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8/14/2019 Financial Forecast 111609
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11/27/2009
Program VS Actual
Working Draft-11/12/09-for Discussion Purposes Only
This is Confidential Information and cannot be used by outside parties
Cheyenne WyomingHousing
Desired Rate/Square Foot = $2.40
No TIF Units 2.4
Unit Care Total Housing Unit Number Monthly Totals
Type Rate Rate Rate Size of Units Income Sq Ft.
One Bedroom Congregate $- $1,620 $1,620 675 5 $8,100 3,375
One Bedroom- One Bath-IL $- $1,824 $1,824 760 25 $45,600 19,000
One Bedroom Den $- $2,160 $2,160 900 12 $25,920 10,800
Two Bedroom-1 1/2 Bath $- $2,520 $2,520 1050 16 $40,320 16,800
Two Bedroom/2 Bath $- $3,000 $3,000 1250 2 $6,000 2,500
Studio-AL Units 1800 $2,880 $1,080 450 9 $9,720 4,050
One Bedroom-AL Units 2000 $3,320 $1,320 550 18 $59,760 9,900
Two Bedroom-AL Units 1700 $3,860 $2,160 900 3 $11,580 2,700
Memory Care-Studio 3800 $4,640 $840 350 18 $15,120 6,300
Memory Care-1 Bed 3800 $5,000 $1,200 500 6 $7,200 3,000
Unused $- 0 0 $- -
Unused $- 0 0 $- -
Totals/Avg 688 114 $229,320 78,425
$2,751,840 $2,751,840
Level Amount Units
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Senior Housing Partners, L.L.C. Page 2 11/27/2009
Cheyenne Wyoming
DraftFor Planning Purposes
Only
8/14/2019 Financial Forecast 111609
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Rev
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Revenue Projections
Cheyenne Wyoming
Unit Mix / Rental AnalysisUnit Total Care Housing Unit Number Percent Total Total
Type Rate Rate Rate Size of Units of Units Sq. Ft. Income
One Bedroom Congregate $1,620 $- $1,620 675 5 4.39% 3,375 $8,100
One Bedroom- One Bath-IL $1,824 $- $1,824 760 25 21.93% 19,000 $45,600
One Bedroom Den $2,160 $- $2,160 900 12 10.53% 10,800 $25,920
Two Bedroom-1 1/2 Bath $2,520 $- $2,520 1050 16 14.04% 16,800 $40,320
Two Bedroom/2 Bath $3,000 $- $3,000 1250 2 1.75% 2,500 $6,000
Studio-AL Units $2,880 $1,800 $1,080 450 9 7.89% 4,050 $25,920
One Bedroom-AL Units $3,320 $2,000 $1,320 550 18 15.79% 9,900 $59,760
Two Bedroom-AL Units $3,860 $1,700 $2,160 900 3 2.63% 2,700 $11,580
Memory Care-Studio $4,640 $3,800 $840 350 18 15.79% 6,300 $83,520
Memory Care-1 Bed $5,000 $3,800 $1,200 500 6 5.26% 3,000 $30,000
Unused $- $- $- 0 0 - $-
Unused $- $- $- 0 0 0.00% - $-
Total units $2,954 0 0 688 114 100.00% 78,425 $336,720
Level Amount Units 0 0
$- $- Included 0 0 $-
$- F Included 0 0 $-
Average/Totals 0
Meal Income/ExpenseMeals Included per month per unit -
Meals Included Annually -
Optional Meal Cost/Meal $-
Expected % Meal utilization 100%Optional Meals/Monthly 5,985
Optional Meals Annually 71,820
Total Meals 71,820
Optional Meal Revenues $-
Raw Food Cost/meal $3.25
Raw Food Cost/ Occupied Unit/Mo ### $170.63
$5,700
Double Occupancy
% of Double occ. units 10%
2nd Occupant rate 500
2nd Occupant income $5,700
Meal income $-
Garage Income $675.00
Telephone $- $-
Sub-Total $5,700
Debt Service Reserve Incom $3,770
#REF!
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Rev
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8/14/2019 Financial Forecast 111609
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Dev Assump
Page 5
Project Overview
Cheyenne Wyoming
Marketing Assumptions Development Assumptions
% Stabilized Occupancy 93% Land cost $950,000
Garage utilization 30% City Fees 0.00% $169,500Monthly Fill-up Rate 3 Architect Fees $0 $574,009
Preleased units 20 VSSA Site Costs
% Preleased 17.54% Development Fees 0.00% $380,422
Marketing Cost/ unit $3,500 Total Dev. Cost/Unit $-
Trending Building Assumptions
Expense Trend Rate 3.00% Unit Sq. Footage 78,425
Revenue Trend 2nd Year 3.00% Commons/Circulation Sq. Ft. 40,500
Revenue Trend Yr 3+ 3.00% Total Residential 118,925
Operational Assumptions Garages 28,600
Management Fee 4.0% Unused
Operational Reserves / Unit 15000 Total Building (all in) 147,525
Replacement Reserves 3% Building Efficiency Quotient 65.94%
Utilities per Sq. Ft. Construction Assumptions
Gas/Heat $0.45 Const Months 12
Electric $0.40 Construction Interest 0.00% 763,000
Water/Sewer $0.30 Const cost/ft $90.00
Taxes & TIF Total Const. Cost $13,277,250
1st Year Taxes $45,000 Const contingency 3% $398,318
Estimated Taxes per unit $1,500 Other Capital Assumptions
Projected Taxes $171,000 Engineering & Survey $35,000
Percent 0% FF & E $508,500
Tax After TIF $171,000 Kitchen $200,000
F Rebate $- Underwriter $-
Financing Assumptions Other Cost of Issuance $750,000
Interest Rate 6.00% Builders Risk/Interupt $35,000
rm in Years 40 Preopening Salaries $50,000
Equity $5,000,000 Special Assessment $-
Resident Deposit Equity $- Site Costs $75,000
Months of Interest Only $14 Legal & Organization $75,000
Loan Proceeds $16,480,985
Other Debt 0
Debt Service Reserve $1,131,000
Annual Principal $1,088,167
Monthly Principal $90,681
Debt Service Coverage #REF!
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Capital
Page 6
PROJECTED SCHEDULE OF CAPITAL INVESTMENT
Cheyenne Wyoming
Uses Cost % of Total Cost/Unit Cost/Sq Ft (all i
Land $950,000 4.42% $8,333 $6.44
Architect Fees $574,009 2.67% $5,035 $3.89
Building Construction $13,277,250 61.81% $116,467 $90.00
Development Contingency $398,318 1.85% $3,494 $2.70
City Fees $169,500 0.79% $1,487 $1.15
Marketing Cost $399,000 1.86% $3,500 $2.70
Engineering & Survey $35,000 0.16% $307 $0.24
FF & E $508,500 2.37% $4,461 $3.45
Kitchen $200,000 0.93% $1,754 $1.36
Underwriter $- 0.00% $- $-
Other Cost of Issuance $750,000 3.49% $6,579 $5.08
Builders Risk/Interupt $35,000 0.16% $307 $0.24Preopening Salaries $50,000 0.23% $439 $0.34
Special Assessment $- 0.00% $- $-
Site Costs $75,000 0.35% $658 $0.51
Legal & Organization $75,000 0.35% $658 $0.51
Subtotal $17,496,577 81.45% $153,479 $118.60
Development Costs $380,422 1.77% $3,337 $2.58
Construction Interest $763,000 3.55% $6,693 $5.17
Operating Reserve $1,710,000 7.96% $15,000 $11.59
Debt Service Reserve Fund $1,131,000 5.27% $9,921 $7.67
Subtotal $3,984,422 18.55% $34,951 $27.01
Total Uses $21,480,999 $188,430 $145.61
Sources
Loan Proceeds $16,480,985 76.72%
Equity $5,000,000 23.28%
Resident Deposit Equity $- 0.00%
Months of Interest Only $14 0.00%
Total Sources $21,480,999 100%
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Staff
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Staffing Budgets
Cheyenne Wyoming
* Full Occupancy *****
Hour Annual Monthly Total
Department Position Rate Rate Cost Sun Mon Tue Wed Thu Fri Sat Hours
Administration Director $28.00 ### $4,853 - 8 8 8 8 8 - 40
Receptionist $12.50 ### $3,792 10 10 10 10 10 10 10 70
Bookkeeper $10.00 ### $867 - 4 4 4 4 4 - 20
Dept Total ### $9,512 10 22 22 22 22 22 10 130
Social/Act Marketing $23.00 ### $3,987 - 8 8 8 8 8 - 40
Activity Directo $18.00 ### $3,120 - 8 8 8 8 8 - 40
Dietician $30.00 $3,120 $260 - 2 - - - - - 2
Dept Total ### $7,367 - 18 16 16 16 16 - 82
Plant Operations Engineer $20.00 ### $3,467 - 8 8 8 8 8 - 40
Maintenance $12.00 $9,984 $832 8 - - - - - 8 16
Unused $- $0 $0 - - - - - - - -
Unused $- $0 $0 - - - - - - - -
Unused $- $0 $0 - - - - - - - -
Unused $- $0 $0 - - - - - - - -
Dept Total ### $4,299 8 8 8 8 8 8 8 56
Housekeeping Housekeeper $14.00 ### $2,184 8 4 4 4 4 4 8 36
Housekeeper $12.00 ### $2,912 8 8 8 8 8 8 8 56
Housekeeper $12.00 ### $2,912 8 8 8 8 8 8 8 56
Dept Total ### $8,008 24 20 20 20 20 20 24 148
Dietary FS Manager $23.00 ### $5,581 8 8 8 8 8 8 8 56
Cook $14.00 ### $6,795 16 16 16 16 16 16 16 112
Kitchen Aide $11.50 ### $5,581 16 16 16 16 16 16 16 112
Wait Staff $10.00 ### $9,100 30 30 30 30 30 30 30 210
Dept Total ### $27,057 70 70 70 70 70 70 70 490
Home Care RN $32 ### $1,109 4 0 0 0 0 0 4 8
Al Day $13 ### $12,619 32 32 32 32 32 32 32 224
Al Night $13 ### $12,619 32 32 32 32 32 32 32 224
Al PM $13 ### $9,464 24 24 24 24 24 24 24 168
LPN $22 ### $16,016 24 24 24 24 24 24 24 168
Nurse Mgr $36 ### $6,240 0 8 8 8 8 8 0 40
Dept Total ### $58,067 ##################### 832
Total Salaries ### $753,042
Benefits 21.00% $158,139
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Oper Assump
EXPENSE OPERATING ASSUMPTIONS
Account Annual Per Unit * Monthly Per Unit * Comments
Social Services
Activity Supplies $2,500 $22 $208 $1.83
Activity Programs $2,500 $22 $208 $1.83
Unused $0 $0 $0 $0.00
Unused $0 $0 $0 $0.00
Dietary
Dietary Supplies & Miscellaneous $3,500 $31 $292 $2.56
Dietary Consult $0 $0 $0 $0.00
Food $233,415 $2,048 $19,451 $170.63
Minor Equipment $1,500 $13 $125 $1.10
Chemicals $3,500 $31 $292 $2.56
Linen, & Uniforms $3,500 $31 $292 $2.56
Housekeeping
Hskg Supplies $4,500 $39 $375 $3.29
Laundry $1,000 $9 $83 $0.73
Linen $0 $0 $0 $0.00
Floor Care $1,500 $13 $125 $1.10
Unused $0 $0 $0 $0.00
Unused $0 $0 $0 $0.00
Maintenance/Engineering
Maintenance Sup. $10,000 $88 $833 $7.31
Trash $4,500 $39 $375 $3.29
Purchased Services $15,500 $136 $1,292 $11.33
Building Repair $5,000 $44 $417 $3.65
Snow Removal $2,500 $22 $208 $1.83
Pest Control $1,200 $11 $100 $0.88
Elevator $5,400 $47 $450 $3.95
Utilities
Gas/Heat $66,386 $582 $5,532 $48.53
Electric $59,010 $518 $4,918 $43.14Water/Sewer $44,258 $388 $3,688 $32.35
Home Care
Home Care Staff $696,800 $6,112 $58,067 $509.36
CBRF Training $0 $0 $0 $0.00
Medical Supplies $3,000 $26 $250 $2.19
On Call $15,000 $132 $1,250 $10.96
Administration
License & Fees $1,500 $13 $125 $1.10
Legal & Trustee $1,500 $13 $125 $1.10
Dues & Fees $1,000 $9 $83 $0.73
Audit & Accounting $5,600 $49 $467 $4.09
Management Fees $0 $0 $0 $0.00
Telephone Monthly Service $12,500 $110 $1,042 $9.14
Long Distance $1,000 $9 $83 $0.73
Mileage $550 $5 $46 $0.40
Van Service $15,000 $132 $1,250 $10.96
Office Supplies $5,500 $48 $458 $4.02
Seminars $1,200 $11 $100 $0.88
Insurance $48,000 $421 $4,000 $35.09
Marketing $45,000 $395 $3,750 $32.89
Postage $2,500 $22 $208 $1.83
Employee Health $0 $0 $0 $0.00
Transportation $0 $0 $0 $0.00
Taxes & Related
misc. allocation for Main Street $0 $0 $0 $0.00Real EstateTaxes $171,000 $1,500 $14,250 $125.00
TIF Rebate $0 $0 $0 $0.00
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ProformaAnnual Operating Proforma
Cheyenne Wyoming
Seven Year Proforma
Year Year Year Year Year Year Year
1 2 3 4 5 6 7
Units Rented 37 73 103 106 106 106 106
Percent Occupancy 32% 64% 90% 93% 93% 93% 93%
**Revenues**
One Bedroom Congregate 31,121 63,670 90,173 92,878 95,665 98,535 101,491
One Bedroom- One Bath-IL 175,200 358,440 507,642 522,871 538,557 554,714 571,355
One Bedroom Den 99,587 203,745 288,554 297,211 306,127 315,311 324,770
Two Bedroom-1 1/2 Bath 154,914 316,936 448,862 462,328 476,198 490,484 505,1
Two Bedroom/2 Bath 23,053 47,163 66,795 68,799 70,863 72,989 75
Studio-AL Units 99,587 203,745 288,554 297,211 306,127 315,311 324,770
One Bedroom-AL Units 212,829 469,745 665,278 685,236 705,793 726,967 748,776
Two Bedroom-AL Units 44,492 91,025 128,914 132,782 136,765 140,868 145,
Memory Care-Studio 320,893 656,511 929,786 957,679 986,410 1,016,002 1,046,482
Memory Care-1 Bed 115,263 235,816 333,975 343,994 354,314 364,943 375,892
Unused - - - - - - -
Unused - - - - - - -
Unused - - - - - - -
Unused - - - - - - -
Optional Meal Revenues - - - - - - -
2nd Occupant income 21,900 43,500 61,607 63,455 65,359 67,320 69,339
Meal income - - - - - - -
Debt Service Reserve Income 45,240 45,240 45,240 45,240 45,240 45,240 45,240
Garage Income 8,100 8,343 8,593 8,851 9,117 9,390 9,672
Telephone - - - - - -
Total Revenue 1,352,179 2,743,879 3,863,973 3,978,535 4,096,534 4,218,073 4,343,258
**Expenses**
Social Services
Marketing 47,840 49,275 50,753 52,276 53,844 55,460 57,123
Activity Director 37,440 38,563 39,720 40,912 42,139 43,403 44,705
Dietician 3,120 3,214 3,310 3,409 3,512 3,617 3,725
Activity Supplies 2,500 2,575 2,652 2,732 2,814 2,898 2,985
Activity Programs 2,500 2,575 2,652 2,732 2,814 2,898 2,985
Unused - - - - - - -
Unused - - - - - - -
Total Social Services 93,400 96,202 99,088 102,061 105,123 108,276 111,524
Dietary
FS Manager 66,976 68,985 71,055 73,186 75,382 77,644 79,973
Cook 81,536 83,982 86,502 89,097 91,769 94,523 97,358
Kitchen Aide 66,976 68,985 71,055 73,186 75,382 77,644 79,973Wait Staff 109,200 112,476 115,850 119,326 122,906 126,593 130,391
Dietary Supplies & Miscellaneou 3,500 3,605 3,713 3,825 3,939 4,057 4,179
Dietary Consult - - - - - - -
Food 74,734 152,897 216,541 223,037 229,728 236,620 243,719
Minor Equipment 1,500 1,545 1,591 1,639 1,688 1,739 1,791
Chemicals 3,500 3,605 3,713 3,825 3,939 4,057 4,179
Linen, & Uniforms 3,500 3,605 3,713 3,825 3,939 4,057 4,179
Total Dietary 411,422 499,686 573,733 590,945 608,674 626,934 645,742
Housekeeping
Housekeeper 26,208 26,994 27,804 28,638 29,497 30,382 31,294
Housekeeper 34,944 35,992 37,072 38,184 39,330 40,510 41,725
Housekeeper 34,944 35,992 37,072 38,184 39,330 40,510 41,725
Hskg Supplies 4,500 4,635 4,774 4,917 5,065 5,217 5,373
Laundry 1,000 1,030 1,061 1,093 1,126 1,159 1,194
Linen - - - - - - -
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ProformaEngineer 41,600 42,848 44,133 45,457 46,821 48,226 49,673Maintenance 9,984 10,284 10,592 10,910 11,237 11,574 11,921
Unused - - - - - - -
Unused - - - - - - -
Unused - - - - - - -
Unused - - - - - - -
Maintenance Sup. 10,000 10,300 10,609 10,927 11,255 11,593 11,941
Trash 4,500 4,635 4,774 4,917 5,065 5,217
Purchased Services 15,500 15,965 16,444 16,937 17,445 17,969 18,508
Building Repair 5,000 5,150 5,305 5,464 5,628 5,796 5,970
Snow Removal 2,500 2,575 2,652 2,732 2,814 2,898 2,985
Pest Control 1,200 1,236 1,273 1,311 1,351 1,391 1,433
Elevator 5,400 5,562 5,729 5,901 6,078 6,260 6,448
Total Maintenance/Engineer 95,684 98,555 101,511 104,556 107,693 110,924 114,252
Utilities
Gas/Heat 66,386 68,378 70,429 72,542 74,718 76,960 79,269
Electric 59,010 60,780 62,604 64,482 66,416 68,409 70,461
Water/Sewer 44,258 45,585 46,953 48,361 49,812 51,307 52,846
Total Utilities 169,654 174,743 179,986 185,385 190,947 196,675 202,575
Home Care
Home Care Staff 223,098 456,435 646,427 665,820 685,794 706,368 727,559
CBRF Training - - - - - - -Medical Supplies 3,000 3,090 3,183 3,278 3,377 3,478 3,582
On Call 15,000 15,450 15,914 16,391 16,883 17,389 17,911
Total Home Care 241,098 474,975 665,523 685,489 706,053 727,235 749,052
Administration
Director 58,240 59,987 61,787 63,640 65,550 67,516 69,542
Receptionist 45,500 46,865 48,271 49,719 51,211 52,747 54,329
Bookkeeper 10,400 10,712 11,033 11,364 11,705 12,056 12,418
Employee Benefits 168,727 173,789 179,002 184,373 189,904 195,601 201,469
License & Fees 1,500 1,545 1,591 1,639 1,688 1,739 1,791
Legal & Trustee 1,500 1,545 1,591 1,639 1,688 1,739 1,791
Dues & Fees 1,000 1,030 1,061 1,093 1,126 1,159 1,194
Audit & Accounting 5,600 5,768 5,941 6,119 6,303 6,492 6,687
Management Fees 54,087 109,755 154,559 159,141 163,861 168,723 173,730
Telephone Monthly Service 12,500 12,875 13,261 13,659 14,069 14,491 14
Long Distance 1,000 1,030 1,061 1,093 1,126 1,159 1,194
Mileage 550 567 583 601 619 638 657
Van Service 15,000 15,450 15,914 16,391 16,883 17,389 17,911
Office Supplies 5,500 5,665 5,835 6,010 6,190 6,376 6,567
Seminars 1,200 1,236 1,273 1,311 1,351 1,391 1,433
Insurance 48,000 49,440 50,923 52,451 54,024 55,645 57,315
Marketing 45,000 46,350 47,741 49,173 50,648 52,167 53,732
Postage 2,500 2,575 2,652 2,732 2,814 2,898 2,985
Employee Health - - - - - - -
Transportation - - - - - -
Total Administration 477,804 546,184 604,080 622,148 640,759 659,927 679,671
Taxes & Related
misc. allocation for Main Street - - - - - - -
Real EstateTaxes 171,000 176,130 181,414 186,856 192,462 198,236 204,183
TIF Rebate - - - - - -
Unused - - - - - - -
Total Tax & Related 171,000 176,130 181,414 186,856 192,462 198,236 204
Total Operating Expense 1,763,158 2,172,663 2,514,710 2,590,097 2,667,745 2,747,723 2,830,101
NOI (410,979) 571,217 1,349,264 1,388,439 1,428,789 1,470,350 1,513,157
Replacement Reserves 40,565 82,316 115,919 119,356 122,896 126,542 130,298
Cash Flow b4 Debt (451,544) 488,900 1,233,344 1,269,082 1,305,893 1,343,807 1,382,859
Loan Interest 986,082 979,786 973,101 966,004 958,469 950,470 941,977
Loan Principal 102,085 108,382 115,067 122,164 129,698 137,698 146,191Cash Flow (1,499,146) (599,267) 145,177 180,915 217,725 255,640 294,692
Debt Coverage Ratio 0 52 1 24 1 28 1 31 1 35 1 39
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Loan Amort
Page 11
Loan Amortization Schedule
Loan Amount $16,480,985
Interest Rate (annual) 6.00%
Interest Rate (monthly) 0.500%
Term in Years 40
Term in Months 480Annual PI $1,088,167
Monthly PI $90,680.62
Total
Payment Number Interest Principal Payment Balance
1 $82,405 $8,276 $90,681 $16,472,709
2 $82,364 $8,317 $90,681 $16,464,392
3 $82,322 $8,359 $90,681 $16,456,033
4 $82,280 $8,400 $90,681 $16,447,633
5 $82,238 $8,442 $90,681 $16,439,190
6 $82,196 $8,485 $90,681 $16,430,705
7 $82,154 $8,527 $90,681 $16,422,178
8 $82,111 $8,570 $90,681 $16,413,6099 $82,068 $8,613 $90,681 $16,404,996
10 $82,025 $8,656 $90,681 $16,396,340
11 $81,982 $8,699 $90,681 $16,387,641
12 $81,938 $8,742 $90,681 $16,378,899
Year 1 total $986,082 $102,085 $1,088,167
13 $81,894 $8,786 $90,681 $16,370,113
14 $81,851 $8,830 $90,681 $16,361,283
15 $81,806 $8,874 $90,681 $16,352,409
16 $81,762 $8,919 $90,681 $16,343,490
17 $81,717 $8,963 $90,681 $16,334,527
18 $81,673 $9,008 $90,681 $16,325,51919 $81,628 $9,053 $90,681 $16,316,466
20 $81,582 $9,098 $90,681 $16,307,368
21 $81,537 $9,144 $90,681 $16,298,224
22 $81,491 $9,190 $90,681 $16,289,034
23 $81,445 $9,235 $90,681 $16,279,799
24 $81,399 $9,282 $90,681 $16,270,517
Year 2 total $979,786 $108,382 $1,088,167
25 $81,353 $9,328 $90,681 $16,261,189
26 $81,306 $9,375 $90,681 $16,251,814
27 $81,259 $9,422 $90,681 $16,242,393
28 $81,212 $9,469 $90,681 $16,232,92429 $81,165 $9,516 $90,681 $16,223,408
30 $81,117 $9,564 $90,681 $16,213,845
31 $81,069 $9,611 $90,681 $16,204,233
32 $81,021 $9,659 $90,681 $16,194,574
33 $80,973 $9,708 $90,681 $16,184,866
34 $80,924 $9,756 $90,681 $16,175,110
35 $80,876 $9,805 $90,681 $16,165,305
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Loan Amort
Page 12
36 $80,827 $9,854 $90,681 $16,155,451
Year 3 total $973,101 $115,067 $1,088,167
37 $80,777 $9,903 $90,681 $16,145,547
38 $80,728 $9,953 $90,681 $16,135,594
39 $80,678 $10,003 $90,681 $16,125,592
40 $80,628 $10,053 $90,681 $16,115,53941 $80,578 $10,103 $90,681 $16,105,436
42 $80,527 $10,153 $90,681 $16,095,283
43 $80,476 $10,204 $90,681 $16,085,078
44 $80,425 $10,255 $90,681 $16,074,823
45 $80,374 $10,307 $90,681 $16,064,517
46 $80,323 $10,358 $90,681 $16,054,159
47 $80,271 $10,410 $90,681 $16,043,749
48 $80,219 $10,462 $90,681 $16,033,287
Year 4 total $966,004 $122,164 $1,088,167
49 $80,166 $10,514 $90,681 $16,022,773
50 $80,114 $10,567 $90,681 $16,012,20651 $80,061 $10,620 $90,681 $16,001,586
52 $80,008 $10,673 $90,681 $15,990,914
53 $79,955 $10,726 $90,681 $15,980,188
54 $79,901 $10,780 $90,681 $15,969,408
55 $79,847 $10,834 $90,681 $15,958,574
56 $79,793 $10,888 $90,681 $15,947,687
57 $79,738 $10,942 $90,681 $15,936,744
58 $79,684 $10,997 $90,681 $15,925,748
59 $79,629 $11,052 $90,681 $15,914,696
60 $79,573 $11,107 $90,681 $15,903,588
Year 5 total $958,469 $129,698 $1,088,167
61 $79,518 $11,163 $90,681 $15,892,426
62 $79,462 $11,218 $90,681 $15,881,207
63 $79,406 $11,275 $90,681 $15,869,933
64 $79,350 $11,331 $90,681 $15,858,602
65 $79,293 $11,388 $90,681 $15,847,214
66 $79,236 $11,445 $90,681 $15,835,770
67 $79,179 $11,502 $90,681 $15,824,268
68 $79,121 $11,559 $90,681 $15,812,709
69 $79,064 $11,617 $90,681 $15,801,091
70 $79,005 $11,675 $90,681 $15,789,416
71 $78,947 $11,734 $90,681 $15,777,683
72 $78,888 $11,792 $90,681 $15,765,891Year 6 total $950,470 $137,698 $1,088,167
73 $78,829 $11,851 $90,681 $15,754,039
74 $78,770 $11,910 $90,681 $15,742,129
75 $78,711 $11,970 $90,681 $15,730,159
76 $78,651 $12,030 $90,681 $15,718,129
77 $78,591 $12,090 $90,681 $15,706,039
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Loan Amort
Page 13
78 $78,530 $12,150 $90,681 $15,693,889
79 $78,469 $12,211 $90,681 $15,681,678
80 $78,408 $12,272 $90,681 $15,669,405
81 $78,347 $12,334 $90,681 $15,657,072
82 $78,285 $12,395 $90,681 $15,644,676
83 $78,223 $12,457 $90,681 $15,632,219
84 $78,161 $12,520 $90,681 $15,619,700Year 7 total $941,977 $146,191 $1,088,167
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Loan Amort
Payment Number 1 2 3 4 5 6
Interest $82,405 $82,364 $82,322 $82,280 $82,238 $82,196
Principal $8,276 $8,317 $8,359 $8,400 $8,442 $8,485
Total Payment $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 Balance $16,472,709 $16,464,392 $16,456,033 $16,447,633 $16,439,190 $16,430,705
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Loan Amort
Page 15
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Loan Amort
Page 16
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Loan Amort
8 9 10 11 12 13 14 1
$82,111 $82,068 $82,025 $81,982 $81,938 $81,894 $81,851 $81,80
$8,570 $8,613 $8,656 $8,699 $8,742 $8,786 $8,830 $8,87
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$16,413,609 $16,404,996 $16,396,340 $16,387,641 $16,378,899 $16,370,113 $16,361,283 $16,352,40
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Loan Amort
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Loan Amort
Page 19
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Loan Amort
18 19 20 21 22 23 24 2
$81,673 $81,628 $81,582 $81,537 $81,491 $81,445 $81,399 $81,35
$9,008 $9,053 $9,098 $9,144 $9,190 $9,235 $9,282 $9,32
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$16,325,519 $16,316,466 $16,307,368 $16,298,224 $16,289,034 $16,279,799 $16,270,517 $16,261,18
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Loan Amort
Page 21
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Loan Amort
Page 22
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Loan Amort
28 29 30 31 32 33 34 3
$81,212 $81,165 $81,117 $81,069 $81,021 $80,973 $80,924 $80,87
$9,469 $9,516 $9,564 $9,611 $9,659 $9,708 $9,756 $9,80
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$16,232,924 $16,223,408 $16,213,845 $16,204,233 $16,194,574 $16,184,866 $16,175,110 $16,165,30
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Loan Amort
Page 24
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Loan Amort
Page 25
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Loan Amort
38 39 40 41 42 43 44 4
$80,728 $80,678 $80,628 $80,578 $80,527 $80,476 $80,425 $80,37
$9,953 $10,003 $10,053 $10,103 $10,153 $10,204 $10,255 $10,30
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$16,135,594 $16,125,592 $16,115,539 $16,105,436 $16,095,283 $16,085,078 $16,074,823 $16,064,51
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Loan Amort
Page 27
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Loan Amort
Page 28
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Loan Amort
48 49 50 51 52 53 54 5
$80,219 $80,166 $80,114 $80,061 $80,008 $79,955 $79,901 $79,84
$10,462 $10,514 $10,567 $10,620 $10,673 $10,726 $10,780 $10,83
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$16,033,287 $16,022,773 $16,012,206 $16,001,586 $15,990,914 $15,980,188 $15,969,408 $15,958,57
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Loan Amort
Page 30
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Loan Amort
Page 31
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Loan Amort
58 59 60 61 62 63 64 6
$79,684 $79,629 $79,573 $79,518 $79,462 $79,406 $79,350 $79,29
$10,997 $11,052 $11,107 $11,163 $11,218 $11,275 $11,331 $11,38
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$15,925,748 $15,914,696 $15,903,588 $15,892,426 $15,881,207 $15,869,933 $15,858,602 $15,847,21
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Loan Amort
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Loan Amort
Page 34
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Loan Amort
68 69 70 71 72 73 74 7
$79,121 $79,064 $79,005 $78,947 $78,888 $78,829 $78,770 $78,71
$11,559 $11,617 $11,675 $11,734 $11,792 $11,851 $11,910 $11,97
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68
$15,812,709 $15,801,091 $15,789,416 $15,777,683 $15,765,891 $15,754,039 $15,742,129 $15,730,15
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Loan Amort
Page 36
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Loan Amort
Page 37
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Loan Amort
78 79 80 81 82 83 84
$78,530 $78,469 $78,408 $78,347 $78,285 $78,223 $78,161
$12,150 $12,211 $12,272 $12,334 $12,395 $12,457 $12,520
$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681
$15,693,889 $15,681,678 $15,669,405 $15,657,072 $15,644,676 $15,632,219 $15,619,700
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Loan Amort
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Loan Amort
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