Tag Non-Recourse Loan

Non-Recourse Loans Vs. Recourse Loan

Illustration depicting the concept of a non-recourse loan, highlighting collateral security, limited liability for borrowers, and its applications in real estate and project financing

Non-Recourse Loans: Definition, Example, Vs. Recourse Loan. A non-recourse loan is a type of loan secured by collateral such as property or shares, where if the borrower fails to repay the loan, the lender can only seize the specified collateral…