We have recently come across a loan to Habitat that is secured by an assignment of note AND and an assignment of DOT. Based on this post, we will need to track flood insurance on this property.
For those BOL friends partnering with Habitat, do you typically take an assignment of DOT? I'm wondering if it was an over conservative move by the lender, in case the owner stops making payments to Habitat. Maybe I'm questioning the loan structure since I don't want to track flood.