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Wostvlow House project Summary ON31122
<br />Project Data
<br />Opened, Economic Mwmptlans
<br />Project
<br />Westvlow Home
<br />Vecnncy Held Non-PSH Units
<br />5.00°%
<br />Vacancy R.I. PER MAIL.
<br />SUN
<br />Total Unite
<br />OS
<br />Irmo lnNbr
<br />2,00%
<br />Eq,mo ln0 e,
<br />3,00%
<br />Im m Area
<br />2.12
<br />RE Tau milalol
<br />200%
<br />Units Per Arm
<br />4U.09
<br />OCTNDA
<br />YES
<br />Consllucllon Loans
<br />Conslrudion Period
<br />30
<br />4%or 0%Flnandra
<br />400%
<br />Loon Amaunl
<br />40,200, OW
<br />Federal Tax Crack Eric
<br />0.925
<br />Leon Tee
<br />0,60%
<br />Tax Exempt Loan
<br />$23,990.343
<br />1.95°%
<br />Tumble Loan
<br />$16,MAr,,
<br />2.25°%
<br />Blended Loan Rate
<br />2.e0%
<br />Pc,.anonLLoane Foe
<br />Interest A—flaalon Amount
<br />Permanent Loan,
<br />4,11% 480
<br />1d,O5000o
<br />Soa Uebl Leon,
<br />Interest
<br />a oD%
<br />PROJECT UNIT MIX
<br />MONTHLY
<br />AMI
<br />BEDROOM.
<br />SF
<br />UNITS
<br />MGR
<br />PERCENT
<br />GROSS
<br />UTILITY
<br />NETTCAC
<br />PBV
<br />ANNUAL
<br />TCAC RENT
<br />ALLOWANCE
<br />RENT
<br />C0NTRACTRENT3
<br />RENTALINCOME
<br />30%
<br />1
<br />484523
<br />23
<br />0
<br />27%
<br />782
<br />D
<br />7C
<br />1,NO
<br />615,NAN
<br />30%
<br />2
<br />756
<br />3
<br />1
<br />4%
<br />915
<br />D
<br />aft
<br />290
<br />B2,o0800
<br />30%
<br />3
<br />OUC 1,1.1
<br />21
<br />0
<br />25%
<br />1,057
<br />78
<br />9B1
<br />O
<br />247212.00
<br />60%
<br />3
<br />933.1,101
<br />13
<br />0
<br />is%
<br />2,114
<br />76
<br />2,038
<br />0
<br />317'.S.
<br />30%
<br />4
<br />1,178
<br />16
<br />0
<br />19%
<br />1, 179
<br />95
<br />1.0.4
<br />0
<br />2D9,12800
<br />no%
<br />4
<br />1,178
<br />B
<br />0
<br />10%
<br />2.358
<br />95
<br />2,263
<br />0
<br />217.240.00
<br />TOTAL
<br />84
<br />1
<br />100%
<br />TIND B10
<br />CONSTRUC¶ON SOURCES
<br />TOTAL
<br />Odam dice, Loen
<br />$In D. o00
<br />Bad Investor Equlty
<br />$4]i3esO
<br />CCHFT
<br />$1,450,349
<br />CRY of Santa And
<br />$3,904,341
<br />CDP OZ LLC
<br />$350,000
<br />REF
<br />$811,030
<br />TOTAL SOURCES
<br />$61,490,120
<br />PERMANENT SOURCES
<br />TOTAL
<br />Net lnvesror FLUID(Faceral)
<br />$19,004,000
<br />pdrianenlwen
<br />$14050000
<br />CDP OZ LLD
<br />$350000
<br />CCHFT
<br />$1,460, Wsr
<br />Gry 0f Santa Ana
<br />$3,901,341
<br />NRH
<br />$7,312,537
<br />Coady of Orange MHSA
<br />$4,250,280
<br />Deferred Developer Fee
<br />$1,O70,613
<br />TOTAL SOURCES
<br />$611,49g120
<br />AMI
<br />NO. UNITS
<br />"Wo;
<br />03
<br />35.00%
<br />g
<br />4000%
<br />0
<br />45D0%
<br />0
<br />E9,o0%
<br />0
<br />EEOD3$
<br />a
<br />BO.%
<br />21
<br />ToOlAOadirbe
<br />84
<br />MA,G Hit
<br />1
<br />TOTAL UNITS
<br />85
<br />Stabilized Cash Flow
<br />INCOME
<br />TOTAL
<br />PER UNIT
<br />Gross Pdential Rental Income
<br />1, 587,816
<br />16,580
<br />Leuntlry mace
<br />1$240
<br />144
<br />Ora, Commerdel home
<br />0
<br />0
<br />indoor, and Collodion
<br />(oO0C3)
<br />(041)
<br />EFFECTIVE GROSS INCOME
<br />Lfted,053
<br />11,883
<br />EXPENSE.
<br />TOTAL
<br />PER UNIT
<br />Cpomling &pores
<br />653,168
<br />7,604
<br />Other( )
<br />0
<br />0
<br />Social &e d'se,
<br />42.0
<br />560
<br />Recervie
<br />0
<br />0
<br />TOTAL EXPENSES
<br />605,06
<br />SI"
<br />NET OPERATING INCOME 8243B5 91,09
<br />TOTAL DEBT SERVICE
<br />NET CASH FLOW Ias I.2
<br />CONSTRUCTION USES OF FUNDS
<br />TOTAL
<br />Lena l Acgl,iflion Coale
<br />$6 W5.000
<br />Total Hard Came
<br />$31648,120
<br />Hard Cal Conlim.-,
<br />$1,W7406
<br />Conslrudlon ORered
<br />$2,150,.0
<br />Loen Fen
<br />$301700
<br />Soft Coate
<br />$$, 017, 121
<br />Opmmn9 R,,e,.a
<br />$352 W3
<br />sea CAN Cardigan,
<br />$267,800
<br />Developer Fee
<br />P. 500000
<br />TOTAL DEVELOPMENT COSTS
<br />$61,4e0120
<br />PERMANENT USES OF FUNDS
<br />TOTAL
<br />Land r Acquisition Casts
<br />strand,Oa.
<br />Tatel Hard Costs
<br />$31.545,120
<br />Hertl Cod Ccnllagenry
<br />$1.577,400
<br />Commanded Indeed
<br />$2,150.BBD
<br />Loan Feed
<br />$301.Gan
<br />SAO Caere
<br />50017.121
<br />.petering Ra erves
<br />$35297S
<br />Sol Cox% CoM,gre,
<br />$2W.BOO
<br />oeadiovat Fam
<br />NO 000
<br />TOTAL DEVELOPMENT COSTS
<br />$51,400.120
<br />BASIS CALCULATIONS
<br />TMe,bda Sam 129,507,3/1
<br />Eligible Been 4op0$WB
<br />Board- 0
<br />'IONIAajuatea Eligible Basin
<br />52,639,647
<br />ODNOCT COoc
<br />130°%
<br />To%I Ouellned Reel,
<br />52839,aD
<br />Cook Nate
<br />4.00%
<br />Total Avolede Annual Credt%
<br />2,t0o Sam
<br />Told Renodded Formed Crotllb
<br />ziAd m
<br />Coral Pace
<br />o
<br />Net lnvesror Equlty
<br />10,054,000
<br />TWO Rrquoataa Stale Crean. D
<br />crea Price $0, 00
<br />NeUnvesd, Equlty D
<br />2A7Fil C9E7�NhFE3TAC3$gUITY __ S]s;us4,0oa:so':
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