Defeasance Holding Company provides unparalleled service and top value for your successor borrower rights. We offer flexible payment options, transparent calculations and access to the top experts in the defeasance industry. DHC has provided successor borrower services to originators, borrowers and servicers for over 20 years.
DHC provides a dedicated point of contact for all your successor borrower needs. Partnering with DHC alleviates the administrative burden of responding to individual defeasance requests. We coordinate directly with the CMBS servicer and can loop you in as much or as little as you like. We also provide personalized loan tracking, reliable residual calculations and timely payments for each of your loans.
You can rest assured that our successor borrower deliverables will be provided to servicer counsel in a timely and professional manner. Our documentation has been reviewed and approved by all relevant parties in the CMBS defeasance industry, including servicers, rating agencies and intermediary parties. After a defeasance closes, DHC provides ongoing entity and portfolio maintenance through each assumed loan’s maturity date. Even better, we don’t deduct our ongoing maintenance costs from your share of the residual value.
For many of our clients, a prepayment right survives after the defeasance closes. We help monetize this prepayment value and have returned over $68 Million Dollars to our clients through residual payments. Using proprietary cash flow modeling we estimate future residual value under a variety of market circumstances and then let our client decide if they want a payment now or later. We take great pride in our accuracy and transparency and provide backup documentation for every payment.
