This report shows the results of a Draw Loan specified in support of the Apartment Development LLC development project. The results are based on drawing 100% of the eligible costs specified. Draws are scheduled to occur each month during the life of the project. The loan bears interest at 9.000% and interest is scheduled to be paid at month-end, as incurred.There are no loan fees projected.
Time | Draw Required | Payments | Interest Paid | Loan Balance | Feb 03 | $28,000 | | $210 | $28,000 |
Mar 03 | $2,669,200 | | $20,229 | $2,697,200 |
Apr 03 | $266,000 | | $22,224 | $2,963,200 |
May 03 | $949,600 | | $29,346 | $3,912,800 |
Jun 03 | $206,400 | | $30,894 | $4,119,200 |
Jul 03 | $33,600 | | $31,146 | $4,152,800 |
Aug 03 | $110,400 | | $31,974 | $4,263,200 |
Sep 03 | | | $31,974 | $4,263,200 |
Oct 03 | | | $31,974 | $4,263,200 |
Nov 03 | | | $31,974 | $4,263,200 |
Dec 03 | | | $31,974 | $4,263,200 |
Jan 04 | | $4,263,200 | | |
Totals | $4,263,200 | $4,263,200 | $293,919 | $0 |
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