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Cary Street Partners Announces the Sale of Commercial Defeasance, LLC
February 12, 2006 - Cary Street Partners served as the exclusive financial advisor for Commercial Defeasance, LLC in connection with its sale to Summit Partners. Commercial Defeasance, based in Charlotte, North Carolina, is the dominant player in the rapidly growing and highly profitable market for facilitating the defeasance of individual loans in commercial mortgage-backed securities (“CMBS”) pools. Terms of the deal were not disclosed
Headquartered in Charlotte, North Carolina, Commercial Defeasance, LLC is a professional structured finance company that provides a single source for cost effective and efficient defeasances by managing the entire defeasance process.
Cary Street Partners Holdings, LLC is a limited liability holding company that owns 100% of Cary Street Partners LLC, a registered broker-dealer and Member of FINRA/SIPC, and 100% of Cary Street Partners Investment Advisory LLC, a federally registered investment advisor. Cary Street Partners is the trade name used by two separate, registered firms providing securities brokerage, insurance and investment advisory services. Products may not be available in all jurisdictions.
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