Mini Bio (1). Ron Reagan was born on May 20, 1958 in Los Angeles, California, USA as Ronald Prescott Reagan. He is an actor, known for Post No Bills (1991), Hollywood Commandos (1997) and Front Page (1993). He was previously married to Doria Palmieri.
A non-recourse loan is defined as a loan where the borrower or guarantors are not personally liable for repaying any outstanding balance on the loan. Non-recourse financing is typically found on longer term permanent commercial real estate loans placed on a stabilized and performing asset.
9 - 17 Recourse vs. Nonrecourse Partnership debt is classified as either recourse or nonrecourse. â¢ Recourse Debt â debt of the partnership that at least one partner is personally liable for. âThe personal liability can exist through operation of state law or through personal guarantees made to the creditor.