<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERTHING(REGISTERED MARK).
NEW ISSUE TERM SHEET
ANY INVESTMENT DECISION WTH RESPECT TO THE SECURITIES SHOULD BE MADE BY YOU
BASED UPON THE INFORMATION CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND
PROSPECTUS RELATNG TO THE SECURITIES. THE INFORMATION HEREIN WILL BE
SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION CONTAINED IN THE FINAL
PROSPECTUS SUPPLEMENT AND PROSPECTUS.
THE INFORMATION CONTAINED HEREIN SUPERSEDES THE INFORMATION IN ALL PRIOR
TERM SHEETS, IF ANY.
----------
$701,841,304 (APPROXIMATE)
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.
COMMERCIAL MORTGAGE PASS-THROUGH CERTIFICATES
SERIES 2000-3
----------
CHASE COMMERCIAL MORTGAGE SECURITIES CORP.--DEPOSITOR
THE CHASE MANHATTAN BANK--MASTER SERVICER
LENNAR PARTNERS, INC.--SPECIAL SERVICER
GENERAL ELECTRIC CAPITAL CORPORATION--MORTGAGE LOAN SELLER
HELLER FINANCIAL CAPITAL FUNDING, INC.--MORTGAGE LOAN SELLER
THE CHASE MANHATTAN BANK--MORTGAGE LOAN SELLER
----------
FOR FURTHER INFORMATION CONTACT:
Scott Davidson
Managing Director
Chase Securities Inc.
212-834-3813
CHASE SECURITIES INC.
Book Running Manager DEUTSCHE BANC ALEX. BROWN
SALOMON SMITH BARNEY
The analyses in this report are based upon information provided by General
Electric Capital Corporation, Heller Financial Capital Funding, Inc. and The
Chase Manhattan Bank (the "Sellers"). Chase Securities Inc., Deutsche Bank
Securities Inc. and Salomon Smith Barney Inc. (the "Underwriters") make no
representations as to the accuracy or completeness of the information contained
herein. The information contained herein is qualified in its entirety by the
information in the Prospectus and Prospectus Supplement for the securities
referred to herein (the "Securities"). The information contained herein is
preliminary as of the date hereof, supersedes any previous information delivered
to you by the Underwriters and will be superseded by the applicable final
Prospectus and Prospectus Supplement and any other information subsequently
filed with the Securities and Exchange Commission. These materials are subject
to change, completion, or amendment from time to time without notice, and the
Underwriters are under no obligation to keep you advised of such changes. These
materials are not intended as an offer or solicitation with respect to the
purchase or sale of any Security. Any investment decision with respect to the
Securities should be made by you based upon the information contained in the
final Prospectus Supplement and Prospectus relating to the Securities. You
should consult your own counsel, accountant, and other advisors as to the legal,
tax, business, financial and related aspects of a purchase of the Securities.
The attached information contains certain tables and other statistical analyses
(the "Computational Materials") which have been prepared in reliance upon
information furnished by the Sellers. They may not be provided to any third
party other than the addressee's legal, tax, financial and/or accounting
advisors for the purposes of evaluating said material. Numerous assumptions were
used in preparing the Computational Materials which may or may not be reflected
therein. As such, no assurance can be given as to the Computational Materials'
accuracy, appropriateness or completeness in any particular context; nor as to
whether the Computational Materials and/or the assumptions upon which they are
based reflect present market conditions or future market performance. These
Computational Materials should not be construed as either projections or
predictions or as legal, tax, financial or accounting advice. Any weighted
average lives, yields and principal payment periods shown in the Computational
Materials are based on prepayment assumptions, and changes in such prepayment
assumptions may dramatically affect such weighted average lives, yields and
principal payment periods. In addition, it is possible that prepayments on the
underlying assets will occur at rates slower or faster than the rates shown in
the attached Computational Materials. Furthermore, unless otherwise provided,
the Computational Materials assume no losses on the underlying assets and no
interest shortfalls. The specific characteristics of the Securities may differ
from those shown in the Computational Materials due to differences between the
actual underlying assets and the hypothetical underlying assets used in
preparing the Computational Materials. The principal amount and designation of
any Security described in the Computational Materials are subject to change
prior to issuance. Neither the Underwriters nor any of their affiliates make any
representation or warranty as to the actual rate or timing of payments on any of
the underlying assets or the payments or yield on the securities. THIS
INFORMATION IS FURNISHED TO YOU SOLELY BY THE UNDERWRITERS AND NOT BY THE ISSUER
OF THE SECURITIES OR ANY OF ITS AFFILIATES (OTHER THAN CHASE SECURITIES INC.).
THE UNDERWRITERS ARE NOT ACTING AS AGENT FOR THE ISSUER OR ITS AFFILIATES IN
CONNECTION WITH THE PROPOSED TRANSACTION.
SEPTEMBER 15, 2000
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
SUMMARY OF CERTIFICATES
<TABLE>
<CAPTION>
--------------------------------------------------------------------------------------------------------
INITIAL CLASS
CLASS PRINCIPAL
CERTIFICATE PASS- ASSUMED WEIGHTED OR
CLASS BALANCE OR APPROXIMATE THROUGH FINAL AVERAGE EXPECTED NOTIONAL
NOTIONAL CREDIT RATE DISTRIBUTION LIFE RATINGS PRINCIPAL
AMOUNT(1) SUPPORT DESCRIPTION DATE (5) (YEARS)(6) (S&P/FITCH) WINDOW (6)
--------------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C> <C>
A-1 $120,206,000 23.875% Fixed 8/15/08 5.70 AAA 10/00-8/08
A-2 $470,971,530 23.875% Fixed 9/15/10 9.62 AAA 8/08-9/10
X $776,587,888 N/A WAC (I/O)(2) 12/15/19 9.15 AAA 10/00-12/19
B $36,887,925 19.125% Fixed (3) 9/15/10 9.96 AA 9/10-9/10
C $31,063,515 15.125% Fixed (3) 9/15/10 9.96 A 9/10-9/10
D $10,678,084 13.750% Fixed (3) 10/15/10 10.01 A- 9/10-10/10
E $24,268,371 10.625% Variable (4) 10/15/10 10.05 BBB 10/10-10/10
F $7,765,879 9.625% Variable (4) 10/15/10 10.05 BBB- 10/10-10/10
G $30,092,781 N/A Fixed N/A N/A N/A N/A
H $5,824,409 N/A Fixed (3) N/A N/A N/A N/A
I $5,824,409 N/A Fixed (3) N/A N/A N/A N/A
J $9,707,349 N/A Fixed (3) N/A N/A N/A N/A
K $3,882,939 N/A Fixed (3) N/A N/A N/A N/A
L $3,882,940 N/A Fixed (3) N/A N/A N/A N/A
M $15,531,757 N/A Fixed (3) N/A N/A N/A N/A
--------------------------------------------------------------------------------------------------------
</TABLE>
(1) Approximate, subject to a permitted variance of plus or minus 10%.
(2) The pass-through rate on the Class X certificates will be equal to the
excess, if any, of (1) the weighted average of the net interest rates on
the mortgage loans (in each case adjusted, if necessary, to accrue on the
basis of a 360-day year consisting of twelve 30-day months), over (2) the
weighted average of the pass-through rates of the other certificates (other
than the residual certificates and the Class S certificates).
(3) For any distribution date, if the weighted average of the net interest
rates on the mortgage loans (in each case adjusted, if necessary, to accrue
on the basis of a 360-day year consisting of twelve 30-day months) as of
the first day of the related due period is less than the rate specified for
the Class B, Class C , Class D, Class H, Class I, Class J, Class K, Class L
and Class M certificates with respect to the distribution date, then the
pass-through rate for that class of certificates on that distribution date
will equal the weighted average net mortgage interest rate.
(4) The pass-through rate applicable to the Class E and Class F certificates on
each distribution date will be equal to the weighted average of the net
interest rates on the mortgage loans (in each case adjusted, if necessary,
to accrue on the basis of a 360-day year consisting of twelve 30-day
months) minus ____% per annum.
(5) The assumed final distribution dates set forth have been determined on the
basis of the assumptions described in "Description of the
Certificates--Assumed Final Distribution Date; Rated Final Distribution
Date". The rated final distribution date for each class of certificates is
October 15, 2032. See "Description of the Certificates--Assumed Final
Distribution Date; Rated Final Distribution Date" in the prospectus
supplement.
(6) The weighted average life and period during which distributions of
principal would be received (or applied in the case of the notional amount
of Class X certificates) set forth in the foregoing table with respect to
each class of certificates is based on the assumptions set forth under
"Yield and Maturity Considerations--Weighted Average Life" and on the
assumptions that there are no prepayments (other than on each anticipated
prepayment date, if any) or losses on the mortgage loans and that there are
no extensions of maturity dates of mortgage loans.
The Class S, Class R and Class LR certificates are not offered by the prospectus
supplement or represented in this table.
--------------------------------------------------------------------------------
COLLATERAL OVERVIEW:
Aggregate Principal Balance: $776,587,889
Number of Mortgage Loans: 97
Number of Mortgaged Properties: 99
Average Cut-Off Date Balance: $8,006,061
Weighted Average Current Mortgage Rate: 8.141%
Weighted Average Underwritten DSCR: 1.35x
Weighted Average Loan-to-Value Ratio: 70.43%
Weighted Average Original Term to Maturity 119
(months):
Weighted Average Remaining Term to 116
Maturity (months):
Weighted Average Remaining Amortization 348
Term (months):
Balloon Loans as a % of Total: 88.36%
APD Loans as a % of Total: 7.69%
Interest-only Loans as a % of Total: 3.73%
Fully Amortizing Loans as a % of Total: 0.22%
Single Largest Loan as a % of Total: 6.18%
Three Largest Loans as a % of Total: 14.21%
Ten Largest Loans as a % of Total: 33.10%
<TABLE>
<CAPTION>
AGGREGATE
CUT-OFF LOAN
TEN LARGEST LOAN DATE % OF PER CUT-OFF PROPERTY
SUMMARY BALANCE IPB SF/UNIT LTV DSCR TYPE
----------------------------------------------------------------------------------------------------
<S> <C> <C> <C> <C> <C> <C>
Le Meridien $47,969,31 66.18% $97,104 58.14% 1.79x Full-Service
Hotel
7700 Building 34,914,071 4.50 72.74% 1.22x Office
$167
30 Montgomery 27,451,993 3.53 $96 62.39% 1.32x Office
Glenmont Gardens 27,442,709 3.53 $33,183 78.41% 1.23x Multifamily
Holiday Inn Brookline 23,500,000 3.03 $104,444 68.31% 1.45x Full-Service Hotel
Marbury Plaza Apartments 22,500,000 2.90 $33,284 74.26% 1.23x Multifamily
Cambrian Apartments 18,771,232 2.42 $49,011 76.00% 1.25x Multifamily
Two Bent Tree Tower 18,486,441 2.38 $107 78.67% 1.28x Office
The Falls Apartments 18,154,724 2.34 $34,913 68.64% 1.20x Multifamily
Danbury Green 17,890,343 2.30 $188 74.54% 1.32x Anchored Retail
TOTAL/WEIGHTED AVERAGE $257,080,828 233.10% 69.74% 1.37X
----------------------------------------------------------------------------------------------------
</TABLE>
NUMBER OF AGGREGATE % OF INITIAL
STATE (1) MORTGAGE PRINCIPAL POOL
PROPERTIES BALANCE BALANCE
------------------ --------------- ------------------- ------------------
California 20 $160,541,166 20.67%
Texas 16 106,867,846 13.76
Georgia 9 72,296,167 9.31
Louisiana 2 49,413,318 6.36
New Jersey 2 41,710,194 5.37
Florida 5 40,858,356 5.26
Other States 45 304,900,842 39.26
TOTAL 99 $776,587,889 100.00%
------------------ --------------- ------------------- ------------------
(1) The above table lists the states which have concentrations of mortgaged
properties above 5%.
<TABLE>
<CAPTION>
% OF
NUMBER OF AGGREGATE INITIAL
PREPAYMENT PROVISIONS MORTGAGE PRINCIPAL POOL
LOANS BALANCE BALANCE
-------------------------------------------------------------------------------------------
<S> <C> <C> <C>
Lockout period followed by defeasance 93 $752,381,012 96.88%
Lockout period followed by yield maintenance 24,206,877 3.12
TOTAL 97 $776,587,889 100.00%
-------------------------------------------------------------------------------------------
</TABLE>
--------------------------------------------------------------------------------
KEY CHARACTERISTICS:
Lead Manager: Chase Securities Inc.
Master Servicer: The Chase Manhattan Bank
Special Servicer: Lennar Partners, Inc.
Trustee: State Street Bank and Trust Company
Mortgage Loan Sellers: General Electric Capital Corporation (49%)
Heller Financial Capital Funding, Inc. (32%)
The Chase Manhattan Bank (19%)
Closing: On or about September 28, 2000
Cut-Off Date: September 10, 2000
Distribution Date: 15th day of each month or following
business day
ERISA Eligible: Classes A1, A2 and X are expected to be
ERISA eligible
SMMEA Eligible: No classes are eligible
Structure: Sequential Pay
Day Count: 30/360, payable monthly
Tax Treatment: REMIC
Rated Final
Distribution Date: October 15, 2032
Minimum Denominations: 10,000 initial principal amount for the
publicly offered certificates and 1,000,000
initial notional amount for the Class X
certificates. Each certificate will be
offered in multiples of 1 in excess of the
minimum denomination.
Delivery: DTC, Clearstream Banking, Euroclear
CURRENT USE OF ALL NUMBER OF AGGREGATE % OF INITIAL
MORTGAGED MORTGAGE PRINCIPAL POOL
PROPERTIES PROPERTIES BALANCE BALANCE
-------------------------- --------------- ---------------- ----------------
Office 27 $250,079,615 32.20%
Multifamily 19 188,869,017 24.32
Anchored Retail 22 159,828,969 20.58
Full-Service Hotel 3 83,211,805 10.72
Manufactured Housing 11 33,754,020 4.35
Industrial 5 28,788,038 3.71
Limited Service Hotel 6 18,296,364 2.36
Unanchored Retail 3 8,884,153 1.14
Self Storage 2 3,175,909 0.41
CTL 1 1,700,000 0.22
TOTAL 99 $776,587,889 100.00%
-------------------------- --------------- ---------------- ----------------
NUMBER OF AGGREGATE % OF INITIAL
PROPERTY TYPE (1) MORTGAGE PRINCIPAL POOL
LOANS/PROPERTIES BALANCE BALANCE
-------------------- --------------- ---------------- ----------------
Office 27 $250,079,615 32.20%
Multifamily 19 188,869,017 24.32
Retail 25 168,713,122 21.72
Hotel 9 101,508,169 13.07
TOTAL 80 $709,169,923 91.32%
-------------------- --------------- ---------------- ----------------
(1) Represents the property type concentrations in excess of 5% of the
aggregate principal balance of the pool of mortgage loans as of the cut-off
date.
Page 2 of 2
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
COLLATERAL STATISTICS
<TABLE>
<CAPTION>
NUMBER OF
RANGE OF DSCR MORTGAGE AGGREGATE % OF INITIAL POOL
LOANS/PROPERTIES PRINCIPAL BALANCE BALANCE
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
1.07x to 1.14x 1/1 $6,760,700 0.87%
1.15x to 1.19x 3/3 8,453,000 1.09
1.20x to 1.22x 20/20 195,147,973 25.13
1.23x to 1.25x 18/19 169,119,634 21.78
1.26x to 1.29x 16/17 99,736,051 12.84
1.30x to 1.36x 15/15 106,377,600 13.70
1.37x to 1.49x 10/10 71,919,425 9.26
1.50x to 3.93x 14/14 119,073,507 15.33
TOTAL 97/99 $776,587,889 100.00%
$776,587,889
--------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
NUMBER OF AGGREGATE
RANGE OF LTV AS OF THE MORTGAGE PRINCIPAL % OF INITIAL POOL
CUT-OFF DATE LOANS/PROPERTIES BALANCE BALANCE
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
24.70% to 59.99% 18/18 $138,566,448 17.84%
60.00% to 64.99% 8/8 61,817,792 7.96
65.00% to 68.99% 4/4 48,198,658 6.21
69.00% to 72.99% 16/16 119,320,915 15.36
73.00% to 76.99% 23/23 192,773,277 24.82
77.00% to 79.99% 22/23 186,875,519 24.06
80.00% to 84.44% 6/7 29,035,281 3.74
TOTAL 97/99 $776,587,889 100.00%
--------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
NUMBER OF AGGREGATE
RANGE OF PRINCIPAL MORTGAGE PRINCIPAL % OF INITIAL POOL
CUT-OFF DATE BALANCES LOANS/PROPERTIES BALANCE BALANCE
--------------------------------------------------------------------------------------------------
<S> <C> <C> <C>
1,198,218 to 3,000,000 28/29 $60,970,414 7.85%
3,000,001 to 5,000,000 26/27 102,624,108 13.21
5,000,001 to 9,000,000 12/12 79,746,120 10.27
9,000,001 to 15,000,000 15/15 176,028,871 22.67
15,000,001 to 30,000,000 14/14 274,334,989 35.33
30,000,001 to 42,000,000 1/1 34,914,071 4.50
42,000,001 to 47,969,316 1/1 47,969,316 6.18
TOTAL 97/99 $776,587,889 100.00%
--------------------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
RANGE OF REMAINING NUMBER OF AGGREGATE
TERM TO MATURITY OR APD MORTGAGE PRINCIPAL % OF INITIAL POOL
(MONTHS) LOANS/PROPERTIES BALANCE BALANCE
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
56 to 79 2/2 $11,432,246 1.47%
80 to 99 9/9 76,851,778 9.90
100 to 118 34/34 291,270,118 37.51
119 to 120 50/52 377,179,023 48.57
121 to 145 1/1 18,154,724 2.34
146 to 231 1/1 1,700,000 0.22
TOTAL 97/99 $776,587,889 100.00%
--------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
NUMBER OF AGGREGATE
RANGE OF MORTGAGE MORTGAGE PRINCIPAL % OF INITIAL POOL
RATES LOANS/PROPERTIES BALANCE BALANCE
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
6.850% to 7.299% 8/8 $67,351,778 8.67%
7.300% to 7.899% 6/6 63,670,942 8.20
7.900% to 8.199% 20/21 231,230,189 29.78
8.200% to 8.399% 27/27 178,519,535 22.99
8.400% to 8.599% 23/24 184,633,095 23.77
8.600% to 8.799% 7/7 22,462,307 2.89
8.800% to 8.970% 6/6 28,720,043 3.70
TOTAL 97/99 $776,587,889 100.00%
--------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
AGGREGATE
AMORTIZATION TYPES NUMBER OF PRINCIPAL % OF INITIAL POOL
MORTGAGE LOANS BALANCE BALANCE
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
Balloon Loans 91 $686,176,084 88.36%
APD Loans 2 59,711,805 7.69
Interest-only Loans 3 29,000,000 3.73
Fully Amortizing Loans 1 1,700,000 0.22
TOTAL 97 $776,587,889 100.00%
--------------------------------------------------------------------------------------
</TABLE>
<TABLE>
<CAPTION>
AGGREGATE
BASIS FOR ACCRUAL OF NUMBER OF PRINCIPAL % OF INITIAL POOL
INTEREST MORTGAGE LOANS BALANCE BALANCE
--------------------------------------------------------------------------------------
<S> <C> <C> <C>
Actual/360 96 767,087,889 98.78%
30/360 1 9,500,000 1.22
TOTAL 97 776,587,889 100.00%
--------------------------------------------------------------------------------------
</TABLE>
Page 3 of 3
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
SUMMARY OF ISSUE
ISSUE TYPE: Sequential pay multi-class commercial mortgage
REMIC
OFFERED SECURITIES: Classes A-1, A-2, X, B, C, D, E and F
COLLATERAL: Approximately $776,587,889 pool of 97 fixed-rate
commercial, multifamily and manufactured housing
community mortgage loans
LOAN SELLERS: General Electric Capital Corporation, Heller
Financial Capital Funding, Inc. and The Chase
Manhattan Bank
DEPOSITOR: Chase Commercial Mortgage Securities Corp.
UNDERWRITER: Chase Securities Inc.--Book Running Manager
MASTER SERVICER: The Chase Manhattan Bank
PRIMARY SERVICERS: GE Capital Loan Services, Inc., Midland Loan
Services, Inc. and The Chase Manhattan Bank
SPECIAL SERVICER: Lennar Partners, Inc.
TRUSTEE: State Street Bank and Trust Company
RATING AGENCIES: Standard & Poor's and Fitch
CUT-OFF DATE: September 10, 2000
CLOSING DATE: On or about September 28, 2000
DISTRIBUTION DATE: The 15th day of the month or, if that day
is not a business day, the next business day,
beginning in October 2000, provided that the
distribution date will be no earlier than the
fourth business day after the related
determination date.
DETERMINATION DATE: The 11th day of the month in which the related
distribution date occurs, or if the 11th day is
not a business day, then the immediately
following business day.
DENOMINATIONS: The offered certificates (other than the Class X
certificates) will be offered in minimum
denominations of $10,000 initial principal
amount; the Class X certificates will be offered
in minimum denominations of $1,000,000 initial
notional amount.
ERISA CONSIDERATIONS: Class A-1, Class A-2 and Class X certificates are
expected to be ERISA eligible, subject to certain
conditions.
SMMEA ELIGIBILITY: No certificates are eligible.
CERTIFICATE REGISTRATION: Certificate owners may hold their
certificates through DTC (in the United States)
or Clearstream Banking, societe anonyme or The
Euroclear System (in Europe) if they are
participants of that system, or indirectly
through organizations that are participants in
those systems.
Page 4 of 4
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
STRUCTURAL CHARACTERISTICS
INTEREST ACCRUAL PERIOD: Interest will accrue on the offered certificates
during the calendar month prior to the related
distribution date and will be calculated assuming
that each month has 30 days and each year has 360
days.
PASS-THROUGH RATES: Certificates will accrue interest at an annual
rate called a pass-through rate which is set
forth below for each class other than the Class
E, Class F and Class X certificates:
Class A-1 [ ]%
Class A-2 [ ]%
Class B [ ]% (1)
Class C [ ]% (1)
Class D [ ]% (1)
(1) For any distribution date, if the weighted
average of the net interest rates on the mortgage
loans (in each case adjusted to accrue on the
basis of a 360-day year consisting of twelve
30-day months and net of all servicing and
trustee fees) as of the first day of the related
due period is less than the rate specified for
the Class B, Class C or Class D certificates with
respect to the distribution date, then the
pass-through rate for that class of certificates
on that distribution date will equal the weighted
average net mortgage interest rate.
If you invest in the Class E or Class F
certificates, your pass-through rate will be
equal to the weighted average interest rate of
the mortgage loans (in each case adjusted to
accrue on the basis of a 360-day year consisting
of twelve 30-day months and net of all servicing
and trustee fees), less [ ]% per annum.
If you invest in the Class X certificates, your
pass-through rate will be equal to the excess, if
any, of (1) the weighted average interest rate of
the mortgage loans (in each case adjusted, if
necessary to accrue on the basis of a 360-day
year consisting of twelve 30-day months and net
of all servicing and trustee fees) over (2) the
weighted average of the pass-through rates of the
other certificates (other than the Class S, Class
R and Class LR certificates) as described in the
prospectus supplement.
PRINCIPAL DISTRIBUTIONS: On each distribution date, funds available for
distribution from the mortgage loans, net of
specified trust expenses, will be distributed to
the class of certificates outstanding, with the
earliest alphabetical/numerical Class
designation, until its certificate balance is
reduced to zero. If the principal amount of each
class of certificates other than Class A-1 and
Class A-2 has been reduced to zero, funds
available for principal will be distributed to
Class A-1 and Class A-2, pro rata, rather than
sequentially.
Page 5 of 5
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
STRUCTURAL CHARACTERISTICS (continued)
INTEREST DISTRIBUTIONS: Each class of offered certificates (other than
the Class X certificates) will be entitled on
each distribution date to interest accrued at its
pass-through rate on the outstanding certificate
balance of such class during the prior calendar
month. The Class X certificates will be entitled
on each distribution date to the interest accrued
at the related pass-through rate on its notional
amount during the prior calendar month.
PREPAYMENT PROVISIONS: Each mortgage loan prohibits any prepayments
(including defeasance) for a specified period of
time after its date of origination (a "Lockout
Period"). In addition, each mortgage loan
restricts voluntary prepayments in one of the
following ways:
(1) 93 of the mortgage loans, representing
approximately 96.9% of the Initial Pool Balance,
permit only defeasance after the expiration of
the Lockout Period; and
(2) 4 of the mortgage loans, representing
approximately 3.1% of the Initial Pool Balance,
requires that any principal prepayment made
during a specified period of time after the
Lockout Period (a "yield maintenance period"), be
accompanied by a Yield Maintenance Charge.
YIELD MAINTENANCE On any Distribution Date, yield maintenance
CHARGES: charges collected during the related Due Period
will be required to be distributed by the Trustee
to the holders of the Class X certificates. No
yield maintenance charges will be distributed to
holders of any other class of certificates.
REPRESENTATIONS General Electric Capital Corporation, Heller
AND WARRANTIES: Financial Capital Funding, Inc. (backed by Heller
Financial, Inc.) and The Chase Manhattan Bank
will make certain representations and warranties
with respect to each mortgage loan sold by
General Electric Capital Corporation, Heller
Financial Capital Funding, Inc. and The Chase
Manhattan Bank, respectively.
Page 6 of 6
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
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CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
<TABLE>
<CAPTION>
LE MERIDIEN
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PROPERTY TYPE: Full-Service Hotel
PRINCIPAL BALANCE: $48,000,000 $47,969,316
LOCATION: New Orleans, LA
% OF POOL BY IPB: 6.18%
YEAR BUILT/RENOVATED: 1984/1999
ORIGINATOR: GECC
LOAN DATE: 7/27/00 COLLATERAL: Located in the financial district
directly across from the French
INTEREST RATE: 8.080% Quarter walking distance to
convention center. The hotel
REMAINING AMORTIZATION: 323 months contains 494 rooms, an outdoor
pool, a health club and a
MATURITY DATE: 8/1/10 restaurant.
BORROWER/SPONSOR: LaSalle Hotel Properties
CURRENT OCCUPANCY: 76.1%
CALL PROTECTION: Lockout followed by defeasance
UNDERWRITTEN NET CASH FLOW: $7,843,301
CROSS-COLLATERALIZATION: No
APPRAISED VALUE: $82,500,000
CASH MANAGEMENT: Springing Hard Lockbox triggered at 1.40x
DSCR APPRAISAL DATE: 7/1/00
RESERVES: 4% Monthly Replacement Reserve at CUT-OFF DATE LOAN/ROOM: $97,103.88
1.40x DSCR
CUT-OFF DATE LTV: 58.14%
BALLOON LTV: 50.03%
UWNCF DSCR: 1.79x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[LE MERIDIEN PICTURE]
Page 7 of 7
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
7700 BUILDING
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $34,940,000 $34,914,071 PROPERTY TYPE: Office
% OF POOL BY IPB: 4.50% LOCATION: Irvine, CA
ORIGINATOR: Chase YEAR BUILT: 1989
LOAN DATE: 6/27/00
COLLATERAL: A nine-story multi-tenant office
INTEREST RATE: 8.500% building which contains
approximately 208,753 square feet
REMAINING AMORTIZATION: 358 months of net leasable area. The three
largest tenants are Chrysler
MATURITY DATE: 7/10/10 Motors Corporation, Genson, Even,
Crandall and American Office
BORROWER/SPONSOR: CGS Real Estate Company, Inc. Centers.
CALL PROTECTION: Lockout followed by defeasance CURRENT OCCUPANCY: 98.3%
CROSS-COLLATERALIZATION: No UNDERWRITTEN NET CASH FLOW: $3,922,422
CASH MANAGEMENT: No APPRAISED VALUE: $48,000,000
RESERVES: Monthly Replacement Reserve-$3,385 APPRAISAL DATE: 6/8/00
CUT-OFF DATE LOAN/SF: $167.25
CUT-OFF DATE LTV: 72.74%
BALLOON LTV: 65.95%
UWNCF DSCR: 1.22x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[7700 BUILDING PICTURE]
Page 8 of 8
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
30 MONTGOMERY
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $27,935,320 $27,451,993 PROPERTY TYPE: Office
% OF POOL BY IPB: 3.53%
LOCATION: Jersey City, NJ
ORIGINATOR: Heller
YEAR BUILT/RENOVATED: 1974/2000
LOAN DATE: 8/13/98
COLLATERAL: A fifteen-story multi-tenant
INTEREST RATE: 6.850% office building and adjoining
parking garage. The building
REMAINING AMORTIZATION: 335 months contains approximately 286,302
square feet of net leasable area.
MATURITY DATE: 8/1/08 The three largest tenants are
Federal Home Loan Bank of NY,
BORROWER/SPONSOR: Steve Denholtz, Jerold Zaro Fred Alger & Co.,Inc. and Jersey
City H.E.D.
CALL PROTECTION: Lockout followed by defeasance
CURRENT OCCUPANCY: 98.5%
CROSS-COLLATERALIZATION: No
UNDERWRITTEN NET CASH FLOW: $2,909,157
CASH MANAGEMENT: No
APPRAISED VALUE: $44,000,000
RESERVES: Monthly Replacement Reserve-$4,745
TI/LC taken at Closing-$1,244,000 APPRAISAL DATE: 4/1/00
CUT-OFF DATE LOAN/SF: $95.88
CUT-OFF DATE LTV: 62.39%
BALLOON LTV: 55.39%
UWNCF DSCR: 1.32x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[30 MONTGOMERY PICTURE]
Page 9 of 9
<PAGE>
GLENMONT GARDENS
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $27,500,000 $27,442,709 PROPERTY TYPE: Multifamily
% OF POOL BY IPB: 3.53%
LOCATION: Baltimore, MD
ORIGINATOR: GECC
YEAR BUILT: 1972
LOAN DATE: 4/14/00
COLLATERAL: An 827-unit apartment complex
INTEREST RATE: 7.930% consisting of 72 two- and
three-story garden style
REMAINING AMORTIZATION: 356 months buildings and 1 fifteen-story
building. The complex contains 27
MATURITY DATE: 5/1/10 studios, 238 one-bedroom units,
502 two-bedroom units and 60
BORROWER/SPONSOR: Victor Posner three-bedroom units. Amenities
include a swimming pool, an
CALL PROTECTION: Lockout followed by defeasance exercise room, a clubhouse, and a
playground.
CROSS-COLLATERALIZATION: No
CURRENT OCCUPANCY: 91.2%
CASH MANAGEMENT: No
UNDERWRITTEN NET CASH FLOW: $2,965,712
RESERVES: Monthly Replacement Reserve-$15,545
APPRAISED VALUE: $35,000,000
APPRAISAL DATE: 3/7/00
CUT-OFF DATE LOAN/UNIT: $33,183.44
CUT-OFF DATE LTV: 78.41%
BALLOON LTV: 70.26%
UWNCF DSCR: 1.23x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[GLENMONT GARDENS PICTURE]
Page 10 of 10
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
HOLIDAY INN BROOKLINE
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PROPERTY TYPE: Full-Service Hotel
PRINCIPAL BALANCE: $23,500,000 $23,500,000
LOCATION: Brookline, MA
% OF POOL BY IPB: 3.03%
YEAR BUILT/RENOVATED: 1964/1994
ORIGINATOR: Chase
LOAN DATE: 9/1/00 COLLATERAL: A full-service hotel and an
adjacent first floor condominium
INTEREST RATE: 8.500% unit operated as a garage. The
six-story hotel contains 225
REMAINING AMORTIZATION: 300 months units.
MATURITY DATE: 9/10/10 CURRENT OCCUPANCY : 79.0%
BORROWER/SPONSOR: Gerald S. Fineberg UNDERWRITTEN NET CASH FLOW: $3,288,764
CALL PROTECTION: Lockout followed by defeasance APPRAISED VALUE: $34,400,000
CROSS-COLLATERALIZATION: No APPRAISAL DATE: 7/1/00
CASH MANAGEMENT: No CUT-OFF DATE/ROOM: $104,444.44
RESERVES: Monthly Replacement Reserve-$38,164 CUT-OFF DATE LTV: 68.31%
BALLOON LTV: 57.22%
UWNCF DSCR: 1.45x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[HOLIDAY INN BROOKLINE]
Page 11 of 11
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
MARBURY PLAZA APARTMENTS
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $22,500,000 $22,500,000 PROPERTY TYPE: Multifamily
% OF POOL BY IPB: 2.90% LOCATION: Washington, DC
ORIGINATOR: GECC YEAR BUILT/RENOVATED: 1967/1999
LOAN DATE: 8/29/00 COLLATERAL: A 672-unit apartment complex
consisting of 1 eleven-story
INTEREST RATE: 7.900% building, 1 twelve-story
building and 2 three-story
REMAINING AMORTIZATION: 360 months garden style buildings. The
complex contains 67 studio
MATURITY DATE: 9/1/10 units, 339 one-bedroom units and
266 two-bedroom units. Amenities
BORROWER/SPONSOR: S. Donald Harlan, III, Stephen D. Harlan available to residents include 2
swimming pools, a parking
CALL PROTECTION: Lockout followed by defeasance garage, a playground, and a
clubhouse.
CROSS-COLLATERALIZATION: No
CURRENT OCCUPANCY: 93.8%
CASH MANAGEMENT: No
UNDERWRITTEN NET CASH FLOW: $2,410,068
RESERVES: Monthly Replacement Reserve-$13,440
APPRAISED VALUE: $30,300,000
APPRAISAL DATE: 7/27/00
CUT-OFF DATE/UNIT: $33,482.14
CUT-OFF DATE LTV: 74.26%
BALLOON LTV: 66.32%
UWNCF DSCR: 1.23x
---------------------------------------------------------------------- ------------------------------------------------------------
</TABLE>
[MARBURY PLAZA APARTMENTS PICTURE]
Page 12 of 12
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
CAMBRIAN APARTMENTS
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $18,785,000 $18,771,232 PROPERTY TYPE: Multifamily
% OF POOL BY IPB: 2.42% LOCATION: Aurora, CO
ORIGINATOR: GECC YEAR BUILT/RENOVATED: 1982/2000
LOAN DATE: 6/6/00 COLLATERAL: A 383-unit apartment complex
consisting of 17 three-story
INTEREST RATE: 8.530% garden style buildings located
in Aurora, Colorado. The complex
REMAINING AMORTIZATION: 358 months contains 148 one-bedroom units
and 235 two-bedroom units.
MATURITY DATE: 7/1/10 Amenities include a swimming
pool, a volleyball court, picnic
BORROWER/SPONSOR: Wiener Family Partnership area, a fitness center and a
clubhouse.
CALL PROTECTION: Lockout followed by defeasance
CURRENT OCCUPANCY: 95.8%
CROSS-COLLATERALIZATION: No
UNDERWRITTEN NET CASH FLOW: $2,176,251
CASH MANAGEMENT: No
APPRAISED VALUE: $24,700,000
RESERVES: Monthly Replacement Reserve-$7,980
APPRAISAL DATE: 5/4/00
CUT-OFF DATE/UNIT: $49,011.05
CUT-OFF DATE LTV: 76.00%
BALLOON LTV: 68.96%
UWNCF DSCR: 1.25x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[CAMBRIAN APARTMENTS PICTURE]
Page 13 of 13
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
TWO BENT TREE TOWER
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $18,500,000 $18,486,441 PROPERTY TYPE: Office
% OF POOL BY IPB: 2.38% LOCATION: Addison, TX
ORIGINATOR: GECC YEAR BUILT/RENOVATED: 1982/1998
LOAN DATE: 6/27/00 COLLATERAL: An eight-story multi-tenant
office building and a two-level
INTEREST RATE: 8.530% adjacent parking deck. The
building contains approximately
REMAINING AMORTIZATION: 358 months 172,513 square feet of net
leasable area. The three largest
MATURITY DATE: 7/1/10 tenants are GE Capital Realty
Group, Inc., Centex and
BORROWER/SPONSOR: BT Tower II GP, LLC, Sabre Realty Compupros.
Management, Inc.
CURRENT OCCUPANCY: 93.0%
CALL PROTECTION: Lockout followed by defeasance
UNDERWRITTEN NET CASH FLOW: $2,184,350
CROSS-COLLATERALIZATION: No
APPRAISED VALUE: $23,500,000
CASH MANAGEMENT: No
APPRAISAL DATE: 6/1/00
RESERVES: Monthly Replacement Reserve-$2,875
Monthly TI/LC-$16,200 CUT-OFF DATE/SF: $107.16
CUT-OFF DATE LTV: 78.67%
BALLOON LTV: 71.38%
UWNCF DSCR: 1.28x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[TWO BENT TREE TOWER PICTURE]
Page 14 of 14
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
CONTAINED IN THE FINAL PROSPECTUS SUPPLEMENT AND PROSPECTUS. THIS PAGE MUST BE
ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
THE FALLS APARTMENTS
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PRINCIPAL BALANCE: $18,250,000 $18,154,724 PROPERTY TYPE: Multifamily
% OF POOL BY IPB: 2.34% LOCATION: Duluth, GA
ORIGINATOR: Chase YEAR BUILT: 1986
LOAN DATE: 11/18/99 COLLATERAL: A 520-unit apartment complex
consisting of 31 two- and
INTEREST RATE: 7.890% three-story buildings. The
complex contains 236 one-bedroom
REMAINING AMORTIZATION: 351 months units and 284 two-bedroom units.
Amenities include 2 swimming
MATURITY DATE: 6/10/12 pools, a spa, 2 tennis courts, a
playground, a clubhouse, an
BORROWER/SPONSOR: Associated Estates Realty Corporation exercise/fitness room and 2
laundry facilities.
CALL PROTECTION: Lockout followed by defeasance
CURRENT OCCUPANCY: 89.0%
CROSS-COLLATERALIZATION: No
UNDERWRITTEN NET CASH FLOW: $1,913,642
CASH MANAGEMENT: No
APPRAISED VALUE: $26,450,000
RESERVES: Monthly Replacement Reserve-$9,521
APPRAISAL DATE: 8/23/99
CUT-OFF DATE/UNIT: $34,912.93
CUT-OFF DATE LTV: 68.64%
BALLOON LTV: 58.67%
UWNCF DSCR: 1.20x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[THE FALLS APARTMENTS PICTURE]
Page 15 of 15
<PAGE>
[CHASE LOGO]
THE RIGHT RELATIONSHIP IS EVERYTHING(REGISTERED MARK).
THE INFORMATION HEREIN WILL BE SUPERSEDED IN ITS ENTIRETY BY THE INFORMATION
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ACCOMPANIED BY A DISCLAIMER. IF YOU DID NOT RECEIVE SUCH A DISCLAIMER, PLEASE
CONTACT YOUR SALES REPRESENTATIVE.
DANBURY GREEN
<TABLE>
<CAPTION>
---------------------------------------------------------------------- -------------------------------------------------------------
LOAN INFORMATION PROPERTY INFORMATION
---------------------------------------------------------------------- -------------------------------------------------------------
<S> <C> <C> <C> <C>
ORIGINAL CUT-OFF DATE SINGLE ASSET/PORTFOLIO: Single Asset
PROPERTY TYPE: Anchored Retail
PRINCIPAL BALANCE: $18,000,000 $17,890,343
LOCATION: Danbury, CT
% OF POOL BY IPB: 2.30%
YEAR BUILT: 1999
ORIGINATOR: Heller
LOAN DATE: 9/30/99 COLLATERAL: An anchored retail shopping
center. The shopping center
INTEREST RATE: 8.100% contains approximately 95,358
square feet of net leasable
REMAINING AMORTIZATION: 349 months area. The property is anchored
by Grand Union, Lillian August,
MATURITY DATE: 10/1/09 and Staples.
BORROWER/SPONSOR: Robert Elder CURRENT OCCUPANCY: 96.8%
CALL PROTECTION: Lockout followed by yield maintenance UNDERWRITTEN NET CASH FLOW: $2,113,455
CROSS-COLLATERALIZATION: No APPRAISED VALUE: $24,000,000
CASH MANAGEMENT: No APPRAISAL DATE: 8/10/99
RESERVES: Monthly Replacement Reserve-$382 CUT-OFF DATE/SF: $187.61
CUT-OFF DATE LTV: 74.54%
BALLOON LTV: 67.35%
UWNCF DSCR: 1.32x
---------------------------------------------------------------------- -------------------------------------------------------------
</TABLE>
[DANBURY GREEN PICTURE]
Page 16 of 16
