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8. <br /> EXHIBIT "B" <br /> DONALDSON COURT APARTMENTS <br /> FINANCING PLAN f <br /> I <br /> x <br /> 1 <br /> i <br /> Financing Sources - <br /> • f <br /> i <br /> UCRA/FHA Insured Tax Exempt Mortgage <br /> ( 10% , 40 years) : $2 ,004 , 000 <br /> University City CDBG Loan: 140 ,000 <br /> Owner/Sponser Equity: 656 ,000 <br /> $2 , 800 ,000 <br /> i <br /> Use of Funds <br /> Renovation Costs : $1 , 860 ,000: <br /> Financing Costs : 220 , 000 <br /> Legal 6 Development Fees : 245 ,000 <br /> Acquisition Prices : 475 ,000 <br /> TOTAL COST : $2 , 800 , 000 _ <br /> i <br /> i <br /> v <br />