What does loan defeasance mean?
What does loan defeasance mean? Defeasance, as its name suggests, is a method for reducing the fees required when a borrower decides to prepay a fixed-rate commercial real estate loan. Instead of paying cash to the lender, the defeasance option allows the borrower to exchange another cash-flowing asset for the original collateral on the loan. … Continue reading What does loan defeasance mean?
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