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Latest News & Articles
How Brexit Affects Defeasance Costs
The cost to defease a CMBS loan has gotten more expensive due to Brexit uncertainty and a flight to quality. Since most CMBS loans being defeased now are maturing within a couple of years, the cost is more correlated with short-term yields. As yields rise [...]
What’s the difference between a Defeasance Calculator Quote and a Comprehensive Defeasance Proposal
Defeasance Calculator contact us here, or give us a call at 855-347-3695. So, what is the difference? Our Defeasance Calculator takes the user-provided loan information combined with basic and interpolated yields, and estimates a total securities cost. This method will give you a [...]
Understand Defeasance with this Infographic
Learn more about the various steps required to defease a CMBS loan.
Recently Defeased Properties
Waterstone Defeasance, LLC Closes on a $8.9 Million CMBS Loan
CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $8.9 million CMBS loan, secured by a retail property in Lemont, Illinois. Waterstone guided the owners through the defeasance process coinciding with the owners’ [...]
Waterstone Defeasance LLC Closes on a $15.5 Million CMBS Loan
CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $15.5 million CMBS loan, secured by an industrial property located in Hopkinton, MA. Waterstone guided the owners through the defeasance process coinciding with the [...]
Waterstone Defeasance LLC Closed the Defeasance on a $34 Million Multifamily Portfolio
CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $34 million CMBS loan, secured by multifamily properties located in Michigan. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance [...]
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.
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
