Laserfiche WebLink
(With respect to any outside sources of financing (e.g., loans or grants) which have <br />been approved, attach a copy of the commitment letter and/or other document(s) <br />evidencing such approval.) <br />X.Repayment of Loans <br />A.Net Income Available for Loan Retirement: <br />Income (Itemized) <br />Rental Income$ 3,232,320 <br />__________________________________ <br />__________________________________ <br />$ 3,232,320 <br />TOTAL: <br />Expenses (Itemize) <br />__________________________$ ________ <br />__________________________________ <br />__________________________________ <br />$ 1,292,928 <br />TOTAL: <br />$ 1,939,392 <br />NET INCOME AVAILABLE FOR LOAN RETIREMENT: <br />B.Anticipated Loan Amortization <br />Loan 1:Loan 2: <br />$ 22,777,030 <br />AmountAmount$________ <br />6% <br />Interest RateInterest Rate________ <br />30 Years <br />TermTerm________ <br />$ 1,638,718 <br />Annual Payment_Annual Payment$ ________ <br />XI.TIF Assistance Analysis <br />A.Bond/Note Coverage <br />14 <br /> <br />