183 Columbia Heights - Condo Sellout

183 Columbia Heights - Condo Sellout Sellout 1/31/14 Status Amount Floor 1 Floor 2 Floor 3 Floor 4 Floor 5 Floor 6 Floor 7 Just Released In Contract Accepted Offer Accepted Offer Accepted Offer In Contract In Contract $ 2,195,000 1,825,000 1,900,000 2,000,000 2,100,000 2,425,000 2,550,000 Broker Fee (4%) Closing Costs (2%) Net Sellout Building Loan Construction Loan Remaining Hard Costs Remaining Soft Costs Remaining Contingency Reimbursements (599,800) (299,900) 14,095,300 (4,620,000) (787,316) (353,877) (50,000) (25,000) (626,579) Return of Equity Total Distributable Profit (50%) $ (3,529,999) (2,051,265) FT Real Estate - Distribution Initial Contribution Additional Contribution 88 333 Total Contribution 588,333 Projected Return of Equity $ 588,333 Projected Profit $ 341,877 Projected Total Distribution $ 930,210 500,000 EFTA01141191