We manage the process of defeasing commercial loans by assigning an experienced, responsive deal management team to coordinate every step. Our pro-active approach allows the borrower, borrower’s attorney and broker to focus on the sale or refinance with complete confidence that the defeasance will close on time.
Since pioneering the defeasance business in 2000, Commercial Defeasance has defeased over 5000 commercial loans on all property types.
Commercial Defeasance brings affordable, experienced third parties to the transaction to provide the accountant's sufficiency verification, serve as the securities intermediary, purchase and deliver the defeasance collateral, and serve as the successor borrower.
Defeasance Holding Company, a Commercial Defeasance subsidiary, administers the affiliated special purpose, bankruptcy remote successor borrower that will assume the defeased loan.