Irvine Turner Apartments
Affordable Housing in Newark, New Jersey
Acquisition Sources
| $371, 436 | FHA 223f 1st Acquisition Loan |
| 0 | Existing Reserves |
| $1,583,490 | NHPF Equity |
| $371, 436 | Carthage Equity |
Permanent Sources
| 0 | 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 |