Browse Tag: nonrecourse loan

Jargon Watch: Nonrecourse vs. Recourse Loans

Creditor's Ledger, Holmes McDougall

If the old maxim neither a borrower nor a lender be¬†was taken seriously, there’d probably be no commercial real estate market. The capital that enables our industry’s transactions is overwhelmingly a borrowed commodity. To borrow usually means to pay back, and the many rules and rituals surrounding the promise of payback have filled books, consumed careers and rewarded careful study with an understanding of what makes the property market really tick.

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