“Institutional investor” means a person who, in the regular course of business, makes commercial mortgage
loans of more than $250,000 that are funded exclusively from one or more of the following
1. The person's cash, corporate capital or warehouse credit lines at a depository
financial institution or other sources that are liability items on the person's financial
2. Correspondent contracts between the person and another institutional investor or
between the person and a depository financial institution, trust company, profit-sharing
or pension trust, installment lender or insurance company.
3. An affiliate's cash, corporate capital or warehouse credit lines at a depository
financial institution or other sources that are liability items on the affiliate's
financial statements for which the affiliate's assets are pledged. As used in this subsection, “affiliate” means another person who, directly or indirectly through one or more intermediaries,
controls, is controlled by or is under common control with the person who is the institutional
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