Commercial Real Estate Loans: Non-recourse Carve-out Provisions

These Standard Clauses can be used in a loan agreement where the lender's security is the borrower's real estate and the loan is structured as a typical non-recourse commercial real estate loan.  These Standard Clauses are negotiated clauses that offer fair and reasonable language that can be used by lenders, borrowers and their guarantors in negotiations of non-recourse carve-out clauses. These Standard Clauses have integrated notes with important explanations and drafting and negotiating tips.

Joshua Stein, Joshua Stein PLLC


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