| ( BTY )( ATY ) |
Total |
1986 |
1987 |
1988 |
1989 |
1990 |
1991 |
1992 |
1993 |
1994 |
1995 |
1996 |
1997 |
| Developer( ****)( ****) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Const.Interest ( 1 155) |
946 |
|
|
946 |
|
|
|
|
|
|
|
|
|
| Start-up Oper. Losses (exp.) ( 1 167) |
-2342 |
|
|
-217 |
-1755 |
-370 |
|
|
|
|
|
|
|
| Equity Residual ( 1 196) |
79848 |
|
|
|
|
|
|
|
|
|
|
|
79848 |
| Const.Loan ( 1 220) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investment Adj. ( 1 320) |
-16038 |
|
|
-16038 |
|
|
|
|
|
|
|
|
|
| Return of Investment ( 1 370) |
36759 |
|
|
|
|
|
|
|
|
|
|
|
36759 |
| Net Cash Flow (NCF) ( 1 699) |
40198 |
|
|
|
|
|
1001 |
2382 |
3874 |
5484 |
7224 |
9102 |
11131 |
| Taxes Pd. on Const.Int. ( 1 810) |
-473 |
|
|
-473 |
|
|
|
|
|
|
|
|
|
| Income Taxes (Annual) ( 1 850) |
23396 |
|
|
5292 |
5892 |
5176 |
4294 |
3341 |
2308 |
1191 |
-19 |
-1330 |
-2749 |
| Inc.Taxes:Equity Residual ( 1 880) |
-51861 |
|
|
|
|
|
|
|
|
|
|
|
-51861 |
| Tax Credit ( 1 890) |
319 |
|
|
319 |
|
|
|
|
|
|
|
|
|
| Subtotal: Developer( ****)( ****) |
110753 |
|
|
-10171 |
4137 |
4806 |
5296 |
5723 |
6182 |
6675 |
7204 |
7773 |
73129 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Lender ( ****)( ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Orig.Mtge(s) ( 2 240) |
-135212 |
|
|
-135212 |
|
|
|
|
|
|
|
|
|
| Mtge Interest ( 2 660) |
185133 |
|
|
5070 |
20255 |
20214 |
20165 |
20108 |
20043 |
19967 |
19879 |
19776 |
19657 |
| Mtge Amortization ( 2 670) |
4641 |
|
|
59 |
261 |
303 |
351 |
408 |
473 |
549 |
638 |
740 |
859 |
| Mtge Amortization ( 2 670) |
130571 |
|
|
|
|
|
|
|
|
|
|
|
130571 |
| Subtotal: Lender ( ****)( ) |
185133 |
|
|
-130083 |
20516 |
20516 |
20516 |
20516 |
20516 |
20516 |
20516 |
20516 |
151087 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Investor ( ****)( ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Land ( 3 132) |
-12920 |
-12920 |
|
|
|
|
|
|
|
|
|
|
|
| Land Residual ( 3 195) |
61794 |
|
|
|
|
|
|
|
|
|
|
|
61794 |
| Ground Rent ( 3 631) |
11628 |
|
|
1163 |
1163 |
1163 |
1163 |
1163 |
1163 |
1163 |
1163 |
1163 |
1163 |
| Net Cash Flow (NCF) ( 3 699) |
13399 |
|
|
|
|
|
334 |
794 |
1291 |
1828 |
2408 |
3034 |
3710 |
| Subtotal: Investor ( ****)( ) |
73902 |
-12920 |
|
1163 |
1163 |
1163 |
1497 |
1957 |
2454 |
2991 |
3571 |
4197 |
66668 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Other ( ****)( ) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Const.Interest ( 4 155) |
20426 |
368 |
8236 |
11822 |
|
|
|
|
|
|
|
|
|
| Const.Loan ( 4 220) |
|
-11604 |
-123076 |
134681 |
|
|
|
|
|
|
|
|
|
| Subtotal: Other ( ****)( ) |
20426 |
-11236 |
-114840 |
146502 |
|
|
|
|
|
|
|
|
|
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Public ( )( ****) |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Taxes Pd. on Const.Int. ( 5 810) |
473 |
|
|
473 |
|
|
|
|
|
|
|
|
|
| Income Taxes (Annual) ( 5 850) |
-23396 |
|
|
-5292 |
-5892 |
-5176 |
-4294 |
-3341 |
-2308 |
-1191 |
19 |
1330 |
2749 |
| Inc.Taxes:Equity Residual ( 5 880) |
51861 |
|
|
|
|
|
|
|
|
|
|
|
51861 |
| Tax Credit ( 5 890) |
-319 |
|
|
-319 |
|
|
|
|
|
|
|
|
|
| Subtotal: Public ( )( ****) |
28619 |
|
|
-5138 |
-5892 |
-5176 |
-4294 |
-3341 |
-2308 |
-1191 |
19 |
1330 |
54610 |
| |
|
|
|
|
|
|
|
|
|
|
|
|
|
| Total |
418833 |
-24156 |
-114840 |
2273 |
19924 |
21309 |
23014 |
24855 |
26844 |
28991 |
31310 |
33815 |
345493 |
