Commercial Defeasance
Financial ServicesNorth Carolina, United States11-50 Employees
Commercial Defeasance, LLC specializes in defeasance of commercial real estate loans, coordinating the substitution of collateral by purchasing a portfolio of U.S. government securities that secures the remaining debt service. From start to finish, the firm manages the defeasance process, which typically takes about 30 days, enabling borrowers and their attorneys and brokers to proceed with the related real estate transaction. The company operates within the financial services industry and serves borrowers who need to defease loans as part of sales or refinancings, engaging with major CMBS servicers across the United States and Canada. Headquartered in Charlotte, North Carolina, and founded in 2000, it functions as a mid-sized specialist with an affiliated entity, Custom Hedging Solutions, that provides hedging services for defeasance costs using instruments such as interest rate swaps, caps, floors and swaptions.