112.01
Property Management
Requirements
You must confirm the Property'sProperty'sMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). management team or company:
- manages other assets in the Property'sProperty'sMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). same geographic area; and
- has adequate staffing and expertise
- managing similar
- multifamily assets, and
- regulatory restrictions, and
- to ensure effective
- administration,
- leasing,
- marketing, and
- maintenance.
- managing similar
Guidance
An independent, professional PropertyPropertyMultifamily residential real estate securing the Mortgage Loan, including the fee simple or Leasehold interest, Improvements, and personal property (per the Uniform Commercial Code). management company is not required.