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Non-Recourse Finance
(redirected from Non-Recourse Financing)

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Non-Recourse Finance
A loan secured by the revenue of the project the loan intends to fund, and nothing else. That is, non-recourse finance does not allow the bank or other lending institution access to the borrower's other assets in the event of default. This is a relatively high-risk form of financing; projects that utilize non-recourse finance generally have uncertain revenue streams and long loan periods.


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You might recall that late last year, the current holder of the Crossroads debt sued Flake, Rogers and Mathias, claiming a legal loophole to the non-recourse financing.
The non-recourse financing was arranged in-house by CBRE Multifamily Capital, Inc.
The transaction provided maximum proceeds, allowing funds for property updates, and was structured as long-term, fixed-rate, non-recourse financing, said Panagako.
 
 
 
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