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B) Financing Plan <br />Construction Financing: List sources of construction financing. <br />Source <br />Amount <br />Form <br />(Loan or <br />Equity) <br />Securedstl <br />Unsecured <br />Recourseszl <br />Non-recourse <br />Related Part <br />Committed <br />(Yes or <br />No) <br />Int. Rate/ <br />Term <br />Sponsor Equity <br />1,000 <br />Equity <br />Yes <br />Bank of Hawaii <br />24,123,084 <br />Loan <br />Secured <br />Recourse <br />No <br />5.25%/18 months <br />RIIRF <br />14,200,000 <br />Loan <br />Secured <br />Non-recourse <br />No <br />.25%/50 years <br />LIHTC Federal Equity <br />14,126,316 <br />Equity <br />Secured <br />Recourse <br />No <br />LIHTC State Equity <br />5,387,747 <br />Equity <br />Secured <br />Recourse <br />No <br />Deferred Project Reserves <br />747,004 <br />Equity <br />Secured <br />Related Party <br />Yes <br />Deferred Developer Fee <br />4,993,181 <br />Loan <br />Secured <br />Related Party <br />Yes <br />Total <br />$63,578.332 <br />M If the financing is secured by a mortgage, please indicate the position of the mortgage relative to all financing. <br />t�1 If the financing is recourse, identify who the guarantor is and the terms of the guaranty. <br />Form 201H-001, 01/29/2021 Page 22 <br />