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NewB_Senior_4%_Final <br />Total Development Cost from Development Costs tab:$24,828,375 <br />Term  <br />(Months) Rate Amount Per Unit Committed <br />24 11,629,368 96,911 <br />18 18,520,000 154,333 <br />Total Construction Financing 30,149,368 251,245 <br />Term  <br />(Years) Rate Amount Per Unit Committed <br />Include in  <br />HTC Gap End Loan <br />40 4.70% 13,058,500 108,821 <br />100 1 <br />6,826,565 56,888 <br />2,835,500 23,629 <br />233,400 1,945 <br />41,300 344 <br />725,000 6,042 <br />1,108,009 9,233 <br />Total Permanent Financing 24,828,374 206,903 <br />00 <br />OS Funding Use Term (Years) # of Units Annual Amount <br />Committed <br />Total Proposed Rental Assistance or Operating Subsidy Funding <br />Minnesota Housing 1st Mortgage Escrow Requirements Amount <br />391,755 <br />Insurance Escrow <br />Tax Escrow <br />Other <br />Other <br />Explain: <br />MAXIMUM ALLOWABLE RETURN ON EQUITY <br />Developments with syndication proceeds <br />Developments with no syndication proceeds <br />Developments with de minimus amount of syndication proceeds <br />Manual Entry <br />ADDITIONAL COSTS NOT INCLUDED IN TOTAL DEVELOPMENT COST <br />Operating Deficit Escrow <br />FUNDING GAP REMAINING <br />PROPOSED RENTAL ASSISTANCE OR OPERATING SUBSIDY FUNDING <br />Type of Source Name of Source Per Unit <br />Deferred Developer Fee <br />Met Council Funding <br />MHFA HOME Funds <br />Energy Rebates <br />Federal Historic Proceeds <br />Deferred Loan Request <br />Sales Tax Rebate <br />General Partner Cash <br />Syndication Proceeds <br />State Historic Proceeds <br />Name of Source <br />Notes <br />(Enter info about status and  <br />estimated timing of funding) <br />Minnesota Housing First Mortgage <br />Construction Loan <br />SOURCES <br />CONSTRUCTION SOURCES <br />Name of Source Notes <br />Minnesota Housing Tax Exempt Bonds ‐ Short Term <br />PERMANENT CAPITAL SOURCES OF FUNDING <br />Workbook Sources ‐ Page 18 of 32 3/26/2018 5:31 PM