Immeubles Gloria

3441 Jeanne-Mance, Plateau-Mont-Royal

29 residential units, 0 commercial units | 8,500,000$

Investment Analysis

LISTED PRICE	8,500,000$		8,500,000$		8,500,000$

Purchase Price (estimated)	8,500,000$	100%	8,500,000$	100%	8,500,000$	100%
Other Cost	0$	0%	0$	0%	0$	0%
Other Cost	0$	0%	0$	0%	0$	0%

PURCHASE PRICE	8,500,000$	100%	8,500,000$	100%	8,500,000$	100%

Financing Type	Assumption		Assumption		CMHC MLI Select (50 pts)

1st MORTGAGE AMOUNT	5,292,902$	62.3%	5,292,902$	62.3%	6,550,000$	77.1%

Lender	First National CMHC		First National CMHC		CMHC MLI Select
Rate	2.7%		2.7%		3.8%
Amortization	37		37		40
Term	2.2		2.2		5
Maturity Date	2027-05-01		2027-05-01
Monthly Payment	18,819$		18,819$		26,447$
Interest Cost	141,073$		141,073$		245,723$
Capital Payment	84,757$		84,757$		71,637$
Annual Mortgage Cost	225,830$		225,830$		317,359$

2nd MORTGAGE AMOUNT	900,000$	10.6%	0$	0%	0$	0%

Lender	CMHC MLI Select
Rate	4.3%
Amortization	40
Term	5
Expiry Date
Monthly Payment	3,909$		0$		0$
Interest Cost	38,189$		0$		0$
Capital Payment	8,724$		0$		0$
Annual Mortgage Cost	46,913$		0$		0$

CASH TO PURCHASE	2,307,098$	27.1%	3,207,098$	37.7%	1,950,000$	22.9%

Net Revenue	349,483$		349,483$		349,483$
Mortgage Annual Cost	272,743$		225,830$		317,359$
Cash Flow	76,740$		123,653$		32,124$
Capital Reimbursement	93,481$		84,757$		71,637$
Cash Flow + Capital	170,221$		208,410$		103,761$
Return on Cash Flow	3.32%		3.85%		1.64%
Return on Investment	7.37%		6.49%		5.32%

G.R.M.	17.5		17.5		17.5
N.R.M.	24.32		24.32		24.32
Cost per Unit	293,103$		293,103$		293,103$
Cap. Rate	4.11%		4.11%		4.11%
Debt Coverage	1.28	72.9%	1.55	62.3%	1.1	77.1%

Notes

- Option 1: Assumption of the existing 1st rank regular CMHC financing + a 2nd rank CMHC MLI SELECT (50 points) financing with First National. - Option 2: Assumption of the 1st rank existing regular CMHC financing with First National. - Option 3: New CMHC MLI Select financing with the energy efficiency criteria (50 pts).

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