Would a loan to a business to refinance a building that that has a non-profit as a tenant be any way considered a community development loan? The loan is over 1MM and the non-profit works to help LMI individuals/communities and has an 8-year lease in the building. Thank you

How are the proceeds being used? Is the non-profit already in the building?

Yes, the non-profit is already a tenant in the building. The loan is to refinance the construction loan for the building taken elsewhere into a permanent loan.

So you are not funding the non-profit but you are funding the developer's mortgage. I don't think this has a very good chance of qualifying for CD. Is it in a LMI tract? Maybe you could claim it under the Revitalization/stabilization definition.

Thanks Len!