Financial Forecast 111609

8/14/2019 Financial Forecast 111609

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11/27/2009

Program VS Actual

Working Draft-11/12/09-for Discussion Purposes Only

This is Confidential Information and cannot be used by outside parties

Cheyenne WyomingHousing

Desired Rate/Square Foot = $2.40

No TIF Units 2.4

Unit Care Total Housing Unit Number Monthly Totals

Type Rate Rate Rate Size of Units Income Sq Ft.

One Bedroom Congregate $- $1,620 $1,620 675 5 $8,100 3,375

One Bedroom- One Bath-IL $- $1,824 $1,824 760 25 $45,600 19,000

One Bedroom Den $- $2,160 $2,160 900 12 $25,920 10,800

Two Bedroom-1 1/2 Bath $- $2,520 $2,520 1050 16 $40,320 16,800

Two Bedroom/2 Bath $- $3,000 $3,000 1250 2 $6,000 2,500

Studio-AL Units 1800 $2,880 $1,080 450 9 $9,720 4,050

One Bedroom-AL Units 2000 $3,320 $1,320 550 18 $59,760 9,900

Two Bedroom-AL Units 1700 $3,860 $2,160 900 3 $11,580 2,700

Memory Care-Studio 3800 $4,640 $840 350 18 $15,120 6,300

Memory Care-1 Bed 3800 $5,000 $1,200 500 6 $7,200 3,000

Unused $- 0 0 $- -

Unused $- 0 0 $- -

Totals/Avg 688 114 $229,320 78,425

$2,751,840 $2,751,840

Level Amount Units


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Senior Housing Partners, L.L.C. Page 2 11/27/2009

Cheyenne Wyoming

DraftFor Planning Purposes

Only


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Rev

Page 3

Revenue Projections

Cheyenne Wyoming

Unit Mix / Rental AnalysisUnit Total Care Housing Unit Number Percent Total Total

Type Rate Rate Rate Size of Units of Units Sq. Ft. Income

One Bedroom Congregate $1,620 $- $1,620 675 5 4.39% 3,375 $8,100

One Bedroom- One Bath-IL $1,824 $- $1,824 760 25 21.93% 19,000 $45,600

One Bedroom Den $2,160 $- $2,160 900 12 10.53% 10,800 $25,920

Two Bedroom-1 1/2 Bath $2,520 $- $2,520 1050 16 14.04% 16,800 $40,320

Two Bedroom/2 Bath $3,000 $- $3,000 1250 2 1.75% 2,500 $6,000

Studio-AL Units $2,880 $1,800 $1,080 450 9 7.89% 4,050 $25,920

One Bedroom-AL Units $3,320 $2,000 $1,320 550 18 15.79% 9,900 $59,760

Two Bedroom-AL Units $3,860 $1,700 $2,160 900 3 2.63% 2,700 $11,580

Memory Care-Studio $4,640 $3,800 $840 350 18 15.79% 6,300 $83,520

Memory Care-1 Bed $5,000 $3,800 $1,200 500 6 5.26% 3,000 $30,000

Unused $- $- $- 0 0 - $-

Unused $- $- $- 0 0 0.00% - $-

Total units $2,954 0 0 688 114 100.00% 78,425 $336,720

Level Amount Units 0 0

$- $- Included 0 0 $-

$- F Included 0 0 $-

Average/Totals 0

Meal Income/ExpenseMeals Included per month per unit -

Meals Included Annually -

Optional Meal Cost/Meal $-

Expected % Meal utilization 100%Optional Meals/Monthly 5,985

Optional Meals Annually 71,820

Total Meals 71,820

Optional Meal Revenues $-

Raw Food Cost/meal $3.25

Raw Food Cost/ Occupied Unit/Mo ### $170.63

$5,700

Double Occupancy

% of Double occ. units 10%

2nd Occupant rate 500

2nd Occupant income $5,700

Meal income $-

Garage Income $675.00

Telephone $- $-

Sub-Total $5,700

Debt Service Reserve Incom $3,770

#REF!


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Rev

Page 4


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Dev Assump

Page 5

Project Overview

Cheyenne Wyoming

Marketing Assumptions Development Assumptions

% Stabilized Occupancy 93% Land cost $950,000

Garage utilization 30% City Fees 0.00% $169,500Monthly Fill-up Rate 3 Architect Fees $0 $574,009

Preleased units 20 VSSA Site Costs

% Preleased 17.54% Development Fees 0.00% $380,422

Marketing Cost/ unit $3,500 Total Dev. Cost/Unit $-

Trending Building Assumptions

Expense Trend Rate 3.00% Unit Sq. Footage 78,425

Revenue Trend 2nd Year 3.00% Commons/Circulation Sq. Ft. 40,500

Revenue Trend Yr 3+ 3.00% Total Residential 118,925

Operational Assumptions Garages 28,600

Management Fee 4.0% Unused

Operational Reserves / Unit 15000 Total Building (all in) 147,525

Replacement Reserves 3% Building Efficiency Quotient 65.94%

Utilities per Sq. Ft. Construction Assumptions

Gas/Heat $0.45 Const Months 12

Electric $0.40 Construction Interest 0.00% 763,000

Water/Sewer $0.30 Const cost/ft $90.00

Taxes & TIF Total Const. Cost $13,277,250

1st Year Taxes $45,000 Const contingency 3% $398,318

Estimated Taxes per unit $1,500 Other Capital Assumptions

Projected Taxes $171,000 Engineering & Survey $35,000

Percent 0% FF & E $508,500

Tax After TIF $171,000 Kitchen $200,000

F Rebate $- Underwriter $-

Financing Assumptions Other Cost of Issuance $750,000

Interest Rate 6.00% Builders Risk/Interupt $35,000

rm in Years 40 Preopening Salaries $50,000

Equity $5,000,000 Special Assessment $-

Resident Deposit Equity $- Site Costs $75,000

Months of Interest Only $14 Legal & Organization $75,000

Loan Proceeds $16,480,985

Other Debt 0

Debt Service Reserve $1,131,000

Annual Principal $1,088,167

Monthly Principal $90,681

Debt Service Coverage #REF!


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Capital

Page 6

PROJECTED SCHEDULE OF CAPITAL INVESTMENT

Cheyenne Wyoming

Uses Cost % of Total Cost/Unit Cost/Sq Ft (all i

Land $950,000 4.42% $8,333 $6.44

Architect Fees $574,009 2.67% $5,035 $3.89

Building Construction $13,277,250 61.81% $116,467 $90.00

Development Contingency $398,318 1.85% $3,494 $2.70

City Fees $169,500 0.79% $1,487 $1.15

Marketing Cost $399,000 1.86% $3,500 $2.70

Engineering & Survey $35,000 0.16% $307 $0.24

FF & E $508,500 2.37% $4,461 $3.45

Kitchen $200,000 0.93% $1,754 $1.36

Underwriter $- 0.00% $- $-

Other Cost of Issuance $750,000 3.49% $6,579 $5.08

Builders Risk/Interupt $35,000 0.16% $307 $0.24Preopening Salaries $50,000 0.23% $439 $0.34

Special Assessment $- 0.00% $- $-

Site Costs $75,000 0.35% $658 $0.51

Legal & Organization $75,000 0.35% $658 $0.51

Subtotal $17,496,577 81.45% $153,479 $118.60

Development Costs $380,422 1.77% $3,337 $2.58

Construction Interest $763,000 3.55% $6,693 $5.17

Operating Reserve $1,710,000 7.96% $15,000 $11.59

Debt Service Reserve Fund $1,131,000 5.27% $9,921 $7.67

Subtotal $3,984,422 18.55% $34,951 $27.01

Total Uses $21,480,999 $188,430 $145.61

Sources

Loan Proceeds $16,480,985 76.72%

Equity $5,000,000 23.28%

Resident Deposit Equity $- 0.00%

Months of Interest Only $14 0.00%

Total Sources $21,480,999 100%


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Staff

Page 7

Staffing Budgets

Cheyenne Wyoming

* Full Occupancy *****

Hour Annual Monthly Total

Department Position Rate Rate Cost Sun Mon Tue Wed Thu Fri Sat Hours

Administration Director $28.00 ### $4,853 - 8 8 8 8 8 - 40

Receptionist $12.50 ### $3,792 10 10 10 10 10 10 10 70

Bookkeeper $10.00 ### $867 - 4 4 4 4 4 - 20

Dept Total ### $9,512 10 22 22 22 22 22 10 130

Social/Act Marketing $23.00 ### $3,987 - 8 8 8 8 8 - 40

Activity Directo $18.00 ### $3,120 - 8 8 8 8 8 - 40

Dietician $30.00 $3,120 $260 - 2 - - - - - 2

Dept Total ### $7,367 - 18 16 16 16 16 - 82

Plant Operations Engineer $20.00 ### $3,467 - 8 8 8 8 8 - 40

Maintenance $12.00 $9,984 $832 8 - - - - - 8 16

Unused $- $0 $0 - - - - - - - -

Unused $- $0 $0 - - - - - - - -

Unused $- $0 $0 - - - - - - - -

Unused $- $0 $0 - - - - - - - -

Dept Total ### $4,299 8 8 8 8 8 8 8 56

Housekeeping Housekeeper $14.00 ### $2,184 8 4 4 4 4 4 8 36

Housekeeper $12.00 ### $2,912 8 8 8 8 8 8 8 56

Housekeeper $12.00 ### $2,912 8 8 8 8 8 8 8 56

Dept Total ### $8,008 24 20 20 20 20 20 24 148

Dietary FS Manager $23.00 ### $5,581 8 8 8 8 8 8 8 56

Cook $14.00 ### $6,795 16 16 16 16 16 16 16 112

Kitchen Aide $11.50 ### $5,581 16 16 16 16 16 16 16 112

Wait Staff $10.00 ### $9,100 30 30 30 30 30 30 30 210

Dept Total ### $27,057 70 70 70 70 70 70 70 490

Home Care RN $32 ### $1,109 4 0 0 0 0 0 4 8

Al Day $13 ### $12,619 32 32 32 32 32 32 32 224

Al Night $13 ### $12,619 32 32 32 32 32 32 32 224

Al PM $13 ### $9,464 24 24 24 24 24 24 24 168

LPN $22 ### $16,016 24 24 24 24 24 24 24 168

Nurse Mgr $36 ### $6,240 0 8 8 8 8 8 0 40

Dept Total ### $58,067 ##################### 832

Total Salaries ### $753,042

Benefits 21.00% $158,139


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Oper Assump

EXPENSE OPERATING ASSUMPTIONS

Account Annual Per Unit * Monthly Per Unit * Comments

Social Services

Activity Supplies $2,500 $22 $208 $1.83

Activity Programs $2,500 $22 $208 $1.83

Unused $0 $0 $0 $0.00

Unused $0 $0 $0 $0.00

Dietary

Dietary Supplies & Miscellaneous $3,500 $31 $292 $2.56

Dietary Consult $0 $0 $0 $0.00

Food $233,415 $2,048 $19,451 $170.63

Minor Equipment $1,500 $13 $125 $1.10

Chemicals $3,500 $31 $292 $2.56

Linen, & Uniforms $3,500 $31 $292 $2.56

Housekeeping

Hskg Supplies $4,500 $39 $375 $3.29

Laundry $1,000 $9 $83 $0.73

Linen $0 $0 $0 $0.00

Floor Care $1,500 $13 $125 $1.10

Unused $0 $0 $0 $0.00

Unused $0 $0 $0 $0.00

Maintenance/Engineering

Maintenance Sup. $10,000 $88 $833 $7.31

Trash $4,500 $39 $375 $3.29

Purchased Services $15,500 $136 $1,292 $11.33

Building Repair $5,000 $44 $417 $3.65

Snow Removal $2,500 $22 $208 $1.83

Pest Control $1,200 $11 $100 $0.88

Elevator $5,400 $47 $450 $3.95

Utilities

Gas/Heat $66,386 $582 $5,532 $48.53

Electric $59,010 $518 $4,918 $43.14Water/Sewer $44,258 $388 $3,688 $32.35

Home Care

Home Care Staff $696,800 $6,112 $58,067 $509.36

CBRF Training $0 $0 $0 $0.00

Medical Supplies $3,000 $26 $250 $2.19

On Call $15,000 $132 $1,250 $10.96

Administration

License & Fees $1,500 $13 $125 $1.10

Legal & Trustee $1,500 $13 $125 $1.10

Dues & Fees $1,000 $9 $83 $0.73

Audit & Accounting $5,600 $49 $467 $4.09

Management Fees $0 $0 $0 $0.00

Telephone Monthly Service $12,500 $110 $1,042 $9.14

Long Distance $1,000 $9 $83 $0.73

Mileage $550 $5 $46 $0.40

Van Service $15,000 $132 $1,250 $10.96

Office Supplies $5,500 $48 $458 $4.02

Seminars $1,200 $11 $100 $0.88

Insurance $48,000 $421 $4,000 $35.09

Marketing $45,000 $395 $3,750 $32.89

Postage $2,500 $22 $208 $1.83

Employee Health $0 $0 $0 $0.00

Transportation $0 $0 $0 $0.00

Taxes & Related

misc. allocation for Main Street $0 $0 $0 $0.00Real EstateTaxes $171,000 $1,500 $14,250 $125.00

TIF Rebate $0 $0 $0 $0.00


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ProformaAnnual Operating Proforma

Cheyenne Wyoming

Seven Year Proforma

Year Year Year Year Year Year Year

1 2 3 4 5 6 7

Units Rented 37 73 103 106 106 106 106

Percent Occupancy 32% 64% 90% 93% 93% 93% 93%

**Revenues**

One Bedroom Congregate 31,121 63,670 90,173 92,878 95,665 98,535 101,491

One Bedroom- One Bath-IL 175,200 358,440 507,642 522,871 538,557 554,714 571,355

One Bedroom Den 99,587 203,745 288,554 297,211 306,127 315,311 324,770

Two Bedroom-1 1/2 Bath 154,914 316,936 448,862 462,328 476,198 490,484 505,1

Two Bedroom/2 Bath 23,053 47,163 66,795 68,799 70,863 72,989 75

Studio-AL Units 99,587 203,745 288,554 297,211 306,127 315,311 324,770

One Bedroom-AL Units 212,829 469,745 665,278 685,236 705,793 726,967 748,776

Two Bedroom-AL Units 44,492 91,025 128,914 132,782 136,765 140,868 145,

Memory Care-Studio 320,893 656,511 929,786 957,679 986,410 1,016,002 1,046,482

Memory Care-1 Bed 115,263 235,816 333,975 343,994 354,314 364,943 375,892

Unused - - - - - - -

Unused - - - - - - -

Unused - - - - - - -

Unused - - - - - - -

Optional Meal Revenues - - - - - - -

2nd Occupant income 21,900 43,500 61,607 63,455 65,359 67,320 69,339

Meal income - - - - - - -

Debt Service Reserve Income 45,240 45,240 45,240 45,240 45,240 45,240 45,240

Garage Income 8,100 8,343 8,593 8,851 9,117 9,390 9,672

Telephone - - - - - -

Total Revenue 1,352,179 2,743,879 3,863,973 3,978,535 4,096,534 4,218,073 4,343,258

**Expenses**

Social Services

Marketing 47,840 49,275 50,753 52,276 53,844 55,460 57,123

Activity Director 37,440 38,563 39,720 40,912 42,139 43,403 44,705

Dietician 3,120 3,214 3,310 3,409 3,512 3,617 3,725

Activity Supplies 2,500 2,575 2,652 2,732 2,814 2,898 2,985

Activity Programs 2,500 2,575 2,652 2,732 2,814 2,898 2,985

Unused - - - - - - -

Unused - - - - - - -

Total Social Services 93,400 96,202 99,088 102,061 105,123 108,276 111,524

Dietary

FS Manager 66,976 68,985 71,055 73,186 75,382 77,644 79,973

Cook 81,536 83,982 86,502 89,097 91,769 94,523 97,358

Kitchen Aide 66,976 68,985 71,055 73,186 75,382 77,644 79,973Wait Staff 109,200 112,476 115,850 119,326 122,906 126,593 130,391

Dietary Supplies & Miscellaneou 3,500 3,605 3,713 3,825 3,939 4,057 4,179

Dietary Consult - - - - - - -

Food 74,734 152,897 216,541 223,037 229,728 236,620 243,719

Minor Equipment 1,500 1,545 1,591 1,639 1,688 1,739 1,791

Chemicals 3,500 3,605 3,713 3,825 3,939 4,057 4,179

Linen, & Uniforms 3,500 3,605 3,713 3,825 3,939 4,057 4,179

Total Dietary 411,422 499,686 573,733 590,945 608,674 626,934 645,742

Housekeeping

Housekeeper 26,208 26,994 27,804 28,638 29,497 30,382 31,294

Housekeeper 34,944 35,992 37,072 38,184 39,330 40,510 41,725

Housekeeper 34,944 35,992 37,072 38,184 39,330 40,510 41,725

Hskg Supplies 4,500 4,635 4,774 4,917 5,065 5,217 5,373

Laundry 1,000 1,030 1,061 1,093 1,126 1,159 1,194

Linen - - - - - - -


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ProformaEngineer 41,600 42,848 44,133 45,457 46,821 48,226 49,673Maintenance 9,984 10,284 10,592 10,910 11,237 11,574 11,921

Unused - - - - - - -

Unused - - - - - - -

Unused - - - - - - -

Unused - - - - - - -

Maintenance Sup. 10,000 10,300 10,609 10,927 11,255 11,593 11,941

Trash 4,500 4,635 4,774 4,917 5,065 5,217

Purchased Services 15,500 15,965 16,444 16,937 17,445 17,969 18,508

Building Repair 5,000 5,150 5,305 5,464 5,628 5,796 5,970

Snow Removal 2,500 2,575 2,652 2,732 2,814 2,898 2,985

Pest Control 1,200 1,236 1,273 1,311 1,351 1,391 1,433

Elevator 5,400 5,562 5,729 5,901 6,078 6,260 6,448

Total Maintenance/Engineer 95,684 98,555 101,511 104,556 107,693 110,924 114,252

Utilities

Gas/Heat 66,386 68,378 70,429 72,542 74,718 76,960 79,269

Electric 59,010 60,780 62,604 64,482 66,416 68,409 70,461

Water/Sewer 44,258 45,585 46,953 48,361 49,812 51,307 52,846

Total Utilities 169,654 174,743 179,986 185,385 190,947 196,675 202,575

Home Care

Home Care Staff 223,098 456,435 646,427 665,820 685,794 706,368 727,559

CBRF Training - - - - - - -Medical Supplies 3,000 3,090 3,183 3,278 3,377 3,478 3,582

On Call 15,000 15,450 15,914 16,391 16,883 17,389 17,911

Total Home Care 241,098 474,975 665,523 685,489 706,053 727,235 749,052

Administration

Director 58,240 59,987 61,787 63,640 65,550 67,516 69,542

Receptionist 45,500 46,865 48,271 49,719 51,211 52,747 54,329

Bookkeeper 10,400 10,712 11,033 11,364 11,705 12,056 12,418

Employee Benefits 168,727 173,789 179,002 184,373 189,904 195,601 201,469

License & Fees 1,500 1,545 1,591 1,639 1,688 1,739 1,791

Legal & Trustee 1,500 1,545 1,591 1,639 1,688 1,739 1,791

Dues & Fees 1,000 1,030 1,061 1,093 1,126 1,159 1,194

Audit & Accounting 5,600 5,768 5,941 6,119 6,303 6,492 6,687

Management Fees 54,087 109,755 154,559 159,141 163,861 168,723 173,730

Telephone Monthly Service 12,500 12,875 13,261 13,659 14,069 14,491 14

Long Distance 1,000 1,030 1,061 1,093 1,126 1,159 1,194

Mileage 550 567 583 601 619 638 657

Van Service 15,000 15,450 15,914 16,391 16,883 17,389 17,911

Office Supplies 5,500 5,665 5,835 6,010 6,190 6,376 6,567

Seminars 1,200 1,236 1,273 1,311 1,351 1,391 1,433

Insurance 48,000 49,440 50,923 52,451 54,024 55,645 57,315

Marketing 45,000 46,350 47,741 49,173 50,648 52,167 53,732

Postage 2,500 2,575 2,652 2,732 2,814 2,898 2,985

Employee Health - - - - - - -

Transportation - - - - - -

Total Administration 477,804 546,184 604,080 622,148 640,759 659,927 679,671

Taxes & Related

misc. allocation for Main Street - - - - - - -

Real EstateTaxes 171,000 176,130 181,414 186,856 192,462 198,236 204,183

TIF Rebate - - - - - -

Unused - - - - - - -

Total Tax & Related 171,000 176,130 181,414 186,856 192,462 198,236 204

Total Operating Expense 1,763,158 2,172,663 2,514,710 2,590,097 2,667,745 2,747,723 2,830,101

NOI (410,979) 571,217 1,349,264 1,388,439 1,428,789 1,470,350 1,513,157

Replacement Reserves 40,565 82,316 115,919 119,356 122,896 126,542 130,298

Cash Flow b4 Debt (451,544) 488,900 1,233,344 1,269,082 1,305,893 1,343,807 1,382,859

Loan Interest 986,082 979,786 973,101 966,004 958,469 950,470 941,977

Loan Principal 102,085 108,382 115,067 122,164 129,698 137,698 146,191Cash Flow (1,499,146) (599,267) 145,177 180,915 217,725 255,640 294,692

Debt Coverage Ratio 0 52 1 24 1 28 1 31 1 35 1 39


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Loan Amort

Page 11

Loan Amortization Schedule

Loan Amount $16,480,985

Interest Rate (annual) 6.00%

Interest Rate (monthly) 0.500%

Term in Years 40

Term in Months 480Annual PI $1,088,167

Monthly PI $90,680.62

Total

Payment Number Interest Principal Payment Balance

1 $82,405 $8,276 $90,681 $16,472,709

2 $82,364 $8,317 $90,681 $16,464,392

3 $82,322 $8,359 $90,681 $16,456,033

4 $82,280 $8,400 $90,681 $16,447,633

5 $82,238 $8,442 $90,681 $16,439,190

6 $82,196 $8,485 $90,681 $16,430,705

7 $82,154 $8,527 $90,681 $16,422,178

8 $82,111 $8,570 $90,681 $16,413,6099 $82,068 $8,613 $90,681 $16,404,996

10 $82,025 $8,656 $90,681 $16,396,340

11 $81,982 $8,699 $90,681 $16,387,641

12 $81,938 $8,742 $90,681 $16,378,899

Year 1 total $986,082 $102,085 $1,088,167

13 $81,894 $8,786 $90,681 $16,370,113

14 $81,851 $8,830 $90,681 $16,361,283

15 $81,806 $8,874 $90,681 $16,352,409

16 $81,762 $8,919 $90,681 $16,343,490

17 $81,717 $8,963 $90,681 $16,334,527

18 $81,673 $9,008 $90,681 $16,325,51919 $81,628 $9,053 $90,681 $16,316,466

20 $81,582 $9,098 $90,681 $16,307,368

21 $81,537 $9,144 $90,681 $16,298,224

22 $81,491 $9,190 $90,681 $16,289,034

23 $81,445 $9,235 $90,681 $16,279,799

24 $81,399 $9,282 $90,681 $16,270,517

Year 2 total $979,786 $108,382 $1,088,167

25 $81,353 $9,328 $90,681 $16,261,189

26 $81,306 $9,375 $90,681 $16,251,814

27 $81,259 $9,422 $90,681 $16,242,393

28 $81,212 $9,469 $90,681 $16,232,92429 $81,165 $9,516 $90,681 $16,223,408

30 $81,117 $9,564 $90,681 $16,213,845

31 $81,069 $9,611 $90,681 $16,204,233

32 $81,021 $9,659 $90,681 $16,194,574

33 $80,973 $9,708 $90,681 $16,184,866

34 $80,924 $9,756 $90,681 $16,175,110

35 $80,876 $9,805 $90,681 $16,165,305


12/40

Loan Amort

Page 12

36 $80,827 $9,854 $90,681 $16,155,451

Year 3 total $973,101 $115,067 $1,088,167

37 $80,777 $9,903 $90,681 $16,145,547

38 $80,728 $9,953 $90,681 $16,135,594

39 $80,678 $10,003 $90,681 $16,125,592

40 $80,628 $10,053 $90,681 $16,115,53941 $80,578 $10,103 $90,681 $16,105,436

42 $80,527 $10,153 $90,681 $16,095,283

43 $80,476 $10,204 $90,681 $16,085,078

44 $80,425 $10,255 $90,681 $16,074,823

45 $80,374 $10,307 $90,681 $16,064,517

46 $80,323 $10,358 $90,681 $16,054,159

47 $80,271 $10,410 $90,681 $16,043,749

48 $80,219 $10,462 $90,681 $16,033,287

Year 4 total $966,004 $122,164 $1,088,167

49 $80,166 $10,514 $90,681 $16,022,773

50 $80,114 $10,567 $90,681 $16,012,20651 $80,061 $10,620 $90,681 $16,001,586

52 $80,008 $10,673 $90,681 $15,990,914

53 $79,955 $10,726 $90,681 $15,980,188

54 $79,901 $10,780 $90,681 $15,969,408

55 $79,847 $10,834 $90,681 $15,958,574

56 $79,793 $10,888 $90,681 $15,947,687

57 $79,738 $10,942 $90,681 $15,936,744

58 $79,684 $10,997 $90,681 $15,925,748

59 $79,629 $11,052 $90,681 $15,914,696

60 $79,573 $11,107 $90,681 $15,903,588

Year 5 total $958,469 $129,698 $1,088,167

61 $79,518 $11,163 $90,681 $15,892,426

62 $79,462 $11,218 $90,681 $15,881,207

63 $79,406 $11,275 $90,681 $15,869,933

64 $79,350 $11,331 $90,681 $15,858,602

65 $79,293 $11,388 $90,681 $15,847,214

66 $79,236 $11,445 $90,681 $15,835,770

67 $79,179 $11,502 $90,681 $15,824,268

68 $79,121 $11,559 $90,681 $15,812,709

69 $79,064 $11,617 $90,681 $15,801,091

70 $79,005 $11,675 $90,681 $15,789,416

71 $78,947 $11,734 $90,681 $15,777,683

72 $78,888 $11,792 $90,681 $15,765,891Year 6 total $950,470 $137,698 $1,088,167

73 $78,829 $11,851 $90,681 $15,754,039

74 $78,770 $11,910 $90,681 $15,742,129

75 $78,711 $11,970 $90,681 $15,730,159

76 $78,651 $12,030 $90,681 $15,718,129

77 $78,591 $12,090 $90,681 $15,706,039


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78 $78,530 $12,150 $90,681 $15,693,889

79 $78,469 $12,211 $90,681 $15,681,678

80 $78,408 $12,272 $90,681 $15,669,405

81 $78,347 $12,334 $90,681 $15,657,072

82 $78,285 $12,395 $90,681 $15,644,676

83 $78,223 $12,457 $90,681 $15,632,219

84 $78,161 $12,520 $90,681 $15,619,700Year 7 total $941,977 $146,191 $1,088,167


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Payment Number 1 2 3 4 5 6

Interest $82,405 $82,364 $82,322 $82,280 $82,238 $82,196

Principal $8,276 $8,317 $8,359 $8,400 $8,442 $8,485

Total Payment $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 Balance $16,472,709 $16,464,392 $16,456,033 $16,447,633 $16,439,190 $16,430,705


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8 9 10 11 12 13 14 1

$82,111 $82,068 $82,025 $81,982 $81,938 $81,894 $81,851 $81,80

$8,570 $8,613 $8,656 $8,699 $8,742 $8,786 $8,830 $8,87

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$16,413,609 $16,404,996 $16,396,340 $16,387,641 $16,378,899 $16,370,113 $16,361,283 $16,352,40


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18 19 20 21 22 23 24 2

$81,673 $81,628 $81,582 $81,537 $81,491 $81,445 $81,399 $81,35

$9,008 $9,053 $9,098 $9,144 $9,190 $9,235 $9,282 $9,32

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$16,325,519 $16,316,466 $16,307,368 $16,298,224 $16,289,034 $16,279,799 $16,270,517 $16,261,18


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28 29 30 31 32 33 34 3

$81,212 $81,165 $81,117 $81,069 $81,021 $80,973 $80,924 $80,87

$9,469 $9,516 $9,564 $9,611 $9,659 $9,708 $9,756 $9,80

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$16,232,924 $16,223,408 $16,213,845 $16,204,233 $16,194,574 $16,184,866 $16,175,110 $16,165,30


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38 39 40 41 42 43 44 4

$80,728 $80,678 $80,628 $80,578 $80,527 $80,476 $80,425 $80,37

$9,953 $10,003 $10,053 $10,103 $10,153 $10,204 $10,255 $10,30

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$16,135,594 $16,125,592 $16,115,539 $16,105,436 $16,095,283 $16,085,078 $16,074,823 $16,064,51


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48 49 50 51 52 53 54 5

$80,219 $80,166 $80,114 $80,061 $80,008 $79,955 $79,901 $79,84

$10,462 $10,514 $10,567 $10,620 $10,673 $10,726 $10,780 $10,83

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$16,033,287 $16,022,773 $16,012,206 $16,001,586 $15,990,914 $15,980,188 $15,969,408 $15,958,57


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58 59 60 61 62 63 64 6

$79,684 $79,629 $79,573 $79,518 $79,462 $79,406 $79,350 $79,29

$10,997 $11,052 $11,107 $11,163 $11,218 $11,275 $11,331 $11,38

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$15,925,748 $15,914,696 $15,903,588 $15,892,426 $15,881,207 $15,869,933 $15,858,602 $15,847,21


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68 69 70 71 72 73 74 7

$79,121 $79,064 $79,005 $78,947 $78,888 $78,829 $78,770 $78,71

$11,559 $11,617 $11,675 $11,734 $11,792 $11,851 $11,910 $11,97

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,68

$15,812,709 $15,801,091 $15,789,416 $15,777,683 $15,765,891 $15,754,039 $15,742,129 $15,730,15


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78 79 80 81 82 83 84

$78,530 $78,469 $78,408 $78,347 $78,285 $78,223 $78,161

$12,150 $12,211 $12,272 $12,334 $12,395 $12,457 $12,520

$90,681 $90,681 $90,681 $90,681 $90,681 $90,681 $90,681

$15,693,889 $15,681,678 $15,669,405 $15,657,072 $15,644,676 $15,632,219 $15,619,700


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Financial Forecast 111609

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Transcript of Financial Forecast 111609