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.

Jackie Bowie visited Bloomberg Surveillance's New York studio on the morning of the Bank of England's November decision, comparing U.K. economic sentiment and inflation with the U.S.

On Thursday, November 7, 2024, the Federal Open Market Committee (FOMC) unanimously decided to cut the fed funds rate a quarter point (25 basis points) following the prior 50-basis-point cut made at the previous September meeting. The fed funds rate now sits in the range of 4.50%–4.75%. While the...

The Bank of England (BoE) cut its bank rate by 25 basis points to 4.75% today, with an 8–1 vote in favor of the rate cut, bringing interest rates to their lowest point since early 2023. The BoE’s Monetary Policy Committee (MPC) struck a cautious tone, saying it will ensure that rates remain...

Chatham Financial advised Tishman Speyer in their execution of the defeasance of a CMBS loan for their landmark asset, Rockefeller Center.

Join our expert panel as we explore the key priorities and trends shaping the capital markets. We’ll discuss the evolving financial markets landscape and the potential impact on 2025 strategies. With an interactive Q&A format, you’ll gain a variety of perspectives into the critical factors...