Tagged non-recourse-loans

Press Release

Mortgage Expert from CRE-Finance Explains Non-recourse Loans with Bad Boy Carve-outs

 A non-recourse commercial real estate loan is NOT personally guaranteed by the borrower. If the real estate investment goes bad, the borrower can usually walk away from the property. There are several exceptions, known as carve-outs. Read More
Press Release

Terrace Capital: Announces: Non-Recourse Senior Mortgage Financing- $7MM - Baymont Inn & Suites - Battle Creek & Kalamazoo, MI.

 New York, New York - October 28, 2013 - Terrace Capital announced today that it has secured $7MM in non-recourse, mortgage financing for a portfolio of three Baymont Inn & Suites, limited-service hotels, located in Battle Creek & Kalamazoo, MI. Read More
Press Release

Terrace Capital, Inc. - Non-Recourse Senior Debt Financing- $61MM - Barnett Capital Industrial Portfolio - Midwest, US.

 New York, New York - December 5, 2012 - (www.terracecapital.com) Terrace Capital announced today that it has secured $61MM in non-recourse financing for a portfolio of single tenant, industrial properties located in nine states. Read More
Press Release

Terrace Capital, Inc.- Announces- $8.87MM Non-Recourse, Multifamily Fannie Mae Loan- Chicago, IL

 Terrace Capital has recently arranged for a Fannie Mae guaranty on an $8.87MM, first mortgage, multifamily portfolio located in Chicago, IL Read More
Press Release

Terrace Capital, Inc. - Non-Recourse Senior Debt Financing- $13.7MM - Sheraton Hotel & Resorts - Augusta, GA.

 New York, New York - June 25, 2012 - Terrace Capital announced today that it has secured $13.7MM in non-recourse financing for a 152-room, Class A, full-service Sheraton hotel in Augusta, Georgia. Read More