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Will the full anticipated $36 million in proceeds be disbursed on day of closing, or will the proceeds be disbursed over time? If over time, what is the time frame anticipated?

Question: 
Will the full anticipated $36 million in proceeds be disbursed on day of closing, or will the proceeds be disbursed over time? If over time, what is the time frame anticipated?
Answer: 

VHFA initially assumed all the proceeds would be received once the agreement was signed. If there is some pricing advantage to having the sales price set but disbursed over time we would consider that if it increased the amount of end proceeds. VHFA/VHCB would be open to considering both as long as, in the case of drawdowns over time, the interest rate is fixed upfront and doesn't reset with each draw.