Facilitating Defeasance Transactions
Commercial Defeasance, LLC manages the process of defeasing commercial loans by assigning an experienced, responsive deal management team to coordinate every step. Our pro-active approach allows the borrower, borrower’s attorney and broker to focus on the sale or refinance with complete confidence that the defeasance will close on time.
Since pioneering the defeasance business in 2000, Commercial Defeasance has defeased thousands of commercial loans on all property types.
Services include:
- Notifying the servicer of a borrower's intent to defease
- Actively managing the process and parties to meet closing deadlines
- Structuring a highly efficient securities portfolio
- Exploring residual value sharing opportunities
- Obtaining servicer, special servicer and rating agency consents
- Preparing documents and reports to streamline the process
- Updating cost estimates and status reports throughout the process
Commercial Defeasance brings affordable, experienced third parties to the transaction to provide the accountant's sufficiency verification, to serve as the securities intermediary, and to purchase and deliver the defeasance collateral.
Commercial Defeasance affiliates, Custom Hedging Solutions and Defeasance Holding Company, can also work with the borrower to lock in the securities cost in advance or coordinate with an affiliated special purpose, bankruptcy remote successor borrower that will assume the defeased loan.
Contact us today... to Defease With Ease ®.