EFTA01082296.pdf

Buyer's and Seller's Combined Closing Statement KELLERHALS FERGUSON KROBLIN PLLC NOTE: This form is furnished to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "(p.o.e.)* were paid outside the closing; they are shown here for informational purposes and are not included in the totals. NAME OF BUYER: Great Saint Jim, LLC ADDRESS OF BUYER: 9100 Port of Sale Mall Suite 15, St Thomas, VI 00802 NAME OF SELLER: ADDRESS OF SELLER: NAME OF LENDER: ADDRESS OF LENDER: PROPERTY LOCATION: , VI SETTLEMENT AGENT KELLERHALS FERGUSON KROBLIN PLLC 9100 PORT OF SALE MALL, SUITE IS, ST. THOMAS, VI 00802 PLACE OF SETTLEMENT: 9100 PORT OF SALE MALL, SUITE 15, ST. THOMAS, VI 00802 SETTLEMENT DATE. SUMMARY UP BUYER'S 1RANSAL I 6 SUMMARY UP SELLER'S 1RANSAL I ION 100. GROSS AMOUNT DUE FROM BUYER 400. GROSS AMOUNT MIL TO SELLER KII, contrast sales price 22.500 000.00 401. Contract sales price 22 500.000.00 102. Personal properly 402. Personal properly 103 Ituyer's Expenses frompg, Mine 1400 443 600.00 403. 104. 404. 105. 405. Atljusuites for Reason:thy seller in advance Adjustments for artmtaal by seller in advance 106. Curttowe Ines to 406. City/town taxes to 107 County taxes t9 407. County gas_ to J_Qt Agessmerns to 408. Assessments to 109. to 409. to .119. to 410. to III. to 411. to 112. to 412. to 120. GROSS AMOUNT DUE. FROM BUYER Do 22,943,600.00 420. GROSS AMOUNT DUE TO SELLER lito 22,500,000.00 200. AMOUNT S mu) BY OR IN BEHALF OF BUYER 500. REDUCTIONS IN AMOUNT DOE TO SELLER 201. Deposit or earnest money 2,25Q,000,00 501. Excess deposit (sec instructions) _ 1.575.000.00 2_Qtprincipal amount of new loan(s) 502. Settlementsharges to sellenline 1400) 381.250.00 203. Existing loan(s) taken subject to 503. Existing,loan(s) taken subject to 204_ 504. Payoff of first mortgage loan 205— 505. Payoff of second mortgage loan 296.Principal amount of seller financing 506. Principal amount of financing 207 _ 507 Amount_of Deposit retained by.Bmker _ _ 675.900.00 208. 508. _. 209. 509. 209a 5090 2.096 SOSO Adjustments flot ieins unpaid by seller Adjustments lor items unpaid by seller 210 City/town taxes (9 510 £ily/Sown taxes to 2!I. taxes to 511Sounty taxes to 212. Assessments to 512. ASSessments to 213. to 513. to 214. to 514. JO 215. to 515. to 216. to 516. to 217. to ill, to 218. to 518. to 219. to 519. to .220. AllAL AMOUR IS PAID an 520. IliTAL REM.I IONS IN RY OR IN BE/ IALF OF BUYER 2,250000.ou , AMOUNT DUE SELLER 2,631,250.00 300. CASH AT SETTLEMENT FROMfTO BUYER 600. CASTI AT SETTLEMINT TO/FROM SKIER 301. Gross amount due from buyer (line 120) 22,943,600.00 601. bras amount due to seller (line 420) 22500.000.00 302. Less amounts paid by/for buyer nine 220) 2,250,000.00 602. Less reductions in amount due seller (line 5201 2,631,250.00 303. CASH tol From f' To BUYER 0. 20,693,600.00 603. CASH x: To .From SELLER 10. 19,868,750.00 PAGE I 9100 PORT OF SALE MALL SUITE 15 ST. THOMAS, VI 00802 ciwi Pit, Sniton. Inc.MP 74.34S5S Lar Georreted CSJ EFTA01082296  Buyer's and Seller's Combined Closing Statement PAGE 2 _200._TOTALsA I .ESERROKI:IrS COM-basal on pnce_____22.500,000,0021 390Sta075.04/00. Division_ofeommissionane.7.00,Lasiollows• BUYER'S SELLER'S 701. 225,000.00 to FrikaA. Kellerhals _..10L 450,000.00 to_A_ pril_New_land Real Estate - EXPENSES EXPENSES .703. Commission paid at Settlement (67.5000.00_-_625.000.00-00) - 704 to . Items Payable In Connection With loan .80.1._LoariOngination Fee % to 102— Loan Discount % to 803. Appraisal Fee to 804. Credit Report __ to 805. Lender'sinspection Rt.__ to 806. Mortgage Insurance Application_Fee to 01._ 8 _ 808._ to /09. to 10. _ 1_811. to .112. to _813. to 814._ _ ___to 115 Jo 900. Items Required 6y Lender lo Be Paid In Advance 901. Interest from 1/ 3012016. to 2/1/2016 iii, May 902. _Mortgage Insurance Premium for months to 903. I lazard Insurance Premium for years to 904. _years to_ I wars to 1 1. Reserves Deposited ihith Lender 1001. Hazard insurtmcc _ monthsg.. _.__per month 1002. Mortgage insurance monthsn per month__ 1003. City_property taxes month per month 1004—County.propertytaxes___ month r, per month__ .10.05—AnauaLassessments___ .months i per month 1006.. _months per month 1007. _months per month 1008. - .Months per month_ _ .• Title Charges 1101_ Settlement or closing lee to 'P.O Co 1102-Abstract or title search to __ 1103— Title examination to_ 1104.. Title insurance binder ___to___ 1103- Document preparation _ _to__ 1106. Notary fees to__ w.o.C.* 1107. Attorney's fees to___ 'vs yc .4 _ (includes above items numbers: _1108. Title insurance AO _WosiiiiieslitleaLC 3.9 750.00 __ _ _ ___ (includes above items numbers: 1109..lAuders.Coverage: INS AMT: 1110 Ow _5_O:aerate' INS /WI: 22,500,00nno 11I0a - --- - - .1111 to _ 1112 to 120 to —— 20D. Government Recording and thinner Charges 1201-Recording Fees: Deed 522.600.00:Lao e(s • 4) • Rribtanee. 22 600 00 12.02._Cityk0ugly lax/stamps: Deed_:.L-Ato s) : &Mon u) 1203StatelaxLmamps:.DeaLS762.500 00- Le ortgpir,e0 • nrtviggs) 381.250.00 311.2.50.00 1204, — l ig. Additional settlement Charges 1301 Survey to 1102/ealospoction to 1103—Raollnsoesiton to 1304 1105 to .1106. in 1307. to —— — 13os to 1309 to 1400. Total Settlement Charges (enter on Buyer line 103, and on Seller line 502, Page I ) 443,600.00 ih 381,250.00 I have carefully reviewed this Settlement Statement and to the best gf my knem ledge and MIMI.it is a true and accurate statement of all receipts and disbursements made on my account or by me in this transaction. 1 ruttier certify that I have received a copy of this Settlement Statement. Great Saint Jim, LLC • Buyer Erika Kellerhals, Manager Seller Buyer - - — Seller DATE: 1/30/2016 GSJ EFTA01082297  BALANCE SHEET BUYER: Great Saint Jim. LLC FILE NUMBER: GSJ SELLER: SETTLEMENT DATE: 1/30/2016 PROPERTY ADDRESS: , VI SCHEDULE OF INCOMING FUNDS Due From Buyer S 20,693,600.00 TOTAL INCOMING FUNDS 20,693,600.00 SCHEDULE OF DISBURSEMENTS CK NO PAYEE DESCRIPTION AMOUNT West Indies Title LLC Title Insurance 39,750.00 Government of the Virgin Islands Record Deed 22,600.00> 785,100.00 Deed Documentary Stamps 762.500.00/ SALES PROCEEDS 19,868,750.00 TOTAL OUTGOING FUNDS 20,693,600.00 LOAN SUMMARY SELLER CLOSING STATEMENT SUMMARY LOAN AMOUNT AMT DEP BROKER RETAINED *MT DEP LEFT IN ESCROWS Leas Items Held By PLUS BAL DUE SELLER 22,500,000.00 Lender SUBTOTAL 22,500,000.00 SUBIOTAL LESS SELLER EXPENSES 2,631,250.00 Plus Deposits Paid To NET CASH TO SELLER 19,868,750.00 Lender PLUS HUD 40.1404 & 405 NET LOAN PROCEEDS TOTAL DUE TO SELLER 19,868,750.00 ITEMS IN CONNECTION WITH LOAN THAT BUYER CLOSING STATEMENT SUMMARY /CASH RECAP I.ENDER REQUIRES TO BF. DISBURSED FROM NET LOAN PROCEEDS BUYER EXPENSES 22,943,600.00 LESS BUYER CREDITS 2,250,000.00 TRANSACTION SUMMARY NET DUE FROM BUYER 20,693,600.00 LESS LOAN &/Cift CREDITS i OTAL INCOMING FUNDS 20,693,600.00 SUBTOTAL 20,693,600.00 i O IALOUTGOING FUNDS 20,693,600.00 PLUS LOAN EXPENSES TO BE PAID FROM NET PROCEEDS BALANCE IN ESCROW .00 FUNDS DUE FROM BUYER 20,693,600.00 EFTA01082298