Northport, NY. Sponsored Topics. Northport is a village in Suffolk County, New York on the North Shore of Long Island. As of the United States 2000 Census, the village population was 7,606. Students attend the Northport-East Northport Union Free School District.
Many commercial loans are bridge loans where a higher rate is a good trade off for the speed with which the loan is delivered and the flexibility of the finance terms behind it. Commercial lending industry
Non-Recourse Commercial Loans - Carveouts. Non-recourse commercial real estate loans have exceptions within the loan documents that essentially transfer personal liability to the Sponsor for certain bad boy behaviors. Or more specifically, there are personal guarantees required with non-recourse commercial mortgage loans. Not only is the Sponsor personally liable for bad boy behaviors, individuals or entities providing limited guaranties or indemnification can still be liable.