We have a loan to a borrower who operates several health facilities, of which 82% of the patients are referred by the 11th Judicial Circuit Court of Florida,through the County Court Mental Health Program. The proceeds of the loan is to repay expenses incurred by the owners in repairs, such as the air conditiong system, rooms have been modified, patient recreation area has been expanded, new laundry, dedicine, storage, dining and television rooms have been built and new equipment purchased. Would this loan qualify under CD? The facilities are in a moderate census tract.
Last edited by Len S; 03/06/08 04:44 PM.