Summarizes the development cost of the project.
|
Cost Item |
$/SqFt |
Total % |
Total $ |
|
Hard Costs |
|
|
|
|
Land |
10.00 |
37.85% |
1,200,000 |
|
Sitework |
2.52 |
9.54% |
302,400 |
|
Foundations & Floor Slab |
2.41 |
9.12% |
289,200 |
|
Structure |
2.55 |
9.65% |
306,000 |
|
Building Skin |
2.18 |
8.25% |
261,600 |
|
Doors, Canopies, Soffits |
0.49 |
1.85% |
58,800 |
|
Storefront |
0.41 |
1.55% |
49,200 |
|
Roof Systems |
1.72 |
6.51% |
206,400 |
|
Electrical |
0.28 |
1.06% |
33,600 |
|
Exterior Contingency |
0.66 |
2.50% |
79,200 |
|
Warehouse Finish |
0.92 |
3.48% |
110,400 |
|
Standard Office Finish |
1.00 |
3.79% |
120,000 |
|
Interior Contingency |
0.10 |
0.38% |
12,000 |
|
Total Hard Costs |
$25.24 |
95.54% |
$3,028,800 |
|
|
|
|
|
|
Soft Costs |
|
|
|
|
Permits |
0.08 |
0.32% |
10,000 |
|
Legal & Title |
0.15 |
0.57% |
18,000 |
|
Architectural/Engineering |
0.42 |
1.58% |
50,000 |
|
Total Soft Costs |
$0.65 |
2.46% |
$78,000 |
|
|
|
|
|
|
Total Costs before Debt |
$25.89 |
98.00% |
$3,106,800 |
|
Less: Draw Loan Interest & Fees |
$0.53 |
2.00% |
$63,294 |
|
Total Project Cost |
$26.42 |
100.00% |
$3,170,094 |
|
|
|
|
|
|
|
|
|
Shows the bill of materials for the development.
|
Cost Item |
Quantity |
Cost/Item |
Total $ |
|
Hard Costs |
|
|
|
|
Land |
1.00 Each |
1,200,000.00 |
1,200,000.00 |
|
Sitework |
1.00 Each |
302,400.00 |
302,400.00 |
|
Foundations & Floor Slab |
1.00 Each |
289,200.00 |
289,200.00 |
|
Structure |
1.00 Each |
306,000.00 |
306,000.00 |
|
Building Skin |
1.00 Each |
261,600.00 |
261,600.00 |
|
Doors, Canopies, Soffits |
1.00 Each |
58,800.00 |
58,800.00 |
|
Storefront |
1.00 Each |
49,200.00 |
49,200.00 |
|
Roof Systems |
1.00 Each |
206,400.00 |
206,400.00 |
|
Electrical |
1.00 Each |
33,600.00 |
33,600.00 |
|
Exterior Contingency |
1.00 Each |
79,200.00 |
79,200.00 |
|
Warehouse Finish |
1.00 Each |
110,400.00 |
110,400.00 |
|
Standard Office Finish |
1.00 Each |
120,000.00 |
120,000.00 |
|
Interior Contingency |
1.00 Each |
12,000.00 |
12,000.00 |
|
Total Hard Costs |
|
|
$3,028,800.00 |
|
|
|
|
|
|
Soft Costs |
|
|
|
|
Permits |
1.00 Each |
10,000.00 |
10,000.00 |
|
Legal & Title |
1.00 Each |
18,000.00 |
18,000.00 |
|
Architectural/Engineering |
1.00 Each |
50,000.00 |
50,000.00 |
|
Total Soft Costs |
|
|
$78,000.00 |
|
|
|
|
|
|
Total Project Cost |
|
|
$3,106,800.00 |
|
|
|
|
|
|
|
|
|
Shows the project cost schedule for the development.
|
Date |
Cost Item |
Quantity |
Cost/Item |
Total $ |
|
Feb 03 |
Permits |
1.00 Each |
$10,000 |
$10,000 |
|
Feb 03 |
Legal & Title |
1.00 Each |
$18,000 |
18,000 |
|
Feb 03 |
Architectural/Engineering |
1.00 Each |
$50,000 |
50,000 |
|
|
Total |
|
|
$78,000 |
|
|
|
|
|
|
|
Mar 03 |
Land |
1.00 Each |
$1,200,000 |
$1,200,000 |
|
Mar 03 |
Sitework |
1.00 Each |
$302,400 |
302,400 |
|
Mar 03 |
Foundations & Floor Slab |
1.00 Each |
$289,200 |
289,200 |
|
|
Total |
|
|
$1,791,600 |
|
|
|
|
|
|
|
Apr 03 |
Structure |
1.00 Each |
$306,000 |
$306,000 |
|
|
Total |
|
|
$306,000 |
|
|
|
|
|
|
|
May 03 |
Building Skin |
1.00 Each |
$261,600 |
$261,600 |
|
May 03 |
Doors, Canopies, Soffits |
1.00 Each |
$58,800 |
58,800 |
|
May 03 |
Exterior Contingency |
1.00 Each |
$79,200 |
79,200 |
|
|
Total |
|
|
$399,600 |
|
|
|
|
|
|
|
Jun 03 |
Storefront |
1.00 Each |
$49,200 |
$49,200 |
|
Jun 03 |
Roof Systems |
1.00 Each |
$206,400 |
206,400 |
|
|
Total |
|
|
$255,600 |
|
|
|
|
|
|
|
Jul 03 |
Electrical |
1.00 Each |
$33,600 |
$33,600 |
|
Jul 03 |
Interior Contingency |
1.00 Each |
$12,000 |
12,000 |
|
|
Total |
|
|
$45,600 |
|
|
|
|
|
|
|
Aug 03 |
Warehouse Finish |
1.00 Each |
$110,400 |
$110,400 |
|
Aug 03 |
Standard Office Finish |
1.00 Each |
$120,000 |
120,000 |
|
|
Total |
|
|
$230,400 |
|
|
|
|
|
|
|
|
Total Unit Costs |
|
|
$3,106,800 |
|
|
|
|
|
|
|
|
|
|
This report shows the results of a Draw Loan specified in support of the Build to Suit Industrial Building development project. The results are based on drawing 100% of the eligible costs specified. Draws are scheduled to occur each month during the life of the project. The loan bears interest at 9.000% and interest is scheduled to be accrued, and paid as part of the payments discharging the loan.There are no loan fees projected.
|
|
Draw |
|
Interest |
Loan |
|
Feb 03 |
$78,000 |
$0 |
$585 |
$78,585 |
|
Mar 03 |
$591,600 |
$0 |
$5,026 |
$675,211 |
|
Apr 03 |
$306,000 |
$0 |
$7,359 |
$988,570 |
|
May 03 |
$399,600 |
$0 |
$10,411 |
$1,398,582 |
|
Jun 03 |
$255,600 |
$0 |
$12,406 |
$1,666,588 |
|
Jul 03 |
$45,600 |
$0 |
$12,841 |
$1,725,030 |
|
Aug 03 |
$230,400 |
$0 |
$14,666 |
$1,970,095 |
|
Sep 03 |
$0 |
$1,970,095 |
$0 |
$0 |
|
Totals |
$1,906,800 |
$1,970,095 |
$63,294 |
$0 |
|
|
|
|