Site Inspection by Borrower
You must ensure that the BorrowerBorrowerPerson who is the obligor under the Note. or the Key PrincipalKey PrincipalPerson(s) who control and/or manage the Borrower or the Property, are critical to the successful operation and management of the Borrower and the Property, and who may be required to provide a Guaranty.:
- Conducts a physical inspection of the PropertyPropertyMultifamily residential property securing the Mortgage Loan and including the land (or Leasehold interest in land), Improvements, and personal property (as defined in the Uniform Commercial Code)..
- Certifies in the Multifamily Underwriting Certificate (Form 6460) that the physical inspection has been performed.