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New York University - Leonard N. Stern School of Business Queens College New York University
New York University - Leonard N. Stern School of Business Queens College New York University
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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.