Proforma Summary Sheet $-$ MultifamilyInvestment Opportunity #$4$: Multifamily Residential

$$ Multiple Occupancy $60,000$ SF Multistory Apartment Building with consistent $2\%$ vacancy

$$ Full service annual leases, No base year.

$$ Rent $30$ Studios $(400$ sq$.$ ft$.$ each$)$ @ $$2000/$month; $501$ Bedrooms $(600$ SF each$)$ @ $$3,000/$month$,202$ Bedrooms $(900$ SF each$)$ @ $$4500/$month

$$ Additional Income from Parking $(60$ spaces @ $$300/$month$)+$ Laundry$/$Gym$/$Storage$/$Amenity Fees $($$$400/$month$/$Apartment for $60$ apartments$)$

$$ Expenses are as follows $($all as a $\%$ of EGI$)$

o Property Taxes$8\%$

o Insurance$3\%$

o Maintenance$12\%$

o Management Fee$5\%$

o Reserves for Replacement$10\%$

o Other expenses$5\%$

$$ Price $=$ $$30,000,000$

$$ Capital Stack:

o $90\%$ LTV @$6\mathrm{.}5\%$ Interest Rate, $25$ Year Term, Fully Amortized

o $1\mathrm{.}1$ DSCR

o $10\%$ Borrowed Equity@ $12\%$ Preferred Return $($Interest$)$

o $10\%$ Interest Rate on Shortfalls

o Remainder Cash Equity

$$ Terminal Cap Rate $6\mathrm{.}5\%$