Irvine Turner Apartments

Affordable Housing in Newark, New Jersey

Acquisition Sources

$371, 436FHA 223f 1st Acquisition Loan
0Existing Reserves
$1,583,490NHPF Equity
$371, 436Carthage Equity

Permanent Sources

0FHA 223f 1st Mortgage Assumption
$7,019,186FHA 241a 2nd Mortgage Loan
$3,319.031Existing Replacement Reserve
0Cash From Operations
$1,844,093Deferred Developer Fee
$1,860,656Seller Note
0Soft Funds
$12,707.693LIHTC Equity