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PROJECT SUMMARY
<br />Aar Mar Apartments - Roseville ioo „�� 26-Jul-OS Roseville
<br />ESTIMATED LSES OF CAPITAL FIJNDS Totals
<br />Purchase/Acquisition/Real Esrate: 5,700,000
<br />Hard Conmucrian: 4,402, 700
<br />Consuucrion Contingency a.0% 174.708
<br />Env'vonmental - (investigation, remediarion, eu) 50.000
<br />Fees (nwn�c, �;uemaq, �ign, �m, F�uciog, ti�, con�wc�;oa coo w�.oc n��o�mc, ncwunnne,am.) 1,525,630
<br />Of}ltf SOR COSLS (Conswctian Intcest, HuWing, hy[keting, Tues, Equipmmt. SAC/WAC, Itelouriaq Etc.) 21,000
<br />Inirial Operaring & Replacement Reserves 300.000
<br />Total Project Development Cost: 12,174,038
<br />Per Unit 121,740
<br />ESTIMATED SOURCES OF CAPITAL FUNDS
<br />Notes Y/N Status Rete Term Amount PerARUnit PerUnit Totals
<br />Deb[ Service Loans 2,248,959
<br />Ist �tortgage Y proposed 2,248,959 zz,490 zz,a90 ie.a�i
<br />N proposed o 0 O.oO°i
<br />0 0.00'Y
<br />Equity/GP Loans/Deferred Dev Fees 5,820,390
<br />General Pariner Equity N proposed 0 0 0.00%
<br />Geuecal Partuer Uef Dev Pees - Loan 1 Y proposed 30Q000 3,000 3.00o Z.a6^/,
<br />Geueral Parmer Loan 2 N 0 0 0.00°�
<br />Limited Yartner L^quiry, L1HTC s51,590 Y proposed 5,52Q390 ss.zoa 55,2oa as.aai
<br />LP Lquiry, Historic Rehab Tax Credits N 0 0 0 o.00i
<br />New Markets Tax Credit Equity 0 0
<br />City Roseville o 805,462
<br />TIP n4ortgage Y proposed 305,462 7,055 3,055 z,s� i
<br />HRA - CDBG - Other Y proposed 500,000 S,000 s,000 a, u i',
<br />Other o o pooi'
<br />State of Minnesata o 1,400,000
<br />MN Housing Finance Agency N proposed 1,400,000 Ia,aoO 14.000 1 t.so°�
<br />N proposed p
<br />Regional 0 1,400,000
<br />Ramsey County Y proposed 600,000 6.000 6,000 a.91i
<br />Met Council Livable Communities Y proposed 700,000 7,000 7,000 5.75 %
<br />Met Couacil - LHl Y proposeei 100,D00 1,00o I,OOO 0.82 i
<br />Met Council - IHA Y proposed o 0 o.00i
<br />Federal Government Q
<br />Federal ] LY 0 0 0 0.00/
<br />Pederal2 N 0 0 0 0.00/
<br />FoundaHoo/Other 500,302
<br />Family Housing Fuvd Y proposed 400,000 a,000 a,000 3,z9 i
<br />Federal Home Loaa Bauk Y proposed 0 0 o O.00°i
<br />�' 0 0 0 0.00%
<br />CorporalionsBusinesses Y proposed 50,000 500 500
<br />o.ai e
<br />Other - Foundarioo/Reli ious Communiry 'V 50.302 so1 503 o.ai i
<br />Su b-Total: 12.175.112
<br />Ga /Surplus Surplus of: 1.074
<br />Total Sources of All Funds Needed: 12.174,038
<br />'`Totlai Public Sources 3;105,462 'iotal Non-Public Sources ` 8;569.650
<br />�6°�a 70%
<br />Public per unit 31,055
<br />12,174;038
<br />25% TDC covered by debt
<br />48% TDC covered by equiry
<br />Har Mar Pro Forma216/068:02 AM
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