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 Defeases 311 keys – Hotel Property

Waterstone Defeasance, Closes on a $36.4 Million CMBS Loan

Raleigh, NC: Waterstone Defeasance recently closed a defeasance transaction for a $36.4 million CMBS loan, secured by a hotel property in Arlington, TX. 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.

Waterstone continues to deliver a high level of expertise for our clients, hotel properties continue to be the new darling in destination spots with pent-up demand for travel at an all-time high, we are seeing defeasance volumes continuing uptrends as clients are expediting their timeline in executing their exit strategy “.                   – Carol Tillman, COO with Waterstone

About Waterstone Defeasance

Waterstone Defeasance 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 Raleigh, North Carolina, the company also has offices in New York, Dallas, and Anaheim. 

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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