LIBOR is going away beginning June 30, 2023. The transition from LIBOR to SOFR requires commercial real estate (CRE) borrowers and lenders to understand their new replacement index and the potential effects the LIBOR cessation may have on their loans or interest rate hedges. To prepare for the transition, borrowers should take inventory of their […]
The decision to defease a loan can depend on several factors, like near term maturity dates or volatile market interest rates. Download this checklist to help you determine whether the right time to defease your loan is now.
Kevin Swill is the CEO of Thirty Capital Financial, a CRE debt advisory firm and pioneer in the defeasance space. Swill entered the investment banking field in 1987 in debt restructuring at Citigroup and was instrumental in the first wave of CMBS originations in 1994 at Merrill Lynch. In 2001, Swill took the role of […]
We sent the Thirty Capital Financial team to Los Angeles to attend the 2022 GlobeSt. Multifamily Conference. There was no shortage of insights shared during both the educational sessions and in casual conversations amongst attendees. Our team is always excited to meet industry peers, reconnect with clients face-to-face, and gain new industry knowledge. And at […]
The defeasance process is complex. There are numerous steps and multiple parties involved that must align for a successful closing. For borrower’s, it’s important to note that the defeasance process and timelines can differ depending on the third-party provider you select. As you prepare to defease your loan, you may wonder what Thirty Capital Financial’s […]
Defeasance consulting is a specialized service and relationship that lasts beyond the closing of the defeasance transaction. An experienced defeasance consultant who is also knowledgeable about portfolio structuring and pricing is important for a successful defeasance closing. Use this infographic to avoid falling victim to 4 of the common defeasance myths some providers may boast.
For over a decade, the Commercial Real Estate market benefited from an unprecedented cycle of historically low interest rates and a normal upward sloping treasury yield curve. This led to ultra-low financing rates but also expensive early exit defeasance scenarios. The interest rate landscape has shifted radically in recent months, making deal structuring and overall […]
The right defeasance consultant is key in helping borrowers navigate the complex process of defeasing a commercial mortgage loan. An effective consultant can assist with navigating the financial and legal aspects of the transaction and act as a liaison between the borrower and its Servicer. But how do you ensure you choose the best provider? […]
Springing interest rate caps require commercial real estate (CRE) borrowers to purchase an interest rate cap once the floating-rate index on a loan reaches or exceeds a certain value. Typically, the loan documents will specify whether your loan is subject to a springing rate cap. If required, the springing rate cap must be purchased post-closing […]
Rising interest rates are at the core of many commercial real estate (CRE) conversations today. As the Fed prepares to meet again this month, there is speculation that interest rates will rise another 75 basis points. Until the Fed discontinues its increase in the treasury, there will continue to be discussion around the ongoing impacts […]
Thirty Capital Financial, a division of Thirty Capital.
