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#2278280 - 11/29/22 03:09 PM CRA Small Business - Cash out to Invest in R/E
Love Cruising Offline
Gold Star
Joined: Dec 2019
Posts: 275
We have a loan to recapture equity on a realestate property leased to a doctor. Our customer is recapturing equity to invest in R/E opportunity.the loan is for $1 million. Would this still have to be reported as small business? we don't know where the funds will be used and I feel it should not.

Appreciate your input.

Thanks,

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#2278304 - 11/29/22 06:43 PM Re: CRA Small Business - Cash out to Invest in R/E Love Cruising
Inherent_Risk Offline
Platinum Poster
Joined: Jan 2017
Posts: 605
Why wouldn't it?

How will it hit your call report? Seems like a non-farm, non residential RE loan for less than or equal to $1 million to me, but most of the terms you used aren't really defined anywhere, so maybe I'm missing something.

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