I have a loan that was given too ABC Properties, LLC for cash out too pay on their Line of Credit loan they have with us. As collateral we have a residential dwelling that is one of the investment properties, that they OWN.

Since they are not purchasing, it's not a refinance, because we are not paying off an existing loan, and not for any improvements, so my question is....since our collateral is owned free and clear, and they are getting cash out too pay down their line of credit they have with us, would this be reportable??

Nope

Great, I didn't think so. Thank you.