Tap to get financing
Multifamily Loans
Property Types
MultifamilySenior HousingStudent HousingAffordable HousingMobile Home Park
Loan Options
Fannie MaeFreddie MacFHA/HUD Multifamily LoansConstruction LoansRefinanceBridge LoansCMBSFind Lenders with Janover Pro
Resources
BlogLoan DocsForms and TemplatesRatesMultifamily Calculators
For Brokers About Us
(561) 556-5777
Get financing →
2 min read

Recourse Loans

Full Recourse Multifamily Lending

In this article:
  1. Recourse Loans
  2. Recourse Loans vs. Non-Recourse Loans
  3. Get Financing
Start Your Application and Unlock the Power of Choice Experience expert guidance, competitive options, and unparalleled industry expertise.
Click Here to Get Quotes →
$5.6M offered by a Bank$1.2M offered by a Bank$2M offered by an Agency$1.4M offered by a Credit UnionClick Here to Get Quotes!

Recourse Loans

Recourse loans are loans that provide the personal guarantee of the person borrowing the money or the person(s) behind the entity borrowing the money. Recourse can benefit the borrower in that if he feels confident about putting his personal name and personal assets behind the loan, he can sometimes achieve better loan terms, but more often than not, recourse is required when a borrower or borrowing entity is not strong enough on its own, or if the property itself doesn't fall into a category that makes it conventional. Traditionally, for example, hard money loans, are full recourse. Either way recourse allows greater security for the entity lending the money. 

With recourse loans, in the event of a default, in any capacity, usually in the form of falling behind on loan payments, the lender can seek financial damages from the borrower directly, so that if the investor does take a loss on the property it can go after the borrower individually for the balance of the money owed. This can include repossessing personal property, or even garnishing wages from a borrower’s bank account.

Recourse Loans vs. Non-Recourse Loans

In contrast to recourse loans, non-recourse loans do not generally allow a lender to pursue a borrower’s non-collateral assets in the case of a loan default. However, there are certain exceptions; most non-recourse loan agreements contain “bad boy carve outs,” which stipulate that, if a borrower engages in certain “bad boy” activities, the loan will become recourse. Common bad boy carve outs include carve-outs include carve outs for fraud, financial misrepresentation, and intentionally declaring bankruptcy.

In regards to multifamily loans, most bank loans, bridge loans, and construction loans are full recourse, while Fannie Mae®, Freddie Mac®, HUD/FHA Multifamily, and CMBS loans are generally non-recourse.

To learn more about your multifamily loan options, fill out the form below and speak to a specialist. 

In this article:
  1. Recourse Loans
  2. Recourse Loans vs. Non-Recourse Loans
  3. Get Financing

Getting commercial property financing should be easy.⁠ Now it is.

Click below for a free, no obligation quote and to learn more about your loan options.

Get financing →

Janover: Your Partner in Growth

At Janover, we offer a wide range of services tailored to your unique needs. From commercial property loans and LP management to business loans and services for lenders, we're here to help you succeed.

Learn more about Janover →
Commercial Property Loans

Get the best CRE financing on the market.

Explore Financing Options →
LP Management

Syndicate deals on autopilot with Janover Connect.

Discover LP Management →
Business Loans

Match with the right kind of loan, in record time.

Find Business Loans →
For Lenders

Supercharge your loan pipeline. Unlock more deals.

Boost Your Loan Pipeline →
Multifamily Loans

Multifamily Loans is a Janover company. Please visit some of our family of sites at: Multifamily Loans, Commercial Real Estate Loans, SBA7a Loans, HUD Loans, Janover Insurance, Janover Pro, Janover Connect, and Janover Engage.

Janover Tech Inc.

6401 Congress Ave
Ste 250
Boca Raton FL 33487
(561) 556-5777 
hello@multifamily.loans

Multifamily Loans

Beginner's Guide
Multifamily Refinance
Multifamily Mortgage Calculator
Current Rates
Commercial Mortgage Calculator
Commercial Loan Rates
Multifamily Loan Guides per State
For Commercial Mortgage Brokers

Site Information

Privacy Policy
Terms of Use


For Commercial Mortgage Brokers

This website is owned by a company that offers business advice, information and other services related to multifamily, commercial real estate, and business financing. We have no affiliation with any government agency and are not a lender. We are a technology company that uses software and experience to bring lenders and borrowers together. By using this website, you agree to our use of cookies, our Terms of Use and our Privacy Policy. We use cookies to provide you with a great experience and to help our website run effectively.

Freddie Mac® and Optigo® are registered trademarks of Freddie Mac. Fannie Mae® is a registered trademark of Fannie Mae. We are not affiliated with the Department of Housing and Urban Development (HUD), Federal Housing Administration (FHA), Freddie Mac or Fannie Mae.

This website utilizes artificial intelligence technologies to auto-generate responses, which have limitations in accuracy and appropriateness. Users should not rely upon AI-generated content for definitive advice and instead should confirm facts or consult professionals regarding any personal, legal, financial or other matters. The website owner is not responsible for damages allegedly arising from use of this website's AI.

Copyright © 2025 Janover Tech Inc. All rights reserved.

+

Fill out the form below and get the pricing and terms banks can't compete with.