Page 20 - BRC 3-deal package - 072417
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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
$45,859,057 $34,394,293 $11,464,764
17.26% 30.41%
8% 20.13% $26,164,991 $14,700,226 2.28x
9.37%
REVENUE EXPENSES
Total Expenses:
NOI
$ 7,831,198
($3,532,648) $ 4,298,550
flying horse 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.
18 | BOUTIQUE RETIREMENT CLUBS | OVERLAND PROPERTY GROUP | LEAWOOD, KANSAS
