Attachment_#5_-_Financing_Terms_for_Developer's_Qualifying_Project.docx

This is a financing terms template attachment from the County of San Mateo Department of Housing for the Request for Proposals (RFP) to develop 710 Hamilton Street in Redwood City, California. The template is designed to capture the financial structure of developer proposals for a mixed-income affordable housing project on a County-owned parcel of approximately 20,500 square feet. The document serves as a standardized format for proposers to detail their project financing, including construction and permanent loan terms, tax credit investor contributions, and associated fees and requirements. Developers are expected to complete this attachment as part of their proposal submission, demonstrating their ability to secure financing and structure a viable project that meets the County's affordability and public employee preference objectives.

The financing terms template requires disclosure of construction loan details including lender name, loan amount, rate, and term, followed by permanent financing specifications such as loan amount, rate, amortization period, and lender requirements including debt service coverage ratio and reserve requirements. Proposers must also identify tax credit investors and detail their capital contribution schedules across construction, conversion, and permanent phases, along with associated fees for asset management, general partner management, and incentive management. The template captures replacement reserves, operating reserves, guarantor information, and any other lender or investor conditions, providing the County with comprehensive insight into the financial feasibility and structure of each proposed development.