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#2131223 - 05/19/17 08:23 PM Storage Business with an Apartment
swiggles Offline
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swiggles
Joined: Aug 2001
Posts: 7,333
I am reviewing a refinance of a storage unit facility. The loan is in the name of an LLC. There is an apartment over the office area where one of the principals on the loan resides full time. The loan is a 5 million dollar loan. Do I put this on my LAR???
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#2131236 - 05/19/17 08:51 PM Re: Storage Business with an Apartment swiggles
raitchjay Offline
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Joined: Oct 2009
Posts: 8,669
OK
I doubt it, but it would depend on what the mixed-use test reveals.
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#2131238 - 05/19/17 08:52 PM Re: Storage Business with an Apartment swiggles
raitchjay Offline
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Joined: Oct 2009
Posts: 8,669
OK
At least, that's how i would handle it. I'm not in the "mixed-use doesn't apply to refinances" camp and never have been.
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