Experts in public finance verification services
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our services
Cash Flow and Yield Verification
Commercial Mortgage Loan Defeasance
Commercial Mortgage Loan Defeasance
Bond refunding verification engagements involve the refinancing of municipal bonds primarily for purposes of debt service savings and/or restructuring.
Bond refundings are most commonly used by state and local governments to achieve savings on interest costs. Refunding bonds can also be issued to remove or revise burdensome bond covenants
Bond refunding verification engagements involve the refinancing of municipal bonds primarily for purposes of debt service savings and/or restructuring.
Bond refundings are most commonly used by state and local governments to achieve savings on interest costs. Refunding bonds can also be issued to remove or revise burdensome bond covenants or to restructure debt service payments, although less frequently.
We primarily provide bond refunding verification services to financial advisors and underwriters. Demand for bond refunding verification services is driven by variations in interest rates as well as the timing of maturities.
Commercial Mortgage Loan Defeasance
Commercial Mortgage Loan Defeasance
Commercial Mortgage Loan Defeasance
Commercial loan defeasance allows a borrower to replace real estate collateral securing a commercial mortgage loan with U.S. government securities through the scheduled maturity date or early prepayment date.
We provide loan defeasance verification services and deliver an engagement report supported by a customized transaction model. The
Commercial loan defeasance allows a borrower to replace real estate collateral securing a commercial mortgage loan with U.S. government securities through the scheduled maturity date or early prepayment date.
We provide loan defeasance verification services and deliver an engagement report supported by a customized transaction model. The reports are designed to give a clear picture of the financing transaction.
Within these engagements, our scope includes verifying the accuracy of the computations of the revenue stream of the defeasance collateral and the matching of the revenue stream with the debt service requirements of the defeased loan through the maturity date, the cash flow to confirm the revenue received in any month will be applied in a timely manner to scheduled debt payments and the interest income to the borrower will not exceed the interest expense associated with the defeased loan in any calendar or fiscal year.
Arbitrage Rebate Compliance
Commercial Mortgage Loan Defeasance
Arbitrage Rebate Compliance
A payment made by an issuer to the federal government in connection with an issue of tax-exempt or other federally tax-advantaged bonds. The payment represents the amount, if any, of arbitrage earnings on bond proceeds and certain other related funds, except for earnings that are not required to be rebated under limited exemptions provid
A payment made by an issuer to the federal government in connection with an issue of tax-exempt or other federally tax-advantaged bonds. The payment represents the amount, if any, of arbitrage earnings on bond proceeds and certain other related funds, except for earnings that are not required to be rebated under limited exemptions provided under the Internal Revenue Code.
An issuer generally is required to calculate, once every five years during the life of its bonds, whether or not an arbitrage rebate payment must be made.