#2167002 - 03/07/1803:08 PMSupervisory LTV - MH Parks
Compliance NABW
Diamond Poster
Joined: Oct 2015
Posts: 1,668
Having a bit of a hard time coming up with a definitive answer on this. What category would you place a mobile home park in for Supervisory LTV purposes? Would there be a difference depending on how many site units actually serve as collateral, such as with 5+ (potentially making it similar to multifamily)?
Compliance NABW
Diamond Poster
Joined: Oct 2015
Posts: 1,668
That's kind of where I ended up as well. Personally, I would lean towards categorizing it as Improved Property (85%), but from poking around on the web, I question that conclusion as most lenders seem to require a 65-75%.