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#318764 - 02/18/05 09:13 PM Golf courses and motel as collateral
Creditcopper Offline
100 Club
Creditcopper
Joined: Sep 2004
Posts: 203
Michigan
I've checked the call report instructions and searched the threads on this board for guidance. I am still unsure after looking in both so here goes. What do most folks do when they take a golf course as collateral? I am not talking about building one, my case the course is existing and open for business. I also am not talking about the development of land around it that we finance to develop it for later construction of homes. How about motels? I am just plain too tired and wore out because the answer is not coming to me when I review the call rpt instructions.
thanks for the help
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CRA
#318765 - 02/18/05 09:23 PM Re: Golf courses and motel as collateral
Rie A Offline
Platinum Poster
Rie A
Joined: Mar 2004
Posts: 829
Maryland
Per page 46 in the "A Guide to CRA Data Collection and Reporting"
1.e Secured by nonfarm nonresidential properties. Report loans secured by real estate as evidenced by mortgages or other liens on business and industrial properties, hotels, motels, churches, hospitals, educational and charitable institutions, dormitories, clubs, lodges, association buildings, "homes" for aged persons and orphans, golf courses, ........
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God made the world in only 7 days... but he didn't have any paperwork.

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#318766 - 02/18/05 09:28 PM Re: Golf courses and motel as collateral
Creditcopper Offline
100 Club
Creditcopper
Joined: Sep 2004
Posts: 203
Michigan
thank you I think those shots of novacaine in my mouth this morning went straight to my head instead.
_________________________
Is it cocktail time yet? Make mine a double!

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#318767 - 02/18/05 09:30 PM Re: Golf courses and motel as collateral
Rie A Offline
Platinum Poster
Rie A
Joined: Mar 2004
Posts: 829
Maryland
Nah, it is just Friday afternoon and this stuff is all just a blur by now. I just happened to have the RC-C directions right next to my keyboard. Well, it has been there all week!
_________________________
God made the world in only 7 days... but he didn't have any paperwork.

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#318768 - 02/19/05 01:53 AM Re: Golf courses and motel as collateral
HRH Dawnie Offline
Power Poster
HRH Dawnie
Joined: Aug 2002
Posts: 7,353
Anchorage Alaska
Careful Rie, we're gonna make you a guru

I've been burried in "fun" clean up all day
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Dawn Coursey VP/CRA Queen

CRA Rating is in...Oh who cares...I'm home with the baby.

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