Non-recourse loan suggestions
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?
Most Popular Reply
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!
- Nick Belsky
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Belsky Mortgage, LLC
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