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118 <br />Confidential Information of R4 Capital Funding LLC <br /> <br /> <br />Little Canada-Lupe - Borrower Loan Agreement - LC Apartments(199386221.3) - 5/12/2026 6:38:21 PM <br /> <br />R4 Capital Funding LLC <br />Tax Exempt Bond Investment Standards <br /> <br />v4.4 March 2022 <br /> Coverage must be obtained at 100% of the replacement cost, with a maximum deductible of 5%, for Projects <br />in seismic zones 3 or 4 with PML results ranging from 20% through 29.99%. In addition, the General Partner <br />will need to demonstrate that measures have been taken to mitigate potential loss to the Project both during <br />the construction and the operational phases. For Debt only – subject to Freddie Mac requirements. <br />q) Coinsurance is to be waived, or the policy shall contain an agreed amount endorsement acceptable to <br />R4.