Clarifying a Dodd Frank issue

[Kim Gough]

I was hoping someone could clarify a Dodd Frank issue for me. I am working with a CEO of a company who is purchasing a residential property as a company investment and corporate headquarters. The company is a well established organization with tax returns and profits. He had a lender (private) that would have provided 50% of the purchase price, but the CEO will lease the property to live in as well from the company. This lender is stating that it then becomes a consumer loan? I've had another lender state that isn't true, that a corporation can purchase a property and rent/lease the property to the CEO/owner as long as the company isn't a shell company created specifically for this purchase. The lender is nervous that if he defaults then they have no recourse to recover their loan. The property itself is valued above the purchase price. What is the truth regarding Dodd Frank?