Page 3 - OPG Pitch - Leawood 60% - 4.25.16
P. 3
The Fairways of Ironhorse
PROJECT DETAILS
• Total Dev. Budget $24,599,645
• Construction Loan - $17,457,832
• Total Equity Ask - $4.75M (60% ownership) • Developer Contribution - $1.4M (Land)
NOI (Years 3-5)
Return on Investment • NPV - $4,080,887
• Total Cash Return Net Investment: $6,552,508 Investor Promote
• Ownership - 60%
• IRR - 20.08%
• Unlevered IRR (stabilized yr. 3) - 8.80% • Cash on Cash - 12.41%
Assumes a 7% Cap Rate, sale in year 5
