| |
Original value escalated by AVI[154] rate |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
2,942,399 |
| 190 Residual Value |
5,703,600 |
| 195 Land Residual |
1,425,900 |
| 670 Mtge Amortization |
2,500,000 |
| 710 Depreciation |
942667 |
| |
|
| Developer |
|
| 1 196 Equity Residual |
2,136,801 |
| 1 916 Pre-Tax Present Value |
999632 |
| 1 926 Pre-Tax Net Cash |
2,383,633 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
1,800,000 |
| 2 916 Pre-Tax Present Value |
-184075 |
| 2 926 Pre-Tax Net Cash |
1,424,023 |
| |
|
| Public |
|
| 5 670 Mtge Amortization |
700000 |
| 5 916 Pre-Tax Present Value |
183472 |
| 5 926 Pre-Tax Net Cash |
748819 |
| |
|
| Secondary Lender |
|
| 6 196 Equity Residual |
1,066,799 |
| 6 880 Inc.Taxes:Equity Residual |
-401893 |
| 6 916 Pre-Tax Present Value |
229301 |
| 6 917 After-Tax Present Value |
357766 |
| 6 926 Pre-Tax Net Cash |
1,066,799 |
| 6 927 After-Tax Net Cash |
1,136,239 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
435497 |
| 99 926 Pre-Tax Net Cash |
5,623,274 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
23.03 |
| 1 938 FMRR Pre-Tax |
23.05 |
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
8.12 |
| 2 938 FMRR Pre-Tax |
10.46 |
| |
|
| Public |
|
| 5 936 IROR Pre-Tax |
11.19 |
| 5 938 FMRR Pre-Tax |
12.74 |
| |
|
| Secondary Lender |
|
| 6 936 IROR Pre-Tax |
|
| 6 937 IROR After-Tax |
|
| 6 938 FMRR Pre-Tax |
|
| 6 939 FMRR After-Tax |
|
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
14.35 |
| 99 938 FMRR Pre-Tax |
15.1 |
|