A placement fee of 1.00% of the QEI, or $97,500 will be paid to BTCDA,
LLC, an affiliate of Baker Tilly Capital, LLC at closing.
Sub-CDE Level
The CDE will assess a closing fee of 2.00% of the total QEI, or $195,000
ALICB Level
A Structuring, Modeling and Closing fee of 1.00% of the QEI, or $97,500
will be paid to Baker Tilly Capital, LLC
The QALICB is solely responsible for all legal costs associated with closing
the transaction, including, but not limited to, its own legal fees, as well as
those of the Investor and the CDE Lender (“Transaction Costs”). The legal
costs incurred to close the transaction will be paid whether or not the
transaction closes. A retainer of $30,000 will be paid to the CDE to start the
documentation process. If the transaction fails to close the unused retainer
(not applied to third-party legal fees) will be returned.
Total up-front fees to MCD and third parties are 5.50% of the allocation.
QALICB is also responsible for paying legal fees associated with the
transaction as described above.
Annual Fees
The QALICB is responsible for paying an annual loan servicing fee of
$24,375, 0.25% of the QEI (0.15% of which represents loan servicing and
accounting services and 0.10% of which represents NMTC compliance
services) to The Valued Advisor Fund, LLC, an affiliate of Baker Tilly.
The QALICB shall be responsible for payment of the following amounts to
the CDE lender, which amounts shall be payable to the CDE Lender as
interest on the QLICI Loans.
A non-accountable annual audit, compliance AUP and tax preparation fee of
$13,429 per year, prorated for any portion of a year, totaling $94,003 over
+
the compliance period, which shall then be paid by CDE Lender to MCD,
Annual asset management fee of $34,125 (0.35% of the QEI) per year,
prorated for any portion of a year, which shall then be paid by CDE Lender
to MCD.
Annual miscellaneous fee of $1,000 per year, prorated, totaling $7,000 over
the compliance period, which shall then be paid by CDE Lender to MCD.
MCD/NPAC Term Sheet 4
