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Project Information
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Project Name:Broadway Storage
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Developer:George Sugarman
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Company:
Broadway Storage LLC
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Address:1668 Broadway St
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City:Vallejo
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State:CA
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Develpmemt Type:Self Storage
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Building Profile
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Building Size:SqFt% Total
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Total Commercial19,52095%
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Residential1,0405%
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Total Square Feet20,560100.00%
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Stabilized Proforma
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Operating Statement:
CurrentProforma
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Proforma Market Rent
$0$341,046
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Total Income$0$309,373
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Total Operating Expenses
$0$61,799
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Net Operating Income
$0$247,574
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Net Cash Flows$0$247,574
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Sources
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$ Total
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Equity#REF!#REF!
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Debt#REF!$1,890,000
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Total100%#REF!
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Uses
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$ Total
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Land at Cost$1,100,000
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Capital Expenditures$673,075
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Interest Reserve$61,425
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Legal$5,000
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Closing Costs$15,000
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Divergent Fee$18,900
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Lender Fee$9,450
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Total$1,882,850
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Financing
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Bridge Loan - Current Request
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Loan to Cost100%
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DSCR1.73
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Debt Yield13.10%
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Value / SqFt$178
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Loan / SqFt$92
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Loan Amount$1,890,000
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