what industries use non recourse loans 
non recourse loans are very popular in the real estate industry in addition to other industries that have long project timelines since there may not be any income at the beginning of the project a non recourse loan gives a measure of breathing room to project financers can a lender come for my personal assets with a non recourse loan no a non recourse loan is secured only by the listed collateral a mortgage is a good example if you default on your mortgage the bank can seize the house to recoup their investments but they can t seize your car or bank accounts the bottom linenon recourse loans offer several benefits to businesses planning large projects including different tax considerations and the ability to avoid payment until the project comes to fruition while it s never ideal to default on a loan a non recourse loan can save your other assets from seizure in the event of default 