 |
221(d)(4)
Substantial Rehabilitation Sample Transaction
Credit Enhancement
| Location: |
|
Marion County |
| # Units: |
|
261 |
| Bond Amount: |
|
$ 8,000,000 |
| Bond Rate: |
|
5.13% Fixed |
| All In Constant: |
|
6.39% (includes MIP) |
| Term/Amort: |
|
40 |
| Total Costs: |
|
$ 10,824,000 |
| Loan-to-Costs: |
|
74% |
| Tax Credit Equity: |
|
$ 2,099,000 plus $850,000 SHP |
| SPRA: |
|
$ 127,400 |
| Borrower Equity: |
|
$ 0.00 |
| Operating Deficit Reserve: |
|
$ 332,600 |
| Working Capital Reserve: |
|
$ 160,000 |
| Contact: |
|
Teri
Ingles (813)
289-9410 |
221(d)(4) Sample Transaction
| Location: |
|
Pasco County |
| # Units: |
|
252 |
| Loan Amount: |
|
$ 17,504,000 |
| Interest Rate: |
|
5.25% Fixed |
| All In Constant: |
|
6.55% (includes MIP) |
| Term/Amort: |
|
40 |
| Total Costs: |
|
$ 19,450,000 |
| Loan-to-Costs: |
|
90% |
| BSPRA/Land Draw: |
|
$ 1,580,000 |
| Borrower Equity: |
|
$ 280,000 (1.6%) |
| Operating Deficit Reserve: |
|
$ 115,700 |
| Working Capital Reserve: |
|
$ 350,800 |
| Contact: |
|
Beth
Bellner (407) 880-9900 |
1715 N. Westshore Boulevard • Suite 700 •
Tampa, Florida 33607
(813) 289-9410 • FAX (813) 289-5580
E-mail: mail@firsthousingfl.com
|
|
|
|
