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SOURCES AND USES OF FUNDS <br />The Crossroads at Washington • Updated Closing Proforma (07) <br />Related Companies of California <br />wnsrrucnon sources ane uses <br />Construction Sources <br />Construction Loan <br />34,919,045 <br />City Residual Receipts Loan (Land Value) <br />4,108,136 <br />Tax Credit Equity <br />2,469,639 <br />City Residual Receipts Loan <br />4,644,909 <br />Orange County Residual Receipts Loan (Land Value) <br />2,341,864 <br />OCHFT MHSA Loan (2021 PSH NOFA) <br />2,500,000 <br />Housing Authority of the City of Santa Ana and County of Orange (Environmental Remediation Funding) <br />300,000 <br />GP Equity <br />100 <br />Deferred Developer Fee (50%of $2,499,000) <br />1,249,500 <br />Operating Deficit Reserve <br />381,910 <br />Deferred TCAC Monitoring Fee <br />35,000 <br />Total Construction Sources 52,950,103 <br />Construction Uses <br />Total Development Cost 52,950,103 <br />Amount Over/(Under) <br />Sources <br />Tax Credit Equity <br />24,696,393 <br />Permanent Loan Note A <br />485,000 <br />Permanent Loan Note B (SAHA PBV Tranche B Loan) <br />4,845,000 <br />Permanent Loan Note B (OCHA PBV Tranche B Loan) <br />6,378,000 <br />City Residual Receipts Loan (Land Value) <br />4,108,136 <br />City Residual Receipts Loan <br />4,644,909 <br />Orange County Residual Receipts Loan (Land Value) <br />2,341,864 <br />Orange County PSH Loan <br />2,650,701 <br />OCHFT MHSA Loan (2021 PSH NOFA) <br />2,500,000 <br />Housing Authority of the City of Santa Ana and County of Orange (Environmental Remediation Funding) <br />300,000 <br />GP Equity <br />100 <br />Total Permanent Sources 52,950,103 <br />Uses <br />Total Development Cost 52,950,103 <br />Amount Over/(Under) <br />