CHASE COMMERCIAL MORTGAGE SECURITIES CORP
8-K, EX-20.1, 2000-05-31
ASSET-BACKED SECURITIES
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<PAGE>

                                                                          Page 1
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Cert. Series 1996-1

                         Statement to Certificateholders
                                   May 18 2000


<TABLE>
<CAPTION>

    DISTRIBUTION IN DOLLARS
          ORIGINAL           PRIOR                                                                              CURRENT
          FACE               PRINCIPAL                                                     REALIZED  DEFERRED   PRINCIPAL
 CLASS    VALUE              BALANCE           PRINCIPAL         INTEREST     TOTAL           LOSES  INTEREST   BALANCE
<S>       <C>                <C>               <C>               <C>          <C>          <C>       <C>        <C>
A1          190,000,000.00    131,359,364.90      6,629,126.29    831,942.64  7,461,068.93     0.00      0.00   124,730,238.61
A2          123,421,002.00    123,421,002.00              0.00    781,666.35    781,666.35     0.00      0.00   123,421,002.00
P             1,222,154.00        634,402.90          1,071.58          0.00      1,071.58     0.00      0.00       633,331.32
B            26,589,563.00     26,589,563.00              0.00    168,400.57    168,400.57     0.00      0.00    26,589,563.00
C            22,157,969.00     22,157,969.00              0.00    140,333.80    140,333.80     0.00      0.00    22,157,969.00
D            15,510,578.00     15,510,578.00              0.00     98,233.66     98,233.66     0.00      0.00    15,510,578.00
E            11,078,984.00     11,078,984.00              0.00     70,166.90     70,166.90     0.00      0.00    11,078,984.00
F            24,373,766.00     24,373,766.00              0.00    154,367.18    154,367.18     0.00      0.00    24,373,766.00
G            17,726,375.00     17,726,375.00              0.00    112,267.04    112,267.04     0.00      0.00    17,726,375.00
H            11,078,984.00     10,868,668.10              0.00     44,856.46     44,856.46     0.00      0.00    10,868,668.10
R                     0.00              0.00              0.00          0.00          0.00     0.00      0.00             0.00
TOTALS      443,159,375.00    383,720,672.90      6,630,197.87  2,402,234.60  9,032,432.47     0.00      0.00   377,090,475.03

X           443,159,377.53    383,720,675.44              0.00    273,429.23    273,429.23     0.00      0.00   377,090,477.57

</TABLE>



    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE

<TABLE>
<CAPTION>
                                                                                                                  PASS-THROUGH RATES
                              PRIOR                                                         CURRENT                          CURRENT
                              PRINCIPAL                                                     PRINCIPAL      CLASS           PASS THRU
 CLASS       CUSIP            FACTOR           PRINCIPAL         INTEREST      TOTAL        FACTOR                              RATE
<S>         <C>               <C>                 <C>            <C>           <C>          <C>             <C>          <C>
A1          161505AA0           691.36507842      34.89013837    4.37864547    39.26878384    656.47494005  A1           7.600000%
A2          161505AB8         1,000.00000000       0.00000000    6.33333337     6.33333337  1,000.00000000  A2           7.600000%
P           161505AC6           519.08589261       0.87679621    0.00000000     0.87679621    518.20909640  P            0.000000%
B           161505AE2         1,000.00000000       0.00000000    6.33333350     6.33333350  1,000.00000000  B            7.600000%
C           161505AF9         1,000.00000000       0.00000000    6.33333317     6.33333317  1,000.00000000  C            7.600000%

</TABLE>
                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION



<PAGE>

                                                                          Page 2

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Cert. Series 1996-1

                         Statement to Certificateholders
                                   May 18 2000

<TABLE>
<CAPTION>

  FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                   PASS-THROUGH RATES
                              PRIOR                                                       CURRENT                           CURRENT
                              PRINCIPAL                                                   PRINCIPAL        CLASS           PASS THRU
 CLASS       CUSIP            FACTOR           PRINCIPAL      INTEREST      TOTAL         FACTOR                               RATE
<S>          <C>              <C>              <C>            <C>         <C>             <C>              <C>          <C>
D            161505AG7        1,000.00000000     0.00000000    6.33333329     6.33333329  1,000.00000000   D            7.600000%
E            161505AH5        1,000.00000000     0.00000000    6.33333345     6.33333345  1,000.00000000   E            7.600000%
F            161505AJ1        1,000.00000000     0.00000000    6.33333314     6.33333314  1,000.00000000   F            7.600000%
G            161505AK8        1,000.00000000     0.00000000    6.33333324     6.33333324  1,000.00000000   G            7.600000%
H            161505AL6          981.01667987     0.00000000    4.04878823     4.04878823    981.01667987   H            7.600000%
TOTALS                          865.87511073    14.96120413    5.42070130    20.38190543    850.91390661

X           161505AD4           865.87511152     0.00000000    0.61699976     0.61699976    850.91390748   X            0.855088%

</TABLE>


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace

The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 3

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Cert. Series 1996-1

                                   May 18 2000

<TABLE>
<S>                                                                                                                    <C>
                 Available Distribution Amount                                                                         9,305,861.70
                 Scheduled Principal Distribution Amount                                                                 480,945.62
                 Unscheduled Principal Distribution Amount                                                             6,149,252.25

<CAPTION>
                                                   Balance Information
<S>                                                                                                                    <C>

                 Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding                                    68.00
                 Weighted Average Mortgage Rate of Mortgage Loans Outstanding                                                 8.55%

<CAPTION>

                                                   Loans Delinquent
                               Group Totals
                                                                         Principal
                               Period                Number                Balance              Percentage
                              <S>                        <C>          <C>                            <C>
                              31-60 days                 0                     0.00                  0.00%
                              61-90 days                 0                     0.00                  0.00%
                              91+days                    2            16,741,868.81                  4.44%
                               Total                     2            16,741,868.81                  4.44%

<CAPTION>

<S>                                                                                                                    <C>
                 Aggregate Appraised Value of REO Properties                                                                   0.00
                 Yield Maintenance Charges/Prepayment Premiums                                                            670999.15

</TABLE>

                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION


<PAGE>

                                                                          Page 4

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Cert. Series 1996-1

                                   May 18 2000
                                 Advance Summary

<TABLE>
<S>                                                                                                                      <C>
                Master Servicer P&I Advances Made                                                                        138,837.90
                Master Servicer Unreimbursed P&I Advances Outstanding                                                    944,223.50
                Interest Accrued & Payable to Master Servicer in Respect of Advances Made                                      0.00
                Interest Paid to Servicer in Respect of Advances Made                                                          0.00

                Current Period Accrued Servicing Fees                                                                     44,483.45

                               Appraisal Reduction Amounts                                                                        0

                               Number of Extended or Modified Mortgage Loans                                                   0.00
                               Aggregate Stated Principal Balance of Extended or Modified Mortgage Loans                       0.00
                               Accrued Certificate Interest                                                                       0
                               Class Unpaid Interest Shortfall                                                                    0
                                                                                                                               0.00

                               Distribution to Residual Certificates                                                           0.00

</TABLE>
                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 5

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Cert. Series 1996-1

                                   May 18 2000

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                         Page 6


                           * Class A-1 & Class X total interest distribution
                           include yield maintenance charge reallocation from
                           April, 1999. Please refer to Class A-1 Yield
                           Maintenance Charge Receipts and Class X Yield
                           Maintenance Charge Receipt on page 4.


                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 1

Chase Commercial Mtg. Securities Corp. Series 1996-2

                         Statement to Certificateholders
                                   May 19 2000


<TABLE>
<CAPTION>
    DISTRIBUTION IN DOLLARS
          ORIGINAL           PRIOR                                                                              CURRENT
          FACE               PRINCIPAL                                                     REALIZED  DEFERRED   PRINCIPAL
 CLASS    VALUE              BALANCE           PRINCIPAL     INTEREST        TOTAL           LOSES   INTEREST   BALANCE
<S>       <C>                <C>               <C>           <C>             <C>           <C>       <C>       <C>
A1          53,977,671.00      38,335,247.82   235,731.06       214,038.47      449,769.53   0.00       0.00    38,099,516.76
A2         128,080,472.00     128,080,472.00         0.00       736,462.71      736,462.71   0.00       0.00   128,080,472.00
B           17,027,021.00      17,027,021.00         0.00        97,905.37       97,905.37   0.00       0.00    17,027,021.00
C           15,717,250.00      15,717,250.00         0.00        90,374.19       90,374.19   0.00       0.00    15,717,250.00
D           13,097,708.00      13,097,708.00         0.00        75,311.82       75,311.82   0.00       0.00    13,097,708.00
E            5,239,083.00       5,239,083.00         0.00        30,124.73       30,124.73   0.00       0.00     5,239,083.00
F           13,097,708.00      13,097,708.00         0.00        75,311.82       75,311.82   0.00       0.00    13,097,708.00
G            9,168,396.00       9,168,396.00         0.00        52,718.28       52,718.28   0.00       0.00     9,168,396.00
H            6,548,854.00       6,548,854.00         0.00        32,051.58       32,051.58   0.00       0.00     6,548,854.00
R                    0.00               0.00         0.00             0.00            0.00   0.00       0.00             0.00
TOTALS     261,954,163.00     246,311,739.82   235,731.06     1,404,298.97    1,640,030.03   0.00       0.00   246,076,008.76

X          261,954,164.00     246,311,741.47         0.00       302,478.29      302,478.29   0.00       0.00   246,076,010.41

<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                PASS-THROUGH RATES
                              PRIOR                                                      CURRENT                            CURRENT
                              PRINCIPAL                                                  PRINCIPAL        CLASS            PASS THRU
 CLASS       CUSIP            FACTOR           PRINCIPAL      INTEREST      TOTAL        FACTOR                                RATE
<S>         <C>               <C>              <C>            <C>           <C>          <C>              <C>    <C>
A1           161505AN2          710.20566671   4.36719584     3.96531503     8.33251086     705.83847087   A1             6.700000%
A2           161505AP7        1,000.00000000   0.00000000     5.74999997     5.74999997   1,000.00000000   A2             6.900000%
B            161505AQ5        1,000.00000000   0.00000000     5.74999996     5.74999996   1,000.00000000   B              6.900000%
C            161505AR3        1,000.00000000   0.00000000     5.75000016     5.75000016   1,000.00000000   C              6.900000%
D            161505AS1        1,000.00000000   0.00000000     5.74999992     5.74999992   1,000.00000000   D              6.900000%
E            161505AT9        1,000.00000000   0.00000000     5.75000052     5.75000052   1,000.00000000   E              6.900000%
F            161505AV4        1,000.00000000   0.00000000     5.74999992     5.74999992   1,000.00000000   F              6.900000%

</TABLE>

                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 2

Chase Commercial Mtg. Securities Corp. Series 1996-2

                         Statement to Certificateholders
                                   May 19 2000

<TABLE>
<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                PASS-THROUGH RATES
                              PRIOR                                                      CURRENT                            CURRENT
                              PRINCIPAL                                                  PRINCIPAL        CLASS            PASS THRU
 CLASS       CUSIP            FACTOR           PRINCIPAL      INTEREST      TOTAL        FACTOR                                RATE
<S>         <C>               <C>              <C>            <C>           <C>          <C>              <C>    <C>
G           161505AW2         1,000.00000000    0.00000000    5.75000033    5.75000033    1,000.00000000   G             6.900000%
H           161505AX0         1,000.00000000    0.00000000    4.89422730    4.89422730    1,000.00000000   H             6.900000%
TOTALS                          940.28564768    0.89989431    5.36085762    6.26075192      939.38575338

X           161505AU6           940.28565039    0.00000000    1.15469930    1.15469930      939.38575609   X             1.473636%

</TABLE>

IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 3

Chase Commercial Mtg. Securities Corp. Series 1996-2

                                   May 19 2000


<TABLE>
<S>                                                                                                                    <C>
                       Next Month Pass-Through Rate for Class X                                                        1.47350506%
                       Available Distribution Amount                                                                   1,942,508.32
                       Scheduled Principal Distribution Amount                                                           235,731.06
                       Unscheduled Principal Distribution Amount                                                               0.00

<CAPTION>
                                                                  Balance Information
<S>                                                                                                                    <C>

                       Weighted Average Remaining Term to Maturity of Mortgage Loans Outstanding                              68.00
                       Weighted Average Mortgage Rate of Mortgage Loans Outstanding                                            8.45%

<CAPTION>
                                                                  Loans Delinquent
                                              Group Totals
                                                                                        Principal
                                              Period                Number                Balance              Percentage
                                             <S>                        <C>           <C>                        <C>
                                             31-60 days                 0                     0.00               0.00%
                                             61-90 days                 0                     0.00               0.00%
                                             91+days                    1             3,213,486.94               1.31%
                                              Total                     1             3,213,486.94               1.31%

<CAPTION>

<S>                                                                                                                    <C>
                       Aggregate Appraised Value of REO Properties                                                             0.00
                       Yield Maintenance Charges/Prepayment Premiums                                                              0

</TABLE>

                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 4

Chase Commercial Mtg. Securities Corp. Series 1996-2

                                   May 19 2000
                                 Advance Summary

<TABLE>
<S>                                                                                                                      <C>
                Master Servicer P&I Advances Made                                                                         26,528.30
                Master Servicer Unreimbursed P&I Advances Outstanding                                                    382,168.50
                Interest Accrued & Payable to Master Servicer in Respect of Advances Made                                      0.00
                Interest Paid to Servicer in Respect of Advances Made                                                          0.00

                                        Trustee Compensation                                                               1,765.23
                                        Current Period Accrued Servicing Fees                                             20,343.10
                                        Current Period Sprecial Servicing Fees                                               533.74

                                        Appraisal Reduction Amounts                                                               0

                                        Number of Extended or Modified Mortgage Loans                                          0.00
                                        Aggregate Stated Principal Balance of Extended or Modified Mortgage Loans              0.00
                                        Accrued Certificate Interest                                                              0
                                        Current Period Unpaid Interest Shortfalls
                                                                                                                               0.00

                                        Distribution to Residual Certificates                                                  0.00
</TABLE>

                                 (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 5

Chase Commercial Mtg. Securities Corp. Series 1996-2

                                   May 19 2000

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 1

Chase Commercial Mortgage Securities Corp. Commercial Mtg Pass-Through Cert.,
Series 1997-1
                         Statement to Certificateholders
                                   May 19 2000

<TABLE>
<CAPTION>

       DISTRIBUTION IN DOLLARS
              ORIGINAL              PRIOR                                                                                CURRENT
               FACE               PRINCIPAL                                                   REALIZED   DEFERRED       PRINCIPAL
CLASS          VALUE               BALANCE         PRINCIPAL     INTEREST        TOTAL         LOSES     INTEREST        BALANCE
<S>      <C>                     <C>              <C>          <C>            <C>            <C>           <C>       <C>
A1       100,600,000.00           50,534,826.26   609,377.06     306,156.82     915,533.88        0.00     0.00       49,925,449.20
A2       283,717,991.00          283,717,991.00         0.00   1,742,501.33   1,742,501.33        0.00     0.00      283,717,991.00
B         26,688,749.00           26,688,749.00         0.00     163,913.40     163,913.40        0.00     0.00       26,688,749.00
C         26,688,749.00           26,688,749.00         0.00     163,913.40     163,913.40        0.00     0.00       26,688,749.00
D         29,357,624.00           29,357,624.00         0.00     180,304.74     180,304.74        0.00     0.00       29,357,624.00
E         10,675,500.00           10,675,500.00         0.00      65,565.36      65,565.36        0.00     0.00       10,675,500.00
F         29,357,624.00           29,357,624.00         0.00     180,304.74     180,304.74        0.00     0.00       29,357,624.00
G          5,337,750.00            5,337,750.00         0.00      32,782.68      32,782.68        0.00     0.00        5,337,750.00
H          8,006,625.00            8,006,625.00         0.00      49,174.02      49,174.02        0.00     0.00        8,006,625.00
I         13,344,374.00           13,344,374.00         0.00     116,212.07     116,212.07   33,591.21     0.00       13,310,782.79
R                  0.00                    0.00         0.00           0.00           0.00        0.00     0.00                0.00
TOTALS   533,774,986.00          483,709,812.26   609,377.06   3,000,828.56   3,610,205.62   33,591.21     0.00      483,066,843.99

A1COMP   100,600,000.00           50,534,826.26         0.00       4,211.24       4,211.24        0.00     0.00       49,925,449.20
WACCOMP  533,774,986.00          483,709,811.53         0.00     576,789.61     576,789.61        0.00     0.00      483,066,843.26
X        533,774,986.00          483,709,812.26         0.00     581,000.85     581,000.85        0.00     0.00      483,100,435.20

<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                PASS-THROUGH RATES
                                   PRIOR                                                       CURRENT                      CURRENT
                                  PRINCIPAL                                                   PRINCIPAL       CLASS       PASS THRU
CLASS     CUSIP                    FACTOR          PRINCIPAL        INTEREST      TOTAL        FACTOR                          RATE
<S>    <C>                       <C>                 <C>           <C>           <C>          <C>              <C>       <C>
A1     161505AY8                   502.33425706      6.05742604    3.04330835    9.10073439     496.27683101   A1        7.270000 %
A2     161505AZ5                 1,000.00000000      0.00000000    6.14166667    6.14166667   1,000.00000000   A2        7.370000 %
B      161505BB7                 1,000.00000000      0.00000000    6.14166666    6.14166666   1,000.00000000   B         7.370000 %
C      161505BC5                 1,000.00000000      0.00000000    6.14166666    6.14166666   1,000.00000000   C         7.370000 %
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 2

Chase Commercial Mortgage Securities Corp. Commercial Mtg Pass-Through Cert.,
Series 1997-1

                         Statement to Certificateholders
                                   May 19 2000

<TABLE>
<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                         PASS-THROUGH RATES
                        PRIOR                                                      CURRENT                           CURRENT
                       PRINCIPAL                                                  PRINCIPAL      CLASS             PASS THRU
 CLASS   CUSIP          FACTOR          PRINCIPAL    INTEREST      TOTAL            FACTOR                              RATE
<S>     <C>           <C>               <C>          <C>           <C>          <C>                <C>            <C>
D       161505BD3     1,000.00000000    0.00000000   6.14166664    6.14166664   1,000.00000000     D              7.370000 %
E       161505BE1     1,000.00000000    0.00000000   6.14166643    6.14166643   1,000.00000000     E              7.370000 %
F       161505BF8     1,000.00000000    0.00000000   6.14166664    6.14166664   1,000.00000000     F              7.370000 %
G       161505BG6     1,000.00000000    0.00000000   6.14166643    6.14166643   1,000.00000000     G              7.370000 %
H       161505BH4     1,000.00000000    0.00000000   6.14166643    6.14166643   1,000.00000000     H              7.370000 %
I       161505BJ0     1,000.00000000    0.00000000   8.70869402    8.70869402     997.48274366     I              7.370000 %
TOTALS                  906.20547037    1.14163660   5.62189806    6.76353466     905.00090237

A1COMP  COMPONENT       502.33425706    0.00000000   0.04186123    0.04186123     496.27683101     A1COMP         0.100000 %
WACCOMP COMPONENT       906.20546900    0.00000000   1.08058569    1.08058569     905.00090100     WACCOMP        1.430915 %
X       161505BA9       906.20547037    0.00000000   1.08847523    1.08847523     905.06383377     X              1.441362 %
</TABLE>


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 3

Chase Commercial Mortgage Securities Corp. Commercial Mtg Pass-Through Cert.,
Series 1997-1

                                   May 19 2000
         Available Funds                                          4,190,542.33
         Principal Distribution Amount                              642,968.27
         Default Interest                                                 0.00
         Excess Interest                                                  0.00
         Extraordinary Trust Fund Expenses                                0.00

         Interest Reserve Account
         Beginning Balance                                                 N/A
           Deposits                                                        N/A
           Withdrawals                                                     N/A
         Ending Balance                                                    N/A

         Balance Information

         Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

                       Group Totals
                                              Principal

                       Period       Number      Balance              Percentage
                      31-60 days        0         0.00                  0.00 %
                      61-90 days        0         0.00                  0.00 %
                      91+days           0         0.00                  0.00 %
                       Total            0         0.00                  0.00 %


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>


                                                                          Page 4

Chase Commercial Mortgage Securities Corp. Commercial Mtg Pass-Through Cert.,
Series 1997-1

                                   May 19 2000

         Prepayment Penalties

         Advance Summary
         Principal & Interest Advances
         Current Principal & Interest Advances                        42,442.69
         Outstanding Principal & Interest Advances                    42,442.69


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 5

Chase Commercial Mortgage Securities Corp. Commercial Mtg Pass-Through Cert.,
Series 1997-1

                                   May 19 2000

         Fee Summary
         Master Servicing Fees                                         26,781.51
         Sub-Servicing Fees                                            12,687.56
         Trustee Fees                                                   2,579.79
         Special Servicer Fee                                               0.00


         Appraisal Reduction Amounts

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 6

Chase Commercial Mortgage Securities Corp. Commercial Mtg Pass-Through Cert.,
Series 1997-1

                                   May 19 2000

         Interest Detail

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 1

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certs., Series 1997-2

                         Statement to Certificateholders
                                   May 19 2000

<TABLE>
<CAPTION>

        DISTRIBUTION IN DOLLARS
            ORIGINAL           PRIOR                                                                                      CURRENT
              FACE            PRINCIPAL                                                 REALIZED         DEFERRED       PRINCIPAL
CLASS        VALUE            BALANCE      PRINCIPAL     INTEREST        TOTAL            LOSES          INTEREST        BALANCE
<S>      <C>              <C>              <C>          <C>            <C>                 <C>             <C>       <C>
A1       196,000,000.00   159,308,417.42   883,002.09     856,282.74   1,739,284.83        0.00            0.00      158,425,415.33
A2       390,074,509.00   390,074,509.00         0.00   2,145,409.80   2,145,409.80        0.00            0.00      390,074,509.00
B         32,559,695.00    32,559,695.00         0.00     179,078.32     179,078.32        0.00            0.00       32,559,695.00
C         48,839,542.00    48,839,542.00         0.00     268,617.48     268,617.48        0.00            0.00       48,839,542.00
D         44,769,581.00    44,769,581.00         0.00     246,232.70     246,232.70        0.00            0.00       44,769,581.00
E         12,209,885.00    12,209,885.00         0.00      67,154.37      67,154.37        0.00            0.00       12,209,885.00
F         48,839,542.00    48,839,542.00         0.00     268,617.48     268,617.48        0.00            0.00       48,839,542.00
G          6,104,943.00     6,104,943.00         0.00      33,577.19      33,577.19        0.00            0.00        6,104,943.00
H         12,209,886.00    12,209,886.00         0.00      67,154.37      67,154.37        0.00            0.00       12,209,886.00
I          8,139,924.00     8,139,924.00         0.00      44,769.58      44,769.58        0.00            0.00        8,139,924.00
J         14,244,866.00    14,244,866.00         0.00      72,190.29      72,190.29        0.00            0.00       14,244,866.00
R                  0.00             0.00         0.00           0.00           0.00        0.00            0.00                0.00
TOTALS   813,992,373.00   777,300,790.42   883,002.09   4,249,084.32   5,132,086.41        0.00            0.00      776,417,788.33

X        813,992,373.00   777,300,790.42         0.00     965,148.78     965,148.78        0.00            0.00      776,417,788.33
A1COMP   196,000,000.00   159,308,417.42         0.00      19,913.55      19,913.55        0.00            0.00      158,425,415.33
WACCOMP  813,992,373.00   777,300,790.42         0.00     945,235.22     945,235.22        0.00            0.00      776,417,788.33

<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                 PASS-THROUGH RATES
                          PRIOR                                                       CURRENT                                CURRENT
                        PRINCIPAL                                                    PRINCIPAL       CLASS                 PASS THRU
 CLASS    CUSIP           FACTOR         PRINCIPAL     INTEREST          TOTAL         FACTOR                                   RATE
<S>      <C>           <C>                <C>           <C>            <C>          <C>                <C>                <C>
A1       161505BK7       812.79804806     4.50511270    4.36878949     8.87390219     808.29293536     A1                 6.450000 %
A2       161505BL5     1,000.00000000     0.00000000    5.50000000     5.50000000   1,000.00000000     A2                 6.600000 %
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 2

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certs., Series 1997-2

                         Statement to Certificateholders
                                   May 19 2000
<TABLE>
<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                           PASS-THROUGH RATES
                          PRIOR                                                      CURRENT                           CURRENT
                         PRINCIPAL                                                  PRINCIPAL        CLASS           PASS THRU
 CLASS      CUSIP         FACTOR          PRINCIPAL     INTEREST        TOTAL         FACTOR                              RATE
<S>        <C>          <C>               <C>           <C>           <C>          <C>                 <C>          <C>
B          161505BN1    1,000.00000000    0.00000000    5.49999992    5.49999992   1,000.00000000      B            6.600000 %
C          161505BP6    1,000.00000000    0.00000000    5.49999998    5.49999998   1,000.00000000      C            6.600000 %
D          161505BQ4    1,000.00000000    0.00000000    5.50000010    5.50000010   1,000.00000000      D            6.600000 %
E          161505BR2    1,000.00000000    0.00000000    5.50000020    5.50000020   1,000.00000000      E            6.600000 %
F          161505BS0    1,000.00000000    0.00000000    5.49999998    5.49999998   1,000.00000000      F            6.600000 %
G          161505BT8    1,000.00000000    0.00000000    5.50000057    5.50000057   1,000.00000000      G            6.600000 %
H          161505BU5    1,000.00000000    0.00000000    5.49999975    5.49999975   1,000.00000000      H            6.600000 %
I          161505BV3    1,000.00000000    0.00000000    5.49999975    5.49999975   1,000.00000000      I            6.600000 %
J          161505BW1    1,000.00000000    0.00000000    5.06781110    5.06781110   1,000.00000000      J            6.600000 %
TOTALS                    954.92392337    1.08477932    5.22005422    6.30483353     953.83914406

X          161505BM3      954.92392337    0.00000000    1.18569757    1.18569757     953.83914406      X            1.490000 %
A1COMP     Component      812.79804806    0.00000000    0.10159974    0.10159974     808.29293536      A1COMP       0.150000 %
WACCOMP    Component      954.92392337    0.00000000    1.16123351    1.16123351     953.83914406      WACCOMP      1.459258 %
</TABLE>



IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 3

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certs., Series 1997-2

                                   May 19 2000

         Available Funds                                            6,097,235.19
         Principal Distribution Amount                                883,002.09
         Scheduled Principal Distribution Amount                      883,002.09
         Unscheduled Principal Distribution Amount                          0.00
         Miscellaneous Trust Fund Expenses                                  0.00


         Interest Reserve Account
         Beginning Balance                                                  0.00
           Deposits                                                         0.00
           Withdrawals                                                      0.00
         Ending Balance                                                     0.00

         Balance Information

         Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
                          Group Totals

                                                  Principal

                          Period       Number       Balance         Percentage
                         31-60 days      0            0.00             0.00 %
                         61-90 days      0            0.00             0.00 %
                         91+days         0            0.00             0.00 %
                          Total          0            0.00             0.00 %


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 4

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certs., Series 1997-2

                                   May 19 2000

         Prepayment Penalties

         Advance Summary
         Principal & Interest Advances
         Current Principal & Interest Advances                        276,080.84
         Outstanding Principal & Interest Advances                  1,157,471.13
         Reimbursement of Interest on any P&I Advances                      0.00


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 5


Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certs., Series 1997-2

                                   May 19 2000
         Fee Summary
         Servicing Fees                                                60,265.87
         Trustee Fees                                                   3,724.61
         Special Servicer Fee                                           2,386.35
         Workout Fee                                                        0.00


         Appraisal Reduction Amounts

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 6

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certs., Series 1997-2

                                   May 19 2000
                Interest Detail

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>


                                                                          Page 1

Chase Commercial Mtg  Pass-Through Cert. Series 1998-1

                         Statement to Certificateholders
                                   May 18 2000

<TABLE>
<CAPTION>

        DISTRIBUTION IN DOLLARS

         ORIGINAL            PRIOR                                                                                         CURRENT
          FACE              PRINCIPAL                                                          REALIZED   DEFERRED       PRINCIPAL
 CLASS   VALUE               BALANCE             PRINCIPAL      INTEREST         TOTAL          LOSES     INTEREST         BALANCE
<S>        <C>              <C>                 <C>           <C>             <C>                <C>        <C>       <C>
A1         132,600,000.00   115,088,985.67      833,423.32      608,053.47    1,441,476.79       0.00       0.00      114,255,562.35
A2         464,448,593.00   464,448,593.00            0.00    2,538,985.64    2,538,985.64       0.00       0.00      464,448,593.00
B           32,714,991.00    32,714,991.00            0.00      178,841.95      178,841.95       0.00       0.00       32,714,991.00
C           49,072,487.00    49,072,487.00            0.00      268,262.93      268,262.93       0.00       0.00       49,072,487.00
D           44,983,113.00    44,983,113.00            0.00      245,907.68      245,907.68       0.00       0.00       44,983,113.00
E           12,268,122.00    12,268,122.00            0.00       67,065.73       67,065.73       0.00       0.00       12,268,122.00
F           36,804,365.00    36,804,365.00            0.00      201,197.20      201,197.20       0.00       0.00       36,804,365.00
G            8,178,748.00     8,178,748.00            0.00       44,710.49       44,710.49       0.00       0.00        8,178,748.00
H           18,402,183.00    18,402,183.00            0.00       97,224.87       97,224.87       0.00       0.00       18,402,183.00
I            4,089,374.00     4,089,374.00            0.00       21,605.53       21,605.53       0.00       0.00        4,089,374.00
J           14,312,809.00    14,312,809.00            0.00       74,033.26       74,033.26       0.00       0.00       14,312,809.00
R                    0.00             0.00            0.00            0.00            0.00       0.00       0.00                0.00
TOTALS     817,874,785.00   800,363,770.67      833,423.32    4,345,888.75    5,179,312.07       0.00       0.00      799,530,347.35

X          817,874,785.00   800,363,770.67            0.00      476,125.23      476,125.23       0.00       0.00      799,530,347.35

<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                           PASS-THROUGH RATES
                         PRIOR                                                        CURRENT                          CURRENT
                         PRINCIPAL                                                   PRINCIPAL       CLASS           PASS THRU
 CLASS     CUSIP       FACTOR             PRINCIPAL     INTEREST      TOTAL            FACTOR                             RATE
<S>       <C>           <C>               <C>           <C>          <C>           <C>                 <C>          <C>
A1        161505BX9       867.94106840    6.28524374    4.58562195   10.87086569     861.65582466      A1           6.340000 %
A2        161505BY7     1,000.00000000    0.00000000    5.46666666    5.46666666   1,000.00000000      A2           6.560000 %
B         161505CB6     1,000.00000000    0.00000000    5.46666664    5.46666664   1,000.00000000      B            6.560000 %
C         161505CC4     1,000.00000000    0.00000000    5.46666669    5.46666669   1,000.00000000      C            6.560000 %
D         161505CD2     1,000.00000000    0.00000000    5.46666657    5.46666657   1,000.00000000      D            6.560000 %
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 2

Chase Commercial Mtg  Pass-Through Cert. Series 1998-1

                         Statement to Certificateholders
                                   May 18 2000
<TABLE>
<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                            PASS-THROUGH RATES
                       PRIOR                                                            CURRENT                         CURRENT
                       PRINCIPAL                                                       PRINCIPAL       CLASS          PASS THRU
 CLASS    CUSIP        FACTOR              PRINCIPAL      INTEREST      TOTAL            FACTOR                            RATE
<S>      <C>          <C>                  <C>            <C>           <C>          <C>                 <C>         <C>
E        161505CE0    1,000.00000000       0.00000000     5.46666637    5.46666637   1,000.00000000      E           6.560000 %
F        161505CF7    1,000.00000000       0.00000000     5.46666679    5.46666679   1,000.00000000      F           6.560000 %
G        161505CG5    1,000.00000000       0.00000000     5.46666678    5.46666678   1,000.00000000      G           6.560000 %
H        161505CH3    1,000.00000000       0.00000000     5.28333350    5.28333350   1,000.00000000      H           6.340000 %
I        161505CJ9    1,000.00000000       0.00000000     5.28333432    5.28333432   1,000.00000000      I           6.340000 %
J        161505CK6    1,000.00000000       0.00000000     5.17251785    5.17251785   1,000.00000000      J           6.340000 %
TOTALS                  978.58961463       1.01901090     5.31363582    6.33264671     977.57060373

X        161505CA8      978.58961463       0.00000000     0.58214930    0.58214930     977.57060373      X           0.713863 %
</TABLE>


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 3

Chase Commercial Mtg  Pass-Through Cert. Series 1998-1

                                   May 18 2000
         Available Funds                                           5,655,437.30
         Principal Distribution Amount                               833,423.32
         Scheduled Principal Distribution Amount                     833,423.32
         Unscheduled Principal Distribution Amount                         0.00
         Miscellaneous Trust Fund Expenses                                 0.00


         Interest Reserve Account
         Deposits                                                          0.00
         Withdrawals                                                       0.00

         Balance Information

         Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
                         Group Totals

                                                   Principal
                         Period         Number       Balance       Percentage
                        31-60 days        0            0.00           0.00 %
                        61-90 days        0            0.00           0.00 %
                        91+days           0            0.00           0.00 %
                         Total            0            0.00           0.00 %


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 4

Chase Commercial Mtg  Pass-Through Cert. Series 1998-1

                                   May 18 2000

         Prepayment Penalties

         Advance Summary
         Principal & Interest Advances
         Current Principal & Interest Advances                         58,111.30
         Outstanding Principal & Interest Advances                    290,549.33
         Reimbursement of Interest on any P&I Advances                      0.00


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 5

Chase Commercial Mtg  Pass-Through Cert. Series 1998-1

                                   May 18 2000

         Fee Summary
         Servicing Fees                                                49,043.49
         Trustee Fees                                                   4,001.85
         Special Servicer Fee                                               0.00
         Additional Special Servicing Compensation                      1,586.08
         Workout Fee                                                        0.00


         Appraisal Reduction Amounts

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 6

Chase Commercial Mtg  Pass-Through Cert. Series 1998-1

                                   May 18 2000

         Interest Detail

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 1

Chase Commercial Mtg. Securities Corp., Series 1998-2

                        Statement to Certificateholders
                                  May 18 2000
<TABLE>
<CAPTION>

        DISTRIBUTION IN DOLLARS

            ORIGINAL             PRIOR                                                                                CURRENT
              FACE              PRINCIPAL                                                    REALIZED  DEFERRED       PRINCIPAL
CLASS         VALUE              BALANCE           PRINCIPAL       INTEREST       TOTAL       LOSES    INTEREST       BALANCE
<S>       <C>                <C>                 <C>            <C>            <C>              <C>      <C>     <C>
A1        198,800,000.00     180,542,989.17      1,168,175.49     906,476.26   2,074,651.75     0.00     0.00      179,374,813.68
A2        720,598,732.00     720,598,732.00              0.00   3,837,188.25   3,837,188.25     0.00     0.00      720,598,732.00
B          63,406,809.00      63,406,809.00              0.00     337,641.26     337,641.26     0.00     0.00       63,406,809.00
C          69,747,490.00      69,747,490.00              0.00     371,405.38     371,405.38     0.00     0.00       69,747,490.00
D          72,917,830.00      72,917,830.00              0.00     388,287.44     388,287.44     0.00     0.00       72,917,830.00
E          19,022,043.00      19,022,043.00              0.00     101,292.38     101,292.38     0.00     0.00       19,022,043.00
F          57,066,128.00      57,066,128.00              0.00     303,877.13     303,877.13     0.00     0.00       57,066,128.00
G          12,681,362.00      12,681,362.00              0.00      67,528.25      67,528.25     0.00     0.00       12,681,362.00
H          22,192,383.00      22,192,383.00              0.00     118,174.44     118,174.44     0.00     0.00       22,192,383.00
I           9,511,021.00       9,511,021.00              0.00      50,646.19      50,646.19     0.00     0.00        9,511,021.00
J          22,192,383.00      22,192,383.00              0.00     118,174.44     118,174.44     0.00     0.00       22,192,383.00
R                   0.00               0.00              0.00           0.00           0.00     0.00     0.00                0.00
TOTALS  1,268,136,181.00   1,249,879,170.17      1,168,175.49   6,600,691.42   7,768,866.91     0.00     0.00    1,248,710,994.68

X       1,268,136,181.00   1,249,879,170.17              0.00     596,888.99     596,888.99     0.00     0.00    1,248,710,994.68

<CAPTION>

    FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                          PASS-THROUGH RATES
                        PRIOR                                                       CURRENT                           CURRENT
                        PRINCIPAL                                                  PRINCIPAL       CLASS            PASS THRU
 CLASS    CUSIP         FACTOR          PRINCIPAL     INTEREST      TOTAL            FACTOR                              RATE
<S>      <C>           <C>              <C>           <C>          <C>           <C>                 <C>           <C>
A1       161505CV2       908.16392943   5.87613426    4.55973974   10.43587399     902.28779517      A1            6.025000 %
A2       161505CW0     1,000.00000000   0.00000000    5.32500000    5.32500000   1,000.00000000      A2            6.390000 %
B        161505CZ3     1,000.00000000   0.00000000    5.32500003    5.32500003   1,000.00000000      B             6.390000 %
C        161505DA7     1,000.00000000   0.00000000    5.32499994    5.32499994   1,000.00000000      C             6.390000 %
D        161505DB5     1,000.00000000   0.00000000    5.32499993    5.32499993   1,000.00000000      D             6.390000 %
</TABLE>

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 2

Chase Commercial Mtg. Securities Corp., Series 1998-2

                         Statement to Certificateholders
                                   May 18 2000
<TABLE>
<CAPTION>

        FACTOR INFORMATION PER $1000 OF ORIGINAL FACE PASS-THROUGH RATES
                          PRIOR                                                       CURRENT                       CURRENT
                        PRINCIPAL                                                    PRINCIPAL     CLASS          PASS THRU
 CLASS     CUSIP         FACTOR            PRINCIPAL     INTEREST     TOTAL            FACTOR                          RATE
<S>       <C>          <C>                <C>           <C>          <C>          <C>                <C>         <C>
E         161505DC3    1,000.00000000     0.00000000    5.32500005   5.32500005   1,000.00000000     E           6.390000 %
F         161505DD1    1,000.00000000     0.00000000    5.32499997   5.32499997   1,000.00000000     F           6.390000 %
G         161505DE9    1,000.00000000     0.00000000    5.32499979   5.32499979   1,000.00000000     G           6.390000 %
H         161505DF6    1,000.00000000     0.00000000    5.32500002   5.32500002   1,000.00000000     H           6.390000 %
I         161505DG4    1,000.00000000     0.00000000    5.32500033   5.32500033   1,000.00000000     I           6.390000 %
J         161505DH2    1,000.00000000     0.00000000    5.32500002   5.32500002   1,000.00000000     J           6.390000 %
TOTALS                   985.60327266     0.92117511    5.20503359   6.12620870     984.68209755

X         161505CY6      985.60327266     0.00000000    0.47068209   0.47068209     984.68209755     X           0.573069 %
</TABLE>


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 3

Chase Commercial Mtg. Securities Corp., Series 1998-2

                                   May 18 2000

         Available Funds                                           8,365,755.91
         Principal Distribution Amount                             1,168,175.49
         Default Interest                                                  0.00
         Excess Interest                                                   0.00
         Extraordinary Trust Fund Expenses                                 0.00

         Interest Reserve Account
         Beginning Balance                                                 0.00
           Deposits                                                        0.00
           Withdrawals                                                     0.00
         Ending Balance                                                    0.00

         Balance Information

         Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
                         Group Totals

                                                Principal
                         Period      Number       Balance        Percentage
                        31-60 days      0            0.00            0.00 %
                        61-90 days      0            0.00            0.00 %
                        91+days         0            0.00            0.00 %
                         Total          0            0.00            0.00 %


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 4

Chase Commercial Mtg. Securities Corp., Series 1998-2

                                   May 18 2000

         Prepayment Penalties

         Advance Summary
         Principal & Interest Advances
         Current Principal & Interest Advances                         30,415.31
         Outstanding Principal & Interest Advances                     30,415.31


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 5

Chase Commercial Mtg. Securities Corp., Series 1998-2

                                   May 18 2000

          Fee Summary
          Master Servicing Fees                                        43,888.15
          Sub-Servicing Fees                                           20,831.32
          Trustee Fees                                                  5,989.00
          Special Servicer Fee                                              0.00


          Appraisal Reduction Amounts

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 6

Chase Commercial Mtg. Securities Corp., Series 1998-2

                                   May 18 2000

         Interest Detail

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

[LOGO OMITTED]
STATE STREET(R)
Serving Institutional Investors Worldwide(TM)

             Chase Manhattan - First Union Commercial Mortgage Trust
                  Commercial Mortgage Pass Through Certificates
                                  Series 1999-1
                                      B305

                                                    Payment Date:   May 17, 2000
State Street Corporation                            Record Date:  April 30, 2000
Corporate Trust
2 Avenue de Lafayette
Boston, MA  02111-1724

<TABLE>
<CAPTION>

Trustee's Report to Certificateholders
Table of Content
------------------------------------------------------------------------------------------------------------------------------------
Report Sections                            Preparer             Page Number
---------------                            --------             -----------
<S>                                        <C>                    <C>
Distribution Date Statement                Trustee                 1 - 6
Loan Schedule                              Trustee                 7 - 11
Loan Portfolio Stratifications             Trustee                12 - 13
REO Status Report                          Servicer                 14
Watch List                                 Servicer                 15
Delinquent Loan Status                     Servicer                 16
Historical Loan Modification Report        Servicer                 17
Historical Liquidation Report              Servicer                 18
Comparative Financial Report               Servicer               19 - 26
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

Additional Report/File
------------------------------------------------------------------------------------------------------------------------------------
<S>                                        <C>                 <C>
CSSA Periodic Loan Update File             Servicer            Delivery Through Web Site
Operating Statement Analysis               Servicer            Upon Reqest
NOI Adjustment Worksheet                   Servicer            Upon Reqest
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

State Street Information Delivery Vehicles
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                         <C>
Web Site:                                                   http://corporatetrust.statestreet.com
For other information delivery requests:                    [email protected]
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

Deal-Specific Contacts
------------------------------------------------------------------------------------------------------------------------------------
<S>                                                         <C>                               <C>
Account Officer (trustee and paying agent questions):       Daniel Scully                     (617) 662-1343
Account Administrator (analytics and collateral questions): Chris O'Connor                    (617) 662-1291
Servicer                   The Chase Manhattan Bank                                           (212) 622-3009
Special Servicer           Orix Real Estate Capital Markets                                   (214) 290-2489
------------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

Rating Agency Contacts
------------------------------------------------------------------------------------------------------------------------------------
<S>                        <C>                              <C>                               <C>
Duffs & Phelps Rating Co.  Fitch IBCA, Inc.                 Moody's Investors Service         Standard & Poor's Rating Services
55 East Monroe Street      One State Street Plaza           99 Church Street                  26 Brookway
Chicago, Illinois 60603    New York, NY 10004               New York, NY 10007                New York, NY 10007
(312) 368-3100             (212) 908-0500                   (212) 553-0300                    (212) 208-8000
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>

This report has been prepared by, or is based on information furnished to State
Street Bank and Trust Company ("State Street") by, one or more third parties
(e.g. Servicers, Master Servicer, etc.), and State Street has not independently
verified information received from or prepared by any such third party. State
Street shall not and does not undertake responsibility for the accuracy,
completeness, or sufficiency of this report or the information contained herein
for any purpose, and State Street makes no representations or warranties with
respect thereto. The information in this report is presented here with the
approval of the Issuer soley as a convience for the user, and should not be
reiled upon withour further investigation by any user contemplating an
investment decision with repsect to the related securities.

                                  Page 1 of 6
<PAGE>


[LOGO OMITTED]
STATE STREET(R)
Serving Institutional Investors Worldwide(TM)


             Chase Manhattan - First Union Commercial Mortgage Trust
                  Commercial Mortgage Pass Through Certificates
                                  Series 1999-1
                                      B305

                                                     Payment Date:  May 17, 2000
                                                     Record Date: April 30, 2000

<TABLE>
<CAPTION>
Trustee's Report to Certificateholders
Payment Summary
------------------------------------------------------------------------------------------------------------
                      Pass-Through   Interest         Original               Beginning         Principal
 Class      CUSIP         Rate         Type            Balance                Balance            Paid
------------------------------------------------------------------------------------------------------------
<S>       <C>           <C>          <C>        <C>                    <C>                  <C>
  A-1     161582AA9     7.1340%        Fixed      $210,400,000.00        $202,980,818.57    $1,019,694.12
  A-2     161582AB7     7.4390%        Fixed      $816,865,579.00        $816,865,579.00         $0.00
   B      161582AD3     7.6190%        Fixed       $76,870,213.00         $76,870,213.00         $0.00
   C      161582AE1     7.6250%        Fixed       $62,893,811.00         $62,893,811.00         $0.00
   D      161582AF8     7.6250%        Fixed       $20,964,604.00         $20,964,604.00         $0.00
   E      161582AG6     7.5780%      Variable      $48,917,408.00         $48,917,408.00         $0.00
   F      161582AH4     7.5780%      Variable      $17,470,503.00         $17,470,503.00         $0.00
   G      161582AJ0     6.4000%        Fixed       $59,399,711.00         $59,399,711.00         $0.00
   H      161582AK7     6.4000%        Fixed       $10,482,302.00         $10,482,302.00         $0.00
   I      161582AL5     6.4000%        Fixed       $10,482,301.00         $10,482,301.00         $0.00
   J      161582AM3     6.4000%        Fixed       $20,964,604.00         $20,964,604.00         $0.00
   K      161582AN1     6.4000%        Fixed        $6,988,201.00          $6,988,201.00         $0.00
   L      161582AP6     6.4000%        Fixed        $8,735,252.00          $8,735,252.00         $0.00
   M      161582AQ4     6.4000%        Fixed       $26,205,752.00         $26,205,752.00         $0.00
  X*      161582AC5     0.3128%      Variable   $1,397,640,241.00      $1,390,221,059.57         $0.00
   R         N/A        0.0000%      Residual               $0.00                  $0.00         $0.00
------------------------------------------------------------------------------------------------------------
* Based on a Notional Balance        Totals:    $1,397,640,241.00      $1,390,221,059.57   $1,019,694.12
------------------------------------------------------------------------------------------------------------

<CAPTION>

Trustee's Report to Certificateholders
Payment Summary
----------------------------------------------------------------
               Interest           Total             Ending
 Class           Paid              Paid            Balance
----------------------------------------------------------------
<S>        <C>               <C>             <C>
  A-1      $1,206,720.97     $2,226,415.09     $201,961,124.45
  A-2      $5,063,885.87     $5,063,885.87     $816,865,579.00
   B         $488,061.79       $488,061.79      $76,870,213.00
   C         $399,637.76       $399,637.76      $62,893,811.00
   D         $133,212.59       $133,212.59      $20,964,604.00
   E         $308,912.78       $308,912.78      $48,917,408.00
   F         $110,325.99       $110,325.99      $17,470,503.00
   G         $316,798.46       $316,798.46      $59,399,711.00
   H          $55,905.61        $55,905.61      $10,482,302.00
   I          $55,905.61        $55,905.61      $10,482,301.00
   J         $111,811.22       $111,811.22      $20,964,604.00
   K          $37,270.41        $37,270.41       $6,988,201.00
   L          $46,588.01        $46,588.01       $8,735,252.00
   M         $139,764.01       $139,764.01      $26,205,752.00
  X*         $362,352.26       $362,352.26   $1,389,201,365.45
   R            $0.00             $0.00             $0.00
----------------------------------------------------------------
 Totals:   $8,837,153.34     $9,856,847.46   $1,389,201,365.45
----------------------------------------------------------------

<CAPTION>

Distributions per Certificate
--------------------------------------------------------------------------------
            Beginning       Principal         Interest            Ending
 Class   Certif. Factor   Distribution(1)   Distribution(1)   Certif. Factor
--------------------------------------------------------------------------------
<S>        <C>              <C>              <C>                <C>           <C>
  A-1      0.964737731      4.8464549        5.735365827        0.959891276
  A-2      1.000000000      0.0000000        6.199166669        1.000000000
   B       1.000000000      0.0000000        6.349166614        1.000000000
   C       1.000000000      0.0000000        6.354166708        1.000000000
   D       1.000000000      0.0000000        6.354166766        1.000000000
   E       1.000000000      0.0000000        6.314986681        1.000000000
   F       1.000000000      0.0000000        6.314986466        1.000000000
   G       1.000000000      0.0000000        5.333333356        1.000000000
   H       1.000000000      0.0000000        5.333333270        1.000000000
   I       1.000000000      0.0000000        5.333333779        1.000000000
   J       1.000000000      0.0000000        5.333333270        1.000000000
   K       1.000000000      0.0000000        5.333334001        1.000000000
   L       1.000000000      0.0000000        5.333333257        1.000000000
   M       1.000000000      0.0000000        5.333333308        1.000000000
  X*       0.994691637      0.0000000        0.259260037        0.993962055
   R           N/A             N/A               N/A                N/A       (1) represents net payment per certificate
--------------------------------------------------------------------------------
</TABLE>

                                  Page 2 of 6
<PAGE>


[LOGO OMITTED]
STATE STREET(R)
Serving Institutional Investors Worldwide(TM)


             Chase Manhattan - First Union Commercial Mortgage Trust
                  Commercial Mortgage Pass Through Certificates
                                  Series 1999-1
                                      B305

                                                    Payment Date:   May 17, 2000
                                                    Record Date:  April 30, 2000

<TABLE>
<CAPTION>

Trustee's Report to Certificateholders
Principal Detail
----------------------------------------------------------------------------------------------------------------------
              Beginning          Scheduled      Unscheduled    Other Principal/    Total Principal   Realized Losses/
  Class        Balance           Principal       Principal     Cash Adjustments    Distrib. Amount     Balance Adj.
----------------------------------------------------------------------------------------------------------------------
<S>     <C>                   <C>                  <C>              <C>             <C>                   <C>
   A-1    $202,980,818.57     $1,019,694.12        $0.00            $0.00           $1,019,694.12         $0.00
   A-2    $816,865,579.00          $0.00           $0.00            $0.00               $0.00             $0.00
    B      $76,870,213.00          $0.00           $0.00            $0.00               $0.00             $0.00
    C      $62,893,811.00          $0.00           $0.00            $0.00               $0.00             $0.00
    D      $20,964,604.00          $0.00           $0.00            $0.00               $0.00             $0.00
    E      $48,917,408.00          $0.00           $0.00            $0.00               $0.00             $0.00
    F      $17,470,503.00          $0.00           $0.00            $0.00               $0.00             $0.00
    G      $59,399,711.00          $0.00           $0.00            $0.00               $0.00             $0.00
    H      $10,482,302.00          $0.00           $0.00            $0.00               $0.00             $0.00
    I      $10,482,301.00          $0.00           $0.00            $0.00               $0.00             $0.00
    J      $20,964,604.00          $0.00           $0.00            $0.00               $0.00             $0.00
    K       $6,988,201.00          $0.00           $0.00            $0.00               $0.00             $0.00
    L       $8,735,252.00          $0.00           $0.00            $0.00               $0.00             $0.00
    M      $26,205,752.00          $0.00           $0.00            $0.00               $0.00             $0.00
    X*  $1,390,221,059.57          $0.00           $0.00            $0.00               $0.00             $0.00
    R           $0.00              $0.00           $0.00            $0.00               $0.00             $0.00
----------------------------------------------------------------------------------------------------------------------
Totals: $1,390,221,059.57    $1,019,694.12         $0.00            $0.00           $1,019,694.12         $0.00
        --------------------------------------------------------------------------------------------------------------

<CAPTION>

Trustee's Report to Certificateholders
Principal Detail
----------------------------------------------------------------------------
             Reimbursement of                Ending           Cumulative
  Class Prior loss/additional exp.          Balance        Realized Losses
----------------------------------------------------------------------------
<S>               <C>                 <C>                        <C>
   A-1            $0.00                 $201,961,124.45          $0.00
   A-2            $0.00                 $816,865,579.00          $0.00
    B             $0.00                  $76,870,213.00          $0.00
    C             $0.00                  $62,893,811.00          $0.00
    D             $0.00                  $20,964,604.00          $0.00
    E             $0.00                  $48,917,408.00          $0.00
    F             $0.00                  $17,470,503.00          $0.00
    G             $0.00                  $59,399,711.00          $0.00
    H             $0.00                  $10,482,302.00          $0.00
    I             $0.00                  $10,482,301.00          $0.00
    J             $0.00                  $20,964,604.00          $0.00
    K             $0.00                   $6,988,201.00          $0.00
    L             $0.00                   $8,735,252.00          $0.00
    M             $0.00                  $26,205,752.00          $0.00
    X*            $0.00               $1,389,201,365.45          $0.00
    R             $0.00                      $0.00               $0.00
----------------------------------------------------------------------------
Totals:           $0.00               $1,389,201,365.45          $0.00
        --------------------------------------------------------------------
</TABLE>

<TABLE>
<CAPTION>

Interest Detail
-------------------------------------------------------------------------------------------------------------------
                Accrued        Beg. Unpaid      Prepayment    Current Interest    Prepayment Premium/   Deferred
 Class     Certif. Interest     Interest      Int. Shortfall     Shortfalls        Yield Maintenance    Interest
-------------------------------------------------------------------------------------------------------------------
<S>          <C>                  <C>              <C>             <C>                   <C>             <C>
  A-1        $1,206,720.97        $0.00            $0.00           $0.00                 $0.00           $0.00
  A-2        $5,063,885.87        $0.00            $0.00           $0.00                 $0.00           $0.00
   B           $488,061.79        $0.00            $0.00           $0.00                 $0.00           $0.00
   C           $399,637.76        $0.00            $0.00           $0.00                 $0.00           $0.00
   D           $133,212.59        $0.00            $0.00           $0.00                 $0.00           $0.00
   E           $308,912.78        $0.00            $0.00           $0.00                 $0.00           $0.00
   F           $110,325.99        $0.00            $0.00           $0.00                 $0.00           $0.00
   G           $316,798.46        $0.00            $0.00           $0.00                 $0.00           $0.00
   H            $55,905.61        $0.00            $0.00           $0.00                 $0.00           $0.00
   I            $55,905.61        $0.00            $0.00           $0.00                 $0.00           $0.00
   J           $111,811.22        $0.00            $0.00           $0.00                 $0.00           $0.00
   K            $37,270.41        $0.00            $0.00           $0.00                 $0.00           $0.00
   L            $46,588.01        $0.00            $0.00           $0.00                 $0.00           $0.00
   M           $139,764.01        $0.68            $0.00           $0.00                 $0.00           $0.00
   X*          $362,352.26        $0.00            $0.00           $0.00                 $0.00           $0.00
   R             $0.00            $0.00            $0.00           $0.00                 $0.00           $0.00
-------------------------------------------------------------------------------------------------------------------
 Totals:     $8,837,153.34        $0.68            $0.00           $0.00                 $0.00           $0.00
        -----------------------------------------------------------------------------------------------------------

<CAPTION>

Interest Detail
------------------------------------------------------------------
                Excess       Total Interest      Cum. Unpaid
 Class         Interest      Distr. Amount    Interest Shortfall
------------------------------------------------------------------
<S>             <C>          <C>                    <C>
  A-1           $0.00        $1,206,720.97          $0.00
  A-2           $0.00        $5,063,885.87          $0.00
   B            $0.00         $488,061.79           $0.00
   C            $0.00         $399,637.76           $0.00
   D            $0.00         $133,212.59           $0.00
   E            $0.00         $308,912.78           $0.00
   F            $0.00         $110,325.99           $0.00
   G            $0.00         $316,798.46           $0.00
   H            $0.00          $55,905.61           $0.00
   I            $0.00          $55,905.61           $0.00
   J            $0.00         $111,811.22           $0.00
   K            $0.00          $37,270.41           $0.00
   L            $0.00          $46,588.01           $0.00
   M            $0.00         $139,764.01           $0.68
   X*           $0.00         $362,352.26           $0.00
   R            $0.00            $0.00              $0.00
------------------------------------------------------------------
 Totals:        $0.00        $8,837,153.34          $0.68
        ----------------------------------------------------------
</TABLE>


                                  Page 3 of 6
<PAGE>


[LOGO OMITTED]
STATE STREET(R)
Serving Institutional Investors Worldwide(TM)


             Chase Manhattan - First Union Commercial Mortgage Trust
                  Commercial Mortgage Pass Through Certificates
                                  Series 1999-1
                                      B305


                                                    Payment Date: May 17, 2000
                                                    Record Date:  April 30, 2000
Trustee's Report to Certificateholders


<TABLE>
<CAPTION>

  Delinquency Statistics
                  ------------------------------------------------------------------------------------------------------------------
                            One Month             Two Months          Three+Months       Foreclosures                Total
  ----------------------------------------------------------------------------------------------------------------------------------
<S>                           <C>                <C>                      <C>                <C>                  <C>
  # of Loans                    0                     1                    0                  0                        1
  ----------------------------------------------------------------------------------------------------------------------------------
  Ending APB                  0.00               2,388,882.62             0.00               0.00                 2,388,882.62
  ----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

  Appraisal Reduction
                                                                           ---------------------------------------------------------
                                                                              Current Total                    Cumulative Total
  ----------------------------------------------------------------------------------------------------------------------------------
<S>                         <C>        <C>        <C>                          <C>                               <C>
  Loan Number                 0           0         0                            0                                 0
  ----------------------------------------------------------------------------------------------------------------------------------
  Amount                     0.00       0.00       0.00                         0.00                              0.00
  ----------------------------------------------------------------------------------------------------------------------------------
  ASER Date                 0/0/00     0/0/00     0/0/00                       0/0/00                            0/0/00
  ----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

  Liquidated Mortgage Loans
  ----------------------------------------------------------------------------------------------------------------------------------
      Loan Number      Aggregate Liquidation Proceeds    Proceeds allocable to certificates      Collateral Support Deficit
  ----------------------------------------------------------------------------------------------------------------------------------
<S>                              <C>                                 <C>                               <C>
  No Liquidated Loans            0.00                                0.00                              0.00
  ----------------------------------------------------------------------------------------------------------------------------------
  No Liquidated Loans            0.00                                0.00                              0.00
  ----------------------------------------------------------------------------------------------------------------------------------

<CAPTION>

  REO Properties (which a Final Recovery Determination has been made)
  ----------------------------------------------------------------------------------------------------------------------------------
     Loan Number     Aggregate Liquidation Proceeds  Proceeds allocable to certificates  Collateral Support Deficit  Appraised Value
  ----------------------------------------------------------------------------------------------------------------------------------
<S>                             <C>                              <C>                                      <C>              <C>
  No REO Properties             0.00                             0.00                                     0.00             0.00
  ----------------------------------------------------------------------------------------------------------------------------------
  No REO Properties             0.00                             0.00                                     0.00             0.00
  ----------------------------------------------------------------------------------------------------------------------------------

  ----------------------------------------------------------------------------------------------------------------------------------
  Aggregate amount of monies collected by Servicer with respect to REO property during the Collection Period                 0.00
  ----------------------------------------------------------------------------------------------------------------------------------

  ----------------------------------------------------------------------------------------------------------------------------------
  Aggr. of all Liquidation Proceeds and other amt. received in connection with Final Recovery Determination                  0.00
  ----------------------------------------------------------------------------------------------------------------------------------


  Mortgage Loans which were defeased during the related Due Period
  ----------------------------------------------------------------------------
    Loan Number         NA               NA                 NA
  ----------------------------------------------------------------------------
</TABLE>


                                  Page 4 of 6
<PAGE>


[LOGO]
      STATE STREET(R)
      Serving Institutional Investors Worldwide(SM)

             Chase Manhattan - First Union Commercial Mortgage Trust
                  Commercial Mortgage Pass Through Certificates
                                  Series 1999-1
                                      B305


                                                     Payment Date:  May 17, 2000
                                                     Record Date: April 30, 2000
<TABLE>
<CAPTION>

Trustee's Report to Certificateholders

<S>                                                                                                              <C>
     ===============================================================================================================================
     Available Distribution Amount                                                                                      9,856,847.46
     ===============================================================================================================================

<CAPTION>
     Collateral Information:
     ===============================================================================================================================
<S>                                                      <C>                        <C>                          <C>
                                                                                      Current Period              Current Period
                                                             Closing                    Beginning                      Ending
                                                             -------                    ---------                      ------

     Stated Principal Balance                            1,397,640,242.00           1,390,221,060.43                1,389,201,366.31
     Actual Principal Balance                                                                                       1,389,259,661.92
     Loan Count                                                                           205                             205

     Gross WAC                                                                               7.68703%
     Net WAC                                                                                 7.62798%
     ===============================================================================================================================

<CAPTION>
     Interest Reserve Account:
     ===========================================================
<S>                                                         <C>
     Beginning Balance                                      0.00
     Deposits                                               0.00
     Withdrawals                                            0.00
     Ending Balance                                         0.00
     ===========================================================

<CAPTION>
     Advances:
     ===============================================================================================================================
<S>                                                                                                                       <C>
     Aggregate P&I Advances                                                                                                     0.00
     Aggregate unreimbursed P&I Advances outstanding as of close of business on distribution date                         497,753.82
     Interest accrued and payable to Master Servicer in respect of unreimbursed P&I Advances                                    0.00
     Interest Payable to Master Servicer on Advances                                                                            0.00
     Aggregate Amount of interest on Servicing Advances paid to the Special Servicer                                            0.00
     ===============================================================================================================================

<CAPTION>
     Servicing and Trustee Fees:
     ===============================================================================================================================
<S>                                                                                                                       <C>
     Aggregate Amount of servicing compensation paid to Master Servicer                                                    67,241.53
     Aggregate Amount of servicing compensation paid to Special Servicer                                                        0.00
     Aggregate Amount of servicing compensation paid to Sub-Servicer directly out of trust fund                                 0.00
     Sub-Servicing Fee (included in Master Servicing Fee)                                                                       0.00
     Trustee Fees
     ===============================================================================================================================

<CAPTION>
     Aggregate Amount Of:
     ===================================================
<S>                                                <C>
     Liquidation Proceeds                          0.00
     Insurance Proceeds                            0.00
     Principal Recovery Fees                       0.00
     Additional Trust Fund Expenses                0.00
     Additional Interest                           0.00
     Net Default Interest                          0.00
     ===================================================
</TABLE>


                                  Page 5 of 6
<PAGE>

<TABLE>
<CAPTION>
                                               Chase Manhattan - First Union Commercial Mortgage Trust
                                                     Commercial Mortgage Pass Through Certificates
[LOGO]                                                               Series 1999-1
      STATE STREET(R)                                                      B305
      Serving Institutional Investors Worldwide(SM)

                                                                                                        Payment Date:   May 17, 2000

                                                                                                        Record Date:  April 30, 2000

Trustee's Report to Certificateholders

                                                      Original/Current Ratings
------------------------------------------------------------------------------------------------------------------------------------
           Original    Current      Original    Current Fitch    Original Moody's   Current Moodys   Original S&P      Current S&P
 Class       DCR         DCR         Fitch         19990925                                                              19990925
------------------------------------------------------------------------------------------------------------------------------------
<S>        <C>         <C>            <C>            <C>              <C>                <C>              <C>              <C>
  A-1                                 AAA            AAA                                                  AAA              AAA
  A-2                                 AAA            AAA                                                  AAA              AAA
   B                                   AA             AA                                                  AA               AA
   C                                   A              A                                                    A                A
   D                                   A-             A-                                                   A-               A-
   E                                  BBB            BBB                                                  BBB              BBB
   F                                  BBB-           BBB-                                                 BBB-             BBB-
   G                                   NR             NR                                                   NR               NR
   H                                   NR             NR                                                   NR               NR
   I                                   NR             NR                                                   NR               NR
   J                                   NR             NR                                                   NR               NR
   K                                   NR             NR                                                   NR               NR
   L                                   NR             NR                                                   NR               NR
   M                                   NR             NR                                                   NR               NR
   X*                                 AAA            AAA                                                  AAA              AAA
   R
------------------------------------------------------------------------------------------------------------------------------------
</TABLE>


<TABLE>
<CAPTION>
Subordinate Support Percentage & Original Class Maturity @ 0% CPR                             Prepayment Speed History
----------------------------------------------------------------------------------            -----------------------------------
            Orig. Class Maturity     Original Subordinate      Current Subordinate                                     CPR
 Class            @ 0% CPR            Support Percentage       Support Percentage                                       %
 -----            --------            ------------------       ------------------
<S>                <C>                     <C>                       <C>                          <C>                 <C>
  A-1              8/15/2007               26.500%                   26.661%                       1 month            0.00%
  A-2              8/15/2009               26.500%                   26.661%                       3 month            0.00%
   B               8/15/2009               21.000%                   21.128%                       6 month            0.00%
   C               8/15/2009               16.500%                   16.600%                      12 month            0.00%
   D               8/15/2009               15.000%                   15.091%                        Life              0.00%
   E               8/15/2011               11.500%                   11.570%                   ----------------------------------
   F               8/15/2011               10.250%                   10.312%
   G                                        6.000%                    6.036%
   H                                        5.250%                    5.282%
   I                                        4.500%                    4.527%
   J                                        3.000%                    3.018%
   K                                        2.500%                    2.515%
   L                                        1.875%                    1.886%
   M                                        0.000%                    0.000%
   X*                                         NA                       NA
   R                                          NA                       NA
----------------------------------------------------------------------------------
</TABLE>


                                   Page 6 of 6
<PAGE>

                                                                          Page 1

<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1999-2

                         Statement to Certificateholders
                                   May 17 2000

        DISTRIBUTION IN DOLLARS
                ORIGINAL           PRIOR                                                                                 CURRENT
                 FACE            PRINCIPAL                                                   REALIZED    DEFERRED       PRINCIPAL
 CLASS           VALUE            BALANCE        PRINCIPAL        INTEREST        TOTAL        LOSES     INTEREST        BALANCE
<S>          <C>               <C>               <C>           <C>            <C>              <C>        <C>       <C>
A1           105,920,000.00    103,364,539.27    591,708.54      605,716.20   1,197,424.74     0.00       0.00      102,772,830.73
A2           469,330,397.00    469,330,397.00          0.00    2,815,200.16   2,815,200.16     0.00       0.00      469,330,397.00
B             41,089,314.00     41,089,314.00          0.00      251,432.36     251,432.36     0.00       0.00       41,089,314.00
C             37,176,046.00     37,176,046.00          0.00      232,938.91     232,938.91     0.00       0.00       37,176,046.00
D             11,739,804.00     11,739,804.00          0.00       75,663.04      75,663.04     0.00       0.00       11,739,804.00
E             27,392,876.00     27,392,876.00          0.00      176,547.09     176,547.09     0.00       0.00       27,392,876.00
F             11,739,804.00     11,739,804.00          0.00       75,663.04      75,663.04     0.00       0.00       11,739,804.00
G             27,392,876.00     27,392,876.00          0.00      148,378.08     148,378.08     0.00       0.00       27,392,876.00
H              7,826,536.00      7,826,536.00          0.00       42,393.74      42,393.74     0.00       0.00        7,826,536.00
I              6,848,219.00      6,848,219.00          0.00       37,094.52      37,094.52     0.00       0.00        6,848,219.00
J              8,804,853.00      8,804,853.00          0.00       47,692.95      47,692.95     0.00       0.00        8,804,853.00
K              6,848,219.00      6,848,219.00          0.00       37,094.52      37,094.52     0.00       0.00        6,848,219.00
L              5,869,902.00      5,869,902.00          0.00       31,795.30      31,795.30     0.00       0.00        5,869,902.00
M             14,674,755.00     14,674,755.00          0.00       78,118.51      78,118.51     0.00       0.00       14,674,755.00
R                      0.00              0.00          0.00            0.00           0.00     0.00       0.00                0.00
S                      0.00              0.00          0.00            0.00           0.00     0.00       0.00                0.00
TOTALS       782,653,601.00    780,098,140.27    591,708.54    4,655,728.42   5,247,436.96     0.00       0.00      779,506,431.73

X            782,653,601.00    780,098,140.27          0.00      589,862.90     589,862.90     0.00       0.00      779,506,431.73

<CAPTION>
 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                    PASS-THROUGH RATES
                             PRIOR                                                           CURRENT                         CURRENT
                           PRINCIPAL                                                        PRINCIPAL      CLASS           PASS THRU
 CLASS        CUSIP         FACTOR         PRINCIPAL       INTEREST          TOTAL            FACTOR                            RATE
<S>          <C>          <C>              <C>             <C>            <C>               <C>            <C>    <C>
A1           161505DJ8    975.87367136     5.58637217      5.71861971     11.30499188       970.28729919     A1          7.032000 %
</TABLE>



                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                          Page 2

<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1999-2
                                                                     Statement to Certificateholders
                                                                     May 17 2000

 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                PASS-THROUGH RATES
                            PRIOR                                                      CURRENT                           CURRENT
                          PRINCIPAL                                                   PRINCIPAL        CLASS           PASS THRU
 CLASS     CUSIP           FACTOR       PRINCIPAL     INTEREST        TOTAL             FACTOR                              RATE
<S>       <C>          <C>              <C>          <C>            <C>             <C>                  <C>          <C>
A2        161505DK5    1,000.00000000   0.00000000   5.99833332     5.99833332      1,000.00000000       A2           7.198000 %
B         161505DM1    1,000.00000000   0.00000000   6.11916665     6.11916665      1,000.00000000       B            7.343000 %
C         161505DN9    1,000.00000000   0.00000000   6.26583338     6.26583338      1,000.00000000       C            7.519000 %
D         161505DP4    1,000.00000000   0.00000000   6.44500027     6.44500027      1,000.00000000       D            7.734000 %
E         161505DQ2    1,000.00000000   0.00000000   6.44500015     6.44500015      1,000.00000000       E            7.734000 %
F         161505DR0    1,000.00000000   0.00000000   6.44500027     6.44500027      1,000.00000000       F            7.734000 %
G         161505DS8    1,000.00000000   0.00000000   5.41666673     5.41666673      1,000.00000000       G            6.500000 %
H         161505DT6    1,000.00000000   0.00000000   5.41666709     5.41666709      1,000.00000000       H            6.500000 %
I         161505DU3    1,000.00000000   0.00000000   5.41666673     5.41666673      1,000.00000000       I            6.500000 %
J         161505DV1    1,000.00000000   0.00000000   5.41666624     5.41666624      1,000.00000000       J            6.500000 %
K         161505DW9    1,000.00000000   0.00000000   5.41666673     5.41666673      1,000.00000000       K            6.500000 %
L         161505DX7    1,000.00000000   0.00000000   5.41666624     5.41666624      1,000.00000000       L            6.500000 %
M         161505DY5    1,000.00000000   0.00000000   5.32332635     5.32332635      1,000.00000000       M            6.500000 %
TOTALS                   996.73487642   0.75602864   5.94864499     6.70467363        995.97884777

X         161505DL3      996.73487642   0.00000000   0.75367046     0.75367046        995.97884777       X            0.907367 %
</TABLE>


IF THERE ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT, PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]

                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>
                                                                          Page 3

<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1999-2
                                                                     May 17 2000
<S>                                                                                                                   <C>
      Available Funds                                                                                                 5,837,299.85
      Principal Distribution Amount                                                                                     591,708.54
      Scheduled Principal Distribution Amount                                                                           591,708.54
      Unscheduled Principal Distribution Amount                                                                               0.00
      Miscellaneous Trust Fund Expenses                                                                                       0.00

      Interest Reserve Account
      Deposits                                                                                                                0.00
      Withdrawals                                                                                                             0.00


      Balance Information

      Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency

<CAPTION>
                  Group Totals
                                                 Principal
                  Period            Number        Balance       Percentage
<S>                                    <C>          <C>            <C>
                 31-60 days            0            0.00           0.00 %
                 61-90 days            0            0.00           0.00 %
                 91+days               0            0.00           0.00 %
                  Total                0            0.00           0.00 %
</TABLE>




                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>
                                                                          Page 4

<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1999-2
                                                                     May 17 2000

<S>                                                                                                                       <C>
     Prepayment Penalties

     Advance Summary
     Principal & Interest Advances
     Current Principal & Interest Advances                                                                                    0.00
     Outstanding Principal & Interest Advances                                                                                0.00
     Reimbursement of Interest on any P&I Advances                                                                          107.07
     Reimbursement of Interest on any T&I Advances                                                                        1,262.68
</TABLE>





                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                          Page 5

<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1999-2
                                                                     May 17 2000
<S>                                                                                                                     <C>
      Fee Summary
      Servicing Fees                                                                                                    40,200.99
      Trustee Fees                                                                                                       1,040.13
      Special Servicer Fee                                                                                                   0.00
      Workout Fee                                                                                                            0.00


      Appraisal Reduction Amounts

</TABLE>



                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION

<PAGE>

                                                                          Page 6

<TABLE>
<CAPTION>
Chase Commercial Mortgage Securities Corp. Commercial Mortgage Pass-Through Certificates Series 1999-2
                                                                     May 17 2000
<S>                                                                                                             <C>
     Interest Detail


</TABLE>



                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>

                                                                          Page 1

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

<TABLE>
<CAPTION>
                                                   Statement to Certificateholders
                                                             May 17 2000

       DISTRIBUTION IN DOLLARS
              ORIGINAL            PRIOR                                                                                 CURRENT
                FACE            PRINCIPAL                                                    REALIZED   DEFERRED       PRINCIPAL
  CLASS        VALUE             BALANCE       PRINCIPAL        INTEREST        TOTAL          LOSES    INTEREST        BALANCE
<S>       <C>                <C>               <C>           <C>             <C>             <C>        <C>         <C>
A1        123,675,000.00     123,385,511.05    470,446.47      787,199.56    1,257,646.03      0.00       0.00      122,915,064.58
A2        388,670,024.00     388,670,024.00          0.00    2,512,427.81    2,512,427.81      0.00       0.00      388,670,024.00
B          36,596,073.00      36,596,073.00          0.00      237,996.46      237,996.46      0.00       0.00       36,596,073.00
C          33,110,734.00      33,110,734.00          0.00      219,027.51      219,027.51      0.00       0.00       33,110,734.00
D          10,456,020.00      10,456,020.00          0.00       70,011.77       70,011.77      0.00       0.00       10,456,020.00
E          24,397,383.00      24,397,383.00          0.00      165,530.14      165,530.14      0.00       0.00       24,397,383.00
F          10,456,020.00      10,456,020.00          0.00       70,941.48       70,941.48      0.00       0.00       10,456,020.00
G          24,397,382.00      24,397,382.00          0.00      135,202.16      135,202.16      0.00       0.00       24,397,382.00
H           5,228,011.00       5,228,011.00          0.00       28,971.89       28,971.89      0.00       0.00        5,228,011.00
I           6,099,346.00       6,099,346.00          0.00       33,800.54       33,800.54      0.00       0.00        6,099,346.00
J          11,327,356.00      11,327,356.00          0.00       62,772.43       62,772.43      0.00       0.00       11,327,356.00
K           3,485,340.00       3,485,340.00          0.00       19,314.59       19,314.59      0.00       0.00        3,485,340.00
L           3,485,340.00       3,485,340.00          0.00       19,314.59       19,314.59      0.00       0.00        3,485,340.00
M          15,684,032.00      15,684,032.00          0.00       86,915.68       86,915.68      0.00       0.00       15,684,032.00
R                   0.00               0.00          0.00            0.00            0.00      0.00       0.00                0.00
S                   0.00               0.00          0.00            0.00            0.00      0.00       0.00                0.00
TOTALS    697,068,061.00     696,778,572.05    470,446.47    4,449,426.61    4,919,873.08      0.00       0.00      696,308,125.58

X         697,068,061.00     696,778,572.05          0.00      365,138.90      365,138.90      0.00       0.00      696,308,125.58
</TABLE>




                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                         Page 2

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

<TABLE>
<CAPTION>
                                                   Statement to Certificateholders
                                                             May 17 2000
 FACTOR INFORMATION PER $1000 OF ORIGINAL FACE                                                                  PASS-THROUGH RATES
                             PRIOR                                                      CURRENT                            CURRENT
                           PRINCIPAL                                                   PRINCIPAL         CLASS           PASS THRU
 CLASS     CUSIP             FACTOR         PRINCIPAL     INTEREST      TOTAL           FACTOR                                RATE
<S>       <C>           <C>                <C>           <C>          <C>           <C>                  <C>    <C>
A1        161505DZ2       997.65927673     3.80389303    6.36506618   10.16895921     993.85538371        A1            7.656000 %
A2        161505EA6     1,000.00000000     0.00000000    6.46416666    6.46416666   1,000.00000000        A2            7.757000 %
B         161505EC2     1,000.00000000     0.00000000    6.50333329    6.50333329   1,000.00000000        B             7.804000 %
C         161505ED0     1,000.00000000     0.00000000    6.61500014    6.61500014   1,000.00000000        C             7.938000 %
D         161505EE8     1,000.00000000     0.00000000    6.69583360    6.69583360   1,000.00000000        D             8.035000 %
E         161505EF5     1,000.00000000     0.00000000    6.78474982    6.78474982   1,000.00000000        E             8.141700 %
F         161505EG3     1,000.00000000     0.00000000    6.78474984    6.78474984   1,000.00000000        F             8.141700 %
G         161505EH1     1,000.00000000     0.00000000    5.54166672    5.54166672   1,000.00000000        G             6.650000 %
H         161505EJ7     1,000.00000000     0.00000000    5.54166585    5.54166585   1,000.00000000        H             6.650000 %
I         161505EK4     1,000.00000000     0.00000000    5.54166627    5.54166627   1,000.00000000        I             6.650000 %
J         161505EL2     1,000.00000000     0.00000000    5.54166656    5.54166656   1,000.00000000        J             6.650000 %
K         161505EM0     1,000.00000000     0.00000000    5.54166595    5.54166595   1,000.00000000        K             6.650000 %
L         161505EN8     1,000.00000000     0.00000000    5.54166595    5.54166595   1,000.00000000        L             6.650000 %
M         161505EP3     1,000.00000000     0.00000000    5.54166684    5.54166684   1,000.00000000        M             6.650000 %
TOTALS                    999.58470490     0.67489317    6.38305907    7.05795224     998.90981174

X         161505EB4       999.58470490     0.00000000    0.52382102    0.52382102     998.90981174        X             0.628846 %
</TABLE>




                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                         Page 3

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

                         Statement to Certificateholders
                                   May 17 2000






IF THERE, ARE ANY QUESTIONS OR PROBLEMS WITH THIS STATEMENT PLEASE CONTACT THE
ADMINISTRATOR LISTED BELOW:
Diane E Wallace
The Chase Manhattan Bank - Structured Finance Services
450 W. 33rd Street, 14th Floor,
New York, New York 10001
Tel: (212) 946-8583
Email: [email protected]


                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                          Page 4

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

                                   May 17 2000



       Available Funds                                            5,285,011.98
       Principal Distribution Amount                                470,446.47
       Scheduled Principal Distribution Amount                      470,446.47
       Unscheduled Principal Distribution Amount                          0.00
       Miscellaneous Trust Fund Expenses                                  0.00

       Interest Reserve Account
       Deposits                                                           0.00
       Withdrawals                                                        0.00


       Balance Information

       Number and Aggregate Principal Amounts of Mortgage Loans in Delinquency
               Group Totals
                                                     Principal
                  Period              Number          Balance        Percentage
                 31-60 days              0               0.00          0.00 %
                 61-90 days              0               0.00          0.00 %
                 91+days                 0               0.00          0.00 %
                  Total                  0               0.00          0.00 %




                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                          Page 5
Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

                                   May 17 2000

       Prepayment Penalties

       Advance Summary
       Principal & Interest Advances
       Current Principal & Interest Advances                         18,579.96
       Outstanding Principal & Interest Advances                     18,579.96
       Reimbursement of Interest on any P&I Advances                      0.00
       Reimbursement of Interest on any T&I Advances                      0.00





                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                          Page 6

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

                                   May 17 2000

      Fee Summary
      Servicing Fees                                                  30,590.27
      Sub Servicing Fees                                               5,928.49
      Trustee Fees                                                     1,219.36
      Special Servicer Fee                                                 0.00
      Workout Fee                                                          0.00


      Appraisal Reduction Amounts




                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION
<PAGE>
                                                                          Page 7

Chase Commercial Mortgage Securities Corp.
Commercial Mortgage Pass-Through Certficiates
Series 2000-1

                                   May 17 2000


      Interest Detail













                                  (C)COPYRIGHT 1999, CHASE MANHATTAN CORPORATION





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