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815 N Harbor <br />Version: 70 Units- Mixed Income; 50 %, 60 %, and 110 0/c AMI <br />SOURCES OF FUNDS <br />PERMANENT SOURCES <br />Total <br />Amount <br />Interest <br />CCRC <br />$10,340,990 <br />5.10 0/a <br />CCRC(Tranche B) <br />$758,500 <br />5.10% <br />City of Santa Ana - NSP <br />$2,000,000 <br />City of Santa Ana - NSP <br />$880,000 <br />BofA Subordinate Loan Program <br />$1,400,000 <br />City of Santa Ana - HOME <br />$380,000 <br />Deferred Developer Fee <br />$918,300 <br />General Partner Equity <br />$100 <br />7.5% of Total Equity. <br />Limited Partner Equity <br />$5,727,447 <br />TOTAL <br />$22,405,337 <br />Refer to Development Budget for Details. <br />vs. TDC <br />$22,405,337 <br />Financing Surplus /(Gap) <br />$0 <br />Term <br />(Yrs) Comments <br />35 Bond Rate (Inc. Cushion) <br />15 Eight (8) Project Based Vouchers <br />B[] <br />Federal Tax Credit Pricing: $1.00 <br />CONSTRUCTION SOURCES <br />Total Term <br />Amount <br />Interest (Mnts) Comments <br />Bank of America <br />$14,085,889 <br />2.810/4 24 Bonds sized at 66.82% of Aggregate Basis <br />City of Santa Ana - NSP <br />$2,000,000 <br />City of Santa Ana - NSP <br />$880,000 <br />BofA Subordinate Loan Program <br />$1,400,000 <br />City of Santa Ana - HOME <br />$380,000 <br />Deferred Developer Fee <br />$918,300 <br />General Partner Equity <br />$100 <br />Limited Partner Equity <br />$1,431,862 <br />7.5% of Total Equity. <br />Dev, Fee Deferred Until Completion <br />$649,226 <br />Other Costs Deferred Until Completion <br />$659,960 <br />Refer to Development Budget for Details. <br />TOTAL <br />$22,405,337 <br />vs. TDC <br />$22,405,337 <br />Financing Surplus /(Gap) - <br />$0 <br />