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Larry Zucker
  • Real Estate Agent & Investor
  • Raleigh Durham Chapel Hill, NC
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Non-recourse loan suggestions

Larry Zucker
  • Real Estate Agent & Investor
  • Raleigh Durham Chapel Hill, NC
Posted

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?

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Nick Belsky
  • Residential and Commercial Broker
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1,273
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Nick Belsky
  • Residential and Commercial Broker
Replied

@Larry Zucker

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!

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