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:
HVCRE exposure ceases to be an HVCRE exposure when it is converted to permanent financing. in accordance with the banking organizationâs normal lending terms, or is paid in full. Generally, this would involve a new credit facility in the form of a term loan replacing the ADC. facility.