AST Defeasance expands team in preparation for year-end closings.
Los Angeles, CA (PRWEB) November 19, 2013
AST Defeasance Services, LLC is proud to announce that they have hired additional staff and expanded their hours of operation in preparation for the expected uptick in year-end closings. AST, the premier defeasance consultant and Successor Borrower in the U.S., has seen a substantial increase in borrowers interested in defeasing their loans before year-end, presumably to hedge against rising interest rates and take advantage of current tax rates. Having processed substantially more defeasance transactions since October 1 than during previous years, AST is expecting an influx of transactions requiring expediting to close by year-end, and has prepared by hiring additional experienced staff to ensure that all its clients receive the same comprehensive and accurate defeasance services they’ve come to expect.
Defeasance has often been particularly advantageous at year-end for many borrowers, serving as an ideal time to refinance or sell commercial properties. AST has been recognized as providing the lowest cost defeasances possible, as well as the most responsive services, often returning estimates within minutes of their request. With the holiday season just around the corner, the experts at AST Defeasance are well-prepared to accelerate the defeasance process to ensure that their clients’ needs are met.
About AST Defeasance: AST Defeasance is an industry leader in the defeasance of commercial real estate loans. Since closing its first defeasance in 2006, AST Defeasance has consistently remained the first choice of both borrowers and lenders looking for the highest quality and lowest cost defeasance consultants. AST has maintained a perfect track record, closing 100% of deals for which it was retained, including more than 500 defeasances with balances totaling more than $3 billion. For more information on AST Defeasance or defeasance in general, visit our website at http://www.astdefeasance.com or contact us at (866)-DEFEASE.