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Non-Recourse Loan

Direct AnswerA loan secured only by the property itself, with no personal liability for the borrower beyond the collateral. In Canada, non-recourse lending is typically available only for large institutional deals

glossary

A loan secured only by the property itself, with no personal liability for the borrower beyond the collateral. In Canada, non-recourse lending is typically available only for large institutional deals or CMHC-insured multifamily mortgages.

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