| |
Ending mortgage balances plus $1 |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
7600000 |
| 190 Residual Value |
3438123 |
| 195 Land Residual |
687625 |
| 670 Mtge Amortization |
3438122 |
| 710 Depreciation |
4200000 |
| |
|
| Developer |
|
| 1 916 Pre-Tax Present Value |
522168 |
| 1 926 Pre-Tax Net Cash |
804399 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
3438122 |
| 2 916 Pre-Tax Present Value |
-453969 |
| 2 926 Pre-Tax Net Cash |
6766429 |
| |
|
| Investor |
|
| 3 196 Equity Residual |
1 |
| 3 880 Inc.Taxes:Equity Residual |
260534 |
| 3 916 Pre-Tax Present Value |
-3791687 |
| 3 917 After-Tax Present Value |
422434 |
| 3 926 Pre-Tax Net Cash |
-6197423 |
| 3 927 After-Tax Net Cash |
2254701 |
| |
|
| Other |
|
| 4 916 Pre-Tax Present Value |
-75317 |
| 4 926 Pre-Tax Net Cash |
743678 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
-3798805 |
| 99 926 Pre-Tax Net Cash |
2117083 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
|
| 1 938 FMRR Pre-Tax |
|
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
10.35 |
| 2 938 FMRR Pre-Tax |
12.02 |
| |
|
| Investor |
|
| 3 936 IROR Pre-Tax |
|
| 3 937 IROR After-Tax |
23.48 |
| 3 937.1 IROR After-Tax(w/o pass.loss) |
9.14 |
| 3 938 FMRR Pre-Tax |
|
| 3 939 FMRR After-Tax |
15.41 |
| 3 939.1 FMRR After-Tax(w/o pass.loss) |
10.6 |
| |
|
| Other |
|
| 4 936 IROR Pre-Tax |
10.5 |
| 4 938 FMRR Pre-Tax |
12.6 |
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
2.36 |
| 99 938 FMRR Pre-Tax |
6.66 |
