How long does is take to defease my loan?
Loan provisions generally require that you give your servicer 30 to 60 days written notice prior to the date of your intent to defease. While some loans have been known to be defeased within a week or two our more typical planning is usually 30-45 days. DefeaseIt has partners in the transaction including accountants and securities dealers are capable of moving extremely quickly to facilitate your transaction. However, we do rely on other outside parties including the servicer an sometimes rating agencies which may require additional time.
