Stage 1

Type Units Sales Price Total Phase 1

A 4 $199,999 $799,996 Type Units Avg Price
B 10 $299,999 $2,999,990 A 1br/1ba 8 $209,999
C 10 $449,999 $4,499,990 B 2br/2ba 20 $319,999
Total $8,299,976 C 3br/2ba 20 $474,999
Stage 2 Total Units
Type Units Sales Price Total
A 4 $219,999 $879,996 Phase 2
B 10 $339,999 $3,399,990 Type Units Avg Price
C 10 $499,999 $4,999,990 A 1br/1ba 8 $304,999
Total $9,279,976 B 2br/2ba 20 $429,999
Stage 3 C 3br/2ba 20 $664,999
Type Units Sales Price Total Total Units
A 4 $279,999 $1,119,996
B 10 $399,999 $3,999,990 Total Project
C 10 $599,999 $5,999,990
Total $11,119,976 Number Average Expected
Stage 4 Size of Units Price Sales
Type Units Sales Price Total 1 BR 16 257,499 $4,119,984
A 4 $329,999 $1,319,996 2BR 40 374,999 $14,999,960
B 10 $459,999 $4,599,990 3BR 40 569,999 $22,799,960
C 10 $729,999 $7,299,990 96 41,919,904
Total $13,219,976
Total Sales $41,919,904
Sales Deposit
$1,679,992 $419,998
$6,399,980 $1,599,995
$9,499,980 $2,374,995
$17,579,952 $4,394,988 $13,184,964

Sales Deposit
$2,439,992 $609,998
$8,599,980 $2,149,995
$13,299,980 $3,324,995
$24,339,952 $6,084,988 $18,254,964

Expected
Deposit
$1,029,996
$3,749,990
$5,699,990
10,479,976
Stage 1
Type Fractions Sales Price Total Phase 1
A 30 $79,999 $2,399,970 Type Units Avg Price Sales
B 45 $99,999 $4,499,955 A 1br/1ba 60 $84,999 $5,099,940
C 45 $119,999 $5,399,955 B 2br/2ba 90 $104,999 $9,449,910
Total $12,299,880 C 3br/2ba 90 $124,999 $11,249,910
Stage 2 Total Units $25,799,760
Type Fractions Sales Price Total
A 30 $89,999 $2,699,970 Phase 2
B 45 $109,999 $4,949,955 Type Units Avg Price Sales
C 45 $129,999 $5,849,955 A 1br/1ba 60 $119,999 $7,199,940
Total $13,499,880 B 2br/2ba 90 $154,999 $13,949,910
Stage 3 C 3br/2ba 90 $189,999 $17,099,910
Type Fractions Sales Price Total Total Units $38,249,760
A 30 $109,999 $3,299,970
B 45 $139,999 $6,299,955 Total Project
C 45 $169,999 $7,649,955
Total $17,249,880 Number Average Expected Expected
Stage 4 Size of Units Price Sales Deposit
Type Fractions Sales Price Total 1 BR 120 102,499 $12,299,880 $3,074,970
A 30 $129,999 $3,899,970 2BR 180 129,999 $23,399,820 $5,849,955
B 45 $169,999 $7,649,955 3BR 180 157,499 $28,349,820 $7,087,455
C 45 $209,999 $9,449,955 480 64,049,520 16,012,380
Total $20,999,880
Total Sales $64,049,520

Sales of Phase II Fractionals

This table is the basis of revenue numbers in timeline sheet

Size Stage 1 Stage 2 Stage 3

3 Bedroom 5 5 4
2 Bedroom 4 3 4
1 Bedroom 3 4 4

Price per Fraction

3 BR 189 225 248
2 BR 129 175 193
1 BR 99 125 138
Revenue 945 1,125 990
516 525 770
297 500 550
Total by fraction 1,758 2,150 2,310
x4 x4 x4
Total 7,032 8,600 9,240
Deposit
$1,274,985
$2,362,478
$2,812,478
$6,449,940 $19,349,820

Deposit
$1,799,985
$3,487,478
$4,274,978
$9,562,440 $28,687,320

Stage 4 Total
4 18
4 15
4 15

272 233
212 177
151 128
 1,089 1,037
847 665
605 488
2,541 2,190
x4
10,164 35,036
Phase 1

Sales

Whole Ownership $17,579,952

Fractional $25,799,760
$43,379,712
Expenses

Owners of Lot 15% $6,506,957

Realtor 7% $3,036,580
Construction $8,000,000
$17,543,537

Profit - Phase 1 $25,836,175

Phase 2

Sales

Whole Ownership $24,339,952

Fractional $38,249,760
$62,589,712
Expenses

Owners of Lot 15% $9,388,457

Realtor 7% $4,381,280
Construction $20,000,000
$33,769,737

Profit - Phase 2 $28,819,975

$54,656,151 <-----
Profits from both phases