Simplifying complex transactions

Quick Quote Defeasance Calculator

THE INFORMATION, TOOLS AND MATERIALS PRESENTED IN THIS SITE ARE PROVIDED TO YOU FOR INFORMATIONAL PURPOSES ONLY AND ARE NOT TO BE USED AS OR CONSIDERED TO BE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SECURITIES OR OTHER FINANCIAL INSTRUMENTS, OR ANY ADVICE OR RECOMMENDATION WITH RESPECT TO SUCH SECURITIES OR OTHER FINANCIAL INSTRUMENTS. WE ARE NOT SECURITIES BROKER-DEALERS, ACCOUNTANTS OR ATTORNEYS. COMMERCIAL DEFEASANCE AND ITS AFFILIATES ARE INDEPENDENT CONTRACTORS AND ARE NOT, AND SHOULD NOT BE CONSIDERED TO BE, IN A FIDUCIARY OR PARTNER RELATIONSHIP WITH THE BORROWER WHETHER OR NOT THE BORROWER ENGAGES COMMERCIAL DEFEASANCE OR ANY AFFILIATE TO PROVIDE SERVICES.

THE SECURITIES COST ESTIMATE IS BASED ON THE LOAN TERMS INPUT BY THE USER AND THE YIELD CURVE DISPLAYED IN THE CALCULATOR OUTPUT. THE DISPLAYED YIELD CURVE IS NOT “LIVE” BUT IS UPDATED REGULARLY. THE CALCULATOR ASSUMES THAT THERE IS A SECURITY AVAILABLE FOR EVERY REQUIRED POST-DEFEASANCE PAYMENT. HOWEVER, THAT IS NOT ALWAYS THE CASE IN THE SECURITIES MARKET. THE ACTUAL COST TO PURCHASE THE SECURITIES CANNOT BE DETERMINED UNTIL THE DATE OF PURCHASE, IS SUBJECT TO ACTUAL MARKET CONDITIONS AND SECURITY AVAILABILITY AT THE TIME OF PURCHASE AND MAY BE HIGHER OR LOWER THAN ANY PREVIOUS, CONTEMPORANEOUS OR SUBSEQUENT ESTIMATE. TRANSACTION COSTS WILL VARY BASED ON THE LOAN SERVICER, THE COMPLEXITY OF THE TRANSACTION AND THE REQUESTED CLOSING DATE. PLEASE BE ADVISED THAT THE DEFEASANCE PROCESS DOES NOT OFFICIALLY BEGIN UNTIL THE SERVICER (AND IN SOME CASES, SERVICER’S LEGAL COUNSEL) HAS RECEIVED ITS REQUIRED DEPOSIT (IF ANY) ALONG WITH A WRITTEN NOTICE OF INTENT TO DEFEASE. PLEASE ALSO NOTE THAT THE BORROWER WILL NEED TO ENGAGE AN ATTORNEY TO REPRESENT IT IN THE DEFEASANCE TRANSACTION, INCLUDING THE TRANSFER OF THE DEFEASED LOAN TO A SUCCESSOR BORROWER ENTITY AND THE NEGOTIATION OF THE RELATED DOCUMENTATION. THE FEES CHARGED BY THE BORROWER’S ATTORNEY, BROKER, ACCOUNTANT, TITLE COMPANY AND OTHERS INVOLVED IN THE RELATED REAL ESTATE TRANSACTION ARE NOT INCLUDED IN OUR ESTIMATES OF TRANSACTION COSTS.

Quick Quote Yield Maintenance Calculator

OUR QUICK QUOTE YIELD MAINTENANCE CALCULATOR ASSUMES THAT THE ACTUAL YIELD MAINTENANCE PROVISION IN YOUR LOAN DOCUMENTS EXACTLY MATCHES A THEORETICAL MODEL YIELD MAINTENANCE PROVISION WHICH CALCULATES THE REQUIRED PAY-OFF AMOUNT BASED UPON THE AMOUNT OF MONEY THE LENDER WOULD NEED TO INVEST IN UNITED STATES TREASURY OBLIGATIONS TO REPLICATE ITS EXPECTED RETURN. SUBTLE DIFFERENCES BETWEEN YOUR ACTUAL YIELD MAINTENANCE LANGUAGE AND THE THEORETICAL MODEL YIELD MAINTENANCE LANGUAGE CAN RESULT IN DIFFERENCES (SOMETIMES SIGNIFICANT) BETWEEN OUR CALCULATOR’S OUTPUT AND THE ACTUAL PAY-OFF AMOUNT AS CALCULATED BY YOUR LENDER.

THE INFORMATION, TOOLS AND MATERIALS PRESENTED IN THIS SITE ARE PROVIDED TO YOU FOR INFORMATIONAL PURPOSES ONLY AND ARE NOT TO BE USED AS OR CONSIDERED TO BE AN OFFER TO SELL OR SOLICITATION OF AN OFFER TO BUY SECURITIES OR OTHER FINANCIAL INSTRUMENTS, OR ANY ADVICE OR RECOMMENDATION WITH RESPECT TO SUCH SECURITIES OR OTHER FINANCIAL INSTRUMENTS. WE ARE NOT SECURITIES BROKER-DEALERS, ACCOUNTANTS OR ATTORNEYS. COMMERCIAL DEFEASANCE AND ITS AFFILIATES ARE INDEPENDENT CONTRACTORS AND ARE NOT, AND SHOULD NOT BE CONSIDERED TO BE, IN A FIDUCIARY OR PARTNER RELATIONSHIP WITH THE BORROWER OR ANY OTHER PERSON OR ENTITY WHETHER OR NOT THE BORROWER ENGAGES COMMERCIAL DEFEASANCE OR ANY AFFILIATE TO PROVIDE SERVICES.

INFORMATION AND OPINIONS PRESENTED IN THIS WEBSITE HAVE BEEN OBTAINED OR DERIVED FROM SOURCES BELIEVED BY COMMERCIAL DEFEASANCE, LLC TO BE RELIABLE, BUT COMMERCIAL DEFEASANCE, LLC MAKES NO REPRESENTATION AS TO THEIR ACCURACY OR COMPLETENESS. COMMERCIAL DEFEASANCE, LLC ACCEPTS NO LIABILITY FOR ANY LOSS ARISING FROM THE USE OF THE MATERIAL PRESENTED IN THIS SITE AND SPECIFICALLY DISCLAIMS ANY AND ALL WARRANTIES WHETHER EXPRESS OR IMPLIED.

THE YIELD MAINTENANCE ESTIMATE GENERATED BY OUR CALCULATOR IS BASED ON THE LOAN TERMS INPUT BY THE USER AND THE YIELD CURVE DISPLAYED IN THE CALCULATOR OUTPUT. THE DISPLAYED YIELD CURVE IS NOT “LIVE” BUT IS UPDATED REGULARLY.

If you would like us to estimate your pay-off amount based upon our analysis of your actual loan documents, we offer a menu of services at reasonable fees that compensate us for our time and expertise.

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THE LOAN LOOKUP FUNCTION IS POWERED BY DATA PROVIDED BY MOODYS ANALYTICS AND ACCURACY OF THE DATA CANNOT BE RELIED UPON OR VERIFIED UNTIL AN INTERNAL REVIEW OF THE LOAN DOCUMENTS IS PERFORMED.

This site's content may not be reproduced in whole or in part or otherwise made available to third parties without the prior written consent of Commercial Defeasance, LLC. Information and opinions presented in this website have been obtained or derived from sources believed by Commercial Defeasance, LLC to be reliable, but Commercial Defeasance, LLC makes no representation as to their accuracy or completeness. Commercial Defeasance, LLC accepts no liability for any loss arising from the use of the material presented in this site and specifically disclaims any and all warranties whether express or implied.

Defease With Ease® is a registered service mark of Commercial Defeasance, LLC. Unauthorized use is strictly prohibited.