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Updated over 1 year ago on . Most recent reply

Larry Zucker's profile image
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Larry Zucker
  • Real Estate Agent & Investor
  • from Raleigh Durham Chapel Hill, NC
  • Member since Apr 20, 2020
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Larry Zucker's profile image
Larry Zucker's profile image
Larry Zucker
  • Real Estate Agent & Investor
  • from Raleigh Durham Chapel Hill, NC
  • Member since Apr 20, 2020
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Larry Zucker
  • Real Estate Agent & Investor
  • Raleigh Durham Chapel Hill, NC
30
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Mortgage Brokers & Lenders

Non-recourse loan suggestions

Larry Zucker
  • Real Estate Agent & Investor
  • Raleigh Durham Chapel Hill, NC
Posted

I am looking to finance the purchase of a long-term rental under an LLC. Any suggestions on lenders offering non-recourse loans in NC?

  • Larry Zucker
Raleigh, North Carolina
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Nick Belsky's profile image
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Nick Belsky
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Nick Belsky
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Nick Belsky
  • Residential and Commercial Broker
Replied

@Larry Zucker

Why non-recourse? While fairly common in commercial banking, not so common with DSCR loans mainly targeting 1-4 unit residential properties.

Most lenders who do offer it, use it as a way to charge you more for a "safety net" that doesn't really offer you any more protection that an entity or umbrella policy.

Cheers!

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