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E <br /> tat for Humanity f Cape Cod, Inc.: Mashp - orchard and uinaquis t <br /> m' ty Preservation Application - Pro-FormasOctober 2014 <br /> Soft Costs: <br /> Permits u rvey 1.50 $ 750 $ 0.63 <br /> Architectural $ - $ - - 0% <br /> Engineering 25,000 $ 12,500 10.42 <br /> Legal 5,000 $ 2,500 $ 2.08 1% <br /> Bond Premium $ - $ <br /> Real Estate Takes $ - $ $ - % <br /> Insurance $ ;000 $ 1, $ 0.83 U <br /> Security $ - $ - $ - <br /> Developer's Overhead $ - $ - $ - <br /> General Contractor's OH $ - $ - $ - <br /> Construction Manager $ 8,000 $ 4,000 $ 3.33 2 <br /> Property Manager $ - $ - $ - <br /> Construction Interest $ 2,750 $ 1,375 $ 1.15 1% <br /> Financing Application/Fees/Appraisal - $ - $ - 0 <br /> Utilities 750 $ 375 0.31 0 <br /> Maintenance (unsold units) 0 <br /> Accounting $ - - $ - 0% <br /> Marketing $ 7,500 $ 30750 $ 3.13 2% <br /> LESS DISCOUNTS/GIFTS-IN-KIND $ , oo) ( ,000) $ (1.67) -1 <br /> (h)Subtotal Soft Costs $ 48,500 240250 $ 20.21 10 <br /> (i)Contingency( ° ) 2,425 $ 1,213 $ 1.01 1 <br /> )Total Soft Costs(h+I) $ 504P325 250463 $ -21.22 11 <br /> N SubTotal, Development (g+j) $ 4260304 213,152 $ 177,63 <br /> Developer Fee- 12.5%of Development $ 56,288 250644 $ 22.20 11% <br /> TOTAL DEVELOPMENT COSTS $ 4790592 239J96 $ 199-83 100% <br /> Profit Analysis <br /> Sources: <br /> Affordable Sales USDA mortgage $ 140,250 (1 home @ $140,250) <br /> Dev Equity-Net Pres Value HHCC Mtg $ 76,654 (1 home,over time) <br /> Market Sales $ - not applicable <br /> Construction Grant-CPC $ 1000000 <br /> Grants-other $ - <br /> 5oiar Grants 48,000 <br />' FHLBB $ 60,000 <br />' Private Fundraising $ 57,688 expectation based on past builds <br /> (A)Total Sources $ 4791,S92 <br /> Construction Period Financing:Eastern Bark Line of Credit as needed <br />