When Recourse Loans Come Calling… They Don’t Just Take the Building. They Take the Ferrari Too. “Enough was never enough.” — Charles Cohen, billionaire real estate mogul, now being pecked apart by Fortress Investment Group. He personally guaranteed just $187M of a $535M loan. Now Fortress is coming for: His château in Provence 🇫🇷 His 25 luxury cars 🏎️ His $50M yacht 🚢 His brokerage accounts—and even those of his mother and sister 💼 Why? Because personal recourse debt doesn’t just follow you. It owns you. Cohen isn’t unsophisticated—he’s a billionaire. But even he ignored Buffett’s rule: “Don’t risk what you have and need for what you don’t have and don’t need.” If the deal doesn’t pencil with non-recourse debt, it’s not a deal worth doing. When the tide goes out, it’s not just your balance sheet exposed—it’s your family, your lifestyle, your name. Would you ever sign a personal guarantee to get a deal done? 👉 Follow for real lessons from real scars—not just recycled optimism. https://lnkd.in/eCXj_YiD