| |
Capitalized value |
| PROJECT |
|
| 165 Capitalized Cost (TCC) |
48,428,888 |
| 190 Residual Value |
165,866,948 |
| 195 Land Residual |
41,466,737 |
| 670 Mtge Amortization |
57,626,289 |
| 710 Depreciation |
26,001,927 |
| |
|
| Developer |
|
| 1 196 Equity Residual |
50,080,442 |
| 1 916 Pre-Tax Present Value |
10,656,706 |
| 1 926 Pre-Tax Net Cash |
95,876,254 |
| |
|
| Lender |
|
| 2 670 Mtge Amortization |
|
| 2 916 Pre-Tax Present Value |
-7256539 |
| 2 926 Pre-Tax Net Cash |
38,340,200 |
| |
|
| Investor |
|
| 3 195 Land Residual |
41,466,737 |
| 3 196 Equity Residual |
16,693,481 |
| 3 916 Pre-Tax Present Value |
1,406,392 |
| 3 926 Pre-Tax Net Cash |
80,147,459 |
| |
|
| Other |
|
| 4 670 Mtge Amortization |
57,626,289 |
| 4 916 Pre-Tax Present Value |
-1493340 |
| 4 926 Pre-Tax Net Cash |
70,880,335 |
| |
|
| All Participants |
|
| 99 916 Pre-Tax Present Value |
18,694,968 |
| 99 926 Pre-Tax Net Cash |
285,244,249 |
| |
|
| Developer |
|
| 1 936 IROR Pre-Tax |
57.2 |
| 1 938 FMRR Pre-Tax |
28.89 |
| |
|
| Lender |
|
| 2 936 IROR Pre-Tax |
10.48 |
| 2 938 FMRR Pre-Tax |
12.14 |
| |
|
| Investor |
|
| 3 936 IROR Pre-Tax |
16.53 |
| 3 938 FMRR Pre-Tax |
15.11 |
| |
|
| Other |
|
| 4 936 IROR Pre-Tax |
12.54 |
| 4 938 FMRR Pre-Tax |
10.78 |
| |
|
| All Participants |
|
| 99 936 IROR Pre-Tax |
15.88 |
| 99 938 FMRR Pre-Tax |
14.68 |
|
