Non Recourse Loan

Non-recourse debt is a type of loan secured by collateral, commonly property. If the borrower defaults, the issuer can seize the collateral but cannot seek out the borrower for any further compensation, even if the collateral does not cover the full value of the defaulted amount. A non-recourse debt does not hold the borrower personally liable for the loan.

New Purchase or Refinance

This Program feature’s a 30 Year Fixed Rate program designed for investment property acquisitions being made through Retirement Plans that require Non-Recourse loans. The borrower is the retirement plan (SDIRA, Solo 401k etc)

• Purchase or Refinance

• 1-4 Family Non-Owner Occupied Units

• No Construction / Property As Is

• 1st Position Mortgage / Deed of Trust Only

• 70% LTV

• 30 yr fixed

• No prepayment penalty

• 6.75% fixed rate (Updated 4-1-2022)

New Construction

• Single Family Non-Owner Occupied

• 1st Position Mortgage / Deed of Trust Only

• 73% LTC

• 12 or 18 month term

• No prepayment penalty

• 9.49% interest only (Updated 4-1-2022)

If you want to learn more about non recourse loans, reach out to us. We can help you find out if you qualify for a non recourse loan. If you qualify, we can guide you through the loan process. If for some reason you don’t qualify, we can provide you with alternative options that you may find valuable instead.