With over 100 years of combined experience, our advisors understand the defeasance process from the inside out. We help property owners and brokers navigate the intricacies of commercial real estate loan exiting.



Anaheim | Charlotte | Dallas
New York | Raleigh


Calculate Your
Exit Strategy
We provide accurate and fast calculations. Learn how much your defeasance costs in seconds. Get Quote Get in touch Fair Market Valuation
Your Trusted Defeasance Experts Whether you are buying, selling, or refinancing your property, we make your exit process simple and hassle-free. Learn More Get in touch Waterstone Defeasance Manage Your
Exit Strategy
We help commercial real estate owners and brokers understand what solution works best for their business. Explore More Get in touch Prepayment Options


Trusted Clients


Original Loan Balances Defeased
Years of Combined Experience

The Waterstone Experience

Set Yourself Up For
A Successful Exit

Waterstone’s experts are here to help with your loan’s exit strategy. Our clients’ acquisition and disposition guidelines are constantly changing, so we continually seek new and better ways to serve them.

Since 2004, thousands of clients have trusted Waterstone. We are the borrower’s advocate. Our team ensures our clients receive fair pricing and fair valuation for their exit strategy. Serving clients at every level, our team acts as your trusted advisor every step of the way. 

Meet our Advisors

Defeasance Tips


Strategy comes first.


Borrower before Servicer.


Professional skilled team.

Looking for a experts in defeasance?

Our Waterstone advisors are here to guide you through the prepayment process. 

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Our Industry Expertise

With over 100 years of combined experience, our advisors understand the defeasance process from the inside out. We help property owners and brokers navigate the intricacies of commercial real estate loan’s prepayment terms. Serving across the financial and real estate industries, Waterstone experts handle every type of transaction: multi-family, office, retail, industrial, lodging, NNN lease, MHP, medical offices, self storage, and mixed-use.


As your independent defeasance consultant, Waterstone represents your best interest in your transaction. We take pride in providing the highest level of customer service with access to our professionals across all regions including after hours to support your service level agreement.

Yield Maintenance

Waterstone continues to analyze yield maintenance prepayment language and we have been successful in reducing loan payoff costs associated with your transactions. Our yield maintenance prepayment models are driven by the underlying assumptions of the loan terms as they drive the results.

Hedging Services

We have partnered with hedging experts to assist with the analysis and pricing for hedging products such as caps and swaps. Our goal is to get you access to the markets that can best match up your requirements and with full transparency on the product execution.

What We Stand For

Trusted. Experienced. Sophisticated.

Exceptional Client Service

Day or night, our team is here to manage all your transaction needs. We handle every part of the process.

Commitment to Transparency

We pride ourselves in providing honest calculations. No bait and switch tactics. No hidden brokerage fees.

Borrower Advocacy

As an independent third-party, Waterstone is committed to ensuring the best deal possible for our clients. 

Certainty of Execution

As your defeasance advisor, our team ensures around the clock support. Your needs are our utmost priority.

Technical Expertise

With over 100 years of combined experience, our advisors understand the defeasance process from inside out. 

Competitive Bond Pricing

We will bid put the securities portfolio into a competitive bid process with multiple trading desks in order to get the most competitive bids, we are not Broker/Dealers and cannot “mark” the securities up or take a fee or commission.


Our Reputation is Everything

People do not want to work for or deal with leaders or companies whose reputations are tarnished or who are not ethical. Reputation and ethics are key determinants to building a sustainable competitive advantage and becoming a preferred provider to a market. We work hard to win your business and your trust while flawlessly delivering on your real estate closings.

“The entire Waterstone team was wonderful to work alongside. They are extremely courteous, patient and professional. They came highly recommended to me by Principal Life and they lived up to exactly what I was told. They were extremely helpful and beneficial assisting my client through the defeasance process. I would 100% use their team in the future.”
 David Horowitz

David Horowitz

Commercial Mortgage Broker
“Thanks to Waterstone, our defeasance closing was smooth and quick. There was no trouble throughout the process and when questions arose, Waterstone answered them.”
Neil Punt

Neil Punt

Chief Financial Officer
“What impressed me about Waterstone was their diligence in closing my defeasance. It was a surprisingly positive experience — immediate.”
Thomas Barkewitz

Thomas Barkewitz

“It was important for our defeasance that we found a professional expert company to handle our transaction. Waterstone provided everything we needed and helped coordinate all the people involved to ensure that this transaction was successful.”
Ned Carner

Ned Carner

Chief Investment Officer
“While it’s obvious that Waterstone has completed many transactions due to their expert advice, we were treated with individual care. They pay so much attention to detail and customer service. They were great to work with.”
Michael Berger

Michael Berger

“The Waterstone team did a wonderful job during the defeasance process. Their flexibility and attention to detail reassured us they had our best interest at heart. They answered all of our questions, making sure we were involved every step of the way.”
Jeanie Adams

Jeanie Adams

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