20 years 10% LTVR Closing Costs V&C OE MARR 75% 5 points 10% 45% 12% Loan Term Cap Rate Tax Rate Interest Rate 35% 6% Total Project Cost: $3,800,000 Annual Depreciation: $190,000 Net Lease Rate: $20/sf/yr Leasable Area: 40,000sf YEAR 1 Gross Potential Income: $ Vacancy & Collections: $ Effective Gross Income: $ Operating Expense: $ Net Operating Income: $ Value: $. 4.000.000 Loan Amount: $ Closing Costs: $ Annual Debt Service: $ Monthly PMTS: $ Before Tax Cash Flow: $ Interest (year 1)$ 177.820 Deprec (year 1) $ 190,000 Tax: $ After Tax Cash Flow: $ After Tax Net Sales Proceeds: $ 3.863,500 2.920.000 Rem. Balance: $ (after year 1) After Tax Equity: $ Investment Capital Req'd: $ 950.000 Net Present Value: $ Proceed Do Not Proceed 20 years 10% LTVR Closing Costs V&C OE MARR 75% 5 points 10% 45% 12% Loan Term Cap Rate Tax Rate Interest Rate 35% 6% Total Project Cost: $3,800,000 Annual Depreciation: $190,000 Net Lease Rate: $20/sf/yr Leasable Area: 40,000sf YEAR 1 Gross Potential Income: $ Vacancy & Collections: $ Effective Gross Income: $ Operating Expense: $ Net Operating Income: $ Value: $. 4.000.000 Loan Amount: $ Closing Costs: $ Annual Debt Service: $ Monthly PMTS: $ Before Tax Cash Flow: $ Interest (year 1)$ 177.820 Deprec (year 1) $ 190,000 Tax: $ After Tax Cash Flow: $ After Tax Net Sales Proceeds: $ 3.863,500 2.920.000 Rem. Balance: $ (after year 1) After Tax Equity: $ Investment Capital Req'd: $ 950.000 Net Present Value: $ Proceed Do Not Proceed