Transcription of Development Pro Forma - RealData
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Property:The RealData Building612 Old Post RoadSouthport, CT 06824 Prepared For:Second Bank of Connecticut555 River RoadBridgeport, CT 06490 Prepared By:Northwood Development , LLC16554 Maple StreetSouthport, CT 06890 Date:February 12, 2010 DevelopmentPro FormaProject Location:The RealData Building612 Old Post RoadSouthport, CT 06824 Type of Property:Office Park35,000 SF, Gross Building Area30,000 SF, Rentable AreaDate of this Report:February 12, 2010 Purpose: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 Loan000 Development Loan02222 Lease-up Period & Takeout Loan22286 Long-Term Financing (20-year term)284012 First-Year Operation284012 Project Timeline (in Months)051015202530354045 Development LoanLease-up Period &Takeout LoanLong-Term Financing(20-year term)First-Year OperationProject SummaryThe RealData Buildingpage 1 Project:The RealData Building612
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 $ …
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