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Ramsey Senior Site
<br />7850 Sunwood Dr., Ramsey, MN
<br />SOURCE AND USE SUMMARY
<br />Sources of Funds:
<br />Series A Bonds - 1st Mortgage
<br />Seller Note
<br />Construction Mortgage
<br />Series A Bonds - 1'11 Mortgage
<br />Bridge Bonds
<br />LIHTC Equity
<br />Dominium Capital Contribution
<br />Deferred Developer Fee
<br />Imputed Expenses
<br />Financing Gap
<br />Total Source of Funds
<br />Uses of Funds:
<br />Acquisition Costs
<br />Construction Costs
<br />City SAC/WAC/Park Dedication/Other City Fees
<br />Met Council SAC
<br />Imputed Expenses
<br />Cash Accounts
<br />Professional Services
<br />Construction Financing Costs
<br />Permanent Financing Costs
<br />Closing Costs
<br />Tax Credit Fees
<br />Developer Fee
<br />Total Use of Funds
<br />Construction
<br />Total
<br />$
<br />18,926,185
<br />1,040,888
<br />1,151,379
<br />$ 21,118,453
<br />Total
<br />$ 1,000,000
<br />16,018,304
<br />1,110,925
<br />239,355
<br />1,251,539
<br />802,390
<br />43,500
<br />515,905
<br />50,558
<br />85,976
<br />$ 21,118,453
<br />Per Unit
<br />$
<br />152,631
<br />8,394
<br />9,285
<br />$ 170,310
<br />Per Unit
<br />$ 8,065
<br />129,180
<br />8,959
<br />1,930
<br />10,093
<br />6,471
<br />351
<br />4,161
<br />408
<br />693
<br />$ 170,310
<br />Permanent
<br />Total
<br />$ 12,950,000
<br />1,580,000
<br />6,939,256
<br />300,000
<br />1,909,643
<br />88,150
<br />1,151,379
<br />Per Unit
<br />$ 104,435
<br />12,742
<br />55,962
<br />15,400
<br />711
<br />9,285
<br />$ 24,918,428 $ 200,955
<br />Total Per Unit
<br />$ 8,065
<br />139,409
<br />8,959
<br />1,930
<br />711
<br />11,288
<br />6,471
<br />351
<br />4,161
<br />408
<br />693
<br />18,511
<br />$ 24,918,428 $ 200,955
<br />$ 1,000,000
<br />17,286,654
<br />1,110,925
<br />239,355
<br />88,150
<br />1,399,676
<br />802,390
<br />43,500
<br />515,905
<br />50,558
<br />85,976
<br />2,295,338
<br />
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