NEW ISSUES IN NON-RECOURSE CARVE-OUT GUARANTIES

BAD BOYS OR GOOD GUYS  WHICH ARE YOU?  NEW ISSUES IN NON-RECOURSE CARVE-OUT GUARANTIES For a long time now, one of the chief attractions of CMBS financing has been the availability of non-recourse loans.  The exception to the general non-recourse nature of these loans has been the commission of certain bad acts by the borrowers…

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