In the news

Commercial Defeasance, LLC (Defease With Ease®) just announced the simultaneous defeasance of $150 million of CMBS loans for a luxury resort in Miami, Florida owned by Loews Hotels. The defeasance, a substitution of government securities for the real estate collateral securing the loan, was structured as a New York-style defeasance and combined loans in three different securitizations into one transaction.

Defease With Ease facilitated a $66 million defeasance transaction that helped TMI Hospitality close a $93 million refinancing of 22 hospitality properties.

Defease With Ease, headquartered in Charlotte, North Carolina, recently facilitated a $160 million defeasance transaction for Hometown America Corporation in connection with the sale of ten properties located in Texas, Arizona and Colorado.

Commercial Defeasance, LLC recently facilitated the defeasance of 111 Eighth Avenue in Manhattan’s Chelsea neighborhood. An ownership group that includes Taconic Investment Partners sold this iconic building to Google, Inc. in what is being hailed as the largest single asset US real estate transaction of 2010.

Commercial Defeasance, LLC, announces the launch of iDefease, the first defeasance app. iDefease is a mobile calculator that allows commercial real estate professionals to estimate defeasance costs for any loan instantly on their iPhone, iTouch or iPad.

Commercial Defeasance, LLC recently facilitated a $19 million defeasance for Maple Avenue Limited Partnership allowing it to refinance the Maple Avenue Shopping Center in Vienna, VA.

Commercial Defeasance, LLC recently facilitated an $18.9 million defeasance for Wilkinson Real Estate Partners who refinanced three Greenville, South Carolina properties for $23,000,000.

Commercial Defeasance, LLC recently facilitated a $6.3 million defeasance transaction for Balestra Capital Ltd., a hedge fund company based in New York. The transaction allowed the company to sell The Groves, a 441 unit manufactured housing property, for $13.5 million.

Commercial Defeasance, LLC, the industry leader in commercial real estate defeasance, recently launched a new website at www.defeasewithease.com. The popular Quick Quote calculator received enhancements and remains the focal point of the site.

Jon Davis, a Defeasance Manager at Commercial Defeasance, LLC has been appointed to the Commercial Mortgage Securities Association (CMSA) Canadian Defeasance Task Force.

Commercial Defeasance, LLC recently facilitated a $29.3 million defeasance transaction on a premier high rise office building in Beverly Hills, CA. A defeasance usually takes 30- 45 days to complete, but this transaction was completed in five days including rating agency review.

Commercial Defeasance, LLC recently facilitated a $13.5 million defeasance transaction on four properties in six days. A defeasance usually takes 30 to 45 days to complete.

Commercial Defeasance, LLC, recently facilitated a $63,100,000 defeasance transaction for ScanlanKemperBard Companies, a private equity firm, based in Portland, OR. The defeasance enabled ScanlanKemperBard to sell three of their Portland properties.

Commercial Defeasance, LLC recently facilitated a $21,800,000 multi- property defeasance transaction for HVM Management Company, Inc. based in Greensboro, North Carolina. The defeasance included five loans secured by multifamily properties located in North Carolina and South Carolina.

Commercial Defeasance, LLC recently facilitated a $28,400,000 multi-property Canadian defeasance transaction for Concert Real Estate Corporation, a real estate development and ownership company based in Vancouver, British Columbia.

Commercial Defeasance, LLC officially opened a new office in New York City on August 30, 2007. After ten years with GE Capital Corporation, most recently as a Project Manager in the Capital Markets Group, John Ahern has joined Commercial Defeasance as a VP of Sales and will manage the New York office.

Commercial Defeasance will officially open a new office in Los Angeles on April 2, 2007. Matt Rothman, VP of Sales, will manage the new office. This will be the second location for Commercial Defeasance, which is headquartered in Charlotte, North Carolina.