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73495160v3 <br /> <br /> <br /> <br />Schedule A <br /> <br />Schedule of Financial Terms <br /> <br />Project: Twin Lake Apartments <br /> <br />Closing Date: June __, 2022 <br /> <br /> <br />Basic Loan Terms <br />Authorized Amount: $9,319,750 <br /> Loan Funding Dates: [Insert dates and amounts] <br />The Funding Lender shall fund the above draw-down <br />installments, in an amount not less than $500,000, on <br />the purchase dates set forth above; provided, however, <br />that the Borrower may elect to increase or decrease the <br />amount of the draw to be paid on such dates by <br />providing at least ten days advance written notice to the <br />Controlling Person, Fiscal Agent and Funding Lender. <br />Any such notice modifying the amounts to be drawn <br />shall include a replacement schedule of all future draw <br />amounts. <br />Interest Rate: A Fixed Rate of___% (____ and __/100 percent) <br />Maturity Date: ________ 1, 20__ <br />First Loan Payment Date: ____ 1, 2022 <br />First Principal Payment Date: The first (1st) calendar day of the month following <br />achievement of Stabilization. <br />First Optional Call Date: [15th year following stabilization] <br />First Put Date: [16th anniversary of stabilization] <br />Mandatory Prepayment Amount: [$________________] <br />Other Terms: <br />Minimum Coverage: 1.15 to 1.0 <br />Minimum Occupancy: 90% <br />Testing Period: Three (3) Months <br />Operating Reserve Amount: [$________]