3 million defeasance
transaction for The Groves Realty Group, LTD that allowed the company to sell The Groves, a 441 unit manufactured housing property, for $15.
CMBS: Property Market Performance Drives Delinquencies and Defeasance
, found that when commercial real estate values increased, the collective delinquencies on the underlying loans decreased by both value and number.
Flawless execution results in successful multi-property defeasance
for Hometown America Corp
First-in-class value-sharing program marks $75 million in defeasance
Before engaging any defeasance
consultant, ask how many "defeasances
" they have closed, request references, obtain a written cost estimate, and always get a written engagement letter.
In addition you also produced over $502,000 in combined savings to us in lower defeasance
costs and in the purchase of the replacement securities.
Management opted to leave current toll rate levels unchanged for the near term and to use defeasances
as needed until such time as the traffic base grows to meet the rate covenant with net revenues.
Jon Davis, Deal Manager, of Commercial Defeasance
said, "The vendor and purchaser needed to close this portfolio quickly with a simultaneous assumption/defeasance
NEW YORK -- As defeasance
has risen dramatically on loans in U.
Joe Parry, the Commercial Defeasance
Deal Manager who worked on the transaction, said, "Coordinating the defeasance
of 54 loans to close on the same date was a very complex and time consuming procedure that required the cooperation of all parties.
A good reflection of the knowledge and depth of the team at Reliable Defeasance
is that it is one of the only firms to have successfully facilitated the closing of a Fannie Mae defeasance
-- which like CMBS defeasances
are complex, yet governed by even more rigid procedures.
Howard Levine, president/CEO of ARCS Commercial Mortgage, announced the creation of a strategic relationship between ARCS and Commercial Defeasance
, LLC, America's leading facilitator of commercial real estate defeasances
The corporation will decide on future defeasances
on an ongoing basis and only during periods when the general fund balance runs in excess of $5 million.
The process was completed in four separate defeasances
is the market leader in commercial loan defeasances