With over 100 years of combined experience, our advisors understand the defeasance process from the inside out. We help property owners and brokers navigate the intricacies of commercial real estate loan exiting.

Contact

855.347.3695

Anaheim | Charlotte | Dallas
New York | Raleigh

info@waterstonedefeasance.com

Our Services

The Waterstone Process

Defeasing a loan takes a coordinated effort across several different players. You will be carefully guided through our time-tested process to assure your transaction is being handled by experienced professionals.

When you are ready to learn more about the defeasance process, just let us know. You will receive our undivided attention. Our goal is to explain how the defeasance process works and get you comfortable with Waterstone as your consultant.

01

Initial Consultation

We also offer free quotes (as many as you want) that will estimate the securities cost and give you an idea of the various third party fees.

02

Defeasance Quote

Once engaged as your consultant, we will assign an experienced team to your transaction to meet your closing date. We will also help you send the initial notices and deposits to the servicer and host the initial kickoff call.

03

Client Engagement

This is where all the work is. Our team actively manages the process while working with the attorneys, accountant, and securities broker to get your deal closed on time.

04

Proactive Management

We work hard to get you the lowest securities cost possible, which includes getting multiple bids from brokers when possible. Plus, we do not build in any 'mark up' in the price, ensuring you get the lowest possible price.

05

Purchase Securities

When you're ready to close, we'll be ready to close. Your experienced deal team will work closely with all parties to make sure the closing goes smoothly.

06

Defeasance Closing

When you are ready to learn more about the defeasance process, just let us know. You will receive our undivided attention. Our goal is to explain how the defeasance process works and get you comfortable with Waterstone as your consultant.

01

Initial Consultation

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We also offer free quotes (as many as you want) that will estimate the securities cost and give you an idea of the various third party fees.

02

Defeasance Quote

bg1-home1

Once engaged as your consultant, we will assign an experienced team to your transaction to meet your closing date. We will also help you send the initial notices and deposits to the servicer and host the initial kickoff call.

03

Client Engagement

bg1-home1

This is where all the work is. Our team actively manages the process while working with the attorneys, accountant, and securities broker to get your deal closed on time.

04

Proactive Management

bg1-home1

We work hard to get you the lowest securities cost possible, which includes getting multiple bids from brokers when possible. Plus, we do not build in any 'mark up' in the price, ensuring you get the lowest possible price.

05

Purchase Securities

bg1-home1

When you're ready to close, we'll be ready to close. Your experienced deal team will work closely with all parties to make sure the closing goes smoothly.

06

Defeasance Closing

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The Waterstone Experience

What Are the Next Steps?

Your next step is to give notice of your intent to defease the loan to the Servicer, as required in your loan documents. Loan documents typically require the borrower to give notice within 60 to 90 days of your projected closing date. The Servicer will then require various up-front deposits be paid. Once these have occurred, the Servicer will engage its outside counsel to commence the defeasance process with the various parties.

Waterstone Defeasance will coordinate this initial communication on your behalf, ensuring the process gets out of the gates smoothly. Contact us today to discuss your Next Steps in more detail.

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