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News

See what Waterstone is up to in the community, at trade shows and around the country.

Latest News & Articles

  • Addison McMillan

Waterstone Defeasance Opens Irvine, CA Office

Waterstone Defeasance recently opened a new office in Irvine, to better meet the needs of our clients in California.  We are excited that Addison McMillan, Director, has relocated from our Charlotte office and will be based in Irvine where he will be focused on [...]

Recently Defeased Properties

Waterstone Defeasance, LLC Closes on a $3.8 Million CMBS Loan

CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $3.8 million CMBS loan, secured by a self-storage property located in Ridgeland, SC. Waterstone guided the owners through the defeasance process coinciding with the [...]

Waterstone Defeasance, LLC Closes on a $11.3 Million CMBS Loan

CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $11.3 million CMBS loan, secured by a multifamily property in Greensboro, NC. Waterstone guided the owners through the defeasance process coinciding with the owners’ [...]

Waterstone Defeasance, LLC Closes on a $9.4 Million CMBS Loan

CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $9.4 million CMBS loan, secured by a multifamily property in Clarkston, GA. Waterstone guided the owners through the defeasance process coinciding with the owners’ [...]

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.

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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.

CONTACT US

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

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