I am reporting a commercial loan used to purchase business equipment because a the refinance of commercial loan to the same borrower is being wrapped in. The loan being refinanced and the new loan are both partially collateralized by the owners personal residence.
I am reporting the full LTV that was relied on in making the decision, even though equipment was incorporated in that calculation.
Now.... i couldn't find in regs what was considered the definition of property for the category "PROPERTY VALUE". Am I supposed to be using only the value of only the residential property collateralizing the loan (which would make one wonder where in the world the LTV came from) or am I using the value of ALL property collateralizing the loan, including equipment.
Expect the worst, hope for the best and you'll never be disappointed.