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SEASONS at Ontario Gateway Plaza
Financing of Project in 1996
•   Financing of construction was provided by the City of Ontario Redevelopment Agency, Bank of America, and Edison Capital Housing Investment.
 
•   Permanent Financing:
    Residential
        City of Ontario RDA - Land Purchase $843,000
        City of Ontario RDA - Residual Receipts Loan $2,656,200
        Tax Exempt Bonds - Bank of America $2,325,000
        LIHTC Equity — Edison Capital $1,203,020
        Deferred Developer Fee $509,880
    Commercial
        First Bank and Trust $12,600,000
        City of Ontario RDA $1,500,000
        Owner’s Equity $2,000,000

Total $23,637,100