Economic Overview: Treasury yields have declined this week after August CPI inflation mostly met expectations, supporting forecasts that the Fed will keep rates unchanged this month with chances of a hike in November. The increase was mostly attributable to a spike in gasoline prices in August, that increase should be temporary, economists said. This is […]
Waterstone Defeasance recently closed a defeasance transaction on a $1.8 million FreddieMac loan, secured by a multifamily property in Tonawanda, NY. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Apartment financing continues to drive the defeasance market, with lower cap rates despite higher interest rates, owners are […]
Waterstone Defeasance recently closed on a defeasance transaction for a $4.3 Million CMBS loan, secured by a self-storage property located in Murrieta, CA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Waterstone continues to deliver a high level of expertise for our clients, self-storage properties continue to […]
Waterstone Defeasance recently closed a defeasance transaction of an original $3.7 Million CMBS loan, secured by a Hotel in Port Charlotte, FL. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their loan. “Waterstone continues to deliver a high level of expertise for our clients, hotel properties continue to be […]
Waterstone Defeasance recently closed a defeasance transaction on a $16.9 million FreddieMac loan, secured by a multifamily property in Cheektowaga, NY. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Apartment financing continues to drive the defeasance market, with lower cap rates despite higher interest rates, owners are […]
Waterstone Defeasance recently closed a defeasance transaction for a $4.7 million CMBS loan, secured by a retail property in Elizabeth City, NC. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail […]
Economic Overview: As of August 2023 YTD, the economy continued to grow, although the pace has clearly slowed. Still, real GDP growth is positive; changes in nonfarm payrolls remain above trend rates; unemployment rates remain near the lowest levels since the 1960s; and consumers are becoming a bit more optimistic. As per Goldman Sachs. The […]
Waterstone Defeasance recently closed a defeasance transaction on a $7.8 million FreddieMac loan, secured by a multifamily property in Merced, CA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Apartment financing continues to drive the defeasance market, with lower cap rates despite higher interest rates, owners are […]
Waterstone Defeasance recently closed a defeasance transaction for a $3.9 million CMBS loan, secured by a retail property in Richmond, VA. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail properties […]
Economic Overview: US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday (July 12th) by the Bureau of Labor Statistics, that is a sharp cooldown from June of last year, when surging energy costs helped inflation spike to 9.1% Inflation, as measured by the CPI, has now eased […]