Modifications to Multifamily Loan and Security Agreement ADDENDA TO SCHEDULE 2 SUMMARY OF LOAN TERMS – (Rehabilitation Reserve [Moderate][Substantial] Rehabilitation) – [__]. Rehabilitation Reserve Maximum Rehabilitation Reserve Disbursement Interval Minimum Rehabilitation Reserve $____________ Disbursement Amount ________ months from the Effective Date, unless otherwise set forth on the Rehabilitation Work Rehabilitation Completion Period Schedule attached as Schedule [___] Rehabilitation Reserve Account $____________ Administrative Fee Rehabilitation Reserve Account Interest Disbursement Frequency $____________ Rehabilitation Reserve Deposit Rehabilitation Work Item Cost $____________ Threshold [NOTE TO DRAFTER: Delete this field when using Form originally underwritten “as-stabilized” effective gross 6222.MOD income of $__________________] Stabilized Effective Gross Income Target ____________________ Borrower Initials
Modifications to Multifamily Loan and Security Agreement ADDENDA TO SCHEDULE 2 – SUMMARY OF LOAN TERMS (Rehabilitation Reserve – [Moderate][Substantial] Rehabilitation) [__]. Rehabilitation Reserve Maximum Rehabilitation Reserve Disbursement Interval Minimum Rehabilitation Reserve Disbursement Amount $____________ Rehabilitation Completion Period ________ months from the Effective Date, unless otherwise set forth on the Rehabilitation Work Schedule attached as Schedule [___] Rehabilitation Reserve Account Administrative Fee $____________ Rehabilitation Reserve Account Interest Disbursement Frequency Rehabilitation Reserve Deposit $____________ Rehabilitation Work Item Cost Threshold $____________ [NOTE TO DRAFTER: Delete this field when using Form 6222.MOD Stabilized Effective Gross Income Target originally underwritten “as-stabilized” effective gross income of $__________________] ____________________ Borrower Initials
6102.13.docx