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November 7, 2014 | PDF

Commercial Defeasance Facilitates $150 Million Loan Defeasance for Loews Hotels

Commercial Defeasance, LLC (Defease With Ease®) just announced the simultaneous defeasance of $150 million of CMBS loans for a luxury resort in Miami, Florida owned by Loews Hotels. The defeasance, a substitution of government securities for the real estate collateral securing the loan, was structured as a New York-style defeasance and combined loans in three different securitizations into one transaction.


November 13, 2012 | PDF

Defease With Ease Facilitates $66 Million Defeasance

Defease With Ease facilitated a $66 million defeasance transaction that helped TMI Hospitality close a $93 million refinancing of 22 hospitality properties.


March 19, 2012 | PDF

$160 Million Loan Defeased With Ease

Defease With Ease, headquartered in Charlotte, North Carolina, recently facilitated a $160 million defeasance transaction for Hometown America Corporation in connection with the sale of ten properties located in Texas, Arizona and Colorado.


February 08, 2011 | PDF

Commercial Defeasance Facilitates $531M Defeasance of Manhattan Landmark Building

Commercial Defeasance, LLC recently facilitated the defeasance of 111 Eighth Avenue in Manhattan’s Chelsea neighborhood. An ownership group that includes Taconic Investment Partners sold this iconic building to Google, Inc. in what is being hailed as the largest single asset US real estate transaction of 2010.


January 18, 2011 | PDF

Commercial Defeasance launches iDefease

Commercial Defeasance, LLC, announces the launch of iDefease, the first defeasance app. iDefease is a mobile calculator that allows commercial real estate professionals to estimate defeasance costs for any loan instantly on their iPhone, iTouch or iPad.


July 22, 2010 | PDF

Commercial Defeasance completes $19 million defeasance for Maple Avenue Limited Partnership

Commercial Defeasance, LLC recently facilitated a $19 million defeasance for Maple Avenue Limited Partnership allowing it to refinance the Maple Avenue Shopping Center in Vienna, VA.


August 26, 2009 | PDF

Commercial Defeasance Structures $18.9 Million Defeasance for Wilkinson Real Estate Partners

Commercial Defeasance, LLC recently facilitated an $18.9 million defeasance for Wilkinson Real Estate Partners who refinanced three Greenville, South Carolina properties for $23,000,000.


February 05, 2009 | PDF

Commercial Defeasance structures The Groves defeasance with unique bonds

Commercial Defeasance, LLC recently facilitated a $6.3 million defeasance transaction for Balestra Capital Ltd., a hedge fund company based in New York. The transaction allowed the company to sell The Groves, a 441 unit manufactured housing property, for $13.5 million.


January 13, 2009 | PDF

Commercial Defeasance Launches New Website

Commercial Defeasance, LLC, the industry leader in commercial real estate defeasance, recently launched a new website at www.defeasewithease.com. The popular Quick Quote calculator received enhancements and remains the focal point of the site.


October 13, 2008 | PDF

Jon Davis Appointed to CMSA Canadian Task Force

Jon Davis, a Defeasance Manager at Commercial Defeasance, LLC has been appointed to the Commercial Mortgage Securities Association (CMSA) Canadian Defeasance Task Force.


October 09, 2008 | PDF

Commercial Defeasance Structures $29 Million CA Defeasance in Five Days

Commercial Defeasance, LLC recently facilitated a $29.3 million defeasance transaction on a premier high rise office building in Beverly Hills, CA. A defeasance usually takes 30- 45 days to complete, but this transaction was completed in five days including rating agency review.


October 02, 2008 | PDF

Commercial Defeasance Facilitates $13 Million Multi-Property Defeasance in 6 Days

Commercial Defeasance, LLC recently facilitated a $13.5 million defeasance transaction on four properties in six days. A defeasance usually takes 30 to 45 days to complete.


September 17, 2008 | PDF

Commercial Defeasance Facilitates $63 Million Multi-Property Defeasance

Commercial Defeasance, LLC, recently facilitated a $63,100,000 defeasance transaction for ScanlanKemperBard Companies, a private equity firm, based in Portland, OR. The defeasance enabled ScanlanKemperBard to sell three of their Portland properties.


March 06, 2008 | PDF

Commercial Defeasance Structures $22 Million Portfolio Defeasance

Commercial Defeasance, LLC recently facilitated a $21,800,000 multi- property defeasance transaction for HVM Management Company, Inc. based in Greensboro, North Carolina. The defeasance included five loans secured by multifamily properties located in North Carolina and South Carolina.


November 26, 2007 | PDF

Commercial Defeasance Structures $28 Million Transaction in Vancouver

Commercial Defeasance, LLC recently facilitated a $28,400,000 multi-property Canadian defeasance transaction for Concert Real Estate Corporation, a real estate development and ownership company based in Vancouver, British Columbia.


September 04, 2007 | PDF

Commercial Defeasance Opens New York Office

Commercial Defeasance, LLC officially opened a new office in New York City on August 30, 2007. After ten years with GE Capital Corporation, most recently as a Project Manager in the Capital Markets Group, John Ahern has joined Commercial Defeasance as a VP of Sales and will manage the New York office.


March 27, 2007 | PDF

Commercial Defeasance Opens California Office

Commercial Defeasance will officially open a new office in Los Angeles on April 2, 2007. Matt Rothman, VP of Sales, will manage the new office. This will be the second location for Commercial Defeasance, which is headquartered in Charlotte, North Carolina.


April 23, 2013 | PDF

Question of the Month: Defease Now or Wait?

If I wait until maturity to refinance, I won't pay a "premium," right? Wrong!!! Whether you (a) refinance your CMBS loan and defease now, or (b) wait until maturity to refinance, you will pay all principal and interest due over the life of your loan.


August 04, 2009 | PDF

What is Defeasance?

Defeasance is the preferred form of call protection for fixed-rate conduit/commercial mortgage backed securities (CMBS) loans. A defeasance is basically a “substitution of collateral.


October 01, 2008 | PDF

New-York Style Defeasance

Mortgage recording taxes can be significant, but the New York-style defeasance offers a way to minimize those taxes. In New York State (and certain other states), it is possible to avoid paying mortgage-recording taxes on the existing debt secured by a property even when the loan documents require defeasance.


March 26, 2008 | PDF

Banking and Finance Defeasance

Defeasance is the preferred form of call protection for fixed-rate conduit/commercial mortgage-backed securities (CMBS) loans.


January 25, 2008 | PDF

Defeasance Update 2008

Nearly every CMBS loan on all property types originated nationwide since 1998 requires the borrower to defease the loan before selling or refinancing.


February 05, 2007 | PDF

Commercial Defeasance is the Company of the Month

A leading facilitator of commercial mortgage loan defeasances since 2000, Commercial Defeasance, LLC is the industry leader committed to customer service.


September 25, 2006 | PDF

Defeasance with a NY Focus

Did you know that the majority of fixed-rate loans securitized in the commercial mortgage-backed securities (CMBS) market originated after 1998 prohibit a cash prepayment and require that the loan be defeased in order for the borrower to sell or refinance.


August 01, 2005 | PDF

A Primer on Defeasance

With commercial real estate loan production at historically high levels — up nearly 20 percent in the past year, according to the Mortgage Bankers Association — borrowers are savvier and more motivated than ever. A thorough knowledge of defeasance can help you reach these goals.


June 01, 2005 | PDF

Why the Checkout Line to Defeasance is Lengthing

An increase in defeasance volume is almost certain with CMBS issuance that is on pace to break another record in 2005. Volume hit $32.7 billion during the first quarter, a 72% increase from the same period a year ago.


April 04, 2005 | PDF

Property Values Drive the Need to Defease

As interest rates continue to hover at historically low levels and commercial property values in some regions hit historic highs, more and more borrowers are looking for opportunities to extract the equity from their properties.


April 01, 2005 | PDF

Commercial Defeasance Focus

With more than 1,000 deals on its books, Commercial Defeasance, one of the first to specialize in Defeasance, is clearly a market leader.


February 17, 2005 | PDF

CMBS Market Saw $6B in Defeasance Last Year

A total of $6 billion of the commercial mortgages that back CMBS transactions were defeased, or replaced by government securities last year. That volume is expected to climb sharply going forward, largely because so much of the real estate securing those mortgages has increased in value.


February 02, 2005 | PDF

The Deductibility of Defeasance Premuim in the Current Tax Year

In order for a borrower to sell or refinance commercial real estate that is encumbered by a conduit loan, the loan usually must be defeased.


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