In re Kachina Village, LLC

MEMORANDUM OPINION

Hon. David T. Thuma, United States Bankruptcy Judge

Before the Court are a secured creditor’s motion to designate its collateral as “single asset real estate” (or “SARE”) and Debtor’s motion to set the monthly interest-only payment required if the subject property is SARE. The.crux of the dispute is whether the property comes within an exception to the SARE designation for certain residential property. For the reasons set forth below, the Court concludes that Debtor’s property does not fall within the exception, and therefore is SARE. The Court also concludes that the…