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Nonrecourse debt - Wikipedia, the free encyclopedia
Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borro...
en.wikipedia.org/wiki/Nonrecourse_debt |
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Investopedia explains Non-Recourse Finance; These types of projects are characterized by high capital expenditures, long loan periods, and uncertain revenue streams. Analyzing them requires a sound knowledge of the underlying technical domain as well as financial modeling skills. ... Limited Recourse Debt...
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What Does Non-Recourse Debt Mean?; A type of loan that is secured by collateral, which is usually property. If the borrower defaults, the issuer can seize the collateral, but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount.
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[ Follow Ups ] [ Post Followup ] [ CREOnline Commercial Real Estate Q&A ] ... Posted by prowe on April 18, 2009 at 08:06:48: ... I need some advice on buying hotels. If you have experience with the industry please respond.
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Investment Dictionary: Non-Recourse Debt ... A non-recourse debt of $30 billion was issued to JPMorgan Chase by the Federal Reserve in order to purchase Bear Stearns on March 16, 2008. The non-recourse loan was issued with Bear Stearns's less liquid assets as collateral, meaning that the Federal Reserve will absorb the...
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Bad Debt ... A limited recourse loan only allows the lender to take assets named in the loan agreement. A non-recourse loan limits the lender's rights to the particular asset being financed -- an approach that is common in home mortgages and other real estate loans.
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