Defeasance Documents
Document |
Prepared By: |
| Defeasance Pledge and Security Agreement |
Servicer Counsel |
| Defeasance Account Agreement |
Servicer Counsel |
| Defeasance Assignment, Assumption and Release Agreement |
Servicer Counsel |
| Borrower's Certificate |
Servicer Counsel |
| Defeasance Waiver and Consent |
Servicer Counsel |
| Accountant's Verification Report |
CPA Firm |
| New York Perfection Opinion* |
Servicer Counsel |
| Borrower Enforceability Opinion* |
Borrower Counsel |
| REMIC Opinion |
Servicer Counsel |
| Successor Borrower Substantive Bankruptcy Non-consolidation Opinion |
Successor Borrower Counsel |
| Successor Borrower Enforceability Opinion |
Successor Borrower Counsel |
* Note: All CMBS defeasance documents are governed by New York law regardless of where the real property is located.
The borrower must engage an attorney to review the defeasance documents, explain them to the borrower, and issue an opinion letter.
Contact us today... to Defease With Ease ®.