ARTICLES AND LINKS
ARTICLES
The following articles contain useful information pertaining to Defeasance and CMBS:
- The CRE Finance Council gives a thorough overview of CMBS, including a section on prepayment and defeasance:
- Borrower Guide to CMBS - CRE Finance Council
- Cusick Financial provides another excellent overview on CMBS
- Understanding CMBS - A Borrower's Handbook - Cusick Financial
- This Investopedia article includes an in-depth defeasance overview and insight on why defeasance is an excellent option for commercial borrowers:
- Defeasance Reduces Commercial Real Estate Fees - Investopedia article by Robert Stammers
- Karla McNary provides excellent tips for borrowers to ensure their defeasances close on time:
- How to Defease a Loan on Schedule and Avoid Future Liability - Karla McNary
- The following article, from Joshua Stein's website www.real-estate-law.com, gives an excellent overview of the structure and complexities of a New York Style Defeasance:
- Defeasance: Now a Viable Option in New York State - Joshua Stein
LINKS
Useful links about Defeasance and CMBS:
- Commercial Real Estate Finance Council - The CRE Finance Council is an excellent source of CMBS information.
- CMBS Market Statistics - CMBS statistics from the Commercial Mortgage Alert.
- Defeasance Definition - A defeasance definition from Wikipedia.