Budget Worksheet
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LAND -- RESIDENTIAL
Investment Submission Summary
Producer Name:
Producer Phone Number:
Sponsor Name (corporate or individual, not LLC):
Key Phone Number:
Property Name:
Property Location: Address
City, State, Zip
Market/Submarket
I. TRANSACTION CONTROL
completed by MIKOR
Primeau Funding
1. Overviewcompleted by Primeau Funding
• Do you know the sponsor?
• What is the sponsor's net worth (estimated)?
• Have you closed a transaction with the sponsor?
• Known competitors on this deal?
2. Property Status: The “Real Deal” Test
• Is the property currently owned by the sponsor?
• Is the property under contract?
• If yes, what are the key dates?
3. Equity: Who is the source of equity?
• Sponsor equity investment or co-investment (check all that apply)
4. Sponsor Hot Points Ranking (1 high, 3 low, rank in order of priority, cannot all be 1's)
II. SALIENT FACTS
1. Description of Current Land Status:
2. Property Entitlements:
• Currently Approved Zoning
• Desired Approval
3. Remaining Entitlements Needed:
4. Property Description: Number of Acres
Number of Buildable SF
Number of Units/Lots
5. Loan Information: Dollar Amount of Loan (requested by borrower)
Term of Loan (months)
Pricing Expectation (Interest Rate)
6. Purpose of Loan:
7. The Story: What is the opportunistic situation? How will value be increased or created?
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III. PROJECT ECONOMICS
1. Property Brief
Development Type Residential Total Units 0 Total SF 0 Total Acre.
2. Capital Structure & Sources and Uses at Close
Description Uses of Capital
Amount
Sources of Capital $ per Unit $per SF
Borrower's Equity
Total $0 $0 $0.00
Description Uses of Capital
Amount
Uses of Capital $ per Unit $per SF
Land Acquisition
Total Project Cost $0 $0 $0.00
3. Total Project Costs
Pre-Construction Costs
Costs Loan
Total $ per Unit $ Per SF $ Per Acre Total $ per Unit
Land Acquisition Cost $0 $0
Entitlement Costs $0
On-Site Development $0
Off-Site Development $0
Soft Costs $0
Financing Costs
Interest Carry $0 $0
Fees $0
Others $0
Total Development Costs $0 $0
Total A&D Costs $0 $0
Costs Loan
Construction Costs Total $ per Unit $ Per SF $ Per Acre Total $ per Unit
Construction Costs $0
Soft Cost $0
Fees/Interest Expenses $0
Other Costs $0
Total Costs $0 $0
Valuation (Estimated or Appraised) Total $ per Unit
Market Value--Raw Land
Market Value--Developped Land
Market Value--Completed Property
Profit Analysis
$ Per Unit
Total Perspective Revenue #DIV/0!
Total Cost #DIV/0!
Gross Profit on Land #DIV/0!
Gross Profit Margin
Residual Land Analysis $ Per Unit
Value of Completed Property #DIV/0!
Less: selling costs 5.0% #DIV/0!
Construction Costs #DIV/0!
Development Cost #DIV/0!
Developper Profit 20.0% #DIV/0!
Residual Value of Raw Land #DIV/0!
4. Exit Strategy:
5. Primary Risks:
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6. Primary Mitigants:
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7. Other Comments:
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ESIDENTIAL
mission Summary
Primeau Funding
Phone: 480.832.1616 or Toll-Free: 800.473.3100
Yes/No
Hard Money Date (mm/dd/year)
Closing Date (mm/dd/year)
Sponsor
Institutional Partner
Syndicated
Other
Pricing
Proceeds
Certainty of Execution
Total Acre. 0
Uses of Capital
$per SF $ per Acre Loan to Cost
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
#DIV/0!
$0.00 $0 #DIV/0!
Uses of Capital
$per SF $ per Acre % of Total
$0.00 $0 0.0%
Loan Equity
$ Per SF $ Per Acre Total $ per Unit $ Per SF $ Per Acre
$0
$0
$0
Loan Equity
$ Per SF $ Per Acre Total $ per Unit $ Per SF $ Per Acre
$0
$ Per SF $ Per Acre
Total Amount
$0
$0
$0
#DIV/0!
Total Project Cost
$0
$0
$0
$0
$0
$0
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