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 Willow Creek Park 30
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DescriptionTotalComments
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Equity Contribution
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Land Cost $ 740,000.00
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Equity Investors' Contribution $ 740,000.00
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Total Number of Condos30
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Equity Investors' Contribution per condo $ 24,666.67
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Construction Financing
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Construction Cost per condo $ 130,500.00 1,200+ sq ft 3 br, 2 baths
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Soft Cost & Infrastructure Cost per condo $ 9,450.00
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Amenities Cost per condo $ 7,000.00
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Interest $ 7,500.00 *Interest is estimated. Dependent on financing terms
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Construction Loan w/ Interest $ 154,450.00
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Estimated Appraised Value $ 255,000.00
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Construction Loan LTV60.57%
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Estimated Project Profits
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Land Cost per condo $ 24,666.67 Contributed via equity investors
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Construction Cost w/ interest per condo $ 154,450.00
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Total Expenses per condo $ 179,116.67
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Condo Sales Price $ 255,000.00
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4% RE Commission (1% list, 3% buyer)4%
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RE Commission Cost $ 10,200.00
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Profit Per Condo (before partners' 14% interest earnings) $ 65,683.33
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Total Number of Condos30
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Net proceeds from all condo sales $ 1,970,500.00
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Less: Equity Partners' Interest Earned from Contribution $ 221,704.00 Partners' 14% annual interest earnings
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Grand Total: Net Profit for Entire Project $ 1,748,796.00
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Total Number of Condos30
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Total Profit Per Condo $ 58,293.20
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Return on Investment
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Total Profits to Equity Partners20%
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Total Contribution Required from Equity Partners $ 740,000.00
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Partner's Contribution $ 25,000.00 Input amount partner is investing
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Partner's Percentage of Contribution3.4%
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Partner's Percentage of Total Project's Net Profits0.6757%(Partner's total ownership in the company)
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Partner's Profit Share before accrued interest earnings $ 11,816.19
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Plus: Partner's 14% Annual Accrued Interest $ 7,490.00 14% guaranteed interest annually, 24 months total
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Partner's Net Profit on Investment $ 19,306.19
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Total Money Returned To Partner Upon Project Completion $ 44,306.19
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Translated Annual Interest Rate38.61%Partner's principal, interest, and profit share will be returned within 24 months
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14% Interest Calculator:
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Equity Investors' Contribution $ 740,000.00
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Guaranteed Interest Rate (aside from profit sharing)14%
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Compounding Periods Per Year1
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Project Time (years)2.00
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End Value of Investment on initial 14% interest rate only $ 961,704.00
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Total Interest Earned with 14% interest after 24 months $ 221,704.00
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