EFTA01935989

Projected Return - 214/14 Gross SF Sellable SF' 15.750 12.355 Cost of Real Estate 6.600.000 4/17/12 Initial Equity 3.000.000 4/12/12 Cost of Project Hard, Soft d Financing Costs 2.974.072 Addiecnal Equity 5 530.000 315113 (-( 5 446.373 'Building Loan 4.620.000 4/17/12 'Constnicton Loan 5 779.868 8114113 'Sponsor Non-Interest Loan 5 644.204 6114/13 - Present 2.100.030 Initial Contnbubon Unit #1 (Projected) Just Reteased S 1 989 000 500.000 4112/12 Unit 02 In Contract 1.673,069 1,825.000 11/11/13 'Additional Contribution 88,333 3:5/13 Unit #3 In Contract 1.787.825 1,900,000 2/4/14 Total Contribution 5 588.333 Unit M4 Accepted Offer 1.830.500 2,000.030 1129114 Unit #5 Accepted Offer 2.035.500 2,100.000 1/30/14 Projected Return of Equity 588.333 Unit M6 in Contract 2,352.250 2.425.000 11/18/13 Projected Pratt 343.433 Unit #7 In Contract 2.473.500 2.550,000 1115/13 Projected Total Distribution 931.766 (371.373) 5 (50 000) 5 (25.000) Building Loan $ (4,020,000) Construcuon Loan (779.868) 'Sponsor Noniinterest Loan (644,204) Projected Return of Sooty (3.530.000) Projected Distributable to Investors (50%) $ (2.080.59*) Projected Distributable to Developer (50%) $ (2,050,599) oatnotoz ' Bnch.) Lod, inod>eJ pdchsse d ndi estate end butdoul for renew • Consinxeco Loan Included takes, ihe prworty from renal(/arts to ow,» øens lee bank would only knd more based en env equity and cost over ran being ftecled by Sconsor. SØ,4/ LOen Is nonnerat and on.gdn, ' st goal Estaie ~co samanel ecudy to be amain, 01185.33300 on WU» EFTA_R1_00390960 EFTA01935989