URL details: hud221d4.loan/hud-221-d4-faqs/what-are-the-benefits-of-non-recourse-loans
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What are the Benefits of Non-Recourse Loans? | HUD 221(d)(4) Loans
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One of the biggest benefits of HUD 221(d)(4) loans for developers is the fact that they are non-recourse-- i.e., the lender cannot seize a borrower's personal property if they default on the loan. Instead, HUD multifamily construction loans are secured by collateral; in this case, the building and the property itself, which can be seized if the borrower defaults.
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