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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View MoreDefeasance? 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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View MoreDefeasance 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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View MoreDefeasance 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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View MoreUnderstanding 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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View MoreDefeasance 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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