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Non-Recourse Loans

June 6, 2019 By Janover Ventures

Non-Recourse Loans in Relation to Freddie Mac’s Optigo Small Balance Program

If a loan is non-recourse and a borrower defaults, a lender cannot pursue a borrower’s personal assets in order to repay the outstanding balance of the loan. However, most non-recourse loans come with “bad-boy” carve-out provisions, which make the loan recourse if the borrower commits certain “bad acts,” such as embezzlement, fraud, or the intentional declaration of bankruptcy. Most, but not all Freddie Mac Multifamily loans are non-recourse. In regards to the Freddie Mac SBL program, the vast majority of loans are non-recourse with bad-boy carve-outs, though certain loans, especially interest-only loans in smaller markets, may carry some recourse.

Filed Under: Freddie Mac Multifamily Loans, Freddie Mac SBL, Glossary Tagged With: Freddie Mac Optigo, Freddie Mac SBL, Freddie Mac Small Balance Loans, Non Recourse Multifamily Loans, Non-Recourse Apartment Loans, Non-Recourse Loans

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Janover Ventures, LLC.
7601 N Federal Hwy. Ste B140
Boca Raton Florida 33487

Call: (800) 567-9631
Email: hello@multifamily.loans

 

Information

Loan Facts

Terms, Qualifications, and Guidelines

Term Sheet

Interest Rates

Portfolio Loans

 

Knowledge Base

Frequently Asked Questions

Glossary

Application

Application Process

Third Party Reports

Appraisal Process

Environmental Assessments

Property Condition Reports