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Recourse financing gives lenders complete recourse on the property or cash flow with the shareholders for repayment with the bank loan in the situation of default by the SPV.
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It's relevant to arranging and execution produced by a business, institution or possibly a company. However sound very similar, nevertheless it differs from organization finance.
There is proscribed or no recourse to the sponsors in the project (shareholders of project enterprise are generally only liable up to your extent of their shareholdings);
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