Updated over 13 years ago on . Most recent reply
What is "non-recourse with carveouts"
I've been researching commercial financing. I get non-recourse vs. recourse. But what is "non-recourse with carveouts?"
From what I can find, it's a workaround for lenders to have recourse on non-recourse loans, but I'm a cynic.
What does it actually mean, and what other assets can they "go after" in the unfortunate event of default?