Non-recourse Development Financing

[Vik Venkatraman]

Hey all - I am at the planning stages of medium size (~$20MM) development project in a nice part of NJ. I have a solid team with deep experience, and a conservative model that shows ample coverage and strong returns profile.

I'm looking to take on acquisition/construction financing without recourse. I know this is a common strategy, but have hit dead ends at both conventional lenders and leading RE brokers. I'd love to hear from members of the community that have set up good relationships with non-recourse lenders, and would love to plug into your lenders if folks are comfortable sharing contacts.