1/7/20137:41 PM

Projected Cost Analysis

Submited By:

Gene Schoenle CMS INC./GC

Submited To:
Telephone :
Fax:
Email:

Horizons Corporation of San Diego

619 265 1111

PROJECT:

4 Single Family Detached Homes

LOCATION :
DATE:
ACREAGE :
APN :
MAP :
EXPIRES :
ZONING :
LOT SIZE :
COMPS :

Fairmount Ave San Diego CA.

01/04/13
4.96
461-400-17,461-400-16,461-400-15,461-400-13
N.A.
N.A.
R1

lbloom@horizonscorpsd.com

See Attached Appraisals

Lot
92

PRODUCT MIX
BUILDINGS / UNITS
SQUARE FOOTAGE
BASE PRICE
BASE PRICE PER SQ. FT.
TOTAL COST PER UNIT
NET PROFIT PER UNIT

PROJECT SALES SUMMARY

Lot
93

1
1
5,150
5,480
$2,975,670
$3,188,209
$ 577.80 $
581.79
$2,212,403
$2,354,169
$763,267
$834,040

QTY

AMOUNT

UNIT

BASE SALES
LOT PREMIUMS
UPGRADES
POOLS/LANDSCAPING
TOTAL REVENUES

4
0
0
0
22165

$3,225,555
$0
$0
$0
$582

per sf
per unit
per unit
per unit
per sf

$12,902,219
$0
$0
$0
$12,902,219

PROJECT COSTS SUMMARY

LAND COSTS - LS
ARCH / ENGINEERING / PERMITS & FEES
SITEWORK & IMPROVEMENT COSTS
BUILDING COSTS
INDIRECTS
MARKETING & ADVERTISING
FINANCING EXPENSES
GENERAL & ADMINISTRATIVE
CONTINGENCY
TOTAL

QTY
4
1
1
22165
1
1
1
1
1
22165

UNIT COST
$750,000
$380,033
$1,170,690
$151
$198,270
$645,111
$370,642
$95,194
$333,912
$430

UNIT
per lot
per lot
per lot
per sf
per unit
per unit
per unit
per unit
per unit
per sf

TOTALS
$3,005,000
$380,033
$1,170,690
$3,336,263
$198,270
$645,111
$370,642
$95,194
$333,912
$9,521,926

NET PROFIT
NET PROFIT %
LOAN TO VALUE %
LOAN TO COST %
EQUITY TO COST %

Lot
96

Lot
94

1
5,275
$3,053,328
$
578.83
$2,266,102
$523,476

1
6,260
$3,685,012
$
588.66
$2,689,251
$995,760

LOAN
$1,205,000
$0
$1,170,690
$3,336,263
$198,270
$0
$370,642
$63,462
$333,912
$6,678,238

EQUITY
$1,800,000
$380,033
$0
$0
$0
$645,111
$0
$0
$0
$2,811,956

TOTAL

AVE / UNIT
4
22,165
5541
$12,902,219 $3,225,555
$9,521,926
$3,116,543

$430

TOTAL

TOTAL
% of TOTAL
$3,005,000
31.56%
$380,033
3.99%
$1,170,690
12.29%
$3,336,263
35.04%
$198,270
2.08%
$645,111
6.64%
$370,642
3.89%
$95,194
1.00%
$333,912
3.51%
$9,521,926
100.00%

$3,380,293
26.20%
51.76%
70%
30%

1 of 7
For Internal Review and Discussion ONLY

1/7/20137:41 PM

Projected Cost Analysis

LAND PURCHASE
LAND PURCHASE
ESCROW COSTS & LEGAL FEES
PAYMENT ON CURRENT LOAN
TOTAL LAND PURCHASE
ARCH / ENGINEERS & CONSULTANTS
ARCH., BUILDING PLANS
ARCH., ENERGY
ARCH., LANDSCAPE
ARCH., STRUCTURAL
BIOLOGY STUDY
DEVELOPMENT PLANNING - EIR
TRAFFIC STUDY
CIVIL ENGINEERS
SOILS ENGINEERS
SURVEY & STAKING
TOTAL ENGINEERS & CONSULTANTS
FEES & PERMITS
IMPROVEMENT BOND
PLAN CHECK FEES
BUILDING PERMITS
ADMINISTRATION FEES
COASTAL DEV. PERMIT
DESIGN REVIEW FEES
DRAINAGE FEES
CONCEPTUAL REVIEW
ELECTRICAL AUTHORITY FEES
FIRE DEPT FEE
FLOOD CONTROL IMP. FEES
MAJOR USE PERMIT
GRADING FEES & PERMITS
TENTATIVE PARCEL MAP APPL.
LANDSCAPE PLAN CHECK FEES
TENTATIVE SUBDIVISION MAP
FINAL SUBDIVISION MAP CHECK
COMPREHENSIVE INITIAL STUDY
LAW ENFORCEMENT ANEX FEES
PARK ANEX FEES
STREET SIGNAGE
SCHOOL FEES
SEWER FEES
EIR CONTRACT ADMINISTRATION
TRAFFIC MITIGATION FEES
GEOTECHNICAL REVIEW
WATER METERS
WATER & SEWER PLAN CHECK & INSP.
FEES & PERMITS OTHER
TOTAL FEES & PERMITS

QUANTITY

UNIT COST

UNIT

TOTAL

1
1
1

$3,000,000
$5,000
$0

per project
per project
per project

$3,000,000
$5,000
$0
$3,005,000

22165
22165
4
22165
4
1
1
1
4
4

$2.55
$0.25
$1,200.00
$1.00
$2,500.00
$10,000.00
$4,000
$35,000
$1,500
$1,850

per sf
per sf
per unit
per sf
per unit
per sf
per project
per project
per unit
per unit

$1,170,690
1
4
1
0
1
1
1
1
1
0
1
1
1
1
1
1
1
1
1
1
22165
1
1
4
1
1
1
0

2%
$600
$1,900.00
$500
$0
$5,800
$3,000
$1,200
$500
$2,500
$0
$6,000
$1,500
$5,000
$1,000
$10,000
$2,000
$5,000
$3,000
$4,200
$500
$5.31
$4,013
$3,400
$959
$1,200
$6,000
$5,000
$0

dev. Cost
per unit
per unit
per unit
per unit
ls
ls
ls
per unit
per unit
per unit
per unit
per unit
per unit
per unit
per unit
per unit
ls
per unit
per unit
per project
per sf
per unit
per project
per unit
per unit
per unit
per unit
per unit

LOAN

EQUITY

TOTAL

% of TOTAL

$1,200,000
$5,000
$0
$1,205,000

$1,800,000
$0
$0
$1,800,000

$3,000,000
$5,000
$0
$3,005,000

31.51%
0.05%
0.00%
31.56%

$56,521
$5,541
$4,800
$22,165
$10,000
$10,000
$4,000
$35,000
$6,000
$7,400
$161,427

$56,521
$5,541
$4,800
$22,165
$10,000
$10,000
$4,000
$35,000
$6,000
$7,400
$0

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$161,427

$56,521
$5,541
$4,800
$22,165
$10,000
$10,000
$4,000
$35,000
$6,000
$7,400
$161,427

0.59%
0.06%
0.05%
0.23%
0.11%
0.11%
0.04%
0.37%
0.06%
0.08%
1.70%

$17,560
$600
$7,600
$500
$0
$5,800
$3,000
$1,200
$500
$2,500
$0
$6,000
$1,500
$5,000
$1,000
$10,000
$2,000
$5,000
$3,000
$4,200
$500
$117,696
$4,013
$3,400
$3,836
$1,200
$6,000
$5,000
$0
$218,606

$17,560
$600
$7,600
$500
$0
$5,800
$3,000
$1,200
$500
$2,500
$0
$6,000
$1,500
$5,000
$1,000
$10,000
$2,000
$5,000
$3,000
$4,200
$500
$117,696
$4,013
$3,400
$3,836
$1,200
$6,000
$5,000
$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
$218,606

$17,560
$600
$7,600
$500
$0
$5,800
$3,000
$1,200
$500
$2,500
$0
$6,000
$1,500
$5,000
$1,000
$10,000
$2,000
$5,000
$3,000
$4,200
$500
$117,696
$4,013
$3,400
$3,836
$1,200
$6,000
$5,000
$0
$218,606

0.18%
0.01%
0.08%
0.01%
0.00%
0.06%
0.03%
0.01%
0.01%
0.03%
0.00%
0.06%
0.02%
0.05%
0.01%
0.11%
0.02%
0.05%
0.03%
0.04%
0.01%
1.24%
0.04%
0.04%
0.04%
0.01%
0.06%
0.05%
0.00%
2.30%

2 of 7
For Internal Review and Discussion ONLY

1/7/20137:41 PM

Projected Cost Analysis

SITEWORK & IMPROVEMENTS

SITE PREPARATION
BARRICADES & GUARDRAILS
COMMON AREA IMPROVEMENTS
COMPACTION OF PADS
CONC. SWALE
CONC. PATIOS
CURBS & GUTTERS
DEMOLITION & TREE REMOVAL
DRIVEWAY APPR.
DUST CONTROL
ELECTRIC UNDERGROUND
EROSION CONTROL
ENTRY GATES
FENCING / SITE WALLS
FIRE HYDRANTS
FIRE HYDRANT / VAULTS & EQUIPMENT
FIRE SPRINKLER PIPE
GAS
GRADING
IMPORT / EXPORT
LANDSCAPE & IRRIG / COMMON AREA
MAINTENANCE
PAVING DRIVEWAYS
REPAIR & REPLACE
RETAINING WALLS
SANITARY SEWER
SEWER MANHOLES
SIDEWALKS
STAMPED CONCRETE
STORM DRAIN / ONSITE 6"
STREET LIGHTS/SIGN
STREET IMPROVEMENTS
TELEPHONE / CABLE
VALLEY GUTTER
WATER DISTRIBUTION
MISC.
TOTAL SITEWORK & IMPROVEMENT COSTS
Total Land + Improvements
TOTAL FINISHED LOT COSTS

1
1
1
4
1160
0
3040
1
1200
1
1640
1
1
0
4
2
1650
1640
4400
200
15000
0
5600
2500
10000
1600
4
2800
0
600
6
24000
1520
1590
1600
0

$5,000
$2,500
$20,000
$1,500
$14
$0
$12
$3,500
$7
$5,000
$65
$8,500
$12,000
$0
$7,500
$3,500
$45
$35
$6.00
$8.00
$1.45
$0
$4
$10
$23.00
$78
$7,200
$5.50
$0.00
$15.50
$5,000
$7
$12
$7
$35
$0

ls
ls
ls
ls
ln ft
ln ft
ln ft
ea
sf
ls
ln ft
ls
ea
ln ft
ln ft
ln ft
ln ft
ln ft
per cu yd
per cu yd
sf
per unit
sf
sf
per sf
lf
ea
sf
sf
lf
ea
sf
ln ft
ln ft
ln ft
per unit

$5,000
$2,500
$20,000
$6,000
$16,240
$0
$36,480
$3,500
$8,400
$5,000
$106,600
$8,500
$12,000
$0
$30,000
$7,000
$74,250
$57,400
$26,400
$1,600
$21,750
$0
$22,400
$25,000
$230,000
$124,800
$28,800
$15,400
$0
$9,300
$30,000
$156,000
$18,240
$11,130
$56,000
$0
$1,170,690
$4,337,117

$5,000
$2,500
$20,000
$6,000
$16,240
$0
$36,480
$3,500
$8,400
$5,000
$106,600
$8,500
$12,000
$0
$30,000
$7,000
$74,250
$57,400
$26,400
$1,600
$21,750
$0
$22,400
$25,000
$230,000
$124,800
$28,800
$15,400
$0
$9,300
$30,000
$156,000
$18,240
$11,130
$56,000
$0
$1,170,690

$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

$5,000
$2,500
$20,000
$6,000
$16,240
$0
$36,480
$3,500
$8,400
$5,000
$106,600
$8,500
$12,000
$0
$30,000
$7,000
$74,250
$57,400
$26,400
$1,600
$21,750
$0
$22,400
$25,000
$230,000
$124,800
$28,800
$15,400
$0
$9,300
$30,000
$156,000
$18,240
$11,130
$56,000
$0
$1,170,690

0.05%
0.03%
0.21%
0.06%
0.17%
0.00%
0.38%
0.04%
0.09%
0.05%
1.12%
0.09%
0.13%
0.00%
0.32%
0.07%
0.78%
0.60%
0.28%
0.02%
0.23%
0.00%
0.24%
0.26%
2.42%
1.31%
0.30%
0.16%
0.00%
0.10%
0.32%
1.64%
0.19%
0.12%
0.59%
0.00%
12.29%

$0

$1,084,279

11.39%

3 of 7
For Internal Review and Discussion ONLY

1/7/20137:41 PM

Projected Cost Analysis

BUILDING CONSTRUCTION

QUANTITY

UNIT COST

UNIT

TOTAL

COOK TOPS
DISHWASHERS
STOVE & OVEN
MICROWAVES
REFRIGERATORS
CABINETS
CARPENTRY ROUGH
CARPENTRY FINISH
CERAMIC TILE
CLEANUP
CONCRETE FLATWORK
CONCRETE FOUNDATIONS, SLABS
DRYWALL
ELECTRICAL
FENCING
FINE GRADE & TOP SOIL
FIRE SPRINKLER SYSTEM
FIREPLACE
FLOOR COVERINGS-CARPET
FLOOR COVERINGS-CERAMICS
FORMICA COUNTER TOP
GRANITE TOPS
GARAGE DOOR
GLASS BLOCK
HANDRAILS & BANISTERS
HEATING & AIR CONDITIONING
INSULATION
LANDSCAPING
LIGHT FIXTURES
MARBLE TOPS
MASONRY
MIRRORS
PAINTING
PLUMBING
ROOFING
SECURITY SYSTEM (prewire)
SHEETMETAL
SHOWER & TUB ENCLOSURES
STAIRS
STUCCO & LATH
TERMITE
TRUSSES
TUBS & SHOWERS
UTILITY CONNECTIONS
WARDROBE DOORS
WINDOWS & SLIDING GLASS DOORS
GUEST HOUSE
DECKS
POOL/SPA
CONTINGENCY
TOTAL BUILDING COSTS

4
4
4
4
4
4
22165
22165
4
4
10000
22165
22165
22165
0
0
22165
4
2463
22165
4
4
4
0
4
4
22165
0
4
4
22165
4
22165
22165
22165
4
22165
4
4
22165
4
22165
4
4
4
22165
0
22165
0
4

$800.00
$650.00
$2,500.00
$1,200.00
$5,000.00
$35,000.00
$15.50
$4.00
$15,000
$3,500.00
$5.00
$13.50
$6.55
$6.25
$0.00
$0.00
$3.30
$5,000.00
$24.50
$11.50
$250.00
$10,000.00
$3,500.00
$0.00
$3,000.00
$13,200.00
$2.65
$0.00
$10,000.00
$5,000.00
$5.00
$1,550.00
$4.65
$6.65
$6.35
$2,500.00
$2.65
$2,550.00
$6,500.00
$7.85
$550.00
$3.75
$2,600.00
$1,850.00
$4,000.00
$7.50
$0.00
$12.50
$0.00
$5,000.00

per unit
per unit
per unit
per unit
per unit
per unit
per sf
per sf
per unit
per unit
per sf
per sf
per sf
per sf
per unit
per unit
per sf
per unit
per sq yd
per sf
per unit
per unit
per unit
per unit
per unit
per unit
per sf
per unit
per unit
per sf
per sf
per unit
per sf
per sf
per sf
per unit
per sf
per unit
per unit
per sf
per unit
per unit
per unit
per unit
per unit
per sf
per sf
per unit
per unit
per unit

$3,200
$2,600
$10,000
$4,800
$20,000
$140,000
$343,558
$88,660
$60,000
$14,000
$50,000
$299,228
$145,181
$138,531
$0
$0
$73,145
$20,000
$60,338
$254,898
$1,000
$40,000
$14,000
$0
$12,000
$52,800
$58,737
$0
$40,000
$20,000
$110,825
$6,200
$103,067
$147,397
$140,748
$10,000
$58,737
$10,200
$26,000
$173,995
$2,200
$83,119
$10,400
$7,400
$16,000
$166,238
$0
$277,063
$0
$20,000
$3,336,263

TOTAL BUILDING COST PER SQ FT

22165

$150.52

per sf

$3,336,263

LOAN

EQUITY

$3,200
$2,600
$10,000
$4,800
$20,000
$140,000
$343,558
$88,660
$60,000
$14,000
$50,000
$299,228
$145,181
$138,531
$0
$0
$73,145
$20,000
$60,338
$254,898
$1,000
$40,000
$14,000
$0
$12,000
$52,800
$58,737
$0
$40,000
$20,000
$110,825
$6,200
$103,067
$147,397
$140,748
$10,000
$58,737
$10,200
$26,000
$173,995
$2,200
$83,119
$10,400
$7,400
$16,000
$166,238
$0
$277,063
$0
$20,000
$3,336,263

AVE / Unit

% of TOTAL

$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

$3,200
$2,600
$10,000
$4,800
$20,000
$140,000
$343,558
$88,660
$60,000
$14,000
$50,000
$299,228
$145,181
$138,531
$0
$0
$73,145
$20,000
$60,338
$254,898
$1,000
$40,000
$14,000
$0
$12,000
$52,800
$58,737
$0
$40,000
$20,000
$110,825
$6,200
$103,067
$147,397
$140,748
$10,000
$58,737
$10,200
$26,000
$173,995
$2,200
$83,119
$10,400
$7,400
$16,000
$166,238
$0
$277,063
$0
$20,000
$3,336,263

0.03%
0.03%
0.11%
0.05%
0.21%
1.47%
3.61%
0.93%
0.63%
0.15%
0.53%
3.14%
1.52%
1.45%
0.00%
0.00%
0.77%
0.21%
0.63%
2.68%
0.01%
0.42%
0.15%
0.00%
0.13%
0.55%
0.62%
0.00%
0.42%
0.21%
1.16%
0.07%
1.08%
1.55%
1.48%
0.11%
0.62%
0.11%
0.27%
1.83%
0.02%
0.87%
0.11%
0.08%
0.17%
1.75%
0.00%
2.91%
0.00%
0.21%
35.04%

$0

$3,336,263

35.04%

4 of 7
For Internal Review and Discussion ONLY

1/7/20137:41 PM

Projected Cost Analysis

INDIRECT CONSTRUCTION
BLUEPRINTS
BONDS (SURETY & CASH)
BUILDERS RISK
BURDEN PAYROLL
CONSTRUCTION LABOR
CONSTRUCTION LABOR
FIELD OFFICE
PICKUP WORK
LIABILITY INSURANCE
FIELD OFFICE PERSONNEL
DRE EXPENSE
EQUIPMENT RENTAL
SANITATION
SECURITY / SAFETY
SUPERINTENDENT
CUSTOMER SERVICE REP
TEMPORARY-FENCING
TEMPORARY - POWER
TEMPORARY - TELEPHONE
TEMPORARY - WATER
TRAILER RENTAL
TRASH PICKUP
VANDALISM
BUILDER WARRANTIES
MISCELLANEOUS
TOTAL INDIRECT CONSTRUCTION

QUANTITY

UNIT COST

UNIT

1
4
0
0
0
0
12
4
$4,506,953
0
0
12
12
0
12
0
12
12
0
12
0
12
0
4
0

$5,000
$4,000.00
$0.00
$0.00
$0.00
$0.00
$150.00
$1,500.00
$0.01
$0.00
$0.00
$50.00
$250.00
$0.00
$6,000.00
$0.00
$800.00
$350.00
$0.00
$450.00
$0.00
$800.00
$0.00
$5,000.00
$0.00

per project
per unit
proj. Cost
per unit
per mo.
per unit
per unit
per unit
proj. Cost
per unit
per unit
per mo.
per mo.
per unit
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per unit
per unit
per unit

TOTAL
$5,000
$16,000
$0
$0
$0
$0
$1,800
$6,000
$45,070
$0
$0
$600
$3,000
$0
$72,000
$0
$9,600
$4,200
$0
$5,400
$0
$9,600
$0
$20,000
$0
$198,270

LOAN

EQUITY

$5,000
$16,000
$0
$0
$0
$0
$1,800
$6,000
$45,070
$0
$0
$600
$3,000
$0
$72,000
$0
$9,600
$4,200
$0
$5,400
$0
$9,600
$0
$20,000
$0
$198,270

AVE /lot
$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

% of TOTAL

$5,000
$16,000
$0
$0
$0
$0
$1,800
$6,000
$45,070
$0
$0
$600
$3,000
$0
$72,000
$0
$9,600
$4,200
$0
$5,400
$0
$9,600
$0
$20,000
$0
$198,270

5 of 7
For Internal Review and Discussion ONLY

0.05%
0.17%
0.00%
0.00%
0.00%
0.00%
0.02%
0.06%
0.47%
0.00%
0.00%
0.01%
0.03%
0.00%
0.76%
0.00%
0.10%
0.04%
0.00%
0.06%
0.00%
0.10%
0.00%
0.21%
0.00%
2.08%

1/7/20137:41 PM

Projected Cost Analysis

MODEL COMPLEX

(incl in Sales Commisions)

LANDSCAPE MAINTENANCE
MODEL COMPLEX RENTAL / CARRY
MODEL DECORATION
MODEL PARKING LOT
MODEL UPGRADES
TOTAL MODEL COSTS
SALES OFFICE

(incl in Sales Commisions)

CONSTRUCTION DEPARTMENT LABOR

MODEL LANDSCAPE MAINTENANCE
MODEL MAINTENANCE
OPPORTUNITY CENTER
SALES ASSISTANT
SALES OFFICE CONSTRUCTION
SALES OFFICE DISPLAYS/SIGNS
SALES OFFICE EXTERIOR LIGHTS
SALES OFFICE FURNISHINGS
SANITATION
SECURITY
STATIONARY
SUPPLIES
TELEPHONE
TRAILER RENTAL
UTILITIES
TOTAL SALES OFFICE EXPENSE
ADVERTISING (included in Sales Commisions)
ADVERTISING - MAGAZINES
ADVERTISING - NEWSPAPER
ADVERTISING - PRODUCTION
ADVERTISING - TV
BROCHURE DESIGN & PRODUCTION
BROCHURE PRINTING
HOSTESS
PHOTOGRAPHY
MEDIA CONSULTANTS
PUBLIC RELATIONS/EVENTS
SIGNS & FLAGS
MISCELLANEOUS
TOTAL ADVERTISING & PROMOTION

QUANTITY

UNIT COST

UNIT

0
0
0
0
0

$0.00
$0.00
$0.00
$0.00
$0.00

per mo.
per mo.
per unit
per project
per unit

QUANTITY

UNIT COST

UNIT

0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

per mo.
per mo.
per mo.
per mo.
per unit
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.
per mo.

QUANTITY

UNIT COST

UNIT

0
0
0
0
0
0
0
0
0
0
0
0

$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00
$0.00

per mo.
per mo.
per project
per mo.
per project
per project
per mo.
per project
per mo.
per mo.
per project
per mo.

TOTAL
$0
$0
$0
$0
$0
$0
TOTAL

REAL ESTATE COMMISSIONS

RENTAL COMMISSION
TOTAL SALES COMMISSIONS

QUANTITY

UNIT COST

UNIT

$12,902,219
0

5.0%
$0.0

proj. value
per unit

TOTAL SALES & MARKETING

EQUITY
$0
$0
$0
$0
$0
$0

LOAN
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

TOTAL

TOTAL MARKETING & ADVERTISING

SALES COMMISSIONS

LOAN

AVE / lot
$0
$0
$0
$0
$0
$0

EQUITY
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

LOAN

% of TOTAL
$0
$0
$0
$0
$0
$0

AVE / lot
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0

EQUITY

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
% of TOTAL

$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
$0
AVE / lot

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
% of TOTAL

$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

0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%
0.00%

$0

$0

$0

$0

0.00%

TOTAL
$645,111
$0
$645,111
$645,111

LOAN

EQUITY
$0
$0
$0

$645,111
$0
$645,111

AVE / lot

% of TOTAL

$645,111
$0
$645,111

6.64%
0.00%
6.64%

$645,111

6.64%

6 of 7
For Internal Review and Discussion ONLY

1/7/20137:41 PM

Projected Cost Analysis

FINANCE COSTS
CONST. LOAN - APPRAISAL FEES
CONST. LOAN - ESCROW CLOSING
CONST. LOAN - LOAN FEES
CONST. LOAN - INTEREST
DISBURSEMENT FEES
ESCROW CLOSING COSTS
REAL ESTATE TAXES
TOTAL FINANCE COSTS

GENERAL & ADMINISTRATION

QUANTITY

UNIT COST

UNIT

0
0
$6,678,238
$6,678,238
0
0

$0
$0
1.0%
7.0%
$0
$0

per project
per project

QUANTITY

UNIT COST

UNIT

per project
per unit

GENERAL CONTRACTOR OVERHEAD

$3,173,117

5% constr. cost

TOTAL GENERAL & ADMINISTRATIVE

$3,173,117

3%

$6,678,238

5% constr. cost

CONTINGENCY

TOTAL PROJECT

TOTAL
$0
$0
$66,782
$303,860
$0
$0
$0
$370,642

TOTAL

LOAN

EQUITY

$0
$0
$66,782
$303,860
$0
$0
$0
$370,642

LOAN

AVE / lot
$0
$0
$0
$0
$0
$0
$0
$0

EQUITY

% of TOTAL

$0
$0
$66,782
$303,860
$0
$0
$0
$370,642

AVE / lot

0.00%
0.00%
0.70%
3.19%
0.00%
0.00%
0.00%
3.89%

% of TOTAL

$158,656
$0

$158,656
$0

$0
$0

$158,656
$0

1.67%
0.00%

$95,194

$63,462

$0

$95,194

1.00%

$333,912

$333,912

$0

$333,912

3.51%

$9,521,926

$6,678,238

$2,811,956

$9,521,926

100.00%

7 of 7
For Internal Review and Discussion ONLY