Contact Us
Defeasance can be confusing, so please contact us for details regarding the process and our services.
Contact Request
Charlotte
11600 N. Community House Road
Suite 200
Charlotte, NC 28277
704.926.6501
Contact: Carol Tillman
carol@waterstonedefeasance.com
New York
232 Madison Ave., Suite 600
New York, NY 10016
561.352.6551
Contact: John Felter
john@waterstonedefeasance.com
Dallas
950 E. Highway 114, Suite 160
Southlake, TX 76092
704.661.8540
Contact: Mike Schoenstein
mike@waterstonedefeasance.com
Irvine
910.734.8402
Contact: Addison McMillan
addison@waterstonedefeasance.com
EMAIL US
CALL US
855.347.3695
THE WATERSTONE EXPERIENCE
Our goal is to give you confidence in our abilities as your defeasance consultant. You will receive our full attention. If you have a question – we will be there to help you. The defeasance process can be complicated, we know that, so we make sure you stay informed along the way so you can sleep at night.
WHAT ARE THE NEXT STEPS?
Your next step is to give notice of your intent to defease the loan to the Servicer, as required in your loan documents. Loan documents typically require the borrower to give notice within 60 to 90 days of your projected closing date. The Servicer will then require various up-front deposits be paid. Once these have occurred, the Servicer will engage its outside counsel to commence the defeasance process with the various parties.
Waterstone Defeasance will coordinate this initial communication on your behalf, ensuring the process gets out of the gates smoothly. Contact us today to discuss your Next Steps in more detail.
Client Testimonials
“Thanks to Waterstone, our defeasance closing was smooth and quick. There was no trouble throughout the process and when questions arose, Waterstone answered them immediately."
Neil Punt
Optivest Properties
Client Testimonials
“What impressed me about Waterstone was their diligence in closing my defeasance. It was a surprisingly positive experience.”
Thomas Barkewitz
Alston, Courtnage & Bassetti, LLP
Client Testimonials
"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
Unico Properties
Client Testimonials
“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
Mandelbaum & Mandelbaum
Client Testimonials
"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
FORT Properties
