What is non-recourse financing?

		A loan structure where the lender cannot make a claim on the property financed.
		A financing where the lender looks primarily to the property for its security and where the lender generally can NOT sue the owner for a default.
		A loan structure where the borrow has no recourse other than to sign the loan terms as provided without any ability to negotiate.
		A financial structure where the borrow has no recourse other than to provide extensive personal guarantees on the loan.