1441 Montiel Road, Escondido

FINANCIAL ANALYSIS

ANNUAL PRO FORMA (AFTER DEBT)

1441 Montiel OM

Analysis Date: 2/6/2019

Annual Pro Forma (After Debt)

Fiscal Year Count

1

2

3

4

5

6

7

8

9

10

Fiscal Year Ending - April

May-01-19 FYE 2020 FYE 2021

FYE 2022 FYE 2023 FYE 2024 FYE 2025 FYE 2026 FYE 2027 FYE 2028 FYE 2029

Occupancy Percentage

92.8% 100.0% 100.0% 100.0% 100.0% 98.8%

97.1% 100.0% 100.0% 97.8%

Leveraged Acquisition Costs Mid-Point Pricing Bridge Loan Origination Fee Total Leveraged Acquisition Costs

-$9,860,000

-153,661

-10,013,661

607,542

665,177 664,984

0

0

0

0

0

0

0

Net Operating Income

Other Operating Receipts/(Disbursements) Tenant Improvements

-359,100 -33,240

0 -68,757 0 -53,749

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

0 0 0 0 0 0 0 0 0 0 0

Leasing Commissions

Capital Reserves

-7,499

-7,723

-7,955

Total Other Operating Receipts/(Disbursements)

-399,839

-7,723 -130,461

207,703 657,454 534,523

Non-Leveraged Operating Receipts/(Disbursements)

Net Residual Sale Receipts Gross Sales Proceeds

0 0 0 0 0 0

0 11,675,167 0 -350,255 0 11,324,912 0 -7,683,066

Cost of Sale

Residual Proceeds Loan Repayment

TI/LC/CapEx Reserve Repayment

0

0

Total Net Residual Sale Receipts

0 3,641,846

Cash Flow Sweeps

Cash Flow Sweep

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

0 0

Cash Flow Sweep Utilized

Debt Receipts/(Disbursements) Bridge Loan Initial Draw

7,168,220

0

0

0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

0 0 0 0

Principal Payment Interest Payment Additional Draws

-440,493 -453,035 -458,525

392,340

0 122,506

Total Debt Receipts/(Disbursements)

7,168,220 -48,153 -453,035 -336,019

-$2,845,441

$159,550 $204,419 $3,840,349

$0

$0

$0

$0

$0

$0

$0

Leveraged Operating Receipts/(Disbursements)

1441 MONTIEL ROAD, ESCONDIDO

52

Made with FlippingBook - professional solution for displaying marketing and sales documents online