Common use of Perm Clause in Contracts

Perm. Mort. Loan - FmHA $1,406,000 2. Perm. Junior Mort. Loan $ N/A 3. Grant $ N/A 4. General Partners Advance ($74,000) Capital Contributions ($100) $ 74,100 5. Investment Partnership Capital Contribution $339,599 $1,819,699 Application of Funds Total Construction Cost $1,203,914 Soft Costs $ 266,074 Land $ 63,000 Development Fee $ 212,711 $1,745,699

Perm. Mort. Loan - FmHA $1,406,000 1,232,276 2. Perm. Junior Mort. Loan $ N/A 3. Grant $ N/A 4. General Partners Advance ($74,000) Capital Contributions ($100) $ 74,100 69,904 5. Investment Partnership Capital Contribution $339,599 461,322 6. Deferred Development Fee $1,819,699 139,488 $1,902,990 Application of Funds Total Construction Cost $1,203,914 $ 144,000 Soft Costs $ 266,074 $1,404,731 Land $ 63,000 60,000 Development Fee $ 212,711 294,259 $1,745,6991,902,990