Non-Recourse Loan

A non-recourse loan is secured by specific collateral, and the lender's only legal remedy in case of default is to seize that collateral. The lender cannot pursue the borrower's other assets — wages, bank accounts, other property — to recover any shortfall.

Non-recourse structures are common in commercial real estate, single-family rental investment loans in certain states, and crypto-collateralized lending. The trade-off versus recourse: tighter LTV caps, slightly higher rates, but meaningful borrower asset protection.

Why it matters for Milo customers

Milo's crypto-backed loans are non-recourse: the only collateral at risk is the pledged crypto. If the crypto value crashes and the loan goes unpaid, Milo's recovery is limited to the crypto — your real estate, cash, and other holdings are untouched. This is a significant borrower protection that DeFi smart-contract loans also provide structurally.

Related terms

Recourse LoanCrypto-Backed LoanCrypto CollateralLiquidation
Non-QM LoanOpen-Term Loan

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Miami, FL 33127

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Milo Credit, LLC is a direct lender and licensed under NMLS #1811449.
Loans made or arranged pursuant to a California Finance Lenders Law License 60DBO-128284. Not available in all states. Equal Housing Lender. NMLS Consumer Access

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