Commercial Defeasance
Financial Services • 
Charlotte, North Carolina, United States • 11-20 Employees
Company overview
| Headquarters | 11121 Carmel Commons Boulevard, Suite 375, Charlotte, NC 28226, US |
| Phone number | +18774745888 |
| Websites | |
| NAICS | 52 |
| SIC | 874 |
| Keywords | Cmbs, Commercial Real Estate, Reit, Canada Defeasance, Defeasance, Defeasance Consulting, Forward Purchase Agreement, Successor Borrower |
| Founded | 2000 |
| Employees | 11-20 |
| Socials |
Key Contacts at Commercial Defeasance
Bryan Kern
Managing Director
Shawn Murphy
Director
Commercial Defeasance Email Formats
Commercial Defeasance uses 2 email formats. The most common is {first initial}{last name} (e.g., jdoe@defeasewithease.com), used 87.5% of the time.
| Format | Example | Percentage |
|---|---|---|
{first initial}{last name} | jdoe@defeasewithease.com | 87.5% |
{first name}{last name} | johndoe@defeasewithease.com | 12.5% |
About Commercial Defeasance
Commercial Defeasance, LLC is the industry leader in the defeasance of commercial real estate loans. Founded in 2000, we have defeased loans on all property types from small, single loan defeasances to large, complex portfolio defeasances. We work with every major CMBS servicer in the United States and Canada. Our professionals guide borrowers through the defeasance process (typically 30 days) by actively managing it from start to finish, which allows borrowers, and their attorneys and brokers, to focus on the related real estate transaction with confidence the defeasance will close on time. An affiliate company, Custom Hedging Solutions, facilitates hedging transactions by applying extensive knowledge of interest rate swaps, caps, floors, swaptions and other hedging instruments to bid out interest rate caps, execute swaps, or hedge defeasance costs. WHAT IS DEFEASANCE? Nearly every fixed-rate commercial real estate loan originated since 1998 requires the borrower to defease the loan in order to sell or refinance. Put simply, defeasance is a substitution of collateral. Typically, a defeasance is coordinated to close contemporaneously with a sale or refinance. The borrower uses proceeds from the sale or refinance to purchase a portfolio of U.S. government securities that is sufficient to make all of the remaining loan payments. The securities are pledged to the lender, and the lender releases the real estate from the lien of the mortgage. The promissory note, which remains outstanding after the defeasance, and the portfolio of securities are assigned by the borrower to a successor borrower that makes ongoing debt service payments. The defeasance process involves a host of professionals, from attorneys and accountants to servicers, trustees and rating agencies. Defeasance is not a simple prepayment. The entire defeasance process typically takes 30 days, on average, of which 2 to 3 days are allocated to the closing process.
Commercial Defeasance revenue & valuation
| Annual revenue | $1,539,990 |
| Revenue per employee | $86,000 |
| Estimated valuation?This valuation is estimated based on industry average for the Financial Services industry and current estimated revenues | $5,000,000 |
| Total funding | No funding |
Employees by Management Level
Total employees: 11-20
Seniority
Employees
Employees by Department
Commercial Defeasance has 4 employees across 3 departments.
Departments
Number of employees
Funding Data
Commercial Defeasance has never raised funding before.
Commercial Defeasance Tech Stack
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