We have a loan to an LLC that owns an apartment complex with below market rents. The loan matured in June and was renewed with a new loan for 120 days since the borrower has the property listed for sale. Can we count this as a CDL even though it is a short term loan and property is for sale?

If you can establish the majority of tenants are LMI and the rents are affordable I believe you can get credit because this sounds like a "renewal" as defined in the regulation (subject to the once-per-year rule).

Thanks, Len!