Mike Preston was able to secure non-recourse refinance proceeds for a repeat, premier client on a 12 story office tower in the heart of the Boise CBD. With Mike’s help, the client was able to defease an existing conduit loan, cash-out considerable proceeds to be able to be used towards other development opportunities and secure long-term financing with a correspondent life insurance company. Most notably, the new loan has a very favorable prepayment structure, providing the client with ultimate flexibility regarding their future needs.
