This podcast episode delves into the often-overlooked topic of personal guarantees in real estate investing. It highlights the critical distinction between PG (personal guarantee) debt and non-PG debt, explaining the implications for investors if a loan defaults. The episode emphasizes the importance of thoroughly reviewing investment documents to ensure LPs are not inadvertently guaranteeing any debt. It also discusses the challenges GPs face in obtaining non-PG debt, which, while preferable, can often come with higher costs and fees.
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