01. Fargo property tax incentive for NEX Senior, LLC
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01. Fargo property tax incentive for NEX Senior, LLC
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4/30/2024 2:37:24 PM
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NEX Senior <br />1728 42nd Street <br />Fargo, ND <br />SOURCES Entity <br />Federal LIHTC Equity Regions Bank 9,019,098$ <br />First Mortgage Legacy Bank & Trust 1,975,000 <br />Other: HTF 2,852,413.21 <br />Other: HOME 1,558,248.01 <br />GP/SLP Equity 100 <br />Total Third Party Sources 15,404,859$ <br />Deferred Fee 208,997 <br />TOTAL 15,613,856$ <br />USES <br />Land 700,000.00 <br />Hard Costs 11,101,440.00 <br />Design & Engineering Fees 567,000.00 <br />Professional Fees 133,500.00 <br />Financing Costs 736,377.00 <br />Soft Costs 2,083,177.00 <br />Tax Credit Fees 111,000.00 <br />Development Reserves 181,362.00 <br />TOTAL 15,613,856$ <br />Page 8
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