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 |
23,500,000$ |
67.1% |
19,900,000$ |
56.9% |
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 | 96,305$ | 81,552$ | 67,490$ | |||
| Interest Cost | 904,722$ | 766,127$ | 644,775$ | |||
| Capital Payment | 250,938$ | 212,497$ | 165,101$ | |||
| Annual Mortgage Cost | 1,155,661$ | 978,623$ | 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 |
11,500,000$ |
32.9% |
15,100,000$ |
43.1% |
20,137,191$ |
57.5% |
|---|---|---|---|---|---|---|
| Net Revenue | 1,271,557$ | 1,271,557$ | 1,271,557$ | |||
| Mortgage Annual Cost | 1,155,661$ | 978,623$ | 809,876$ | |||
| Cash Flow | 115,896$ | 292,934$ | 461,681$ | |||
| Capital Reimbursement | 250,938$ | 212,497$ | 165,101$ | |||
| Cash Flow + Capital | 366,834$ | 505,431$ | 626,782$ | |||
| Return on Cash Flow | 1% | 1.93% | 2.29% | |||
| Return on Investment | 3.18% | 3.34% | 3.11% | |||
| G.R.M. | 17.97 | 17.97 | 17.97 | |||
| N.R.M. | 27.53 | 27.53 | 27.53 | |||
| Cost per Unit | 291,667$ | 291,667$ | 291,667$ | |||
| Cap. Rate | 3.63% | 3.63% | 3.63% | |||
| Debt Coverage | 1.1 | 67.1% | 1.3 | 56.9% | 1.57 | 42.5% |
| - 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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