Marcus & Millichap has added Defease With Ease | Thirty Capital to its Preferred Partner Program, expanding the commercial real estate brokerage firm's resources for clients navigating debt management, interest rate hedging and loan prepayment requirements.
Announced Oct. 21, the partnership will give Marcus & Millichap clients and investment professionals access to specialized services designed to help evaluate financing options, manage transaction costs and interest rate risk, and execute debt strategies tied to property sales and refinancing.
Debt structures, prepayment provisions and hedging strategies can significantly affect the economics of commercial real estate transactions. Defease With Ease | Thirty Capital provides defeasance services, yield maintenance analysis and interest rate hedging solutions, including caps, swaps and collars. The firm also manages defeasance transactions from initial cost analysis through closing.
The company has more than 25 years of capital markets experience and has completed more than 12,000 defeasance and hedging transactions representing more than $150 billion in notional value.
“Debt considerations are increasingly important to investment strategy and transaction execution,” said Richard Matricaria, senior vice president and chief growth officer at Marcus & Millichap. He said the partnership will expand the resources available to clients and investment professionals managing complex debt requirements.
The relationship also complements the financing capabilities of Marcus & Millichap Capital Corp. and IPA Capital Markets, both led by Evan Denner, executive vice president and head of business for the firm's capital markets operations.
“Commercial real estate owners are navigating increasingly complex debt decisions where structure, timing and pricing can have a meaningful impact on investment outcomes,” said Mark Kurowski, managing director of Defease With Ease | Thirty Capital. The partnership will allow the firm to extend its market intelligence and execution capabilities to a broader group of investors, he said.
Matricaria and Kurowski
The Preferred Partner Program connects Marcus & Millichap clients and investment professionals with third-party providers whose specialized services complement the firm's investment sales, financing, research and advisory operations.
More information is available through the Marcus & Millichap Preferred Partner Program and Defease With Ease | Thirty Capital.