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PROJECTSUMMARY <br />The Crosaroads at Washal -Updated Closing Werra (42) <br />painted Cmnpm bs of CaiNmh <br />PmNct Dam <br />Pro(ectType <br />Swirl Nadal <br />County <br />Orange <br />Site ControlType <br />Ground Lease <br />Tend Units <br />B6 <br />Parking Spades <br />120 <br />Laid Area <br />2.29Aaea <br />had Residential Area <br />0295 SF <br />Rareaton Binding <br />6,W9 SF <br />Rohl Bulldlo95pau <br />1,443 SF <br />Cmshuclgn Mmths <br />16 Months <br />Opdraling Economk Assumptions <br />Ronlda lVecangRam(Garreral Affordable Unllsj <br />5GD% <br />R.khbndVmmayRam(PSHUnhs) <br />10CM <br />UnIl Weighted V.bm, <br />7.53% <br />Ratan Vacancy Role <br />O.0% <br />Imme InAaWr <br />3.0% <br />Expanwa late[. <br />3.0% <br />Pmpmty Tax Inflala <br />2O% <br />Replacement ReamorieBala(evary5 Years) <br />10,0% <br />CPI <br />3.0% <br />Subsidized Cash Flow <br />Year 1 <br />Gross Scheduled Rest <br />833,928 <br />Prajnal Based Voider Cuahang(COHA) <br />939,708 <br />Laundry Income <br />6,102 <br />Vacancy h CatecBon <br />(134,704) <br />ERxgve Gmee In.. <br />1,645,124 <br />Operating Expenses <br />(]49,y94) <br />Net OperaWg lnedem <br />900.330 <br />Debt$"ad (combW4 <br />(702.844) <br />Cash Flow <br />117,96 <br />OCR <br />1.15 <br />Adjusted Ill Kazis Llmil <br />$49,15$96 <br />Total Eligibte Basis ae a %of Threshold Basis Limit <br />86.4014 <br />Pournmat8ources <br />Interest Role <br />Term Ordains) <br />Amount <br />Debt Bervlca <br />Tax Credit Equlry <br />24,WC393 <br />ran <br />Permanent Loan Not, A <br />6.10% <br />15 W 140 Yr Amort <br />W.000 <br />32,429 <br />Permanent Loan Note 8(SAHA PBV Trannha B Loan( <br />6.10% <br />15 Yr 40 Yr Mort <br />4,845,000 <br />323,958 <br />Permanent Loan Nola B(OCHA PBV Tranal B Loan) <br />6.10% <br />15 Yr/4D Yr mart <br />S3n,ow <br />426459 <br />City Residual Recelple Loan (Laurel Value) <br />3.00% <br />fit <br />4,103,136 <br />No <br />Gty Residual Receipts Loan <br />3.00% <br />62 <br />4,644,909 <br />nla <br />Ordmo County Residual Receipm Loon (Land Value) <br />3.00% <br />62 <br />2,341,864 <br />N. <br />Q'angs County PSH Loan <br />3.00% <br />55 <br />2,69.701 <br />N. <br />CCHFT hWSA Use(2021 PSH NOFA) <br />3,00% <br />55 <br />2,90,000 <br />ran <br />Housing AuNaity ollho CiN of Bantu Ana and County of Crargo(Envimnmentel Remediadm Fundlag) <br />300,90 <br />Ma <br />GP Equity <br />too <br />in <br />Total <br />52,950,103 <br />782,844 <br />Source, end Uses <br />Total Paramount Smrce. 52,99,103 <br />Total Development Coat 52,99,103 <br />Ovenquiral ) <br />Cost Elllclancv l Credit RedvoOon l Public Funds <br />Co.t Efliomme 13% <br />Credu Reduction 0% <br />Nat[. Fund. Oevebpment Ratio 25% <br />38% <br />