Ok so I am thinking I know what the answer is but I can't find any guidance here and I just need a second head to hear the question. We have a loan that is going to be a first lien on a residential group home for people with cerebral palsy. It has the appearance of a residential home with 10 bedrooms and an oversized gathering/dining area. Would the appraisal notice rules apply.
My thoughts are yes it does because it appears to be a 1-4 family dwelling. Please let me know your thoughts. Thank you.