Borrower's Equity Contribution

Borrower's Equity Contribution. Eighteen Million Nine Hundred Twenty-Eight Thousand Six Hundred Ninety-One and 00/100 Dollars consisting of: (A) cash in the amount of Sixteen Million Four Hundred Twenty-Eight Thousand Six Hundred Ninety-One and 00/100 Dollars ($16,428,691.00), and (B) tax increment financing from the City of Madison in the amount of Two Million Five Hundred Thousand and 00/100 Dollars ($2,500,000.00) (the "TIF Funds"). Lender acknowledges that the TIF Funds will not be available until after disbursement of... certain of the proceeds of the Construction Loan. View More