| Funding |
% of Total |
Amount |
| Short Term Financing |
80.00% |
$2,079,038 |
| Equity |
20.00% |
$519,759 |
| Total |
100.00% |
$2,598,797 |
| Capitalization |
|
| Stabilized NOI |
$247,095 |
| Rate |
9.00% |
| Value (at stabilization) |
$2,745,497 |
| Value per Gross Square Foot |
$53.89 |
| Cash on Cash |
|
| 3 Year |
15.49% |
| 5 Year |
26.20% |
| 7 Year |
30.04% |
| 9 Year |
34.15% |
| Internal Rate of Return |
Leveraged |
Unleveraged |
| 3 Year |
14.92% |
9.10% |
| 5 Year |
19.91% |
10.52% |
| 7 Year |
21.19% |
11.10% |
| 9 Year |
21.51% |
11.39% |
| Ratios |
|
| Loan-to-Value (at stabilization) |
75.73% |
| Debt Service Coverage (at stabilization) |
1.37:1 |
| Important Milestones |
Month |
Occupancy % |
| Break Even |
16 |
30% |
| Absorption |
23 |
56% |
| Stabilization |
33 |
90% |
| Development Life Cycle |
Months |
Length |
| Pre-Construction |
1 thru 2 |
2 months |
| Construction |
3 thru 8 |
6 months |
| Fill-up |
9 thru 32 |
24 months |
| Stabilized |
33+ |
|