Looking for banks that offer non-recourse loans for commercial multiunits in Virginia and North Carolina? Please let me know if there are any out there that someone could recommend.
Depends on size and leverage. Generally under $1M you are going to have recourse unless you give up a lot of leverage. Over $2M there are many more nonrecourse lenders with high leverage possibilities.
@James Kramer Some details would help in making a referral.
Upen Patel, Mortgage Banker
Federal NMLS# 1374243