Mini Bio (1). Ron Reagan was born on May 20, 1958 in Los Angeles, California, USA as Ronald Prescott Reagan. He is an actor, known for Post No Bills (1991), Hollywood Commandos (1997) and Front Page (1993). He was previously married to Doria Palmieri.
A non-recourse loan is defined as a loan where the borrower or guarantors are not personally liable for repaying any outstanding balance on the loan. Non-recourse financing is typically found on longer term permanent commercial real estate loans placed on a stabilized and performing asset.
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.