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Updated about 14 years ago,

Kest Cousins's profile image
Kest Cousins's profile image
Kest Cousins
  • Real Estate Investor
  • from fresno, California
  • Member since Jul 13, 2010
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Kest Cousins's profile image
Kest Cousins's profile image
Kest Cousins
  • Real Estate Investor
  • from fresno, California
  • Member since Jul 13, 2010
Connect
Kest Cousins
  • Real Estate Investor
  • fresno, CA
0
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14
Posts
Private Lending & Conventional Mortgage Advice

Non-recourse loan question

Kest Cousins
  • Real Estate Investor
  • fresno, CA
Posted

My question is if you are trying to assume a non-recourse loan would you need a sponsor for the net worth or is that up to the bank?
From my understanding a non-recourse loan they (the bank) cannot come back to you personally, so what would the sponsor do?

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