Finance
What is a 'non-recourse loan' in Delaware commercial real estate?
AA loan with no prepayment penalty
BA loan where, in the event of default, the lender's only recourse is to foreclose on the property and cannot pursue the borrower personally for any deficiency✓ Correct
CA loan without personal liability for any reason
DA loan the borrower may repay without notice
Explanation
A non-recourse loan limits the lender's remedy to foreclosure on the collateral property. The borrower has no personal liability for any deficiency balance after the foreclosure sale.
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