EFTA00611746.pdf

Projected Returns - 2/6/f4 21 East 26th St. New York. NY Gross SF 35,280 Sellable Sr 28,124 Cost of Real Estate S 13250.000 2111/111 Initial Equay S 7.000.000 2/11/11 Cost of Project Hard. Soft. Financing & Interest Costs S 24.083.491 Net Sale of Retail Units S 6.980.432 10/29/13 Initial Return of Equity to Investors (A & B) $ 2260O)0 11/1/131 Net Sale of Unit 42 S 9,120,735 8/5/13 Current Payables 404.943 Net Sale of Unit 43 S 8.849.964 7/29/13 Future Costs 8 Contingency 463.094 'Net Sale of Unit 44 S 8.037.303 7/30/13 Rem Ty Distributions 1.539.9% Proceeds of Penthouse zz JOU 3/31/14 Projected Condo Sellout FT Real Estate - Propected D stnbut n Seac S:atus ri Relay Units SOO 6.980.432 7.500.000 10/29/13 Contribution: Equity A $ 220.500 1 11 Unit #2 Sad $ 9.120.735 S 10.000.000 8/5/13 Contribution: Advance Star 700.000 8/19111 Unit 43 Sold 5 8.849.964 S 10.000.000 7/20(13 Total Contribution 920.600 'Unit 44 Sold 8.037.303 9.250.000 7/30/13 Penthouse (Propeaed) $ 22.000.000 22.000.000 3/31/14 Initial Robin of Ecraty A $ 63.606 V Return of Equity A 156.894 Current Payables (404.943) 2.6/14 Distributable to EquityA 220.600 Future Costs 8 Contingency (460.094) Additional Distribution to Equity A ($1.4MM) 44.100 Loan: Cost of Real Estate $ (8250,000) 2/11/111 Distributable to Advance Star S 2 089 472 Hard. Soft. Financing & Interest Costs S (24,083,491) Total Distribution S 2.574.572 Initial Return of Equity to Investors (A & B) S (2,250,000) 11/1/131 Return of Equity (A& B) S (5.550,000) Developer's Fee (225.003) Distributable to Investors (A 8 B) (75%) S (7.400.000) Distributable to Advance Star (25%) 5 (2.466.667) Additional to Investors (A) S (i.400.000) Subtota 01.c.eibu:a bk. Cash 4 498 240 Distributable to Advance tar (4.498.240) ootnotos: Unl N4 SCOnge 'we remanng otigabon to Pay 'ea, estate Wee kw 58 Menen.vibith owill be Sid d (1 is ixduded in Future Costs 8 ConlinualeY) Ecitary B eizetuten is 5900.003 cnrcbsn cl cap al up to S.t00.000 cfseccodalseibuban EFTA00611746