Nonrecourse debt or a
non-recourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the
lender/issuer can seize the collateral, but the lender's recovery is limited to the collateral. If the property is insufficient to cover the outstanding loan balance (for example, if real estate prices have dropped), the difference between the value of the collateral and the loan value becomes a loss for the lender.
Net Lease Properties
If a
Multifamily Apartment Complex is of interest to you then contact us,
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CVS, FedEx, Walgreens, Target, Publix or another Net Lease Property.
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