5. One of the main differences between residential mortgage
loans and permanent financing of commercial real estate lies
in the allocation of liability in the case of default. In commer
cial real estate, a special-purpose entity is created that shields
the actual borrower from personal liability. When a lender
cannot lay claim to the personal assets of the defaulted bor
rower, this type of loan is commonly referred to as a:
a. Non-recourse loan
b. Mini-perm loan
c. Partially amortizing loan
d. Interest-only loan