Supervisory Limits and known 2nd in works

Posted By: Live 2 Comply

Supervisory Limits and known 2nd in works - 05/06/15 02:55 PM

Ok, so this is a situation that I am unsure of how to approach. Customer is buying commercial property. We are lending 85% but we are now aware that owner will be lending customer the other 15% as a second. Do we report this loan as a 100% ltv when complete?
Posted By: Princess of Power

Re: Supervisory Limits and known 2nd in works - 05/06/15 06:48 PM

You would look at YOUR LTV, not the holder of the second LTV of 100%