Posted By: beegee
Call Report Owner Occupied CRE? - 10/13/20 06:18 PM
We have a building that is 75% owned by Michael and 25% owned by Jason.
Jason owns 100% of the company that operates out of the facility and pays the rent.
Is this considered owner-occupied for call report purposes? We were unsure given he owns just 25% of the building.
Jason owns 100% of the company that operates out of the facility and pays the rent.
Is this considered owner-occupied for call report purposes? We were unsure given he owns just 25% of the building.