Every borrower looking to refinance an existing commercial real estate loan or sell a property encumbered by one needs to consider how to release its existing financing. Commercial loan documents ...

A defeasance clause in real estate is a provision in loan agreements that defines how a borrower can satisfy the lender's requirements in order to release their lien on the property. This clause can ...

New legislation permitting conventional mortgage borrowers to use defeasance as a payoff option instead making a due-on-sale payoff must recognize and address several tax issues. Taxes are complicated ...