Economic Overview: The Federal Reserve held rates steady in June, keeping the benchmark funds rate at a range of 5% to 5.25%. Fed Chairman Jerome Powell said he doesn’t see a rate cut until inflation comes down meaningfully and significantly, and that can take a couple of years. Over the past several weeks markets have […]
Waterstone Defeasance recently closed a defeasance transaction for a $4.8 million CMBS loan, secured by a retail property in Detroit, MI. 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 […]
Waterstone Defeasance recently closed on a defeasance transaction for a $8.5 Million CMBS loan, secured by a self-storage property located in Homeland, 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 […]
Waterstone Defeasance recently closed on a defeasance transaction for a $3.5 Million CMBS loan, secured by a self-storage property located in Schertz, TX. 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 […]
Waterstone Defeasance recently closed a defeasance transaction of an original $8 Million CMBS loan, secured by a Hotel in Traverse Tampa, FL. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their loan. “Waterstone continues to deliver a high level of expertise for our clients, hotel properties continue to be […]
Waterstone Defeasance recently closed a defeasance transaction on a $9 million FreddieMac loan, secured by a multifamily property in Austin, TX. 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 $5.8 million CMBS loan, secured by a retail property in Aubrey, TX. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their property. “Retail properties continue to trade during these challenging times, location, location, location. Owners continue to reposition retail properties […]
Economic Overview: The US economy has performed better than expected through the first part of the year, with 1Q GDP growth up an estimated 3.25%. This has largely been driven by consumer spending – which drives nearly two thirds of economic activity – amid a backdrop of rising wages, moderating inflation and $1.2 trillion of […]
Waterstone Defeasance recently closed on a defeasance transaction for a $5.7 Million CMBS loan, secured by a self-storage property located in Indian Harbour Beach, 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 […]
Waterstone Defeasance recently closed a defeasance transaction of an original $17.8 Million CMBS loan, secured by a Hotel in Traverse City, MI. Waterstone guided the owners through the defeasance process coinciding with the owners’ refinance of their loan. “Waterstone continues to deliver a high level of expertise for our clients, hotel properties continue to be […]