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#2167002 - 03/07/18 03:08 PM Supervisory LTV - MH Parks
Compliance NABW Offline
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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)?
Last edited by JPC; 03/07/18 03:09 PM.
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Lending Compliance
#2167009 - 03/07/18 03:21 PM Re: Supervisory LTV - MH Parks Compliance NABW
rlcarey Online
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rlcarey
Joined: Jul 2001
Posts: 83,225
Galveston, TX
Good question. I would probably be placing a call into my EIC.
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#2167066 - 03/07/18 07:01 PM Re: Supervisory LTV - MH Parks Compliance NABW
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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%.

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