One Minute Matters [Video]: Can a Single Loan Provision Create Unexpected Personal Liability? (with Bob Groholski)
One Minute Matters Video Series
12.09.24
Ever heard of a “Bad Boy” Loan Guaranty? These provisions of a lender’s loan documents, if triggered, render the borrower, and more importantly, the guarantor, personally liable on an otherwise non-recourse loan. Bob Groholski explains what they are, how they work, and what commercial lenders can do to identify potential recourse triggers.
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