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Regional Shopping Center Illustration:Phase 1: Initial Phase

Schedule V: Sources Of Financing

Annual by participant

exc. construction financing Total 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
Developer                        
Lender 37,260,000 37,260,000                    
Investor 11,168,887 11,168,887                    
Other 57,626,289                     57,626,289
Public                        
Total 106,055,176 48,428,887                   57,626,289


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