Defeasance Calculator

When deciding to prepay your fixed-rate CMBS debt, whether through yield maintenance or defeasance, most borrowers have questions. Chatham routinely supports the majority of principal balance, including the largest individual loans, defeased in a given year. View Chatham's list of yield...

Successor borrower rights are a material defeasance consideration, not just at the time of defeasance but at loan origination as well. This provision is often negotiable at loan origination and can play out in a variety of ways at execution. Chatham routinely supports the majority of principal...

The intent of this piece is to bring awareness to some defeasance pitfalls, and return leverage to the hands of borrowers.

It was a busy week, and while reports remain mixed with several pointing to a slowing economy, there are also reasons for optimism. The highly anticipated jobs report added to the optimism, at least on the surface. The labor market continues to appear resilient, with the unemployment rate holding...

There was plenty to digest this past week with the trend of mixed economic signals continuing. Consumer confidence jumped as the data is now starting to capture the May 12 announcement of a pause on some tariffs with China. Overall, markets reacted favorably on the week, with the S&P 500...

As the House passed its version of the tax bill and a renewed threat of tariffs on the EU emerged, markets responded unfavorably with the S&P 500 retreating -2.58%. The bond market caught investor attention as yields trended higher, with the 10-year Treasury closing the week at 4.52%

There were several economic data releases last week, and while they remain mixed, markets responded favorably. The S&P 500 posted a 5.33% return on the week with most of those gains following the ease of trade tensions between the U.S. and China. The 10-year yield finished the week 10 bps higher...

Although it was a relatively light week for economic reporting, it proved to be very busy. Investors focused keenly on the Fed, which left rates unchanged, in line with market expectations. Chair Powell noted an increase in uncertainty since the last policy meeting and reiterated his belief the...