Thursday, October 11, 2007

Something different - commercial loans, defeasance

I get a variety of e-mails. Some are outright spam and some come close. I almost put an e-mail from

My practice does not specifically include commercial real estate. Which may be why I found the site so interesting - the strangeness of it all.

I also liked how the site provides a definition of defeasance and an overview of the process. Okay, the language could be a bit more simpler for those of us not so familiar with the process.

If a business has secured commercial debt (like a mortgage) and is looking to prepay the debt, you need to be looking at this site.