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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855.347.3695

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info@waterstonedefeasance.com

Waterstone Defeasance LLC Closes on a $9.0 Million CMBS Loan

CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $9.0 million CMBS loan, secured by mobile home properties in NC and OH. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their loan.

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.

“Our client continues to restructure their portfolio of mobile home parks through refinancing and sales.  The refinance of numerous NC and OH properties drove these recent transactions.  We look forward to working with them again soon.”– Carol Tillman, COO with Waterstone

 

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.

Carol Tillman

COO

704.926.6508

Carol@WaterstoneDefeasance.com

 

DefeasanceServices.com

 

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Author

Debbie