Economic Overview: As of August 2023 YTD, the economy continued to grow, although the pace has clearly slowed. Still, real GDP growth is positive; changes in nonfarm payrolls remain above trend rates; unemployment rates remain near the lowest levels since the 1960s; and consumers are becoming a bit more optimistic. As per Goldman Sachs. The […]
Waterstone Defeasance recently closed a defeasance transaction on a $7.8 million FreddieMac loan, secured by a multifamily property in Merced, CA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Apartment financing continues to drive the defeasance market, with lower cap rates despite higher interest rates, owners are […]
Waterstone Defeasance recently closed a defeasance transaction for a $3.9 million CMBS loan, secured by a retail property in Richmond, VA. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail properties […]
Economic Overview: US annual inflation slowed to 3% last month, according to the latest Consumer Price Index released Wednesday (July 12th) by the Bureau of Labor Statistics, that is a sharp cooldown from June of last year, when surging energy costs helped inflation spike to 9.1% Inflation, as measured by the CPI, has now eased […]
Waterstone Defeasance recently closed a defeasance transaction for a $5 million CMBS loan, secured by an office property located in Carlisle, PA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Waterstone continues to deliver a high level of expertise for our clients, office properties continue to see […]
Waterstone Defeasance recently closed a defeasance transaction for a $6.4 million CMBS loan, secured by an office property located in Carlisle, PA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Waterstone continues to deliver a high level of expertise for our clients, office properties continue to see […]
Waterstone Defeasance recently closed on a defeasance transaction for a $3.9 Million CMBS loan, secured by a self-storage property located in Abingdon, MD. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Waterstone continues to deliver a high level of expertise for our clients, self-storage properties continue to […]
Waterstone Defeasance recently closed on a defeasance transaction for a $30.1 Million CMBS loan, secured by a self-storage property located in Boca Raton, FL. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Waterstone continues to deliver a high level of expertise for our clients, self-storage properties continue […]
Waterstone Defeasance recently closed a defeasance transaction for a $4.2 million CMBS loan, secured by a retail property in Overland Park, KS. Waterstone guided the owners through the defeasance process coinciding with the owners’ sale of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail […]
Waterstone Defeasance recently closed on a defeasance transaction for a $4.8 Million CMBS loan, secured by a self-storage property located in Alpine, CA. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Waterstone continues to deliver a high level of expertise for our clients, self-storage properties continue to […]