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:
â¢What does not qualify? âBorrowed Money â¢Debt of Borrower, whether secured subordinated financing of Borrower or unsecured debt of Borrower (FAQ Response Nos. 5 and 16 âOther Collateral Pledged in Support of the Loan (e.g., cannot pledge another asset to Lender to satisfy requirement) HVCRE Exception 4 â Clause (ii)