Commercial Loan without Personal Guarantee
I'm working through a deal for 40k+ SF of commercial space.  Due to a massive error with my bank (they combined my account with someone who has the same name as I do,) my credit score tanked, which limits my ability to get competitive financing.  I'm working through repairing my credit score but as anyone who has been through this knows, it's a long process.

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Is there a particularly good lender anyone would recommend that would not require a personal guarantee.  We would be pre-leasing 30k SF at above-market rates to a credit tenant so the asset would produce reliable returns. 
[{"id": "eavq2sw", "text": "If you have other assets you could use as collateral, maybe? \n\nSuch as another property that has enough equity to cover this property. ", "replies": [], "depth": 1}, {"id": "eavqiyb", "text": "Several banks will do it but figure to get non recourse they typically want to see a good amount of equity invested. \n\nThe bank I work at is 35% minimum before we will talk non recourse. Smaller banks are more flexible but still typically want a little more invested by you. ", "replies": [{"id": "eavt1b5", "text": "Thank you for the reply!  How do interest rates compare between non-recourse and recourse loans if I were to put up the 35%?", "replies": [{"id": "eawcbdo", "text": "It\u2019s honestly all going to depend on term and the strength of the tenant and deal in general. I know you mentioned it being a credit tenant. \n\nThere was always a slight premium that could be done on non recourse but often we didn\u2019t get a true credit tenant. If that were the case it would more go by term and if we were doing floating or fixed rate deals. \n\n", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eavqljg", "text": "Im a CRE lender. If you have an **investment grade** credit tenant taking 75% of the building on a long term lease, you may be able to find someone to go non-recourse. For deals like this we like to see leases 5 years longer than loan term. For non-recourse your leverage point would ahve to work without additional leasing.\n\nOr go into it w/ recourse and burn down", "replies": [{"id": "eavstoh", "text": "Thank you for the reply!  We would be looking at a 7-year lease with options.  In your experience, are the options taken into consideration for the 5-year cutoff or it is only the initial term?  In other words, on a seven-year lease, would it only qualify for a two-year loan term?", "replies": [{"id": "eavv164", "text": "Well, on a 7 year lease you should be able to get 5 years pretty easily. You can probably find smaller banks that will do a 7&amp;7 ", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eavwom6", "text": "Is the building held in your name or a single-asset LLC?", "replies": [{"id": "eaw2i5u", "text": "LLC", "replies": [{"id": "eaw3p42", "text": "And this is a purchase not a refi?", "replies": [], "depth": 3}], "depth": 2}], "depth": 1}, {"id": "eaw69b0", "text": "As long as the property is cash flow positive and able to service the debt, we would likely be able to do a non-recourse loan at market rate. Also have the option to do interest only, if you prefer. PM me to discuss. \n\nIs the tenant taking up the lease a partner or part owner? ", "replies": [], "depth": 1}, {"id": "eaxl75e", "text": "What's the loan size and market size? I have a great balance lender that I've closed a couple of non-recourse loans with. Both perm and bridge...They can even throw a little mezz if needed...Especially for later TI/LCs. Over $2m and in markets over 250k in population.", "replies": [], "depth": 1}, {"id": "eb7xz2d", "text": "We have non-recourse commercial lending programs available.", "replies": [], "depth": 1}]