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.
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Defeasance? Ask These Questions.
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 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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Contact the Defeasance Team
610.925.3120
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Defeasance Best Practices for Borrowers, Brokers, 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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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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The Chatham defeasance calculator helps you understand your costs
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