Skip to content
BOL Conferences
Thread Options
#2240127 - 07/24/20 06:28 PM HVCRE and multiple 1-4 family residences
BSAguy Offline
Gold Star
Joined: Aug 2007
Posts: 298
Kansas
We are financing 8 duplexes that are stand alone buildings. Would this be exempt from the definition of HVCRE? At this point, I'm not sure if they are all on one platted property or not. The loan officer asked while they were doing their initial analysis.

Return to Top
Lending Compliance
#2240132 - 07/24/20 06:51 PM Re: HVCRE and multiple 1-4 family residences BSAguy
rlcarey Offline
10K Club
rlcarey
Joined: Jul 2001
Posts: 83,219
Galveston, TX
https://www.fdic.gov/news/board/2019/2019-11-19-notice-sum-c-fr.pdf

Refer to Page 4 of the PDF - right hand column through middle column Page 5.
_________________________
The opinions expressed here should not be construed to be those of my employer: PPDocs.com

Return to Top
#2240152 - 07/24/20 09:12 PM Re: HVCRE and multiple 1-4 family residences BSAguy
BSAguy Offline
Gold Star
Joined: Aug 2007
Posts: 298
Kansas
Thank you Randy.

Return to Top

Moderator:  Andy_Z