Defeasance Team at Chatham Financial

Defeasance Estimate

Loan Type
Interest Only Amortizing Combination
Property Name
Loan Servicer
Original Principal *
Coupon/Interest Rate of Note(%) *
Interest Rate Calculation * Interest is normally calculated on the basis of a 360 day year. Your loan document will determine how the days are counted in each period: "30/360" - assumes 30 - day months, "Actual/360" - uses the actual number of days in the month.
Amortization (months) *
Date of First Full Payment *
End of Interest-Only Period * For an amortizing loan with an interest only stub period, this is the date of the last interest only payment. Amortization will commence with the subsequent payment.
Balloon Date * The earliest date on which you can repay the loan, also sometimes referred to in loan documents as the Anticipated or Optional Repayment Date.
Intended Defeasance Date * The date on which you intend to defease the loan; usually timed to happen simultaneously with a property sale or refinance transaction.
Yield Curve Shock (bps) We assume that rates on the defeasance date will be the same as those today. We also assume that the shape of the yield curve will remain the same. To adjust your estimate based on your expectations of market changes, please enter a value in basis points (1/100ths of a percent) to perform a parallel shift of the yield curve.
Please Note: While rising rates will increase the cost of a future financing, they will reduce the cost of your defeasance collateral. Call us with questions on hedging your new financing.
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Estimating the Cost of your Defeasance Please enter your economic data and click Calculate to receive your estimates.

Accuracy
Chatham values transparency and strives to provide the best pricing and service. In addition to updating the underlying treasury rates every half hour, the fees found on our calculator reflect the current pricing schedules from the many third parties, including servicers, accountants and securities intermediaries. As a result, you will have an accurate estimate by using this page.

Regardless of how accurate and easy it is to use our automated calculator, we encourage you to contact our Defeasance Team at 484.731.0246 for a detailed analysis of your prepayment or defeasance costs.

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