has structured an$0 million non-recourse loan
for33East Michigan, a 359,000 square-foot, LEED Silver certified, Class A+ office building in the central business district ofMilwaukee, Wisconsin.
International law firm Berwin Leighton Paisner (BLP) has advised Panoro Energy ASA on the sale by its Gabon subsidiary of a 25% working interest in the Dussafu Production Sharing Contract offshore Gabon to BW Energy Gabon for a total value of US$12 million plus a non-recourse loan
of up to $12.
Finally, this is a non-recourse loan
secured by nine Houston properties and a limited guarantee by the company, it added.
The proceeds of this $7MM, 65% loan-to-value non-recourse loan
were used by the borrower, A&M Hospitality, for the refinance of recourse, local bank renovation debt.
According to Agree, the non-recourse loan
is secured by eleven single tenant properties.
The essence of a non-recourse loan
is that, upon the occurrence of a default by the borrower, the lender may look solely to the mortgaged property securing the debt.
2 million non-recourse loan
from Bear Stearns Commercial Mortgage Inc.
Bank of America Large Loan Trust 2009-FDG is a USD460m issue backed by a single, seven-year, fixed-rate non-recourse loan
to entities of Fortress Funds.
The seven-year non-recourse loan
is with a syndicate of 17 banks, including Banco Continental of Panama, Societe Generale, and Banco Nacional de Panama.
The Quebec government has submitted a proposal to provide a non-recourse loan
of about 25 per cent of the required amount, with another 25 per cent being sought from the federal government, and Globex contributing the remaining 50 per cent for the study.
Because it was what bankers and shelter promoters call a non-recourse loan
, McGovern himself is not liable for that extra $460,000 should the deal somehow go sour.
CBL also completed a ten-year non-recourse loan
with an insurance company secured by CBL Center I and II in Chattanooga, TN.