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Often, defeasance is the only mechanism borrowers can use to release property from a securitized mortgage lien. The process allows borrowers to purchase a portfolio of securities to serve as a substitute for the property collateral identified at loan origination. But borrowers who pay attention to defeasance provisions and negotiate favorable terms at the onset of loan origination can avoid additional costs related to this sometime arduous process.
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Salt Lake-based Extra Space Storage Inc. on Monday reported a net loss of $5 million for the quarter ended Sept. 30. That compares with a net loss of $3.8 million for the prior-year quarter.
The company said the increase was primarily due to additional amortization expense related to customer relationship intangibles on 62 properties that were purchased in 2004 and defeasance costs of $2.7 million.
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... . . 401 . Computer Software Costs . . . 402 . Legal Expenses . . . 403 . Lea... . . 622 . In-Substance Defeasance . . . 623 . Satellite or Cable Television Serv...
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... estate professionals to estimate defeasance costs for any loan instantly on their iPhone, iTouch or ...
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... of its bonded debt resulted in a "defeasance" loss for accounting purposes, respondent health c...for proper determination of costs," and that "[sJtandardized definitions, accounting...
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... primarily from lower debt extinguishment costs in the fourth quarter of 2010, due to the company'...EQR 25% share of unconsolidated defeasance costs. (loss from investments in unconsolidated en...
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... On appeal, Appellants argue that the Defeasance Amount is an unenforceable penalty, and that the d... include an amount sufficient to pay all costs, charges and expenses incurred or to be incurred i...
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... issuance, servicing, underwriting, or other costs as may be incurred under paragraph (g) of this sec... of this section, or to the purchase or defeasance of such debt obligations, in accordance with the t...
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To: BUSINESS EDITORS
Contact: Investor Contact: Swarup Katuri, +1-216-797-8743, Media Contact: Kimberly Kanary, +1-216-797-8718
... $0.03 per common share for a refund of defeasance costs on certain previously defeased loans. FFO as...
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... for assistance in estimating defeasance costs. If a 2nd half rush comes to fruition, those that ...