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Hbrmtafor Humanity p Cc, Inc.: lhe -Orchard and uingit <br /> n <br /> Preservation Application - Pro-Formas October 2014 <br /> Soft Casts: <br /> Permits/Surveys $ 1,500 $ 750 0.63 <br /> Architectural $ - $ - - 0% <br /> Engineering $ 25,000 $ 12,500 10.42 5 <br /> Legal $ 5,000 $ 2,500 $ 2.08 1 <br /> Band Premium $ - $ -- <br /> Bea I Estate Taxes $ - $ - $ - 0% <br /> Insurance 200 $ 11000 $ 0.83 0 <br /> Security - - 0% <br /> Developer's Overhead $ - $ - $ - 0% <br /> General Contractor's OH $ - $ - $ - 0% <br /> Construction Manager $ 80000 $ 4,000 $ 3.33 <br /> Property Manager $ - $ - $ - 0 <br /> Construction Interest $ 20750 1,375 $ 1.15 1 <br /> Financing Application/FeeAppraial $ - $ - $ - 0 <br /> Utilities $ 750 $ 375 $ 0.31 0 <br /> Maintenance(unsold units) 0 <br /> Accounting $ - $ - - <br /> Marketing $ 7,500 $ 3,750 3.13 <br /> LESS DISCOUNTS/GIFTS-IN-KIND (40000) $ (20000) $ (1.67) -1 <br /> (h) Subtotal Soft Costs $ 48,500 $ 24,250 20.21 10% <br /> (i) Contingency(5 ) $ 2,425 $ 1,213 1.01 1 <br /> 0)Total Soft Costs(h+1) $ SO.,925 $ 25,463 $ 21.22 11 <br /> (1 )SubT tarl, Development (g+j) 4260304 $ 213,152 $ 177.63 <br /> Developer Fee- 12.5° f Development $ 53,288 $ 26,644 $ 22.20 11% <br /> TOTAL • ...83 % <br /> Profit Analysis <br /> Sources: <br /> Affordable Sales USDA mortgage $ 140,250 (1 home @$140,250) <br /> Dev Equity-fMet Pres Value IHC Mtg $ 73,654 (1 home,over time) <br /> Market Sales $ - not applicable <br /> Construction Grant-CPC $ 100,000 <br /> Grants-other $ - <br /> olr Grants $ 48,000 <br /> FHLBB $ 60,000 <br /> Private Fundraising $ 57,688 expectation based on past builds <br /> * Total Sources • • <br /> 40 Construction Period Finoncing:Eastern Bark Line of Credit as needed <br />