Hello,
I can use some help with the loan purpose. We made a temporary financing loan for the purpose of a major renovation to the property the borrower currently owns. The loan was replaced by a permanent loan. We are not reporting the temporary loan, but are the permanent. Would the permanent loan be a refinance or a home improvement? Thank you for your help!

You'll find two schools of thought on this, but i'd report it as a refinance (assuming there is no new money with the new loan) as i see nothing in Reg. C or the GIR that would indicate any other reporting purpose.

ETA: this is also assuming that your loan isn't two-phase, which from your post seems to be a correct assumption.

Thank you for your help!