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<br />Port Crossing land lP
<br />TIRZ loan Summary
<br />
<br />Date
<br />Funded
<br />
<br /> Monthly
<br /> FundinQ Balance Interest Rate Month
<br /> 2,300,000.00 2,300,000.00 8.25% May
<br /> 2,300,000.00 8.25% June
<br /> 2,300,000.00 8.25% July
<br /> 242,317.73 2,542,317.73 8.25% August
<br /> 2,542,317.73 8.25% September
<br /> 2,542,317.73 8.25% October
<br /> 641,344.77 3,183,662.50 8.25% November
<br /> 630,305.85 3,813,968.35 8.25% December
<br />$ 3,813,968.35
<br />
<br />OS/24/06 Land Closing
<br />
<br />08/28/06 Mise Paid
<br />
<br />11/15/06 Mise Paid
<br />12/15/06 Mise Paid
<br />
<br />2006 TOTAL
<br />
<br />-
<br />
<br />In1. On Prior Interest on
<br />Month Oustd. Current Total
<br />
<br />Loan Balance FundinQ Interest
<br />
<br />16,339.58
<br />15,812.50
<br />16,339.58
<br />16,339.58
<br />17,478.43
<br />18,061.05
<br />17,478.43
<br />22,617.27
<br />
<br />166.59
<br />
<br />2,204.62
<br />2,166.68
<br />
<br /> 3,813,968.35 8.25% January 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
<br />03/30/07 Fund Draw #4 2,390,915.34 8,359,159.19 8.25% March 42,399.40 547.92
<br />04/04/07 Fund Draw #5 408,318.89 8,767,478.08 8.25% April 57,469.22 2,432.90
<br />05/18/07 Fund Draw #6 42,277.00 8,809,755.08 8.25% May 62,285.63 125.95
<br />06/19/07 Fund Draw #7 298,529.82 9,108,284.90 8.25% June 60,567.07 752.54
<br />07/18/07 Fund Draw #8 119,456.79 9,227,741.69 8.25% July 64,706.77 355.88
<br />08/16/07 Fund Draw #9 39,005.50 9,266,747.19 8.25% August 65,555.41 134.08
<br />09/21/07 Fund Draw #10 372,845.95 9,639,593.14 7.75% September 59,847.74 722.39
<br />10/23/07 Fund Draw #11 9,639,593.14 7.50% October 62,255.71
<br />11/30/07 Fund Draw #12 422,394.46 10,061,987.60 7.50% November 60,247.46
<br />12/20/07 Fund Draw #13 202,944.32 10,264,931.92 7.25% December 62,817.55 449.58
<br /> Not Yet Funded 56,659.20
<br /> 2007 TOTAL $ 6,507,622.77
<br />
<br />Total Funding $ 10,321,591.12
<br />
<br />Total Including Interest '.;c 11,124,798.80035 of 12/31107 "tiRz Draw.
<br />
<br /> 16,339.!
<br /> 15,812.!Ju
<br /> 16,339.58
<br /> 16,506. -
<br /> 17,478.-
<br /> 18,061.05
<br /> 19,683.06
<br /> 24,783.'-
<br />$ 145,004.33
<br /> -
<br /> 27,095._ .
<br /> 27,435.09
<br /> 42,947.88
<br /> 59,902.
<br /> 62,411.od
<br /> 61,319.61
<br /> 65,062.-;
<br /> 65,689. I
<br /> 60,570.13
<br /> 62,255.71
<br /> -
<br /> 60,247. ;
<br /> 63,267 I
<br /> --
<br />$ 658,203 ,
<br /> =
<br /> -
<br />$ 803,207.uJ
<br />
<br />-
<br />
<br />-
<br />
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