The non-recourse loans
included the 172-unit Royal Lane Apartments (Dallas, Texas), 160-unit Brookhollow Apartments (DeSoto, Texas) and 128-unit Arbors Apartments (Macon, Georgia).
Baker commented, "Walker & Dunlop's proprietary bridge loan program offers short-term non-recourse loans
to our borrowers and once the property is ready for permanent financing, we can facilitate a seamless transition to Fannie Mae, Freddie Mac or HUD financing.
The 10-year fixed rate, non-recourse loans
were placed at 3.
Terrace has successfully secured non-recourse loans
, via CMBS executions, in the aforementioned markets at loan-to-value ratios of 75% and continues to serve clients that are unable to garner Fannie or Freddie financing.
NAA/NMHC and a coalition of trade groups have filed a "friend of the court" brief in an important case pending before the Michigan Supreme Court that could have a chilling effect on conduit borrowers, including apartment firms, by converting non-recourse loans
into recourse loans (Wells Fargo Bank, N.
By Marie Kierans NoN-recourse loans
could solve the mortgage crisis in the future but will not help those currently struggling with repayments, David Hall of New Beginning said yesterday.
In non-recourse loans
, some "bad boy" provisions have the effect of converting the non-recourse loan
to a full recourse loan such that the borrower becomes liable for the full amount of the loan.
These non-recourse loans
are linked through a cross-collateralization and cross-default agreement.
To ice the cake, we should impose an at-risk rule, which states that an investor can't write off losses on money for which he is not personally liable, such as the non-recourse loans
that multiply McGovern's deductions.
NYSE: CBL) today announced that it has closed four separate non-recourse loans
About Matt Allen, Author & Retirement Finance Expert Matt Allen is a nationally recognized speaker and author on the subject of IRA non-recourse loans
Trump Financial offers its reverse mortgages as non-recourse loans