Waterstone Defeasance just Closed on a $9.6 Million Yield Maintenance Transaction
CHARLOTTE, NC: Waterstone Defeasance recently closed on a yield maintenance for a $9.6 million agency loan, secured by a multifamily property in Whitehall, OH. Waterstone provided guidance on the yield maintenance pricing, coinciding with the owners’ refinance of their loan.
Yield maintenance calculations are typically provided by the loan servicers. However, in many instances, borrowers request the calculations be provided by Waterstone to confirm the payoff provided by the servicer is accurate.
“This customer was a pleasure to deal with, they were very knowledgeable about the prepayment process and allowed us to move thru the close smoothly.” – John Felter, Managing Director with Waterstone Defeasance
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 free quote.
John Felter, Managing Director