Interest Rate Uncertainty Drives Defeasance Option
ATLANTA—With uncertainty surrounding interest rates, many borrowers—especially those with only a year or two remaining on their loans—are finding paying the defeasance premium a more viable option. Defeasance allows the borrower the flexibility to refinance, sell or reposition a property in instances where prepaying the loan is not allowed.
STAMFORD, CT—The founder of Land and Buildings, which owns 6.1% of the hotel REIT’s stock, voiced his concerns in a letter made public on Monday.
NEW YORK CITY—Arie Barendrecht, founder of the company behind a certification system for commercial buildings’ Internet connectivity, cites committee members’ “board base of industry knowledge.”
Despite the reports in the press about dysfunction at the White House, and other reports that various major legislation is hung up in Congress, don’t…
CHICAGO—Local experts say many businesses that would benefit from participating in the program never even look into it, largely because they incorrectly assume their projects are not in what the US considers a distressed community.