We have a loan to purchase a residential property that will house a set of the borrowers field team and an equipment yard. The evaluated property site includes an approximate 3.891-acre, or 169,492-square-foot, tract of land which is improved with a single family home/ office space. Note the office space will not be considered to be an officially advertised business location. Adjacent properties are all single family residences with no noticeable concerns observed. Note an evaluation was obtained, instead of a residential or commercial appraisal. I can see this being seen more as transitory housing more than anything (with possible equipment storage). With that in mind, would you see this being reported on the CRA LR, or would you see it going to the HMDA LAR...or neither?

It currently has a Call Code of 1e...CRE

Note that I did pose this question to the CRA forum a few days ago, but while it had a lot of views, no one responded...so I chose to ask the experts on the other side as well. Thanks!

We have a loan to purchase a residential property that will house a set of the borrowers field team and an equipment yard.

I will assume the field team(s) rotate and the structure is not their permanent residence. If that is the case then for HMDA purposes I believe you could classify it as transitory.