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Sample Executive Summary
Sample Property Description
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Sample
Property Description Form
| Unit
Mix: |
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| Unit Type |
Number of Units |
Square Feet |
Avg. Occupied Rent |
| 1/1 |
20 |
700 |
$500 |
| 2/1 |
20 |
800 |
$600 |
| 3/2 |
20 |
1000 |
$700 |
| Totals |
60 |
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| Property
Type: |
Garden
Apartments |
| Year Built: |
1985 |
| Site Size: |
5.5 acres |
| Occupancy: |
100% |
| Parking: |
Approx. 85 spaces |
| Construction Type: |
Stucco over concrete block w/
pithced shingle roof system |
| Capital Improvements: |
- New roof
- Parking lot re-seal & re-stripe
- New retention pond wall
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| Zoning Type: |
R3
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| Amenities: |
Sparkling swimming
pool, hot tub, childrens playground and 5,000 square foot clubhouse
featuring exercise room and sauna. |
| Unit Description: |
Washer and Dryer in each apartment.
Private patios/balconies, complete kitchens including: pass-thru
bar, stainless steel sink with disposal and dishwasher. Abundant
storage and closet space (walk-in for 2 & 3 bedroom). Mini
blinds and verticals are included. |
| The Story: |
Tell us the
STORY |
| Loan Request: |
$2,550,000 |
| 2007 Proforma
GPI: |
$554,850 |
| 2007 Proforma Expenses: |
$157,822 |
| 2007 Proforma
NOI: |
$397,028 |
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