Non-Recourse Finance

(redirected from Nonrecourse Loans)

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.
References in periodicals archive ?
Permanent law provides mandatory support for basic crops through nonrecourse loans.
Ms Blackwell believes nonrecourse loans are just one of the measures to be considered.
108(a)(1)(E) of a borrower's default and/or indebtedness discharge on recourse versus nonrecourse loans on principal residences.
While a shareholder's at-risk amount often parallels basis in stock and loans, there are important differences under the at-risk rules involving nonrecourse loans and amounts borrowed from other "non-creditors" to the activity The at-risk limitations must be computed as of the end of the S corporation's year for each activity conducted by the S corporation, taking into account situations where activities are aggregated.
We also believe the announcement by the Federal Reserve Board of its intention to provide liquidity to markets by extending nonrecourse loans to U.
Tougher inspections are to cover loans to real estate firms, investments and loans for real estate investment trusts and real estate funds, nonrecourse loans to certain real estate companies, and other real-estate-related loans, according to the report.
The partnership borrows $100 in nonrecourse loans and purchases two assets, $50 in stock and $100 in depreciable property.
If quotas are approved in the referendum by 60 percent of voting producers, the loan rate on nonrecourse loans and target prices, used in determining deficiency payments, will be set higher than without the quotas.
s first and second floating-rate nonrecourse loans final ratings due April 2007 (as listed below).
The partner's share of minimum gain is basically the cumulative share of nonrecourse deductions plus the share of any distribution of the proceeds of nonrecourse loans.
Financing a reverse exchange can be a challenge, for example, because most EATs demand nonrecourse loans (usually backed by the exchanger's personal guarantee).
As the loans are nonrecourse loans whose repayments are financed by revenues from Roppongi Hills, Mori Building would not be stripped of assets other than Roppongi Hills even if the value of the security deteriorates.