 |
223(f) Sample Transaction
| Location: |
|
Jacksonville |
| # Units: |
|
152 |
| Loan Amount: |
|
$ 4,135,900 |
| Interest Rate: |
|
7.0% Fixed |
| All In Constant: |
|
8.48% |
| Term/Amort: |
|
30 |
| Value: |
|
$ 4,730,000 (As Complete) |
| CAP Rate: |
|
9.0% |
| Loan-to-Value: |
|
84% |
| Loan-to-Costs: |
|
93% |
| Borrower Equity: |
|
$ 284,467 (7%) |
| Repair Escrow: |
|
$ 600,000 ($ 3,947/Unit) |
| Reserve for Repl. Escrow: |
|
$ 270,000 ($ 1,776/Unit) |
| Contact: |
|
Teri
Ingles (813)
289-9410 |
|
|
|
221(f) Sample Transaction
Credit Enhancement
| Location: |
|
Bradenton |
| # Units: |
|
174 (Built 1985) |
| Bond Amount: |
|
$ 6,885,000 (Plus Premium Price Payment of $ 292,803)
|
| Bond Rate: |
|
6.72% Fixed
|
| All In Constant: |
|
7.93%
|
| Term/Amort: |
|
35
|
| Value: |
|
$ 8,350,000
|
| CAP Rate: |
|
8.1%
|
| Loan-to-Value: |
|
82%
|
| Loan-to-Costs: |
|
94% (98.2% With Premium Pricing)
|
| Borrower Equity: |
|
$132,765 (1.8%)
|
| Repair Escrow: |
|
$ 151,200
($ 869/Unit)
|
| Reserve for Repl. Esc.: |
|
$ 261,000 ($ 1,500/Unit)
|
| Contact: |
|
Teri
Ingles, Vice President (813) 289-9410 |
| |
|
|
|
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|
|
1715 N. Westshore Boulevard • Suite 700 •
Tampa, Florida 33607
(813) 289-9410 • FAX (813) 289-5580
E-mail: mail@firsthousingfl.com
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