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 $2.7 Million FreddieMac Loan

Waterstone Defeasance recently closed a defeasance transaction on a $2.7 million FreddieMac loan, secured by a multifamily property in Cincinnati, OH. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. 

“Apartment financing continues to drive the defeasance market, with lower cap rates despite higher interest rates, owners are executing their exit strategies earlier than expected.”

 Addison McMillian , Director with Waterstone

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.

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

Addison McMillan 

910.734.8402

addison@WaterstoneDefeasance.com

www.DefeasanceServices.com

Author

Gabriela Rodriguez