|
Mercy House-- µ
<br />;Louis Martin Residence
<br />19511 S Mills End Road, Anaheim, CA 92804 FINAL-4 rental bedrooms/1 on-s ite manager
<br />l S ummary
<br />
<br />3
<br />Ass
<br />umes no prevailing wages
<br />- --- - - - -
<br />DHV,ELPPMENi°3CHEDULE
<br />- - -
<br />`-
<br />"
<br />-?-?
<br />DE6IFNANGIN6ASSUMPFIONS-?-----
<br />Bedrooms for Rent 4 CONSTRUCTION LOAN:
<br />Manager's Units 1 Construction Loan Interest Rate 5.000%
<br />Total Number of Bedrooms 5 Loan Fee 1.00%
<br />Density Per Acre
<br />Construction Start PERMANENT LOAN:
<br />Completion/Certificate of Occupancy Permanent Loan Rate 0.000%
<br />Constriction Period (Months) 3 Permanent Loan Constant 3.33%
<br />Start of Leasing Loan Points and Fees
<br />00
<br />Units Leased per Month Debt Service Coverage Ratio 1,20
<br />Stabilized Occupancy Loan Underwriting Term (Years) 30
<br />Lease-Up Period (Months) Maximum Loan to Value Ratio 75.00°/
<br />Permanent Loan Takeout Capitalization Rate 6.50%
<br />Total Months - Const Start to Takeout Project Value (NOI/Cap Rate) $ 21,685
<br />
<br />s0 RG?
<br />NO•USES
<br />FUNUS -
<br />:a
<br />QF
<br />"
<br />'-
<br />'
<br />'
<br />-• Maximum Loan to Cost Ratio 100.00%
<br />.
<br />..
<br />:
<br />• ._. ;-
<br />,., .. _ _ _
<br />_:? Cash Available for Debt Service(NOI) $ 1,410
<br /> Loan to Value Ratio (restricted) $ 16,263
<br /> FsC.UIDl.aae.:cOrswcbon=:„',Pe .r', FrRe1.P§ir ;> Permanent Loan $ _
<br />USES: Annual Payment $ _
<br /> Actual DSC
<br />Land/Acquisition $ 82,533 $ $ 412,663 $ 412,663 OTHER DEBT/LOANS: Redevl Loan Other Loan
<br />Design B Engineering $ 470 $ 2,350 $ 2,350 $ 2,350 Interest Rate 0.00% 0.00%
<br />Legal/FinanciaVOlher Consultants $ 1,150 $ 5,749 $ 5,749 $ 5,749 Loan Points and Fees 0.000% 0.000%
<br />Permits 8 Fees $ 500 $ 2,500 $ 2,500 $ 2,500 Loan Term Years 55 0
<br />Furniture/Fixtures $ 4,030 $ 20,150 $ 20,150 $ 20,150 j7A R?kD17 JN G GA SU Y101,5._-. - T
<br />Direct Building Construction $ 28,418 $ 142,090 $ 142,090 $ 142,090 - - _
<br />Financing Costs $ 2,916 $ 14,581 $ 14,581 $ 14,581 Credit Year 2012
<br />Marketing/General & Administrative $ 13,763 $ 68,813 $ 68,813 $ 68,813 Federal Tax Credit Rate 3.28%
<br />Developer Fees $ 13,498 $ - $ 67,490 $ 67,490 Slate Tax Credit Rate 0,00%
<br />Hard Cost Contingency $ 2,642 $ 13,209 $ 13,209 $ 13,209 Difficult to Develop% 130.00°k
<br />Soft Cost Contingency $ 1 775 $ 1,177 $ 11877 _ $ 8,877 Applicable Fraction 100.00%
<br />Total Project Uses ,..'.'$1b1,894w$ <'?^.278,319 $:? 7 ;472 i i5,If4772,1 Adjusted Eligible Basis 0
<br /> Annual Tax Credits 0
<br />SOURCES: Investor Yield on 99% of Total Credit Allocation Per Investor 90.00%
<br /> Gross Investor Contribution to Lower Tier 0
<br />Tax Credit Equity $ - $ $ - $ - Deferred Pay-In on Tax Credit Equity 0
<br />Permanent Loan $ _ $ _ $ _ $ _
<br />Construction LoanILOC $ - $ 105,179 $ - $ -
<br />Neighborhood Stabilization Program(NSP) -acquisition $ 41,266 0 $ 206,332 $ 206,332
<br />Neighborhood Stabilization Program (NSP) - rehab $ 16,628 $ 83,140 $ 83,140 $ 83,140 TCAC Actual Points
<br />Supportive Housing Program (SHP) $ 75,800 $ - $ 379,000 $ 379,000 TCAC Possible Points
<br />HOPWA $ 18,000 $ 90,000 $ 90,000 $ 90,000 Tiebreaker: Tax Credits per Bedroom
<br />Defamed Developer Fee $ - $ $ _ $ _
<br />Financing Gap: $
<br />' $ _ $ -
<br />Total Project Sources `fib'{ 694 $ = X7891? `"- b8 4T2"'. $ 758;472:; Property Taxes:
<br /> Tax Rate 125%
<br /> Existing Property Basis (per unit) 0
<br /> New Unit Basis (per unit)
<br />It SI IT' 1 FARDABI[ _ AkYSIS' -. -
<br />"-? Ground Lease:
<br /> Return on Ground Lease 0.00/
<br />Mgrs. Units Inflation Indexes: 0
<br />Bedroom Bedroom!
<br />Shared bath Private bath 1BR/1BA 2BR12BA 3BR12BA 4BW2BA Tot al Bedrooms Income Inflator 2,00%
<br />Income Expense Inflator 2.50%
<br />25.00% 0 0 0 0 0 0 0 Real Estate Tax Inflator 2.00%
<br />30.00% 0 0 0 0 0 0 0 SHP Income Inflator 2.50%
<br />35.00% 0 0 0 0 0 0 0
<br />50.00% 5 0 0 0 0 0 5
<br />60.00% 0 0 0 0 0 0 0
<br />80.00% 0 0 0 0 0 0 0
<br />Market 0 0 0 0 0 0 0
<br />Total Unit 5 0 0 0 0 0 5
<br />% 100.00% 0.0% 0.0% 0.0% 0.0% 0.0%
<br />Sq. FUUnIt 0 0 0 0 0 0 $ pst
<br />Total Resid
<br />Sq Fl 0 0 0 0 0 0 0
<br />Related Residential Sq. Ft
<br />Laundry/Community Room/Circulaflon
<br />Subtotal Square Feel - " 2,535 5q. ft.
<br />Parking 620
<br />Storage
<br /> Other Space Total 0
<br /> Total Space 3,155
<br />25H-15
|