Bank Loan on 1-3 Family converting to 1

When we purchased our brownstone in 2003, it was a 3 family and we rented out two floors.

Now we have decided to convert to a one family (tenants have already left).

Only issue is that I wasn’t sure whether I needed to inform my bank or not – we have a Chase first lien loan and I just can’t tell if our renovating the space to a one family is something we need consent or not.

Thanks in advance.

By sunspot19 |