to home page  Home   E-Mail  SiteTree (all case studies)    HomePage    Index (this case study)    MV    AVAR    AVI    CM    OM    ENT    UNITMIX    Format420    Format418    Format424    Format426    Format421    Format409    Format410    Format411    Format401    Format423    Format413    Format412    Format404    Format425    Format429    Format402    Format422    Format428    Format405    Format406    Format407    Format408    Format415    Format416    Format417   

Tower Point Apartments (detail)

Schedule A: Project Cash Flow

Annual

  Total 1 2 3 4 5 6 7 8 9 10 11 12 13 14 15 16
DEVELOPMENT/CAPITAL ACCTS                                  
Depr. assets acquired                                  
Land Development -32500 -32500                              
Building Cost -9804825 -9804825                              
Service structures                                  
Architecture & Engineering -152609 -152609                              
Elevator/Escalator                                  
Furniture & Equipment -135000 -135000                              
Misc. Administration -1962303 -1962303                              
Dev. Costs Expensed                                  
Grants & Reimbursements                                  
Contingency -25000 -25000                              
Land -1037600 -1037600                              
Financing Fees -308087 -308087                              
Construction Interest -428234 -428234                              
Internal Interest                                  
Accounting Transfers                                  
Capitalized Cost -13886158 -13886158                              
Capital Replacement -720001   -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000
Ending Value . 13,886,158                               13,886,158
Capital Before Fin -720001 -13886158 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 13,838,158
Principal Flows . 8,999,428 13,346,848                             -4347420
Developers Capital 8,279,426 -539310 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 -48000 9,490,737
                                   
OPERATIONS                                  
Income 24,385,612   1,311,131 1,350,465 1,390,979 1,432,708 1,475,689 1,519,960 1,565,559 1,612,526 1,660,902 1,710,729 1,762,050 1,814,912 1,869,359 1,925,440 1,983,203
Expenses . -11466463   -577235 -599704 -623048 -647300 -672497 -698674 -725870 -754125 -783480 -813977 -845662 -878580 -912779 -948309 -985223
Net Avail. for D.S. 12,919,149   733896 750761 767931 785408 803193 821286 839689 858400 877422 896751 916389 936332 956581 977131 997981
Debt Service -7212981   -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865 -480865
Ground Rent                                  
Participation .                                  
Cash Flow 5,706,168   253031 269895 287066 304542 322327 340421 358823 377535 396556 415886 435523 455467 475715 496266 517115
Amortization . 1,569,080   63037 67328 71922 76840 82107 87748 93788 100257 107186 114608 122559 131076 140200 149975 160449
Earnings B.N.C.C. 7,275,248   316067 337223 358987 381383 404435 428168 452611 477792 503743 530494 558082 586543 615915 646241 677564
Non-Cash Charges . -7856317   -583007 -578843 -577829 -579063 -583578 -495856 -502714 -494428 -494428 -494428 -494428 -494428 -494428 -494428 -494428
Taxable Income -581069   -266939 -241620 -218842 -197681 -179143 -67688 -50102 -16636 9314 36066 63654 92114 121487 151812 183135
                                   
FINANCING SUMMARY                                  
Project Cash Flow. 12,627,382 -13457924 685896 702760 719931 737408 755193 773286 791689 810400 829421 848751 868389 888332 908580 929131 14,836,138
Developer -394061 -539310 2050 2219 2391 2565 2743 2924 3108 3295 3486 3679 3875 4075 4277 4483 100079
Lender 5,513,313 -5567000 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 463554 4,590,561
Investor 4,346,882 -7430348 287706 295458 304361 314102 325026 304969 316809 323601 333221 342870 352534 362200 371853 381477 7,161,044
Other Entities 921944 78734 22437 22859 23288 23725 24170 24622 25082 25550 26026 26509 27000 27498 28005 28518 487921
Public 2,239,303   -89852 -81329 -73662 -66539 -60300 -22784 -16864 -5600 3135 12140 21426 31006 40892 51100 2,496,534


 Home   E-Mail  home at CD root