In response to overwhelming demand from our clients, Medalist Capital formed a joint venture with Pensford Financial (pensfordfinancial.com) to assist clients with defeasance transactions. The Medalist Defeasance team is comprised of experienced specialists who have completed more than 1,000 defeasance transactions totaling more than $10 billion. Services include:
- Structuring the defeasance portfolio using extremely sophisticated software.
- Purchasing securities via a competitive bidding process for the securities portfolio.
- Residual and float: We provide transparency around the residual value generated from the defeasance process and return a portion of the savings to our clients.
- Establishing the Successor Borrower entity, which assumes the liability for all financial obligations of the loan.
For a more complete explanation of the defeasance process, our capabilities and contact information, please visit the Medalist Defeasance website at www.medalistdefeasance.com.