As the commercial real estate industry continues to adjust to a rising interest rate environment, CRED iQ examined the latest trends in defeasance activity. Reports of defeasance requests have trended higher in recent months. Generally, in a low-rate environment defeasance is an opportunity for borrowers to take advantage of refinancing existing debt at a comparatively lower […]
Waterstone Defeasance, Closes on a $5 Million CMBS Loan Raleigh, NC: Waterstone Defeasance recently closed a defeasance transaction for a $5 million CMBS loan, secured by a multifamily property in Montclair, NJ. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. As the defeasance consultant, Waterstone managed the […]