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Waterstone Defeasance, LLC Facilitates Defeasance of 3 CMBS Loans Refinanced by Bonneville Mortgage Company

Waterstone Defeasance facilitated the closing of a 3 loan self-storage portfolio totaling $4 million located in Utah. Waterstone worked on behalf of Towne Storage, a leading self-storage operator based in Salt Lake City, UT, to defease a CMBS loan portfolio. Dustin Jackson, a loan officer and Vice President of Production with Bonneville Mortgage Company, helped the borrower obtain refinancing on the loans with the help of Waterstone Defeasance, who was hired to defease the existing conduit loans in order to obtain a release of the mortgages.