Funding Assumptions

The Funding Assumptions allow you to enter specific additional investments by the Limited Partners /Group Members occurring after the initial funding of the Total Initial Investment.

There are no additional investments necessary for the Sample Apartments, but we have in- cluded a Funding Page in the Assumption Set anyway. Funding is a multiple page type so you may include as many such Funding Pages as you desire. For each Funding Page the individ- ual assumptions are:

INVESTMENT AMOUNT is the amount of the additional investment to be made by the Limited Partners /Group Members. The Amount must be greater than zero, or the Funding Page does not effect the computations. All positive amounts entered are treated as dollar amounts.

INVESTMENT DATE is the date on which the additional investment is to be made, entered as MM.YY, just as with all dates in planEASe. Contrary to the other use of dates in planEASe, however, a date of 0.00 here does not default to the Acquisition Date, but rather eliminates any consideration of the Funding Page in the computations. The models assume that additional investments are made on the first day of the month, and any Preferred Returns are calculated taking this into account.

Typically, you will want to use the ampersand (&) as the first character in the Page Title of all but the first Funding Page so they are combined on one line of any detail reports, given that you want to include them on detail reports. The Initial Investment specified in the Partnership / Group Assumptions is not included in the details for Funding Assumptions. Additionally, any additional investments caused by automatic assessments of the Limited Partners /Group Members are also not included in detail reports.