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.

On December 19, Jackie Bowie spoke on Bloomberg's Daybreak Europe and the BBC's Business Today about the Bank of England's Monetary Policy Committee's final meeting of 2024.

The Bank of England (BoE) held interest rates at 4.75% in its final policy meeting of the year, as it tries to navigate the dual challenge of stubborn inflation and stagnating economic growth. The Bank’s decision followed the release of U.K. inflation and wage growth data that suggests price...

On Wednesday, December 18, 2024, the Federal Open Market Committee (FOMC) voted 11 to 1 to decrease the fed funds rate to a target range of 4.25%–4.50%. This marks 100 basis points of interest rate cuts since the FOMC began adjusting the target range at the September 2024 meeting. Beth Hammack,...

Last week’s releases of productivity and costs, CPI, PPI, and import/export prices marked the final inflation reports the Fed will consider before their Federal Open Market Committee (FOMC) meeting on Wednesday. Similar to the November jobs report, depending on how you view the report data, there...

Several key reports were released last week related to the employment situation in the U.S. Investors are keenly focused on jobs data since the Fed shifted its stance late last year, stating that it was time to lower rates as risks were balanced, and there were signs that the labor market was...