EFTA00592596.pdf

Buyer's and Seller's Combined Closing Statement KELLERHALS FERGUSON KROBLIN PLLC NOTE: This form is li ed to give you a statement of actual settlement costs. Amounts paid to and by the settlement agent are shown. Items marked "( "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 15, ST. THOMAS, VI 00802 (340) 779-2564 PLACE OF SETTLEMENT 9100 PORT OF SALE MALL, SUITE 15, ST. THOMAS, VI 00802 SETTLEMENT DATE- SUMMARY OP BUYER'S I HANSA I 6 SUMMARY OF SELLER'S i RANSAL 1ION 100. GROSS AMOUNT DUE FROM BUYER 400. GROSS AMOUNT DUE TO SELLER 101,Contract sales price 22.500A00.00 401. Contract sales rice 22 500.000.00 102. Personal properly 402. 103 Buyer's Expenses fronlmit klinc 1400 443 600.00 403. _ 104. 105. 405. Adjustmensfor it s eaid_by seller in advance Adjustments for items peal by seller in advance 106. Citvitown taxes to 406. City/town taxes to 197 County taxes t0 407. County taxes 10 J08..AVISSONOIS to 14 1 As, to 109. to 409. to ..110. to 410. to 111. to 411. to 112. to 412. to 120. GROSS AMOUNT DUE FROM BUYER Do 22,943,600.00 420. GROSS AMOUNT DUE TO SELLER IP 22,500,000.00 200. AMOUNTS PAID BY OR IN BEHALF OF BUYER 500. REDUCTIONS IN AMOUNT DOE TO SELLER 201. Deposit or earnest money 2,250,000.00 50 L Excess &visit (see instructions) 1.575.000.00 2_92,9rincipal amount of new loan(s) 502. Settlementsharges to scller(line 1400) 381.250,00 203. Existing loan(s) taken subject to 503. Existingtoan(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 linancing 207 _ 507 Amount_of Deposit retaixtedbylimker _ _ _675.000.00 208. 508. __ 209. 509. 2998 5090 2996 509b AdjUMIllents M° ims unpaid by seller Adjustments lor items unpaid by seller 210 uty. taxes t9 519 citykomm taxes to /1,1_,_Cmanty taxes to 511Sounly taxes to 212. Assessments to 512. ASSessmenis to 213. to 513. to 214. to 514. 10 215. to 515. to 216. to 516. to 217. to Ms to 218. to 518. to 219. to 519. to 220. B.YIAL AMOUN IS PAID an 520. !VIAL REDI.K.i IONS IN 2,631,250.00 RY OR IN BEHALF OF BUYER 2,250,000.vir AMOUNT DUE SELLER 300. CASH AT SETTLEMENT FROMITO BUYER 600. CASII AT SETTLEMINT TO/FROM MIER 301. Gross amount due from buyer (line 120) 22,943,600.00 601. Gross amount due to seller (line 420) 22500.000.00 302. Less amounts paid by/for buyer (line 220) 2,250,000.00 602. Less reductions in amount due seller (line 5201 2.631.250.00 303. CASH tol From r ! To BUYER ilt. 20,693,600.00 603. CASH x: To . From SELLER lo. 19,868,750.00 PAGE I 9100 PORT OF SALE MALL SUITE 15 ST. THOMAS, VI 00802 S)Uten. Inc (643174.34S5S Lar Garroted CSJ EFTA00592596  Buyer's and Seller's Combined Closing Statement PAGE 2 _700—TO_TALSALES/BEDKI.IrS coM • tett on pr= 22•5103•000.00S__ Division_orCommissinafollows: BUYER'S SELLER'S 701 225.000.00 to Eri8aA. Kellerhah 702. 459,000.00 to__April_NevilandReal Estate - EXPENSE S EXPENSE S _703. _Commissionpaid at Settlement (67.5000.006.75.000.00-00) _ 704 to SOU. Items Payable In Connection With Loan 1101._Loan Origination Fee % to 102- Loan Discount % to - .803. Appraisal Fee to 804. Credit Report to 805. Lender'sInspection Fee_ to 806. Mortgage Insurance Applicakonlee to 807. to 808. in /09. ____M . .110. to .111. to .112. to 113. to 8.19. . _ __to jo . Items Required By Lender to Be Paid In Advance 901. Interest from 1/302016_ to 2/1/2016 i.rt, May 902._t for months to 903.. for years to _years to_ 5 Reserves CPO ete en er 1001. Hazard insurance monthse. _per month__ 1002. Mortgage insurance monthsrl per month 1003. City_propeny taxes month per month 1004—County.propenytaxes____ month r, —permonth_ 1005 _Annual assessments_ .months i __per.month_______ 1006.. _months __per month 1007. _months per month 1008. - .Months _per month ifthl.• Title Charles , I I01._ Settlement or closing fee to 1102-Abstract or title search to __ 1103-11tle examination to_ .1104.. Title insurance binder ___Jo___ .1105._Document preparation _ to .1101. Notary fees to • 1102. _Attorney's lees to____ • (includes above items numbers: 1108. Title insurance - _to WPM, Indies Title, I r -_ _ - 3_2,75(mto __ _ _ _ . ___ . (includes abovs:_items numbers: 1109..1Autleesemerage: INS AMT. 1110.thearfs_CoicratIP: INS AMT: 22.3bix6o0.66 _ _. II10a _W.1 to _ __ 1112 to — 113 120D. Government Recording and Transfer Chants to 1201-Recording Fees: Deed S • 6 . " • LeMottgage(s)_;S-Ntortgagc(s)-4-Rolooscs 22.600 00 tax/stamps- Ntortgage(s) 1S-Mon(1 0) 1201 Statelax! tsi tax/stamps.. 0 .- • ii •7401vu II ;Letvtongaggs, S-i 1204. 381.2.50.00 381.250.00 IN: Additional Settlement Charges J391-Survey to 1102 Pest Inspection to 1 393attxtflosporation to 1304 to 1105 to 1106. to _— 1307. In — 1308. to 1306. to 1400. Total Settlement Charges (enter on Buyer line 103, and on Seller line 502, Page I ) Illo 443,600.00 381,250.00 CPRTIPICATI(hvr I have carefully reviewed this Settlement Statement and to the best of my knowledge A 016 ana nem. it is a true and accurate statement of all disbursements made on my account or by me in this transaction. I runlier certify that I have received a copy of this Settlement Statement. receipts and Great Saint Jim, LW R Buyer Erika Kellerhals, Manager - Seller Buyer - Seller DATE: 1110)2016 GSJ EFTA00592597  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 EFTA00592598