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Updated almost 13 years ago,

Joe Smith's profile image
Joe Smith's profile image
Joe Smith
  • from Akron, Ohio
  • Member since Mar 23, 2012
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77
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Joe Smith's profile image
Joe Smith's profile image
Joe Smith
  • from Akron, Ohio
  • Member since Mar 23, 2012
Connect
Joe Smith
  • Akron, OH
2
Votes |
77
Posts
Commercial Real Estate Investing

What is "non-recourse with carveouts"

Joe Smith
  • Akron, OH
Posted

I've been researching commercial financing. I get non-recourse vs. recourse. But what is "non-recourse with carveouts?"

From what I can find, it's a workaround for lenders to have recourse on non-recourse loans, but I'm a cynic.

What does it actually mean, and what other assets can they "go after" in the unfortunate event of default?

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