As an independent, expert advisor, Chatham acts as the borrower’s Defeasance Consultant. Chatham provides cost estimates, advises the borrower on how to navigate the defeasance process, engages the other parties to the defeasance, and ensures that the defeasance is executed in a timely and cost effective manner. Chatham can also purchase the defeasance bonds and, if allowed by the loan documents, establish the Successor Borrower entity that will assume the original borrower’s loan.
The role of Defeasance Consultant is unique because it is the only party with expert knowledge of the entire process that also acts as an advocate for the borrower.
Chatham’s goal as defeasance consultant is to simplify the defeasance process so that our clients can focus on the underlying real estate transaction.