Loan with mixed used collaterall. I have a loan for which the collateral property is a commercial building. In the mix they included a 5 unit multifamily in bad condition. For CRA purpose the property that you are using as collateral is the one that would be supporting the CRA purpose, is that correct? The loan is under $500,000. I dont believe this loan would qualify for CDL, under multifamily, funds are being used for a number of purposes and the collateral is a commercial building and the loan is not over $1 millioin, part of the funds are for working capital.

Appreciate your guidance.

The first question to ask and answer would be, what is the primary use of the mixed-use property?
Are the rental units affordable for low- or moderate-income tenants?
Is the property located in a LMI tract?
Will the loan be reported as a business loan?
MF doesn't qualify for CD credit unless the apartments are affordable.
There's lots of considerations.