We provide a central hub for the defeasance so that the status of all legal documents is clear and part of a managed process.
We are happy to provide a draft defeasance checklist to our borrower client and borrower’s counsel to begin preparations for the defeasance’s legal requirements. We clarify timing for longer lead time items to ensure that the defeasance requirements do not delay our client’s underlying sale or refinancing transaction. We also serve as a resource for all questions about the defeasance process, particularly for attorneys who may not have been involved in such a transaction before.
It is in everyone’s interest for a defeasance to run smoothly and close on time, and we are here to help all parties achieve this goal in any way we can.
