These loans are multi-family (apartments). Cash reserves can be used for monthly repairs, larger capital expenditure items like a roof replacement, or money to pay fixed expenses like a mortgage, taxes, and insurance when the unit is vacant, or when rent is late.
Since there is no specific improvement project at the time the loan is granted, I'm asking if loans with this purpose or a mixed purpose (cash reserves and/or future investment opportunities) are reportable.
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TryingToComply
CRCM