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