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Commercial mortgage backed securities (CMBS) mortgages are structured as nonrecourse loans, which means the: lender cannot litigate the loan. the lender can only look to

Commercial mortgage backed securities (CMBS) mortgages are structured as nonrecourse loans, which means the:

lender cannot litigate the loan.

the lender can only look to cash flows as a means to repay the loan.

borrower cannot be forced into bankruptcy.

lender can only look to the collateral as a means to repay a delinquent loan

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