Recourse vs. Non-Recourse Loans: What Are the Differences?

The Difference Between Recourse and Non-Recourse Loans

In most commercial real estate loan transactions, the lender will require at least two sources of repayment: Primary Source of Repayment:  Rental Income Secondary Source of Repayment:  Sale of property As long as there is enough rental income to make the monthly loan payments, there are no issues.  However, if the borrower falls behind, the […]

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