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<br />10/25/2004
<br />
<br />Prepared By Ehlers
<br />
<br />Metro Plains - Jackson Block Rental Housing
<br />32 Units
<br />
<br />S!!
<br />
<br />
<br />1,107,748
<br />
<br />DEVELOPER FINANCING SERIES A
<br />DEVELOPER EaUITY
<br />AMOUNT FINANCED
<br />
<br />% OF FINANCE
<br />100.00%
<br />0,00%
<br />
<br />TOTALS
<br />
<br />MHFALoan 0
<br />DEED Loan 400,000
<br /> 76.23% 3,979,600
<br />TOTAL SOURCES 100.00% 5,087,346
<br />p
<br /> Per Unit %OFTOTAL SUBTOTAL TOTALS
<br />ACQUISITION COSTS
<br />LAND 0
<br />DEMO- SITE PREP 0.00 0,00%
<br />CONSTRUCTION COSTS 118,429
<br />BUilDING/LAND IMPROVEMENTS 74.49% 3,789,736 3,789,738
<br />SOFT COSTS
<br />PROFESSIONAL SERVICES 425,516
<br />Architectural. Engineering & Professional Fees 3.24% 164,806
<br />Civil Engineerir'lQ 0.29% 14,500
<br />Soils 0
<br />Environmental 0
<br />Legal 0.20% 10,000
<br />Title/SUNey/Mise: 0.68% 34,540
<br />Interior Design 3.34% 169,670
<br />Markel Research 0
<br />Commissions/Marketing 0.63% 32,000
<br />APPRAISALS 0,29% 15,000 1S,000
<br />CONTINGENCY 2,98% 151,589 151,589
<br />MISC 0,38% 19,548 19,548
<br />CITY FEES 0
<br /> Park Dedication Fee ($2,200/Unit) . m;ti~u
<br /> SACIWAC ($3.500IUnit)
<br />BORROWER'S COUNSEL 0.10% 5,000 5,000
<br />TAX CREDIT FEES 0
<br />REAL ESTATe TAXES 0,08% 4,000 4,000
<br />COST OF ISSUANCE 0
<br />BondCounc::i1 0
<br />Underwriter'sConsel 0
<br />CitylCountyFee 0
<br />Issuer's Fee 0
<br />Trustee Set-up 0
<br />Underwriter's Discount 0
<br />Rating Agency 0
<br />Bond Parking COsts 0
<br />Interest Rate Cap 0
<br />Printing 0
<br />Mise Bond Fees 0
<br />PERMANENT LOAN 0
<br />CLOSING COSTS 2.94% 149,805 149,80S
<br />PROJECT MANAGEMENT 305,400
<br />Administrative Fees 0
<br />Developer Fee
<br />CASH ACCOUNTS 151,352
<br />Lease-up Deficit 0,76% 38,626
<br />Construction Period Interest 2,22% 112,726
<br /> Tot&ISoftCo.t. 1,221,210
<br /> 5,016,946
<br />TOTAL USES 100.00% 5,081,346
<br />
<br />Pago10 of 13
<br />
<br />Appendix H Metroplains proforma
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