Financed Properties Multifamily Servicing Requirements

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Rates

Taxable Bond Rate:
8.050%
Tax-Exempt Financing:
8.012%
Preservation Plus:
7.762%
Construction Plus:
2.280%
Tax Credit Financing:*
7.000%
*30 year term/15 year yield maint/30 year amort.

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Financed Properties Multifamily Servicing Requirements

Management | Market | Financial | Physical

Management Risk Requirements

Existing Properties	New Properties	Options
Management plan	Site visit	Courtesy/follow-up calls Management capacity Board composition and qualifications Compliance with reporting requirements Response to tenant requests and property needs Procedures (management plan) Outside interest/related parties

Market Risk Requirements

Existing Properties	New Properties	Options
Quarterly occupancy report Waiting list	Quarterly occupancy report Market study/appraisal	Marketing plan Updated market comparability Explanation of market change/fluctuation Tenant profile Site visit External market conditions

Financial Risk Requirements

Existing Properties	New Properties	Options
Annual audit Capital budget Quarterly occupancy report	Site visit	Budget Cash flow statement Cash balances General ledger Annual profit and loss (in lieu of audit) Annual balance sheet (in lieu of audit) Invoices (paid/outstanding) Internal controls Rent roll Accounts receivable Interim reporting Management fees Owner distributions/contributions Variance explanations Related party transactions

Physical Risk Requirements

Existing Properties	New Properties	Options
Physical inspection performed as needed	Physical inspection performed shortly after completion