non-recourse loan debt

A Reference Guide For Non-Recourse Loans

By madwire / July 1, 2020

A non-recourse loan is a loan where the lenders are allowed to foreclose on the collateral pledged for the loan, if the borrower defaults on their obligations and fails to pay their debts. Lenders are allowed to take possession of any assets used as collateral to secure these loans, and unlike recourse loans, only the…

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