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.

  • Optimize your defeasance

    Optimize your defeasance

    Chatham Financial has executed over $100 billion total notional defeased, and returned over $169 million in residual value to borrowers.

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  • Rates have dropped—should you consider refinancing?

    Rates have dropped—should you consider refinancing?

    As rates fall dramatically, many borrowers consider the possible benefits of refinancing fixed-rate loans. CRE borrowers should consider refinancing floating-rate loans with embedded floors.

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  • Contact Chatham's Defeasance Team: 610.925.3120

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  • Defeasance? Ask these questions.

    Defeasance? Ask these questions.

    Defeasance is the process through which a borrower is released from the obligations of its debt. The borrower purchases a portfolio of government bonds to serve as replacement collateral for the debt.

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  • Defeasance pitfalls: What borrowers need to know

    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, counsel

    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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  • The Chatham defeasance calculator helps you understand your costs

    Estimate Here
  • Understanding yield maintenance

    Understanding yield maintenance

    Both yield maintenance and defeasance allow borrowers to unencumber the underlying real estate asset. from a legal and economic perspective, the two processes are fundamentally different.

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  • Get current treasury and
    swap rates from Chatham

    ChathamRates.com
  • Defeasance FAQs

    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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