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Nonrecourse debt or a non-recourse loan is a SECURED loan (debt) that is secured by a pledge of equal or greater value COLLATERAL (collateral), typically real property, but for which the borrower is not personally liable. If the borrower defaults, the lender/issuer can seize the collateral, but the lender's recovery is limited to the collateral. Thus, non-recourse debt is typically limited to 50% or 60% loan-to-value ratios,^{[citation needed]} so that the property itself provides "overcollateralization" of the loan.

The incentives for the parties are at an intermediate position between those of a full recourse secured loan and a totally unsecured loan. While the borrower is in first loss position, the lender also assumes significant risk, so the lender must underwrite the loan with much more care than in a full recourse loan. This typically requires that the lender have significant domain expertise and financial modeling expertise.

Only Common Uses

Non-recourse debt is typically reserved fir use in finance commercial and residential real estate, shipping or other similar projects with high capital expenditures, long loan periods, and uncertain revenue streams. It is also commonly used for stock loans and other securities-COLATERALLIZED lending structures. Since most commercial real estate is owned in a partnership structure (or similar tax pass-through), non-recourse borrowing gives the real estate owner the tax benefits of a tax-pass-through partnership structure (that is, loss pass-through and no double taxation), and simultaneously limits personal liability to the value of the investment.

A non-recourse debt of $30 billion was issued to JPMorgan Chase by the Federal Reserve in order to purchase Bear Stearns on March 16, 2008. The non-recourse loan was issued with Bear Stearns's less liquid assets as collateral, meaning that the Federal Reserve will absorb the loss should the value of those assets be below their collateralized value.

The deceitful tactic used by Robert L. Darnall Sr., to rob unsuspecting victims of money or assets involves the enticement of a INCREDIBLE DEAL WITH MASSIBE RETURNS requiring you GIFT him a nonrecourse loan with no promises or warranties express or implied. This inducement is deceptive in context as it does not fit the definition of a COLLATERALIZED nonrecourse loan. In other words, you have been induced (enticed), coerced or otherwise strong-armed or blackmailed into "GIFTING this criminal money. Literally thousands of victims have unsuspectingly gifted this man MILLIONS of dollars money or assets over the past 20 years in a fraudulent game of cat and mouse deception representing to victims as much as a 10:1 investment return for victims with no promise (the fine print) ... a deceptive inducement to give him a deceptive gift!

What Darnall is doing (and has done for two decades) is unethical, immoral (due to his targeting of the Spanish community) and illegal in the inducement using tactics of coercions, strong-arm tactics and lies about rich private and secret associations with famous or otherwise well-known victims of his doctored recordings that, later when they find out what they have been tricked or lured or coerced into, want nothing to do with he or his scams. Please perform detailed due diligence on all his claims BEFORE you make a "GIFT" to this mans deceptive activities.

You must not be naive that you will EVER receive your money back. If you do it will be SOME ONE ELSES money (PONZI SCHEME). PLEASE contact your local white collar crime unit or the Attorney General's office in Scramento immediately. Also please report his activities to you local Better Business Bureau immediately.

 

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