|
Attachment 2
<br />orange County, NC
<br />70131PC
<br />FIRST
<br />NTE Amount
<br />3736000
<br />10461,154
<br />10,461,154
<br />3736,000
<br />3736,000
<br />Term
<br />60 Months
<br />180 Months
<br />180 Months
<br />5 years
<br />5 y....
<br />Interest Mode
<br />Fixed through maturity
<br />Fixed through Maturity
<br />Fixed through Maturity
<br />Fimal Maturity
<br />2/1/2019
<br />2/1/2029
<br />2/1/2029
<br />2/1/2019
<br />2/1/2019
<br />interest Rate
<br />1.24%
<br />2.41%
<br />1.24% /2.41 %Blend
<br />1.44%
<br />1.59%
<br />Optional Call Provisions
<br />Prepayment without
<br />Prepayment without
<br />Prepayment without
<br />Prepayment without penalty at anytime
<br />Prepayment im whole with 3 % penalty
<br />om any
<br />penalty at anytime
<br />penalty at anytime
<br />penalty at anytime
<br />Subjet to Make -whole payments
<br />payment date beginning 2nd anniversary
<br />(with 30 days notice)
<br />(with 30 days notice)
<br />(with 30 days notice)
<br />of lease commencement
<br />om any payment date
<br />after half the term has elapsed
<br />after half the term has elapsed
<br />om any payment date
<br />om any payment date
<br />Bank / Legal Fees
<br />None
<br />$7,500 Legal Fee
<br />$7,500 Legal Fee
<br />Not to exceed $3,500 Attorney's fees
<br />$1,500 Legal Costs
<br />Offer Expiration
<br />Offer must be accepted by November 29, 2013
<br />Offer must be accepted by December 11, 2013
<br />Offer must be accepted by January
<br />], 2013
<br />Other
<br />None Specified
<br />Must maintain Borrower's LT GO Debt Rating by
<br />None
<br />Moody's at Al , o better and Borrower's LT Debt
<br />Rating by S &P at A+ or better
<br />Not a commitment to lend. Bank must complete due
<br />diligence
<br />Estimated Debt Service
<br />FY 15
<br />796,414.83
<br />1,491,207.89
<br />1,443,334.61
<br />804,384.96
<br />811,225.64
<br />FY 16
<br />]85,063.60
<br />1,443,817.00
<br />1,407,921.40
<br />791,041.60
<br />795,525.10
<br />FY 17
<br />774,788.40
<br />1,414,463.20
<br />1,387,541.50
<br />779,270.40
<br />782,631.90
<br />FY 18
<br />770,157.00
<br />1,385,109.40
<br />1,367,161.60
<br />768,513.60
<br />770,754.60
<br />FY 19
<br />756,262.80
<br />1,355,755.60
<br />1,346,]81.]0
<br />757,756.80
<br />758,877.30
<br />FY 20
<br />559,401.80
<br />559,401.80
<br />FY 21
<br />548,532.70
<br />548,532.70
<br />FY 22
<br />536,663.60
<br />536,663.60
<br />FY 23
<br />525,818.60
<br />525,818.60
<br />FY 24
<br />514,973.60
<br />514,973.60
<br />FY 25
<br />504,128.60
<br />504,128.60
<br />FY 26
<br />492,283.60
<br />492,283.60
<br />FY 27
<br />481,462.70
<br />481,462.70
<br />FY 28
<br />470,641.80
<br />470,641.80
<br />Fy 29
<br />459,820.90
<br />459,820.90
<br />Total
<br />3,882,686.63
<br />12,184,080.99
<br />12,046,468.]1
<br />3,900,967.36
<br />3,919,014.54
<br />
|