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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
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. |
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