Co-Tenant Borrowers

Requirements

If a Co-Tenant Borrower Co-Tenant BorrowerBorrower consisting of tenants-in-common that own the Property in equal or unequal shares. is not an individual or a trust holding title to assets of an individual, each Key Principal Key PrincipalPerson who controls and/or manages the Borrower or the Property, is critical to the successful operation and management of the Borrower and the Property, and/or may be required to provide a Guaranty. must execute the applicable Guaranty GuarantyPayment Guaranty, Non-Recourse Guaranty, or other guaranty by a Guarantor for the Mortgage Loan. per  Part III, Chapter 9: Small Mortgage Loans, Section 902: Key Principal Guaranty Obligation .

A Co-Tenant Borrower Co-Tenant BorrowerBorrower consisting of tenants-in-common that own the Property in equal or unequal shares.  must be

• an individual who is not a Foreign Person Foreign PersonPerson who is not: a United States citizen; a legal permanent resident of the United States; or an entity organized and existing under the laws of the United States of America, or its states or territories.  ,
• a single-asset entity, or
• a multi-asset entity.