Well, there is no one correct answer to the question. It would be a maybe.
Since it will not be a residence of the executive officer, it is not eligible for an exception under 215.5(c)(2).
Therefore, the loan will fall under the category of loans described in 215.5(c)(4) and be limited to a maximum dollar amount of $100,000.
So, it really depends on how much of a loan to which you are referring and whether the executive officer has any other loans currently in the 215.5(c)(4) category.