Commercial Defeasance completes $19 million defeasance for Maple Avenue Limited Partnership

Charlotte, NC – July 22, 2010 – Commercial Defeasance, LLC recently facilitated a $19 million defeasance for Maple Avenue Limited Partnership allowing it to refinance the Maple Avenue Shopping Center in Vienna, VA. The financing was arranged through Metropolis Capital Finance and provided by New York Life Investment Management. Custom Hedging Solutions, a Commercial Defeasance company, also assisted Maple Avenue Limited Partnership with an interest rate hedge that locked in the bulk of their defeasance cost.

Read more