|
Development Team:
|
| • |
Developers:
|
|
LINC Housing Corporation
|
|
DC & TC, LLC
|
| • |
Development Consultant:
|
|
KD Housing Partners, Inc.
|
| • |
Architect:
|
|
Stoffregen-Fuller & Associates
|
| • |
General Contractor:
|
|
Desert Cities Development
|
| • |
Investor:
|
|
Lend Lease REI
|
| • |
Contruction Lender:
|
|
Bank of America Community Lending
|
| • |
DUS Lender:
|
|
ARCS Commercial Mortgage
|
| • |
Underwriter:
|
|
ARCS Newman & Associates
|
|
Financing of Project in 2003:
|
| • |
Financing for construction was provided by Bank of America, The City
of La Quinta, and Lend Lease.
|
|
| • |
Permanent Financing:
|
| |
City of La Quinta RDA Loan
|
$9,391,289
|
| |
LIHTC Equity — Lend Lease
|
$3,914,807
|
| |
Fannie Mae Tax Exempt Bond
|
$3,000,000
|
|
|
Total
|
$16,306,096
|
|
