Non-Recourse Finance

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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.
References in periodicals archive ?
The project has a long-term non-recourse project debt facility of $169M, of which Pattern Energy's share is 35%.
The Walker & Dunlop team structured a non-recourse, five-year bridge loan for the acquisition of Coral Pointe at the Forum, delivering the best possible debt terms while tracking the newly-built asset through lease-up.
The Company closed on a $165 million non-recourse mortgage loan, collateralized by 85 assets owned by subsidiaries of the Company and leased to Shopko that are held outside of the Company's Master Trust.
The Mission Capital team of Matt Polci, Ari Hirt, Alex Draganiuk and Justin Hunt represented DMCC Holdings in securing the non-recourse loan from Deutsche Bank.
Progress Capital Partner Brad Domenico has arranged a million non-recourse permanent mortgage of more than $4.8 million for a client to refinance their multifamily property in Newark's Weequahic neighborhood.Progress Capital Partner Brad Domenico has arranged a million non-recourse permanent mortgage of more than $4.8 million for a client to refinance their multifamily property in Newark's Weequahic neighborhood.
MacCap was able to secure the 75 percent loan-to-value, 4.15 percent, -year fixed-rate, non-recourse financing providing financial and prepayment flexibility over the term of the loan.
Oakbrook-based Inland Mortgage Capital, a private lender specializing in intermediate-term mortgages for value-add commercial real estate, announced that it reached $200 million in closed loans under its small-balance, non-recourse bridge program.
(the "Company", or "Canadian Solar") one of the world's largest solar power companies, today announced that it has secured a non-recourse project finance facility of up to JPY16 billion ($149 million) from Shinsei Bank, Limited ("Shinsei Bank") for its 53.4 MWp Oita Hijimachi solar power project.
According to a senior underwriter at Trinity Street Capital Partners, "The availability of non-recourse, hospitality financing continues to dry up in the New York City MSA as the supply of new rooms grow every day.
This risk only arises under a non-recourse factoring as under a recourse factoring arrangement it would be re-purchased by the Company.
International Resource News-May 19, 2015--Canadian Solar receives up to CAD53.5m in non-recourse, construction plus term financing
is pleased to announce that it has executed one of the first non-recourse project finance loans for solar projects in Japan among foreign capital companies.