EFTA00613643.pdf

Projected Returns - 2/6/14 21 East 26th St. New York. NY Gross SF Sellable Sr 35,280 28,124 Cost of Real Estate Cost of Project Hard. Soft. Financing & Interest Costs Initial Return of Equity to Investors (A & B) Current Payables Future Costs 8 Contingency Remaining Distributions $ 13,250.000 $ 24.063.491 $ 2250.000 $ 404.943 460.094 $ 21.539 936 11/1/131 Initial Equay $ 7.000.000 2/11/11 Net Sale of Retail Units $ 6.980.432 10/29/13 Net Sale of Unit 82 9.120.735 8/5/13 Net Sale of Unit 83 8.849,984 7129113 'Net Sale of Unit #4 $ 8.037.303 7130/13 Proceeds of Penthouse S 22.000.000 3131/14 lUtal Se Proiected Condo Sellout FT Real Estate - Pro;ected D stnbut n Sel lc 2 Status Net Sal Reta4 Units Solid 6.980.432 $ 7.500.000 10/29/13 Contribution: Equity A 220.500 11 Unit #2 Solid S 9.120.735 5 10.000.000 8/5/13 Contribution: Advance Star 5_ 700.000 8/1 9111 Unit 43 Solid S 8.849.964 10.000.000 7/29/13 Total Contrioution 920.500 'Unit se Saki 8.037.303 $ 9.250.000 7/30/13 Penthouse (Protected) 22.000.030 S 22.000.009 3/31/14 Initial Return of Ecpaty A $ 63.606 Return of Equity A $ 156.894 Prosecl Costs (31 198.528) Distributable to Equity A $ 220.500 Return of Equity A & B (7.800.000 Additional Distribution to Equity A ($1.4MM) $ 44.100 Developer Fee $ (225.000) Distributable to Advance Star $ 2.089.472 Profit Return to Equity A& B S (7.400.000) Total Distribution 5 2.574.572 1st Distribution to Advance Star S (2.466.667) Additional Profit Return to Equity A & B S (1.400.000) 2nd Distribution to Advance Star S (4.498.240) oottmos: tint frpt spcnsq iscvf A remahng otigabon to pay real estate taxes lOr 54 moron. seise MI be pejo at dosing (els Aura:red 'Mad M Future Cats 8 COn9n00101) Eauty B Deasy:on is 5900003 en rerun ct caatal up lo S400.000 d SOCCOCI <use-mown EFTA00613643