Non-recourse debt,such as a mortgage on a specific property,typically has a lower rate than the unsecured debt of companies with high credit ratings.

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Non-recourse debt often carries a higher interest rate than unsecured debt of companies with high credit ratings because the lender's only recourse in case of default is the collateral itself, which introduces a higher risk compared to unsecured debt backed by the full faith and credit of a company.

Non-Recourse Debt,such as a Mortgage on a Specific Property,typically Has