McDonald Financial Corporation (MFC) is one of the few firms able to provide Non Recourse Debt to its customers, based on contractual obligations. Non Recourse Debt does not require personal guarantees thereby reducing risk and facilitating a more flexible funding.
Non Recourse Debt is based on:
1. The credit quality party issuing the underlying the obligation
2. The integrity of the obligation & unconditional requirement to pay
3. Underlying collateral
Non Recourse Debt can be provided from the following obligations:
Certificates of Deposit (CD’s)
Letters of Credit