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.

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Waterstone Defeasance Closes on Multi-Family Garden Apts

Raleigh, NC: Waterstone Defeasance recently closed a defeasance transaction for a $8.8 million FreddieMac loan, secured by a multi-family (garden) property located in Winterpark, FL.  Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property, terms undisclosed.

Waterstone continues to deliver a high level of expertise for our clients, multi-family properties continue to trade at compressed cap rates, we are seeing defeasance volumes continuing uptrends as clients are expediting their timeline in executing their exit strategy “.  John Felter – Managing Director of Waterstone.

 

As the defeasance consultant, Waterstone managed the activities of the numerous parties involved with the transaction in order to meet the borrower’s aggressive closing schedule. Parties associated with a defeasance transaction typically include the servicer, servicer’s counsel, borrower, borrower’s counsel, securities broker, custodian, accountant, rating agencies, and the successor borrower.

 

John Felter

561.352.6551

John@WaterstoneDefeasance.com

 

www.DefeasanceServices.com

Author

George Rodriguez