Recourse vs Non Recourse Debt in Under 1-Minute

Debt financing is one of the most common methods of commercial real estate investments. It is usually used to purchase or improve a property and can be obtained from many financial institutions including banks, insurance companies, credit unions, pension funds, and private investors.
Recourse debt is a type of debt that can be called due if the property securing the loan is not repaid. This type of loan tends to benefit the lender. The main benefit of recourse properties is that they are generally easier to obtain.
Non-recourse debt is a type of debt that cannot be called due if the property securing the loan is not repaid. This type of loan tends to favor the borrower. The main benefit of non-recourse commercial mortgages is that they come with lower interest rates and stricter borrowing terms.
Learn more in our blog below
www.terrydalecapital.com/learn/recourse-vs-non-recourse/
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Headquartered in Dallas, Texas, Terrydale Capital is a leader in commercial real estate financing. The firm has close relationships with the nation’s top banks, lenders & family offices in the industry allowing them to provide the most competitive financing solutions in the market. Terrydale Capital’s staff has over 80+ years of combined real estate experience and have been directly involved in over 750 closed commercial transactions in all asset types nationwide.
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