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.
TimeDraw RequiredPaymentsInterest PaidLoan 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