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, LLC Just Defeased an $18 Million Agency Loan

CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction on an $18 million agency loan, secured by a multifamily property located in Duluth, GA. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property.

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.

“We enjoyed working with this borrower group again for another smooth defeasance transaction.  We continue to see a lot of activity in the multifamily space and expect that trend to remain as property value keep increasing and capital is readily available.  As short-term treasury rates increase, it brings the cost to defease down, and more and more clients are taking advantage of the current market to exit out of their existing debt.”- Addison McMillan, 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.

Addison McMillan






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