Hub of Opportunity- Transaction Structure
Utah Tansit Authority
Assignment & Assumption Lease Hub of Opportunity Condominium Association, Inc.
99 Year Ground Lease
Columbus Foundation. Inc Leaes Agreement
Meadowbrook Stations CC& Rs
So Salt Lake Conditional Use Permit
The Hub Condo Plat & Declartion of Condo
Condo Unit #1 Title commitment Leasehold Policy
Condo Unit #2 Title Commitment
GS Bank USA .
$2.1 mm Senior Loan
100 % Owner Columbus Foundation, Inc. GSB NMTC Investor, LLC 100% Owner, GS Bank
The Hub of Opportunity II, LLC
Leverage Lender
USA
51% /49%Owner
GS LIHTC Investor, LLC 99.98% Owner, GS Bank USA and Richman Group 00.01%
The Hub of Opportunity II, LLC 51% Owner Housing
The Hub of Opportunity, LLC 100% Owner Columbus
Opportunities, Inc. 49% Owner Columbus Foundation, Inc.
Foundation, Inc
The Hub of Opportunity Investment Fund, LLC
$7.0mm
(The Hub of Opportunity III, LLC)
0.01% Equity Allocation
$12,195,329 LIHTC Equity
$700 Equity Contribution
$8.857,005 LIHTC
GSNMF Sub- CDE 28
HUB 4% MANAGEMENT, LLC
HUB 9% MANAGEMENT, LLC
99.99% Investor Member: GSB LIHTC Investor LLC 001% Hub Management Member; The Hub 1 GP, LLC
99.99% Investor Member: GSB LIHTC Investor LLC 001% Management Member; The Hub 1 GP, LLC
Columbus Foundation, Inc. Equity
$7 .0 MM Allocation
GS New Market Fund, LLC
Hub - NextWork, LLC 95% Columbus 5% Housing Opportunities, Inc.
Housing Opportunities, Inc. Equity
$15 mm PAB Proceeds
4% LIHTC Condo
Utah Houisng Corpoation
9% LIHTC Condo
GS Bank USA $15 mm Private Activit Bonds
$9.8 mm Constructing Loan
.
NMTC Condo
The Hub Unit #3 Title Commitment