Initial Operating Deficit: Absorption rate/no. units per month: No. months to cover shortfalls: Breakeven Occupancy %: $ Working Capital: Cash Investment: $ $ Debt Service Reserve Escrow: No. months of principal & interest payments: Offsite Escrow: $ $ Minor Movable Equipment Escrow: Demolition: $ Other: $ % of total TOTAL Without Land Equity: $ project cost: %* % of total $ TOTAL With Land Equity: project cost: %* *Total project cost is the total uses on the Form HUD-92264a-ORCF. Land Equity (Calculation of Warranted Price of Land): <<Describe whether land is currently owned or will be acquired, purchase price, date of purchase, part of larger parcel or planned unit development, etc.>> Front Money Escrow (Total Cash Requirement minus Escrows): Cash requirement will be met by: <<pre-paids, letter of credit, sponsor, etc. Example: “Borrower’s cash and letters of credit.”>> Based on a review of the principals their net worth is estimated at $ ; <<identify principal(s)>> their liquidity meets/exceeds $ . Estimates at Initial Submission Construction contract: $ Offsites $ Demolition $ $ Total construction costs: Construction contingency: $ Relocation escrow: $ Construction period: # of months: $ Architectural contract: Multiple AIA Agreements SWB FTE’s As reported on As reported on Operating Form Form Year Revenues ORCF Operations Base year $ $ – Operations Post construction $ $ –
Initial Operating Deficit: Absorption rate/no. units per month: No. months to cover shortfalls: Breakeven Occupancy %: Working Capital: $ Cash Investment: $ Debt Service Reserve Escrow: $ No. months of principal & interest payments: Offsite Escrow: $ Minor Movable Equipment Escrow: $ Demolition: $ Other: $ TOTAL Without Land Equity: $ % of total project cost: %* TOTAL With Land Equity: $ % of total project cost: %* *Total project cost is the total uses on the Form HUD-92264a-ORCF. Land Equity (Calculation of Warranted Price of Land): <<Describe whether land is currently owned or will be acquired, purchase price, date of purchase, part of larger parcel or planned unit development, etc.>> Front Money Escrow (Total Cash Requirement minus Escrows): Cash requirement will be met by: <<pre-paids, letter of credit, sponsor, etc. Example: “Borrower’s cash and letters of credit.”>> Based on a review of the principals <<identify principal(s)>> their net worth is estimated at $ ; their liquidity meets/exceeds $ . Estimates at Initial Submission Construction contract: $ Offsites $ Demolition $ Total construction costs: $ Construction contingency: $ Relocation escrow: $ Construction period: # of months: Architectural contract: $ Multiple AIA Agreements Year FTE’s As reported on Form Operating Revenues SWB As reported on Form Operations – Base year $ $ Operations – Post construction $ $ ORCF
9007_orcf-Redline.docx