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.

Contact

855.347.3695

Anaheim | Charlotte | Dallas
New York | Raleigh

info@waterstonedefeasance.com

Waterstone Defeasance, LLC Just Closed on a $6.8 Million Freddie Mac Loan

CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $6.8 million Freddie Mac loan, secured by a multifamily property in Norfolk, VA. 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.

“Waterstone closed the defeasance in conjunction with the refinance of an agency loan placed in 2012.  The refinance of a 327-unit multifamily property located in Norfolk VA retired $6.8MM of Freddie Mac debt. We appreciate the relationship with the mortgage bankers and their frequent referral of their clients.” – 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

Author

Debbie

Leave a comment

Your email address will not be published. Required fields are marked *