Commercial mortgage loans are ________, which means that if the borrower fails to make the contractual payments, the lender can only look to the income-producing property backing the loan for interest and principal repayment.

Question

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Nonrecourse loans provide lenders with limited recourse in case the borrower defaults on the loan. This means that the lender can only look to the income-producing property to recover their investment and cannot hold the borrower personally liable for any shortfall in repayment.

Commercial Mortgage Loans Are ________, Which Means That If the Borrower