Non-Recourse Finance


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Related to Non-Recourse Finance: Limited Recourse Financing

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 ?
aThe new loan represents 25% of the non-recourse finance (573m euro) arranged for the long-term funding of the viaduct.
Kensand was formed for the portfolio purchase with the backing of a non-recourse finance package arranged through Nationwide Building Society and Century Life.
AWG Developments provided 100 per cent non-recourse finance through the creation of a joint venture partnership with Graftongate in return for a share of the profits.