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Construction Sources and Uses <br />Construction Sources <br />Construction Loan 35,033,056 <br />City Residual Receipts Loan (Land Value)4,108,136 <br />Tax Credit Equity 2,469,639 <br />City Residual Receipts Loan 4,644,909 <br />Orange County Residual Receipts Loan (Land Value)2,341,864 <br />OCHFT MHSA Loan (2021 PSH NOFA)2,500,000 <br />Housing Authority of the City of Santa Ana and County of Orange (Environmental Remediation Funding)300,000 <br />GP Equity 100 <br />1,253,500 <br />Operating Deficit Reserve 381,898 <br />Deferred TCAC Monitoring Fee 35,000 <br />Total Construction Sources 53,068,103 <br />Construction Uses <br />Total Development Cost 53,068,103 <br />Amount Over/(Under)- <br />Permanent Sources and Uses <br />Sources <br />Tax Credit Equity 24,696,393 <br />Permanent Loan Note A 490,000 <br />Permanent Loan Note B (SAHA PBV Tranche B Loan)4,894,000 <br />Permanent Loan Note B (OCHA PBV Tranche B Loan)6,442,000 <br />City Residual Receipts Loan (Land Value)4,108,136 <br />City Residual Receipts Loan 4,644,909 <br />Orange County Residual Receipts Loan (Land Value)2,341,864 <br />Orange County PSH Loan 2,650,701 <br />OCHFT MHSA Loan (2021 PSH NOFA)2,500,000 <br />Housing Authority of the City of Santa Ana and County of Orange (Environmental Remediation Funding)300,000 <br />GP Equity 100 <br />Total Permanent Sources 53,068,103 <br />Uses <br />Total Development Cost 53,068,103 <br />Amount Over/(Under)- <br />Deferred Developer Fee (50% of $2,507,000) <br />SOURCES AND USES OF FUNDS <br />The Crossroads at Washington - Updated Closing Proforma (v04r) <br />Related Companies of California <br />EXHIBIT 5