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 FAQs This document was created as an attempt to help frame the current HVCRE situation, as it related to the 504 loan program. This document is not a replacement for direct guidance from the agencies themselves (OCC, FDIC, and Federal Reserve). Banks with questions about the HVCRE classification of a particular loan case should contact their