If you’re looking for a reliable firm that can help you deal with the intricacies of conduit loan defeasance, you can count on us. Here, at AST Defeasance, the preferred partner of both borrowers and lenders who are seeking high quality and low-cost commercial defeasance, we can provide you with the information and guidance that you need in order to successfully close conduit loan defeasance deals.
Understanding Conduit Loan Defeasance
In the Commercial Mortgage Backed Securities (CMBS) industry, the process wherein borrowers are allowed to purchase government securities to replace the collateral originally used in order to secure a mortgage loan is referred to as defeasance. In order to complete a conduit loan defeasance, one or more government securities with different maturities must be purchased.
This way, the original loan is still held by the Real Estate Mortgage Investment Conduit (REMIC) trust. In addition, the income from the government securities that were purchased to replace the original collateral stands in as payment for the amount due that’s left under the terms of the conduit loan.
Defeasance is more favorable for holders of certificates that are backed by securitized loans since the chances that a borrower would default after a defeasance are significantly reduced.
About AST Defeasance
Our team has extensive experience when it comes to facilitating and closing defeasance deals. Since closing our first defeasance in 2006, we have been maintaining a perfect track record for offering the lowest cost, hassle-free defeasance services favored by many borrowers and lenders alike. Here, at AST Defeasance, expect personalized service and consistent professionalism and dedication.
In a nutshell, AST Defeasance offers:
- The lowest cost conduit loan defeasance possible.
- Performance-based services – no upfront charges at all!
- Assistance and service from the start of the defeasance process until the deal is closed.
Let us, at AST Defeasance, help you deal with your situation. Call us at (866) DEFEASE (333-3173) or (310) 856-9070 today!
