I'm pretty sure I am right about this, but it never hurts to get another opinion as I am fairly new to the small business side of HMDA!
This loan closed in May. It was for an extension of a 6-month draw note, which will now mature in Nov 2013. Payments are interest-only. The purpose of the loan is HI, to rehab an apartment in a building the borrower owns. In November, the loan will be converted into a 3-year term loan with principal and interest payments, maturing November 2016. The improvements will be completed before the conversion.
IMO, I think that we should report the November loan once the draw is converted into a term loan.