Your business is booming and you are looking to move your business into a newer, larger space. Maybe you are a commercial real estate investor looking to purchase property. Regardless of the reason why you are purchasing commercial real estate, you may need to secure financing for the purchase.
Most loans require you to put up collateral to back the loan against default. Should you default, the lender can go after you, personally, for any outstanding debt on the loan. These “traditional” loans are called recourse loans. However, did you know there are non-recourse loans that protect your personal finances are available for your commercial real estate purchase?