Non-recourse debt is a type of loan that is secured by collateral, which is usually property. lenders charge higher interest rates on non-recourse debt to compensate for the elevated risk (i.e.,
Since 1997, Apartment Loan Store has specialized in non-recourse commercial lending and non-recourse construction loan financing nationally. We have non-recourse loans available in your market. Call us to discuss which non-recourse loan program is right for your development.
Non-recourse commercial loans get the most receptive response when a single-purpose owning entity like a partnership, a trust, a corporation, an LLC, a Delaware Corporation, an estate, or a foreign national is under focus.
Coming off of a strong year in 2018, the outlook for commercial real estate financing in 2019 remains. family offices and even insurance companies offering non-recourse construction and bridge.
The essential difference between a recourse and non-recourse loan has to do with which assets a lender can claim against if a borrower fails to repay a loan. Many loans are taken out with some.