Know Anyone Who Has Secured Funding Against Property ONLY?

[Michael Filson]

Hello all! 

I co-own about ~$5MM in commercial properties in San Diego, CA, and we're looking to buy out two of the partners. A couple of the remaining partners are on board with financing, but on the strict condition that no personal liability is created. 

In general, I'm curious if lending, hard money or otherwise, secured against the properties only (no personal guarantees) is a thing? Has anyone done this before?

Thank you so much for your insights!

Michael