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 Closes on multiple Defeasance Transactions totaling $2.6 Million in CMBS loans

CHARLOTTE, NC: Waterstone Defeasance recently closed two defeasance transactions totaling $2.6 million in CMBS loans, both secured by retail properties in TX.  Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their properties.

As the defeasance consultant, Waterstone managed the activities of the numerous parties involved with the transaction in order to meet the borrower’s 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.

“These transactions were very interesting to be a part of.  The loans had been securitized almost 18 years ago and were reaching their maturity in the next few years.  The borrower decided to sell the properties prior to maturity which resulted in defeasing both loans.  All parties were great to work with and made this a smooth transaction.”- Addison McMillan, Director with Waterstone

“I was extremely satisfied with the services that Waterstone provided.  They were very knowledgeable, professional and attentive to the needs of all parties involved with this closing.”- Sales Broker


About Waterstone Defeasance

Waterstone Defeasance, LLC is an independent consulting firm specializing in assisting commercial real estate borrowers through the defeasance process.  Since 2005, Waterstone has assisted owners and their advisors achieve the lowest possible defeasance costs.  Waterstone has developed an industry-leading online defeasance calculator so clients can get a quick defeasance estimate on their website (defeasanceservices.com).  Headquartered in Charlotte, North Carolina, the company also has offices in New York, Dallas, and Irvine.


Please contact us today with any questions regarding defeasance or to request a quote.

Addison McMillan