$50
Billion+
Paragon principals' experience in securitized loan transactions involving defeasance
Paragon Loan Advisors
Defeasance is not the deal. It's the step that makes the deal possible.
When you are closing a sale, executing a refinance, or repositioning a portfolio, defeasance is often the final requirement standing between you and the transaction you actually care about. Paragon manages those moving parts so you can stay focused on the transaction itself.
About Paragon
Paragon is the only independent defeasance consultant recommended by two of the nation's four largest CMBS servicers
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5,000+
Defeasance transactions completed
3 Weeks
Average closing time for defeasance transactions
What makes us different
The Paragon difference
We know what servicers need before they ask for it.
Our team has worked inside major CMBS servicer organizations. We know what each servicer requires, what they’ll question, and what “complete” means to the team approving the file.
Every deal is built to preempt problems, not react to them.
We map the servicer’s requirements against your closing date before the process begins. The result is fewer last-minute requests and surprises when timing matters most.
We bring senior-led execution to every transaction.
You work directly with experienced professionals who have personally closed defeasance transactions, not with associates relaying messages.
Our Services
Services for every stage
Paragon's services are tailored to the needs borrowers face during defeasance
1. Defeasance Advisory
Complimentary review of your loan documents, timing constraints, and transaction objectives before you commit to a course of action.
2. Defeasance Execution
Active transaction management, including structuring the securities portfolio, coordinating across multiple stakeholders, and managing the process from servicer review through closing.
3. Legal Coordination
When borrower-side defeasance counsel is needed, we connect you with attorneys who specialize in this work.
Our process
A process built backward from your closing date
Every defeasance follows a sequence. The challenge is that the timing is driven by a transaction with its own closing deadline.
Paragon works backward from that date. Servicer requirements, securities structuring, documentation, and approvals are addressed before they become urgent. By the time a request arrives, the work behind it is already done.
Calculator
Estimate defeasance cost
Paragon's calculator pulls your loan data from Trepp's market-leading commercial real estate loan database so you can weigh the cost of defeasance or prepayment against the economics of your sale, refinance, or recapitalization.
Save your estimate, compare scenarios, and share results with your counsel or deal team through the Paragon portal.
Securities Cost$22,751,526
Loan Balance at Defeasance$22,564,320
Defeasance Penalty$187,206
Third-Party Fees$46,700
Closing Date
Rates As Of
Reputation
Recommended by the professionals
The specialists responsible for reviewing defeasance transactions at many of the nation's largest CMBS servicer organizations regularly recommend Paragon because our transactions arrive complete, organized, and ready for review.
Trusted by
Over the past five years, RP Management has done 10 defeasance transactions with Paragon. Working with Paragon was a great experience from start to finish. Kevin was organized, answered our questions, addressed our concerns, and kept us informed along the way. We will use Paragon for our future defeasances due to them providing us with confidence for a smooth transaction and peace of mind that each transaction will close as promised. I highly recommend Paragon to anyone seeking a trusted defeasance advisor.
Jonathan H. Chattley
CPA, CFO, RP Management, Inc.