Commercial Defeasance Structures $18.9 Million Defeasance for Wilkinson Real Estate Partners

CHARLOTTE, NC. – August 26, 2009 – Commercial Defeasance, LLC recently facilitated an $18.9 million defeasance for Wilkinson Real Estate Partners who refinanced three Greenville, South Carolina properties for $23,000,000. Fannie Mae provided the new financing for the 564 multifamily units. By combining three loans into one simultaneous defeasance transaction, Commercial Defeasance helped the borrower save tens of thousands of dollars.

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Commercial Defeasance Facilitates The Groves Defeasance With Unique Bonds

Orlando, F L – February 5, 2009 – Commercial Defeasance, LLC recently facilitated a $6.3 million defeasance transaction for Balestra Capital Ltd., a hedge fund company based in New York. The transaction allowed the company to sell The Groves, a 441 unit manufactured housing property, for $13.5 million. A unique aspect of this defeasance was the use of Agency for International Development (AID) bonds that saved The Groves $100,000 on the cost of the defeasance compared to a portfolio of traditional agency bonds, such as Fannie Mae and Freddie Mac securities.

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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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