SOURCES & USES

Question 1

NAME SECTIONS FOR SOURCES & USES

Answer 1

1. SOURCES OF CAPITAL
2. USES OF CAPITAL
3. UNLEVERAGED CASH ON CASH RETURN
4. LEVERAGED CASH ON CASH RETURN
5. CUMULATIVE TOTAL PURCHASE PRICE
6. CUMULATIVE TOTAL BOOK VALUE
7. UNLEVERAGED ANNUAL IRR
8. LEVERAGED ANNUAL IRR
9. CLOSING COSTS

Question 2

SOURCES & USES: SECTION 1

Answer 2

SOURCES OF CAPITAL
NET OPERATING GAINS
DEBT FUNDING PROCEEDS
INITIAL EQUITY CONTRIBUTION
NET PROCEEDS FROM SALE

DEFINED SOURCES OF CAPITAL 

REQUIRED EQUITY CONTRIBUTIONS 

TOTAL CAPITAL SOURCES

Question 3

SOURCES & USES: SECTION 2

Answer 3

USES OF CAPITAL
PROPERTY PURCHASE PRICE
CLOSING COSTS

TOTAL PROPERTY PURCHASE PRICE 

TOTAL DEBT SERVICE 
TENANT IMPROVEMENTS 
LEASING COMMISSIONS 
CAPITAL EXPENDITURES 
DEBT RETIREMENT (last yr) 

DEFINED USES OF CAPITAL 

CASH FLOW DISTRIBUTIONS 

TOTAL USES OF CAPITAL

Question 4

SOURCES & USES: SECTION 3

Answer 4

UNLEVERAGED CASH ON CASH RETURN
CASH TO PURCHASE PRICE
NOI TO BOOK VALUE

Question 5

Define CASH TO PURCHASE PRICE and provide FORMULA

Answer 5

RATIO of CF to INITIAL PURCHASE PRICE

(NOI - CAPEX)/ (PP + CLOSING COSTS)

Question 6

Define NOI to BOOK VALUE and provide FORMULA

Answer 6

RATIO of NOI to accumulated value of property

NOI/ (PP + DEAL COSTS + CAPEX)

Question 7

SOURCES & USES: SECTION 4

Answer 7

CUMULATIVE TOTAL PURCHASE PRICE

Question 8

SOURCES & USES: SECTION 5

Answer 8

CUMULATIVE TOTAL BOOK VALUE

Question 9

SOURCES & USES: SECTION 6

Answer 9

UNLEVERAGED ANNUAL IRR

Question 10

SOURCES & USES: SECTION 7

Answer 10

CLOSING COSTS
1. LOAN FEE
2. LENDER LEGAL
3. MLRP LEGAL
4. DUE DILIGENCE
5. PHASE II
6. BUYER TITLE ENDORSEMENTS
7. BROKER FEE