[WSBARP] Defeasance

[Robert Ordal]

Anne Lawler.  The best.

Anne DeVoe Lawler
Jameson Babbitt Stites & Lombard PLLC
801 Second Avenue, Suite 1000
Seattle, WA 98104
206-292-1994
206-516-3204(direct dial)
206-719-7687(cell)
206-292-1995(fax)


From: wsbarp-bounces at lists.wsbarppt.com [mailto:wsbarp-bounces at lists.wsbarppt.com] On Behalf Of Gregory L. Gilday
Sent: Thursday, August 11, 2016 3:24 PM
To: WSBA RPPT Real Property Discussion Forum <wsbarp at lists.wsbarppt.com>
Subject: [WSBARP] Defeasance

I have a client who is selling a building in Seattle that has a securitized loan on it.  When she contacted her bank to inquire about a early payoff penalty, she was told she was still in the defeasance period so couldn't pay it off.   When she received the list of associated fees with the defeasance (including a defeasance premium)....well, let's just say it got her attention.

I know enough to know that I don't know enough about this area to assist her in this matter.  Does anyone have a name I can pass on to her of someone she could sit down and chat with?  Client is in Seattle.

--

Very Truly Yours,
Gregory L. Gilday
Law Office of Cole & Gilday, P.C.

10101 - 270th St. NW
P.O. Box 249
Stanwood, WA 98292
(360) 629-2900 (Telephone)
(360) 629-0220 (Fax)

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