; (3) does not include any loan made prior to January 1, 2015; and (4) does not include a credit facility reclassified as a Non-HVCRE ADC loan under subsection (d). (c) Value of contributed real property For purposes of this section, the value of any real property contributed by a borrower as a capital contribution shall be the appraised value of the property as determined under standards prescribed pursuant to section 1110 of the Financial Institutions Reform, Recovery, and Enforcement Act of 1989 ( 12 U.S.C. 3339 ), in connection with the extension of the credit facility or loan to such borrower. (d) Reclassification as a Non-HVCRE ADC loan For purposes of this section and with respect to a credit facility and a depository institution, upon— (1) the completion of the development or construction of the real property being financed by the credit facility; and (2) cash flow being generated by the real property being sufficient to support the debt service and expenses of the real property, in either case to the satisfaction of the depository institution, in accordance with the institution’s applicable loan underwriting criteria for permanent financings, the credit facility may be reclassified by the depository institution as a Non-HVCRE ADC loan. .