Loan Purpose: Refinance existing debt and improve lake resort property, such as parking lot, docks, marina, and boat slits.
Collateral: Leasehold mortgage interest on said property (no dirt). The landlord is the US Army Corp of Engineers
We focus on issues covered in a compliance examinations. This topic is covered in safety and soundness examination. That said, High Volatility Commercial Real Estate (HVCRE) regulations generally apply to loans secured by real property.