Sources of Financing Sample Clauses

Sources of Financing. The Company may utilize a variety of debt vehicles, including warehouse lending arrangements, reverse repurchase agreements, securitizations of mortgage loans or other secured or unsecured financing sources, as deemed appropriate by the Manager, considering the availability of financing sources and existing rates and market conditions at any given time.
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Sources of Financing. The Purchaser has available to it sufficient cash resources, a firm, unconditional equity commitment and/or a firm, unconditional financing commitment in an aggregate amount not less than the aggregate Cash Consideration to be paid by Purchaser pursuant to this Agreement.
Sources of Financing. The parties originally estimated that the sources of financing for the Project would be approximately $32,339,000 (“Initial Sources of Financing”), which amount coincided with the Original Development Costs. The parties presently anticipate that the Updated Development Costs shall be financed with a combination of loans and equity, as set forth in the following chart and as described below (the “Updated Sources of Financing”), which chart shall be updated if there is a further change in the Updated Development Costs, or the financing for the Project, all subject to the approval of the Agency: Sources of Funds Tax Credit Equity $15,901,000 Historic Tax Credits $4,000,000 MHSA Loan $787,000 CDBG $950,000 San Diego Housing Commission $2,000,000 20% Agency Loan $10,000,000 80% Agency Loan $3,000,000 Total $36,638,000
Sources of Financing. The parties anticipate that the costs of the development of the Site and the construction of the improvements thereon (the “Development Costs”) shall be financed with a combination of Developer’s equity and City project funds (collectively, the “Construction Funding”) as set forth in the following chart and as described below:
Sources of Financing. As set forth in the Project Budget, the parties anticipate that Project costs shall be financed with a combination of funds from the proceeds of the CalVet Loan Program, corporate sponsorship and grants, the City HOME Loan, Housing Authority write down of land value, and such other financing sources as secured pursuant to Section 3.3. As a condition precedent to Authority's obligation to transfer the Site at the Closing, Developer shall submit to the Executive Director evidence that Xxxxxxxxx has obtained, or will obtain prior to the Closing, sufficient commitments for financing the completion of the Project such that the Executive Director is reasonably satisfied based upon the review and findings of the Authority's financial consultant that the Project can be constructed and the Affordable Units sold accordance with this Agreement. Such evidence (collectively, the "Evidence of Financing") shall include, at a minimum:
Sources of Financing. The Parties' current general estimates of costs and financing for the Development are set forth in the Development Proposal. Developer anticipates that the Development will be financed with a combination of funds from the proceeds of the CalVet Loan Program, corporate sponsorship and grants, Developer's silent second loan assistance, Housing Authority write down of land value and the Predevelopment Loan.
Sources of Financing. The parties anticipate that the costs of acquiring the Property and developing and constructing the Improvements thereon (the "Acquisition and Development Costs") shall be financed with a combination of loans and equity, as set forth in the following chart and as described below, which chart shall be updated if the costs of developing and constructing the Improvements change, or if the financing changes, all subject to the approval of the City (as updated, the “Sources of Financing”): Source of Funds Permanent Construction City’s Acquisition Costs $4,782,000 $4,782,000 Institutional Loan $20,119,600 $0 Tax Credit Equity $3,737,200 $24,914,900 Developer Equity $0 $181,600 City Loan $13,728,000 $17,160,000 Income During Lease-Up $142,800 Soft Loan Interest $271,800 $ 435,100 TOTALS $42,638,600 $47,616,400 NOTE: As specified in Section 213 of the DDA, Developer shall use best efforts to procure the above referenced Sources of Financing as well as other sources of gap financing, including but not limited to XXX, IIG, MHSA and AHP funding.
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Sources of Financing. The parties anticipate that the costs of acquiring the Property and developing and constructing the Improvements thereon (the "Acquisition and Development Costs") shall be financed with a combination of loans and equity, as set forth in the following chart and as described below, which chart shall be updated if the costs of developing and constructing the Improvements change, or if the financing changes, all subject to the approval of the City (as updated, the “Sources of Financing”): Source of Funds Construction Permanent City’s Acquisition Costs $7,366,000 $7,366,000 Institutional Loan $50,162,000 $13,687,000 9% Tax Credit Equity $2,660,000 $25,420,000 4% Tax Credit Equity $3,912,200 $16,424,000 Developer Equity $900,000 Deferred Developer Fee $600,000 City Loan $10,440,000 $11,600,000 CalHFA (MHSA) $3,621,000 $3,621,000 Prop 1C Infill Infrastructure Grant (“IIG”) Solar Tax Credit and Rebate $2,630,000 $320,000 TOTALS $78,161,200 $82,568,000 NOTE: As specified in Section 213 of the DDA, Developer shall use best efforts to procure the above referenced Sources of Financing as well as other sources of gap financing, including but not limited to AHP funding, and in the event that Developer is unable to obtain IIG funding, MHP funding.
Sources of Financing. In addition to the Senior Loan as previously obtained for the acquisition of the Site, Developer and City anticipate the following funding sources to be obtained for the Project and utilized by Developer in addition to the City Loan. The final sources and amounts of funding for the Project as well as the final cost estimates with respect to the acquisition of the Site, Construction and operation of the Proj ect shall be set forth in the Final Budget which is required to be submitted to City as a Condition Precedent pursuant to Section 401.
Sources of Financing. The parties anticipate that the costs of acquiring the Property and developing and constructing the Improvements thereon (the "Acquisition and Development Costs") shall be financed with a combination of loans and equity, as set forth in the following chart and as described below, which chart shall be updated if the costs of developing and constructing the Improvements change, or if the financing changes, all subject to the approval of the City (as updated, the “Sources of Financing”): TO BE UPDATED Source of Funds Construction Permanent Tax-Exempt Loan/Construction Loan $44,237,300 Permanent Loan $2,000,000 Tax Credit Equity (4%) $620,800 $14,261,000 Tax Credit Equity (9%) $1,025,800 $20,110,000 Agency Loan $19,685,700 $21,873,000 CalHFA (MHSA) $2,812,000 $2,812,000 Agency Deferred Interest $255,600 $255,000 Multi-Family Housing Program (MHP) $0 $10,000,000 FHLB Affordable Housing Program $1,000,000 (AHP) $1,000,000 GP Equity $0 $904,000 $69,637,200 TOTALS $73,215,000
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