This report shows the results of a projected sale of the Pine Lake HomeSites LLC on December 2004 which is 3.00 yr. / 36 mo. from the date of acquisition. The Sale Price of $0 is projected by using the Sale Price Method No Sale Price Computed @ No Sale Price Computed.

Sale Value$0
Closing Cost$0
Loan Repayment$0
Sale Proceeds Before Tax$0
Proceeds for Distribution at Sale (Sale Proceeds & Remaining Working Capital)$20,000
Proceeds Distributed To Members at Sale (100%)($20,000)
Group Member Proceeds (per Unit) at Sale - Number of Units Issued 11
Group Member Proceeds (per Unit) at Sale Before Tax$1,818
Group Member Proceeds (per Unit) at Sale Taxes$0
Group Member Proceeds (per Unit) at Sale After Tax$1,818
Sale Proceeds Distributed To Manager (0%)$0
Managing Member Cash Flow Proceeds at Sale Taxes$0
Managing Member Cash Flow Proceeds at Sale After Tax$0

Distribution at Sale Assumptions (paid in order shown)