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Updated almost 6 years ago,
Recourse loan ever good?
I understand that non-recourse loans are usually better. However, my underwriting results usually suggest that I negotiate the price down, almost always loan amount would drop to under $1 million which leads to a recourse loan. But that's the only price the deal would work for my expected return. Any thoughts? I definitely don't want to overpay just to get the loan over 1 Million. Are recourse loans always a no no? What should I do in this situation