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Tower Point Apartments (demo)

Schedule A: Project Cash Flow

Annual

  Total 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017
DEVELOPMENT/CAPITAL ACCTS                                  
Depr. assets acquired                                  
Land Development -3195573 -3195573                              
Building Cost -8151702 -8151702                              
Service structures                                  
Architecture & Engineering                                  
Elevator/Escalator                                  
Furniture & Equipment                                  
Misc. Administration -1141238 -1141238                              
Dev. Costs Expensed                                  
Grants & Reimbursements                                  
Contingency -407585 -407585                              
Land -990000 -990000                              
Financing Fees                                  
Construction Interest                                  
Internal Interest                                  
Accounting Transfers                                  
Capitalized Cost -13886098 -13886098                              
Capital Replacement -720001   -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000
Ending Value . 13,886,098                               13,886,098
Capital Before Fin -720001 -13886098 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 13,838,098
Principal Flows . 8,999,428 13,346,848                             -4347420
Developers Capital 8,279,426 -539250 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 9,490,677
                                   
OPERATIONS                                  
Income 24,385,524   1,311,126 1,350,460 1,390,974 1,432,703 1,475,684 1,519,955 1,565,553 1,612,520 1,660,895 1,710,722 1,762,044 1,814,905 1,869,353 1,925,433 1,983,196
Expenses . -11466481   -577236 -599705 -623049 -647301 -672498 -698675 -725872 -754126 -783481 -813979 -845663 -878581 -912780 -948311 -985224
Net Avail. for D.S. 12,919,043   733890 750755 767925 785402 803186 821279 839682 858393 877414 896744 916381 936324 956572 977122 997972
Debt Service -7212981   -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865
Ground Rent                                  
Participation .                                  
Cash Flow 5,706,062   253025 269890 287060 304536 322321 340414 358816 377528 396549 415878 435516 455459 475707 496257 517107
Amortization . 1,569,080   63037 67328 71922 76840 82107 87748 93788 100257 107186 114608 122559 131076 140200 149975 160449
Earnings B.N.C.C. 7,275,142   316062 337217 358981 381377 404428 428162 452604 477785 503735 530487 558074 586535 615907 646232 677555
Non-Cash Charges . -6409941   -544294 -553894 -563494 -573094 -582694 -359247 -359247 -359247 -359247 -359247 -359247 -359247 -359247 -359247 -359247
Taxable Income 865201   -228233 -216677 -204513 -191718 -178266 68915 93358 118539 144489 171240 198827 227288 256660 286985 318308
                                   
FINANCING SUMMARY                                  
Project Cash Flow. 12,199,041 -13886098 685890 702755 719925 737401 755187 773279 791682 810393 829414 848743 868381 888324 908572 929123 14,836,070
Developer -394003 -539250 2050 2219 2391 2565 2743 2924 3108 3295 3485 3679 3875 4075 4277 4483 100078
Lender 5,513,313 -5567000 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 4,590,561
Investor 4,346,776 -7430348 274672 287057 299532 312089 324724 258983 268514 278094 287715 297363 307027 316693 326345 335969 7,602,347
Other Entities 493706 -349500 22437 22859 23288 23725 24170 24622 25082 25550 26025 26509 27000 27498 28004 28518 487919
Public 2,239,248   -76823 -72934 -68839 -64532 -60004 23197 31424 39900 48635 57639 66925 76505 86392 96599 2,055,164


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