In contrast, a non-recourse loan is a financial product secured entirely by the property itself. In the case of default, the lender will have no recourse to the owner or investor ‘s personal assets.
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As a multifamily lender, we specialize in non-recourse loans with low fixed rates and a term of up to 40 years. Our fha insured multifamily loans are some of the most competitive financing packages available for investors in multifamily, skilled nursing, assisted living, and elderly housing.
Get a free non-recourse multifamily loan quote. Share some basic info with us and get matched with Freddie Mac SBL, Fannie Mae DUS, Fannie Mae Small Balance, FHA 223(f) and dozens of other non recourse, fixed rate loan programs.
Apartment loans from $3 million; Non-recourse with standard carve-outs; Up to 80% LTV purchase and refinance; customized fixed rate terms from 5-30 years; 30-year fixed rates – Multifamily Loan for Life; Credit facilities starting at $25 million; Mezzanine financing available; Early and extended rate locks
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Recourse Loans. Recourse loans are loans that provide the personal guarantee of the person borrowing the money or the person(s) behind the entity borrowing the money. Recourse can benefit the borrower in that if he feels confident about putting his personal name and personal assets behind the loan, he can sometimes achieve better loan terms,
The Multifamily Owner-Operator’s Resource for Fannie Mae & Freddie Mac Multifamily Loans between $1 million and $25 million+ Learn more about non-recourse multifamily loans. Financing Tips & Articles: Learn about 8 things that affect fannie/freddie interest rates; 8 Tips on how to present your loan request; and more
Non-Recourse Loans On Multifamily Properties and Commercial Real Estate. A non-recourse loan on a commercial or multifamily property is a loan that does not require the personal guarantee of the borrower(s). To put it simply this increases investors/lender risk and reduces risk/liability to borrower(s).