Non recourse lenders

[Alvaro Narino]

Hello BP members,

Wondering if anyone out there has worked with First Western Federal Savings Bank or North American Savings Bank? These two banks were recommended to me by Equity Trust (custodian) and being new to having to work with non recourse lenders, any advice and guidance is appreciated....

[Daniel Dietz]

We have used NASB several times, Jason Zook is who we worked with there. Great and fast service. I would not hesitate to use them again. 

As you might know terms are a LOT different than conventional. I think right now a 15 year is 40% down and about 5.75% or so. Low closing costs thogh so that is a plus.

Dan Dietz