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... .._ .. _. ,.. _.., -.. _. <br /> PERMA <br /> a § r>3 av <br /> I 9 s4 ate <br /> t " <br /> ..,�.�a wU....�.� .,,,....a. ..............a;.., ........, Zoo <br /> Permanent financing is the term used by the Trust when loans are put into repayment. <br /> The Trust is available throughout this process to help with forms, verify loan amounts, and to answer <br /> any questions. <br /> Deadline <br /> There are 2 repayment dates for Trust loans — January and July 15t". Due dates will be listed on final <br /> repayment schedules. First payment generally occurs within six months of closing. The first payment <br /> includes interest, admin fee and loan origination only. Second payment includes principal, interest and <br /> admin fee. <br /> When should borrowers expect to have Process for Permanent Financing <br /> their loans put into repayment? Loans are 0 Borrowers are contacted by the Trust six <br /> generally selected for permanent financing months ahead of a bond sale <br /> when: <br /> • The Trust sends verification forms, like <br /> 1. Half or more funds have been drawn; or the Loan Questionnaire, to borrowers, <br /> 2. The project is expected to be bond counsels and financial advisors <br /> completed within a year <br /> • After loan closing, a final repayment <br /> schedule is sent to the borrower and <br /> posted to the Trust's website <br /> 16 <br /> 70_,... .. ..... _.,,W .___... _ ..__. .,.._,._ _._ _._._. W.. .. .. . m. <br /> t-OMOM 1�+ 5{ 5�` t ev,4i t >�'s`.:� `,s a S`S�a t-• <br /> .. ..,. ,a w.. .. .:....... ..: a..�.,,„,a :i5:,:.»,:,r .>2:a.,' , ,v, ,,m 3 s <br />