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3/4/2004 BUT-FOR ANALYSIS Page 1 of 2
<br />
<br />Mortgage
<br />Equity
<br />Tax Rebate Financing
<br />TOTAL SOURCES
<br />
<br />Land
<br />Site Work
<br />Soil correction
<br />Demolition
<br />Relocation
<br />Subtotal Land Costs
<br />
<br />Construction
<br />Finish Manufacturing
<br />Subtotal Construction Costs
<br />
<br />Soft Costs
<br />Taxes
<br />Finance Fees Cap Interest
<br />Project Manager
<br />Development Fee
<br />Contingency 3%
<br />Subtotal Soft Costs
<br />
<br />TOTALUSES
<br />
<br />Rent-Space 1
<br />Rent-Space 2
<br />Vacancy 7% Space 2
<br />
<br />TOTAL INCOME
<br />
<br />Mortgage
<br />
<br />DEBT SERVICE PAYMENT
<br />
<br />Net Income
<br />Total Return on Equity
<br />
<br />Sq. Ft.
<br /> 10,000
<br /> 10,000
<br />
<br />I'ERM
<br />RATE
<br />~RINCIPAL
<br />
<br />Per Sq. Ft.
<br /> $6.OO
<br /> $6.OO
<br />
<br />20
<br />6.00%
<br />
<br /> WITH NO
<br />TAX REBATE
<br />
<br />SOURCES AND USES
<br />
<br />SOURCES
<br />
<br /> WITH
<br />TAX REBATE
<br />
<br />SOURCES AND USES
<br />
<br />SOURCES
<br />
<br />1,456,000 1,256,000
<br />50,000 50,000
<br />0
<br />
<br /> 1,506,000 1,506,000
<br />USES USES
<br />
<br />185,000 185,000
<br />15,000 15,000
<br />
<br /> 50,000 50,000
<br /> 250,000 250,000
<br />
<br />1,160,000 1,160,000
<br />1,160,000 1,160,000
<br />
<br />54,00( 54,000
<br />
<br />42,000 42,000
<br />96,000 96,000
<br />
<br />1,506,000 1,506,000
<br />
<br />1,456,000
<br />
<br />Income statement
<br />
<br />60,000
<br />60,000
<br />(4,200)
<br />
<br />115,800
<br />
<br />126,941
<br />
<br />-11,141
<br />
<br />Income Statement
<br />
<br />60,000
<br />60,000
<br />(4,200)
<br />
<br />115,800!
<br />
<br />,256,000
<br />
<br />109,504
<br />
<br />6,296
<br />
<br />BUT-FOR ANALYSIS-orluck-2-pst
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