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Har Mar Pre-Closing Budget
<br />bFe606
<br />Pre - Development Use
<br />Cost Category
<br />1.01/1.03 EamescMoney
<br />1.01 Land + 1.03 Exist S�uccures
<br />1.10 Demolition
<br />1.20 Hazardous Waste Remediation
<br />1.25 Relocaeion (?)
<br />z 130 Tide
<br />� 135lnrerest
<br />� 1.40 Ori@inaaon Fee
<br />a1.45 Lender Costs
<br />6 1.50 Haz Liability [ns.
<br />1.55 RE Taxes
<br />1.60 Utilities
<br />1.65 Bldp/Sire Mainrenance
<br />1.95 Other Holding Costs
<br />5.05 Arch Design
<br />� 5.06 Hrch Reimbursement
<br />w
<br />F'" 5.10 Arch Inspec[ions- CA
<br />z5.15 Legal - RE.
<br />O
<br />�5.20 Accoundng
<br />S.ZS Dev. Consultants
<br />O
<br />a 530 Const. Consultants
<br />5.35 Engin/Surveyor
<br />536 Environ. Consul[ants
<br />,9 51.05 Interese 3rd party pre-dev loans
<br />w
<br />� j 51.10 Origination Fee
<br />L
<br />'L � 1. IS Lender Cost<
<br />9'.OS Marketin,� Cost�
<br />9Z.10 Survey
<br />92.11 GeoTech
<br />92.15 SAC/WAC
<br />� 92.20 Appraisal
<br />�
<br />� 92?5 Ener�qy Audi[
<br />�," 9'?30 Envir. Assessment
<br />O
<br />� 9235 Markecing Srudy
<br />92.40 Gov't Fees
<br />92.45 Ta�c Credt Fee
<br />92.50 Commpliance Fees
<br />92.99 Misc Soft Cosrs
<br />� 94.05 Legal, Organ.
<br />O 94.10 Legal, Tau Opinion
<br />U 94.15 Bridge La Interest
<br />tkD�tt'��P•wtwc4� 4.ef�✓�•f�G
<br />Central Community Housing
<br />s Pre- Development Sources
<br />Toral Source Amount Status
<br />94.00o Bank Acq - 80% LTV $4,�00,000
<br />4,920,00o HPN - acq $600,000
<br />0
<br />0 HPN - pre de�� $600,000
<br />o ? Phillips Suburban Funds $80,000
<br />o LISC Ceca�A�`��*�,��'1�$300,000
<br />700,000 7°f, GMHC � $300,000
<br />50,000 Wells Fargo E(�2 $356,500
<br />TOTAL $6,636,500
<br />�0 ��. paid out of operating (i gaP
<br />0! pald out of operating 938,000 interest
<br />.Q� paid out of operaring 684,500 non-inreresc
<br />;��0', paid out of opera[ing
<br />15,000
<br />460,D00
<br />15,000
<br />75,000
<br />10,000
<br />5,000
<br />'_38,000 �7%
<br />5,000
<br />0
<br />3,500
<br />0
<br />0
<br />3,500
<br />0
<br />10,000
<br />?,500
<br />5,000
<br />0
<br />10,Q00
<br />C' gap
<br />Pre� Development - Construction Financing
<br />Source Amount
<br />Fannie Mae Const. Loan 1,000,000
<br />Roseville HRA 350,000
<br />Ramsey County 400,000
<br />Other 150,000
<br />Private (Corp, Fdn, Faith) 100,000
<br />TOTAL 2,000,000
<br />5,000
<br />10,000
<br />Q
<br />Toale 6,636,500
<br />1,622,500 third pazry costs
<br />Har Mar Pre Development Budget, Created by G. Ciganik, 2/6/06
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