Laserfiche WebLink
815 N Harbor <br />Version: Preliminary Feasibility (9%) <br />Page 1 of 8 <br />Revised: 712612013 <br />SOURCES OF FUNDS <br />PERMANENT SOURCES Total Term <br /> Amount Interest (Yrs) Comments <br />Conventional Perm Loan $4,370,390 6.50% 30 <br />Conventional Section 8 Loan $719,050 6.50% 20 Based on 8 project based Section 8 vouchers <br />City of Santa Ana - NSP $2,000,000 <br />Deferred Developer Fee $792,342 <br />General Partner Equity $100 <br />Limited Partner Equity $18,405,476 Federal Tax Credit Pricing: $0.99 <br />TOTAL $26,287,358 <br />vs. TDC $26,287,358 <br />Financing Surplus/(Gap) $0 <br />CONSTRUCTION SOURCES Total Term <br /> Amount Interest (Mnts) Comments <br />Conventional Construction Loan $17,607,180 3.00% 24 <br />City of Santa Ana - NSP $2,000,000 <br />Deferred Developer Fee $792,342 <br />General Partner Equity $100 <br />Limited Partner Equity $4,601,369 25% of Total Equity. <br />Dev. Fee Deferred Until Completion $784,977 <br />Other Costs Deferred Until Completion $501,390 Refer to Development Budget for Details. <br />TOTAL $26,287,358 <br />vs. TDC $26,287,358 <br />Financing Surplus/(Gap) $0 <br />File: 130726_N Harbor prf <br />80A-138