Page 13 - BRC 3-deal package - 072417

PROJECT DETAILS
Total Development Budget: Construction Loan: Investment Required: Project Cash on Cash: Project IRR:
INVESTOR RETURN
Preferred Return: IRR:
Investor Distribution: Investor Pro t: Equity Multiple:
RETURN ON COST
$46,789,858 $35,092,394 $11,697,465
21.37% 30.1%
8% 20.28% $28,118,802 $16,421,337 2.4x
10.4%
REVENUE EXPENSES
Total Expenses:
NOI
$ 8,510,119
($3,643,223) $ 4,866,896
chesterfield financial
Development Financials
The assumptions detailed below are based on the underwritten nancials of the The Fairways of Ironhorse in Leawood, KS which had a loan closing of 4/13/17.
The typical development will cost between $35-50 million, which includes the acquisition of the project site, development and construction costs, and working capital for the start-up of operations.
12 | BOUTIQUE RETIREMENT CLUBS | OVERLAND PROPERTY GROUP | LEAWOOD, KANSAS