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<br /> City of Fargo, North Dakota 711 10th Avenue North “But-for” Report|3 <br />Project Financing <br /> The Developer is investing 25% equity, or $808,750, and will be privately financing $2,426,249. The Developer is additionally requesting PILOT assistance through annual property tax savings. The private financing is estimated to be a 25-year loan at a 5.00% interest rate resulting in an annual principal and interest payment of $172,148.