New York (PRWEB) December 22, 2007
Waterstone Capital Advisors, LLC, a CMBS defeasance consulting firm, officially opened its New York City office on December 1, 2007.
"Our transparent approach to the industry and NPV sharing with our borrowers has resulted in accelerated growth for Waterstone," said John Church, a principal at the firm.
The new office, on 38th Street and Madison Avenue, is the second location for Waterstone Capital Advisors, which is headquartered in Charlotte, North Carolina.
"Our goal has always been to provide excellent customer service, while guiding our clients through all aspects of the defeasance transaction," Church said. "Our New York location will provide our clients expanded access to our defeasance team as we continue to broaden our products and services."
The new office is centrally located at 260 Madison Avenue, New York, NY 10016.
What is Defeasance?
Defeasance allows borrowers to sell or refinance a property with CMBS (conduit) debt. This process releases the mortgage from the loan and allows the borrower to close the related sale or refinance transaction.
To date, Waterstone Capital Advisors has paid over $1,000,000 to its various defeasance clients at closing, and has committed to return in excess of $5,000,000 to others clients at maturity of the loans.
For more information or a free defeasance quote, please visit http://www.waterstonecap.com or call 877-845-4564.
About Waterstone Capital Advisors, LLC
Since its founding in 2004, Waterstone Capital Advisors has taken a transparent approach to the CMBS defeasance process by being the first to inform the industry of the hidden value in a defeasance transaction. The defeasance consultant, or its affiliate, can be the beneficiary of substantial income after a defeasance transaction has closed. Waterstone Capital Advisors discloses this additional revenue opportunity to our clients, and shares this value with them at closing of the defeasance, or at maturity of the loan.
# # #