Is a loan (over $1million) to purchase real estate that will be later developed into an industrial park in a moderate income tract count as a CD loan? What documentation would we need to support it?

Thank You.

It could ---- but it may be a difficult sell arguing stabilization. If your bank makes the loan(s) on construction of warehouses or whatever goes into the park, you may be able to argue creation of LMI jobs, but you would need to get info to support the assertion your loans are resulting in LMI job growth.

Thank You.