Funding Table

Project summary
As Is Value (Project Related Site Value) $ 1,200,000.00
Current debt held against the land or Purchase price $ -
Construction Costs (Inc GST) $ 1,000,000.00
NRV (Excluding GST, Margin Scheme applicable) $ 2,970,000.00
LVR required 60.00%
Interest rate (p.a.) 10.95%
Term (Months) 12
Application fee (% of loan amount) 1.50%

Development Costs
Construction Costs $ 1,000,000.00
Contingency 5% $ 50,000.00
Establishment Costs + legal costs (approx) $ 30,000.00
Interest (approx) $ 117,100.00
Total costs to be held/deducted at settlement (TC) $ 1,197,100.00

Total funds required $ 1,197,100.00

Total Loan Amount $ 1,782,000.00

Release against land at settlement (Max 65% of ‘Project related site value’)
$ 584,900.00
Shortfall (to be met at settlement) $ -

Funds available for other development costs eg. Demolition (can be drawn upon
anytime after first progress drawdown). $ -

Feasibility Study

Purchase price $ 1,200,000

Stamps on land $ 54,000
Convey. Fees on purchase price $ 2,500
Build Contract (Inc GST) $ 1,000,000
Contingency (Inc GST) $ 50,000
Professional/ consultancy Fees (Inc GST) $ 36,000
Preliminaries (Inc GST) $ -
Less GST reclaimed -$ 98,727
Statutory/ Council fees (Open Space) $ 66,000
Holding cost $ 6,000
Financing costs (upfront fee)+ legals $ 30,000
Interest $ 117,100
Selling cost $ 59,400
Net Realised Value $ 2,970,000

TDC $ 2,522,272.73

Profit in Dollars ($) $ 447,727.27

Profit as % 17.75%

Created by Nick Watson

FUNDS REQUIRED $ FUNDS AVAILABLE
Valuation Fee paid Loan Approved
Application Fee $ 26,730.00 Deposit Paid*
Lenders Mortgage Insurance N/A Savings*
Title insurance fee $ - Gifted Funds*
Settlement Disbursement Fee $ 120.00 Other Resources*
Electronic File Fee $ 130.00 FHOG
Lenders Legals $ 2,000.00
Solicitors Out of Pockets $ 1,000.00
General Security Agreement (if applicable)
State Government Charges $ -
Borrowers Conveyancer & Adjustments $ -
Brokerage $ -

Current debt held against the land or Purchase Price $ -

Construction $ 1,000,000.00
Contingency 5% $ 50,000.00
Interest $ 117,100.00
Monthly Management Fee $ 180.00

Total $1,197,260.00 Total

Total Surplus or Deficit $584,740.00

If a deficit result, advise the broker/borrower and ascertain where the shortfall of funds will come from.

*Obtain documents to confirm funds available and place on file.

NOTES:__________________________________________________________________________________
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 On Completion Value $ 2,970,000.00
$
$ 1,782,000.00 Loan $ 1,782,000.00
$0.00
Build $ 1,167,280.00
$0.00
Release $614,720.00

LVR at Land 51.23%

LVR On Comp 60.00%
LTC Ratio 70.65%

COMPLETE ONCE VALUATION IS HELD

Purchase Price $ 1,200,000.00
Project Related Site Value $ 1,200,000.00
Valuers Profit & Risk Margin $ $ 100,000.00
Valuers Profit & Risk Margin % 15.00%
La Trobe Profit Margin Requirement % 15.00%

Valuers TDC $ 666,666.67

$1,782,000.00 Amended Project Related Site Value $ 1,200,000.00

La Trobe Profit Margin Requirement $ $ 100,000.00

ll come from. Profit on Purchase Price $ 100,000.00

Profitability on Purchase Price 15.00%

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Total Development Costs
Project Related Site Value $ 1,200,000.00
Stamps on land $ 54,000.00
Convey. Fees on purchase price $ 2,500.00
Build Contract (Inc GST) $ 1,000,000.00
Contingency (Inc GST) $ 50,000.00
Professional/ consultancy Fees (Inc GST) $ 36,000.00
Preliminaries (Inc GST) $ -
Less GST reclaimed -$ 98,727.27
Statutory/ Council fees (Open Space) $ 66,000.00
Holding cost $ 6,000.00
Financing costs (upfront fee) $ 30,000.00
Interest $ 117,100.00
Selling cost $ 59,400.00

TDC $ 2,522,272.73