Immeubles Gloria
1650 René-Lévesque W., Ville-Marie
120 residential units, 2 commercial units | 35,000,000$

Investment Analysis

LISTED PRICE
35,000,000$
  
35,000,000$
  
35,000,000$
  
Purchase Price (estimated) 35,000,000$ 100% 35,000,000$ 100% 35,000,000$ 100%
Other Cost 0$ 0% 0$ 0% 0$ 0%
Other Cost 0$ 0% 0$ 0% 0$ 0%
PURCHASE PRICE
35,000,000$
 100%
35,000,000$
 100%
35,000,000$
 100%
Financing Type CMHC MLI Select (50 pts) CMHC (regular) Mortgage Current Bal.
1st MORTGAGE AMOUNT
23,300,000$
 66.6%
19,700,000$
 56.3%
14,862,809$
 42.5%
Lender CMHC MLI Select CMHC (regular) First National CMHC
Rate 3.9% 3.9% 4.4%
Amortization 40 40 37
Term 5 5 2
Maturity Date 2028-06-01
Monthly Payment 95,485$ 80,732$ 67,490$
Interest Cost 897,023$ 758,427$ 644,775$
Capital Payment 248,803$ 210,361$ 165,101$
Annual Mortgage Cost 1,145,825$ 968,788$ 809,876$
2nd MORTGAGE AMOUNT
0$
 0%
0$
 0%
0$
 0%
Lender
Rate
Amortization
Term
Expiry Date
Monthly Payment 0$ 0$ 0$
Interest Cost 0$ 0$ 0$
Capital Payment 0$ 0$ 0$
Annual Mortgage Cost 0$ 0$ 0$
CASH TO PURCHASE
11,700,000$
 33.4%
15,300,000$
 43.7%
20,137,191$
 57.5%
Net Revenue 1,245,494$ 1,245,494$ 1,245,494$
Mortgage Annual Cost 1,145,825$ 968,788$ 809,876$
Cash Flow 99,668$ 276,706$ 435,618$
Capital Reimbursement 248,803$ 210,361$ 165,101$
Cash Flow + Capital 348,471$ 487,067$ 600,719$
Return on Cash Flow 0.85% 1.8% 2.16%
Return on Investment 2.97% 3.18% 2.98%
G.R.M. 18.32 18.32 18.32
N.R.M. 28.1 28.1 28.1
Cost per Unit 291,667$ 291,667$ 291,667$
Cap. Rate 3.55% 3.55% 3.55%
Debt Coverage 1.09 66.6% 1.29 56.3% 1.54 42.5%

Notes

- Option 1: New CMHC MLI Select financing with the energy efficiency criteria (50 points). - Option 2: New regular CMHC financing. - Option 3: Assumption of the existing regular CMHC financing with First National.
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