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Event center + Retreat CAP Stack
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Uses Uses Percentage
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Land / Acquisition $ 5,800,000.00 46.4%
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Acquisition Costs $ - 0.0%
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Hard Cost $ 4,862,997.42 38.9% $ 7,628,803.00
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Soft Cost $ 1,654,803.00 13.2%
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Brokers and Acquisition fees $ 174,000.00 1.4%
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Total Uses $ 12,491,800.42 100.0%
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Sources Sources Percentage
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Developer Equity $ - 0.0%
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LP Equity $ 1,300,000.00 10.4%
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City Incentives/Contribution $ - 0.0%
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Senior Debt $ 11,191,800.42 89.6%
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Total Sources $ 12,491,800.42 100.0%3122950.105
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$0.00
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Stats
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CAP7.0%year 1
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As Complete Value $ 27,728,928.57 $4,621,488.10
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value per sqft $ 348.75
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Debt $ 11,191,800.42
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Net (year 1) $ 15,237,128.15
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LTV (AS-COMPLETE)40.36%#DIV/0!
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LTV (AS-IS)60.41%
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profit from leases: (5 year) $ 4,928,548.49 5 year hold
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total profit year 5 $ 29,521,269.44
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AS IS VAlue
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Land value: $8,700,000.00
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improvement value $15,212,000.00
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depreciation60%
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building 2 improvement$700,000.00
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depreciation80%
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$18,527,200.80
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$4,463,615.94
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offer 70% of the LP postition for the 47Million dollars. on the refinance
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