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<br />Irt Crossing Land LP
<br />..RZ Loan Summary
<br /> Int. On Prior Interest on
<br />Date Monthlv Month Oustd. ~ Total
<br />runded Fundlna Balance Interest Rate Month Loan Balance Fundino Interest
<br />)5/24/06 Land Closing 2,300,000.00 2,300,000.00 8.25% May 16,339.58 16,339.58
<br /> 2,300,000.00 8.25% June 15,812.50 15,812.50
<br /> 2,300,000.00 8.25% July 16,339.58 16,339.58
<br />-98/28/06 Misc Paid 242,317.73 2,542,317.73 8.25% August 16,339.58 166.59 16,506.18
<br /> 2,542,317.73 8.25% September 17,478.43 17,478.43
<br /> 2,542,317.73 8.25% October 18,061.05 18,061.05
<br />11/15/06 Misc Paid 641,344.77 3,183,662.50 8.25% November 17,478.43 2,204.62 19,683.06
<br />-12/15/06 Misc Paid 630,305.85 3,813,968.35 8.25% December 22,617.27 2,166.68 24,783.95
<br /> 2006 TOTAL $ 3,813,968.35 $ 145,004.33
<br /> 3,813,968.35 8.25% January 27,095.07 27,095.07
<br />02/22/07 Fund Draw #3 2,154,275.50 5,968,243.85 8.25% February 24,472.96 2,962.13 27,435.09
<br />_03/30/07 Fund Draw #4 2,390,915.34 8,359,159.19 8.25% March 42,399.40 547.92 42,947.32
<br />)4/04/07 Fund Draw #5 408,318.89 8,767,478.08 8.25% April 57,469.22 2,432.90 59,902.12
<br />)5/18/07 Fund Draw #6 42,277 .00 8,809,755.08 8.25% May 62,285.63 125.95 62,411.58
<br />06/19/07 Fund Draw #7 298,529.82 9,108,284.90 8.25% June 60,567.07 752.54 61,319.61
<br />--07/18/07 Fund Draw #8 119,456.79 9,227,741.69 8.25% July 64,706.77 355.88 65,062.66
<br />08/16/07 Fund Draw #9 39,005.50 9,266,747.19 8.25% August 65,555.41 134.08 65,689.50
<br />09/21/07 Fund Draw #10 372,845.95 9,639,593.14 7.75% September 59,847.74 722.39 60,570.13
<br /> 9,639,593.14 October
<br /> 9,639,593.14 November
<br /> 9,639,593.14 December
<br /> 2007 TOTAL $ 5,825,624.79 $ 472,433.06
<br />
<br />GRAND TOTAL $ 9,639,593.14 (TIRZ Draw total minus interest)
<br />
<br />$ 617,437.39
<br />
<br />10,257,030.53 as of 9/30/07
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