Interest Rate 13.0%
SOURCES OF FUNDS • re-sale of units
Equity A (Lofts21 LLC) 21.4% $7,000,000
Project Loan Financing 3.7% $1,197,747
Building Loan Financing ... Advance Star ($4,498,238)
Total 0
FT REAL ESTATE - CONTRIBUTIONS/DISTRIBUTIONS
Contribution: Equity A (Lofts21 LLC) $220,500
Contribution: Advance Star $700,000
Total Contribution $920,500
Initial Return