America First Tax Exempt Investors, L.P.
Proposed Timeline
The total time from initiation of letter of intent to closing is approximately two months. This assumes no material delays due to matters uncovered during the process. This is a timeline based upon a standard transaction
| 1. Letter of Intent Extended
2. Meeting with Borrower, Site Visit Discuss ATAX Term Sheet 3. 3rd Party reports engaged by ATAX |
|
Initiate |
| 1st Week | ||
4. Inducement Resolution by Issuer 5. Commence Legal Documents |
|
1st - 2nd Week |
6. First Draft of Documents Circulated 7. 3rd Party Received |
|
1 Month |
8. Final Drafting Session 9. Form of Documents to Issuer 10. Adoption of Authorizing Resolution of Bonds 11. Lock Interest Rate 12. Preclosing/Closing |
|
2 Months |
