Fixed-rate non-recourse loan for the take-out of construction loan for office building
Multi-tenant Office Building
Life Insurance Company
Ft. Lauderdale, Florida
Refinancing of a Recourse Construction Loan with a Non-recourse Permanent Loan
Steve Mench arranged the refinancing of the owner’s construction loan with a fixed-rate non-recourse permanent loan. This enabled the developers to decrease their contingent liabilities and develop more property.