| |
Original cost |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
13,886,158 |
| 190 Residual Value |
13,886,158 |
| 195 Land Residual |
2,777,232 |
| 670 Mtge Amortization |
4,347,420 |
| 710 Depreciation |
7,856,317 |
| |
|
| Developer |
|
| 1 196 Equity Residual |
95387 |
| 1 916 Pre-Tax Present Value |
-448054 |
| 1 926 Pre-Tax Net Cash |
-394061 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
4,127,007 |
| 2 916 Pre-Tax Present Value |
-1478401 |
| 2 926 Pre-Tax Net Cash |
5,513,313 |
| |
|
| Investor |
|
| 3 196 Equity Residual |
9,204,882 |
| 3 880 Inc.Taxes:Equity Residual |
-2434891 |
| 3 916 Pre-Tax Present Value |
-3404130 |
| 3 917 After-Tax Present Value |
-3582402 |
| 3 926 Pre-Tax Net Cash |
6,586,185 |
| 3 927 After-Tax Net Cash |
4,346,882 |
| |
|
| Other |
|
| 4 196 Equity Residual |
238468 |
| 4 670 Mtge Amortization |
220413 |
| 4 916 Pre-Tax Present Value |
295208 |
| 4 926 Pre-Tax Net Cash |
921944 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
-5035377 |
| 99 926 Pre-Tax Net Cash |
12,627,382 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
|
| 1 938 FMRR Pre-Tax |
-6.5 |
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
7.32 |
| 2 938 FMRR Pre-Tax |
10.22 |
| |
|
| Investor |
|
| 3 936 IROR Pre-Tax |
5.18 |
| 3 937 IROR After-Tax |
3.98 |
| 3 937.1 IROR After-Tax(w/o pass.loss) |
3.83 |
| 3 938 FMRR Pre-Tax |
7.56 |
| 3 939 FMRR After-Tax |
7.16 |
| 3 939.1 FMRR After-Tax(w/o pass.loss) |
6.71 |
| |
|
| Other |
|
| 4 936 IROR Pre-Tax |
|
| 4 938 FMRR Pre-Tax |
|
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
6.03 |
| 99 938 FMRR Pre-Tax |
8.84 |
|