In general
The term “qualified real estate loan” means any loan—
(A) secured by— (i) rural or agricultural real estate, or (ii) a leasehold mortgage (with a status as a lien) on rural or agricultural real estate,
(B) made to a person other than a specified foreign entity (as defined in section 7701(a)(51)), and
(C) made after the date of the enactment of this section.
For purposes of the preceding sentence, the determination of whether property securing such loan is rural or agricultural real estate shall be made as of the time the interest income on such loan is accrued.
(A)#
secured by—
(i) rural or agricultural real estate, or
(ii) a leasehold mortgage (with a status as a lien) on rural or agricultural real estate,
(A)(i)#
rural or agricultural real estate, or
(A)(ii)#
a leasehold mortgage (with a status as a lien) on rural or agricultural real estate,
(B)#
made to a person other than a specified foreign entity (as defined in section 7701(a)(51)), and
(C)#
made after the date of the enactment of this section.