EFTA01093223.pdf

Landmark Land Company Gall, Flow >eh Flow from Ooeislone 2011-2024 2035 2605 2007 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024 Total Cash from P,opcls SOO, Pete (1) 4.309.000 52299:0 1.426800 (2.077.1901 (914.126) 0.400~ 0358.9601 187.700 692060 569,100 934.400 711.400 1247200 1.613.000 1.732.600 1.857.200 1912916 1.970203 2.029.413 2860296 163%9.727 Apes1.111Gbb .14POS till Phase II Orly) (4.0:00M 1803060 2.125.000 3.467.000 4.356.000 6.7289:0 5.570.000 7.110.000 7.639.000 32169:0 412788(0 ~a. Hawaii 1.620.000 1.620.000 1.620.000 1220800 1.000.000 7580800 Caneilluebt0 V41117(2) Told Pitied Cash Flow ( . ) (94 . ) 0.100900) 0.156900) Fee Warne SOulh Pete 997.332 1.422.335 1.085224 546.721 307.469 270.000 311.000 518.000 530.000 618.000 664.000 711000 710.000 712.000 730.000 741000 770.440 793.553 817.360 841.881 9.552234 Attes MIebb -14POS till Phase II Orly) 1991221 1.319225 2.478.693 536,661 543800 1.321.000 1.601.000 1.623.000 15400:0 1.361.000 1231.000 1.289.000 10.6899:0 bet, HI1Reeeivgle (288.0001 1,019.000 48100 1.5C00:0 CenettlbeeOn V4047 420803 280800 75.000 849~ 1.859.000 1.396.000 1277.000 1.649.000 98900 1243.000 1.090.000 1860803 11.5179:0 OP- 1,692,557 1224,065 2.702.528 773,162 681,142 160,000 96.000 96.880 101246 101,902 100.049 111,290 114,829 111).080 121.610 125,258 129,016 132.006 132873 140.979 1,640,287 Total Foe Income 3,109.889 5.077.611 5.087.975 3.798.576 1.525,472 142,000 407.000 1,635,880 1,720145 2,043,902 2,473,049 3,301.290 4=629 3.607.068 3.359.610 3.791.258 1.8814456 2.169.440 2.044.233 2072150 26.723.532 Total Sources ol Cash 7.418.889 6264,611 6313.975 1.721.386 581.346 (1258.0:0) (751.9031 1.823.580 3.472246 6,358.002 8.494.449 9,967.690 13.978.929 11.878,068 12.202210 13,287.458 7.017372 4.139.743 4.073.645 4.163.155 140.1252a Caporal* Loyal Expenoas Corparato Patrol 2,933,801 3252.703 3.963.672 4.161.169 2.736.648 1.863600 1255.060 1.255.000 2060~ 2060000 2,121,800 2.185154 2251.018 2,318,548 2202.621 2.092.490 1.987265 1.493.999 745.449 709.177 24.674221 Cijhor E*Pordo, 712,89) 1,012260 2157401 2,049,207 839 314 450,030 270,000 278.100 286123 295,036 303,887 313,004 322,351 332.066 342,028 352,289 362857 280.307 144 358 146689 4,031,460 Total 3.646.491 4.396203 6.421.073 6.210.376 3,575962 2318.0:0 1525=0 1.533.100 2286.443 2.355,036 2.425.687 2.496.458 2573.412 2.650.614 2.544,649 2.444,778 2250.723 1,771206 889.808 856166 22237.1719 trcroacolDc<r~o) Pubic Oct( & Papa bas 0.1500001 i303.1:0)) 600.000 (490.0001 610,000 180.000 290.000 t140,795) (1265.795) 11.058,295/ (1.974826) Landmark Alter Debt 2.622.396 1.611.408 692.902 0.978.990) (2.384.616) (3.396.033) CLaassam 149.685 120.609 2.944.671 6.068.761 7.489.232 11.405.517 9.227.454 9,657.561 10.842.680 4.666.649 2.368.537 3.183.838 3.306.289 69.444.582 Cum/aily* 2.622.396 4233.804 4.926.708 (52.282) (2.436.898) (5.832.898) (7.819.798) (7270.113) 17.549205) (4.604.834) 1.463.927 8953.160 20.358.677 29.586.131 39343292 50.066.372 54,753.021 57.121.558 60.305.396 61611.624 InetADeCrl AITA O6C18 PSS(ock01 2,400290 1200000 2.500200 1.550.0:0 200.030 (1019716) 12.018716) (1.018,716) 0.0/57161 11818716) 112157/0 (1019716) (1.018.7161 11,0157/61 11018716) (9167155) Intones/ Pald on Atli 13001 17=0) (1aomo) (335.0001 (187.000) (120,000) (160.0001 1254,5091 (154309) 13810801 (7816031 664.002) 0.9710001 (4.786.019) OwSergle on 0[4101.81and preleeed 11204 (382501) (1021263) 060.4591 (895.031) landmaft lan4 Call Row 3.160.897 489545 (5823571 (4.661.0211 (4,616) (6.0001 (2911.409) 1191.824) (260292) 1.544.955 4.506.046 3.499.517 10.3662,32 8.206.738 8.638246 9.823.964 2617504 1,349221 2.165.122 3208289 54.671.408 Caw-awe 1.7759:0 4.905.897 5.425.442 4922285 261.1)64 257,248 251248 (2011.409) 12.146.2341 (2.406/326) 1681.671) 3.844.375 7.143,892 17.530.694 25.739.432 34378278 44.202.242 47260.175 49.199.997 51.365.119 54.871.4843 Investor Loan 3.030.000 1.000.000 Cash Flow Na Loan 958,591 895,176 (50292) 1.544.955 4.506.046 3.499,517 10226202 8,208.738 8,638,846 9,823,964 3.647.934 1.349.821 2.165.122 3266289 58671 408 Gadalh. 958.591 1853,X6 1350274 3,138,329 7.644.375 11,143,892 21.530.694 29.739.432 38.378278 48,202,242 51250.175 53.199.997 55.365.119 58 671 408 Sales Assumptions South Padro 3 at Lots Sold 115 82 30 a 10 a a 18 30 31 35 34 34 34 34 34 34 34 34 34 3 at Vitenoal Units Sold 82 93 96 20 10 10 12 30 36 34 38 38 39 38 38 38 38 38 38 34 Tote/4 01 Unit! SOW 197 175 128 24 20 18 20 48 66 65 73 72 72 72 72 72 72 72 72 72 ComulaWo a et polls soli 397 594 769 895 919 939 957 977 1.025 1291 1,156 1.229 1.301 1373 1.445 1.517 1.589 1.661 1,733 1.805 1877 Apes FM C1.43 401LOU 14 105 8 8 5 8 21 11 11 13 4 4 a el Vedide Unas 2 1 2 5 5 6 9 8 0 140teliCkdo Unke Total 14 105 10 9 7 13 26 17 19 22 12 12 ComulaPat 14 119 129 138 145 158 184 201 220 242 251 266 1) At the ced ce 2624. &oh Padre has ape:0~044y 750 deMapablo acre ~aloha ard should~Uwe doe8Openent lot arcane 25 yews. 2) Landmark 4 contracted to maw', 12.69% et the 04444 genaralod Irma the Caneelludson Valley peapci imago o1IM uN,rceen lar0 basis 44Ito prosci thal Droll is noi peopcsod. 3) Estimated Cash POW brom Apos1.4119d1 course os astalaad in X.20 at 10%. 4144o.uno: atI aellato cica con.oriod lo 10 59.14 amorazaaan bonnng in 2013 511~Ict Sank Payment 'Motor.' ore/ 2011. 2012,2015 20 year amal4at.on. 2016 (saloon. 10101001 Halo 139, 6,1044~ 4049410~ 4ohlrbAPAy 0:4,44• 4441,Lande..,41724. 2011 Corporate Cash floe •1•14e10115.4nenty5,124/2011 EFTA01093223