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Since April 2000 the Defeasance Team at Chatham Financial has focused on bringing efficiency and transparency to the defeasance process by introducing several market changing programs:
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THE FIRST TO PAY
- We were the first defeasance advisor to disclose and offer to return a portion of the residual value of the Successor Borrower account. To date the Defeasance Team has pledged to return over $30 million to our clients. Your defeasance could have tens or hundreds of thousands of dollars of residual value.
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THE FIRST TO PAY AT CLOSING
- In 2006 we became the first to offer present value payment of the expected Successor Borrower float at the closing of the defeasance. Since then many borrowers have taken advantage of the opportunity to receive cash at closing.
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THE FIRST TO BRING DERIVATIVES EXPERTISE
- The Defeasance Team is able to draw upon on Chatham's 17-year history of advising clients on interest rate risk management to develop and implement strategies that protect the cost of your portfolio.
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