| ( BTY )( ATY ) |
Total |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
| Developer ( ****)( ) |
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Residual ( 1 196) |
2,136,801 |
|
|
|
|
|
|
|
|
|
|
2,136,801 |
| Investment ( 1 310) |
-500000 |
-500000 |
|
|
|
|
|
|
|
|
|
|
| Investment Adj. ( 1 320) |
57601 |
57601 |
|
|
|
|
|
|
|
|
|
|
| Net Cash Flow (NCF) ( 1 699) |
689231 |
9488 |
2100 |
14526 |
27698 |
41659 |
56459 |
72147 |
88775 |
106402 |
125086 |
144891 |
| Subtotal: Developer ( ****)( ) |
2,383,633 |
-432911 |
2100 |
14526 |
27698 |
41659 |
56459 |
72147 |
88775 |
106402 |
125086 |
2,281,692 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Lender ( 8.1%)( ) |
|
|
|
|
|
|
|
|
|
|
|
|
| Const.Interest ( 2 155) |
74023 |
74023 |
|
|
|
|
|
|
|
|
|
|
| Const.Loan ( 2 220) |
|
|
|
|
|
|
|
|
|
|
|
|
| Orig.Mtge(s) ( 2 240) |
-1800000 |
-1800000 |
|
|
|
|
|
|
|
|
|
|
| Mtge Interest ( 2 660) |
1,350,000 |
|
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
| Mtge Amortization ( 2 670) |
1,800,000 |
|
|
|
|
|
|
|
|
|
|
1,800,000 |
| Subtotal: Lender ( 8.1%)( ) |
1,424,023 |
-1725977 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
135000 |
1,935,000 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Public ( ****)( 8.1%) |
|
|
|
|
|
|
|
|
|
|
|
|
| Const.Interest ( 5 155) |
48819 |
48819 |
|
|
|
|
|
|
|
|
|
|
| Orig.Mtge(s) ( 5 240) |
-700000 |
-700000 |
|
|
|
|
|
|
|
|
|
|
| Mtge Interest ( 5 660) |
700000 |
|
70000 |
70000 |
70000 |
70000 |
70000 |
70000 |
70000 |
70000 |
70000 |
70000 |
| Mtge Amortization ( 5 670) |
700000 |
|
|
|
|
|
|
|
|
|
|
700000 |
| Income Taxes (Annual) ( 5 850) |
-471333 |
-27744 |
-41879 |
-42347 |
-42843 |
-43368 |
-43925 |
-44516 |
-45142 |
-45806 |
-46509 |
-47255 |
| Inc.Taxes:Equity Residual ( 5 880) |
401893 |
|
|
|
|
|
|
|
|
|
|
401893 |
| Subtotal: Public ( ****)( 8.1%) |
679379 |
-678924 |
28121 |
27653 |
27157 |
26632 |
26075 |
25484 |
24858 |
24194 |
23491 |
1,124,639 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Secondary Lender( )( ) |
|
|
|
|
|
|
|
|
|
|
|
|
| Equity Residual ( 6 196) |
1,066,799 |
|
|
|
|
|
|
|
|
|
|
1,066,799 |
| Income Taxes (Annual) ( 6 850) |
471333 |
27744 |
41879 |
42347 |
42843 |
43368 |
43925 |
44516 |
45142 |
45806 |
46509 |
47255 |
| Inc.Taxes:Equity Residual ( 6 880) |
-401893 |
|
|
|
|
|
|
|
|
|
|
-401893 |
| Subtotal: Secondary Lender( )( ) |
1,136,239 |
27744 |
41879 |
42347 |
42843 |
43368 |
43925 |
44516 |
45142 |
45806 |
46509 |
712160 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
5,623,274 |
-2810069 |
207100 |
219526 |
232698 |
246659 |
261459 |
277147 |
293775 |
311402 |
330086 |
6,053,491 |
|