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123 <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 /> <br />PERMANENT INSURANCE REQUIREMENTS <br />(Including “in-place” <br />rehabs) FOR <br />PROPERTY MANAGERS <br /> <br />1. Commercial General Liability (“CGL”) Insurance. <br />a) Policy Form: An ISO-based occurrence form CGL policy (CG 00 01 or its equivalent) shall be used. <br />b) Named Insured: Property Manager and their respective employees, agents, subsidiaries, and <br />affiliates. <br />c) Additional Insureds: “Partnership”, “General Partner”, “Limited Partner, ISAOA” and R4 Capital <br />LLC (for R4 Equity) and “Fiscal Agent or Trustee”, R4 Capital Funding LLC and R4 Servicer LLC <br />(for R4CF Debt) <br />d) Limits: <br />$2,000,000 general aggregate per location <br />$2,000,000 products-completed operations aggregate <br />$1,000,000 per occurrence bodily injury and property damage liability <br />$1,000,000 personal injury and advertising injury liability <br />$50,000 fire damage (per fire) to rented property <br />$5,000 medical payments <br />e) Aggregate: If the policy covers multiple locations, a per location aggregate limit is required and <br />must be endorsed onto the policy, using ISO Endorsement CG 25 04, or its equivalent. <br />f) Deductible: $25,000 maximum per occurrence <br />g) Pollution: Pollution exclusion must specify that hostile fire or building heating equipment and <br />products is not excluded. <br />h) Additional Interests coverage: To be provided under ISO Endorsement CG 20 26, or its <br />equivalent, for the Additional Insureds listed above. If coverage is written on any other forms, <br />copies must be attached. <br /> <br />2. Vehicle Liability Insurance. <br />a) Policy Form: ISO Business Auto form CA 00 01, or its equivalent <br />b) Named Insured: Property Manager and their respective employees, agents, subsidiaries, affiliates. <br />c) Additional Insureds: “Partnership”, “General Partner”, “Limited Partner, ISAOA” and R4 Capital <br />LLC (for R4 Equity) and “Fiscal Agent or Trustee”, R4 Capital Funding LLC and R4 Servicer LLC