Imagine a school-community that successfully embodies a culture that is at one with our highest moral aspirations, and that throughout the life of this school -- in the teachers, in the curriculum, in the hallways, in the lunchroom, on the bulletin boards, etc. -- these moral aspirations live as social reality.
HVCRE is defined to include credit facility that, prior to conversion to permanent financing, finances or has financed the acquisition, development, or construction (ADC) of real property, unless the facility finances:
In addition, certain commercial ADC loans may also be excluded from HVCRE classification if they meet certain requirements, such as minimum supervisory loan-to-value (LTV) ratios and adequate capital contributions from the borrower.