EFTA01141191.pdf

183 Columbia Heights - Condo Sellout 1/31/14 Sellout Status Amount Floor 1 Just Released $ 2,195,000 Floor 2 In Contract 1,825,000 Floor 3 Accepted Offer 1,900,000 Floor 4 Accepted Offer 2,000,000 Floor 5 Accepted Offer 2,100,000 Floor 6 In Contract 2,425,000 Floor 7 In Contract 2,550,000 Broker Fee (4%) (599,800) Closing Costs (2%) (299,900) Net Sellout 14,095,300 Building Loan (4,620,000) Construction Loan (787,316) Remaining Hard Costs (353,877) Remaining Soft Costs (50,000) Remaining Contingency (25,000) Reimbursements (626,579) Return of Equity $ (3,529,999) Total Distributable Profit (50%) (2,051,265) FT Real Estate - Distribution Initial Contribution 500,000 Additional Contribution 88 333 Total Contribution 588,333 Projected Return of Equity $ 588,333 Projected Profit $ 341,877 Projected Total Distribution $ 930,210 EFTA01141191