When deciding whether or not to refinance, many commercial real estate owners ask themselves when will interest rates go up. However, that’s not the right question to ask. Interest rate timing isn’t the key determinant in deciding to refinance — IRR is.
Commercial Defeasance Closes $500K Defeasance The existing debt was not set to mature until 2018, but with a current interest rate of 5.75% and principal balance of $450,000, the buyer recognized the opportunity to extend the term and re-leverage the asset at current rates. While CMBS loans vary in size, rate and term, the defeasance […]
Helping a borrower through their first defeasance is always special for us. No one had completed a defeasance when we started helping borrowers through the process back in 2000, so all we did for a while was help people through their first defeasance. Now, over half our customers are borrowers we have worked with before […]
Defease With Ease® facilitated a $66 million defeasance transaction that helped TMI Hospitality close a $93 million refinancing of 22 hospitality properties. Charlotte, NC – TMI Hospitality, Inc. selected Defease With Ease to facilitate the simultaneous defeasance of $66 million of CMBS loans in two securitizations. The loans were secured by 22 hospitality properties located […]
Flawless execution results in successful multi-property defeasance for Hometown America Corp Charlotte, NC – Defease With Ease®, headquartered in Charlotte, North Carolina, recently facilitated a $160 million defeasance transaction for Hometown America Corporation in connection with the sale of ten properties located in Texas, Arizona and Colorado.
Commercial Defeasance, LLC recently facilitated the defeasance of 111 Eighth Avenue in Manhattan’s Chelsea neighborhood. An ownership group that includes Taconic Investment Partners sold this iconic building to Google, Inc. in what is being hailed as the largest single asset US real estate transaction
CHARLOTTE, NC. – January 18, 2011, 2010-Commercial Defeasance, LLC, the industry leader in the defeasance of commercial real estate loans, announces the launch of iDefease, the first defeasance app. iDefease is a mobile calculator that allows commercial real estate professionals to estimate defeasance costs for any loan instantly on their iPhone, iTouch or iPad. It […]
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 […]
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 […]
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 […]
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 […]