Thread Starter: Jan94
Title: Re: Mixed use property and Reg B appraisal notice
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I have a similar question -- the lender has a borrower with a storage facility that has a residential unit where the manager lives. He's asking if this is a "dwelling" for purpose of the appraisal notice. I also looked at the definition of dwelling in Reg B and it not seeing where this becomes a residential dwelling. However I find myself second-guessing a lot these days and am asking to see if anyone would agree/disagree or may have had this scenario come up. I understand the comment about the regulation not having exemptions for mixed-use property, but not seeing that the storage facility is really a "mixed-use" property. Appreciate any other thoughts. Thank you.
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