Financial Summary
Sources
Return Metrics
Unlevered Levered (Pre Tax)
$15,387,111 25%
LP Equity (QOF)
Profit
$78,412,315 $80,216,888
$1,709,679 $13,926,759 $29,315,745
3% GP Equity
Equity Multiple
2.33
5.69
23% CPACE Loan (7.00% Interest Rate) 49% TIFIA Loan (4.35% Interest Rate)
IRR
11.43%
23.92%
GP
LP
$60,339,294
Total Sources
Equity Multiple
11.02
5.10
IRR
31.86%
22.63%
Uses
$4,595,500 $6,072,805 $42,832,125 $273,000 $4,469,074 $2,096,790
Land Costs Soft Costs
Development Spread
Unlevered
Hard Costs ($315 psf)
Yield-on-Cost Exity Cap Rate
7.21% 6.00%
Loan Fees
Interest Reserves
Other
Spread
120.6
$60,339,294
Total Cost
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