Question: Commercial mortgage backed securities (CMBS) mortgages are structured as nonrecourse loans, which means the: Commercial mortgage backed securities (CMBS) mortgages are structured as nonrecourse loans, which means the: lender cannot litigate the loan. the lender can only look to cash flows as a means to repay the loan. borrower cannot be forced into bankruptcy. lender can only look to the collateral as a means to repay a delinquent loan.