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CALABASAS HILLS, CA-ARCS Commercial Mortgage has entered into astrategic alliance with Commercial Defeasance LLC that will enableARCS to provide in-house defeasance expertise for its customers.David Levine, an SVP with ARCS in San Francisco, tells GlobeSt.comthat the new arrangement is designed to smooth the way for thegrowing number of ARCS customers who want to prepay loans but facedefeasance on those loans.
ARCS customers will have access to the services of CommercialDefeasance at a discounted fee, Levine notes. “We've beeninvolved in a growing number of transactions that need defeasance,and we were looking for a way to provide our customers with somein-house expertise to make the defeasance process as smooth aspossible for them,” Levine tells GlobeSt.com.
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