,526.68
- -----------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------
Original Beginning
Notional Notional Interest
Class Cusip# Balance Balance Distribution
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
X 161505CA8 817,874,785.00 810,518,291.14 558,837.34
- -------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------
Prepayment Ending
Penalties Total Notional
Class (PP/YMC) Distribution Balance
- ----------------------------------------------------------------------
<S> <C> <C> <C>
X 0.00 558,837.34 809,821,526.68
- ----------------------------------------------------------------------
</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 5.2546339367 4.9902201357 939.2665285068 6.3400000%
A-2 161505BY7 0.0000000000 5.4666666629 1000.0000000000 6.5600000%
B 161505CB6 0.0000000000 5.4666666422 1000.0000000000 6.5600000%
C 161505CC4 0.0000000000 5.4666666884 1000.0000000000 6.5600000%
D 161505CD2 0.0000000000 5.4666665689 1000.0000000000 6.5600000%
E 161505CE0 0.0000000000 5.4666663732 1000.0000000000 6.5600000%
F 161505CF7 0.0000000000 5.4666667935 1000.0000000000 6.5600000%
G 161505CG5 0.0000000000 5.4666667808 1000.0000000000 6.5600000%
H 161505CH3 0.0000000000 5.2833335045 1000.0000000000 6.3400000%
I 161505CJ9 0.0000000000 5.2833343196 1000.0000000000 6.3400000%
J 161505CK6 0.0000000000 5.2833332716 1000.0000000000 6.3400000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505CA8 0.6832798 990.1534337 0.8273778% 1.20916958%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
--------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
--------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 2
RECORD DATE: 31-Mar-1999
<S> <C> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 30,745.71
SECTION 4.02 (a)(iv) Servicing Compensation 49,677.38
SECTION 4.02 (a)(iv) Trustee Compensation 4,052.59
SECTION 4.02 (a)(iv) Special Servicing
Compensation 3,377.18
SECTION 4.02 (a)(v) Aggregate Stated ---------------------------------------------------------------
Principal Balance Beginning Balance Ending Balance
---------------------------------------------------------------
Mortgage Loans 810,524,212.10 809,827,447.64
Reo Loans Outstanding 0.00 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of
Mortgages Loans 78
Aggregate Mortgage
Principal Balance 809,827,447.64
Weighted Average
Remaining Term
to Maturity 144.00
Weighted Average
Mortgage Rate 7.32%
---------------------------------------------------------------
Aggr Principal
SECTION 4.02 (a)(vii) Loans Delinquent 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 5,656,726.35
SECTION 4.02 (a)(x) Accrued Certificate ---------------------------------------------------------------
Interest Accrued Cert Cert Deferred
Class Interest Interest
---------------------------------------------------------------
A-1 661,703.19 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 558,837.34 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal
Distribution Amount 696,764.46
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 Cumulative
Unpaid Interest Unpaid Interest
Class Shortfall Shortfall
---------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual
Certificates 0.00
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
============================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 1
RECORD DATE: 31-Mar-1999
- ------------------------------------------------------------------------------------------------------------
Original Beginning
Certificate Certificate Principal Interest
Class Cusip# Balance Balance Distribution Distribution
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 194,290,850.26 915,738.32 975,501.98
A-2 161505CW0 720,598,732.00 720,598,732.00 0.00 3,837,188.25
B 161505CZ3 63,406,809.00 63,406,809.00 0.00 337,641.26
C 161505DA7 69,747,490.00 69,747,490.00 0.00 371,405.38
D 161505DB5 72,917,830.00 72,917,830.00 0.00 388,287.44
E 161505DC3 19,022,043.00 19,022,043.00 0.00 101,292.38
F 161505DD1 57,066,128.00 57,066,128.00 0.00 303,877.13
G 161505DE9 12,681,362.00 12,681,362.00 0.00 67,528.25
H 161505DF6 22,192,383.00 22,192,383.00 0.00 118,174.44
I 161505DG4 9,511,021.00 9,511,021.00 0.00 50,646.19
J 161505DH2 22,192,383.00 22,192,383.00 0.00 118,174.44
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- ------------------------------------------------------------------------------------------------------------
TOTALS 1,268,136,181.00 1,263,627,031.26 915,738.32 6,669,717.14
- ------------------------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------------------------
Prepayment Collateral Support Ending
Penalties Deficit Total Principal
Class (PP/YMC) (Allocation/Reimb) Distribution Balance
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 1,891,240.30 193,375,111.94
A-2 0.00 0.00 3,837,188.25 720,598,732.00
B 0.00 0.00 337,641.26 63,406,809.00
C 0.00 0.00 371,405.38 69,747,490.00
D 0.00 0.00 388,287.44 72,917,830.00
E 0.00 0.00 101,292.38 19,022,043.00
F N/A 0.00 303,877.13 57,066,128.00
G N/A 0.00 67,528.25 12,681,362.00
H N/A 0.00 118,174.44 22,192,383.00
I N/A 0.00 50,646.19 9,511,021.00
J N/A 0.00 118,174.44 22,192,383.00
R N/A N/A 0.00 N/A
LR N/A N/A 0.00 N/A
- ---------------------------------------------------------------------------------------------
TOTALS 0.00 0.00 7,585,455.46 1,262,711,292.94
- ---------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------
Original Beginning
Notional Notional Interest
Class Cusip# Balance Balance Distribution
- ---------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
X 161505CY6 1,268,136,181.00 1,263,627,031.26 804,348.52
- ---------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------
Prepayment Ending
Penalties Total Notional
Class (PP/YMC) Distribution Balance
- -------------------------------------------------------------------------
<S> <C> <C> <C>
X 0.00 804,348.52 1,262,711,292.94
- -------------------------------------------------------------------------
</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 4.60632958 4.90695161 972.71183068 0.06025000
A-2 161505CW0 0.00000000 5.32500000 1000.00000000 0.06390000
B 161505CZ3 0.00000000 5.32500003 1000.00000000 0.06390000
C 161505DA7 0.00000000 5.32499994 1000.00000000 0.06390000
D 161505DB5 0.00000000 5.32499993 1000.00000000 0.06390000
E 161505DC3 0.00000000 5.32500005 1000.00000000 0.06390000
F 161505DD1 0.00000000 5.32499997 1000.00000000 0.06390000
G 161505DE9 0.00000000 5.32499979 1000.00000000 0.06390000
H 161505DF6 0.00000000 5.32500002 1000.00000000 0.06390000
I 161505DG4 0.00000000 5.32500033 1000.00000000 0.06390000
J 161505DH2 0.00000000 5.32500002 1000.00000000 0.06390000
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- -------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- -------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- -------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505CY6 0.63427614 995.72215655 0.00763847 0.01247439
- -------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
CAROLINE LONERGAN
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-3674
GMAC COMMERCIAL MORTGAGE CORPORATION
SERVICER
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 2
RECORD DATE: 31-Mar-1999
<S> <C> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 28,925.15
SECTION 4.02 (a)(iv) Servicing Compensation 60,203.24
SECTION 4.02 (a)(iv) Trustee Compensation 6,054.92
SECTION 4.02 (a)(iv) Special Servicing
Compensation 5,265.11
SECTION 4.02 (a)(v) Aggregate Stated --------------------------------------------------------------
Principal Balance Beginning Balance Ending Balance
--------------------------------------------------------------
Mortgage Loans 1,263,627,032.74 1,262,711,294.42
Reo Loans Outstanding 0.00 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of
Mortgages Loans 98
Aggregate Mortgage
Principal Balance 1,262,711,294.42
Weighted Average
Remaining Term
to Maturity 120.00
Weighted Average
Mortgage Rate 6.98%
--------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Aggr Principal
Period Number Balance
--------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of
REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution
Amount 8,389,803.98
SECTION 4.02 (a)(x) Accrued Certificate --------------------------------------------------------------
Interest Accrued Cert Cert Deferred
Class Interest Interest
--------------------------------------------------------------
A-1 975,501.98 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 804,348.52 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal
Distribution Amount 915,738.32
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 Cumulative
Unpaid Interest Unpaid Interest
Class Shortfall Shortfall
--------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
--------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
==============================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 1
RECORD DATE: 31-Mar-1999
- --------------------------------------------------------------------------------------------------------------
Original Beginning
Certificate Certificate Principal Interest
Class Cusip# Balance Balance Distribution Distribution
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 67,283,424.55 572,096.15 407,625.41
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 76,533.32
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- --------------------------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 500,458,410.55 572,096.15 3,062,618.40
- --------------------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------
Prepayment Collateral Support Ending
Penalties Deficit Total Principal
Class (PP/YMC) (Allocation/Reimb) Distribution Balance
- ----------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 979,721.56 66,711,328.40
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 76,533.32 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 3,634,714.55 499,886,314.40
- ----------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------
Original Beginning
Notional Notional Interest
Class Cusip# Balance Balance Distribution
- -------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 Component 100,600,000.00 67,283,424.55 N/A
WAC Component 533,774,986.00 500,458,409.82 N/A
X 161505BA9 533,774,986.00 500,458,410.55 599,929.84
- -------------------------------------------------------------------------------------------
<CAPTION>
- ---------------------------------------------------------------------------
Prepayment Ending
Penalties Total Notional
Class (PP/YMC) Distribution Balance
- ---------------------------------------------------------------------------
<S> <C> <C> <C>
A-1 N/A N/A 66,711,328.40
WAC N/A N/A 499,886,313.67
X 0.00 599,929.84 499,886,314.40
- ---------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Principal Interest End. Principal Pass Through
Class Cusip# Distribution Distribution Balance Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AY8 5.6868404573 4.0519424453 663.1344771372 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666735 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 5.7352498125 1000.0000000000 7.3700000%
R N/A N/A N/A N/A N/A
LR N/A N/A N/A N/A N/A
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
FACTOR INFORMATION PER $1,000
- ---------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip# Distribution Balance Through Rate Through Rate
- ---------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 Component N/A N/A 0.1000000% 0.10000000%
WAC Component N/A N/A 1.4250684% 1.42505419%
X 161505BA9 1.1239377 936.5113157 1.4385128% 1.43839949%
- ---------------------------------------------------------------------------------------------------------------
</TABLE>
================================================================================
IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
--------------------------------------------------
DIANE WALLACE
CHASE MANHATTAN BANK - STRUCTURED FINANCE SERVICES
450 WEST 33RD STREET
NEW YORK, NEW YORK 10001
(212) 946-8583
--------------------------------------------------
THE CHASE MANHATTAN BANK
SERVICER
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 2
RECORD DATE: 31-Mar-1999
<S> <C> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 247,875.53
SECTION 4.02 (a)(iv) Servicing Compensation 40,851.50
SECTION 4.02 (a)(iv) Trustee Compensation 2,669.13
SECTION 4.02 (a)(iv) Special Servicing
Compensation 5,423.38
SECTION 4.02 (a)(v) Aggregate Stated ---------------------------------------------------------------
Principal Balance Beginning Balance Ending Balance
---------------------------------------------------------------
Mortgage Loans 500,458,409.82 499,886,313.67
Reo Loans Outstanding 0.00 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of
Mortgages Loans 104
Aggregate Mortgage
Principal Balance 499,886,313.67
Weighted Average
Remaining Term
to Maturity 102.00
Weighted Average
Mortgage Rate 8.899%
---------------------------------------------------------------
Aggr Principal
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Balance
---------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 1 1,710,463.46
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 4,234,644.39
SECTION 4.02 (a)(x) Accrued Certificate ---------------------------------------------------------------
Interest Accrued Cert Cert Deferred
Class Interest Interest
---------------------------------------------------------------
A-1 407,625.41 0.00
A-2 1,742,501.33 0.00
B 163,913.40 0.00
C 163,913.40 0.00
D 180,304.74 0.00
E 65,565.36 0.00
F 180,304.74 0.00
G 32,782.68 0.00
H 49,174.02 0.00
I 81,956.70 0.00
X 599,929.84 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal
Distribution Amount 572,096.15
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 Cumulative
Unpaid Interest Unpaid Interest
Class Shortfall Shortfall
---------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 5,423.38 41,846.55
X 0.00 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual
Certificates 0.00
(Copyright) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 1
RECORD DATE: 31-Mar-1999
- --------------------------------------------------------------------------------------------------------------
Original Beginning
Certificate Certificate Principal Interest
Class Cusip# Balance Balance Distribution Distribution
- --------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 169,817,131.57 744,291.42 912,767.08
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 76,795.73
R N/A N/A N/A N/A 0.00
LR N/A N/A N/A N/A 0.00
- --------------------------------------------------------------------------------------------------------------
TOTALS 813,992,373.00 787,809,504.57 744,291.42 4,310,174.10
- --------------------------------------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------
Prepayment Collateral Support Ending
Penalties Deficit Total Principal
Class (PP/YMC) (Allocation/Reimb) Distribution Balance
- ------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 1,657,058.50 169,072,840.15
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 76,795.73 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 5,054,465.52 787,065,213.15
- ------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- -------------------------------------------------------------------------------------------
Original Beginning
Notional Notional Interest
Class Cusip# Balance Balance Distribution
- -------------------------------------------------------------------------------------------
A-1 Component 196,000,000.00 169,817,131.57 N/A
WAC Component 813,992,373.00 787,809,504.57 N/A
X 161505BM3 813,992,373.00 787,809,504.57 1,043,573.73
- -------------------------------------------------------------------------------------------
<CAPTION>
- -----------------------------------------------------------------------
Prepayment Ending 6,098,039.25
Penalties Total Notional
Class (PP/YMC) Distribution Balance
- -----------------------------------------------------------------------
<S> <C> <C> <C>
A-1 N/A N/A 169,072,840.15
WAC N/A N/A 787,065,213.15
X 0.00 1,043,573.73 787,065,213.15
- -----------------------------------------------------------------------
</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 3.7974052041 4.6569749091 862.6165313776 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 5.3911164550 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 1.4594305% 1.45951456%
X 161505BM3 1.2820436 966.9196411 1.5895828% 1.49170626%
- ---------------------------------------------------------------------------------------------------------------
</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
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- --------------------------------------------------------------------------------
<PAGE>
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
====================================================================================================================================
DISTRIBUTION DATE: 19-Apr-1999 PAGE # 2
RECORD DATE: 31-Mar-1999
<S> <C> <C> <C> <C> <C>
SECTION 4.02 (a)(iii) P & I Advances 585,272.73
SECTION 4.02 (a)(iv) Servicing Compensation 61,079.73
SECTION 4.02 (a)(iv) Trustee Compensation 3,775.00
SECTION 4.02 (a)(iv) Special Servicing
Compensation 1,551.03
SECTION 4.02 (a)(v) Aggregate Stated --------------------------------------------------------------
Principal Balance Beginning Balance Ending Balance
--------------------------------------------------------------
Mortgage Loans 787,817,725.46 787,073,434.04
Reo Loans Outstanding 4,936,230.69 4,928,555.76
--------------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of
Mortgages Loans 167
Aggregate Mortgage
Principal Balance 787,073,434.04
Weighted Average
Remaining Term
to Maturity 103.00
Weighted Average
Mortgage Rate 8.16%
---------------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Aggr Principal
Period Number Balance
---------------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of
REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution
Amount 6,098,039.25
SECTION 4.02 (a)(x) Accrued Certificate ---------------------------------------------------------------
Interest Accrued Cert Cert Deferred
Class Interest Interest
---------------------------------------------------------------
A-1 912,767.08 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 1,043,573.73 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal
Distribution Amount 744,291.42
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
----------------------------------------------------------------
190000008 93,659.26 515.13
---------------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans
Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance
of Mortgage Loans
Extended or Modified 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xviii) Class Unpaid Interest
Shortfall Current Cumulative
Unpaid Interest Unpaid Interest
Class Shortfall Shortfall
---------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 1,551.03 8,942.83
X 0.00 0.00
---------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual
Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
- ------------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
Exhibit 20.2
<TABLE>
<CAPTION>
RUN DATE:02/16/99 16:27:08 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 18-FEB-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 29-JAN-1999
Series 1996-1
Monthly Certificate Holders Report
CLAS 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 171,125,182.20 479,375.24 1,083,792.82 0.00 0.00 1,563,168.06 170,645,806.96
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 17,726,375.0
H 161505AL6 11,078,984.00 0.00 64,317.21 0.00 0.00 64,317.21 11,078,981.47
P 161505AC6 1,012,083.58 1,516.70 0.00 0.00 0.00 1,516.70 1,010,566.88
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 424,074,487.31 0.00 293,990.22 0.00 0.00 293,990.22 423,593,597.37
TOTAL: 424,074,486.78 480,891.94 2,967,535.75 0.00 0.00 3,448,427.69 423,593,594.84
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:03/16/99 16:27:08 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 18-FEB-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 29-JAN-1999 Series 1996-1
Monthly Certificate Holders Report
CLAS 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 1,083,792.82 0.00 0.00 2,52302758 5.70417274 880.98676911 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 1.24100563 0.00000000 825.61834270 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 0.00 0.00000000 5.80533197 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 293,990.22 0.00 0.00 0.00000000 0.66339614 955.84933739 0.83190 0.83188
TOTAL: 2,973,385.44 0.00 0.00
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:03/16/99 16:27:08 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 18-FEB-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 29-JAN-1999
Series 1996-1
Monthly Certificate Holders Report
<S> <C>
P & I Advances 67,077.90
Servicing Compensation 52,426.27
Beginning Balance(Mortgage Loans) 421,081,585.27
Ending Balance(Mortgage Loans) 420,604,356.52
Beginning Balance(REO Loans) 0.00
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 86
Aggregate Mortgage Principal Balance 423,593,597.37
Weighted Average Remaining Term to Maturity 82.70
Weighted Average Mortgage Rate 8.54745%
# 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) 2,989,240.85
# 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 3,448,427.69
Scheduled Principal Distribution Amount 480,891.94
Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:03/16/99 16:27:08 Chase Commercial Mortgage Securities Corp. Page 1
DIST. DATE: 18-MAR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 26-FEB-1999
Series 1996-1
Monthly Certificate Holders Report
CLAS 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 170,645,806.96 3,258,320.83 1,080,756.78 0.00 0.00 4,339,077.61 167,387,486.13
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 11,078,981.47 0.00 48,340.97 0.00 210,315.90 48,340.97 10,868,668.10
P 161505AC6 1,010,566.88 1,534.12 0.00 0.00 0.00 1,534.12 1,009,032.76
R 0.00 0.00 0.00 0.00 0.00 0.00 0.00
X 161505AD4 423,593,597.37 0.00 293,650.33 0.00 0.00 293,650.33 420,123,426.53
TOTAL: 423,593,592.31 3,259,854.95 2,948,183.58 0.00 210,315.90 6,208,038.53 420,123,423.99
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:03/16/99 16:27:08 Chase Commercial Mortgage Securities Corp. Page 2
DIST. DATE: 18-MAR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 26-FEB-1999
Series 1996-1
Monthly Certificate Holders Report
CLAS 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 1,080,756.78 0.00 0.00 17.14905700 5.68819358 880.98676911 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 1.25525916 0.00000000 825.61834270 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 0.00 0.00000000 4.36330353 981.01667987 7.60000 7.60000
R 0.00 0.00 -0.01 0.00000000 0.00000000 0.00000000 0.00000 0.00000
X 161505AD4 293,650.33 0.00 0.00 0.00000000 0.66262917 948.01881181 0.83188 0.83037
TOTAL: 2,970,009.51 0.00 -0.01
1
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
RUN DATE:03/16/99 16:27:08 Chase Commercial Mortgage Securities Corp. Page 3
DIST. DATE: 18-MAR-1999 Commercial Mortgage Pass-Through Certificates
REC. DATE: 26-FEB-1999
Series 1996-1
Monthly Certificate Holders Report
<S> <C>
P & I Advances 0.00
Servicing Compensation 47,979.63
Beginning Balance(Mortgage Loans) 420,604,356.52
Ending Balance(Mortgage Loans) 420,123,426.53
Beginning Balance(REO Loans) 2,989,240.85
Ending Balance(REO Loans) 0.00
Aggregate Number of Mortgage Loans 86
Aggregate Mortgage Principal Balance 420,123,426.53
Weighted Average Remaining Term to Maturity 81.67
Weighted Average Mortgage Rate 8.54600%
# 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) 0
Balance of Loans Delinquent(3 month) 0.00
# of Loans Delinquent(In Foreclosure) 0
Balance of Loans Delinquent(In Foreclosure) 0.00
Appraisal Value of REO Property 0.00
Available Distribution Amount 6,208,038.53
Scheduled Principal Distribution Amount 480,930.00
Unscheduled Principal Distribution Amount 2,778,924.95
</TABLE>
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
Dist. Date: 19-FEB-1999
Record Date: 29-JAN-1999
<TABLE>
<CAPTION>
- --------------------------------------------------------------------------------------------------
Original Beginning
Certificate Certificate Principal Interest
Class Cusip # Balance Balance Distribution Distribution
- --------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AN2 53,977,671.00 44,456,142.19 170,794.71 248,213.48
A-2 161505AP7 128,080,472.00 128,080,472.00 0.00 736,462.71
B 161505AQ5 17,027,021.00 17,027,021.00 0.00 97,905.37
C 161505AR3 15,717,250.00 15,717,250.00 0.00 90,374.19
D 161505AS1 13,097,708.00 13,097,708.00 0.00 75,311.82
E 161505AT9 5,239,083.00 5,239,083.00 0.00 30,124.73
F 161505AV4 13,097,708.00 13,097,708.00 0.00 75,311.82
G 161505AW2 9,168,396.00 9,168,396.00 0.00 52,718.28
H 161505AX0 6,548,854.00 6,548,854.00 0.00 26,535.25
R N/A 0.00 0.00 0.00 0.00
- --------------------------------------------------------------------------------------------------
Total 261,954,163.00 252,432,634.18 170,794.71 1,432,957.63
- --------------------------------------------------------------------------------------------------
<CAPTION>
- -------------------------------------------------------------------------------------
Collateral
Support
Prepayment Deficit Ending
Penalties Allocation/ Total Certificate
Class (PP/YMC) (Remib) Distribution Balance
- -------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
A-1 0.00 0.00 419,008.17 44,285,347.48
A-2 0.00 0.00 736,462.71 128,080,472.00
B 0.00 0.00 97,905.37 17,027,021.00
C 0.00 0.00 90,374.19 15,717,250.00
D 0.00 0.00 75,311.82 13,097,708.00
E 0.00 0.00 30,124.73 5,239,083.00
F 0.00 0.00 75,311.82 13,097,708.00
G 0.00 0.00 52,718.28 9,168,396.00
H 0.00 0.00 26,535.25 6,548,854.00
R 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------------
Total 0.00 0.00 1,603,752.34 252,261,839.48
- -------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------------------------
Original Beginning
Notional Notional Interest
Class Cusip # Amount Amount Distribution
- ----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
X 161505AU6 261,954.164.00 252,432,635.83 310,671.07
- ----------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------
Prepayment Ending
Penalties Total Notional
Class (PP/YMC) Distribution Balance
- ----------------------------------------------------------------------------------
<S> <C> <C> <C>
X 0.00 310,671.07 252,261,841.12
- ----------------------------------------------------------------------------------
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Factor Information Per $1,000
- ------------------------------------------------------------------------------------------------------------------------------
Principal Interest End Prin. Pass Through
Class Cusip# Distribution Distribution Balance Rate
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AN2 3.16417339 4.59844701 820.43827864 6.70000%
A-2 161505AP7 0.00000000 5.74999997 1,000.00000000 6.90000%
B 161505AQ5 0.00000000 5.74999996 1,000.00000000 6.90000%
C 161505AR3 0.00000000 5.75000016 1,000.00000000 6.90000%
D 161505AS1 0.00000000 5.74999992 1,000.00000000 6.90000%
E 161505AT9 0.00000000 5.75000052 1,000.00000000 6.90000%
F 161505AV4 0.00000000 5.74999992 1,000.00000000 6.90000%
G 161505AW2 0.00000000 5.75000033 1,000.00000000 6.90000%
H 161505AX0 0.00000000 4.05189213 1,000.00000000 6.90000%
R N/A 0.00000000 0.00000000 0.00000000 0.00000%
- ------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
Dist Date: 19-FEB-1999
Record Date: 29-JAN-1999
- -------------------------------------------------------------------------------------------------------------------
Factor Information Per $1,000 Pass Through Rates
- -------------------------------------------------------------------------------------------------------------------
Interest Ending Notional Current Pass Next Pass
Class Cusip # Distribution Balance Through Rate Through Rate
- -------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505AU6 1.18597492 962.99992819 1.47685% 1.47687%
- -------------------------------------------------------------------------------------------------------------------
Sec. 4.02 (a) (iii) P & I Advances 98,493.75
Sec. 4.02 (a) (iv) Servicing Corporation 20,849.22
Sec. 4.02 (a) (iv) Trustee Compensation 1,809.10
Sec. 4.02 (a) (v) Aggregate Stated Principal
Balance ------------------------------------------------------------
Beginning Ending
Balance Balance
------------------------------------------------------------
Mortgage Loans 252,432,635.83 249,014,255
Reo Loans Outstanding 0.00 3,247,585
------------------------------------------------------------
Sec. 4.02 (a) (vi) Aggregate Number of Mortgage Loans 94
Aggregate Mortgage Principal Balance 252,261,841.12
Weighted Average Remaining Term to Maturity 86.43
Weighted Average Mortgage Rate 8.44947%
------------------------------------------------------------
Sec. 4.02 (a) (vii) Loans Delinquent Aggregate Principal
Period Number Balance
------------------------------------------------------------
1 Month 2 2,250,625.88
2 Months 0 0.00
3 Months or more 1 3,292,400.31
In Foreclosure 0 0.00
------------------------------------------------------------
Sec. 4.02 (a) (viii) Appraisal Value of REO Property 4,150,000.00
Sec. 4.02 (a) (ix) Available Distribution Amount 1,914,423.41
Sec. 4.02 (a) (x) Accrued Certificate Interest ---------------------------------------------------------
Accrued Cert. Cert. Deferred
Class Interest Interest
---------------------------------------------------------
A-1 248,213.46 0.00
A-2 736,462.71 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 0.00
X 0.00 0.00
---------------------------------------------------------
Sec. 4.02 (a) (xiii) Scheduled Principal Distribution Amount 170,794.71
Sec. 4.02 (a) (xiii) Unscheduled Principal Distribution Amount 0.00
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
Dist Date: 19-FEB-1999
Record Date: 29-JAN-1999
--------------------------------------------------
Sec. 4.02 (a) (xvi) Appraisal Reduction Amounts Appraisal Appraisal
Reductions Reductions
Loan Number Effected Amounts
--------------------------------------------------
<S> <C> <C> <C>
563970126 904,298.82 5,199.72
--------------------------------------------------
Sec. 4.02 (a) (xvii) Number of Loans Extended or Modified 0.00
Sec. 4.02 (a) (xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
-------------------------------------------------------
Sec. 4.02 (a) (xviii) Class Unpaid Interest Current Unpaid Cumulative Unpaid
Shortfall 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 11,120.66 42,408.75
X 0.00 0.00
-------------------------------------------------------
Sec. 4.02 (a) (xx) Distribution to Residual Certificates 0.00
</TABLE>
<PAGE>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
Dist. Date: 19-MAR-1999
Record Date: 26-FEB-1999
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
Original Beginning
Certificate Certificate Principal Interest
Class Cusip # Balance Balance Distribution Distribution
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AN2 53,977,671.00 44,285,347.48 1,536,356.45 247,259.86
A-2 161505AP7 128,080,472.00 128,080,472.00 0.00 736,462.71
B 161505AQ5 17,027,021.00 17,027,021.00 0.00 97,905.37
C 161505AR3 15,717,250.00 15,717,250.00 0.00 90,374.19
D 161505AS1 13,097,708.00 13,097,708.00 0.00 75,311.82
E 161505AT9 5,239,083.00 5,239,083.00 0.00 30,124.73
F 161505AV4 13,097,708.00 13,097,708.00 0.00 75,311.82
G 161505AW2 9,168,396.00 9,168,396.00 0.00 52,718.28
H 161505AX0 6,548,854.00 6,548,854.00 0.00 28,755.64
R N/A 0.00 0.00 0.00 0.00
- ---------------------------------------------------------------------------------------------------
- ---------------------------------------------------------------------------------------------------
Total 261,954,163.00 252,261,839.48 1,536,356.45 1,434,224.42
- ---------------------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------
Collateral
Support
Prepayment Deficit Ending
Penalties Allocation/ Total Certificate
Class (PP/YMC) (Remib) Distribution Balance
- -------------------------------------------------------------------------------------
A-1 134,708.99 0.00 1,918,325.30 44,748,991.03
A-2 0.00 0.00 736,462.71 128,080,472.00
B 0.00 0.00 97,905.37 17,027,021.00
C 0.00 0.00 90,374.19 15,717,250.00
D 0.00 0.00 75,311.82 13,097,708.00
E 0.00 0.00 30,124.73 5,239,083.00
F 0.00 0.00 75,311.82 13,097,708.00
G 0.00 0.00 52,718.28 9,168,396.00
H 0.00 0.00 28,755.64 6,548,854.00
R 0.00 0.00 0.00 0.00
- -------------------------------------------------------------------------------------
- -------------------------------------------------------------------------------------
Total 134,708.99 0.00 3,105,289.86 250,725,483.03
- -------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
- ---------------------------------------------------------------------------------------------------
Original Beginning
Notional Notional Interest
Class Cusip # Amount Amount Distribution
- ---------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C>
X 161505AU6 261,954.164.00 252,261,841.12 310,464.52
- ---------------------------------------------------------------------------------------------------
<CAPTION>
- ----------------------------------------------------------------------------------
Prepayment Ending
Penalties Total Notional
Class (PP/YMC) Distribution Balance
- ----------------------------------------------------------------------------------
<S> <C> <C> <C>
X 82.187136 392,651.86 250,725,484.67
- ----------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
Factor Information Per $1,000
- -----------------------------------------------------------------------------------------------------------------------------------
Class Cusip # Principal Distribution Interest Distribution End Prin. Balance Pass Through Rate
- -----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
A-1 161505AN2 28.46281474 7.61005991 791.97546389 6.70000%
A-2 161505AP7 0.00000000 5.74999997 1,000.00000000 6.90000%
B 161505AQ5 0.00000000 5.74999996 1,000.00000000 6.90000%
C 161505AR3 0.00000000 5.75000016 1,000.00000000 6.90000%
D 161505AS1 0.00000000 5.74999992 1,000.00000000 6.90000%
E 161505AT9 0.00000000 5.75000052 1,000.00000000 6.90000%
F 161505AV4 0.00000000 5.74999992 1,000.00000000 6.90000%
G 161505AW2 0.00000000 5.75000033 1,000.00000000 6.90000%
H 161505AX0 0.00000000 4.39094229 1,000.00000000 6.90000%
R N/A 0.00000000 0.00000000 0.00000000 0.00000%
- -----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
Dist. Date: 19-MAR-1999
Record Date: 26-FEB-1999
Factor Information Per $1,000 Pass Through Rates
- ------------------------------------------------------------------------------------------------------------
Ending Notional Current Pass Next Pass
Class Cusip # Interest Distribution Balance Through Rate Through Rate
- ------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C>
X 161505AU6 1.49893353 957.1349462 1.47687% 1.47991%
- ------------------------------------------------------------------------------------------------------------
Sec. 4.02 (a) (iii) P & I Advances 108,900.36
Sec. 4.02 (a) (iv) Servicing Corporation 20,834.42
Sec. 4.02 (a) (iv) Trustee Compensation 1,807.88
Sec. 4.02 (a) (v) Aggregate Stated Principal Balance
----------------------------------------------------------
Beginning Ending
Balance Balance
----------------------------------------------------------
Mortgage Loans 249,014,255.20 247,480,053.00
Reo Loans Outstanding 3,247,585.92 32,454.31
----------------------------------------------------------
Sec. 4.02 (a) (vi) Aggregate Number of Mortgage Loans 93
Aggregate Mortgage Principal Balance 250,725,484.67
Weighted Average Remaining Term to Maturity 85.45
Weighted Average Mortgage Rate 8.45340%
----------------------------------------------------------
Sec. 4.02 (a) (vii) Loans Delinquent Aggregate Principal
Period Number Balance
----------------------------------------------------------
1 Month 3 3,152,679.68
2 Months 0 0.00
3 Months or more 1 3,290,179.56
In Foreclosure 0 0.00
----------------------------------------------------------
Sec. 4.02 (a) (viii) Appraisal Value of REO Property 4,150,000.00
Sec. 4.02 (a) (ix) Available Distribution Amount 3,528,024.62
-----------------------------------------------------
Sec. 4.02 (a) (x) Accrued Certificate Interest Accrued Cert. Cert. Deferred
Class Interest Interest
-----------------------------------------------------
A-1 247,259.86 0.00
A-2 736,462.71 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 0.00
X 0.00 0.00
-----------------------------------------------------
Sec. 4.02 (a) (xiii) Scheduled Principal Distribution Amount 170,710.74
Sec. 4.02 (a) (xiii) Unscheduled Principal Distribution Amount 1,365,645.71
</TABLE>
<PAGE>
<TABLE>
<CAPTION>
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 1996-2
STATEMENT TO CERTIFICATEHOLDERS
Dist. Date: 19-MAR-1999
Record Date: 26-FEB-1999
------------------------------------------------
Sec. 4.02 (a) (xvi) Appraisal Reduction Amounts Appraisal Appraisal
Reductions Reductions
Loan Number Effected Amounts
------------------------------------------------
<S> <C> <C> <C>
563970126 904,527.17 5,201.03
------------------------------------------------
Sec. 4.02 (a) (xvii) Number of Loans Extended or Modified 0.00
Sec. 4.02 (a) (xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
-----------------------------------------------------
Sec. 4.02 (a) (xviii) Class Unpaid Interest Current Unpaid Cumulative Unpaid
Shortfall 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 8,900.27 51,309.20
X 0.00 0.00
-----------------------------------------------------
Sec. 4.02 (a) (xx) Distribution to Residual Certificates 238,078.96
</TABLE>
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