Well, we know that the construction only loan was not HMDA reportable, so are you saying that we are now paying off that loan with permanent financing plus adding funds to complete construction and add a pool? If this is permanent financing (possibly some sort of 1x close to complete construction, not just pool), you will just select the highest on the pecking order for this multiple purposed new loan…which would be a purchase…that’s if my interpretation of the facts are correct.
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This reply was modified 1 month, 1 week ago by pparks.