CHARLOTTE, NC: Waterstone Defeasance recently closed a defeasance transaction for a $10 million CMBS loan, secured by a mixed use property in California. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. As the defeasance consultant, Waterstone managed the activities of the numerous parties involved with the transaction […]
The cost to defease a CMBS loan has gotten more expensive due to Brexit uncertainty and a flight to quality. Since most CMBS loans being defeased now are maturing within a couple of years, the cost is more correlated with short-term yields. As yields rise the cost to defease is cheaper, however as they drop […]