Commercial Defeasance Facilitates $29 Million Defeasance in five days for an office building in Beverly Hills.

Beverly Hills, CA. – October 9, 2008 – Commercial Defeasance, LLC recently facilitated a $29.3 million defeasance transaction on a premier high rise office building in Beverly Hills, CA. A defeasance usually takes 30- 45 days to complete, but this transaction was completed in five days including rating agency review. The transaction allowed the Beverly Hills company to refinance the 99,904 sq. foot property with Washington Mutual Bank. The owners were represented by Parklane Investments and George Smith Partners.

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