Are there debt financing options that do not require a personal guarantee?
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by a searcher
from New York University - Leonard N. Stern School of Business
in New York, NY, USA
in New York, NY, USA
5yrs ago
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by a searcher
5yrs ago
from Columbia University in Jacksonville, FL, USA
from Columbia University in Jacksonville, FL, USA
Yes, but it will be a Mezz type debt and they will probably write a 50/50 check (Mezz and Equity). I would listen to Carlo, Stonehenge has a good reputation.
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by a lender
5yrs ago
from Nova Southeastern University in Lancaster, PA, USA
from Nova Southeastern University in Lancaster, PA, USA
Do you have more info on the circumstances and whose asking?
In a very broad sense PGs are just another item to be negotiated, and if you want non-recourse you should expect that the lender will want something in return.
Within in the guarantee there is still a number of separate issues that can be negotiated. Rather than non-recourse you could seek limited-recourse where a number of partners are only responsible up to their ownership percentage. You could request non-recourse except for specific events of default which can limit personal liability in a number of ways.
In a very broad sense PGs are just another item to be negotiated, and if you want non-recourse you should expect that the lender will want something in return.
Within in the guarantee there is still a number of separate issues that can be negotiated. Rather than non-recourse you could seek limited-recourse where a number of partners are only responsible up to their ownership percentage. You could request non-recourse except for specific events of default which can limit personal liability in a number of ways.
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