<PAGE>
================================================================================
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
Form 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report: September 20, 1999
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
(formerly known as "Chemical Commercial Mortgage Securities Corp.")
-------------------------------------------------------------------
(Exact Name of Registrant)
New York 333-05271 13-3728743
- ---------------------------- ------------------------ -------------------
(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
380 Madison Avenue, New York 10017-2951
-------------------------------------- ----------
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (212) 622-3510
================================================================================
<PAGE>
Item 5. Other Events:
On or about 9/20/99, Chase Commercial Mortgage Securities Corp. (the
"Depositor") made the distributions to holders of its Mortgage Pass-Through
Certificates, Series 1996-1, Series 1996-2, Series 1997-1, Series 1997-2, Series
1998-1 and Series 1998-2 contemplated by the applicable Pooling and Servicing
Agreements for such Series (collectively, the "Pooling and Servicing
Agreements").
Copies of the Certificateholders' Reports with respect to such
distributions delivered pursuant to Section 4.02 of the applicable Pooling and
Servicing Agreements are being filed as exhibits to this Current Report on Form
8-K.
Item 7(c). Exhibits
Exhibits Description
-------- -----------
20.1 Monthly Reports with respect to the September 20,
1999 distribution
<PAGE>
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has caused this report to be signed on its behalf by the
undersigned thereunto duly authorized.
Dated: October 1, 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 September 20, 1999.
<PAGE>
Exhibit 20.1
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 1
RECORD DATE: 31-Aug-1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Collateral Support
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit
Balance Balance Distribution Distribution (PP/YMC) (Allocation/Reimb)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505AY8 100,600,000.00 64,380,139.33 593,658.15 390,036.34 0.00 0.00
A-2 161505AZ6 283,717,991.00 283,717,991.00 0.00 1,742,501.33 0.00 0.00
B 161505BB7 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00 0.00
C 161505BC5 26,688,749.00 26,688,749.00 0.00 163,913.40 0.00 0.00
D 161505BD3 29,357,624.00 29,357,624.00 0.00 180,304.74 0.00 0.00
E 161505BE1 10,675,500.00 10,675,500.00 0.00 65,565.36 0.00 0.00
F 161505BF8 29,357,624.00 29,357,624.00 0.00 180,304.74 N/A 0.00
G 161505BG6 5,337,750.00 5,337,750.00 0.00 32,782.68 N/A 0.00
H 161505BH4 8,006,625.00 8,006,625.00 0.00 49,174.02 N/A 0.00
I 161505BJ0 13,344,374.00 13,344,374.00 0.00 81,956.70 N/A 0.00
R N/A N/A N/A N/A 0.00 N/A N/A
LR N/A N/A N/A N/A 0.00 N/A N/A
- ----------------------------------------------------------------------------------------------------------------------------------
TOTALS 533,774,986.00 497,555,125.33 593,658.15 3,050,452.71 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------
Total Ending
Class Distribution Principal
Balance
- --------------------------------------------
A-1 983,694.49 63,786,481.18
A-2 1,742,501.33 283,717,991.00
B 163,913.40 26,688,749.00
C 163,913.40 26,688,749.00
D 180,304.74 29,357,624.00
E 65,565.36 10,675,500.00
F 180,304.74 29,357,624.00
G 32,782.68 5,337,750.00
H 49,174.02 8,006,625.00
I 81,956.70 13,344,374.00
R 0.00 N/A
LR 0.00 N/A
- --------------------------------------------
TOTALS 3,644,110.86 496,961,467.18
- --------------------------------------------
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 100,600,000.00 64,380,139.33 N/A N/A N/A 63,786,481.18
WAC Component 533,774,986.00 497,555,124.60 N/A N/A N/A 496,961,466.45
X 161505BA9 533,774,986.00 497,555,125.33 596,209.56 0.00 596,209.56 496,961,467.18
- ------------------------------------------------------------------------------------------------------------------------------
</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 5.9011744533 3.8771007952 634.0604491054 7.2700000%
A-2 161505AZ5 0.0000000000 6.1416666735 1000.0000000000 7.3700000%
B 161505BB7 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
C 161505BC5 0.0000000000 6.1416666626 1000.0000000000 7.3700000%
D 161505BD3 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
E 161505BE1 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
F 161505BF8 0.0000000000 6.1416666417 1000.0000000000 7.3700000%
G 161505BG6 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
H 161505BH4 0.0000000000 6.1416664325 1000.0000000000 7.3700000%
I 161505BJ0 0.0000000000 6.1416670927 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 1.4249948% 1.42497938%
X 161505BA9 1.1169680 931.0317647 1.4379341% 1.43781468%
- ------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 2
RECORD DATE: 31-Aug-1999
<TABLE>
<S> <C>
SECTION 4.02 (a)(iii) P & I Advances 119,154.08
SECTION 4.02 (a)(iv) Servicing Compensation 40,614.35
SECTION 4.02 (a)(iv) Trustee Compensation 2,663.63
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 497,555,124.60 496,961,466.45
Reo Loans Outstanding 0.00 0.00
--------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgage Loans 104
Aggregate Mortgage Principal Balance 496,961,466.45
Weighted Average Remaining Term to Maturity 96.00
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 1,703,044.90
In Foreclosure 0 0.00
----------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 4,240,320.42
------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------
A-1 390,036.34 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 596,209.56 0.00
------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 593,658.15
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 49,719.98
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 1
RECORD DATE: 31-Aug-1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Collateral Support
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit
Balance Balance Distribution Distribution (PP/YMC) (Allocation/Reimb)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BK7 196,000,000.00 165,912,962.77 771,082.02 891,782.17 0.00 0.00
A-2 161505BL5 390,074,509.00 390,074,509.00 0.00 2,145,409.80 0.00 0.00
B 161505BN1 32,559,695.00 32,559,695.00 0.00 179,078.32 0.00 0.00
C 161505BP6 48,839,542.00 48,839,542.00 0.00 268,617.48 0.00 0.00
D 161505BQ4 44,769,581.00 44,769,581.00 0.00 246,232.70 0.00 0.00
E 161505BR2 12,209,885.00 12,209,885.00 0.00 67,154.37 0.00 0.00
F 161505BS0 48,839,542.00 48,839,542.00 0.00 268,617.48 N/A 0.00
G 161505BT8 6,104,943.00 6,104,943.00 0.00 33,577.19 N/A 0.00
H 161505BU5 12,209,886.00 12,208,886.00 0.00 67,154.37 N/A 0.00
I 161505BV3 8,139,924.00 8,139,924.00 0.00 44,769.58 N/A 0.00
J 161505BW1 14,244,866.00 14,244,866.00 0.00 76,507.14 N/A 0.00
R N/A N/A N/A N/A 0.00 N/A 0.00
LR N/A N/A N/A N/A 0.00 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
TOTALS 813,992,373.00 783,905,335.77 771,082.02 4,288,900.60 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------
Total Ending
Class Distribution Principal
Balance
- -------------------------------------------
A-1 1,662,874.19 165,141,870.75
A-2 2,145,409.80 390,074,509.00
B 179,078.32 32,559,695.00
C 268,617.48 48,839,542.00
D 246,232.70 44,769,581.00
E 67,154.37 12,209,885.00
F 268,617.48 48,839,542.00
G 33,577.19 6,104,943.00
H 67,154.37 12,209,886.00
I 44,769.58 8,139,924.00
J 76,507.14 14,244,866.00
R 0.00 0.00
LR 0.00 0.00
- -------------------------------------------
TOTALS 5,059,992.62 783,134,243.75
- -------------------------------------------
<TABLE>
<CAPTION>
- -----------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- -----------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 Component 196,000,000.00 165,912,962.77 N/A N/A N/A 165,141,870.75
WAC Component 813,992,373.00 783,905,335.77 N/A N/A N/A 783,134,243.75
X 161505BM3 813,992,373.00 783,905,335.77 1,038,079.19 0.00 1,038,079.19 783,134,243.75
- ------------------------------------------------------------------------------------------------------------------------------
</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 3.9341429592 4.5499090556 842.5605650510 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 5.3708568514 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
- ------------------------------------------------------------------------------------------------------
</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 0.1500000% 0.15000000%
WAC Component N/A N/A 1.4596606% 1.45968123%
X 161505BM3 1.2752935 962.0903951 1.5890886% 1.58896164%
- ------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1997-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 2
RECORD DATE: 31-Aug-1999
<TABLE>
<S> <C>
SECTION 4.02 (a)(iii) P & I Advances 134,863.73
SECTION 4.02 (a)(iv) Servicing Compensation 60,777.32
SECTION 4.02 (a)(iv) Trustee Compensation 3,756.25
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 783,913,556.66 783,142,464.64
Reo Loans Outstanding 4,904,539.75 4,900,090.95
--------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgagee Loans 167
Aggregate Mortgage Principal Balance 783,142,464.64
Weighted Average Remaining Term to Maturity 97.00
Weighted Average Mortgage Rate 8.16%
----------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
----------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
----------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 6,098,071.81
------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
------------------------------------------------------
A-1 891,782.17 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 1,038,079.19 0.00
------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 771,092.02
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 0.00
----------------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
----------------------------------------------------------
190000008 308,555.64 1,697.06
----------------------------------------------------------
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 1,839.63 15,867.23
X 0.00 0.00
------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 1
RECORD DATE: 31-Aug-1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Collateral Support
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit
Balance Balance Distribution Distribution (PP/YMC) (Allocation/Reimb)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505BX9 132,600,000.00 121,586,783.80 719,481.30 642,383.51 0.00 0.00
A-2 161505BY7 464,448,593.00 464,448,593.00 0.00 2,538,985.64 0.00 0.00
B 161505CB6 32,714,991.00 32,714,991.00 0.00 178,841.95 0.00 0.00
C 161505CC4 49,072,487.00 49,072,487.00 0.00 268,262.93 0.00 0.00
D 161505CD2 44,983,113.00 44,983,113.00 0.00 245,907.68 0.00 0.00
E 161505CE0 12,268,122.00 12,268,122.00 0.00 67,065.73 0.00 0.00
F 161505CF7 36,804,365.00 36,804,365.00 0.00 201,197.20 N/A 0.00
G 161505CG5 8,178,748.00 8,178,748.00 0.00 44,710.49 N/A 0.00
H 161505CH3 18,402,183.00 18,402,183.00 0.00 97,224.87 N/A 0.00
I 161505CJ9 4,089,374.00 4,089,374.00 0.00 21,605.53 N/A 0.00
J 161505CK6 14,312,809.00 14,312,809.00 0.00 75,619.34 N/A 0.00
R N/A N/A N/A N/A 0.00 N/A N/A
LR N/A N/A N/A N/A 0.00 N/A N/A
- --------------------------------------------------------------------------------------------------------------------------
TOTALS 817,874,785.00 806,861,568.80 719,481.30 4,381,804.87 0.00 0.00
- --------------------------------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------
Total Ending
Class Distribution Principal
Balance
- -------------------------------------------
A-1 1,361,864.81 120,867,302.50
A-2 2,538,985.64 464,448,593.00
B 178,841.95 32,714,991.00
C 268,262.93 49,072,487.00
D 245,907.68 44,983,113.00
E 67,065.73 12,268,122.00
F 201,197.20 36,804,365.00
G 44,710.49 8,178,748.00
H 97,224.87 18,402,183.00
I 21,605.53 4,089,374.00
J 75,619.34 14,312,809.00
R 0.00 N/A
LR 0.00 N/A
- -------------------------------------------
TOTALS 5,101,286.17 806,142,087.50
- -------------------------------------------
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505CA8 817,874,785.00 806,861,568.80 555,700.89 0.00 555,700.89 806,142,087.50
- ------------------------------------------------------------------------------------------------------------------------------
</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 5.4258524887 4.8445211916 911.5181184012 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 5.4666665889 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 0.6794449 985.6546531 0.8264628% 0.72030161%
- ------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-1
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 2
RECORD DATE: 31-Aug-1999
<TABLE>
<S> <C>
SECTION 4.02 (a)(iii) P & I Advances 0.00
SECTION 4.02 (a)(iv) Servicing Compensation 52,812.09
SECTION 4.02 (a)(iv) Trustee Compensation/Standby Fee 4,034.35
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 806,867,489.76 806,148,008.46
Reo Loans Outstanding 0.00 0.00
--------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgagee Loans 78
Aggregate Mortgage Principal Balance 806,148,008.46
Weighted Average Remaining Term to Maturity 139.00
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 5,656,987.06
--------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
--------------------------------------------------------
A-1 642,383.51 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 555,700.89 0.00
--------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 719,481.30
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>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 1
RECORD DATE: 31-Aug-1999
<TABLE>
<CAPTION>
- ----------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Collateral Support
Class Cusip# Certificate Certificate Principal Interest Penalties Deficit
Balance Balance Distribution Distribution (PP/YMC) (Allocation/Reimb)
- ----------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 161505CV2 198,800,000.00 189,261,336.79 954,266.34 950,249.63 0.00 0.00
A-2 161505CW0 720,598,732.00 720,598,732.00 0.00 3,837,188.25 0.00 0.00
B 161505CZ3 63,406,809.00 63,406,809.00 0.00 337,641.26 0.00 0.00
C 161505DA7 69,747,490.00 69,747,490.00 0.00 371,405.38 0.00 0.00
D 161505DB5 72,917,830.00 72,917,830.00 0.00 388,287.44 0.00 0.00
E 161505DC3 19,022,043.00 19,022,043.00 0.00 101,292.38 0.00 0.00
F 161505DD1 57,066,128.00 57,066,128.00 0.00 303,877.13 N/A 0.00
G 161505DE9 12,681,362.00 12,681,362.00 0.00 67,528.25 N/A 0.00
H 161505DF6 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A 0.00
I 161505DG4 9,511,021.00 9,511,021.00 0.00 50,646.19 N/A 0.00
J 161505DH2 22,192,383.00 22,192,383.00 0.00 118,174.44 N/A 0.00
R N/A N/A N/A N/A 0.00 N/A N/A
LR N/A N/A N/A N/A 0.00 N/A N/A
- ----------------------------------------------------------------------------------------------------------------------------------
TOTALS 1,268,136,181.00 1,258,597,517.79 954,266.34 6,644,464.79 0.00 0.00
- ----------------------------------------------------------------------------------------------------------------------------------
</TABLE>
- -------------------------------------------
Total Ending
Class Distribution Principal
Balance
- -------------------------------------------
A-1 1,904,515.97 188,307,070.45
A-2 3,837,188.25 720,598,732.00
B 337,641.26 63,406,809.00
C 371,405.38 69,747,490.00
D 388,287.44 72,917,830.00
E 101,292.38 19,022,043.00
F 303,877.13 57,066,128.00
G 67,528.25 12,681,362.00
H 118,174.44 22,192,383.00
I 50,646.19 9,511,021.00
J 118,174.44 22,192,383.00
R 0.00 N/A
LR 0.00 N/A
- -------------------------------------------
TOTALS 7,598,731.13 1,257,643,251.45
- -------------------------------------------
<TABLE>
<CAPTION>
- ------------------------------------------------------------------------------------------------------------------------------
Original Beginning Prepayment Total Ending
Class Cusip# Notional Notional Interest Penalties Distribution Notional
Balance Balance Distribution (PP/YMC) Balance
- ------------------------------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
X 161505CY6 1,268,136,181.00 1,268,597,517.79 799,703.74 0.00 799,703.74 1,267,643,261.45
- ------------------------------------------------------------------------------------------------------------------------------
</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 4.80013249 4.77992772 947.21866424 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 0.63061346 991.72570761 0.00762471 0.00595211
- ------------------------------------------------------------------------------------------------------
</TABLE>
- --------------------------------------------------------------------------------
<PAGE>
- --------------------------------------------------------------------------------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP
COMMERCIAL MORTGAGE PASS-THROUGH
SERIES 1998-2
DISTRIBUTION STATEMENT
- --------------------------------------------------------------------------------
DISTRIBUTION DATE: 20-Sep-1999 PAGE # 2
RECORD DATE: 31-Aug-1999
<TABLE>
<S> <C>
SECTION 4.02 (a)(iii) P & I Advances 100,906.50
SECTION 4.02 (a)(iv) Servicing Compensation 65,194.94
SECTION 4.02 (a)(iv) Trustee Compensation 6,030.78
SECTION 4.02 (a)(iv) Special Servicing Compensation 0.00
--------------------------------------------------------
SECTION 4.02 (a)(v) Aggregate Stated Principal Balance Beginning Balance Ending Balance
--------------------------------------------------------
Mortgage Loans 1,258,597,519.25 1,257,643,252.91
Reo Loans Outstanding 0.00 0.00
--------------------------------------------------------
SECTION 4.02 (a)(vi) Aggregate Number of Mortgagee Loans 98
Aggregate Mortgage Principal Balance 1,257,643,252.91
Weighted Average Remaining Term to Maturity 115.00
Weighted Average Mortgage Rate 6.98%
--------------------------------------------------------
SECTION 4.02 (a)(vii) Loans Delinquent Period Number Aggr Principal Balance
--------------------------------------------------------
1 Month 0 0.00
2 Months 0 0.00
3 Months or more 0 0.00
In Foreclosure 0 0.00
--------------------------------------------------------
SECTION 4.02 (a)(viii) Appraisal Value of REO Property 0.00
SECTION 4.02 (a)(ix) Available Distribution Amount 8,398,434.87
--------------------------------------------------------
SECTION 4.02 (a)(x) Accrued Certificate Interest Class Accrued Cert Interest Cert Deferred Interest
--------------------------------------------------------
A-1 950,249.63 0.00
A-2 3,837,188.25 0.00
B 337,641.26 0.00
C 371,406.38 0.00
D 388,287.44 0.00
E 101,292.38 0.00
F 303,877.13 0.00
G 67,528.26 0.00
H 118,174.44 0.00
I 50,646.19 0.00
J 118,174.44 0.00
X 799,703.74 0.00
--------------------------------------------------------
SECTION 4.02 (a)(xiii) Scheduled Principal Distribution Amount 945,933.00
SECTION 4.02 (a)(xiii) Unscheduled Principal Distribution Amount 8,333.34
----------------------------------------------------------
SECTION 4.02 (a)(xvi) Appraisal Reduction Amounts Loan Number Appraisal Reduct Effect Appraisal Reduct Amt
----------------------------------------------------------
----------------------------------------------------------
SECTION 4.02 (a)(xvii) Number of Loans Extended or Modified 0.00
SECTION 4.02 (a)(xvii) Stated Principal Balance of Mortgage Loans Extended or Modified 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xviii) Class Unpaid Interest Shortfall Class Current Cumulative
Unpaid Interest Shortfall Unpaid Interest Shortfall
-------------------------------------------------------------
A-1 0.00 0.00
A-2 0.00 0.00
B 0.00 0.00
C 0.00 0.00
D 0.00 0.00
E 0.00 0.00
F 0.00 0.00
G 0.00 0.00
H 0.00 0.00
I 0.00 0.00
J 0.00 0.00
X 0.00 0.00
-------------------------------------------------------------
SECTION 4.02 (a)(xx) Distribution to Residual Certificates 0.00
(C) COPYRIGHT 1995, CHASE BANKING CORPORATION
</TABLE>
- --------------------------------------------------------------------------------
