Commercial Real Estate Overview: As expected the Fed increased the Fed Funds Rate 50 basis points (pbs), for a combined 425 bps of tightening’s in 2022, it is now forecast the rate to go above 5% during 2023 with 3 more hikes likely. The Fed moderated its aggressive tightening while still signaling to the market […]
Waterstone Defeasance recently closed a defeasance transaction on a $28.7 million FreddieMac loan, secured by a multifamily property in Greensboro, NC. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Apartment financing continues to drive the defeasance market, with low cap rates and lower interest rates, owners are […]
Waterstone Defeasance recently closed on a defeasance transaction for a $3.9 Million CMBS loan, secured by a self-storage property located in Menifee, 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 $1.2 Million NNN loan, secured by a CVS-Pharmacy in Leonia, NJ. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Waterstone continues to deliver a high level of expertise for our clients, retail properties continue to challenge the […]
Waterstone Defeasance recently closed a defeasance transaction for a $6.3 million CMBS loan, secured by an office property located in Amherst, NY. 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, office properties continue to see […]
Waterstone Defeasance recently closed a defeasance transaction for a $13 million CMBS loan, secured by an office property located in Brisbane, CA. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Waterstone continues to deliver a high level of expertise for our clients, office properties continue to see […]
Waterstone Defeasance recently closed a defeasance transaction for a $14.7 million CMBS loan, secured by an office property located in Amherst, NY. 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, office properties continue to see […]
Waterstone Defeasance recently closed a defeasance transaction of an original $10.7 Million CMBS loan, secured by a Hotel in Atlanta, GA. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their loan. “Waterstone continues to deliver a high level of expertise for our clients, hotel properties continue to be the […]
Waterstone Defeasance recently closed a defeasance transaction for a $8 million CMBS loan, secured by a retail property in Orland Park, IL. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail […]