Page 27 - 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
$36,212,540 $27,159,405 $ 9,053,135
18,35% 33.44%
8% 22.43% $21,751,782 $ 9,053,135 2.4x
9.65%
REVENUE EXPENSES
Total Expenses:
NOI
$ 6,567,889
($3,074,898) $ 3,492,991
five fountains 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.
24 | BOUTIQUE RETIREMENT CLUBS | OVERLAND PROPERTY GROUP | LEAWOOD, KANSAS
