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i113E5
<br />TOTALPRO3ECT
<br />COST
<br />IANO LOST /AMU1SIPONf
<br />Land Cost or Value
<br />4,500,000
<br />Carrolton
<br />375,000
<br />Site Remeaienon
<br />175,000
<br />Total
<br />5,050,000
<br />ACqulsitlon Loan Fee
<br />38,430
<br />Acquisition Legal
<br />19,375
<br />Off Site Improvements
<br />193,393
<br />Total AC uisltlon Cost
<br />251,190
<br />Total Land Past /A ... Wti -Co.
<br />5,301,198
<br />Mc14CON5TRUCTION
<br />Site Work
<br />1,074,880
<br />araclures
<br />9,900,677
<br />General Requlrements
<br />759,490
<br />Contractor OVerheatl
<br />826,707
<br />Castraetar Profit
<br />526,707
<br />(Rd er
<br />General Poultry Insurance
<br />omar(Sporty
<br />Total New ConstruttlOn Costs
<br />13,500,461
<br />ARCHITECTURAL EFES.
<br />Design
<br />520,550
<br />Superalelon
<br />Total Architectural Costs
<br />520,550
<br />Total Survey is Ensdoel
<br />1,130,10
<br />LONSMUCTION INTER EST, &FEES
<br />Construction Loan Interest
<br />074,609
<br />Orlglnation Fee
<br />190,879
<br />Credit Enhaacemenl /Applkellon Fee
<br />Brad Premium
<br />15,000
<br />Taxes
<br />15],188
<br />Insurance
<br />179,140
<br />Title& Recording
<br />37,000
<br />Other: Closing Costs)
<br />20,000
<br />Other',
<br />Total Construction Interest& Fees
<br />1,493,904
<br />VERMANENTNNANCIN6`t,
<br />loan Origination Fee
<br />63,055
<br />Credit EnhancrearnVApplInaton Fee
<br />Title & Recording
<br />10,000
<br />Taxes
<br />5,000
<br />Other: (Closing COS6)
<br />20,000
<br />Other: (Specify)
<br />Total Perrllanent Finansing Caere
<br />108,055
<br />Subtotals Forward
<br />22,142,308
<br />L'MALFEES"
<br />-
<br />Leader Legal Paid by Appllwnl
<br />75700
<br />Other: (Partnership Legal)
<br />150,000
<br />Total Attorney Co.,
<br />225,000
<br />NESERVES
<br />Rent Reserves
<br />CapllaBsed Rent Reserves
<br />Operatme Reserve
<br />203,015
<br />Olber.(Trensltlon Reserve)
<br />Total Reserve Costs
<br />203,015
<br />APPRAISAL
<br />5
<br />Total ApprOleal Costs
<br />15,000
<br />Total Contingent, Cost
<br />�OTHERPROJECTCOSTS l
<br />TCAC/COIAC App /All- lbe /MOMtoring Fees
<br />88,542
<br />Environmental AUdl[
<br />66,320
<br />Local Development Impact Fees
<br />1,322,457
<br />Permit Processing Fees
<br />786,398
<br />Cassel Fees
<br />Marketing
<br />115,000
<br />Furnishings
<br />75,899
<br />Market Study
<br />23,150
<br />Accounting/Relmburssblee
<br />60,000
<br />Soft CostContingenry
<br />253,400
<br />Other: Ralo¢atlon
<br />955,161
<br />Other. (Hard Costs Ccotlegency)
<br />716,593
<br />Othen(Predevelopm clot Interest/Holdng Costs)
<br />715,004
<br />Diner:
<br />Diner
<br />omen
<br />Diner
<br />Total Other Cogs
<br />5,180,724
<br />SUBTOTAL PROJECT COST
<br />27,766,047
<br />DEVELOPER COS.
<br />Developer Overhead /Pr ofll
<br />1,899,999
<br />Non 1,01 Partner Flats
<br />Il
<br />Project Administration
<br />Broker Fees Pald to Matadi Party
<br />Canst Overslgbtb Developer
<br />Diner, (5pedry)
<br />Total Developer COSts
<br />1,999,999
<br />TOTAL PROJECT COSTS
<br />29,766,046
<br />80A -213
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