Commercial Defeasance
Financial Services, Carmel Commons BLVD Ste 250, Charlotte, , 28226, North Carolina, 11121, United States, 11-50 Employees
Phone Number: +18*********
Who is COMMERCIAL DEFEASANCE
Commercial Defeasance, LLC is the industry leader in the defeasance of commercial real estate loans. Founded in 2000, we have defeased loans on all property types from small, single loan ...
Read More
-
Headquarters: 11121 Carmel Commons BLVD Ste 250, Charlotte, North Carolina, 28226, United States
-
Date Founded: 2000
-
Employees: 11-50
-
Revenue: $5 Million to $10 Million
-
Active Tech Stack: See technologies
Industry: Financial Services
SIC Code: 8742
|
NAICS Code: 531210 |
Show More
Does something look wrong? Fix it. | View contact records from COMMERCIAL DEFEASANCE
Commercial Defeasance Org Chart and Mapping
Email
Phone
Similar Companies to Commercial Defeasance
Chatham Financial
-
501-1000
-
$ 250 Million to 500 Million
Sign in to CIENCE GO Data to uncover contact details
Free credits every month
Frequently Asked Questions Regarding Commercial Defeasance
Answer: Commercial Defeasance's headquarters are located at Carmel Commons BLVD Ste 250, Charlotte, , 28226, North Carolina, 11121, United States
Answer: Commercial Defeasance's phone number is +18*********
Answer: Commercial Defeasance's official website is https://defeasewithease.com
Answer: Commercial Defeasance's revenue is $5 Million to $10 Million
Answer: Commercial Defeasance's SIC: 8742
Answer: Commercial Defeasance's NAICS: 531210
Answer: Commercial Defeasance has 11-50 employees
Answer: Commercial Defeasance is in Financial Services
Answer: Commercial Defeasance top competitors include: Chatham Financial
Answer: Commercial Defeasance contact info: Phone number: +18********* Website: https://defeasewithease.com
Answer: Commercial Defeasance, LLC is the industry leader in the defeasance of commercial real estate loans. Founded in 2000, we have defeased loans on all property types from small, single loan defeasances to large, complex portfolio defeasances. We work with every major CMBS servicer in the United States and Canada. Our professionals guide borrowers through the defeasance process (typically 30 days) by actively managing it from start to finish, which allows borrowers, and their attorneys and brokers, to focus on the related real estate transaction with confidence the defeasance will close on time. An affiliate company, Custom Hedging Solutions, facilitates hedging transactions by applying extensive knowledge of interest rate swaps, caps, floors, swaptions and other hedging instruments to bid out interest rate caps, execute swaps, or hedge defeasance costs. WHAT IS DEFEASANCE? Nearly every fixed-rate commercial real estate loan originated since 1998 requires the borrower to defease the loan in order to sell or refinance. Put simply, defeasance is a substitution of collateral. Typically, a defeasance is coordinated to close contemporaneously with a sale or refinance. The borrower uses proceeds from the sale or refinance to purchase a portfolio of U.S. government securities that is sufficient to make all of the remaining loan payments. The securities are pledged to the lender, and the lender releases the real estate from the lien of the mortgage. The promissory note, which remains outstanding after the defeasance, and the portfolio of securities are assigned by the borrower to a successor borrower that makes ongoing debt service payments. The defeasance process involves a host of professionals, from attorneys and accountants to servicers, trustees and rating agencies. Defeasance is not a simple prepayment. The entire defeasance process typically takes 30 days, on average, of which 2 to 3 days are allocated to the closing process.
Premium Sales Data for Prospecting
-
Sales data across over 200M records
-
Up-to-date records (less decayed data)
-
Accurate Email Lists (real-world tested)
-
Powerful search engine and intuitive interface
Get Full Access
Sign in to CIENCE GO Data to uncover contact details
Free credits every month