Common use of Projected Construction Cash Needs Clause in Contracts

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

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Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 194,025 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can be utilized applicant anticipates utilizing owner equity contributions to fund up-front costs of construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 263,783 required monthly to fund the construction in this application. The application identifies financing sources other than applicant has incorporated a construction loan for the construction costs incurred prior to CDBG-DR that can be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR fundsdisbursement.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 284,230 required monthly to fund the construction in this application. The application identifies financing sources other than applicant has incorporated a construction loan for the construction costs incurred prior to CDBG-DR that can be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR fundsdisbursement.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 699,798 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can be utilized applicant anticipates securing a loan to help fund up-up front construction costs prior to the disbursement of CDBG-DR fundsDR.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 614,502 required monthly to fund the construction in this application. The application identifies applicant anticipates obtaining interim financing sources other than CDBG-DR that can be utilized to fund up-cover up- front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 1,703,279 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can be utilized to applicant anticipates obtaining a construction loan which will fund up-up front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month 18‐month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 338,811 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and as modeled identified an average for the first six months of $809,205 2,034,269 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can applicant anticipates obtaining a construction loan which will be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 211,404 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can applicant anticipates obtaining a construction loan which will be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 679,405 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that applicant anticipates obtaining a construction loan in the amount of $4,475,000 which can be utilized to fund up-front costs of construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

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Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 1,101,196 required monthly to fund the construction in this application. The application identifies applicant will be able to utilize interim financing sources other than CDBG-DR that can be utilized to fund up-up front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 2,875,162 required monthly to fund the construction in this application. The application identifies indicates construction financing sources other than CDBG-DR that can be utilized to fund up-in the amount of $25.5 million as well as private equity funds which will cover up front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 2,742,500 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that applicant anticipates obtaining a construction loan which can be utilized to fund up-front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 956,367 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that can funding obtained from BBVA Compass Bank will be utilized able to fund up-support up front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 595,542 required monthly to fund the construction in this application. The application identifies applicant anticipates obtaining interim financing sources other than CDBG-DR that can be utilized to fund up-cover up- front construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

Projected Construction Cash Needs. Using an 18-month construction completion period, we modeled the development progress and identified an average for the first six months of $809,205 2,204,228 required monthly to fund the construction in this application. The application identifies financing sources other than CDBG-DR that applicant anticipates obtaining a construction loan in the amount of $14m from X.X. Xxxxxx Chase Bank which can be utilized to fund up-front costs of construction costs prior to the disbursement of CDBG-DR funds.

Appears in 1 contract

Samples: Glo Contract

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