Non Recourse loans may be available in certain circumstances.
A non-recourse loan is a secured loan over the property and the borrower is not personally liable.
It is typically on a large commercial property and as a guide it normally limited to approx. 50% of the property value.
Minimum loan size is usually above $5m
Security to be large office building or warehouse.
This security is usually stand alone and is for an asset that falls outside a banks aggregation policy.
Indicative guide to pricing is BBSY plus a margin of 3.5%