Development Pro Forma - RealData

← Back to document page

Property:The RealData Building612 Old Post RoadSouthport, CT 06824Prepared For:Second Bank of Connecticut555 River RoadBridgeport, CT 06490Prepared By:Northwood Development , LLC16554 Maple StreetSouthport, CT 06890Date:February 12, 2010DevelopmentPro FormaProject Location:The RealData Building612 Old Post RoadSouthport, CT 06824Type of Property:Office Park35,000 SF, Gross Building Area30,000 SF, Rentable AreaDate of this Report:February 12, 2010Purpose:The following pro Forma summarizes the varioushard and soft Development costs, and the proposedfinancing for this the sake of the analysis, certain assumptionshave been made concerning Development costs,financing terms, revenue rates and operating assumptions and the potential economic benefitsof this project are presented in the following Loan000Development Loan02222Lease-up Period & Takeout Loan22286Long-Term Financing (20-year term)284012First-Year Operation284012Project Timeline (in Months)051015202530354045Development LoanLease-up Period &Takeout LoanLong-Term Financing(20-year term)First-Year OperationProject SummaryThe RealData Buildingpage 1Project:The RealData Building612 Old Post Roa

Feb 12, 2010 · TOTAL PROJECT COST before lease-up period costs or income $ 7,134,533 203.84 per SF Net Lease-up Period Costs $ 119,707 3.42 per SF Value of Land as Equity $ 980,000 466,666.67 per acre TOTAL COST OVERALL (rounded, including lease-up period cost and land value) $ 8,234,200 235.26 per SF LOANS REQUESTED Development Loan $ …

  Cost