I hope someone can help me with this data reporting question. I've read the GIR and the CRA-equivalent handbook as well as other sources and I'm just not sure.

Loan is to purchase an old motel with outbuildings, apartment buildings and a house located on the same structure. Additional funds will be included in loan for rehabilitation of the properties. Over 67% of the loan proceeds are for the purchase.

The entire property is "mixed use". Here's the breakdown:

1. Motel (now sleeping rooms for rent to construction workers, etc) - 9000 sq ft.
2. Apartment Buildings(1 w/6 units; 1 w/3 units) - 4500 sq. ft.
3. House (rental) - 2000 sq ft.
4. Garage/Apt. - 1960 sq ft.
5. Small business - 1520 sq ft.

Summary: Commercial 10520 sq ft; residential rental 8460 sq ft.

I could only find the "mixed use" to come into play under home improvement in the GIR book. Does it also apply for a purchase?

Would I consider this non-HMDA reportable because the majority of the footage is commercial? Do I have to consider the funds for rehabilitation?

Thanks for any help.

Mixed use refers to one structure, not multiple structures. Your property has multiple dwellings, a multi-family and a 1-4. This loan will be reported as a purchase.

Look to page D-5 in the GIR for purchases of mixed-use property.

Since you are dealing with multiple properties you will also want to scan the GIR for multiple properties.

Dan - I am curious where the interpretation is that "mixed use property" means only one structure.

Original confused poster here -

Dan: In re "reported as a purchase". Do you mean reported as a HMDA purchase of a dwelling or a CRA purchase of commercial property?