Non-Recourse Loans
Non-recourse loans limit a lender’s ability to seize only the collateral, not the borrower’s other assets, if the loan defaults. This protects borrowers from personal liability beyond the pledged asset’s value.
Non-recourse loans limit a lender’s ability to seize only the collateral, not the borrower’s other assets, if the loan defaults. This protects borrowers from personal liability beyond the pledged asset’s value.
The content provided is presented for informational purposes only. All loans are subject to credit approval. Not all borrowers will meet the requirements necessary to qualify. Information, rates and terms are subject to verification of borrower qualifications, property evaluations, income verification and credit approval. This is not a commitment to lend or extend credit. Certain restrictions may apply, call for details.
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