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This report shows the results of a Draw Loan specified in support of the Pine Lake HomeSites 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 10.000% and interest is scheduled to be accrued, and paid as part of the payments discharging the loan.There are no loan fees projected.
The Loan Balance is discharged as sales make payments available. Available Payments are computed as 85% of Net Sales. Subject to these terms and conditions, the maximum loan amount is $1,798,796, occuring in Oct 02. This report shows that the loan is projected to be completely repaid with interest, and $152,768 of excess available payments remain.
Time |
Draw Required |
Payments Available |
Interest Accrued |
Loan Balance |
| Feb 02 | $1,153,215 | $9,610 | $1,162,825 | |
| Mar 02 | $48,215 | $10,092 | $1,221,132 | |
| Apr 02 | $101,163 | $11,019 | $1,333,314 | |
| May 02 | $151,298 | $12,372 | $1,496,984 | |
| Jun 02 | $87,696 | $13,206 | $1,597,886 | |
| Jul 02 | $107,807 | $14,214 | $1,719,907 | |
| Aug 02 | $171,474 | $281,248 | $13,418 | $1,623,551 |
| Sep 02 | $82,083 | $14,214 | $1,719,847 | |
| Oct 02 | $64,083 | $14,866 | $1,798,796 | |
| Nov 02 | $64,083 | $345,168 | $12,648 | $1,530,359 |
| Dec 02 | $64,083 | $13,287 | $1,607,729 | |
| Jan 02 | $10,083 | $13,482 | $1,631,294 | |
| Feb 03 | $4,083 | $293,233 | $11,185 | $1,353,328 |
| Mar 03 | $4,083 | $11,312 | $1,368,723 | |
| Apr 03 | $4,083 | $11,440 | $1,384,246 | |
| May 03 | $4,083 | $293,233 | $9,126 | $1,104,222 |
| Jun 03 | $4,083 | $9,236 | $1,117,541 | |
| Jul 03 | $4,083 | $9,347 | $1,130,971 | |
| Aug 03 | $4,083 | $616,828 | $4,319 | $522,544 |
| Sep 03 | $4,083 | $4,389 | $531,016 | |
| Oct 03 | $4,425 | $535,441 | ||
| Nov 03 | $324,394 | $1,759 | $212,805 | |
| Dec 03 | $1,773 | $214,579 | ||
| Jan 03 | $1,788 | $216,367 | ||
| Feb 04 | $263,670 | $0 | $0 | |
| Mar 04 | $0 | $0 | ||
| Apr 04 | $0 | $0 | ||
| May 04 | $105,468 | $0 | $0 | |
| Jun 04 | $0 | $0 | ||
| Jul 04 | $0 | $0 | ||
| Aug 04 | $0 | $0 | ||
| Sep 04 | $0 | $0 | ||
| Oct 04 | $0 | $0 | ||
| Nov 04 | $0 | $0 | ||
| Dec 04 | $0 | $0 | ||
| Jan 04 | $0 | $0 | ||
| Totals | $2,137,947 | $2,523,242 | $232,527 | $0 |
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