Commercial, Multifamily Markets On The Mend

Courtesy of Mortgage Orb The commercial and multifamily markets are healing, the Mortgage Bankers Association (MBA) reports in its Commercial Real Estate/Multifamily Finance Quarterly Data Book for the fourth quarter of 2010. Improved property fundamentals, modest...

Nonrecourse debt -What is it?

From Wikipedia, the free encyclopedia Nonrecourse debt or a nonrecourse loan is a secured loan (debt) that is secured by a pledge of collateral, typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer...