Non-Recourse Finance - My last attempt

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From: Charles Homme


I have placed a previous posting about non-recourse finance, but haven't had any luck yet about achieving this. Henry Kaye states that he can arrange finance on a non-recourse basis - i.e. without personal guarantees.

Are there any Henry Kaye graduates out there who know how to do this and can steer me in the right direction?

Any help would be greatly appreciated.

Charles
 
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Reply: 1
From: Michael Yardney


Charles
There is a reason you have not received a reply.
Think about it...why would any lender give you money if you are not responsible for paying it back.
Despite what some guru's tell you ...THERE ARE NO FREE LUNCHES, XMAS COMES BUT ONCE A YEAR and IF IT SOUNDS TOO GOOD TO BE TRUE IT IS
Unless you put lots of equity into a project, it is almost impossible to get non recourse finance.Take it from someone who has lots of loans and has borrowed from all sorts of sources over the years.
But if you borrow sensibly and don't overextend yourself (like some people teach you to) why would you not stand behind your word
Michael Yardney
Metropole Properties
 
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Reply: 1.1
From: Smith Steven


I have used non recourse finance 3 times in ten years using a corporation, and have got 70% LVR.
TheDoc
 
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