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Guggenheim LIHTC Tests:Trial 7: Moderate Rehab: Tax Exempt.Fin.

Schedule D: Present Value By Participant By Line Item

discount rate = 0.12

Developer  
Start-up Oper. Losses (exp.) ( 1 167) -2496
Equity Residual ( 1 196) 28
Investment Adj. ( 1 320) -210
Net Cash Flow (NCF) ( 1 699) 15
Subtotal: Developer -2662
   
Lender  
Financing Fees ( 2 158) 1084
Orig.Mtge(s) ( 2 240) -15479
Mtge Interest ( 2 660) 8973
Mtge Amortization ( 2 670) 1206
Mtge Amortization ( 2 670) 2243
Subtotal: Lender -1973
   
Investor  
Equity Residual ( 3 196) 2790
Investment ( 3 310) -8509
Net Cash Flow (NCF) ( 3 699) 1479
Income Taxes (Annual) ( 3 850) 1316
Inc.Taxes:Equity Residual ( 3 880) -721
Tax Credit ( 3 890) 5494
Subtotal: Investor 1849
   
Other  
Const.Interest ( 4 155) 4103
Financing Fees ( 4 158) 650
Const.Loan ( 4 220) -4140
Subtotal: Other 613
   
Public  
Income Taxes (Annual) ( 5 850) -1316
Inc.Taxes:Equity Residual ( 5 880) 721
Tax Credit ( 5 890) -5494
Subtotal: Public -6089
   
Total -8261



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