need an asset based, non-recourse lender for Beverly Hills refi

[Felix Amabile]

I am looking for an asset based, non recourse lender to refinance a prominent Beverly Hills property at 50%-60% LTV-any recommendations are appreciated.

[Stephanie Medellin]

@Felix Amabile At that LTV a refinance shouldn't be too difficult, but most lenders don't really advertise whether they are recourse or non-recourse, so it might take a little digging to find one. Would this be for an owner occupied residence, or an investment property? Residential property? Commercial property?

Typically purchase loans are non-recourse, and I believe rate and term refinances are as well, but once you refinance and take cash out it becomes a recourse loan.