Laserfiche WebLink
TABLE 3 <br />FINANCIAL GAP CALCULATION <br />FRANCIS XAVIER RESIDENCE <br />SANTA ANA, CALIFORNIA <br />I. Available Funding Sources <br />Permanent Loan <br />Net Operating Income <br />Income Available for Mortgage <br />Interest Rate <br />Permanent Loan <br />No Place Like Home (NPLH) Loan <br />Deferred Developer Fee <br />Total Available Funding Sources <br />II. Financial Gap Calculation <br />Total Available Funding Sources <br />(Less) Total Construction Costs <br />E <br />$54,300 NOI (See Table 2) <br />1.18 DCR $45,929 Debt Service <br />6.15% Interest Rate 10.22% Mortgage Constant <br />e <br />2 73% Total Developer Fee <br />$449,000 <br />$2,350,000 <br />$365,000 <br />$3,164,000 <br />$3,164,000 <br />(4,195,000) <br />III. I Financial Surplus / (Financial Gap) 12 Units ($85,900) /Unit ($1,031,000) <br />1 Assumes a 1S-year amortization term. <br />2 Based on Developer estimate. <br />Prepared by: QN6PM49PRssociates, Inc. 3_3,� 16 — 43 12/7/2021 <br />Filename: Francis Xavier Residence PF_1 9 19; Pro Forma; trb <br />