Sources & Uses
Sources & Uses Sources
Detailed Uses Uses Acquisition Closing Costs
Per Unit 1
Total
Per Bed Per SF % Total
Per Unit 1
Per Bed Per SF % Total
Total
$5,258,000 $375,571 $122,279 $474.23
57.2%
Senior Loan
$5,200,000 $371,429 $120,930 $469.00
56.5%
Sponsor Equity (GP) Investor Equity (LP)
40,000
$2,857
930
3.61
0.4%
Acquisition Fee
$200,000 52,000 52,000 11,156 30,000 384,538 289,405 31,828 100,349
$14,286
$4,651 $18.04
2.2% 0.6% 0.6% 0.1% 0.3% 4.2% 3.1% 0.3% 1.1% 0.4% 0.9% 0.7% 4.5% 8.2% 0.3% 0.2% – 1.3% 2.5% 11.1%
3,960,000 $282,857
92,093 357.16
43.0%
Lender Origination Fee
3,714 3,714
1,209 1,209
4.69 4.69 1.01 2.71 2.87 9.05 3.43 7.85 34.68 26.10
Total
$9,200,000 $657,143 $213,953 $829.77 100.0%
Broker Fee Buyer Legal
797
259 698
Uses Net Purchase Price
Lender Legal (est.) Interest Reserve
2,143
$5,258,000 $375,571 $122,279 $474.23
57.2%
27,467 20,672
8,943 6,730
Closing Costs*
827,761 514,239
$59,126 $36,731
19,250 11,959
74.66 46.38
9.0% 5.6%
Int. Res. / Working Cap. Building Improvements
Cash Reserves Closing Costs Re Tax Escrow
2,600,000 $185,714
60,465 234.50
28.3%
2,273 7,168 2,714 6,214 4,695
740
Total Uses
$9,200,000 $657,143 $213,953 $829.77 100.0%
2,334
Insurance Reserve Insurance Escrow City Transfer Tax County Transfer Tax
38,000 87,000 65,725
884
2,023 1,528
5.93
–
–
–
–
Capex
Soft Costs
$416,500 758,955
$29,750 54,211
$9,686 $37.57
Hard Costs - Exterior Common Area - Interior Common Area - Exterior Interior Renovations Construction Management
17,650
68.45
30,000 18,000
2,143 1,286
698 419
2.71 1.62
1,024,516
73,180
23,826
92.40 11.14 20.61
123,478 228,551
8,820
2,872 5,315
Contingencies
16,325
Total Uses
$9,200,000 $657,143 $213,953 $829.77 100.0%
1)
Pro forma units incl ADU.
37
Strictly Private and Confidential
Made with FlippingBook - Online magazine maker