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EXHIBIT 4 <br />FIRST AMENDMENT TO AGENCY LOAN NOTE <br />THIS FIRST AMENDMENT TO AGENCY LOAN NOTE is made and entered into this 6`s day <br />of March, 2018, by and between WILSHIRE & MINNIE, L.P., a California limited partnership <br />("Borrower"), and the Housing Authority of the City of Santa Ana, acting as the Housing <br />Successor Agency, a public body, corporate and politic ("Agency"). <br />RECITALS <br />A. Borrower executed an Agency Loan Note, dated May 30, 2007, to secure loan <br />funding for Borrower to develop an affordable housing project on the property <br />located at 1201, 1209, 1213, 1221, 1225, 1229, AND 1233 East Wilshire, and <br />1401, 1403, 1409, 1413, 1421, 1425, 1429, 1433, 1437, and 1439 South Minnie <br />Street ("said Note'). <br />B. In accordance with the terms and conditions of said Note, the parties desire to <br />amend the "Operating Expenses" definition to increase the allowed property <br />management fee to 8% of gross rents under said Note. <br />NOW THEREFORE, in consideration of the mutual and respective promises, and subject to the <br />terms and conditions of said Note, except as herein modified, the parties agree as follows: <br />Section 2, Definitions, shall be amended to revise the definition of "Operating <br />Expenses" to increase the property management fee equal to 8% of gross rents for <br />the subject affordable housing project. <br />2. Except as hereinabove modified, all terms and conditions of said Note shall <br />remain in full force and effect. <br />Page 1 of 3 <br />80A-53 <br />