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06-10-2026 Council Packet
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06-10-2026 Council Packet
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<br />[Exhibit G to Loan Agreement (LCDA)] <br />Error! Unknown document property name. <br />EXHIBIT G <br /> <br />OTHER PROJECT FINANCING <br />NAME SOURCE AMOUNT <br />R4 LAMN Acquisition LLC LIHTC Tax Credit investor <br />(limited partner of Borrower) <br /> $[_______] <br /> <br />Little Canada Affordable Housing, LLC <br /> Equity (co-general partners of <br />Borrower) <br /> $100 <br />City of Little Canada (as assigned to U.S. <br />Bank Trust Company, National <br />Association, as fiscal agent for the benefit <br />of Allianz Life Insurance Company of <br />North America, as funding lender) <br /> First mortgage loan $17,000,000 <br />Allianz Life Insurance Company of North <br />America <br /> Direct taxable note $9,200,000 <br />Ramsey County Housing and <br />Redevelopment Authority <br /> Subordinate mortgage loan $1,500,000 <br />Little Canada Apartments, LP Subordinate mortgage loan $1,145,000 <br />City of Little Canada, Minnesota Local Affordable Housing Aid $200,000
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