[LRobbins]

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

Topic

[jholzknecht]

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.

[LRobbins]

Thanks for your input

[Author]

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