Defeasance & Prepayment

Defeasance calculator, yield maintenance calculator and debt prepayment guides and resources. Get the right information when structuring debt, refinancing, and prepaying maturing debt.

Defeasance Pitfalls: What Borrowers Need to Know

While CMBS can be accretive to returns, it can also impair them; borrowers that refinance or sell mid-term will be forced to repay loans early, triggering a potentially painful exit.

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Defeasance Best Practices for Borrowers, Brokers, and Counsel

Successor borrower rights are a material defeasance consideration, not just at the time of defeasance but at origination as well.

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Understanding Yield Maintenance

Understanding Yield Maintenance Both yield maintenance and defeasance allow borrowers to unencumber the underlying real estate asset. However, from a legal and economic perspective, the two...

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Questions a Borrower Should Ask Before Defeasing

What a Borrower Should Know Before Defeasing Defeasance is the process through which a borrower is released from the obligations of its debt. The borrower purchases a portfolio of government bonds...

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Defeasance FAQs

When deciding to prepay your fixed rate CMBS debt, whether through yield maintenance or defeasance, most borrowers have questions. View Chatham's list of yield maintenance and defeasance FAQs.

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CMBS Defeasance Activity Nose Dives As Maturity Wall Is Hurdled

CMBS Defeasance Activity Nose Dives As Maturity Wall Is Hurdled January 9, 2018 “We’re nearing the 10-year mark from the financial crisis,” explained Dan Kahler, director of defeasance at...

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Defeasance & Prepayment

Defeasance Pitfalls: What Borrowers Need to Know

While CMBS can be accretive to returns, it can also impair them; borrowers that refinance or sell mid-term will be forced to repay loans early, triggering a potentially painful exit.

Defeasance Best Practices for Borrowers, Brokers, and Counsel

Successor borrower rights are a material defeasance consideration, not just at the time of defeasance but at origination as well.

Understanding Yield Maintenance

Understanding Yield Maintenance Both yield maintenance and defeasance allow borrowers to unencumber the underlying real estate asset. However, from a legal and economic perspective, the two...

Questions a Borrower Should Ask Before Defeasing

What a Borrower Should Know Before Defeasing Defeasance is the process through which a borrower is released from the obligations of its debt. The borrower purchases a portfolio of government bonds...

Defeasance FAQs

When deciding to prepay your fixed rate CMBS debt, whether through yield maintenance or defeasance, most borrowers have questions. View Chatham's list of yield maintenance and defeasance FAQs.

CMBS Defeasance Activity Nose Dives As Maturity Wall Is Hurdled

CMBS Defeasance Activity Nose Dives As Maturity Wall Is Hurdled January 9, 2018 “We’re nearing the 10-year mark from the financial crisis,” explained Dan Kahler, director of defeasance at...