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After the Loan was paid, what was the remaining balance of funds to be distributed (Tip: Loan Balance is located on the Year End Account
BUILDING AREA ASSUMPTIONS GROSS SF RENTABLE SF 104,580 98,577 87,927 USABLE SF SOURCE OF FUNDS ASSUMPTIONS DEVELOPER CONTRIBUTION TO REQUIRED CAPITAL - NO PREF. RET. $ 1,250,000 INVESTOR EQUITY WITH A 8% ANNUAL PREFERRED RETURN $ 6,491,066 MINI-PERM LOAN AT 6.25% ANNUAL INT. $ 30,546,194 TOTAL FUNDING SOURCES $ 38,182,743 USES OF FUNDS ASSUMPTIONS LAND & OFFSITES SOFT COSTS HARD COSTS LOAN FEES & INTEREST TENANT IMPROVEMENTS TOTAL PROJECT COSTS TOTAL PROJECT COSTS PER RSF OPERATING ASSUMPTIONS MONTHLY FSG RENT PER SF ANNUAL OPERATING EXPENSES PER RSF BUILDING SALE ASSUMPTIONS SS $ $ 4,000,800 2,250,000 $ 24,644,250 $ 2,100,000 $ 5,187,693 $ 38,182,743 $ 387.34 $ 3.25 $ 11.20 1.) The building sold at a 5.75% CAP Rate based upon the figures in the Year-End Balances 2.) Closing Costs and Commissions totaled 5.00% of the Sales Price 3.) The building sold 29 months after the investor deposited their investment.
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