Page 4 - OPG Three Page Pitch - Leawood 60% 11.20.15
P. 4
The Fairways of Ironhorse
PROJECT DETAILS
• Total Dev. Budget $23,036,625
• Construction Loan - $17,277,469
• Total Equity Ask - $5.18M (60% ownership)
• Land Purchase Price - $1.4M (OPG contribution - $575,916) • NOI Years 3-5
• Sale of Project - 5th year after construction commencement.
Investor - Return on Investment
• 9% Preferred Return
• Cash on Cash Yr. 1 - 13.39%
• IRR 21.34%
• NPV - $4,803,994
• Total Cash Return: $7,559,185
Fees
• OPG Dev Fee - $613,498
• Equity Transaction Fee - 3%
(est. $132k)
