Non-Recourse Financing Expands to Individual Investors

The Nikkei reports that non-recourse loans are increasingly being sought by individuals for their real estate investments. Hitherto, trust banks have been the main lenders for this type of financing, and they have only lent to landowners, and specified certain construction and management companies which had to be used. However, SMBC introduced a new non-recourse product in August for small private investors seeking to develop rental residential properties, easing these rigid requirements and also offering it with a low 1.89% administration fee, equal to regular apaato loans.

Full Story - Nikkei Financial Daily: Non-Recourse Financing Expands to Individual Investors

Japan Real Estate / Property Investment Blog