The debt was structured and provided by Walker & Dunlop's bridge lending program, which utilizes its own balance sheet to offer short-term, nonrecourse loans
for properties that are being repositioned as part of a new business strategy.
It is somewhat unusual for commercial lenders to make nonrecourse loans
, so being a general partner or guaranteeing nonrecourse debt is often the only way to obtain additional basis from partnership debt.
Subsequent to the end of year-end fiscal 2017, HOV sold its corporate headquarters for $42.5 million and used a portion of the proceeds to pay off nonrecourse loans
on the building of $13 million.
Chicago Loan Co writes nonrecourse loans
from its secure upper story office in downtown's Jewelers Row.
Plaintiffs who take out nonrecourse loans
may obtain considerably lower proceeds from the lawsuit because of the high interest and fees.
They can be term loans for as long as 10 years, structured as interest only; partially amortizing or fully amortizing facilities; lines of credit to fund short-term cash needs; revolving-credit facilities to fund recurring cash needs; recourse loans; or nonrecourse loans
. In recourse loans, the art serves as collateral for the loan, but the borrower also must give a personal guarantee of repayment.
Among the tactics they used were the issuance of nonrecourse loans
, which replaced borrowers of record for severely delinquent loans with alternative borrowers who in general were already in default on multiple other loans with the bank.
The government will also require banks to increase capital buffers taking into consideration their household debt levels, will introduce nonrecourse loans
as a pilot program and regularly monitor the household debt situation, in order to continue to improve the soundness of household debt.
The bill identified sugar as a protected commodity and gave the US Department of Agriculture (USDA) the authority to purchase sugar and issue nonrecourse loans
to keep domestic prices above world prices.
Permanent law provides mandatory support for basic crops through nonrecourse loans
. It does not authorize more modern support approaches such as loan deficiency payments, countercyclical payments, revenue-based payments, decoupled direct payments, or milk income loss contracts.
for instance, are generally collared at much more conservative leverage points or loan-to-value and are reserved for the highest quality real estate assets, which should effectively mitigate the risk of the loan investment, he explained.
mainly nonrecourse loans
(NRL) -- which accounts for approximately 20% of