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HVCRE – Leasehold Mortgage???

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  • #34787
    LRobbins
    Participant

    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

    Is this loan subject to HVCRE classification?

    Any thoughts would be greatly appreciated

    #35072
    jholzknecht
    Keymaster

    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.

    #35075
    LRobbins
    Participant

    Thanks for your input

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