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Multi-Family and Apartment Investing

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Julie Groth
Pro Member
  • Wholesaler
  • New Orleans, LA
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54
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Recourse v. nonrecourse-what's the cutoff amount?

Julie Groth
Pro Member
  • Wholesaler
  • New Orleans, LA
Posted Feb 24 2014, 08:11

I know on larger, commercial loans that non-recourse is commonplace. What about "smaller" commercial loans? I'm wanting to buy multi-family 10-40 units, probably $500,000-$1.5m.

Is there a general rule-of-thumb with commercial lenders as to when they start (dollar wise) w/ nonrecourse loans?

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