We have a resort owner who is converting his resort into a cooperative. People will buy ownership stock in a cabin with the majority of the property (lake access, playgrounds, etc) held in common. Our bank will be offering financing for the individual purchases which will then be secured by an assignment of stock. I am confused. Would this then be considered a consumer loan or a real estate loan?

I used to make loans in a cooperative mobile home park. In that case we took the mobile home titles and shares of stock as collateal.

The shares of stock are in the corporation that owns the real estate and NOT directly real estate loan related. IMO your case are truly personal loans in nature. You may need some supporting valuation evidence such as an appraisal of the unit. You should have the corporation acknowledge the pledge of stock to your bank and you should retain any stock certificates (if any) evidencing their ownership.

Perhaps someone could comment if a UCC filing is recommended.

We have a similar question - purchase of mobile home (secondary residence)in mobile home park, but would be secured by the Certificate of stock with amenities. Does RESPA apply or is it still considered mobile home w/no land?