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Project Data
<br />Operating Ecenanna Assumptions
<br />Project'.
<br />Wesluleo House
<br />Vecan'Rale Coal OnIta
<br />5.00%
<br />Vacancy Rate PSH Units
<br />5.00%
<br />Total O11te
<br />65
<br />Income Indolor
<br />2.00%
<br />Expense ln0abr
<br />3.00%
<br />-andAm.
<br />2.12
<br />RE Tax lnnator
<br />ZEArs
<br />Unlb Per Acre
<br />40.09
<br />OOiIDOA
<br />YES
<br />Ccnstmctlan Loam
<br />Conetructian Period
<br />30
<br />4%0r 0% Flnenon,
<br />4.00%
<br />tam Amount
<br />40,200,000
<br />Federal Tax Credit Ends
<br />0.925
<br />Loan Fee,
<br />O.So°b
<br />Tea -Exempt Loon
<br />Wo.a 0343
<br />1.Nol
<br />Taxable Lose
<br />$16,2C965]
<br />2.25%
<br />Conrad Loan Rate
<br />2.60%
<br />Permanent Loans Feo
<br />Intmast Amorlluman Amount
<br />Perm ane or Leone
<br />4.11% add
<br />14,01
<br />SWI Deal Loans
<br />Interest
<br />a rdi
<br />PROJECT UNIT MIX
<br />MONTHLY
<br />ACT
<br />BEDROOM$
<br />61
<br />UNITS
<br />MOR
<br />PERCENT
<br />GROSS
<br />UTILITY
<br />NETTGAC
<br />PSV ANNUAL
<br />TCAC RENT
<br />ALLOWANCE
<br />RENT
<br />CONTRACTRENT$ RENTALINCOME
<br />30%
<br />1
<br />40P523
<br />23
<br />0
<br />27%
<br />762
<br />0
<br />OG
<br />1.a. 516202 00
<br />30%
<br />2
<br />756
<br />3
<br />1
<br />4%
<br />915
<br />0
<br />915
<br />2X19 82,008.00
<br />Li
<br />3
<br />9331.101
<br />21
<br />0
<br />25-A
<br />1,057
<br />76
<br />081
<br />0 247212.00
<br />60%
<br />3
<br />933.1,101
<br />13
<br />0
<br />15%
<br />2.114
<br />16
<br />2038
<br />O 31✓WS.0
<br />DOES,
<br />4
<br />1.178
<br />16
<br />D
<br />10%
<br />1.179
<br />95
<br />1D84
<br />D 208,12600
<br />60%
<br />4
<br />1,170
<br />8
<br />0
<br />10%
<br />2,35a
<br />05
<br />2.3
<br />0 217.248.00
<br />TOTAL
<br />64
<br />1
<br />iW%
<br />1,68T,016
<br />CONSTRUCTION SOURCES
<br />TOTAL
<br />Demanded Loan
<br />$40,A)ED00
<br />Not Investor Early
<br />84,773,500
<br />OCNET
<br />rdbbi 349
<br />AR, of Sent. Ana
<br />$31001,341
<br />COP 02 LLC
<br />$350,000
<br />DDF
<br />$811,9an
<br />TOTAL SOURCES
<br />$51,45C.I.
<br />PERMANENT SOURCES
<br />PC AL
<br />Not lnvoaer Equi,(Fndomll
<br />$19,004000
<br />Permanent Loan
<br />siAbliftecan
<br />CDP 02 LIFE
<br />$350,000
<br />ocHFT
<br />SLa5g3ne
<br />Cry of Santa Ane
<br />$3.904,341
<br />Ni
<br />bT,31253]
<br />County of Orange MH$A
<br />$a.250280
<br />Perri Developer Fee
<br />$1. W0,613
<br />TOTAL SOURCES
<br />$11.41 120
<br />30.00% 63
<br />35,00% 0
<br />400a% 0
<br />45.00% 0
<br />SOOrP, O
<br />5500% 0
<br />So.00% 21
<br />ToPlAnortleale e4
<br />Manager Unit 1
<br />TOTAL UNITS 05
<br />Stabilized Cash Flow
<br />INCOME
<br />TOTAL
<br />PER UrvR
<br />Goi Potential Rental hams
<br />1.SBT.010
<br />U.S.
<br />Laundry Neome
<br />12,240
<br />144
<br />Gmaa Premedical maome
<br />0
<br />0
<br />Vaeenry and Collection
<br />bma.ri31
<br />PUT)
<br />EFFECTIVE GROSS INCOME
<br />1.520,053
<br />1T,803
<br />EXPENSES
<br />TOTAL
<br />PER UNIT
<br />Cgolamft Edrue—a
<br />553,108
<br />7.684
<br />Omer( 1
<br />O
<br />o
<br />Saalel services
<br />42,500
<br />500
<br />Raaanea
<br />D
<br />D
<br />TOTAL EXPENSES
<br />096,00E
<br />8,104
<br />NET OPERATING INCOME c24305 9,690
<br />TOTAL DEBT SERVICE
<br />NET CASH FLOW Hill
<br />CONSTRUCTION USES OF FUNDS
<br />TOTAL
<br />Lana r Acquisition Cots
<br />a0.BT5000
<br />Tolol Hard Costs
<br />$31,540,120
<br />Hard Card Carlin,
<br />$11"'AW
<br />ConrF,S..n lots,. l
<br />$2,150,000
<br />Loan Fees
<br />$381,70D
<br />Sort Co..
<br />$6,017,121
<br />Operating Reservns
<br />$352.973
<br />Soft Cosh Contingency
<br />$207,000
<br />Dev ere.1 Fee
<br />San ads
<br />TOTAL DEVELOPMENT COSTS
<br />$51,490,120
<br />PERMANENT USES OF FONDS
<br />TOTAL
<br />Land/ AsquIs111on Cards
<br />$6,"i
<br />Total Hand Caere
<br />Cal El. 120
<br />Piano Cost Continpeney
<br />$1, 577 406
<br />conalmnlon lm m.
<br />$2 ISO 0.
<br />Loan Tube
<br />$361,700
<br />son Goa.
<br />$6,017,11
<br />Operating ResOn s
<br />$SUal
<br />Son Coen Cantinpen,
<br />$287,800
<br />oevelopm Film
<br />2 Eo0 beR
<br />TOTAL DEVELOPMENT COSTS
<br />$51 p90,120
<br />BASIS CALCULATIONS
<br />Trani Bests 129,50],3]7
<br />Ellyblo Do- 40,492,036
<br />Rotludlon 0
<br />Tonal Adjusted EII91We Bash
<br />52.63.47
<br />ODArOCT Boost
<br />13o°L
<br />TMal Qualified Basis
<br />52,639,647
<br />Credo Pro
<br />4.00°%
<br />Total Available Annual Credits
<br />2,1o5,586
<br />Total Pounds. Fedmal Credits
<br />2,105,580
<br />Credit Priw
<br />0
<br />Net Investor For
<br />10 ag4,o00
<br />Total Requested Star. Credits 0
<br />Credit Price 4000
<br />Net Investor Equity 0
<br />RECTALNE.TIRRESTOR EQUITY$19,094,00000'
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