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Agmt25 SEC-Lenders Documents 2 - Loan Agreement
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Agmt25 SEC-Lenders Documents 2 - Loan Agreement
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6/16/2025 12:09:36 PM
Creation date
6/16/2025 12:08:31 PM
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Agreement
RMP File Number
304
Date
6/6/2025
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ATTACHMENT NO.4 <br />417 Stambaugh — Proiect Budget <br />Funding SourcesAcquisition/Construction <br />Amount <br />Permanent Amount <br />ART LHTF Loan <br />$1,282,262 <br />$1,342,294 <br />Community Bank of the Bay Loan <br />$1,200,000 <br />$1,200,000 <br />ART LHTF Bridge Loan <br />$750,000 <br />ART Trusts Funds Loan <br />$450,000 <br />City's Loan <br />$178,204 <br />$1,199,999 <br />Total <br />3,682,262 <br />3,742,293 <br />Uses <br />Cost <br />Acquisition Cost <br />$2,862,695 <br />Rehabilitation Cost <br />$259,208 <br />Soft Costs <br />$43,279 <br />Financing Costs <br />$105,906 <br />Developer Fee <br />$178,204 <br />Total Reserves <br />$293,000 <br />Total Development Cost <br />$3,742,293 <br />REV: 05-21-25 LF <br />ATTY/AGR.2025.1001HEART-SV (417 Stambaugh St.) (Page 33 of 85) <br />
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