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The following is a sample of a project lease summary. This dynamic
summary is developed from information provided through the single lease
analysis, which follows the summary below.
Need more of an explanation, click definition
for additional information.
Line numbers have been omitted for brevity.
Lease summary:
7-1999
xx Units in Project |
PROJECT:
Adler Medical Group Building
Borrower: Dr. Ann Adler,
owner |
| 16. |
Total gross
annual lease payments (including contributions)
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
$357,342
$75,729
$433,071 |
|
| 17. |
Total annual
effective net income from leases per leased sq ft
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
$16.69
$15.60
$16.50 |
|
| 18. |
Total amount
of deposits on leases
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
$12,681
$6,458
$19,139 |
|
| 29. |
Total tenant
contributions to CAM
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
$35,928
$7,841
$43,245 |
|
| 30. |
Total
contributions to real estate taxes
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
$35,404
$5,005
$40,933 |
|
| 31. |
Percent
tenants leased sq ft to total net usable sq ft
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
60.02%
12.85%
72.87% |
|
| 38. |
Total sq ft of
leases expiring prior to loan balloon term
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
6,584
0
6,584 |
|
| 44. |
Remaining
effective N.O.I. after tenant fallout
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
$142,749
$49,745
$192,494 |
|
| 46. |
D.S.C. from
remaining effective N.O.I. after fallout
Non-anchor tenants
Anchor tenants
All tenants |
=
=
= |
.89
.21
1.10 |
|
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The following is representative of a single lease analysis. The total
input time to complete a single lease entry data screen should not exceed 90 to
120 seconds.
| 36. |
Square feet leased to
total net available
Square feet of lease / total net square feet in project
1650 / 32394 |
= |
5.09% |
|
| 42. |
Expenses allocated to
tenant
Est exp's per sq ft at stab occ% X tenant leased
sq ft X
(payments in period / months in analysis period)
$2.41 X 1,650 X ( 12 / 12 )
|
= |
$3,976 |
|
| 43. |
Annual effective net
income from lease
(Gross annual lease payment + estimated income
from
participation) - Annual effective tenant concessions -
annual value of lease commission paid by borrower -
(expenses + taxes + prorated reserves) allocated to tenant
$36,800 + $0 - $0 - $0 - $7,503
|
= |
$29,297 |
|
| 45. |
% of project’s debt
service - covered by effective net income of lease
Annual effec net income from lease / proj annual debt serv
$29,297 / $241,710 |
= |
12.12% |
|
| 47. |
Estimated value to project
from net effective lease income
Annual effective net income from lease / capitalization rate
$29,297 / .0950 |
= |
$308,389 |
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