New Center City Apartments
Affordable Housing in Newark, New Jersey
Acquisition Sources
$1,583,490 | FHA 223f 1st Acquisition Loan |
0 | Existing Reserves |
$1,583,490 | NHPF Equity |
$371, 436 | Carthage Equity |
Permanent Sources
$12,707.693 | FHA 223f 1st Mortgage Assumption |
$7,019,186 | FHA 241a 2nd Mortgage Loan |
$3,319.031 | Existing Replacement Reserve |
0 | Cash From Operations |
$1,844,093 | Deferred Developer Fee |
$1,860,656 | Seller Note |
0 | Soft Funds |
$12,707.693 | LIHTC Equity |