CalculateRealEstateROI

Multifamily

Non-Recourse Loan

Loan secured only by property — lender cannot pursue borrower personally on default.

Reviewed by Keiron Brown, Founder & Editor, CalculateRealEstateROI · Educational estimates only — not investment, financial, tax, or legal advice

Plain-English explanation

Premium feature of agency multifamily loans; protects personal assets.

Examples

  • Fannie Mae 10-year non-recourse on stabilized 50-unit.

Common mistakes

  • Assuming all commercial loans are non-recourse.