Page 11 - The Addie

Project Capitalization
The assumed capital structure for the project is 77% Debt and 23% Equity, as detailed in the table
PROJECT CAPITALIZATION
below. For the purposes of this analysis we have assumed that land purchase for the project will be
funded 100% with equity; after which the lender would fund the balance of the capital requirements
through project stabilization. If the project were to exceed the budget then the equity investors would be
The assumed capital structure for the project is 77% Debt and 23% Equity, as detailed in the table below. For the purposes of this analysis we have assumed
required to fund additional capital as necessary.
that land purchase for the project will be funded 100% with equity; after which the lender would fund the balance of the capital requirements through project stabilization. If the project were to exceed the budget then the equity investors would be required to fund additional capital as necessary.
PROJECT CAPITALIZATION (excluding Deposits)
Amount
% of Total
Debt
25,286,905
77.5%
VTC Equity
5,426,250
16.6%
Legacy Equity
1,933,750
5.9%
Total Project
32,646,905
100%
LEGACY COMMUNITIES 9