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A009 - SRF Closing Documents
2 Loan Closing Date Oct 10, 2025 Initiation Fee - Oct 10, 2025 1,685.00 Final Disbursement Date Dec 12, 2025 P & D Payoff - Oct 10, 2025 - Final Maturity Date Jun 1, 2042 Estimated Draw #1- Oct 10, 2025 75,000.00 Loan Period in Years 17 Estimated Draw #2- Oct 31, 2025 75,000.00 Total Loaned Amount 337,000.00$ Estimated Draw #3- Nov 21, 2025 150,000.00 0.5% Initiation Fee 1,685.00 Estimated Draw #4- Dec 12, 2025 35,315.00 Net Proceeds to Borrower 335,315.00$ Estimated Draw #5- Jan 2, 2026 - Annual Interest Rate 0.00%Estimated Draw #6- Jan 23, 2026 - Total Interest -$ Estimated Draw #7- Feb 13, 2026 - Servicing Fee Rate 0.00%Estimated Draw #8- Mar 6, 2026 - Total Servicing Fees -$ Estimated Draw #9- Mar 27, 2026 - Total Loan Costs 1,685.00$ Estimated Draw #10- Apr 17, 2026 - Held for Final Docs - Apr 26, 2024 - Total Loaned Amount 337,000.00 Payment Beginning Total Loan Total Annual Debt Ending Jun 1, 2026 337,000.00 20,000.00 20,000.00 317,000.00 Dec 1, 2026 317,000.00 317,000.00 Jun 1, 2027 317,000.00 20,000.00 20,000.00 297,000.00 Dec 1, 2027 297,000.00 297,000.00 Jun 1, 2028 297,000.00 20,000.00 20,000.00 277,000.00 Dec 1, 2028 277,000.00 277,000.00 Jun 1, 2029 277,000.00 20,000.00 20,000.00 257,000.00 Dec 1, 2029 257,000.00 257,000.00 Jun 1, 2030 257,000.00 20,000.00 20,000.00 237,000.00 Dec 1, 2030 237,000.00 237,000.00 Jun 1, 2031 237,000.00 20,000.00 20,000.00 217,000.00 Dec 1, 2031 217,000.00 217,000.00 Jun 1, 2032 217,000.00 20,000.00 20,000.00 197,000.00 Dec 1, 2032 197,000.00 197,000.00 Jun 1, 2033 197,000.00 20,000.00 20,000.00 177,000.00 Dec 1, 2033 177,000.00 177,000.00 Jun 1, 2034 177,000.00 20,000.00 20,000.00 157,000.00 Dec 1, 2034 157,000.00 157,000.00 Jun 1, 2035 157,000.00 20,000.00 20,000.00 137,000.00 Dec 1, 2035 137,000.00 137,000.00 Jun 1, 2036 137,000.00 20,000.00 20,000.00 117,000.00 Dec 1, 2036 117,000.00 117,000.00 Jun 1, 2037 117,000.00 20,000.00 20,000.00 97,000.00 Dec 1, 2037 97,000.00 97,000.00 Jun 1, 2038 97,000.00 20,000.00 20,000.00 77,000.00 Dec 1, 2038 77,000.00 77,000.00 Jun 1, 2039 77,000.00 20,000.00 20,000.00 57,000.00 Dec 1, 2039 57,000.00 57,000.00 Jun 1, 2040 57,000.00 20,000.00 20,000.00 37,000.00 Dec 1, 2040 37,000.00 37,000.00 Jun 1, 2041 37,000.00 20,000.00 20,000.00 17,000.00 Dec 1, 2041 17,000.00 17,000.00 Jun 1, 2042 17,000.00 17,000.00 17,000.00 0.00 Estimated Amortization Schedule City of Ames Sewer Revenue Bond C1331RT-WRR20-002 Loan summary Estimated Draw Schedule As of 9/15/2025 2 Loan Closing Date Jan 27, 2023 Initiation Fee - Jan 27, 2023 - Final Disbursement Date May 5, 2023 P & D Payoff - Jan 27, 2023 - Final Maturity Date Jun 1, 2042 Balance 6/1/2025 7,000,000.00 Remaining Loan Term 17 Estimated Draw #2- Jan 28, 1900 Total Loaned Amount 7,631,851.55$ Estimated Draw #3- Feb 25, 1900 0.5% Initiation Fee 38,159.26 Estimated Draw #4- Mar 24, 1900 Net Proceeds to Borrower 7,593,692.29$ Estimated Draw #5- Apr 21, 1900 Annual Interest Rate 2.25%Effective 6.1.25 May 19, 1900 Total Interest 21,273,122.50$ Estimated Draw #7- Jun 16, 1900 Servicing Fee Rate 0.25%Estimated Draw #8- Jul 14, 1900 Total Servicing Fees 2,363,680.28$ Estimated Draw #9- Aug 11, 1900 Total Loan Costs 23,674,962.04$ Estimated Draw #10- Sep 8, 1900 9,026,080.00 Held for Final Docs - Feb 24, 2023 8,688,400.00$ SP Amendment 337,000.00$ LOAN FORGIVEN- Feb 24, 2023 - 9,025,400.00$ Total Loaned Amount 7,000,000.00 Payment Beginning Total Loan Total Annual Debt Ending Dec 1, 2025 7,000,000.00 78,750.00 8,750.00 87,500.00 7,000,000.00 Jun 1, 2026 7,000,000.00 329,000.00 78,750.00 8,750.00 416,500.00 504,000.00 6,671,000.00 Dec 1, 2026 6,671,000.00 75,048.75 8,338.75 83,387.50 6,671,000.00 Jun 1, 2027 6,671,000.00 338,000.00 75,048.75 8,338.75 421,387.50 504,775.00 6,333,000.00 Dec 1, 2027 6,333,000.00 71,246.25 7,916.25 79,162.50 6,333,000.00 Jun 1, 2028 6,333,000.00 347,000.00 71,246.25 7,916.25 426,162.50 505,325.00 5,986,000.00 Dec 1, 2028 5,986,000.00 67,342.50 7,482.50 74,825.00 5,986,000.00 Jun 1, 2029 5,986,000.00 356,000.00 67,342.50 7,482.50 430,825.00 505,650.00 5,630,000.00 Dec 1, 2029 5,630,000.00 63,337.50 7,037.50 70,375.00 5,630,000.00 Jun 1, 2030 5,630,000.00 366,000.00 63,337.50 7,037.50 436,375.00 506,750.00 5,264,000.00 Dec 1, 2030 5,264,000.00 59,220.00 6,580.00 65,800.00 5,264,000.00 Jun 1, 2031 5,264,000.00 376,000.00 59,220.00 6,580.00 441,800.00 507,600.00 4,888,000.00 Dec 1, 2031 4,888,000.00 54,990.00 6,110.00 61,100.00 4,888,000.00 Jun 1, 2032 4,888,000.00 387,000.00 54,990.00 6,110.00 448,100.00 509,200.00 4,501,000.00 Dec 1, 2032 4,501,000.00 50,636.25 5,626.25 56,262.50 4,501,000.00 Jun 1, 2033 4,501,000.00 397,000.00 50,636.25 5,626.25 453,262.50 509,525.00 4,104,000.00 Dec 1, 2033 4,104,000.00 46,170.00 5,130.00 51,300.00 4,104,000.00 Jun 1, 2034 4,104,000.00 408,000.00 46,170.00 5,130.00 459,300.00 510,600.00 3,696,000.00 Dec 1, 2034 3,696,000.00 41,580.00 4,620.00 46,200.00 3,696,000.00 Jun 1, 2035 3,696,000.00 419,000.00 41,580.00 4,620.00 465,200.00 511,400.00 3,277,000.00 Dec 1, 2035 3,277,000.00 36,866.25 4,096.25 40,962.50 3,277,000.00 Jun 1, 2036 3,277,000.00 431,000.00 36,866.25 4,096.25 471,962.50 512,925.00 2,846,000.00 Dec 1, 2036 2,846,000.00 32,017.50 3,557.50 35,575.00 2,846,000.00 Jun 1, 2037 2,846,000.00 443,000.00 32,017.50 3,557.50 478,575.00 514,150.00 2,403,000.00 Dec 1, 2037 2,403,000.00 27,033.75 3,003.75 30,037.50 2,403,000.00 Jun 1, 2038 2,403,000.00 455,000.00 27,033.75 3,003.75 485,037.50 515,075.00 1,948,000.00 Dec 1, 2038 1,948,000.00 21,915.00 2,435.00 24,350.00 1,948,000.00 Jun 1, 2039 1,948,000.00 467,000.00 21,915.00 2,435.00 491,350.00 515,700.00 1,481,000.00 Dec 1, 2039 1,481,000.00 16,661.25 1,851.25 18,512.50 1,481,000.00 Jun 1, 2040 1,481,000.00 480,000.00 16,661.25 1,851.25 498,512.50 517,025.00 1,001,000.00 Dec 1, 2040 1,001,000.00 11,261.25 1,251.25 12,512.50 1,001,000.00 Jun 1, 2041 1,001,000.00 494,000.00 11,261.25 1,251.25 506,512.50 519,025.00 507,000.00 Dec 1, 2041 507,000.00 5,703.75 633.75 6,337.50 507,000.00 Jun 1, 2042 507,000.00 507,000.00 5,703.75 633.75 513,337.50 519,675.00 0.00 Original Remaining Debt Service Estimated Amortization Schedule City of Ames Sewer Revenue Bond CS-1920741-02 - Taxable Loan summary Estimated Draw Schedule As of 9/3/2025