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Defeasance
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==Defeasance of Commercial Mortgage Loans==
===Defeasance of a Securitized Commercial Mortgage Loan===
'''Defeasance''' of a securitized commercial mortgage is a process in commercial [[real estate]] finance by which a [[borrower]] substitutes other income-producing collateral for a piece of real property to facilitate the removal (defeat) of an existing lien (entailment of the property) without paying-off (through a transfer of liquid assets) of the existing n(contracted; show full)s in the best interest of the original borrower. In contrast, the successor borrower benefits from a less efficient portfolio which generates a greater amount of residual value. The defeasance consultant can have an impact on both the creation of the portfolio and benefit from the end result. Knowing how the process works, the correct questions to ask, and the potential conflicts that may exist will allow the borrower to select a defeasance consultant that best suits their needs.

==References==
*{{1911}}

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*[http://www.defeasancegroup.com Defeasance Group ]
*[http://www.astdefeasance.com AST Defeasance Services ]
*[http://www.defeasancemanagement.com Defeasance Management ]
*[http://www.defeasewithease.com Commercial Defeasance "Defease With Ease" ]
*[http://www.chathamdefeasance.com Chatham Financial ]

[[Category:Legal terms]]
[[Category:Property law]]

[[fr:Défaisance]]