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["Version Number","Lock Worksheets:","Beta"]
[9.42,"Yes","No"]
[{"$f":"CONCATENATE(A2,\" C | © 2022\")","v":"9.42 C | © 2022"}]
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["View Options",1,1]
["Input View",null,"Show Periods"]
["Print View",null,"Show Dates"]
[]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Amortizing Rate Structure",null,null,null,"Loan Costs Amortization"]
["Summary Chart Data",null,1,2,3,4,5,6,7,8,9,10,null,"Year","Step ","Rate",null,"Year","Start","End","I/O","Amortizing","Total"]
["Net Operating Income",null,{"$f":"'Sources & Uses'!D11","v":118520.80000000002},{"$f":"'Sources & Uses'!E11","v":116681.80000000002},{"$f":"'Sources & Uses'!F11","v":88965.52027839997},{"$f":"'Sources & Uses'!G11","v":120568.41330639998},{"$f":"'Sources & Uses'!H11","v":101861.31789580006},{"$f":"'Sources & Uses'!I11","v":140118.41942460998},{"$f":"'Sources & Uses'!J11","v":142856.47701317229},{"$f":"'Sources & Uses'!K11","v":126967.13609425546},{"$f":"'Sources & Uses'!L11","v":157513.83136133914},{"$f":"'Sources & Uses'!M11","v":162539.96393366726},null,1,0,{"$f":"Loan_Amor_Rate+O11","v":4.4999999999999998E-2},null,1,1,12,{"$f":"IF($R11>Hold,0,IF(Loan_IO_Term<$S11,0,IF(Loan_IO_Term>=$T11,(Loan_IO_Fee*Loan_Amount*12)/Loan_IO_Term,(Loan_IO_Term-S11+1)*((Loan_IO_Fee*Loan_Amount)/Loan_IO_Term))))","v":0},{"$f":"IF(OR(R11>Hold,Loan_IO_Term>=T11),0,IF(T11-Loan_IO_Term<12,((Loan_Amount_Amortizing*Loan_Amor_Fee)/Loan_Amor_Term)*(T11-Loan_IO_Term),IF(T11<=SUM(Loan_IO_Term,Loan_Amor_Term),(Loan_Amount_Amortizing*Loan_Amor_Fee*12)/Loan_Amor_Term,IF(AND(SUM(Loan_IO_Term,Loan_Amor_Term)>=S11,SUM(Loan_IO_Term,Loan_Amor_Term)<T11),((Loan_Amount_Amortizing*Loan_Amor_Fee)/Loan_Amor_Term)*(SUM(Loan_IO_Term,Loan_Amor_Term)-S11+1),0))))","v":0},{"$f":"SUM(U11:V11)","v":0}]
["Debt Serivce",null,{"$f":"IF('Cash Flows'!F$82=0,NA(),'Cash Flows'!F$82)","v":92619.868678602536},{"$f":"IF('Cash Flows'!G$82=0,NA(),'Cash Flows'!G$82)","v":92619.868678602506},{"$f":"IF('Cash Flows'!H$82=0,NA(),'Cash Flows'!H$82)","v":92619.868678602506},{"$f":"IF('Cash Flows'!I$82=0,NA(),'Cash Flows'!I$82)","v":92619.868678602477},{"$f":"IF('Cash Flows'!J$82=0,NA(),'Cash Flows'!J$82)","v":92619.868678602477},{"$f":"IF('Cash Flows'!K$82=0,NA(),'Cash Flows'!K$82)","v":92619.868678602477},{"$f":"IF('Cash Flows'!L$82=0,NA(),'Cash Flows'!L$82)","v":92619.868678602477},{"$f":"IF('Cash Flows'!M$82=0,NA(),'Cash Flows'!M$82)","v":92619.868678602477},{"$f":"IF('Cash Flows'!N$82=0,NA(),'Cash Flows'!N$82)","v":92619.868678602492},{"$f":"IF('Cash Flows'!O$82=0,NA(),'Cash Flows'!O$82)","v":92619.868678602477},null,2,{"$f":"IF(MOD(N11,Loan_Amor_RateGrowthPeriod)=0,Loan_Amor_RateGrowth,0)","v":0},{"$f":"P11+O12","v":4.4999999999999998E-2},null,2,{"$f":"T11+1","v":13},{"$f":"T11+12","v":24},0,1220,{"$f":"SUM(U12:V12)","v":1220}]
["Cash Flow After Taxes",null,{"$f":"'Return Detail'!F83","v":763.13902573153609},{"$f":"'Return Detail'!G83","v":0},{"$f":"'Return Detail'!H83","v":0},{"$f":"'Return Detail'!I83","v":616.38305738327472},{"$f":"'Return Detail'!J83","v":0},{"$f":"'Return Detail'!K83","v":11874.390000764019},{"$f":"'Return Detail'!L83","v":-2517.3998652723749},{"$f":"'Return Detail'!M83","v":-28198.012927399483},{"$f":"'Return Detail'!N83","v":-24650.573962150207},{"$f":"'Return Detail'!O83","v":33088.458559253238},null,3,0,4.4999999999999998E-2,null,3,{"$f":"T12+1","v":25},{"$f":"T12+12","v":36},0,1220,1220]
["Return on Asset",null,{"$f":"IF(C10>Hold,NA(),'Return Detail'!F9/Acquisition_Unlevered)","v":5.9260400000000012E-2},{"$f":"IF(D10>Hold,NA(),'Return Detail'!G9/Acquisition_Unlevered)","v":5.8340900000000008E-2},{"$f":"IF(E10>Hold,NA(),'Return Detail'!H9/Acquisition_Unlevered)","v":2.1831601005967916E-2},{"$f":"IF(F10>Hold,NA(),'Return Detail'!I9/Acquisition_Unlevered)","v":6.0284206653199987E-2},{"$f":"IF(G10>Hold,NA(),'Return Detail'!J9/Acquisition_Unlevered)","v":2.3231492281233366E-2},{"$f":"IF(H10>Hold,NA(),'Return Detail'!K9/Acquisition_Unlevered)","v":7.005920971230499E-2},{"$f":"IF(I10>Hold,NA(),'Return Detail'!L9/Acquisition_Unlevered)","v":4.6949905173252808E-2},{"$f":"IF(J10>Hold,NA(),'Return Detail'!M9/Acquisition_Unlevered)","v":4.351440138046106E-2},{"$f":"IF(K10>Hold,NA(),'Return Detail'!N9/Acquisition_Unlevered)","v":5.1057749014002896E-2},{"$f":"IF(L10>Hold,NA(),'Return Detail'!O9/Acquisition_Unlevered)","v":8.6269981966833623E-2},null,4,0,4.4999999999999998E-2,null,4,{"$f":"T13+1","v":37},{"$f":"T13+12","v":48},0,1220,1220]
["Before Tax Cash on Cash",null,{"$f":"IF(C10>Hold,NA(),'Return Detail'!F80/Equity_Amount)","v":3.2694939814942543E-2},{"$f":"IF(D10>Hold,NA(),'Return Detail'!G80/Equity_Amount)","v":3.0373556325924655E-2},{"$f":"IF(E10>Hold,NA(),'Return Detail'!H80/Equity_Amount)","v":-6.179836741563579E-2},{"$f":"IF(F10>Hold,NA(),'Return Detail'!I80/Equity_Amount)","v":3.5279657444834002E-2},{"$f":"IF(G10>Hold,NA(),'Return Detail'!J80/Equity_Amount)","v":-5.8264180909032758E-2},{"$f":"IF(H10>Hold,NA(),'Return Detail'!K80/Equity_Amount)","v":5.9957776755879197E-2},{"$f":"IF(I10>Hold,NA(),'Return Detail'!L80/Equity_Amount)","v":1.6156799645331253E-3},{"$f":"IF(J10>Hold,NA(),'Return Detail'!M80/Equity_Amount)","v":-7.0576444302958251E-3},{"$f":"IF(K10>Hold,NA(),'Return Detail'!N80/Equity_Amount)","v":1.1986404126992312E-2},{"$f":"IF(L10>Hold,NA(),'Return Detail'!O80/Equity_Amount)","v":0.10088373548985707},null,5,0,4.4999999999999998E-2,null,5,49,60,0,1220,1220]
["After Tax Cash on Cash",null,{"$f":"IF(C10>Hold,NA(),'Return Detail'!F83/Equity_Amount)","v":9.6331611427863688E-4},{"$f":"IF(D10>Hold,NA(),'Return Detail'!G83/Equity_Amount)","v":0},{"$f":"IF(E10>Hold,NA(),'Return Detail'!H83/Equity_Amount)","v":0},{"$f":"IF(F10>Hold,NA(),'Return Detail'!I83/Equity_Amount)","v":7.7806495504074058E-4},{"$f":"IF(G10>Hold,NA(),'Return Detail'!J83/Equity_Amount)","v":0},{"$f":"IF(H10>Hold,NA(),'Return Detail'!K83/Equity_Amount)","v":1.4989131533405729E-2},{"$f":"IF(I10>Hold,NA(),'Return Detail'!L83/Equity_Amount)","v":-3.1777327256657093E-3},{"$f":"IF(J10>Hold,NA(),'Return Detail'!M83/Equity_Amount)","v":-3.5594563149961476E-2},{"$f":"IF(K10>Hold,NA(),'Return Detail'!N83/Equity_Amount)","v":-3.1116604345052017E-2},{"$f":"IF(L10>Hold,NA(),'Return Detail'!O83/Equity_Amount)","v":4.1767809340132842E-2},null,6,0,4.4999999999999998E-2,null,6,61,72,0,1220,1220]
["Pre Tax",null,{"$f":"IF(C10>Hold,NA(),'Cash Flows'!F85)","v":0.73659111824580126},{"$f":"IF(D10>Hold,NA(),'Cash Flows'!G85)","v":0.74496162348021167},{"$f":"IF(E10>Hold,NA(),'Cash Flows'!H85)","v":0.86656898312469566},{"$f":"IF(F10>Hold,NA(),'Cash Flows'!I85)","v":0.73403131043439307},{"$f":"IF(G10>Hold,NA(),'Cash Flows'!J85)","v":0.80807767884224058},{"$f":"IF(H10>Hold,NA(),'Cash Flows'!K85)","v":0.67539417415175185},{"$f":"IF(I10>Hold,NA(),'Cash Flows'!L85)","v":0.66976776765303481},{"$f":"IF(J10>Hold,NA(),'Cash Flows'!M85)","v":0.7195690007208716},{"$f":"IF(K10>Hold,NA(),'Cash Flows'!N85)","v":0.63606388018375726},{"$f":"IF(L10>Hold,NA(),'Cash Flows'!O85)","v":0.62655527382434573},null,7,0,4.4999999999999998E-2,null,7,73,84,0,1220,1220]
["After Tax",null,{"$f":"IF(C10>Hold,NA(),IFERROR(SUM('Cash Flows'!F122,'Cash Flows'!F91,'Cash Flows'!F82,'Cash Flows'!F53)/SUM('Cash Flows'!F33,'Cash Flows'!F23,'Cash Flows'!F90),\"-\"))","v":0.6221724004685325},{"$f":"IF(D10>Hold,NA(),IFERROR(SUM('Cash Flows'!G122,'Cash Flows'!G91,'Cash Flows'!G82,'Cash Flows'!G53)/SUM('Cash Flows'!G33,'Cash Flows'!G23,'Cash Flows'!G90),\"-\"))","v":0.63277735693531822},{"$f":"IF(E10>Hold,NA(),IFERROR(SUM('Cash Flows'!H122,'Cash Flows'!H91,'Cash Flows'!H82,'Cash Flows'!H53)/SUM('Cash Flows'!H33,'Cash Flows'!H23,'Cash Flows'!H90),\"-\"))","v":0.78441566793981055},{"$f":"IF(F10>Hold,NA(),IFERROR(SUM('Cash Flows'!I122,'Cash Flows'!I91,'Cash Flows'!I82,'Cash Flows'!I53)/SUM('Cash Flows'!I33,'Cash Flows'!I23,'Cash Flows'!I90),\"-\"))","v":0.61449357629124368},{"$f":"IF(G10>Hold,NA(),IFERROR(SUM('Cash Flows'!J122,'Cash Flows'!J91,'Cash Flows'!J82,'Cash Flows'!J53)/SUM('Cash Flows'!J33,'Cash Flows'!J23,'Cash Flows'!J90),\"-\"))","v":0.70539827572508429},{"$f":"IF(H10>Hold,NA(),IFERROR(SUM('Cash Flows'!K122,'Cash Flows'!K91,'Cash Flows'!K82,'Cash Flows'!K53)/SUM('Cash Flows'!K33,'Cash Flows'!K23,'Cash Flows'!K90),\"-\"))","v":0.53623598771882275},{"$f":"IF(I10>Hold,NA(),IFERROR(SUM('Cash Flows'!L122,'Cash Flows'!L91,'Cash Flows'!L82,'Cash Flows'!L53)/SUM('Cash Flows'!L33,'Cash Flows'!L23,'Cash Flows'!L90),\"-\"))","v":0.5269823200311865},{"$f":"IF(J10>Hold,NA(),IFERROR(SUM('Cash Flows'!M122,'Cash Flows'!M91,'Cash Flows'!M82,'Cash Flows'!M53)/SUM('Cash Flows'!M33,'Cash Flows'!M23,'Cash Flows'!M90),\"-\"))","v":0.58690459149667173},{"$f":"IF(K10>Hold,NA(),IFERROR(SUM('Cash Flows'!N122,'Cash Flows'!N91,'Cash Flows'!N82,'Cash Flows'!N53)/SUM('Cash Flows'!N33,'Cash Flows'!N23,'Cash Flows'!N90),\"-\"))","v":0.48048688586674831},{"$f":"IF(L10>Hold,NA(),IFERROR(SUM('Cash Flows'!O122,'Cash Flows'!O91,'Cash Flows'!O82,'Cash Flows'!O53)/SUM('Cash Flows'!O33,'Cash Flows'!O23,'Cash Flows'!O90),\"-\"))","v":0.46632193036080222},null,8,0,4.4999999999999998E-2,null,8,85,96,0,1220,1220]
["Debt Service Coverage Ratio",null,{"$f":"C11/C12","v":1.2796476791742768},1.2597923281978958,0.9605446601000549,1.3017553903556152,1.0997782586937805,1.512833276743577,1.5423955901826465,1.3708412450339402,1.7006483987568941,1.7549146446934887,null,9,0,4.4999999999999998E-2,null,9,97,108,0,1220,1220]
["LTV",null,{"$f":"IF(C10>Hold,NA(),IFERROR('Cash Flows'!F87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(D10>Hold,NA(),IFERROR('Cash Flows'!G87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(E10>Hold,NA(),IFERROR('Cash Flows'!H87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(F10>Hold,NA(),IFERROR('Cash Flows'!I87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(G10>Hold,NA(),IFERROR('Cash Flows'!J87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(H10>Hold,NA(),IFERROR('Cash Flows'!K87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(I10>Hold,NA(),IFERROR('Cash Flows'!L87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(J10>Hold,NA(),IFERROR('Cash Flows'!M87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(K10>Hold,NA(),IFERROR('Cash Flows'!N87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},{"$f":"IF(L10>Hold,NA(),IFERROR('Cash Flows'!O87/'Cash Flows'!#REF!,NA()))","v":{"$error":"#N/A"}},null,10,0,4.4999999999999998E-2,null,10,109,120,0,1220,1220]
["Debt Yield",null,{"$f":"IF(C10>Hold,NA(),IFERROR('Cash Flows'!F63/'Cash Flows'!F87,NA()))","v":1.2796476791742768},{"$f":"IF(D10>Hold,NA(),IFERROR('Cash Flows'!G63/'Cash Flows'!G87,NA()))","v":1.2597923281978958},{"$f":"IF(E10>Hold,NA(),IFERROR('Cash Flows'!H63/'Cash Flows'!H87,NA()))","v":0.9605446601000549},{"$f":"IF(F10>Hold,NA(),IFERROR('Cash Flows'!I63/'Cash Flows'!I87,NA()))","v":1.3017553903556152},{"$f":"IF(G10>Hold,NA(),IFERROR('Cash Flows'!J63/'Cash Flows'!J87,NA()))","v":1.0997782586937805},{"$f":"IF(H10>Hold,NA(),IFERROR('Cash Flows'!K63/'Cash Flows'!K87,NA()))","v":1.512833276743577},{"$f":"IF(I10>Hold,NA(),IFERROR('Cash Flows'!L63/'Cash Flows'!L87,NA()))","v":1.5423955901826465},{"$f":"IF(J10>Hold,NA(),IFERROR('Cash Flows'!M63/'Cash Flows'!M87,NA()))","v":1.3708412450339402},{"$f":"IF(K10>Hold,NA(),IFERROR('Cash Flows'!N63/'Cash Flows'!N87,NA()))","v":1.7006483987568941},{"$f":"IF(L10>Hold,NA(),IFERROR('Cash Flows'!O63/'Cash Flows'!O87,NA()))","v":1.7549146446934887}]
[]
[]
[]
["Rent Roll Analysis",null,null,null,null,null,"I/O Loan Sizing"]
["Status","Status",null,"SF","% SF",null,"Loan IO Term",{"$f":"Loan_IO_Term","v":12}]
["Vacant","Vacant",null,null,null,null,"At Maturity",{"$f":"Loan_IO_AtMaturity","v":"Resize Loan Amount"}]
["Non-Rentable","Non-Rentable",null,null,null,null,{"$f":"\"NOI in Year \"&Loan_IO_Year","v":"NOI in Year 2"},{"$f":"HLOOKUP(Loan_IO_Year,$C$10:$L$11,2,FALSE)","v":116681.80000000002}]
["MTM","MTM",null,null,null,null,"DSCR",{"$f":"Loan_IO_DSCR","v":1.25}]
["Expired","Expired",null,null,null,null,"Max DS based on NOI",{"$f":"H28/H29","v":93345.440000000017}]
[1,{"$f":"YEAR(Analysis_Begin)","v":2022},null,null,null,null,"Max Loan Based on DSCR",{"$f":"PV(Loan_Amor_Rate/12,Loan_Amortization,-H30/12)","v":1229557.3123211309}]
[2,{"$f":"B31+1","v":2023},null,null,null,null,{"$f":"\"Value based on \"&Loan_IO_Cap*100&\"% Cap\"","v":"Value based on 6.5% Cap"},{"$f":"IFERROR((H28/Loan_IO_Cap),0)","v":1795104.6153846155}]
[3,2024,null,null,null,null,{"$f":"\"Max Loan based on \"&Loan_IO_LTV*100&\"% LTV\"","v":"Max Loan based on 75% LTV"},{"$f":"H32*Loan_IO_LTV","v":1346328.4615384615}]
[4,2025,null,null,null,null,"Amortizing Loan Amount (Rounded)",{"$f":"ROUND(MIN(H31,H33),-3)","v":1230000}]
[5,2026]
[6,2027]
[7,2028]
[8,2029]
[9,2030]
[10,2031]
[]
[]
["IRR Analysis Chart"]
["Project Level","Unleveraged",{"$f":"'Return Detail'!$C$17","v":7.599765918980661E-2}]
[null,"Leveraged",{"$f":"'Return Detail'!$C$42","v":0.10295200706440744}]
[null,"Leveraged After Tax",{"$f":"'Return Detail'!$C$91","v":8.5709155488001842E-2}]
[]
[]
[]
[]
[null,"Project Level IRR Sensitivity"]
[null,null,null,null,1,2,3,4,5,6,7,8,9,10,11]
[null,"Net Operating Income",null,null,{"$f":"'Cash Flows'!F$63","v":118520.80000000002},{"$f":"'Cash Flows'!G$63","v":116681.80000000002},{"$f":"'Cash Flows'!H$63","v":88965.52027839997},{"$f":"'Cash Flows'!I$63","v":120568.41330639998},{"$f":"'Cash Flows'!J$63","v":101861.31789580006},{"$f":"'Cash Flows'!K$63","v":140118.41942460998},{"$f":"'Cash Flows'!L$63","v":142856.47701317229},{"$f":"'Cash Flows'!M$63","v":126967.13609425546},{"$f":"'Cash Flows'!N$63","v":157513.83136133914},{"$f":"'Cash Flows'!O$63","v":162539.96393366726},{"$f":"'Cash Flows'!P$63","v":167711.49824700528}]
[null,"Refinance Proceeds",null,null,{"$f":"'Return Detail'!F26","v":0},{"$f":"'Return Detail'!G26","v":0},{"$f":"'Return Detail'!H26","v":0},{"$f":"'Return Detail'!I26","v":0},{"$f":"'Return Detail'!J26","v":0},{"$f":"'Return Detail'!K26","v":0},{"$f":"'Return Detail'!L26","v":0},{"$f":"'Return Detail'!M26","v":0},{"$f":"'Return Detail'!N26","v":0},{"$f":"'Return Detail'!O26","v":0},{"$f":"'Return Detail'!P26","v":0}]
[null,"Less: Debt Service",null,null,{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((E$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((E$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602506},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((F$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((F$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602506},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((G$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((G$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602506},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((H$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((H$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602492},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((I$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((I$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602492},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((J$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((J$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602492},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((K$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((K$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602492},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((L$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((L$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602492},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((M$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((M$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602506},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((N$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((N$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":-92619.868678602492},{"$f":"SUM(IF('Loan Amortization'!$B$51:$B$170>((O$52-1)*12),IF('Loan Amortization'!$B$51:$B$170<=((O$52*12)),'Loan Amortization'!$I$51:$I$170,0),0))*-1","v":0}]
[null,"Add: Interest Paid from Budget",null,null,{"$f":"'Cash Flows'!F$81*-1","v":0},{"$f":"'Cash Flows'!G$81*-1","v":0},{"$f":"'Cash Flows'!H$81*-1","v":0},{"$f":"'Cash Flows'!I$81*-1","v":0},{"$f":"'Cash Flows'!J$81*-1","v":0},{"$f":"'Cash Flows'!K$81*-1","v":0},{"$f":"'Cash Flows'!L$81*-1","v":0},{"$f":"'Cash Flows'!M$81*-1","v":0},{"$f":"'Cash Flows'!N$81*-1","v":0},{"$f":"'Cash Flows'!O$81*-1","v":0},{"$f":"'Cash Flows'!P$81*-1","v":0}]
[null,"Cash Flow After Debt Service",null,null,{"$f":"SUM(E53:E56)","v":25900.931321397511},24061.931321397511,-3654.3484002025361,27948.544627797484,9241.4492171975726,47498.550746007488,50236.608334569799,34347.267415652968,64893.96268273663,69920.095255064763,167711.49824700528]
[null,"Less: Mortgage Origination Fee",null,null,{"$f":"'Return Detail'!F28","v":0},{"$f":"'Return Detail'!G28","v":0},{"$f":"'Return Detail'!H28","v":0},{"$f":"'Return Detail'!I28","v":0},{"$f":"'Return Detail'!J28","v":0},{"$f":"'Return Detail'!K28","v":0},{"$f":"'Return Detail'!L28","v":0},{"$f":"'Return Detail'!M28","v":0},{"$f":"'Return Detail'!N28","v":0},{"$f":"'Return Detail'!O28","v":0},{"$f":"'Return Detail'!P28","v":0}]
[null,"Less: Capital Expenses",null,null,{"$f":"-'Cash Flows'!F$105","v":0},{"$f":"-'Cash Flows'!G$105","v":0},{"$f":"-'Cash Flows'!H$105","v":-48956.666666666672},{"$f":"-'Cash Flows'!I$105","v":0},{"$f":"-'Cash Flows'!J$105","v":-55398.333333333336},{"$f":"-'Cash Flows'!K$105","v":0},{"$f":"-'Cash Flows'!L$105","v":-48956.666666666672},{"$f":"-'Cash Flows'!M$105","v":-39938.333333333336},{"$f":"-'Cash Flows'!N$105","v":-55398.333333333336},{"$f":"-'Cash Flows'!O$105","v":0},{"$f":"-'Cash Flows'!P$105","v":0}]
[null,"Other Non-Regular Income",null,null,{"$f":"'Cash Flows'!F108","v":0},{"$f":"'Cash Flows'!G108","v":0},{"$f":"'Cash Flows'!H108","v":0},{"$f":"'Cash Flows'!I108","v":0},{"$f":"'Cash Flows'!J108","v":0},{"$f":"'Cash Flows'!K108","v":0},{"$f":"'Cash Flows'!L108","v":0},{"$f":"'Cash Flows'!M108","v":0},{"$f":"'Cash Flows'!N108","v":0},{"$f":"'Cash Flows'!O108","v":0},{"$f":"'Cash Flows'!P108","v":0}]
[null,"Distributable Cash Flow",null,null,{"$f":"SUM(E57:E60)","v":25900.931321397511},{"$f":"SUM(F57:F60)","v":24061.931321397511},-52611.015066869208,27948.544627797484,-46156.884116135763,47498.550746007488,1279.9416679031274,-5591.0659176803674,9495.6293494032943,69920.095255064763,167711.49824700528]
[]
[null,"Reversion Cash Flow",null,null,{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!G55/Exit_Rate,FV(Exit_Rate,E52,0,-Acquisition_Gross))","v":1948950.7692307695},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!H55/Exit_Rate,FV(Exit_Rate,F52,0,-Acquisition_Gross))","v":1522546.4658215379},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!I55/Exit_Rate,FV(Exit_Rate,G52,0,-Acquisition_Gross))","v":2008744.8200984611},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!J55/Exit_Rate,FV(Exit_Rate,H52,0,-Acquisition_Gross))","v":1720943.3522430779},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!K55/Exit_Rate,FV(Exit_Rate,I52,0,-Acquisition_Gross))","v":2309514.1449939995},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!L55/Exit_Rate,FV(Exit_Rate,J52,0,-Acquisition_Gross))","v":2351638.1078949585},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!M55/Exit_Rate,FV(Exit_Rate,K52,0,-Acquisition_Gross))","v":2107186.7091423916},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!N55/Exit_Rate,FV(Exit_Rate,L52,0,-Acquisition_Gross))","v":2577135.8670975249},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!O55/Exit_Rate,FV(Exit_Rate,M52,0,-Acquisition_Gross))","v":2654460.9835948809},{"$f":"IF(Disposition=\"Cap Rate\",'Cash Flows'!P55/Exit_Rate,FV(Exit_Rate,N52,0,-Acquisition_Gross))","v":2734023.0499539273}]
[null,"Less: Cost of Sale",null,null,{"$f":"E63*Sale_Cost*-1","v":-19489.507692307696},-15225.46465821538,-20087.448200984611,-17209.43352243078,-23095.141449939994,-23516.381078949584,-21071.867091423916,-25771.358670975249,-26544.60983594881,-27340.230499539273]
[null,"Less: Mortgage Exit Fee",null,null,{"$f":"E66*Loan_Exit_Fee","v":0},0,0,0,0,0,0,0,0,0]
[null,"Less: Mortgage Balance",null,null,{"$f":"-VLOOKUP(E52*12,Amortization_Schedule_Monthly,8,FALSE)","v":-7718.3223898835422},-7718.3223898835404,-7718.3223898835404,-7718.3223898835395,-7718.3223898835395,-7718.3223898835395,-7718.3223898835404,-7718.3223898835413,-7718.3223898835404,-7718.3223898835413]
[null,"Return of Reserve Funds",null,null,{"$f":"'Cash Flows'!F$155","v":110000},{"$f":"'Cash Flows'!G$155","v":119415.04796148444},{"$f":"'Cash Flows'!H$155","v":61210.241121062296},{"$f":"'Cash Flows'!I$155","v":71210.241121062296},{"$f":"'Cash Flows'!J$155","v":13560.203918200437},{"$f":"'Cash Flows'!K$155","v":23560.203918200437},{"$f":"'Cash Flows'!L$155","v":0},{"$f":"'Cash Flows'!M$155","v":0},{"$f":"'Cash Flows'!N$155","v":0},{"$f":"'Cash Flows'!O$155","v":10000},{"$f":"'Cash Flows'!P$155","v":0}]
[null,"Reversion Balance",null,{"$f":"-Equity_Amount","v":-792200},{"$f":"SUM(E63:E67)","v":2031742.9391485783},{"$f":"SUM(F63:F67)","v":1619017.7267349234},2042149.2906286553,1767225.8374518261,2292260.8850723766,2343963.6083443258,2078396.5196610843,2543646.1860366664,2620198.0513690487,2708964.4970645048]
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[" "]

{"sheet":"Intro","index":1,"n_rows":3,"n_cols":1,"rows_kept":3,"cut":false,"hidden":false,"merged":[[31,2,31,8]]}
[]
[9.42]
[{"$f":"CONCATENATE(A2,\" C | © 2022\")","v":"9.42 C | © 2022"}]

{"sheet":"Assumptions","index":2,"n_rows":57,"n_cols":8,"rows_kept":57,"cut":false,"hidden":false,"merged":[[1,1,1,7],[30,1,30,3],[36,5,36,7],[50,1,50,3],[56,5,56,7],[54,5,54,7],[55,5,55,7],[36,1,36,3],[3,1,3,7]]}
[]
[null,{"$f":"Project_Name","v":"New Commercial Model"}]
[]
[null,"Project Assumptions"]
[]
[null,"Property Information",null,null,null,"Acquisition Assumptions"]
[null,"Property Name",null,"New Commercial Model",null,"Project Type",null,"Acquisition"]
[null,"Location",null,null,null,{"$f":"IF(Project_Type=\"Acquisition\",\"Acquisition Cost\",\"Land Cost\")","v":"Acquisition Cost"},null,1800000]
[null,"Property Use",null,"Commercial",null,{"$f":"IF(Project_Type=\"Acquisition\",\"Other Costs\",\"Hard Costs\")","v":"Other Costs"},null,100000]
[null,"Square Feet",null,11200,null,{"$f":"IF(Project_Type=\"Acquisition\",\"-\",\"Soft Costs\")","v":"-"},null,0]
[null,"Analysis Year Begin",null,"2022-01-01",null,{"$f":"IF(Project_Type=\"Acquisition\",\"Acquisition Cost\",\"Development Cost\")","v":"Acquisition Cost"},null,{"$f":"SUM(H8:H10)","v":1900000}]
[null,"Annual Inflation Rate",null,0.03,null,"Due Diligence/Closing Costs",0,{"$f":"Acquisition_Gross*G12","v":0}]
[null,"Unit of Measure",null,"Square Feet",null,"Reserve Account Initial Deposits"]
[null,"Currency",null,"Dollar",null,"Operating Reserve Account ",null,100000]
[null,null,null,null,null,"Cap Ex Reserve Account",null,0]
[null,null,null,null,null,"TI/LC Reserve Account",null,0]
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[null,null,null,null,null,"Initial Loan Origination Fee",{"$f":"IF(Loan_IO_Approval=\"Yes\",Loan_IO_Fee,Loan_Amor_Fee)","v":0.01},{"$f":"Loan_Fee_Rate*Loan_Amount","v":12200}]
[null,null,null,null,null,{"$f":"IF(Project_Type=\"Acquisition\",\"Leveraged Acquisition Cost\",\"Leveraged Development Cost\")","v":"Leveraged Acquisition Cost"},null,{"$f":"SUM(H17:H18)","v":2012200}]
[]
[]
[null,"Capital Structure",null,null,null,"Tax Assumptions"]
[null,{"$f":"IF(Project_Type=\"Acquisition\",\"Debt: (LTV)\",\"Debt: (LTC)\")","v":"Debt: (LTV)"},0.61,{"$f":"C23*Acquisition_Unlevered","v":1220000},null,"Ordinary Income Marginal Tax Rate",null,0.35]
[null,"Equity",null,{"$f":"Acquisition_Levered-Loan_Amount","v":792200},null,"Capital Gains Tax Rate",null,0.2]
[null,"Total",null,{"$f":"SUM(D23:D24)","v":2012200},null,"Cost Recovery Recapture Tax Rate",null,0.25]
[]
[null,"Desired Equity Return (Discount Rate)",null,0.1,null,"Cost Recovery Assumptions"]
[null,"Developer Equity",0.1,{"$f":"Equity_Amount*Contribution_Developer","v":79220},null,"Assessed Value of Land",null,{"$f":"1-Assessed_Value_Prop","v":0.94736842105263153}]
[null,"JV Partner Preferred Equity",{"$f":"1-C28","v":0.9},{"$f":"Equity_Amount*Contribution_JV","v":712980},null,"Assessed Value of Improvements",null,{"$f":"IFERROR(1-(H8/Acquisition_Gross),0)","v":5.2631578947368474E-2}]
[null,"Total Equity",{"$f":"SUM(C28:C29)","v":1},{"$f":"SUM(D28:D29)","v":792200},null,"Cost Recovery Method",null,"Straight Line"]
[null,{"$f":"IF(Contribution_Developer<1,\"Please refer to the Equity Investor Returns worksheet for waterfall information.\",\"\")","v":"Please refer to the Equity Investor Returns worksheet for waterfall information."},null,null,null,"Useful Life",null,39]
[null,null,null,null,null,"C.R. 1st & Last Years (11.5 months)",null,{"$f":"ROUND(H33/12*11.5,5)","v":2.4570000000000002E-2}]
[null,null,null,null,null,"C.R. Interim Years (12 Months)",null,{"$f":"ROUND(1/Useful_Life,5)","v":2.564E-2}]
[]
[]
[null,"Debt Structure Assumptions"]
[null,"Interest Only Period",null,null,null,"Amortizing Debt Service"]
[null,"Will there be an interest only period?",null,"No",null,"Amortization Type",null,"American"]
[null,"Loan Amount",null,{"$f":"Loan_Amount","v":1220000},null,"Amortizing Loan Amount",null,{"$f":"IF(OR(Loan_IO_Approval=\"no\",Loan_IO_AtMaturity=\"Amortize Loan Balance\"),Loan_Amount,Settings!H34)","v":1220000}]
[null,"Interest Expense",null,"Included in Budget",null,"Term (Months)",null,120]
[null,"Interest Amount Included in Budget",null,0,null,"Amortization (Months)",null,240]
[null,"Term (Months)",null,12,null,"Start Rate",null,4.4999999999999998E-2]
[null,"Rate",null,0,null,"Origination Fee",null,0.01]
[null,"Origination Fee",null,0,null,"Initial Interest Only Period","No",0]
[null,"Funding Status",null,"Fund Up",null,"Exit Fee",null,0]
[null,"Fully Funded by Month:",null,{"$f":"Loan_IO_Term","v":12},null,"Rate Type",null,"Fixed"]
[null,"Action at Maturity:",null,"Resize Loan Amount",null,"Grow Rate",0,1]
[null,"Minimum DSCR",null,1.25]
[null,"Maximum LTV",null,0.75]
[null,"Based on Cap Rate of",{"$f":"Exit_Rate","v":6.5000000000000002E-2},{"$f":"ROUND(Loan_IO_Term/12,0)+1","v":2}]
[null,{"$f":"IFERROR(IF(Settings!H33=MIN(Settings!H31,Settings!H33),\"Loan is limited based on LTV.\",\"Loan is limited based on DSCR.\"),\"\")","v":"Loan is limited based on DSCR."}]
[]
[null,"Sale Assumptions"]
[null,"Year of Sale",null,10]
[null,"Terminal Value Calculation Method",null,"Cap Rate",null,"www.realpropmetrics.com"]
[null,"Cost of Sale",null,0.01,null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"IF(Disposition=\"Cap Rate\",\"Exit Cap Rate\",IF(Disposition=\"Annual Growth Rate\",\"Annual Growth Rate\",\"Sale Price\"))","v":"Exit Cap Rate"},null,6.5000000000000002E-2,null,{"$f":"TODAY()","v":"2022-02-23"}]

{"sheet":"Rent Roll","index":3,"n_rows":14,"n_cols":12,"rows_kept":14,"cut":false,"hidden":false,"merged":[[2,1,2,16]]}
[]
[]
[null,{"$f":"Project_Name&\" - Rent Roll\"","v":"New Commercial Model - Rent Roll"}]
[null,"Total Square Feet",null,{"$f":"Size_Total","v":11200},{"$f":"D4/Size_Total","v":1}]
[null,{"$f":"\"Current Leased (As of \"&TEXT(Analysis_Begin,\"mmm yyyy\")&\")\"","v":"Current Leased (As of Jan 2022)"},null,{"$f":"'Rent Roll Summary'!D43","v":11200},{"$f":"D5/Size_Total","v":1}]
[null,"Vacant",null,{"$f":"SUM('Rent Roll Summary'!$F$43,'Rent Roll Summary'!$M$43)","v":0},{"$f":"D6/Size_Total","v":0}]
[]
[]
[null,"Suite","Tenant","Square Feet","% SF","Status","Lease Start","Lease Expiration","Total Months","Rent PSF","Monthly Rent","Annual Rent"]
[null,100,"Example Tenant 1",4300,{"$f":"Rent_Roll[[#This Row],[Square Feet]]/Size_Total","v":0.38392857142857145},"Current","1993-07-01","2025-12-31",{"$f":"IFERROR(ROUND(YEARFRAC(G10,H10,1)*12,0),\"-\")","v":390},18,{"$f":"L10/12","v":6450},{"$f":"J10*D10","v":77400}]
[null,200,"Example Tenant 2",3800,{"$f":"Rent_Roll[[#This Row],[Square Feet]]/Size_Total","v":0.3392857142857143},"Current","1999-07-01","2017-12-31",{"$f":"IFERROR(ROUND(YEARFRAC(G11,H11,1)*12,0),\"-\")","v":222},19.25,{"$f":"L11/12","v":6095.833333333333},{"$f":"J11*D11","v":73150}]
[null,200,"Example Tenant 2",3800,{"$f":"Rent_Roll[[#This Row],[Square Feet]]/Size_Total","v":0.3392857142857143},"Current","2018-01-01","2023-12-31",72,19.5,6175,74100]
[null,300,"Example Tenant 3",3100,{"$f":"Rent_Roll[[#This Row],[Square Feet]]/Size_Total","v":0.2767857142857143},"Current","2017-01-01","2019-12-31",36,20,5166.666666666667,62000]
[null,300,"Example Tenant 3",3100,{"$f":"Rent_Roll[[#This Row],[Square Feet]]/Size_Total","v":0.2767857142857143},"Current","2020-01-01","2028-12-31",108,22,5683.333333333333,68200]

{"sheet":"Leasing Costs Calculator","index":4,"n_rows":74,"n_cols":20,"rows_kept":74,"cut":false,"hidden":false,"merged":[[32,2,32,8],[2,2,2,8],[3,13,3,19],[4,2,4,6],[6,2,6,3],[7,2,7,3],[8,2,8,3],[10,2,10,3],[13,2,13,3],[14,2,14,3],[16,2,16,5],[18,13,18,19],[73,2,73,8],[33,13,33,19],[44,2,44,8],[49,2,49,8],[55,2,55,8],[71,2,71,8],[72,2,72,8]]}
[]
[]
[null,null,"Annual Leasing Costs"]
[null,null,null,null,null,null,null,null,null,null,null,null,null,"Current Rent Roll Expirations"]
[null,null,"Cost Assumptions",null,null,null,null,null,null,null,null,null,null,"Period","Year","Square Feet","%","TI Expense","LC Expense","Concessions"]
[null,null,null,null,"New Tenant","Renewal","Weighted Avg",null,null,null,null,null,null,1,{"$f":"YEAR(Analysis_Begin)","v":2022},{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N6-1)*12,0,12,1))","v":0},{"$f":"P6/Size_Total","v":0},{"$f":"P6*$I$43","v":0},{"$f":"P6*$I$49","v":0},{"$f":"P6*$I$54","v":0}]
[null,null,"Renewal Probability",null,0.25,{"$f":"1-E7","v":0.75},{"$f":"SUM(E7:F7)","v":1},null,null,null,null,null,null,2,{"$f":"O6+1","v":2023},{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N7-1)*12,0,12,1))","v":0},{"$f":"P7/Size_Total","v":0},0,0,0]
[null,null,"Avg. Annual Rental Rate PSF",null,20,20,{"$f":"SUMPRODUCT($E$7:$F$7,E8:F8)","v":20},null,null,null,null,null,null,3,2024,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N8-1)*12,0,12,1))","v":3800},{"$f":"P8/Size_Total","v":0.3392857142857143},36416.666666666672,12540,1583.3333333333333]
[null,null,"Average Lease Term",null,5,3,{"$f":"SUMPRODUCT($E$7:$F$7,E9:F9)","v":3.5},null,null,null,null,null,null,4,2025,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N9-1)*12,0,12,1))","v":0},{"$f":"P9/Size_Total","v":0},0,0,0]
[null,null,"Tenant Improvements",null,null,null,null,null,null,null,null,null,null,5,2026,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N10-1)*12,0,12,1))","v":4300},{"$f":"P10/Size_Total","v":0.38392857142857145},41208.333333333336,14190,1791.6666666666665]
[null,null,"Tenant Improvement Costs",null,20,5,{"$f":"SUMPRODUCT($E$7:$F$7,E11:F11)","v":8.75},null,null,null,null,null,null,6,2027,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N11-1)*12,0,12,1))","v":0},{"$f":"P11/Size_Total","v":0},0,0,0]
[null,null,"Months Lost to TI",null,2,0,0.5,null,null,null,null,null,null,7,2028,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N12-1)*12,0,12,1))","v":0},{"$f":"P12/Size_Total","v":0},0,0,0]
[null,null,"Leasing Cost Assumptions",null,null,null,null,null,null,null,null,null,null,8,2029,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N13-1)*12,0,12,1))","v":3100},{"$f":"P13/Size_Total","v":0.2767857142857143},29708.333333333336,10230,1291.6666666666665]
[null,null,"Leasing Commissions",null,0.06,0.04,{"$f":"SUMPRODUCT($E$7:$F$7,E14:F14)","v":4.4999999999999998E-2},null,null,null,null,null,null,9,2030,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N14-1)*12,0,12,1))","v":0},{"$f":"P14/Size_Total","v":0},0,0,0]
[null,null,"Months Free Rent",null,1,0,0.25,null,null,null,null,null,null,10,2031,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N15-1)*12,0,12,1))","v":0},{"$f":"P15/Size_Total","v":0},0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,11,2032,{"$f":"SUM(OFFSET('Rent Roll Summary'!$I$43,(N16-1)*12,0,12,1))","v":0},{"$f":"P16/Size_Total","v":0},0,0,0]
[null,null,"Vacant Space Leasing"]
[null,null,"Current Vacant Space",null,null,{"$f":"'Rent Roll Summary'!$F$43","v":0}]
[null,null,"Less: Stabilized Vacancy",null,null,0.1,{"$f":"Size_Total*-F19","v":-1120},null,null,null,null,null,null,"Current Vacant Space"]
[null,null,"Leasable Vacant Space (Stabilized)",null,null,{"$f":"IF(F18<(Size_Total*F19),0,F18-(Size_Total*F19))","v":0},null,null,null,null,null,null,null,"Period","Year","Square Feet","%","TI Expense","LC Expense","Concessions"]
[null,null,"Annual Periods to Lease Up",null,null,2,null,null,null,null,null,null,null,1,{"$f":"YEAR(Analysis_Begin)","v":2022},{"$f":"IF(N21>$F$21,0,$F$22)","v":0},{"$f":"P21/Size_Total","v":0},{"$f":"P21*$E$11","v":0},{"$f":"P21*$G$47","v":0},{"$f":"P21*$G$52","v":0}]
[null,null,"Space leased per period",null,null,{"$f":"IFERROR(F20/F21,0)","v":0},null,null,null,null,null,null,null,2,{"$f":"O21+1","v":2023},0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,3,{"$f":"O22+1","v":2024},0,0,0,0,0]
[null,null,"Cap Ex Reserve",null,null,null,"Leasing Reserve",null,null,null,null,null,null,4,2025,0,0,0,0,0]
[null,null,"CapEx Reserve Required?",null,"No",null,"Leasing Reserve Required?",null,"No",null,null,null,null,5,2026,0,0,0,0,0]
[null,null,"Reserve Base ",null,"$ Per Square Feet",null,"Reserve Base ",null,"$ Per Square Feet",null,null,null,null,6,2027,0,0,0,0,0]
[null,null,{"$f":"IF(E26=\"$ Amount Annually\",\"$ Amount per Yr.\",\"$ PSF Annually\")","v":"$ PSF Annually"},null,0,null,{"$f":"IF(I26=\"$ Amount Annually\",\"$ Amount per Yr.\",\"$ PSF Annually\")","v":"$ PSF Annually"},null,1,null,null,null,null,7,2028,0,0,0,0,0]
[null,null,"Annual Reserve",null,{"$f":"IF(E26=\"$ Amount Annually\",E27,E27*Size_Total)","v":0},null,"Annual Reserve",null,{"$f":"IF(I26=\"$ Amount Annually\",I27,I27*Size_Total)","v":11200},null,null,null,null,8,2029,0,0,0,0,0]
[null,null,"Is there a Reserve Cap",null,"Yes",null,"Is there a Reserve Cap",null,"No",null,null,null,null,9,2030,0,0,0,0,0]
[null,null,"Reserve Cap Amount",null,{"$f":"Reserve_CapEx*10","v":0},null,"Reserve Cap Amount",null,{"$f":"Reserve_Leasing*2","v":22400},null,null,null,null,10,2031,0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,11,2032,0,0,0,0,0]
[]
[null,null,"Average Tenant Improvement Cost ($ PSF)"]
[null,null,null,null,"$",null,null,"Probability","Blended",null,null,null,null,"Current Rent Roll & Vacant 2nd Generation Rollover"]
[null,null,"New Tenant",null,{"$f":"E11","v":20},null,null,{"$f":"$E$7","v":0.25},{"$f":"H35*E35","v":5},null,null,null,null,"Period","Year","Square Feet","%","TI Expense","LC Expense","Concessions"]
[null,null,"Renewal",null,{"$f":"F11","v":5},null,null,{"$f":"$F$7","v":0.75},{"$f":"H36*E36","v":3.75},null,null,null,null,1,{"$f":"YEAR(Analysis_Begin)","v":2022},{"$f":"IF(N36-ROUND($G$9,0)<1,0,INDEX($N$6:$T$16,N36-ROUND($G$9,0),3)+INDEX($N$21:$T$31,N36-ROUND($G$9,0),3)+INDEX($N$36:$T$46,N36-ROUND($G$9,0),3))","v":0},{"$f":"P36/Size_Total","v":0},{"$f":"P36*$I$43","v":0},{"$f":"P36*$I$49","v":0},{"$f":"P36*$I$54","v":0}]
[null,null,null,null,null,null,null,null,{"$f":"SUM(I35:I36)","v":8.75},null,null,null,null,2,{"$f":"O36+1","v":2023},0,0,{"$f":"P37*$I$43","v":0},{"$f":"P37*$I$49","v":0},{"$f":"P37*$I$54","v":0}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,3,{"$f":"O37+1","v":2024},0,0,0,0,0]
[null,null,null,null,"Months","Year Equiv.","Lost Rent PSF","Probability","Blended",null,null,null,null,4,2025,0,0,0,0,0]
[null,null,"New Tenant",null,{"$f":"E12","v":2},{"$f":"E40/12","v":0.16666666666666666},{"$f":"F40*$E$8","v":3.333333333333333},{"$f":"$E$7","v":0.25},{"$f":"G40*H40","v":0.83333333333333326},null,null,null,null,5,2026,0,0,0,0,0]
[null,null,"Renewal",null,{"$f":"F12","v":0},{"$f":"E41/12","v":0},{"$f":"F41*$F$8","v":0},{"$f":"$F$7","v":0.75},{"$f":"G41*H41","v":0},null,null,null,null,6,2027,0,0,0,0,0]
[null,null,null,null,null,null,null,null,{"$f":"SUM(I40:I41)","v":0.83333333333333326},null,null,null,null,7,2028,3800,0.3392857142857143,36416.666666666672,12540,1583.3333333333333]
[null,null,null,null,"Total Average Tenant Improvement Costs",null,null,null,{"$f":"SUM(I37,I42)","v":9.5833333333333339},null,null,null,null,8,2029,0,0,0,0,0]
[null,null,null,null,null,null,null,null,null,null,null,null,null,9,2030,4300,0.38392857142857145,41208.333333333336,14190,1791.6666666666665]
[null,null,"Average Leasing Commissions Cost ($ PSF)",null,null,null,null,null,null,null,null,null,null,10,2031,0,0,0,0,0]
[null,null,null,null,"%","Lease Value","Commis $/SF","Probability","Blended",null,null,null,null,11,2032,3800,0.3392857142857143,36416.666666666672,12540,1583.3333333333333]
[null,null,"New Tenant",null,{"$f":"E14","v":0.06},{"$f":"$E$8*$E$9","v":100},{"$f":"F47*E47","v":6},{"$f":"$E$7","v":0.25},{"$f":"H47*G47","v":1.5}]
[null,null,"Renewal",null,{"$f":"F14","v":0.04},{"$f":"$F$8*$F$9","v":60},{"$f":"F48*E48","v":2.4},{"$f":"$F$7","v":0.75},{"$f":"H48*G48","v":1.7999999999999998}]
[null,null,null,null,null,null,null,null,{"$f":"SUM(I47:I48)","v":3.3}]
[null,null,"Concessions (Free Rent | $ PSF)"]
[null,null,null,null,"Months","Year Equiv.","Lost Rent PSF","Probability","Blended"]
[null,null,"New Tenant",null,{"$f":"E15","v":1},{"$f":"E52/12","v":8.3333333333333329E-2},{"$f":"F52*$E$8","v":1.6666666666666665},{"$f":"$E$7","v":0.25},{"$f":"H52*G52","v":0.41666666666666663}]
[null,null,"Renewal",null,{"$f":"F15","v":0},{"$f":"E53/12","v":0},{"$f":"F53*$F$8","v":0},{"$f":"$F$7","v":0.75},{"$f":"H53*G53","v":0}]
[null,null,null,null,null,null,null,null,{"$f":"SUM(I52:I53)","v":0.41666666666666663}]
[]
[null,null,"Aggregate Leasing Costs per Period"]
[null,null,"Period","Year","Square Feet","%","TI Expense","LC Expense","Concessions"]
[null,null,1,{"$f":"YEAR(Analysis_Begin)","v":2022},{"$f":"SUM(P6,P21,P36)","v":0},{"$f":"IFERROR(E58/Size_Total,\"-\")","v":0},{"$f":"SUM(R6,R21,R36)","v":0},0,0]
[null,null,2,{"$f":"D58+1","v":2023},0,0,0,0,0]
[null,null,3,{"$f":"D59+1","v":2024},3800,0.3392857142857143,36416.666666666672,12540,1583.3333333333333]
[null,null,4,2025,0,0,0,0,0]
[null,null,5,2026,4300,0.38392857142857145,41208.333333333336,14190,1791.6666666666665]
[null,null,6,2027,0,0,0,0,0]
[null,null,7,2028,3800,0.3392857142857143,36416.666666666672,12540,1583.3333333333333]
[null,null,8,2029,3100,0.2767857142857143,29708.333333333336,10230,1291.6666666666665]
[null,null,9,2030,4300,0.38392857142857145,41208.333333333336,14190,1791.6666666666665]
[null,null,10,2031,0,0,0,0,0]
[null,null,11,2032,3800,0.3392857142857143,36416.666666666672,12540,1583.3333333333333]
[null,null,"*Amounts shown on Cash Flows will be grossed up for inflation."]
[]
[]
[null,null,"www.realpropmetrics.com"]
[null,null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,null,{"$f":"TODAY()","v":"2022-02-23"}]

{"sheet":"Rent Roll Summary","index":5,"n_rows":174,"n_cols":12,"rows_kept":174,"cut":false,"hidden":false,"merged":[[40,1,40,11],[4,1,4,10],[2,1,2,10]]}
[]
[]
[null,{"$f":"Project_Name&\" Rent Roll Summary\"","v":"New Commercial Model Rent Roll Summary"}]
[]
[null,"Annual Summary"]
[null,"Period","Year","Occupied SF","Vacancy","Occupied Rent","Vacant Rent","Avg Rent PSF","Concessions","Tenant Improvements","Leasing Commissions","Vacancy Change"]
[null,1,{"$f":"RPMDateSpan(B7,1)","v":"Jan 22 - Dec 22"},{"$f":"AVERAGE(OFFSET($D$43:$D$54,($B7-1)*12,0))","v":11200},{"$f":"1-(D7/Size_Total)","v":0},{"$f":"SUM(OFFSET($E$43,($B7-1)*12,0,12,1))","v":219700.00000000003},{"$f":"SUM(OFFSET($H$43,($B7-1)*12,0,12,1))","v":0},{"$f":"SUM(F7:G7)/Size_Total","v":19.616071428571431},{"$f":"SUM(OFFSET($J$43,(($B7-1)*12),0,12,1))","v":0},{"$f":"SUM(OFFSET($K$43,($B7-1)*12,0,12,1))","v":0},{"$f":"SUM(OFFSET($L$43,($B7-1)*12,0,12,1))","v":0},{"$f":"E7","v":0}]
[null,2,{"$f":"RPMDateSpan(B8,1)","v":"Jan 23 - Dec 23"},{"$f":"AVERAGE(OFFSET($D$43:$D$54,($B8-1)*12,0))","v":11200},0,219700.00000000003,{"$f":"SUM(OFFSET($H$43,($B8-1)*12,0,12,1))","v":0},19.616071428571431,0,0,0,{"$f":"E8-E7","v":0}]
[null,3,"Jan 24 - Dec 24",7400,0.3392857142857143,145599.99999999997,80629.965599999996,20.199104071428568,1583.3333333333333,36416.666666666672,12540,{"$f":"E9-E8","v":0.3392857142857143}]
[null,4,"Jan 25 - Dec 25",7400,0.3392857142857143,145599.99999999997,83048.817600000009,20.415073,0,0,0,0]
[null,5,"Jan 26 - Dec 26",3100,0.7232142857142857,68200.000000000015,182331.25920000006,22.368862428571436,1791.6666666666665,41208.333333333336,14190,0.3839285714285714]
[null,6,"Jan 27 - Dec 27",3100,0.7232142857142857,68200.000000000015,187797.59279999998,22.856927928571427,0,0,0,0]
[null,7,"Jan 28 - Dec 28",3100,0.7232142857142857,68200.000000000015,193434.12359999996,23.360189607142857,0,0,0,0]
[null,8,"Jan 29 - Dec 29",0,1,0,275493.5232,24.597636000000001,1291.6666666666665,29708.333333333336,10230,0.2767857142857143]
[null,9,"Jan 30 - Dec 30",0,1,0,283757.91360000003,25.335528000000004,0,0,0,0]
[null,10,"Jan 31 - Dec 31",0,1,0,292271.48159999994,26.095667999999996,0,0,0,0]
[null,11,"Jan 32 - Dec 32",0,1,0,301034.22719999996,26.878055999999997,0,0,0,0]
[null,"Total",null,null,null,{"$f":"SUBTOTAL(109,F7:F17)","v":935200},{"$f":"SUBTOTAL(109,G7:G17)","v":1879798.9043999999},null,{"$f":"SUBTOTAL(109,I7:I17)","v":4666.6666666666661},{"$f":"SUBTOTAL(109,J7:J17)","v":107333.33333333334},{"$f":"SUBTOTAL(109,K7:K17)","v":36960}]
[]
[]
[]
[]
[]
[]
[]
[]
[]
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[]
[]
[]
[]
[]
[]
[]
[]
[null,"https://realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[]
[null,"Monthly Summary"]
[null,"Period","Month","Occupied","Occupied Rent","Vacant SF","Vacant Rent PSF","Vacant Rent","Lease Expiration SF","Concsession","TI","LC"]
[null,1,{"$f":"Analysis_Begin","v":"2022-01-01"},{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C43),--(Rent_Roll[Lease Expiration]>=$C43),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C43),--(Rent_Roll[Lease Expiration]>=$C43),Rent_Roll[Monthly Rent])","v":18308.333333333332},{"$f":"Size_Total-D43","v":0},{"$f":"'Leasing Costs Calculator'!$G$8/12","v":1.6666666666666667},{"$f":"F43*G43","v":0},{"$f":"IF(AND($B43>1,$F43>$F42),$F43-$F42,0)","v":0},{"$f":"I43*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I43*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I43*'Leasing Costs Calculator'!$I$49","v":0}]
[null,2,{"$f":"EDATE(C43,1)","v":"2022-02-01"},{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C44),--(Rent_Roll[Lease Expiration]>=$C44),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C44),--(Rent_Roll[Lease Expiration]>=$C44),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B44-1,12)<>0,G43,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G43,Inflation))","v":1.6666666666666667},{"$f":"F44*G44","v":0},0,{"$f":"I44*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I44*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I44*'Leasing Costs Calculator'!$I$49","v":0}]
[null,3,{"$f":"EDATE(C44,1)","v":"2022-03-01"},{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C45),--(Rent_Roll[Lease Expiration]>=$C45),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C45),--(Rent_Roll[Lease Expiration]>=$C45),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B45-1,12)<>0,G44,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G44,Inflation))","v":1.6666666666666667},{"$f":"F45*G45","v":0},0,{"$f":"I45*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I45*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I45*'Leasing Costs Calculator'!$I$49","v":0}]
[null,4,"2022-04-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C46),--(Rent_Roll[Lease Expiration]>=$C46),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C46),--(Rent_Roll[Lease Expiration]>=$C46),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B46-1,12)<>0,G45,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G45,Inflation))","v":1.6666666666666667},0,0,{"$f":"I46*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I46*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I46*'Leasing Costs Calculator'!$I$49","v":0}]
[null,5,"2022-05-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C47),--(Rent_Roll[Lease Expiration]>=$C47),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C47),--(Rent_Roll[Lease Expiration]>=$C47),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B47-1,12)<>0,G46,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G46,Inflation))","v":1.6666666666666667},0,0,{"$f":"I47*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I47*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I47*'Leasing Costs Calculator'!$I$49","v":0}]
[null,6,"2022-06-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C48),--(Rent_Roll[Lease Expiration]>=$C48),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C48),--(Rent_Roll[Lease Expiration]>=$C48),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B48-1,12)<>0,G47,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G47,Inflation))","v":1.6666666666666667},0,0,{"$f":"I48*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I48*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I48*'Leasing Costs Calculator'!$I$49","v":0}]
[null,7,"2022-07-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C49),--(Rent_Roll[Lease Expiration]>=$C49),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C49),--(Rent_Roll[Lease Expiration]>=$C49),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B49-1,12)<>0,G48,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G48,Inflation))","v":1.6666666666666667},0,0,{"$f":"I49*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I49*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I49*'Leasing Costs Calculator'!$I$49","v":0}]
[null,8,"2022-08-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C50),--(Rent_Roll[Lease Expiration]>=$C50),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C50),--(Rent_Roll[Lease Expiration]>=$C50),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B50-1,12)<>0,G49,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G49,Inflation))","v":1.6666666666666667},0,0,{"$f":"I50*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I50*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I50*'Leasing Costs Calculator'!$I$49","v":0}]
[null,9,"2022-09-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C51),--(Rent_Roll[Lease Expiration]>=$C51),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C51),--(Rent_Roll[Lease Expiration]>=$C51),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B51-1,12)<>0,G50,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G50,Inflation))","v":1.6666666666666667},0,0,{"$f":"I51*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I51*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I51*'Leasing Costs Calculator'!$I$49","v":0}]
[null,10,"2022-10-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C52),--(Rent_Roll[Lease Expiration]>=$C52),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C52),--(Rent_Roll[Lease Expiration]>=$C52),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B52-1,12)<>0,G51,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G51,Inflation))","v":1.6666666666666667},0,0,{"$f":"I52*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I52*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I52*'Leasing Costs Calculator'!$I$49","v":0}]
[null,11,"2022-11-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C53),--(Rent_Roll[Lease Expiration]>=$C53),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C53),--(Rent_Roll[Lease Expiration]>=$C53),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B53-1,12)<>0,G52,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G52,Inflation))","v":1.6666666666666667},0,0,{"$f":"I53*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I53*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I53*'Leasing Costs Calculator'!$I$49","v":0}]
[null,12,"2022-12-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C54),--(Rent_Roll[Lease Expiration]>=$C54),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C54),--(Rent_Roll[Lease Expiration]>=$C54),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B54-1,12)<>0,G53,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G53,Inflation))","v":1.6666666666666667},0,0,{"$f":"I54*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I54*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I54*'Leasing Costs Calculator'!$I$49","v":0}]
[null,13,"2023-01-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C55),--(Rent_Roll[Lease Expiration]>=$C55),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C55),--(Rent_Roll[Lease Expiration]>=$C55),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B55-1,12)<>0,G54,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G54,Inflation))","v":1.716701},0,0,{"$f":"I55*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I55*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I55*'Leasing Costs Calculator'!$I$49","v":0}]
[null,14,"2023-02-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C56),--(Rent_Roll[Lease Expiration]>=$C56),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C56),--(Rent_Roll[Lease Expiration]>=$C56),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B56-1,12)<>0,G55,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G55,Inflation))","v":1.716701},0,0,{"$f":"I56*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I56*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I56*'Leasing Costs Calculator'!$I$49","v":0}]
[null,15,"2023-03-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C57),--(Rent_Roll[Lease Expiration]>=$C57),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C57),--(Rent_Roll[Lease Expiration]>=$C57),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B57-1,12)<>0,G56,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G56,Inflation))","v":1.716701},0,0,{"$f":"I57*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I57*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I57*'Leasing Costs Calculator'!$I$49","v":0}]
[null,16,"2023-04-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C58),--(Rent_Roll[Lease Expiration]>=$C58),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C58),--(Rent_Roll[Lease Expiration]>=$C58),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B58-1,12)<>0,G57,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G57,Inflation))","v":1.716701},0,0,{"$f":"I58*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I58*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I58*'Leasing Costs Calculator'!$I$49","v":0}]
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[null,18,"2023-06-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C60),--(Rent_Roll[Lease Expiration]>=$C60),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C60),--(Rent_Roll[Lease Expiration]>=$C60),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B60-1,12)<>0,G59,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G59,Inflation))","v":1.716701},0,0,{"$f":"I60*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I60*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I60*'Leasing Costs Calculator'!$I$49","v":0}]
[null,19,"2023-07-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C61),--(Rent_Roll[Lease Expiration]>=$C61),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C61),--(Rent_Roll[Lease Expiration]>=$C61),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B61-1,12)<>0,G60,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G60,Inflation))","v":1.716701},0,0,{"$f":"I61*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I61*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I61*'Leasing Costs Calculator'!$I$49","v":0}]
[null,20,"2023-08-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C62),--(Rent_Roll[Lease Expiration]>=$C62),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C62),--(Rent_Roll[Lease Expiration]>=$C62),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B62-1,12)<>0,G61,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G61,Inflation))","v":1.716701},0,0,{"$f":"I62*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I62*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I62*'Leasing Costs Calculator'!$I$49","v":0}]
[null,21,"2023-09-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C63),--(Rent_Roll[Lease Expiration]>=$C63),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C63),--(Rent_Roll[Lease Expiration]>=$C63),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B63-1,12)<>0,G62,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G62,Inflation))","v":1.716701},0,0,{"$f":"I63*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I63*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I63*'Leasing Costs Calculator'!$I$49","v":0}]
[null,22,"2023-10-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C64),--(Rent_Roll[Lease Expiration]>=$C64),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C64),--(Rent_Roll[Lease Expiration]>=$C64),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B64-1,12)<>0,G63,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G63,Inflation))","v":1.716701},0,0,{"$f":"I64*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I64*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I64*'Leasing Costs Calculator'!$I$49","v":0}]
[null,23,"2023-11-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C65),--(Rent_Roll[Lease Expiration]>=$C65),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":11200},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C65),--(Rent_Roll[Lease Expiration]>=$C65),Rent_Roll[Monthly Rent])","v":18308.333333333332},0,{"$f":"IF(MOD(B65-1,12)<>0,G64,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G64,Inflation))","v":1.716701},0,0,{"$f":"I65*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I65*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I65*'Leasing Costs Calculator'!$I$49","v":0}]
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[null,124,"2032-04-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C166),--(Rent_Roll[Lease Expiration]>=$C166),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C166),--(Rent_Roll[Lease Expiration]>=$C166),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B166-1,12)<>0,G165,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G165,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I166*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I166*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I166*'Leasing Costs Calculator'!$I$49","v":0}]
[null,125,"2032-05-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C167),--(Rent_Roll[Lease Expiration]>=$C167),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C167),--(Rent_Roll[Lease Expiration]>=$C167),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B167-1,12)<>0,G166,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G166,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I167*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I167*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I167*'Leasing Costs Calculator'!$I$49","v":0}]
[null,126,"2032-06-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C168),--(Rent_Roll[Lease Expiration]>=$C168),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C168),--(Rent_Roll[Lease Expiration]>=$C168),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B168-1,12)<>0,G167,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G167,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I168*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I168*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I168*'Leasing Costs Calculator'!$I$49","v":0}]
[null,127,"2032-07-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C169),--(Rent_Roll[Lease Expiration]>=$C169),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C169),--(Rent_Roll[Lease Expiration]>=$C169),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B169-1,12)<>0,G168,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G168,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I169*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I169*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I169*'Leasing Costs Calculator'!$I$49","v":0}]
[null,128,"2032-08-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C170),--(Rent_Roll[Lease Expiration]>=$C170),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C170),--(Rent_Roll[Lease Expiration]>=$C170),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B170-1,12)<>0,G169,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G169,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I170*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I170*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I170*'Leasing Costs Calculator'!$I$49","v":0}]
[null,129,"2032-09-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C171),--(Rent_Roll[Lease Expiration]>=$C171),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C171),--(Rent_Roll[Lease Expiration]>=$C171),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B171-1,12)<>0,G170,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G170,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I171*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I171*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I171*'Leasing Costs Calculator'!$I$49","v":0}]
[null,130,"2032-10-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C172),--(Rent_Roll[Lease Expiration]>=$C172),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C172),--(Rent_Roll[Lease Expiration]>=$C172),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B172-1,12)<>0,G171,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G171,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I172*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I172*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I172*'Leasing Costs Calculator'!$I$49","v":0}]
[null,131,{"$f":"EDATE(C172,1)","v":"2032-11-01"},{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C173),--(Rent_Roll[Lease Expiration]>=$C173),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C173),--(Rent_Roll[Lease Expiration]>=$C173),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B173-1,12)<>0,G172,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G172,Inflation))","v":2.2398379999999998},{"$f":"F173*G173","v":25086.185599999997},0,{"$f":"I173*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I173*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I173*'Leasing Costs Calculator'!$I$49","v":0}]
[null,132,"2032-12-01",{"$f":"SUMPRODUCT(--(Rent_Roll[Lease Start]<=$C174),--(Rent_Roll[Lease Expiration]>=$C174),--(Rent_Roll[Status]<>\"Vacant\"),Rent_Roll[Square Feet])","v":0},{"$f":"SUMPRODUCT(--(Rent_Roll[Status]=\"Current\"),--(Rent_Roll[Lease Start]<=$C174),--(Rent_Roll[Lease Expiration]>=$C174),Rent_Roll[Monthly Rent])","v":0},11200,{"$f":"IF(MOD(B174-1,12)<>0,G173,RPMGrow('Cash Flows'!$E$12,'Rent Roll Summary'!G173,Inflation))","v":2.2398379999999998},25086.185599999997,0,{"$f":"I174*'Leasing Costs Calculator'!$I$54","v":0},{"$f":"$I174*'Leasing Costs Calculator'!$I$43","v":0},{"$f":"$I174*'Leasing Costs Calculator'!$I$49","v":0}]

{"sheet":"Cash Flows","index":6,"n_rows":160,"n_cols":16,"rows_kept":160,"cut":false,"hidden":false,"merged":[[157,1,157,15],[158,1,158,15],[159,1,159,15],[66,1,66,15],[67,1,67,15],[68,1,68,15]]}
[]
[]
[]
[]
[null,"Schedule of Prospective Cash Flows"]
[]
[null,"Period",null,null,null,1,2,3,4,5,6,7,8,9,10,11]
[null,null,null,null,null,{"$f":"RPMDateSpan(F7,1)","v":"Jan 22 - Dec 22"},{"$f":"RPMDateSpan(G7,1)","v":"Jan 23 - Dec 23"},"Jan 24 - Dec 24","Jan 25 - Dec 25","Jan 26 - Dec 26","Jan 27 - Dec 27","Jan 28 - Dec 28","Jan 29 - Dec 29","Jan 30 - Dec 30","Jan 31 - Dec 31","Jan 32 - Dec 32"]
[]
[null,"Operating Income",null,null,"Inflation",null,{"$f":"Inflation","v":0.03},{"$f":"G10","v":0.03},0.03,0.03,0.03,0.03,0.03,0.03,0.03,0.03]
[]
[null,"Base Rental Revenue",null,null,null,{"$f":"IF(RPMRegCheck()=1,VLOOKUP(F$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":219700.00000000003},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(G$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":219700.00000000003},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(H$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":145599.99999999997},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(I$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":145599.99999999997},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(J$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":68200.000000000015},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(K$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":68200.000000000015},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(L$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":68200.000000000015},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(M$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(N$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(O$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(P$7,Rent_Roll_Summary,5,FALSE),\"Please Enable Macros\")","v":0}]
[null,"Vacant Space Potential Revenue",null,null,null,{"$f":"IF(RPMRegCheck()=1,VLOOKUP(F$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(G$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(H$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":80629.965599999996},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(I$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":83048.817600000009},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(J$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":182331.25920000006},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(K$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":187797.59279999998},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(L$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":193434.12359999996},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(M$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":275493.5232},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(N$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":283757.91360000003},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(O$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":292271.48159999994},{"$f":"IF(RPMRegCheck()=1,VLOOKUP(P$7,Rent_Roll_Summary,6,FALSE),\"Please Enable Macros\")","v":301034.22719999996}]
[null,"Gross Potential Rent",null,null,null,{"$f":"SUM(F12:F13)","v":219700.00000000003},{"$f":"SUM(G12:G13)","v":219700.00000000003},226229.96559999997,228648.81759999998,250531.25920000009,255997.59279999998,261634.12359999999,275493.5232,283757.91360000003,292271.48159999994,301034.22719999996]
[]
[null,"Less: Concessions",null,null,null,{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(F$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(G$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(H$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":-36416.666666666672},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(I$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(J$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":-41208.333333333336},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(K$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(L$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(M$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":-29708.333333333336},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(N$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(O$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0},{"$f":"IF(RPMRegCheck()=1,-VLOOKUP(P$7,Rent_Roll_Summary,9,FALSE),\"Please Enable Macros\")","v":0}]
[null,"Expense Reimbursements",null,null,null,0,{"$f":"IFERROR(RPMGrow($E17,F17,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,G17,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,H17,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,I17,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,J17,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,K17,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,L17,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,M17,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,N17,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E17,O17,P$10),\"Please Enable Macros\")","v":0}]
[null,"Parking Income",null,null,null,0,{"$f":"IFERROR(RPMGrow($E18,F18,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,G18,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,H18,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,I18,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,J18,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,K18,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,L18,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,M18,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,N18,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E18,O18,P$10),\"Please Enable Macros\")","v":0}]
[null,"Miscellaneous",null,null,null,0,{"$f":"IFERROR(RPMGrow($E19,F19,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,G19,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,H19,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,I19,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,J19,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,K19,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,L19,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,M19,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,N19,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E19,O19,P$10),\"Please Enable Macros\")","v":0}]
[null,"User Defined Income",null,null,null,0,{"$f":"IFERROR(RPMGrow($E20,F20,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,G20,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,H20,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,I20,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,J20,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,K20,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,L20,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,M20,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,N20,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E20,O20,P$10),\"Please Enable Macros\")","v":0}]
[null,"Total Other Potential Gross Revenue",null,null,null,{"$f":"SUM(F16:F20)","v":0},{"$f":"SUM(G16:G20)","v":0},-36416.666666666672,0,-41208.333333333336,0,0,-29708.333333333336,0,0,0]
[]
[null,"Total Potential Gross Revenue",null,null,null,{"$f":"SUM(F14,F21)","v":219700.00000000003},{"$f":"SUM(G14,G21)","v":219700.00000000003},189813.29893333331,228648.81759999998,209322.92586666674,255997.59279999998,261634.12359999999,245785.18986666665,283757.91360000003,292271.48159999994,301034.22719999996]
[]
[null,"General Vacancy Rate",null,null,null,0.1,{"$f":"F25","v":0.1},{"$f":"G25","v":0.1},{"$f":"H25","v":0.1},0.1,0.1,0.1,0.1,0.1,0.1,0.1]
[null,"Vacancy & Collection Loss",null,null,null,{"$f":"-F23*F25","v":-21970.000000000004},{"$f":"-G23*G25","v":-21970.000000000004},-18981.329893333332,-22864.88176,-20932.292586666677,-25599.759279999998,-26163.412360000002,-24578.518986666666,-28375.791360000003,-29227.148159999997,-30103.422719999999]
[]
[null,"Other Income "]
[null,"Sign Income",null,null,null,0,{"$f":"IFERROR(RPMGrow($E29,F29,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,G29,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,H29,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,I29,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,J29,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,K29,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,L29,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,M29,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,N29,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E29,O29,P$10),\"Please Enable Macros\")","v":0}]
[null,"Other Income",null,null,null,0,{"$f":"IFERROR(RPMGrow($E30,F30,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,G30,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,H30,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,I30,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,J30,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,K30,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,L30,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,M30,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,N30,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E30,O30,P$10),\"Please Enable Macros\")","v":0}]
[null,"User Defined Income",null,null,null,0,{"$f":"IFERROR(RPMGrow($E31,F31,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,G31,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,H31,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,I31,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,J31,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,K31,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,L31,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,M31,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,N31,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E31,O31,P$10),\"Please Enable Macros\")","v":0}]
[null,"User Defined Income",null,null,null,0,{"$f":"IFERROR(RPMGrow($E32,F32,G$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,G32,H$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,H32,I$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,I32,J$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,J32,K$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,K32,L$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,L32,M$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,M32,N$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,N32,O$10),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E32,O32,P$10),\"Please Enable Macros\")","v":0}]
[null,"Total Other Income",null,null,null,{"$f":"SUM(F29:F32)","v":0},0,0,0,0,0,0,0,0,0,0]
[]
[null,"Effective Gross Income",null,null,null,{"$f":"SUM(F23,F26,F33)","v":197730.00000000003},{"$f":"SUM(G23,G26,G33)","v":197730.00000000003},170831.96903999997,205783.93583999999,188390.63328000007,230397.83351999999,235470.71123999998,221206.67087999999,255382.12224000003,263044.33343999996,270930.80447999999]
[]
[null,"Operating Expenses",null,null,"Inflation",null,{"$f":"Inflation","v":0.03},{"$f":"G37","v":0.03},0.03,0.03,0.03,0.03,0.03,0.03,0.03,0.03]
[]
[null,"Property Management Fee",null,0.04,null,{"$f":"$D$39*F$35","v":7909.2000000000016},7909.2000000000016,6833.2787615999987,8231.3574336000001,7535.6253312000026,9215.9133407999998,9418.8284495999997,8848.2668352000001,10215.284889600001,10521.773337599998,10837.2321792]
[null,"Ad Valorem Taxes",null,null,null,30000,{"$f":"IFERROR(RPMGrow($E40,F40,G$37),\"Please Enable Macros\")","v":30900},{"$f":"IFERROR(RPMGrow($E40,G40,H$37),\"Please Enable Macros\")","v":31827},{"$f":"IFERROR(RPMGrow($E40,H40,I$37),\"Please Enable Macros\")","v":32781.81},{"$f":"IFERROR(RPMGrow($E40,I40,J$37),\"Please Enable Macros\")","v":33765.264299999995},{"$f":"IFERROR(RPMGrow($E40,J40,K$37),\"Please Enable Macros\")","v":34778.222228999999},{"$f":"IFERROR(RPMGrow($E40,K40,L$37),\"Please Enable Macros\")","v":35821.568895869998},{"$f":"IFERROR(RPMGrow($E40,L40,M$37),\"Please Enable Macros\")","v":36896.215962746101},{"$f":"IFERROR(RPMGrow($E40,M40,N$37),\"Please Enable Macros\")","v":38003.102441628485},{"$f":"IFERROR(RPMGrow($E40,N40,O$37),\"Please Enable Macros\")","v":39143.195514877341},{"$f":"IFERROR(RPMGrow($E40,O40,P$37),\"Please Enable Macros\")","v":40317.491380323663}]
[null,"Insurance",null,null,null,2300,{"$f":"IFERROR(RPMGrow($E41,F41,G$37),\"Please Enable Macros\")","v":2369},{"$f":"IFERROR(RPMGrow($E41,G41,H$37),\"Please Enable Macros\")","v":2440.0700000000002},{"$f":"IFERROR(RPMGrow($E41,H41,I$37),\"Please Enable Macros\")","v":2513.2721000000001},{"$f":"IFERROR(RPMGrow($E41,I41,J$37),\"Please Enable Macros\")","v":2588.6702630000004},{"$f":"IFERROR(RPMGrow($E41,J41,K$37),\"Please Enable Macros\")","v":2666.3303708900007},{"$f":"IFERROR(RPMGrow($E41,K41,L$37),\"Please Enable Macros\")","v":2746.3202820167007},{"$f":"IFERROR(RPMGrow($E41,L41,M$37),\"Please Enable Macros\")","v":2828.709890477202},{"$f":"IFERROR(RPMGrow($E41,M41,N$37),\"Please Enable Macros\")","v":2913.5711871915182},{"$f":"IFERROR(RPMGrow($E41,N41,O$37),\"Please Enable Macros\")","v":3000.9783228072638},{"$f":"IFERROR(RPMGrow($E41,O41,P$37),\"Please Enable Macros\")","v":3091.0076724914816}]
[null,"Utilities",null,null,null,21000,{"$f":"IFERROR(RPMGrow($E42,F42,G$37),\"Please Enable Macros\")","v":21630},{"$f":"IFERROR(RPMGrow($E42,G42,H$37),\"Please Enable Macros\")","v":22278.9},{"$f":"IFERROR(RPMGrow($E42,H42,I$37),\"Please Enable Macros\")","v":22947.267000000003},{"$f":"IFERROR(RPMGrow($E42,I42,J$37),\"Please Enable Macros\")","v":23635.685010000005},{"$f":"IFERROR(RPMGrow($E42,J42,K$37),\"Please Enable Macros\")","v":24344.755560300004},{"$f":"IFERROR(RPMGrow($E42,K42,L$37),\"Please Enable Macros\")","v":25075.098227109003},{"$f":"IFERROR(RPMGrow($E42,L42,M$37),\"Please Enable Macros\")","v":25827.351173922274},{"$f":"IFERROR(RPMGrow($E42,M42,N$37),\"Please Enable Macros\")","v":26602.171709139944},{"$f":"IFERROR(RPMGrow($E42,N42,O$37),\"Please Enable Macros\")","v":27400.236860414145},{"$f":"IFERROR(RPMGrow($E42,O42,P$37),\"Please Enable Macros\")","v":28222.243966226572}]
[null,"Repairs & Maintenance",null,null,null,8000,{"$f":"IFERROR(RPMGrow($E43,F43,G$37),\"Please Enable Macros\")","v":8240},{"$f":"IFERROR(RPMGrow($E43,G43,H$37),\"Please Enable Macros\")","v":8487.2000000000007},{"$f":"IFERROR(RPMGrow($E43,H43,I$37),\"Please Enable Macros\")","v":8741.8160000000007},{"$f":"IFERROR(RPMGrow($E43,I43,J$37),\"Please Enable Macros\")","v":9004.0704800000003},{"$f":"IFERROR(RPMGrow($E43,J43,K$37),\"Please Enable Macros\")","v":9274.1925944000013},{"$f":"IFERROR(RPMGrow($E43,K43,L$37),\"Please Enable Macros\")","v":9552.4183722320013},{"$f":"IFERROR(RPMGrow($E43,L43,M$37),\"Please Enable Macros\")","v":9838.990923398962},{"$f":"IFERROR(RPMGrow($E43,M43,N$37),\"Please Enable Macros\")","v":10134.16065110093},{"$f":"IFERROR(RPMGrow($E43,N43,O$37),\"Please Enable Macros\")","v":10438.185470633958},{"$f":"IFERROR(RPMGrow($E43,O43,P$37),\"Please Enable Macros\")","v":10751.331034752977}]
[null,"Cleaning & Garbage Removal",null,null,null,0,{"$f":"IFERROR(RPMGrow($E44,F44,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,G44,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,H44,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,I44,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,J44,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,K44,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,L44,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,M44,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,N44,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E44,O44,P$37),\"Please Enable Macros\")","v":0}]
[null,"Contract Services",null,null,null,0,{"$f":"IFERROR(RPMGrow($E45,F45,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,G45,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,H45,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,I45,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,J45,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,K45,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,L45,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,M45,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,N45,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E45,O45,P$37),\"Please Enable Macros\")","v":0}]
[null,"General & Administrative",null,null,null,0,{"$f":"IFERROR(RPMGrow($E46,F46,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,G46,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,H46,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,I46,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,J46,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,K46,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,L46,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,M46,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,N46,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E46,O46,P$37),\"Please Enable Macros\")","v":0}]
[null,"Ground Rent",null,null,null,0,{"$f":"IFERROR(RPMGrow($E47,F47,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,G47,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,H47,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,I47,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,J47,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,K47,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,L47,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,M47,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,N47,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E47,O47,P$37),\"Please Enable Macros\")","v":0}]
[null,"Marketing",null,null,null,0,{"$f":"IFERROR(RPMGrow($E48,F48,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,G48,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,H48,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,I48,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,J48,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,K48,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,L48,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,M48,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,N48,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E48,O48,P$37),\"Please Enable Macros\")","v":0}]
[null,"Franchise Tax",null,null,null,0,{"$f":"IFERROR(RPMGrow($E49,F49,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,G49,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,H49,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,I49,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,J49,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,K49,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,L49,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,M49,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,N49,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E49,O49,P$37),\"Please Enable Macros\")","v":0}]
[null,"Payroll",null,null,null,0,{"$f":"IFERROR(RPMGrow($E50,F50,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,G50,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,H50,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,I50,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,J50,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,K50,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,L50,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,M50,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,N50,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E50,O50,P$37),\"Please Enable Macros\")","v":0}]
[null,"Other",null,null,null,0,{"$f":"IFERROR(RPMGrow($E51,F51,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,G51,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,H51,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,I51,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,J51,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,K51,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,L51,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,M51,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,N51,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E51,O51,P$37),\"Please Enable Macros\")","v":0}]
[null,"Other",null,null,null,0,{"$f":"IFERROR(RPMGrow($E52,F52,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,G52,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,H52,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,I52,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,J52,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,K52,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,L52,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,M52,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,N52,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E52,O52,P$37),\"Please Enable Macros\")","v":0}]
[null,"Total Operating Expenses",null,null,null,{"$f":"SUM(F39:F52)","v":69209.200000000012},{"$f":"SUM(G39:G52)","v":71048.200000000012},71866.448761599997,75215.522533600015,76529.315384200003,80279.414095389991,82614.234226827699,84239.53478574453,87868.290878660875,90504.369506332703,93219.306232994699]
[]
[null,"NOI Before Reserves",null,null,null,{"$f":"F35-F53","v":128520.80000000002},126681.80000000002,98965.52027839997,130568.41330639998,111861.31789580006,150118.41942460998,152856.47701317229,136967.13609425546,167513.83136133914,172539.96393366726,177711.49824700528]
[]
[null,"Operating Reserve Annual Deposits"]
[null,"Operating Deficit Reserves",null,null,0,10000,{"$f":"IFERROR(RPMGrow($E58,F58,G$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,G58,H$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,H58,I$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,I58,J$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,J58,K$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,K58,L$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,L58,M$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,M58,N$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,N58,O$37),\"Please Enable Macros\")","v":10000},{"$f":"IFERROR(RPMGrow($E58,O58,P$37),\"Please Enable Macros\")","v":10000}]
[null,"Cap Ex Reserve",null,null,null,null,{"$f":"IFERROR(RPMGrow($E59,F59,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,G59,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,H59,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,I59,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,J59,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,K59,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,L59,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,M59,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,N59,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E59,O59,P$37),\"Please Enable Macros\")","v":0}]
[null,"TI/Leasing Reserve",null,null,null,{"$f":"IF(Reserve_Leasing_Required=\"Yes\",Reserve_Leasing,0)","v":0},{"$f":"IFERROR(RPMGrow($E60,F60,G$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,G60,H$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,H60,I$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,I60,J$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,J60,K$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,K60,L$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,L60,M$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,M60,N$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,N60,O$37),\"Please Enable Macros\")","v":0},{"$f":"IFERROR(RPMGrow($E60,O60,P$37),\"Please Enable Macros\")","v":0}]
[null,"Total Reserves",null,null,null,{"$f":"SUM(F58:F60)","v":10000},{"$f":"SUM(G58:G60)","v":10000},10000,10000,10000,10000,10000,10000,10000,10000,10000]
[]
[null,"Net Operating Income",null,null,null,{"$f":"SUM(F55,-F61)","v":118520.80000000002},{"$f":"SUM(G55,-G61)","v":116681.80000000002},88965.52027839997,120568.41330639998,101861.31789580006,140118.41942460998,142856.47701317229,126967.13609425546,157513.83136133914,162539.96393366726,167711.49824700528]
[]
[]
[]
[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[]
[null,"Schedule of Prospective Cash Flows"]
[]
[null,"Period",null,null,null,1,2,3,4,5,6,7,8,9,10]
[null,null,null,null,null,{"$f":"RPMDateSpan(F73,1)","v":"Jan 22 - Dec 22"},{"$f":"RPMDateSpan(G73,1)","v":"Jan 23 - Dec 23"},"Jan 24 - Dec 24","Jan 25 - Dec 25","Jan 26 - Dec 26","Jan 27 - Dec 27","Jan 28 - Dec 28","Jan 29 - Dec 29","Jan 30 - Dec 30","Jan 31 - Dec 31"]
[]
[null,"Net Operating Income",null,null,null,{"$f":"F63","v":118520.80000000002},116681.80000000002,88965.52027839997,120568.41330639998,101861.31789580006,140118.41942460998,142856.47701317229,126967.13609425546,157513.83136133914,162539.96393366726]
[]
[null,"Debt Service"]
[null,"Interest",null,null,null,{"$f":"VLOOKUP(F$7,Amortization_Schedule_Annual,6,FALSE)","v":54112.220508623621},52343.185888970162,50492.882128399091,48557.575736795421,46533.361708161559,44416.155641207544,42201.685497962797,39885.482983779766,37462.874531336594,34928.971870446316]
[null,"Principal",null,null,null,{"$f":"VLOOKUP(F$7,Amortization_Schedule_Annual,7,FALSE)","v":38507.648169978907},40276.682789632338,42126.986550203408,44062.292941807049,46086.506970440925,48203.71303739494,50418.18318063968,52734.385694822719,55156.994147265897,57690.896808156162]
[null,"Less: Interest in Development Budget",null,null,null,{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(F$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(G$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(H$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(I$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(J$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(K$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(L$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(M$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(N$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0},{"$f":"IF(Loan_IO_Interest=\"Pass to Cash Flow\",0,VLOOKUP(O$7,'Loan Amortization'!$B$13:$N$24,13,FALSE))","v":0}]
[null,"Total Debt Service",null,null,null,{"$f":"SUM(F79:F81)","v":92619.868678602536},{"$f":"SUM(G79:G81)","v":92619.868678602506},92619.868678602506,92619.868678602477,92619.868678602477,92619.868678602477,92619.868678602477,92619.868678602477,92619.868678602492,92619.868678602477]
[null,"DSCR",null,null,null,{"$f":"IFERROR(F63/F82,\"-\")","v":1.2796476791742768},1.2597923281978958,0.9605446601000549,1.3017553903556152,1.0997782586937805,1.512833276743577,1.5423955901826465,1.3708412450339402,1.7006483987568941,1.7549146446934887]
[null,"LTV",null,null,null,{"$f":"IFERROR(F87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(G87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(H87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(I87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(J87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(K87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(L87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(M87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(N87/#REF!,\"-\")","v":"-"},{"$f":"IFERROR(O87/#REF!,\"-\")","v":"-"}]
[null,"Break Even Occupancy",null,null,null,{"$f":"IFERROR(SUM(F53,F82,F91)/SUM(F23,F33),\"-\")","v":0.73659111824580126},{"$f":"IFERROR(SUM(G53,G82)/SUM(G23,G33),\"-\")","v":0.74496162348021167},0.86656898312469566,0.73403131043439307,0.80807767884224058,0.67539417415175185,0.66976776765303481,0.7195690007208716,0.63606388018375726,0.62655527382434573]
[null,"Debt Yield",null,null,null,{"$f":"IFERROR(F63/F87,\"-\")","v":1.2796476791742768},1.2597923281978958,0.9605446601000549,1.3017553903556152,1.0997782586937805,1.512833276743577,1.5423955901826465,1.3708412450339402,1.7006483987568941,1.7549146446934887]
[null,"Mortgage Balance",null,null,null,{"$f":"IF(F7<=Hold,VLOOKUP(F7,Amortization_Schedule_Annual,8,FALSE),0)","v":92619.868678602536},92619.868678602506,92619.868678602506,92619.868678602477,92619.868678602477,92619.868678602477,92619.868678602477,92619.868678602477,92619.868678602492,92619.868678602477]
[null,"Equity ",null,null,null,{"$f":"IFERROR(IF(F$7<=Hold,#REF!-F87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(G$7<=Hold,#REF!-G87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(H$7<=Hold,#REF!-H87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(I$7<=Hold,#REF!-I87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(J$7<=Hold,#REF!-J87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(K$7<=Hold,#REF!-K87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(L$7<=Hold,#REF!-L87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(M$7<=Hold,#REF!-M87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(N$7<=Hold,#REF!-N87,0),\"-\")","v":"-"},{"$f":"IFERROR(IF(O$7<=Hold,#REF!-O87,0),\"-\")","v":"-"}]
[]
[null,"Refinance Proceeds",null,null,null,{"$f":"'Return Detail'!F$26","v":0},{"$f":"'Return Detail'!G$26","v":0},{"$f":"'Return Detail'!H$26","v":0},{"$f":"'Return Detail'!I$26","v":0},{"$f":"'Return Detail'!J$26","v":0},{"$f":"'Return Detail'!K$26","v":0},{"$f":"'Return Detail'!L$26","v":0},{"$f":"'Return Detail'!M$26","v":0},{"$f":"'Return Detail'!N$26","v":0},{"$f":"'Return Detail'!O$26","v":0}]
[null,"Less: Mortgage Origination Fee",null,null,null,{"$f":"'Return Detail'!F$28","v":0},{"$f":"'Return Detail'!G$28","v":0},{"$f":"'Return Detail'!H$28","v":0},{"$f":"'Return Detail'!I$28","v":0},{"$f":"'Return Detail'!J$28","v":0},{"$f":"'Return Detail'!K$28","v":0},{"$f":"'Return Detail'!L$28","v":0},{"$f":"'Return Detail'!M$28","v":0},{"$f":"'Return Detail'!N$28","v":0},{"$f":"'Return Detail'!O$28","v":0}]
[]
[null,"Cash Flow After Debt Service",null,null,null,{"$f":"SUM(F76,-F82,F90:F91)","v":25900.931321397482},{"$f":"SUM(G76,-G82,G90:G91)","v":24061.931321397511},-3654.3484002025361,27948.544627797499,9241.4492171975871,47498.550746007502,50236.608334569813,34347.267415652983,64893.962682736645,69920.095255064778]
[null,"CFADS/Month",null,null,null,{"$f":"F93/12","v":2158.41094344979},{"$f":"G93/12","v":2005.1609434497925},-304.52903335021136,2329.0453856497916,770.12076809979897,3958.2125621672917,4186.3840278808175,2862.2722846377487,5407.8302235613874,5826.6746045887312]
[]
[null,"Capital Expenses"]
[null,"Tenant Improvements",null,null,null,{"$f":"VLOOKUP(F$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":0},{"$f":"VLOOKUP(G$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":0},{"$f":"VLOOKUP(H$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":36416.666666666672},{"$f":"VLOOKUP(I$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":0},{"$f":"VLOOKUP(J$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":41208.333333333336},{"$f":"VLOOKUP(K$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":0},{"$f":"VLOOKUP(L$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":36416.666666666672},{"$f":"VLOOKUP(M$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":29708.333333333336},{"$f":"VLOOKUP(N$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":41208.333333333336},{"$f":"VLOOKUP(O$7,'Leasing Costs Calculator'!$C$57:$I$68,5,FALSE)","v":0}]
[null,"Leasing Commissions",null,null,null,{"$f":"VLOOKUP(F$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":0},{"$f":"VLOOKUP(G$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":0},{"$f":"VLOOKUP(H$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":12540},{"$f":"VLOOKUP(I$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":0},{"$f":"VLOOKUP(J$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":14190},{"$f":"VLOOKUP(K$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":0},{"$f":"VLOOKUP(L$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":12540},{"$f":"VLOOKUP(M$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":10230},{"$f":"VLOOKUP(N$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":14190},{"$f":"VLOOKUP(O$7,'Leasing Costs Calculator'!$C$57:$I$68,6,FALSE)","v":0}]
[null,"Capital Expenditures",null,null,null,0,0,0,0,0,0,0,0,0,0]
[null,"Total Capital Expenses",null,null,null,{"$f":"SUM(F97:F99)","v":0},{"$f":"SUM(G97:G99)","v":0},48956.666666666672,0,55398.333333333336,0,48956.666666666672,39938.333333333336,55398.333333333336,0]
[]
[null,"Expenses Paid from Reserves"]
[null,"Less: TI & LC Paid from Reserves",null,null,null,{"$f":"F$152","v":0},{"$f":"G$152","v":0},0,0,0,0,0,0,0,0]
[null,"Less: Cap Ex Paid from Reserves",null,null,null,{"$f":"F$146","v":0},0,0,0,0,0,0,0,0,0]
[null,"Net Capital Expenses",null,null,null,{"$f":"SUM(F100,F103:F104)","v":0},{"$f":"SUM(G100,G103:G104)","v":0},48956.666666666672,0,55398.333333333336,0,48956.666666666672,39938.333333333336,55398.333333333336,0]
[]
[null,"Non-Regular Income"]
[null,"Other Non-Regular Income",null,null,null,0,0,0,0,0,0,0,0,0,0]
[null,"Other Non-Regular Expenses",null,null,null,0,0,0,0,0,0,0,0,0,0]
[null,"Operating Deficit Reserve Draw",null,null,null,{"$f":"-F139","v":0},{"$f":"-G139","v":0},3654.3484002025361,0,0,0,0,0,0,0]
[null,"Return of Reserve Funds",null,null,null,{"$f":"IF(F$7=Hold,F$155,0)","v":0},0,0,0,0,0,0,0,0,10000]
[null,"Total Non Regular Income",null,null,null,{"$f":"SUM(F108:F111)","v":0},0,3654.3484002025361,0,0,0,0,0,0,10000]
[]
[null,"Cash Flow Before Taxes",null,null,null,{"$f":"SUM(F93,-F105,F112)","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[null,"CFBT/Month",null,null,null,{"$f":"F114/12","v":2158.41094344979},{"$f":"G114/12","v":2005.1609434497925},-4079.7222222222226,2329.0453856497916,-3846.4070096779792,3958.2125621672917,106.66180565859516,-465.92215980669607,791.30244578360907,6660.0079379220651]
[null,"Cash on Cash Return",null,null,null,{"$f":"IFERROR(F114/Equity_Amount,\"-\")","v":3.2694939814942543E-2},3.0373556325924655E-2,-6.179836741563579E-2,3.5279657444834002E-2,-5.8264180909032758E-2,5.9957776755879197E-2,1.6156799645331253E-3,-7.0576444302958251E-3,1.1986404126992312E-2,0.10088373548985707]
[]
[null,"Tax Liability*"]
[null,"Cost Recovery Improvements",null,null,null,{"$f":"Acquisition_Unlevered*Assessed_Value_Prop*Cost_Recovery_11M","v":2586.3157894736869},{"$f":"IF(G$7<Hold,Acquisition_Unlevered*Cost_Recovery_12M*Assessed_Value_Prop,IF(G$7=Hold,Acquisition_Unlevered*Cost_Recovery_11M*Assessed_Value_Prop,0))","v":2698.9473684210552},2698.9473684210552,2698.9473684210552,2698.9473684210552,2698.9473684210552,2698.9473684210552,2698.9473684210552,2698.9473684210552,2586.3157894736869]
[null,"Loan Costs Amortization",null,null,null,{"$f":"VLOOKUP(F$7,Loan_Cost_Table,6,FALSE)","v":0},1220,1220,1220,1220,1220,1220,1220,1220,1220]
[null,"Taxable Income",null,null,null,{"$f":"SUM(F63,F61)-SUM(F79:F79,F119:F120)","v":71822.263701902702},70419.666742608795,44553.690781579826,78091.890201183502,61409.008819217452,101783.31641498138,106735.84414678844,93162.705742054648,126132.00946158149,133804.67627374726]
[null,{"$f":"\"Less: Tax Liability at \" & ROUND(Tax_Ordinary*100,0)&\"%\"","v":"Less: Tax Liability at 35%"},null,null,null,{"$f":"-F121*Tax_Ordinary","v":-25137.792295665946},-24646.883359913078,-15593.791773552937,-27332.161570414224,-21493.153086726106,-35624.160745243484,-37357.545451375954,-32606.947009719126,-44146.203311553516,-46831.63669581154]
[]
[null,"Operating Deficit Reserve Draw for Taxes",null,null,null,{"$f":"-F140","v":0},{"$f":"-G140","v":584.95203851556653},64550.458440219605,0,67650.037202861859,0,33560.203918200437,10000,10000,0]
[]
[null,"Cash Flow After Taxes",null,null,null,{"$f":"SUM(F114,F122,F124)","v":763.13902573153609},{"$f":"SUM(G114,G122,G124)","v":0},0,616.38305738327472,0,11874.390000764019,-2517.3998652723749,-28198.012927399483,-24650.573962150207,33088.458559253238]
[null,"CFAT/Month",null,null,null,{"$f":"F126/12","v":63.594918810961339},{"$f":"G126/12","v":0},0,51.365254781939562,0,989.53250006366818,-209.78332210603125,-2349.8344106166237,-2054.2144968458506,2757.3715466044364]
[null,"After Tax Cash on Cash Return",null,null,null,{"$f":"IFERROR(F126/Equity_Amount,\"-\")","v":9.6331611427863688E-4},0,0,7.7806495504074058E-4,0,1.4989131533405729E-2,-3.1777327256657093E-3,-3.5594563149961476E-2,-3.1116604345052017E-2,4.1767809340132842E-2]
[null,"*Does not include Capital Expenses as they are often subject to separate tax treatment"]
[null,"This pro forma does not constitute tax advice.  Please consult a professional tax advisor."]
[]
[null,"Reserve Account Balances"]
[]
[null,"Period",null,null,null,1,2,3,4,5,6,7,8,9,10]
[]
[null,"Operating Deficit Reserve"]
[null,"Beginning Balance",null,null,null,{"$f":"Reserve_Operating","v":100000},{"$f":"F141","v":110000},119415.04796148444,61210.241121062296,71210.241121062296,13560.203918200437,23560.203918200437,0,0,0]
[null,"Contributions",null,null,null,{"$f":"F$58","v":10000},{"$f":"G$58","v":10000},10000,10000,10000,10000,10000,10000,10000,10000]
[null,"Expenses Paid",null,null,null,{"$f":"IF(SUM(F93,F108:F109)>0,0,MAX(SUM(F93,F108:F109),-SUM(F137:F138)))","v":0},{"$f":"IF(SUM(G93,G108:G109)>0,0,MAX(SUM(G93,G108:G109),-SUM(G137:G138)))","v":0},-3654.3484002025361,0,0,0,0,0,0,0]
[null,"Taxes Paid",null,null,null,{"$f":"IF(F$7>=Hold,0,IF(SUM(F114,F122)>0,0,MAX(SUM(F114,F122),-SUM(F137:F139))))","v":0},-584.95203851556653,-64550.458440219605,0,-67650.037202861859,0,-33560.203918200437,-10000,-10000,0]
[null,"Ending Balance",null,null,null,{"$f":"SUM(F137:F140)","v":110000},{"$f":"SUM(G137:G140)","v":119415.04796148444},61210.241121062296,71210.241121062296,13560.203918200437,23560.203918200437,0,0,0,10000]
[]
[null,"Cap Ex Reserve"]
[null,"Beginning Balance",null,null,null,{"$f":"Reserve_CapEx_Initial","v":0},{"$f":"F147","v":0},0,0,0,0,0,0,0,0]
[null,"Contributions",null,null,null,{"$f":"F$59","v":0},0,0,0,0,0,0,0,0,0]
[null,"Expenses Paid",null,null,null,{"$f":"IF(F$99<SUM(F144:F145),-F$99,-SUM(F144:F145))","v":0},0,0,0,0,0,0,0,0,0]
[null,"Ending Balance",null,null,null,{"$f":"SUM(F144:F146)","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"TI & Leasing Reserve "]
[null,"Beginning Balance",null,null,null,{"$f":"Reserve_TILC","v":0},{"$f":"F153","v":0},{"$f":"G153","v":0},0,0,0,0,0,0,0]
[null,"Contributions",null,null,null,{"$f":"F$60","v":0},{"$f":"G$60","v":0},0,0,0,0,0,0,0,0]
[null,"Expenses Paid",null,null,null,{"$f":"IF(SUM(F$97:F$98)<SUM(F150:F151),-SUM(F$97:F$98),-SUM(F150:F151))","v":0},{"$f":"IF(SUM(G$97:G$98)<SUM(G150:G151),-SUM(G$97:G$98),-SUM(G150:G151))","v":0},0,0,0,0,0,0,0,0]
[null,"Ending Balance",null,null,null,{"$f":"SUM(F150:F152)","v":0},{"$f":"SUM(G150:G152)","v":0},0,0,0,0,0,0,0,0]
[]
[null,"Total Reserve Balances",null,null,null,{"$f":"SUM(F141,F147,F153)","v":110000},{"$f":"SUM(G141,G147,G153)","v":119415.04796148444},61210.241121062296,71210.241121062296,13560.203918200437,23560.203918200437,0,0,0,10000]
[]
[]
[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]

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[]
[null,{"$f":"Project_Name","v":"New Commercial Model"}]
[]
[null,"Project Return Summary"]
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[]
[null,null,null,"Public Sub FunctionsBoxCall()"]
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[null,null,null,"    FunctionsBox.Show 'Show's the Functions Box"]
[]
[null,null,null,"End Sub"]
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[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[null,"This pro forma does not constitute tax advice.  Please consult a professional tax advisor."]

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[null,"Summary & Ratios"]
[]
[null,null,null,1,2,3,4,5,6,7,8,9,10," "]
[null,null,null,{"$f":"RPMDateSpan(D4,1)","v":"Jan 22 - Dec 22"},{"$f":"RPMDateSpan(E4,1)","v":"Jan 23 - Dec 23"},"Jan 24 - Dec 24","Jan 25 - Dec 25","Jan 26 - Dec 26","Jan 27 - Dec 27","Jan 28 - Dec 28","Jan 29 - Dec 29","Jan 30 - Dec 30","Jan 31 - Dec 31"]
[null,"Operating Summary"]
[null,"Effective Gross Income",null,{"$f":"'Cash Flows'!F35","v":197730.00000000003},{"$f":"'Cash Flows'!G35","v":197730.00000000003},{"$f":"'Cash Flows'!H35","v":170831.96903999997},{"$f":"'Cash Flows'!I35","v":205783.93583999999},{"$f":"'Cash Flows'!J35","v":188390.63328000007},{"$f":"'Cash Flows'!K35","v":230397.83351999999},{"$f":"'Cash Flows'!L35","v":235470.71123999998},{"$f":"'Cash Flows'!M35","v":221206.67087999999},{"$f":"'Cash Flows'!N35","v":255382.12224000003},{"$f":"'Cash Flows'!O35","v":263044.33343999996},{"$f":"SUM(D7:M7)","v":2165968.2094799997}]
[null,"Operating Expenses",null,{"$f":"-'Cash Flows'!F53","v":-69209.200000000012},{"$f":"-'Cash Flows'!G53","v":-71048.200000000012},{"$f":"-'Cash Flows'!H53","v":-71866.448761599997},{"$f":"-'Cash Flows'!I53","v":-75215.522533600015},{"$f":"-'Cash Flows'!J53","v":-76529.315384200003},{"$f":"-'Cash Flows'!K53","v":-80279.414095389991},{"$f":"-'Cash Flows'!L53","v":-82614.234226827699},{"$f":"-'Cash Flows'!M53","v":-84239.53478574453},{"$f":"-'Cash Flows'!N53","v":-87868.290878660875},{"$f":"-'Cash Flows'!O53","v":-90504.369506332703},{"$f":"SUM(D8:M8)","v":-789374.53017235582}]
[null,"Operating Reserves",null,{"$f":"-'Cash Flows'!F61","v":-10000},{"$f":"-'Cash Flows'!G61","v":-10000},{"$f":"-'Cash Flows'!H61","v":-10000},{"$f":"-'Cash Flows'!I61","v":-10000},{"$f":"-'Cash Flows'!J61","v":-10000},{"$f":"-'Cash Flows'!K61","v":-10000},{"$f":"-'Cash Flows'!L61","v":-10000},{"$f":"-'Cash Flows'!M61","v":-10000},{"$f":"-'Cash Flows'!N61","v":-10000},{"$f":"-'Cash Flows'!O61","v":-10000},-100000]
[null,"Net Operating Income",null,{"$f":"'Cash Flows'!F63","v":118520.80000000002},{"$f":"'Cash Flows'!G63","v":116681.80000000002},{"$f":"'Cash Flows'!H63","v":88965.52027839997},{"$f":"'Cash Flows'!I63","v":120568.41330639998},{"$f":"'Cash Flows'!J63","v":101861.31789580006},{"$f":"'Cash Flows'!K63","v":140118.41942460998},{"$f":"'Cash Flows'!L63","v":142856.47701317229},{"$f":"'Cash Flows'!M63","v":126967.13609425546},{"$f":"'Cash Flows'!N63","v":157513.83136133914},{"$f":"'Cash Flows'!O63","v":162539.96393366726},1276593.679307644]
[null,"Less: Debt Service",null,{"$f":"-'Cash Flows'!F82","v":-92619.868678602536},{"$f":"-'Cash Flows'!G82","v":-92619.868678602506},{"$f":"-'Cash Flows'!H82","v":-92619.868678602506},{"$f":"-'Cash Flows'!I82","v":-92619.868678602477},{"$f":"-'Cash Flows'!J82","v":-92619.868678602477},{"$f":"-'Cash Flows'!K82","v":-92619.868678602477},{"$f":"-'Cash Flows'!L82","v":-92619.868678602477},{"$f":"-'Cash Flows'!M82","v":-92619.868678602477},{"$f":"-'Cash Flows'!N82","v":-92619.868678602492},{"$f":"-'Cash Flows'!O82","v":-92619.868678602477},-926198.68678602506]
[null,"Less: Fees",null,{"$f":"'Cash Flows'!F91","v":0},{"$f":"'Cash Flows'!G91","v":0},{"$f":"'Cash Flows'!H91","v":0},{"$f":"'Cash Flows'!I91","v":0},{"$f":"'Cash Flows'!J91","v":0},{"$f":"'Cash Flows'!K91","v":0},{"$f":"'Cash Flows'!L91","v":0},{"$f":"'Cash Flows'!M91","v":0},{"$f":"'Cash Flows'!N91","v":0},{"$f":"'Cash Flows'!O91","v":0},0]
[null,"Refinance Proceeds",null,{"$f":"'Cash Flows'!F90","v":0},{"$f":"'Cash Flows'!G90","v":0},{"$f":"'Cash Flows'!H90","v":0},{"$f":"'Cash Flows'!I90","v":0},{"$f":"'Cash Flows'!J90","v":0},{"$f":"'Cash Flows'!K90","v":0},{"$f":"'Cash Flows'!L90","v":0},{"$f":"'Cash Flows'!M90","v":0},{"$f":"'Cash Flows'!N90","v":0},{"$f":"'Cash Flows'!O90","v":0},0]
[null,"Less: Capital Expenses",null,{"$f":"-'Cash Flows'!F$105","v":0},{"$f":"-'Cash Flows'!G$105","v":0},{"$f":"-'Cash Flows'!H$105","v":-48956.666666666672},{"$f":"-'Cash Flows'!I$105","v":0},{"$f":"-'Cash Flows'!J$105","v":-55398.333333333336},{"$f":"-'Cash Flows'!K$105","v":0},{"$f":"-'Cash Flows'!L$105","v":-48956.666666666672},{"$f":"-'Cash Flows'!M$105","v":-39938.333333333336},{"$f":"-'Cash Flows'!N$105","v":-55398.333333333336},{"$f":"-'Cash Flows'!O$105","v":0},{"$f":"SUMIF(D4:M4,\"<=\"&Hold,D14:M14)","v":-248648.33333333337}]
[null,"Non-Regular Income",null,{"$f":"'Cash Flows'!F$112","v":0},{"$f":"'Cash Flows'!G$112","v":0},{"$f":"'Cash Flows'!H$112","v":3654.3484002025361},{"$f":"'Cash Flows'!I$112","v":0},{"$f":"'Cash Flows'!J$112","v":0},{"$f":"'Cash Flows'!K$112","v":0},{"$f":"'Cash Flows'!L$112","v":0},{"$f":"'Cash Flows'!M$112","v":0},{"$f":"'Cash Flows'!N$112","v":0},{"$f":"'Cash Flows'!O$112","v":10000},13654.348400202536]
[null,"Cash Flow After Debt Service",null,{"$f":"'Cash Flows'!F114","v":25900.931321397482},{"$f":"'Cash Flows'!G114","v":24061.931321397511},{"$f":"'Cash Flows'!H114","v":-48956.666666666672},{"$f":"'Cash Flows'!I114","v":27948.544627797499},{"$f":"'Cash Flows'!J114","v":-46156.884116135749},{"$f":"'Cash Flows'!K114","v":47498.550746007502},{"$f":"'Cash Flows'!L114","v":1279.9416679031419},{"$f":"'Cash Flows'!M114","v":-5591.0659176803529},{"$f":"'Cash Flows'!N114","v":9495.6293494033089},{"$f":"'Cash Flows'!O114","v":79920.095255064778},115401.00758848846]
[null,{"$f":"IF(Disposition=\"Cap Rate\",\"Sale Price Based on \"&ROUND(Exit_Rate*100,2)&\"% Exit Cap Rate\",\"Sale Price Based on \"&ROUND(Exit_Rate*100,2)&\"% Annual Growth Rate\")","v":"Sale Price Based on 6.5% Exit Cap Rate"},null,{"$f":"'Return Detail'!F33","v":0},{"$f":"'Return Detail'!G33","v":0},{"$f":"'Return Detail'!H33","v":0},{"$f":"'Return Detail'!I33","v":0},{"$f":"'Return Detail'!J33","v":0},{"$f":"'Return Detail'!K33","v":0},{"$f":"'Return Detail'!L33","v":0},{"$f":"'Return Detail'!M33","v":0},{"$f":"'Return Detail'!N33","v":0},{"$f":"'Return Detail'!O33","v":2734023.0499539273},2734023.0499539273]
[null,"Less: Mortgage Balance",null,{"$f":"'Return Detail'!F35","v":0},{"$f":"'Return Detail'!G35","v":0},{"$f":"'Return Detail'!H35","v":0},{"$f":"'Return Detail'!I35","v":0},{"$f":"'Return Detail'!J35","v":0},{"$f":"'Return Detail'!K35","v":0},{"$f":"'Return Detail'!L35","v":0},{"$f":"'Return Detail'!M35","v":0},{"$f":"'Return Detail'!N35","v":0},{"$f":"'Return Detail'!O35","v":-744735.70970965782},-744735.70970965782]
[null,"Less: Cost of Sale",null,{"$f":"SUM('Return Detail'!F34,'Return Detail'!F36)","v":0},{"$f":"SUM('Return Detail'!G34,'Return Detail'!G36)","v":0},{"$f":"SUM('Return Detail'!H34,'Return Detail'!H36)","v":0},{"$f":"SUM('Return Detail'!I34,'Return Detail'!I36)","v":0},{"$f":"SUM('Return Detail'!J34,'Return Detail'!J36)","v":0},{"$f":"SUM('Return Detail'!K34,'Return Detail'!K36)","v":0},{"$f":"SUM('Return Detail'!L34,'Return Detail'!L36)","v":0},{"$f":"SUM('Return Detail'!M34,'Return Detail'!M36)","v":0},{"$f":"SUM('Return Detail'!N34,'Return Detail'!N36)","v":0},{"$f":"SUM('Return Detail'!O34,'Return Detail'!O36)","v":-27340.230499539273},-27340.230499539273]
[null,"Cash Flow Before Taxes",null,{"$f":"SUM(D16:D19)","v":25900.931321397482},{"$f":"SUM(E16:E19)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,2041867.204999795,2077348.1173332187]
[null,"Less: Taxes",null,{"$f":"SUM('Return Detail'!F74:F76,'Return Detail'!F81:F82)","v":-25137.792295665946},{"$f":"SUM('Return Detail'!G74:G76,'Return Detail'!G81:G82)","v":-24061.931321397511},{"$f":"SUM('Return Detail'!H74:H76,'Return Detail'!H81:H82)","v":48956.666666666672},{"$f":"SUM('Return Detail'!I74:I76,'Return Detail'!I81:I82)","v":-27332.161570414224},{"$f":"SUM('Return Detail'!J74:J76,'Return Detail'!J81:J82)","v":46156.884116135756},{"$f":"SUM('Return Detail'!K74:K76,'Return Detail'!K81:K82)","v":-35624.160745243484},{"$f":"SUM('Return Detail'!L74:L76,'Return Detail'!L81:L82)","v":-3797.3415331755168},{"$f":"SUM('Return Detail'!M74:M76,'Return Detail'!M81:M82)","v":-22606.947009719126},{"$f":"SUM('Return Detail'!N74:N76,'Return Detail'!N81:N82)","v":-34146.203311553516},{"$f":"SUM('Return Detail'!O74:O76,'Return Detail'!O81:O82)","v":-194859.2532182681},-272452.24022263498]
[null,"Cash Flow After Taxes",null,{"$f":"SUM(D20:D21)","v":763.13902573153609},{"$f":"SUM(E20:E21)","v":0},0,616.38305738327472,0,11874.390000764019,-2517.3998652723749,-28198.012927399479,-24650.573962150207,1847007.9517815269,1804895.8771105837]
[]
[null,"Value Summary"]
[null,{"$f":"IF(Project_Type=\"Acquisition\",\"Cap Rate based on Acquisition Cost\",\"Cap Rate based on Development Cost\")","v":"Cap Rate based on Acquisition Cost"},null,{"$f":"IFERROR(SUM(D7:D8)/Acquisition_Levered,\"-\")","v":6.3870788192028641E-2},6.2956863134877264E-2,4.9182745392306916E-2,6.4888387489513949E-2,5.5591550489911573E-2,7.4604124552534526E-2,7.5964852903872518E-2,6.8068351105384881E-2,8.324909619388686E-2,8.5746925719941983E-2]
[null,{"$f":"IF(Disposition=\"Cap Rate\",\"Value based on \"&ROUND(Exit_Rate*100,2)&\"% Exit Cap Rate\",\"Value based on \"&ROUND(Exit_Rate*100,2)&\"% Annual Growth Rate\")","v":"Value based on 6.5% Exit Cap Rate"},null,{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!G$55/Exit_Rate,FV(Exit_Rate,D$4,0,-Acquisition_Gross)),\"-\")","v":1948950.7692307695},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!H$55/Exit_Rate,FV(Exit_Rate,E$4,0,-Acquisition_Gross)),\"-\")","v":1522546.4658215379},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!I$55/Exit_Rate,FV(Exit_Rate,F$4,0,-Acquisition_Gross)),\"-\")","v":2008744.8200984611},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!J$55/Exit_Rate,FV(Exit_Rate,G$4,0,-Acquisition_Gross)),\"-\")","v":1720943.3522430779},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!K$55/Exit_Rate,FV(Exit_Rate,H$4,0,-Acquisition_Gross)),\"-\")","v":2309514.1449939995},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!L$55/Exit_Rate,FV(Exit_Rate,I$4,0,-Acquisition_Gross)),\"-\")","v":2351638.1078949585},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!M$55/Exit_Rate,FV(Exit_Rate,J$4,0,-Acquisition_Gross)),\"-\")","v":2107186.7091423916},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!N$55/Exit_Rate,FV(Exit_Rate,K$4,0,-Acquisition_Gross)),\"-\")","v":2577135.8670975249},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!O$55/Exit_Rate,FV(Exit_Rate,L$4,0,-Acquisition_Gross)),\"-\")","v":2654460.9835948809},{"$f":"IFERROR(IF(Disposition=\"Cap Rate\",'Cash Flows'!P$55/Exit_Rate,FV(Exit_Rate,M$4,0,-Acquisition_Gross)),\"-\")","v":2734023.0499539273}]
[null,"Mortgage Balance (EOY)",null,{"$f":"IFERROR(VLOOKUP(D$4,Amortization_Schedule_Annual,9,FALSE),\"-\")","v":1181492.3518300212},1141215.6690403887,1099088.6824901851,1055026.3895483781,1008939.8825779371,960736.16954054206,910317.98635990242,857583.6006650799,802426.60651781398,744735.70970965782]
[null,"Equity (EOY)",null,{"$f":"D26-D27","v":767458.41740074824},{"$f":"E26-E27","v":381330.79678114923},909656.13760827598,665916.96269469988,1300574.2624160624,1390901.9383544163,1196868.7227824891,1719552.266432445,1852034.3770770668,1989287.3402442695]
[]
[null,"Operating Ratios"]
[null,"Net Income Multiplier*",null,{"$f":"IFERROR(Acquisition_Levered/D10,\"-\")","v":16.977610680994388},17.245191623715094,22.617751165881106,16.6892799267948,19.754309502046674,14.360710092670251,14.085465651056635,15.848195540192551,12.774751160639235,12.379724661568039]
[null,"Operating Expense Ratio",null,{"$f":"IFERROR(-D8/D7,\"-\")","v":0.3500187123855763},{"$f":"IFERROR(-E8/E7,\"-\")","v":0.35931927375714356},0.4206850109230586,0.36550725996455419,0.40622675369670042,0.34843823341950492,0.35084717666913734,0.38081823866624132,0.3440659436453623,0.34406507953525872]
[null,"Cash on Cash Return (Pre Tax)",null,{"$f":"IFERROR('Return Detail'!F32/Equity_Amount,\"-\")","v":3.2694939814942543E-2},{"$f":"IFERROR('Return Detail'!G32/Equity_Amount,\"-\")","v":3.0373556325924655E-2},{"$f":"IFERROR('Return Detail'!H32/Equity_Amount,\"-\")","v":-6.179836741563579E-2},{"$f":"IFERROR('Return Detail'!I32/Equity_Amount,\"-\")","v":3.5279657444834002E-2},{"$f":"IFERROR('Return Detail'!J32/Equity_Amount,\"-\")","v":-5.8264180909032758E-2},{"$f":"IFERROR('Return Detail'!K32/Equity_Amount,\"-\")","v":5.9957776755879197E-2},{"$f":"IFERROR('Return Detail'!L32/Equity_Amount,\"-\")","v":1.6156799645331253E-3},{"$f":"IFERROR('Return Detail'!M32/Equity_Amount,\"-\")","v":-7.0576444302958251E-3},{"$f":"IFERROR('Return Detail'!N32/Equity_Amount,\"-\")","v":1.1986404126992312E-2},{"$f":"IFERROR('Return Detail'!O32/Equity_Amount,\"-\")","v":0.10088373548985707}]
[null,"Cash on Cash Return (Post Tax)",null,{"$f":"IFERROR('Return Detail'!F$83/Equity_Amount,\"-\")","v":9.6331611427863688E-4},{"$f":"IFERROR('Return Detail'!G$83/Equity_Amount,\"-\")","v":0},{"$f":"IFERROR('Return Detail'!H$83/Equity_Amount,\"-\")","v":0},{"$f":"IFERROR('Return Detail'!I$83/Equity_Amount,\"-\")","v":7.7806495504074058E-4},{"$f":"IFERROR('Return Detail'!J$83/Equity_Amount,\"-\")","v":0},{"$f":"IFERROR('Return Detail'!K$83/Equity_Amount,\"-\")","v":1.4989131533405729E-2},{"$f":"IFERROR('Return Detail'!L$83/Equity_Amount,\"-\")","v":-3.1777327256657093E-3},{"$f":"IFERROR('Return Detail'!M$83/Equity_Amount,\"-\")","v":-3.5594563149961476E-2},{"$f":"IFERROR('Return Detail'!N$83/Equity_Amount,\"-\")","v":-3.1116604345052017E-2},{"$f":"IFERROR('Return Detail'!O$83/Equity_Amount,\"-\")","v":4.1767809340132842E-2}]
[null,{"$f":"IF(Project_Type=\"Acquisition\",\"*Based on Acquisition Cost\",\"*Based on Development Cost\")","v":"*Based on Acquisition Cost"}]
[]
[null,"Lender Ratios"]
[null,"Loan to Value Ratio (EOY)",null,{"$f":"IFERROR(D27/D26,\"-\")","v":0.60621970061170094},{"$f":"IFERROR(E27/E26,\"-\")","v":0.7495440662460241},0.54715196847965586,0.61305120135026903,0.43686239582678915,0.40853912271413811,0.43200632502584202,0.33276615781647761,0.30229361496626878,0.27239554901419277]
[null,"Debt to Equity Ratio (EOY)",null,{"$f":"IFERROR(D27/D28,\"-\")","v":1.5394871240471057},{"$f":"IFERROR(E27/E28,\"-\")","v":2.992718339755148},1.2082463219343267,1.5843212422148067,0.77576491534104375,0.6907289026264456,0.76058298544521119,0.49872493986141436,0.43326766308961628,0.37437312078717089]
[null,"Debt Service Coverage Ratio",null,{"$f":"IFERROR(D$10/-D$11,\"-\")","v":1.2796476791742768},{"$f":"IFERROR(E$10/-E$11,\"-\")","v":1.2597923281978958},0.9605446601000549,1.3017553903556152,1.0997782586937805,1.512833276743577,1.5423955901826465,1.3708412450339402,1.7006483987568941,1.7549146446934887]
[null,"Break Even Occupancy (Pre Tax)",null,{"$f":"IFERROR(SUM('Cash Flows'!F$53,'Cash Flows'!F$82,-'Cash Flows'!F$91)/SUM('Cash Flows'!F$33,'Cash Flows'!F$23),\"-\")","v":0.73659111824580126},{"$f":"IFERROR(SUM('Cash Flows'!G$53,'Cash Flows'!G$82,-'Cash Flows'!G$91)/SUM('Cash Flows'!G$33,'Cash Flows'!G$23),\"-\")","v":0.74496162348021167},{"$f":"IFERROR(SUM('Cash Flows'!H$53,'Cash Flows'!H$82,-'Cash Flows'!H$91)/SUM('Cash Flows'!H$33,'Cash Flows'!H$23),\"-\")","v":0.86656898312469566},{"$f":"IFERROR(SUM('Cash Flows'!I$53,'Cash Flows'!I$82,-'Cash Flows'!I$91)/SUM('Cash Flows'!I$33,'Cash Flows'!I$23),\"-\")","v":0.73403131043439307},{"$f":"IFERROR(SUM('Cash Flows'!J$53,'Cash Flows'!J$82,-'Cash Flows'!J$91)/SUM('Cash Flows'!J$33,'Cash Flows'!J$23),\"-\")","v":0.80807767884224058},{"$f":"IFERROR(SUM('Cash Flows'!K$53,'Cash Flows'!K$82,-'Cash Flows'!K$91)/SUM('Cash Flows'!K$33,'Cash Flows'!K$23),\"-\")","v":0.67539417415175185},{"$f":"IFERROR(SUM('Cash Flows'!L$53,'Cash Flows'!L$82,-'Cash Flows'!L$91)/SUM('Cash Flows'!L$33,'Cash Flows'!L$23),\"-\")","v":0.66976776765303481},{"$f":"IFERROR(SUM('Cash Flows'!M$53,'Cash Flows'!M$82,-'Cash Flows'!M$91)/SUM('Cash Flows'!M$33,'Cash Flows'!M$23),\"-\")","v":0.7195690007208716},{"$f":"IFERROR(SUM('Cash Flows'!N$53,'Cash Flows'!N$82,-'Cash Flows'!N$91)/SUM('Cash Flows'!N$33,'Cash Flows'!N$23),\"-\")","v":0.63606388018375726},{"$f":"IFERROR(SUM('Cash Flows'!O$53,'Cash Flows'!O$82,-'Cash Flows'!O$91)/SUM('Cash Flows'!O$33,'Cash Flows'!O$23),\"-\")","v":0.62655527382434573}]
[null,"Break Even Occupancy (Post Tax)",null,{"$f":"IFERROR(SUM('Cash Flows'!F$53,'Cash Flows'!F$82,-'Cash Flows'!F$91,'Cash Flows'!F$122)/SUM('Cash Flows'!F$33,'Cash Flows'!F$23),\"-\")","v":0.6221724004685325},{"$f":"IFERROR(SUM('Cash Flows'!G$53,'Cash Flows'!G$82,-'Cash Flows'!G$91,'Cash Flows'!G$122)/SUM('Cash Flows'!G$33,'Cash Flows'!G$23),\"-\")","v":0.63277735693531822},{"$f":"IFERROR(SUM('Cash Flows'!H$53,'Cash Flows'!H$82,-'Cash Flows'!H$91,'Cash Flows'!H$122)/SUM('Cash Flows'!H$33,'Cash Flows'!H$23),\"-\")","v":0.78441566793981055},{"$f":"IFERROR(SUM('Cash Flows'!I$53,'Cash Flows'!I$82,-'Cash Flows'!I$91,'Cash Flows'!I$122)/SUM('Cash Flows'!I$33,'Cash Flows'!I$23),\"-\")","v":0.61449357629124368},{"$f":"IFERROR(SUM('Cash Flows'!J$53,'Cash Flows'!J$82,-'Cash Flows'!J$91,'Cash Flows'!J$122)/SUM('Cash Flows'!J$33,'Cash Flows'!J$23),\"-\")","v":0.70539827572508418},{"$f":"IFERROR(SUM('Cash Flows'!K$53,'Cash Flows'!K$82,-'Cash Flows'!K$91,'Cash Flows'!K$122)/SUM('Cash Flows'!K$33,'Cash Flows'!K$23),\"-\")","v":0.53623598771882275},{"$f":"IFERROR(SUM('Cash Flows'!L$53,'Cash Flows'!L$82,-'Cash Flows'!L$91,'Cash Flows'!L$122)/SUM('Cash Flows'!L$33,'Cash Flows'!L$23),\"-\")","v":0.52698232003118661},{"$f":"IFERROR(SUM('Cash Flows'!M$53,'Cash Flows'!M$82,-'Cash Flows'!M$91,'Cash Flows'!M$122)/SUM('Cash Flows'!M$33,'Cash Flows'!M$23),\"-\")","v":0.58690459149667173},{"$f":"IFERROR(SUM('Cash Flows'!N$53,'Cash Flows'!N$82,-'Cash Flows'!N$91,'Cash Flows'!N$122)/SUM('Cash Flows'!N$33,'Cash Flows'!N$23),\"-\")","v":0.48048688586674831},{"$f":"IFERROR(SUM('Cash Flows'!O$53,'Cash Flows'!O$82,-'Cash Flows'!O$91,'Cash Flows'!O$122)/SUM('Cash Flows'!O$33,'Cash Flows'!O$23),\"-\")","v":0.46632193036080222}]
[null,"Debt Yield",null,{"$f":"IFERROR(D10/D27,\"-\")","v":0.1003144877039808},0.10224342616861716,8.0944806088651941E-2,0.11427999763874279,0.10095875845004237,0.14584484676122847,0.15693030254671106,0.14805219688878019,0.19629687012109601,0.21825187353649925]
[]
[null,{"$f":"\"Performance Summary over \" & Hold & \" Years\"","v":"Performance Summary over 10 Years"},null,"Pre Tax","Post Tax"]
[null,"Initial Equity",null,{"$f":"-Equity_Amount","v":-792200},{"$f":"-Equity_Amount","v":-792200}]
[null,"Operating Cash Flows",null,{"$f":"SUM('Return Detail'!F32:O32)","v":115401.00758848846},{"$f":"SUM('Return Detail'!$F$83:$O$83)","v":-9023.6161116899966}]
[null,"Net Reversion Proceeds",null,{"$f":"SUM('Return Detail'!$F$33:$O$36)","v":1961947.1097447304},{"$f":"SUM('Return Detail'!$F$84:$O$84)","v":1813919.4932222739}]
[null,"Net Cash Flow",null,{"$f":"SUM(D46:D48)","v":1285148.1173332189},{"$f":"SUM(E46:E48)","v":1012695.8771105839}]
[null,{"$f":"\"Net Present Value at \"&ROUND(Equity_Rate*100,2)&\"%\"","v":"Net Present Value at 10%"},null,{"$f":"'Return Detail'!C41","v":20995.270212125266},{"$f":"'Return Detail'!C89","v":-97181.589428850682}]
[null,"Leveraged IRR",null,{"$f":"'Return Detail'!C42","v":0.10295200706440744},{"$f":"'Return Detail'!C91","v":8.5709155488001842E-2}]
[]
[]
[]
[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[null,"This pro forma does not constitute tax advice.  Please consult a professional tax advisor."]

{"sheet":"Return Detail","index":9,"n_rows":105,"n_cols":15,"rows_kept":105,"cut":false,"hidden":false,"merged":[[1,1,1,14],[104,1,104,14]]}
[]
[null,"Project Return Details"]
[]
[null,"Unlevered Returns"]
[null,null,null,null,null,1,2,3,4,5,6,7,8,9,10]
[null,"Net Operating Income",null,null,null,{"$f":"IF($F$5<=Hold,'Cash Flows'!F$63,0)","v":118520.80000000002},{"$f":"IF(G5<=Hold,'Cash Flows'!G$63,0)","v":116681.80000000002},{"$f":"IF(H5<=Hold,'Cash Flows'!H$63,0)","v":88965.52027839997},{"$f":"IF(I5<=Hold,'Cash Flows'!I$63,0)","v":120568.41330639998},{"$f":"IF(J5<=Hold,'Cash Flows'!J$63,0)","v":101861.31789580006},{"$f":"IF(K5<=Hold,'Cash Flows'!K$63,0)","v":140118.41942460998},{"$f":"IF(L5<=Hold,'Cash Flows'!L$63,0)","v":142856.47701317229},{"$f":"IF(M5<=Hold,'Cash Flows'!M$63,0)","v":126967.13609425546},{"$f":"IF(N5<=Hold,'Cash Flows'!N$63,0)","v":157513.83136133914},{"$f":"IF(O5<=Hold,'Cash Flows'!O$63,0)","v":162539.96393366726}]
[null,"Less: Net Capital Expenses",null,null,null,{"$f":"IF(F$5<=Hold,'Cash Flows'!F105*-1,0)","v":0},{"$f":"IF(G$5<=Hold,'Cash Flows'!G105*-1,0)","v":0},{"$f":"IF(H$5<=Hold,'Cash Flows'!H105*-1,0)","v":-48956.666666666672},{"$f":"IF(I$5<=Hold,'Cash Flows'!I105*-1,0)","v":0},{"$f":"IF(J$5<=Hold,'Cash Flows'!J105*-1,0)","v":-55398.333333333336},{"$f":"IF(K$5<=Hold,'Cash Flows'!K105*-1,0)","v":0},{"$f":"IF(L$5<=Hold,'Cash Flows'!L105*-1,0)","v":-48956.666666666672},{"$f":"IF(M$5<=Hold,'Cash Flows'!M105*-1,0)","v":-39938.333333333336},{"$f":"IF(N$5<=Hold,'Cash Flows'!N105*-1,0)","v":-55398.333333333336},{"$f":"IF(O$5<=Hold,'Cash Flows'!O105*-1,0)","v":0}]
[null,"Non-Regular Income",null,null,null,{"$f":"IF(F$5>Hold,0,'Cash Flows'!F$112)","v":0},{"$f":"IF(G$5>Hold,0,'Cash Flows'!G$112)","v":0},{"$f":"IF(H$5>Hold,0,'Cash Flows'!H$112)","v":3654.3484002025361},{"$f":"IF(I$5>Hold,0,'Cash Flows'!I$112)","v":0},{"$f":"IF(J$5>Hold,0,'Cash Flows'!J$112)","v":0},{"$f":"IF(K$5>Hold,0,'Cash Flows'!K$112)","v":0},{"$f":"IF(L$5>Hold,0,'Cash Flows'!L$112)","v":0},{"$f":"IF(M$5>Hold,0,'Cash Flows'!M$112)","v":0},{"$f":"IF(N$5>Hold,0,'Cash Flows'!N$112)","v":0},{"$f":"IF(O$5>Hold,0,'Cash Flows'!O$112)","v":10000}]
[null,"Operating Cash Flow",null,null,null,{"$f":"SUM(F6:F8)","v":118520.80000000002},{"$f":"SUM(G6:G8)","v":116681.80000000002},43663.202011935835,120568.41330639998,46462.984562466729,140118.41942460998,93899.810346505619,87028.802760922117,102115.49802800579,172539.96393366726]
[null,"Reversion Cash Flow",null,null,null,{"$f":"IFERROR(IF(F$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!G$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(G$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!H$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(H$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!I$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(I$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!J$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(J$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!K$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(K$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!L$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(L$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!M$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(M$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!N$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(N$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!O$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":0},{"$f":"IFERROR(IF(O$5=Hold,IF(Disposition=\"Cap Rate\",'Cash Flows'!P$55/Exit_Rate,FV(Exit_Rate,Hold,0,-Acquisition_Gross)),0),0)","v":2734023.0499539273}]
[null,"Less: Cost of Sale",null,null,null,{"$f":"F10*-Sale_Cost","v":0},0,0,0,0,0,0,0,0,-27340.230499539273]
[null,"Net Cash Flow",null,null,{"$f":"-Acquisition_Unlevered","v":-2000000},{"$f":"SUM(F9:F11)","v":118520.80000000002},116681.80000000002,43663.202011935835,120568.41330639998,46462.984562466729,140118.41942460998,93899.810346505619,87028.802760922117,102115.49802800579,2879222.7833880554]
[null,"Cash on Cash Return",null,null,null,{"$f":"IFERROR(F9/Acquisition_Unlevered,\"-\")","v":5.9260400000000012E-2},5.8340900000000008E-2,2.1831601005967916E-2,6.0284206653199987E-2,2.3231492281233366E-2,7.005920971230499E-2,4.6949905173252808E-2,4.351440138046106E-2,5.1057749014002896E-2,8.6269981966833623E-2]
[]
[null,"Net Cash Flows",{"$f":"SUM(E12:O12)","v":1748282.5138289013}]
[null,{"$f":"\"Net Present Value at \"&ROUND(Equity_Rate*100,2)&\"%\"","v":"Net Present Value at 10%"},{"$f":"SUM(E12,NPV(Equity_Rate,F12:O12))","v":-330567.87609354849}]
[null,"Unleveraged IRR",{"$f":"IFERROR(IRR(E12:O12),\"-\")","v":7.599765918980661E-2}]
[null,"Avg. Operating Cash on Cash",{"$f":"IFERROR(((SUM($F$9:$O$9)/Hold)/Acquisition_Unlevered),\"-\")","v":5.2079984718725665E-2}]
[null,"Avg. Cash on Cash",{"$f":"IFERROR(((SUM($F$12:$O$12)/Hold)/Acquisition_Unlevered),\"-\")","v":0.18741412569144508}]
[null,{"$f":"\"Unleveraged PV at \" & TEXT(Equity_Rate,\"#%\") & IF(LEN(C20)>=7,\" Rounded ($10,000's)\",\" Rounded ($1,000's)\")","v":"Unleveraged PV at 10% Rounded ($10,000's)"},{"$f":"IF(LEN(INT(NPV(Equity_Rate,F12:O12)))>=7,ROUND(NPV(Equity_Rate,F12:O12),-4),ROUND(NPV(Equity_Rate,F12:O12),-3))","v":1670000}]
[null,"Per Square Feet",{"$f":"IFERROR(C20/Size_Total,\"-\")","v":149.10714285714286}]
[]
[null,"Levered Cash Flow"]
[null,null,null,null,null,1,2,3,4,5,6,7,8,9,10]
[null,"Net Operating Income",null,null,null,{"$f":"F6","v":118520.80000000002},{"$f":"G6","v":116681.80000000002},88965.52027839997,120568.41330639998,101861.31789580006,140118.41942460998,142856.47701317229,126967.13609425546,157513.83136133914,162539.96393366726]
[null,"Refinance Proceeds",null,null,null,{"$f":"IF(Hold<F24,0,IF(ROUNDUP((Loan_IO_Term+1)/12,0)=F24,Loan_Amount_Amortizing-Loan_Amount,0))","v":0},0,0,0,0,0,0,0,0,0]
[null,"Less: Debt Service",null,null,null,{"$f":"IF(F24<=Hold,-'Cash Flows'!F$82,0)","v":-92619.868678602536},{"$f":"IF(G24<=Hold,-'Cash Flows'!G$82,0)","v":-92619.868678602506},{"$f":"IF(H24<=Hold,-'Cash Flows'!H$82,0)","v":-92619.868678602506},{"$f":"IF(I24<=Hold,-'Cash Flows'!I$82,0)","v":-92619.868678602477},{"$f":"IF(J24<=Hold,-'Cash Flows'!J$82,0)","v":-92619.868678602477},{"$f":"IF(K24<=Hold,-'Cash Flows'!K$82,0)","v":-92619.868678602477},{"$f":"IF(L24<=Hold,-'Cash Flows'!L$82,0)","v":-92619.868678602477},{"$f":"IF(M24<=Hold,-'Cash Flows'!M$82,0)","v":-92619.868678602477},{"$f":"IF(N24<=Hold,-'Cash Flows'!N$82,0)","v":-92619.868678602492},{"$f":"IF(O24<=Hold,-'Cash Flows'!O$82,0)","v":-92619.868678602477}]
[null,"Less: Mortgage Origination Fee",null,null,null,{"$f":"IF(OR(F24>Hold,Loan_IO_Approval=\"No\"),0,IF(AND(Loan_IO_Term<>0,(Loan_IO_Term+1)/12<=F24,(Loan_IO_Term+1)/12>F24-1),Loan_Amor_Fee*-Loan_Amount_Amortizing,0))","v":0},0,0,0,0,0,0,0,0,0]
[null,"Cash Flow After Debt Service",null,null,null,{"$f":"SUM(F25:F28)","v":25900.931321397482},{"$f":"SUM(G25:G28)","v":24061.931321397511},-3654.3484002025361,27948.544627797499,9241.4492171975871,47498.550746007502,50236.608334569813,34347.267415652983,64893.962682736645,69920.095255064778]
[null,"Less: Net Capital Expenses",null,null,null,{"$f":"F$7","v":0},{"$f":"G$7","v":0},-48956.666666666672,0,-55398.333333333336,0,-48956.666666666672,-39938.333333333336,-55398.333333333336,0]
[null,"Non-Regular Income",null,null,null,{"$f":"F8","v":0},{"$f":"G8","v":0},3654.3484002025361,0,0,0,0,0,0,10000]
[null,"Distributable Cash Flow",null,null,null,{"$f":"SUM(F29:F31)","v":25900.931321397482},{"$f":"SUM(G29:G31)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[null,"Reversion Cash Flow",null,null,null,{"$f":"F10","v":0},{"$f":"G10","v":0},0,0,0,0,0,0,0,2734023.0499539273]
[null,"Less: Cost of Sale",null,null,null,{"$f":"F33*-Sale_Cost","v":0},0,0,0,0,0,0,0,0,-27340.230499539273]
[null,"Less: Mortgage Balance",null,null,null,{"$f":"IF(F$24=Hold,-VLOOKUP(F$24,Amortization_Schedule_Annual,9,FALSE),0)","v":0},0,0,0,0,0,0,0,0,-744735.70970965782]
[null,"Less: Mortgage Exit Fee",null,null,null,{"$f":"F35*Loan_Exit_Fee","v":0},0,0,0,0,0,0,0,0,0]
[null,"Net Cash Flow",null,null,{"$f":"-Equity_Amount","v":-792200},{"$f":"SUM(F32:F36)","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,2041867.2049997952]
[null,"Cash on Cash Return",null,null,null,{"$f":"IFERROR(F32/Equity_Amount,\"-\")","v":3.2694939814942543E-2},3.0373556325924655E-2,-6.179836741563579E-2,3.5279657444834002E-2,-5.8264180909032758E-2,5.9957776755879197E-2,1.6156799645331253E-3,-7.0576444302958251E-3,1.1986404126992312E-2,0.10088373548985707]
[]
[null,"Net Levered Cash Flows",{"$f":"SUM(E37:O37)","v":1285148.1173332189}]
[null,{"$f":"\"Net Present Value at \"&ROUND(Equity_Rate*100,2)&\"%\"","v":"Net Present Value at 10%"},{"$f":"SUM(E37,NPV(Equity_Rate,F37:O37))","v":20995.270212125266}]
[null,"Leveraged IRR",{"$f":"IFERROR(IRR(E37:O37),\"-\")","v":0.10295200706440744}]
[null,"Avg. Operating Cash on Cash",{"$f":"IFERROR(((SUM($F$32:$O$32)/Hold)/-E37),\"-\")","v":1.4567155716799857E-2}]
[null,"Avg. Cash on Cash",{"$f":"IFERROR(((SUM($F$37:$O$37)/Hold)/-E37),\"-\")","v":0.26222521046872244}]
[null,{"$f":"\"Present Value of Cash Flows at \"&ROUND(Equity_Rate*100,0)&\"%\"","v":"Present Value of Cash Flows at 10%"},{"$f":"NPV(Equity_Rate,F37:O37)","v":813195.27021212527}]
[null,"Plus: Original Loan Amount",{"$f":"Loan_Amount","v":1220000}]
[null,"Total Leveraged Present Value",{"$f":"SUM(C45:C46)","v":2033195.2702121253}]
[null,{"$f":"IF(LEN(C48)>=7,\"Rounded ($10,000's)\",\"Rounded ($1,000's)\")","v":"Rounded ($10,000's)"},{"$f":"IF(LEN(INT(C47))>=7,ROUND(C47,-4),ROUND(C47,-3))","v":2030000}]
[null,"Per Square Feet",{"$f":"IFERROR(C48/Size_Total,\"-\")","v":181.25}]
[]
[null,"After Tax Returns"]
[null,null,null,null,null,1,2,3,4,5,6,7,8,9,10]
[null,"Basis Calculation"]
[null,"Basis at Acquisition",null,null,null,{"$f":"IF(F52=Hold,Acquisition_Unlevered,0)","v":0},0,0,0,0,0,0,0,0,2000000]
[null,"+ Capital Additions",null,null,null,{"$f":"IF(F52=Hold,SUM('Cash Flows'!$F$99:F$99),0)","v":0},{"$f":"IF(G52=Hold,SUM('Cash Flows'!$F$99:G$99),0)","v":0},{"$f":"IF(H52=Hold,SUM('Cash Flows'!$F$99:H$99),0)","v":0},{"$f":"IF(I52=Hold,SUM('Cash Flows'!$F$99:I$99),0)","v":0},{"$f":"IF(J52=Hold,SUM('Cash Flows'!$F$99:J$99),0)","v":0},{"$f":"IF(K52=Hold,SUM('Cash Flows'!$F$99:K$99),0)","v":0},{"$f":"IF(L52=Hold,SUM('Cash Flows'!$F$99:L$99),0)","v":0},{"$f":"IF(M52=Hold,SUM('Cash Flows'!$F$99:M$99),0)","v":0},{"$f":"IF(N52=Hold,SUM('Cash Flows'!$F$99:N$99),0)","v":0},{"$f":"IF(O52=Hold,SUM('Cash Flows'!$F$99:O$99),0)","v":0}]
[null,"Cost Recovery (Depreciation) Taken",null,null,null,{"$f":"IF(F52=Hold,SUM('Cash Flows'!$F$119:F$119)*-1,0)","v":0},{"$f":"IF(G52=Hold,SUM('Cash Flows'!$F$119:G$119)*-1,0)","v":0},{"$f":"IF(H52=Hold,SUM('Cash Flows'!$F$119:H$119)*-1,0)","v":0},{"$f":"IF(I52=Hold,SUM('Cash Flows'!$F$119:I$119)*-1,0)","v":0},{"$f":"IF(J52=Hold,SUM('Cash Flows'!$F$119:J$119)*-1,0)","v":0},{"$f":"IF(K52=Hold,SUM('Cash Flows'!$F$119:K$119)*-1,0)","v":0},{"$f":"IF(L52=Hold,SUM('Cash Flows'!$F$119:L$119)*-1,0)","v":0},{"$f":"IF(M52=Hold,SUM('Cash Flows'!$F$119:M$119)*-1,0)","v":0},{"$f":"IF(N52=Hold,SUM('Cash Flows'!$F$119:N$119)*-1,0)","v":0},{"$f":"IF(O52=Hold,SUM('Cash Flows'!$F$119:O$119)*-1,0)","v":-26764.210526315816}]
[null,"Adjusted Basis at Sale",null,null,null,{"$f":"SUM(F54:F56)","v":0},{"$f":"SUM(G54:G56)","v":0},0,0,0,0,0,0,0,1973235.7894736843]
[]
[null,"Capital Gain Calculation"]
[null,"Sale Price",null,null,null,{"$f":"F10","v":0},0,0,0,0,0,0,0,0,2734023.0499539273]
[null,"Less Cost of Sale",null,null,null,{"$f":"F11","v":0},0,0,0,0,0,0,0,0,-27340.230499539273]
[null,"Less Adjusted Basis at Sale",null,null,null,{"$f":"IF(F52=Hold,SUM($F$57:F57)*-1,0)","v":0},{"$f":"IF(G52=Hold,SUM($F$57:G57)*-1,0)","v":0},{"$f":"IF(H52=Hold,SUM($F$57:H57)*-1,0)","v":0},{"$f":"IF(I52=Hold,SUM($F$57:I57)*-1,0)","v":0},{"$f":"IF(J52=Hold,SUM($F$57:J57)*-1,0)","v":0},{"$f":"IF(K52=Hold,SUM($F$57:K57)*-1,0)","v":0},{"$f":"IF(L52=Hold,SUM($F$57:L57)*-1,0)","v":0},{"$f":"IF(M52=Hold,SUM($F$57:M57)*-1,0)","v":0},{"$f":"IF(N52=Hold,SUM($F$57:N57)*-1,0)","v":0},{"$f":"IF(O52=Hold,SUM($F$57:O57)*-1,0)","v":-1973235.7894736843}]
[null,"Gain (Loss)",null,null,null,{"$f":"SUM(F60:F62)","v":0},{"$f":"SUM(G60:G62)","v":0},0,0,0,0,0,0,0,733447.02998070396]
[null,"Straight Line Cost Recovery (Limited to Gain)",null,null,null,{"$f":"IF(F63<=0,0,IF(F63<SUM($F$56:F56)*-1,F63,SUM($F$56:F56)*-1))","v":0},{"$f":"IF(G63<=0,0,IF(G63<SUM($F$56:G56)*-1,G63,SUM($F$56:G56)*-1))","v":0},{"$f":"IF(H63<=0,0,IF(H63<SUM($F$56:H56)*-1,H63,SUM($F$56:H56)*-1))","v":0},{"$f":"IF(I63<=0,0,IF(I63<SUM($F$56:I56)*-1,I63,SUM($F$56:I56)*-1))","v":0},{"$f":"IF(J63<=0,0,IF(J63<SUM($F$56:J56)*-1,J63,SUM($F$56:J56)*-1))","v":0},{"$f":"IF(K63<=0,0,IF(K63<SUM($F$56:K56)*-1,K63,SUM($F$56:K56)*-1))","v":0},{"$f":"IF(L63<=0,0,IF(L63<SUM($F$56:L56)*-1,L63,SUM($F$56:L56)*-1))","v":0},{"$f":"IF(M63<=0,0,IF(M63<SUM($F$56:M56)*-1,M63,SUM($F$56:M56)*-1))","v":0},{"$f":"IF(N63<=0,0,IF(N63<SUM($F$56:N56)*-1,N63,SUM($F$56:N56)*-1))","v":0},{"$f":"IF(O63<=0,0,IF(O63<SUM($F$56:O56)*-1,O63,SUM($F$56:O56)*-1))","v":26764.210526315816}]
[null,"Capital Gain from Appreciation",null,null,null,{"$f":"IF(F63<=0,0,F63-F64)","v":0},{"$f":"IF(G63<=0,0,G63-G64)","v":0},0,0,0,0,0,0,0,{"$f":"IF(O63<=0,0,O63-O64)","v":706682.81945438811}]
[null,"Unamortized Loan Fees (Costs)",null,null,null,{"$f":"IF(F52=Hold,SUM('Cash Flows'!G$120:$P$120)*-1,0)","v":0},{"$f":"IF(G52=Hold,SUM('Cash Flows'!H$120:$P$120)*-1,0)","v":0},{"$f":"IF(H52=Hold,SUM('Cash Flows'!I$120:$P$120)*-1,0)","v":0},{"$f":"IF(I52=Hold,SUM('Cash Flows'!J$120:$P$120)*-1,0)","v":0},{"$f":"IF(J52=Hold,SUM('Cash Flows'!K$120:$P$120)*-1,0)","v":0},{"$f":"IF(K52=Hold,SUM('Cash Flows'!L$120:$P$120)*-1,0)","v":0},{"$f":"IF(L52=Hold,SUM('Cash Flows'!M$120:$P$120)*-1,0)","v":0},{"$f":"IF(M52=Hold,SUM('Cash Flows'!N$120:$P$120)*-1,0)","v":0},{"$f":"IF(N52=Hold,SUM('Cash Flows'!O$120:$P$120)*-1,0)","v":0},{"$f":"IF(O52=Hold,SUM('Cash Flows'!P$120:$P$120)*-1,0)","v":0}]
[]
[null,"Sale Proceeds Calculation"]
[null,"Sale Price",null,null,null,{"$f":"F60","v":0},{"$f":"G60","v":0},0,0,0,0,0,0,0,2734023.0499539273]
[null,"Less Cost of Sale",null,null,null,{"$f":"F61","v":0},{"$f":"G61","v":0},0,0,0,0,0,0,0,-27340.230499539273]
[null,"Less Mortgage Exit Fee",null,null,null,{"$f":"F72*Loan_Exit_Fee","v":0},0,0,0,0,0,0,0,0,0]
[null,"Less Mortgage Balance",null,null,null,{"$f":"F35","v":0},0,0,0,0,0,0,0,0,-744735.70970965782]
[null,"Sale Proceeds Before Tax",null,null,null,{"$f":"SUM(F69:F72)","v":0},{"$f":"SUM(G69:G72)","v":0},0,0,0,0,0,0,0,1961947.1097447304]
[null,{"$f":"\"Less Tax on Ordinary Income at \"&ROUND(Tax_Ordinary*100,0)&\"%\"","v":"Less Tax on Ordinary Income at 35%"},null,null,null,{"$f":"-F66*Tax_Ordinary","v":0},0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Less Tax on Cost Recovery Recapture at \"&ROUND(Tax_CR*100,0)&\"%\"","v":"Less Tax on Cost Recovery Recapture at 25%"},null,null,null,{"$f":"-F64*Tax_CR","v":0},0,0,0,0,0,0,0,0,-6691.0526315789539]
[null,{"$f":"\"Less Tax on Capital Gain at \"&ROUND(Tax_CG*100,0)&\"%\"","v":"Less Tax on Capital Gain at 20%"},null,null,null,{"$f":"-F65*Tax_CG","v":0},0,0,0,0,0,0,0,0,-141336.56389087762]
[null,"Sale Proceeds After Tax",null,null,null,{"$f":"SUM(F73:F76)","v":0},{"$f":"SUM(G73:G76)","v":0},0,0,0,0,0,0,0,1813919.4932222739]
[]
[null,"Proceeds After Taxes"]
[null,"Cash Flow Before Taxes",null,null,null,{"$f":"IF(F$52<=Hold,'Cash Flows'!F$114,0)","v":25900.931321397482},{"$f":"IF(G$52<=Hold,'Cash Flows'!G$114,0)","v":24061.931321397511},{"$f":"IF(H$52<=Hold,'Cash Flows'!H$114,0)","v":-48956.666666666672},{"$f":"IF(I$52<=Hold,'Cash Flows'!I$114,0)","v":27948.544627797499},{"$f":"IF(J$52<=Hold,'Cash Flows'!J$114,0)","v":-46156.884116135749},{"$f":"IF(K$52<=Hold,'Cash Flows'!K$114,0)","v":47498.550746007502},{"$f":"IF(L$52<=Hold,'Cash Flows'!L$114,0)","v":1279.9416679031419},{"$f":"IF(M$52<=Hold,'Cash Flows'!M$114,0)","v":-5591.0659176803529},{"$f":"IF(N$52<=Hold,'Cash Flows'!N$114,0)","v":9495.6293494033089},{"$f":"IF(O$52<=Hold,'Cash Flows'!O$114,0)","v":79920.095255064778}]
[null,"Less: Annual Operating Tax Liability ",null,null,null,{"$f":"IF(F$52<=Hold,'Cash Flows'!F$122,0)","v":-25137.792295665946},{"$f":"IF(G$52<=Hold,'Cash Flows'!G$122,0)","v":-24646.883359913078},{"$f":"IF(H$52<=Hold,'Cash Flows'!H$122,0)","v":-15593.791773552937},{"$f":"IF(I$52<=Hold,'Cash Flows'!I$122,0)","v":-27332.161570414224},{"$f":"IF(J$52<=Hold,'Cash Flows'!J$122,0)","v":-21493.153086726106},{"$f":"IF(K$52<=Hold,'Cash Flows'!K$122,0)","v":-35624.160745243484},{"$f":"IF(L$52<=Hold,'Cash Flows'!L$122,0)","v":-37357.545451375954},{"$f":"IF(M$52<=Hold,'Cash Flows'!M$122,0)","v":-32606.947009719126},{"$f":"IF(N$52<=Hold,'Cash Flows'!N$122,0)","v":-44146.203311553516},{"$f":"IF(O$52<=Hold,'Cash Flows'!O$122,0)","v":-46831.63669581154}]
[null,"Draw from Operating Reserve",null,null,null,{"$f":"IF(F$52<=Hold,'Cash Flows'!F124,0)","v":0},{"$f":"IF(G$52<=Hold,'Cash Flows'!G124,0)","v":584.95203851556653},{"$f":"IF(H$52<=Hold,'Cash Flows'!H124,0)","v":64550.458440219605},{"$f":"IF(I$52<=Hold,'Cash Flows'!I124,0)","v":0},{"$f":"IF(J$52<=Hold,'Cash Flows'!J124,0)","v":67650.037202861859},{"$f":"IF(K$52<=Hold,'Cash Flows'!K124,0)","v":0},{"$f":"IF(L$52<=Hold,'Cash Flows'!L124,0)","v":33560.203918200437},{"$f":"IF(M$52<=Hold,'Cash Flows'!M124,0)","v":10000},{"$f":"IF(N$52<=Hold,'Cash Flows'!N124,0)","v":10000},{"$f":"IF(O$52<=Hold,'Cash Flows'!O124,0)","v":0}]
[null,"Cash Flow After Taxes",null,null,null,{"$f":"SUM(F80:F82)","v":763.13902573153609},{"$f":"SUM(G80:G82)","v":0},0,616.38305738327472,0,11874.390000764019,-2517.3998652723749,-28198.012927399483,-24650.573962150207,33088.458559253238]
[null,"Sale Proceeds After Taxes",null,null,null,{"$f":"F77","v":0},{"$f":"G77","v":0},0,0,0,0,0,0,0,1813919.4932222739]
[null,"Annual Proceeds After Taxes",null,null,{"$f":"-Equity_Amount","v":-792200},{"$f":"SUM(F83:F84)","v":763.13902573153609},{"$f":"SUM(G83:G84)","v":0},0,616.38305738327472,0,11874.390000764019,-2517.3998652723749,-28198.012927399483,-24650.573962150207,1847007.9517815271]
[null,"Cash on Cash Return",null,null,null,{"$f":"IFERROR(F83/Equity_Amount,\"-\")","v":9.6331611427863688E-4},0,0,7.7806495504074058E-4,0,1.4989131533405729E-2,-3.1777327256657093E-3,-3.5594563149961476E-2,-3.1116604345052017E-2,4.1767809340132842E-2]
[]
[null,"Net Cash Flows",{"$f":"SUM(E85:O85)","v":1012695.8771105838}]
[null,{"$f":"\"Net Present Value at \"&ROUND(Equity_Rate*100,2)&\"%\"","v":"Net Present Value at 10%"},{"$f":"SUM(E85,NPV(Equity_Rate,F85:O85))","v":-97181.589428850682}]
[null,"Effective Tax Rate",{"$f":"IFERROR(IF(C42=0,0,(C42-C91)/C42),\"-\")","v":0.16748436546378698}]
[null,"After Tax Leveraged IRR",{"$f":"IFERROR(IRR(E85:O85),\"-\")","v":8.5709155488001842E-2}]
[null,"Avg. Operating Cash on Cash",{"$f":"IFERROR((SUM(F83:O83)/Hold)/Equity_Amount,\"-\")","v":-1.1390578277821251E-3}]
[null,"Avg. Cash on Cash",{"$f":"IFERROR((SUM(F85:O85)/Hold)/Equity_Amount,\"-\")","v":0.2278333598978268}]
[null,{"$f":"\"Present Value of Cash Flows at \"&ROUND(Equity_Rate*100,0)&\"%\"","v":"Present Value of Cash Flows at 10%"},{"$f":"NPV(Equity_Rate,F85:O85)","v":695018.41057114932}]
[null,"Plus: Original Loan Amount",{"$f":"Loan_Amount","v":1220000}]
[null,"Total After Tax Leveraged Present Value",{"$f":"SUM(C94:C95)","v":1915018.4105711493}]
[null,{"$f":"IF(LEN(C97)>=7,\"Rounded ($10,000's)\",\"Rounded ($1,000's)\")","v":"Rounded ($10,000's)"},{"$f":"IF(LEN(INT(C96))>=7,ROUND(C96,-4),ROUND(C96,-3))","v":1920000}]
[null,"Per Square Feet",{"$f":"IFERROR(C97/Size_Total,\"-\")","v":171.42857142857142}]
[]
[]
[]
[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[null,"This pro forma does not constitute tax advice.  Please consult a professional tax advisor."]

{"sheet":"Loan Amortization","index":10,"n_rows":170,"n_cols":15,"rows_kept":170,"cut":false,"hidden":false,"merged":[[43,8,43,9],[44,8,44,9],[45,8,45,9],[2,1,2,9],[4,7,4,8],[4,3,4,4]]}
[]
[]
[null,"Loan Amortization Schedule"]
[]
[null,null,null,"Interest Only Loan",null,null,null,"Amortizing Loan"]
[null,null,null,"Loan Amount",{"$f":"IF(Loan_IO_Approval=\"no\",\"-\",Loan_Amount)","v":"-"},null,null,"Loan Amount",{"$f":"Loan_Amount_Amortizing","v":1220000}]
[null,null,null,"Term",{"$f":"IF(Loan_IO_Approval=\"no\",\"-\",Loan_IO_Term)","v":"-"},null,null,"Term",{"$f":"Loan_Amor_Term","v":120}]
[null,null,null,"Rate",{"$f":"IF(Loan_IO_Approval=\"no\",\"-\",Loan_IO_Rate)","v":"-"},null,null,"Amortization",{"$f":"Loan_Amortization","v":240}]
[null,null,null,"Funding Status",{"$f":"IF(Loan_IO_Approval=\"no\",\"-\",IF(Loan_IO_Status=0,\"Fund Up (Default)\",Loan_IO_Status))","v":"-"},null,null,"Start Rate",{"$f":"Loan_Amor_Rate","v":4.4999999999999998E-2}]
[null,null,null,null,null,null,null,"Rate Type",{"$f":"Loan_Amor_Type","v":"Fixed"}]
[]
[null,"Annual Summary"]
[null,"Year","Dates","Loan Type","Effective Rate","Beginning Balance","Interest","Principal","Total Payments","Ending Balance",null,"IO Interest Due","I/O Interest Due","Spent","Ending Budget"]
[null,1,{"$f":"RPMDateSpan(B14,1)","v":"Jan 22 - Dec 22"},{"$f":"IFERROR(RPMAnnualLoanType(B14),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMAnnualRate(B14,D14,F14,I14,J14),\"Enable Macros\")","v":4.5000000000000449E-2},{"$f":"VLOOKUP((B14*12)-11,Amortization_Schedule_Monthly,5,FALSE)","v":1220000},{"$f":"SUM(OFFSET($G$51:$G$62,(B14-1)*12,0))","v":54112.220508623621},{"$f":"SUM(OFFSET($H$51:$H$62,(B14-1)*12,0))","v":38507.648169978907},{"$f":"SUM(G14:H14)","v":92619.868678602536},{"$f":"VLOOKUP(B14*12,Amortization_Schedule_Monthly,9,FALSE)","v":1181492.3518300212},null,{"$f":"SUM(IF(B14>Hold,0,IF($B$51:$B$170>($B14-1)*12,IF($B$51:$B$170<=$B14*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},{"$f":"Loan_IO_IntCarry","v":0},{"$f":"IF(M14>=L14,L14,M14)*-1","v":0},{"$f":"SUM(M14:N14)","v":0}]
[null,2,{"$f":"RPMDateSpan(B15,1)","v":"Jan 23 - Dec 23"},{"$f":"IFERROR(RPMAnnualLoanType(B15),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMAnnualRate(B15,D15,F15,I15,J15),\"Enable Macros\")","v":4.4999999999999755E-2},1181492.3518300212,{"$f":"SUM(OFFSET($G$51:$G$62,(B15-1)*12,0))","v":52343.185888970162},{"$f":"SUM(OFFSET($H$51:$H$62,(B15-1)*12,0))","v":40276.682789632338},{"$f":"SUM(G15:H15)","v":92619.868678602506},1141215.6690403887,null,{"$f":"SUM(IF(B15>Hold,0,IF($B$51:$B$170>($B15-1)*12,IF($B$51:$B$170<=$B15*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},{"$f":"O14","v":0},{"$f":"IF(M15>=L15,L15,M15)*-1","v":0},{"$f":"SUM(M15:N15)","v":0}]
[null,3,"Jan 24 - Dec 24","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B16,D16,F16,I16,J16),\"Enable Macros\")","v":4.4999999999999901E-2},1141215.6690403887,50492.882128399091,42126.986550203408,92619.868678602506,1099088.6824901851,null,{"$f":"SUM(IF(B16>Hold,0,IF($B$51:$B$170>($B16-1)*12,IF($B$51:$B$170<=$B16*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},{"$f":"O15","v":0},{"$f":"IF(M16>=L16,L16,M16)*-1","v":0},{"$f":"SUM(M16:N16)","v":0}]
[null,4,"Jan 25 - Dec 25","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B17,D17,F17,I17,J17),\"Enable Macros\")","v":4.5000000000000109E-2},1099088.6824901851,48557.575736795421,44062.292941807049,92619.868678602477,1055026.3895483781,null,{"$f":"SUM(IF(B17>Hold,0,IF($B$51:$B$170>($B17-1)*12,IF($B$51:$B$170<=$B17*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,5,"Jan 26 - Dec 26","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B18,D18,F18,I18,J18),\"Enable Macros\")","v":4.5000000000001067E-2},1055026.3895483781,46533.361708161559,46086.506970440925,92619.868678602477,1008939.8825779371,null,{"$f":"SUM(IF(B18>Hold,0,IF($B$51:$B$170>($B18-1)*12,IF($B$51:$B$170<=$B18*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,6,"Jan 27 - Dec 27","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B19,D19,F19,I19,J19),\"Enable Macros\")","v":4.4999999999999173E-2},1008939.8825779371,44416.155641207544,48203.71303739494,92619.868678602477,960736.16954054206,null,{"$f":"SUM(IF(B19>Hold,0,IF($B$51:$B$170>($B19-1)*12,IF($B$51:$B$170<=$B19*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,7,"Jan 28 - Dec 28","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B20,D20,F20,I20,J20),\"Enable Macros\")","v":4.4999999999998333E-2},960736.16954054206,42201.685497962797,50418.18318063968,92619.868678602477,910317.98635990242,null,{"$f":"SUM(IF(B20>Hold,0,IF($B$51:$B$170>($B20-1)*12,IF($B$51:$B$170<=$B20*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,8,"Jan 29 - Dec 29","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B21,D21,F21,I21,J21),\"Enable Macros\")","v":4.4999999999998153E-2},910317.98635990242,39885.482983779766,52734.385694822719,92619.868678602477,857583.6006650799,null,{"$f":"SUM(IF(B21>Hold,0,IF($B$51:$B$170>($B21-1)*12,IF($B$51:$B$170<=$B21*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,9,"Jan 30 - Dec 30","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B22,D22,F22,I22,J22),\"Enable Macros\")","v":4.4999999999998187E-2},857583.6006650799,37462.874531336594,55156.994147265897,92619.868678602492,802426.60651781398,null,{"$f":"SUM(IF(B22>Hold,0,IF($B$51:$B$170>($B22-1)*12,IF($B$51:$B$170<=$B22*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,10,"Jan 31 - Dec 31","Amortizing",{"$f":"IFERROR(RPMAnnualRate(B23,D23,F23,I23,J23),\"Enable Macros\")","v":4.4999999999996404E-2},802426.60651781398,34928.971870446316,57690.896808156162,92619.868678602477,744735.70970965782,null,{"$f":"SUM(IF(B23>Hold,0,IF($B$51:$B$170>($B23-1)*12,IF($B$51:$B$170<=$B23*12,IF($D$51:$D$170=\"I/O\",$G$51:$G$170,0),0),0)))","v":0},0,0,0]
[null,"Total",null,null,{"$f":"IFERROR(RATE(Hold*12,-I24/(Hold*12),Loan_Amount,-VLOOKUP(Hold,Amortization_Schedule_Annual,9,FALSE))*12,\"-\")","v":4.5000000000001608E-2},"-",{"$f":"SUBTOTAL(109,G14:G23)","v":450934.39649568289},{"$f":"SUBTOTAL(109,H14:H23)","v":475264.290290342},{"$f":"SUBTOTAL(109,I14:I23)","v":926198.68678602506},"-"]
[]
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[]
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[]
[]
[]
[]
[]
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[]
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[]
[null,null,null,null,null,null,null,null,"www.realpropmetrics.com"]
[null,null,null,null,null,null,null,null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,null,null,null,null,null,null,null,{"$f":"TODAY()","v":"2022-02-23"}]
[]
[]
[null,"Monthly Summary"]
[null,"Month","Date","Loan Type","Rate","Beginning Balance","Interest","Principal","Total Payment","Ending Balance"]
[null,1,{"$f":"RPMDateSpan(B51,3)","v":"Jan 2022"},{"$f":"IFERROR(RPMLoanType(B51),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B51),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"IFERROR(RPMBeginningBalance(B51,D51),\"Enable Macros\")","v":1220000},{"$f":"IFERROR(F51*(RPMCanadian(D51,E51)/12),\"Enable Macros\")","v":4575},{"$f":"I51-G51","v":3143.3223898835422},{"$f":"IFERROR(RPMTotalPayment(B51,D51,E51,F51),\"Enable Macros\")","v":7718.3223898835422},{"$f":"IF(B51<=SUM(Loan_Amortization,Loan_IO_Term),F51-H51,0)","v":1216856.6776101165}]
[null,2,{"$f":"RPMDateSpan(B52,3)","v":"Feb 2022"},{"$f":"IFERROR(RPMLoanType(B52),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B52),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B52,D52,J51)","v":1216856.6776101165},{"$f":"IFERROR(F52*(RPMCanadian(D52,E52)/12),\"Enable Macros\")","v":4563.2125410379367},{"$f":"I52-G52","v":3155.1098488456046},{"$f":"IFERROR(RPMTotalPayment(B52,D52,E52,F52),\"Enable Macros\")","v":7718.3223898835413},1213701.567761271]
[null,3,"Mar 2022",{"$f":"IFERROR(RPMLoanType(B53),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B53),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B53,D53,J52)","v":1213701.567761271},{"$f":"IFERROR(F53*(RPMCanadian(D53,E53)/12),\"Enable Macros\")","v":4551.3808791047659},3166.9415107787772,{"$f":"IFERROR(RPMTotalPayment(B53,D53,E53,F53),\"Enable Macros\")","v":7718.3223898835431},1210534.6262504922]
[null,4,"Apr 2022",{"$f":"IFERROR(RPMLoanType(B54),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B54),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B54,D54,J53)","v":1210534.6262504922},{"$f":"IFERROR(F54*(RPMCanadian(D54,E54)/12),\"Enable Macros\")","v":4539.5048484393456},3178.8175414441985,{"$f":"IFERROR(RPMTotalPayment(B54,D54,E54,F54),\"Enable Macros\")","v":7718.322389883544},1207355.808709048]
[null,5,"May 2022",{"$f":"IFERROR(RPMLoanType(B55),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B55),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B55,D55,J54)","v":1207355.808709048},{"$f":"IFERROR(F55*(RPMCanadian(D55,E55)/12),\"Enable Macros\")","v":4527.5842826589296},3190.7381072246135,{"$f":"IFERROR(RPMTotalPayment(B55,D55,E55,F55),\"Enable Macros\")","v":7718.3223898835431},1204165.0706018233]
[null,6,"Jun 2022",{"$f":"IFERROR(RPMLoanType(B56),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B56),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B56,D56,J55)","v":1204165.0706018233},{"$f":"IFERROR(F56*(RPMCanadian(D56,E56)/12),\"Enable Macros\")","v":4515.6190147568368},3202.7033751267063,{"$f":"IFERROR(RPMTotalPayment(B56,D56,E56,F56),\"Enable Macros\")","v":7718.3223898835431},1200962.3672266966]
[null,7,"Jul 2022",{"$f":"IFERROR(RPMLoanType(B57),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B57),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B57,D57,J56)","v":1200962.3672266966},{"$f":"IFERROR(F57*(RPMCanadian(D57,E57)/12),\"Enable Macros\")","v":4503.6088771001123},3214.713512783429,{"$f":"IFERROR(RPMTotalPayment(B57,D57,E57,F57),\"Enable Macros\")","v":7718.3223898835413},1197747.6537139132]
[null,8,"Aug 2022",{"$f":"IFERROR(RPMLoanType(B58),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B58),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B58,D58,J57)","v":1197747.6537139132},{"$f":"IFERROR(F58*(RPMCanadian(D58,E58)/12),\"Enable Macros\")","v":4491.553701427174},3226.7686884563691,{"$f":"IFERROR(RPMTotalPayment(B58,D58,E58,F58),\"Enable Macros\")","v":7718.3223898835431},1194520.8850254568]
[null,9,"Sep 2022",{"$f":"IFERROR(RPMLoanType(B59),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B59),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B59,D59,J58)","v":1194520.8850254568},{"$f":"IFERROR(F59*(RPMCanadian(D59,E59)/12),\"Enable Macros\")","v":4479.4533188454625},3238.8690710380815,{"$f":"IFERROR(RPMTotalPayment(B59,D59,E59,F59),\"Enable Macros\")","v":7718.322389883544},1191282.0159544188]
[null,10,"Oct 2022",{"$f":"IFERROR(RPMLoanType(B60),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B60),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B60,D60,J59)","v":1191282.0159544188},{"$f":"IFERROR(F60*(RPMCanadian(D60,E60)/12),\"Enable Macros\")","v":4467.3075598290707},3251.0148300544734,{"$f":"IFERROR(RPMTotalPayment(B60,D60,E60,F60),\"Enable Macros\")","v":7718.322389883544},1188031.0011243643]
[null,11,"Nov 2022",{"$f":"IFERROR(RPMLoanType(B61),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B61),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B61,D61,J60)","v":1188031.0011243643},{"$f":"IFERROR(F61*(RPMCanadian(D61,E61)/12),\"Enable Macros\")","v":4455.1162542163656},3263.2061356671775,{"$f":"IFERROR(RPMTotalPayment(B61,D61,E61,F61),\"Enable Macros\")","v":7718.3223898835431},1184767.7949886972]
[null,12,"Dec 2022",{"$f":"IFERROR(RPMLoanType(B62),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B62),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B62,D62,J61)","v":1184767.7949886972},{"$f":"IFERROR(F62*(RPMCanadian(D62,E62)/12),\"Enable Macros\")","v":4442.8792312076139},3275.4431586759283,{"$f":"IFERROR(RPMTotalPayment(B62,D62,E62,F62),\"Enable Macros\")","v":7718.3223898835422},1181492.3518300212]
[null,13,"Jan 2023",{"$f":"IFERROR(RPMLoanType(B63),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B63),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B63,D63,J62)","v":1181492.3518300212},{"$f":"IFERROR(F63*(RPMCanadian(D63,E63)/12),\"Enable Macros\")","v":4430.5963193625794},3287.7260705209646,{"$f":"IFERROR(RPMTotalPayment(B63,D63,E63,F63),\"Enable Macros\")","v":7718.322389883544},1178204.6257595003]
[null,14,"Feb 2023",{"$f":"IFERROR(RPMLoanType(B64),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B64),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B64,D64,J63)","v":1178204.6257595003},{"$f":"IFERROR(F64*(RPMCanadian(D64,E64)/12),\"Enable Macros\")","v":4418.2673465981261},3300.055043285417,{"$f":"IFERROR(RPMTotalPayment(B64,D64,E64,F64),\"Enable Macros\")","v":7718.3223898835431},1174904.5707162148]
[null,15,"Mar 2023",{"$f":"IFERROR(RPMLoanType(B65),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B65),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B65,D65,J64)","v":1174904.5707162148},{"$f":"IFERROR(F65*(RPMCanadian(D65,E65)/12),\"Enable Macros\")","v":4405.8921401858051},3312.4302496977389,{"$f":"IFERROR(RPMTotalPayment(B65,D65,E65,F65),\"Enable Macros\")","v":7718.322389883544},1171592.1404665171]
[null,16,"Apr 2023",{"$f":"IFERROR(RPMLoanType(B66),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B66),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B66,D66,J65)","v":1171592.1404665171},{"$f":"IFERROR(F66*(RPMCanadian(D66,E66)/12),\"Enable Macros\")","v":4393.4705267494392},3324.851863134103,{"$f":"IFERROR(RPMTotalPayment(B66,D66,E66,F66),\"Enable Macros\")","v":7718.3223898835422},1168267.2886033829]
[null,17,"May 2023",{"$f":"IFERROR(RPMLoanType(B67),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B67),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B67,D67,J66)","v":1168267.2886033829},{"$f":"IFERROR(F67*(RPMCanadian(D67,E67)/12),\"Enable Macros\")","v":4381.0023322626857},3337.3200576208565,{"$f":"IFERROR(RPMTotalPayment(B67,D67,E67,F67),\"Enable Macros\")","v":7718.3223898835422},1164929.9685457621]
[null,18,"Jun 2023",{"$f":"IFERROR(RPMLoanType(B68),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B68),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B68,D68,J67)","v":1164929.9685457621},{"$f":"IFERROR(F68*(RPMCanadian(D68,E68)/12),\"Enable Macros\")","v":4368.4873820466082},3349.8350078369349,{"$f":"IFERROR(RPMTotalPayment(B68,D68,E68,F68),\"Enable Macros\")","v":7718.3223898835431},1161580.1335379251]
[null,19,"Jul 2023",{"$f":"IFERROR(RPMLoanType(B69),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B69),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B69,D69,J68)","v":1161580.1335379251},{"$f":"IFERROR(F69*(RPMCanadian(D69,E69)/12),\"Enable Macros\")","v":4355.9255007672191},3362.396889116324,{"$f":"IFERROR(RPMTotalPayment(B69,D69,E69,F69),\"Enable Macros\")","v":7718.3223898835431},1158217.7366488087]
[null,20,"Aug 2023",{"$f":"IFERROR(RPMLoanType(B70),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B70),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B70,D70,J69)","v":1158217.7366488087},{"$f":"IFERROR(F70*(RPMCanadian(D70,E70)/12),\"Enable Macros\")","v":4343.3165124330326},3375.0058774505087,{"$f":"IFERROR(RPMTotalPayment(B70,D70,E70,F70),\"Enable Macros\")","v":7718.3223898835413},1154842.7307713581]
[null,21,"Sep 2023",{"$f":"IFERROR(RPMLoanType(B71),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B71),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B71,D71,J70)","v":1154842.7307713581},{"$f":"IFERROR(F71*(RPMCanadian(D71,E71)/12),\"Enable Macros\")","v":4330.6602403925926},3387.6621494909468,{"$f":"IFERROR(RPMTotalPayment(B71,D71,E71,F71),\"Enable Macros\")","v":7718.3223898835395},1151455.0686218671]
[null,22,"Oct 2023",{"$f":"IFERROR(RPMLoanType(B72),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B72),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B72,D72,J71)","v":1151455.0686218671},{"$f":"IFERROR(F72*(RPMCanadian(D72,E72)/12),\"Enable Macros\")","v":4317.9565073320018},3400.3658825515386,{"$f":"IFERROR(RPMTotalPayment(B72,D72,E72,F72),\"Enable Macros\")","v":7718.3223898835404},1148054.7027393156]
[null,23,"Nov 2023",{"$f":"IFERROR(RPMLoanType(B73),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B73),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B73,D73,J72)","v":1148054.7027393156},{"$f":"IFERROR(F73*(RPMCanadian(D73,E73)/12),\"Enable Macros\")","v":4305.2051352724329},3413.1172546111084,{"$f":"IFERROR(RPMTotalPayment(B73,D73,E73,F73),\"Enable Macros\")","v":7718.3223898835413},1144641.5854847045]
[null,24,"Dec 2023",{"$f":"IFERROR(RPMLoanType(B74),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B74),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B74,D74,J73)","v":1144641.5854847045},{"$f":"IFERROR(F74*(RPMCanadian(D74,E74)/12),\"Enable Macros\")","v":4292.4059455676415},3425.9164443158988,{"$f":"IFERROR(RPMTotalPayment(B74,D74,E74,F74),\"Enable Macros\")","v":7718.3223898835404},1141215.6690403887]
[null,25,"Jan 2024",{"$f":"IFERROR(RPMLoanType(B75),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B75),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B75,D75,J74)","v":1141215.6690403887},{"$f":"IFERROR(F75*(RPMCanadian(D75,E75)/12),\"Enable Macros\")","v":4279.5587589014576},3438.7636309820846,{"$f":"IFERROR(RPMTotalPayment(B75,D75,E75,F75),\"Enable Macros\")","v":7718.3223898835422},1137776.9054094066]
[null,26,"Feb 2024",{"$f":"IFERROR(RPMLoanType(B76),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B76),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B76,D76,J75)","v":1137776.9054094066},{"$f":"IFERROR(F76*(RPMCanadian(D76,E76)/12),\"Enable Macros\")","v":4266.6633952852744},3451.6589945982669,{"$f":"IFERROR(RPMTotalPayment(B76,D76,E76,F76),\"Enable Macros\")","v":7718.3223898835413},1134325.2464148083]
[null,27,"Mar 2024",{"$f":"IFERROR(RPMLoanType(B77),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B77),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B77,D77,J76)","v":1134325.2464148083},{"$f":"IFERROR(F77*(RPMCanadian(D77,E77)/12),\"Enable Macros\")","v":4253.719674055531},3464.6027158280112,{"$f":"IFERROR(RPMTotalPayment(B77,D77,E77,F77),\"Enable Macros\")","v":7718.3223898835422},1130860.6436989803]
[null,28,"Apr 2024",{"$f":"IFERROR(RPMLoanType(B78),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B78),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B78,D78,J77)","v":1130860.6436989803},{"$f":"IFERROR(F78*(RPMCanadian(D78,E78)/12),\"Enable Macros\")","v":4240.7274138711764},3477.594976012364,{"$f":"IFERROR(RPMTotalPayment(B78,D78,E78,F78),\"Enable Macros\")","v":7718.3223898835404},1127383.048722968]
[null,29,"May 2024",{"$f":"IFERROR(RPMLoanType(B79),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B79),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B79,D79,J78)","v":1127383.048722968},{"$f":"IFERROR(F79*(RPMCanadian(D79,E79)/12),\"Enable Macros\")","v":4227.6864327111298},3490.6359571724106,{"$f":"IFERROR(RPMTotalPayment(B79,D79,E79,F79),\"Enable Macros\")","v":7718.3223898835404},1123892.4127657956]
[null,30,"Jun 2024",{"$f":"IFERROR(RPMLoanType(B80),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B80),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B80,D80,J79)","v":1123892.4127657956},{"$f":"IFERROR(F80*(RPMCanadian(D80,E80)/12),\"Enable Macros\")","v":4214.5965478717335},3503.7258420118087,{"$f":"IFERROR(RPMTotalPayment(B80,D80,E80,F80),\"Enable Macros\")","v":7718.3223898835422},1120388.6869237837]
[null,31,"Jul 2024",{"$f":"IFERROR(RPMLoanType(B81),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B81),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B81,D81,J80)","v":1120388.6869237837},{"$f":"IFERROR(F81*(RPMCanadian(D81,E81)/12),\"Enable Macros\")","v":4201.4575759641884},3516.8648139193547,{"$f":"IFERROR(RPMTotalPayment(B81,D81,E81,F81),\"Enable Macros\")","v":7718.3223898835431},1116871.8221098643]
[null,32,"Aug 2024",{"$f":"IFERROR(RPMLoanType(B82),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B82),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B82,D82,J81)","v":1116871.8221098643},{"$f":"IFERROR(F82*(RPMCanadian(D82,E82)/12),\"Enable Macros\")","v":4188.2693329119911},3530.0530569715493,{"$f":"IFERROR(RPMTotalPayment(B82,D82,E82,F82),\"Enable Macros\")","v":7718.3223898835404},1113341.7690528927]
[null,33,"Sep 2024",{"$f":"IFERROR(RPMLoanType(B83),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B83),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B83,D83,J82)","v":1113341.7690528927},{"$f":"IFERROR(F83*(RPMCanadian(D83,E83)/12),\"Enable Macros\")","v":4175.031633948347},3543.2907559351934,{"$f":"IFERROR(RPMTotalPayment(B83,D83,E83,F83),\"Enable Macros\")","v":7718.3223898835404},{"$f":"IF(B83<=SUM(Loan_Amortization,Loan_IO_Term),F83-H83,0)","v":1109798.4782969574}]
[null,34,"Oct 2024",{"$f":"IFERROR(RPMLoanType(B84),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B84),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B84,D84,J83)","v":1109798.4782969574},{"$f":"IFERROR(F84*(RPMCanadian(D84,E84)/12),\"Enable Macros\")","v":4161.7442936135903},3556.5780962699491,{"$f":"IFERROR(RPMTotalPayment(B84,D84,E84,F84),\"Enable Macros\")","v":7718.3223898835395},1106241.9002006876]
[null,35,"Nov 2024",{"$f":"IFERROR(RPMLoanType(B85),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B85),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B85,D85,J84)","v":1106241.9002006876},{"$f":"IFERROR(F85*(RPMCanadian(D85,E85)/12),\"Enable Macros\")","v":4148.4071257525784},3569.915264130962,{"$f":"IFERROR(RPMTotalPayment(B85,D85,E85,F85),\"Enable Macros\")","v":7718.3223898835404},1102671.9849365565]
[null,36,"Dec 2024",{"$f":"IFERROR(RPMLoanType(B86),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B86),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B86,D86,J85)","v":1102671.9849365565},{"$f":"IFERROR(F86*(RPMCanadian(D86,E86)/12),\"Enable Macros\")","v":4135.0199435120867},3583.3024463714537,{"$f":"IFERROR(RPMTotalPayment(B86,D86,E86,F86),\"Enable Macros\")","v":7718.3223898835404},1099088.6824901851]
[null,37,"Jan 2025",{"$f":"IFERROR(RPMLoanType(B87),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B87),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B87,D87,J86)","v":1099088.6824901851},{"$f":"IFERROR(F87*(RPMCanadian(D87,E87)/12),\"Enable Macros\")","v":4121.5825593381942},3596.739830545348,{"$f":"IFERROR(RPMTotalPayment(B87,D87,E87,F87),\"Enable Macros\")","v":7718.3223898835422},1095491.9426596398]
[null,38,"Feb 2025",{"$f":"IFERROR(RPMLoanType(B88),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B88),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B88,D88,J87)","v":1095491.9426596398},{"$f":"IFERROR(F88*(RPMCanadian(D88,E88)/12),\"Enable Macros\")","v":4108.0947849736485},3610.2276049098891,{"$f":"IFERROR(RPMTotalPayment(B88,D88,E88,F88),\"Enable Macros\")","v":7718.3223898835377},1091881.71505473]
[null,39,"Mar 2025",{"$f":"IFERROR(RPMLoanType(B89),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B89),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B89,D89,J88)","v":1091881.71505473},{"$f":"IFERROR(F89*(RPMCanadian(D89,E89)/12),\"Enable Macros\")","v":4094.5564314552371},3623.7659584283024,{"$f":"IFERROR(RPMTotalPayment(B89,D89,E89,F89),\"Enable Macros\")","v":7718.3223898835395},1088257.9490963016]
[null,40,"Apr 2025",{"$f":"IFERROR(RPMLoanType(B90),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B90),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B90,D90,J89)","v":1088257.9490963016},{"$f":"IFERROR(F90*(RPMCanadian(D90,E90)/12),\"Enable Macros\")","v":4080.9673091111308},3637.3550807724077,{"$f":"IFERROR(RPMTotalPayment(B90,D90,E90,F90),\"Enable Macros\")","v":7718.3223898835386},1084620.5940155291]
[null,41,"May 2025",{"$f":"IFERROR(RPMLoanType(B91),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B91),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B91,D91,J90)","v":1084620.5940155291},{"$f":"IFERROR(F91*(RPMCanadian(D91,E91)/12),\"Enable Macros\")","v":4067.327227558234},3650.9951623253055,{"$f":"IFERROR(RPMTotalPayment(B91,D91,E91,F91),\"Enable Macros\")","v":7718.3223898835395},1080969.5988532039]
[null,42,"Jun 2025",{"$f":"IFERROR(RPMLoanType(B92),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B92),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B92,D92,J91)","v":1080969.5988532039},{"$f":"IFERROR(F92*(RPMCanadian(D92,E92)/12),\"Enable Macros\")","v":4053.6359956995148},3664.6863941840256,{"$f":"IFERROR(RPMTotalPayment(B92,D92,E92,F92),\"Enable Macros\")","v":7718.3223898835404},1077304.9124590198]
[null,43,"Jul 2025",{"$f":"IFERROR(RPMLoanType(B93),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B93),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B93,D93,J92)","v":1077304.9124590198},{"$f":"IFERROR(F93*(RPMCanadian(D93,E93)/12),\"Enable Macros\")","v":4039.8934217213241},3678.4289681622154,{"$f":"IFERROR(RPMTotalPayment(B93,D93,E93,F93),\"Enable Macros\")","v":7718.3223898835395},1073626.4834908575]
[null,44,"Aug 2025",{"$f":"IFERROR(RPMLoanType(B94),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B94),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B94,D94,J93)","v":1073626.4834908575},{"$f":"IFERROR(F94*(RPMCanadian(D94,E94)/12),\"Enable Macros\")","v":4026.0993130907154},3692.223076792824,{"$f":"IFERROR(RPMTotalPayment(B94,D94,E94,F94),\"Enable Macros\")","v":7718.3223898835395},1069934.2604140646]
[null,45,"Sep 2025",{"$f":"IFERROR(RPMLoanType(B95),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B95),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B95,D95,J94)","v":1069934.2604140646},{"$f":"IFERROR(F95*(RPMCanadian(D95,E95)/12),\"Enable Macros\")","v":4012.2534765527421},3706.0689133307956,{"$f":"IFERROR(RPMTotalPayment(B95,D95,E95,F95),\"Enable Macros\")","v":7718.3223898835377},1066228.1915007338]
[null,46,"Oct 2025",{"$f":"IFERROR(RPMLoanType(B96),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B96),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B96,D96,J95)","v":1066228.1915007338},{"$f":"IFERROR(F96*(RPMCanadian(D96,E96)/12),\"Enable Macros\")","v":3998.355718127752},3719.9666717557857,{"$f":"IFERROR(RPMTotalPayment(B96,D96,E96,F96),\"Enable Macros\")","v":7718.3223898835377},1062508.2248289781]
[null,47,"Nov 2025",{"$f":"IFERROR(RPMLoanType(B97),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B97),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B97,D97,J96)","v":1062508.2248289781},{"$f":"IFERROR(F97*(RPMCanadian(D97,E97)/12),\"Enable Macros\")","v":3984.4058431086678},3733.9165467748726,{"$f":"IFERROR(RPMTotalPayment(B97,D97,E97,F97),\"Enable Macros\")","v":7718.3223898835404},1058774.3082822033]
[null,48,"Dec 2025",{"$f":"IFERROR(RPMLoanType(B98),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B98),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B98,D98,J97)","v":1058774.3082822033},{"$f":"IFERROR(F98*(RPMCanadian(D98,E98)/12),\"Enable Macros\")","v":3970.4036560582622},3747.9187338252773,{"$f":"IFERROR(RPMTotalPayment(B98,D98,E98,F98),\"Enable Macros\")","v":7718.3223898835395},1055026.3895483781]
[null,49,"Jan 2026",{"$f":"IFERROR(RPMLoanType(B99),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B99),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B99,D99,J98)","v":1055026.3895483781},{"$f":"IFERROR(F99*(RPMCanadian(D99,E99)/12),\"Enable Macros\")","v":3956.3489608064174},3761.973429077123,{"$f":"IFERROR(RPMTotalPayment(B99,D99,E99,F99),\"Enable Macros\")","v":7718.3223898835404},1051264.416119301]
[null,50,"Feb 2026",{"$f":"IFERROR(RPMLoanType(B100),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B100),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B100,D100,J99)","v":1051264.416119301},{"$f":"IFERROR(F100*(RPMCanadian(D100,E100)/12),\"Enable Macros\")","v":3942.2415604473786},3776.0808294361618,{"$f":"IFERROR(RPMTotalPayment(B100,D100,E100,F100),\"Enable Macros\")","v":7718.3223898835404},1047488.3352898648]
[null,51,"Mar 2026",{"$f":"IFERROR(RPMLoanType(B101),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B101),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B101,D101,J100)","v":1047488.3352898648},{"$f":"IFERROR(F101*(RPMCanadian(D101,E101)/12),\"Enable Macros\")","v":3928.0812573369931},3790.2411325465473,{"$f":"IFERROR(RPMTotalPayment(B101,D101,E101,F101),\"Enable Macros\")","v":7718.3223898835404},1043698.0941573182]
[null,52,"Apr 2026",{"$f":"IFERROR(RPMLoanType(B102),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B102),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B102,D102,J101)","v":1043698.0941573182},{"$f":"IFERROR(F102*(RPMCanadian(D102,E102)/12),\"Enable Macros\")","v":3913.8678530899433},3804.4545367935971,{"$f":"IFERROR(RPMTotalPayment(B102,D102,E102,F102),\"Enable Macros\")","v":7718.3223898835404},1039893.6396205246]
[null,53,"May 2026",{"$f":"IFERROR(RPMLoanType(B103),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B103),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B103,D103,J102)","v":1039893.6396205246},{"$f":"IFERROR(F103*(RPMCanadian(D103,E103)/12),\"Enable Macros\")","v":3899.6011485769673},3818.7212413065722,{"$f":"IFERROR(RPMTotalPayment(B103,D103,E103,F103),\"Enable Macros\")","v":7718.3223898835395},1036074.918379218]
[null,54,"Jun 2026",{"$f":"IFERROR(RPMLoanType(B104),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B104),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B104,D104,J103)","v":1036074.918379218},{"$f":"IFERROR(F104*(RPMCanadian(D104,E104)/12),\"Enable Macros\")","v":3885.2809439220673},3833.0414459614722,{"$f":"IFERROR(RPMTotalPayment(B104,D104,E104,F104),\"Enable Macros\")","v":7718.3223898835395},1032241.8769332565]
[null,55,"Jul 2026",{"$f":"IFERROR(RPMLoanType(B105),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B105),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B105,D105,J104)","v":1032241.8769332565},{"$f":"IFERROR(F105*(RPMCanadian(D105,E105)/12),\"Enable Macros\")","v":3870.9070384997117},3847.4153513838278,{"$f":"IFERROR(RPMTotalPayment(B105,D105,E105,F105),\"Enable Macros\")","v":7718.3223898835395},1028394.4615818727]
[null,56,"Aug 2026",{"$f":"IFERROR(RPMLoanType(B106),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B106),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B106,D106,J105)","v":1028394.4615818727},{"$f":"IFERROR(F106*(RPMCanadian(D106,E106)/12),\"Enable Macros\")","v":3856.4792309320223},3861.8431589515189,{"$f":"IFERROR(RPMTotalPayment(B106,D106,E106,F106),\"Enable Macros\")","v":7718.3223898835413},1024532.6184229212]
[null,57,"Sep 2026",{"$f":"IFERROR(RPMLoanType(B107),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B107),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B107,D107,J106)","v":1024532.6184229212},{"$f":"IFERROR(F107*(RPMCanadian(D107,E107)/12),\"Enable Macros\")","v":3841.9973190859541},3876.3250707975862,{"$f":"IFERROR(RPMTotalPayment(B107,D107,E107,F107),\"Enable Macros\")","v":7718.3223898835404},1020656.2933521236]
[null,58,"Oct 2026",{"$f":"IFERROR(RPMLoanType(B108),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B108),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B108,D108,J107)","v":1020656.2933521236},{"$f":"IFERROR(F108*(RPMCanadian(D108,E108)/12),\"Enable Macros\")","v":3827.4611000704631},3890.8612898130764,{"$f":"IFERROR(RPMTotalPayment(B108,D108,E108,F108),\"Enable Macros\")","v":7718.3223898835395},1016765.4320623105]
[null,59,"Nov 2026",{"$f":"IFERROR(RPMLoanType(B109),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B109),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B109,D109,J108)","v":1016765.4320623105},{"$f":"IFERROR(F109*(RPMCanadian(D109,E109)/12),\"Enable Macros\")","v":3812.8703702336643},3905.4520196498761,{"$f":"IFERROR(RPMTotalPayment(B109,D109,E109,F109),\"Enable Macros\")","v":7718.3223898835404},1012859.9800426606]
[null,60,"Dec 2026",{"$f":"IFERROR(RPMLoanType(B110),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B110),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B110,D110,J109)","v":1012859.9800426606},{"$f":"IFERROR(F110*(RPMCanadian(D110,E110)/12),\"Enable Macros\")","v":3798.2249251599769},3920.0974647235626,{"$f":"IFERROR(RPMTotalPayment(B110,D110,E110,F110),\"Enable Macros\")","v":7718.3223898835395},1008939.8825779371]
[null,61,"Jan 2027",{"$f":"IFERROR(RPMLoanType(B111),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B111),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B111,D111,J110)","v":1008939.8825779371},{"$f":"IFERROR(F111*(RPMCanadian(D111,E111)/12),\"Enable Macros\")","v":3783.5245596672639},3934.7978302162755,{"$f":"IFERROR(RPMTotalPayment(B111,D111,E111,F111),\"Enable Macros\")","v":7718.3223898835395},1005005.0847477209]
[null,62,"Feb 2027",{"$f":"IFERROR(RPMLoanType(B112),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B112),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B112,D112,J111)","v":1005005.0847477209},{"$f":"IFERROR(F112*(RPMCanadian(D112,E112)/12),\"Enable Macros\")","v":3768.769067803953},3949.5533220795883,{"$f":"IFERROR(RPMTotalPayment(B112,D112,E112,F112),\"Enable Macros\")","v":7718.3223898835413},1001055.5314256413]
[null,63,"Mar 2027",{"$f":"IFERROR(RPMLoanType(B113),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B113),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B113,D113,J112)","v":1001055.5314256413},{"$f":"IFERROR(F113*(RPMCanadian(D113,E113)/12),\"Enable Macros\")","v":3753.9582428461545},3964.3641470373859,{"$f":"IFERROR(RPMTotalPayment(B113,D113,E113,F113),\"Enable Macros\")","v":7718.3223898835404},997091.16727860388]
[null,64,"Apr 2027",{"$f":"IFERROR(RPMLoanType(B114),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B114),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B114,D114,J113)","v":997091.16727860388},{"$f":"IFERROR(F114*(RPMCanadian(D114,E114)/12),\"Enable Macros\")","v":3739.0918772947643},3979.230512588776,{"$f":"IFERROR(RPMTotalPayment(B114,D114,E114,F114),\"Enable Macros\")","v":7718.3223898835404},993111.93676601513]
[null,65,"May 2027",{"$f":"IFERROR(RPMLoanType(B115),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B115),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B115,D115,J114)","v":993111.93676601513},{"$f":"IFERROR(F115*(RPMCanadian(D115,E115)/12),\"Enable Macros\")","v":3724.1697628725565},3994.1526270109839,{"$f":"IFERROR(RPMTotalPayment(B115,D115,E115,F115),\"Enable Macros\")","v":7718.3223898835404},{"$f":"IF(B115<=SUM(Loan_Amortization,Loan_IO_Term),F115-H115,0)","v":989117.78413900419}]
[null,66,{"$f":"RPMDateSpan(B116,3)","v":"Jun 2027"},{"$f":"IFERROR(RPMLoanType(B116),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B116),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B116,D116,J115)","v":989117.78413900419},{"$f":"IFERROR(F116*(RPMCanadian(D116,E116)/12),\"Enable Macros\")","v":3709.1916905212656},{"$f":"I116-G116","v":4009.1306993622748},{"$f":"IFERROR(RPMTotalPayment(B116,D116,E116,F116),\"Enable Macros\")","v":7718.3223898835404},985108.65343964193]
[null,67,"Jul 2027",{"$f":"IFERROR(RPMLoanType(B117),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B117),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B117,D117,J116)","v":985108.65343964193},{"$f":"IFERROR(F117*(RPMCanadian(D117,E117)/12),\"Enable Macros\")","v":3694.1574503986571},4024.1649394848832,{"$f":"IFERROR(RPMTotalPayment(B117,D117,E117,F117),\"Enable Macros\")","v":7718.3223898835404},981084.48850015702]
[null,68,"Aug 2027",{"$f":"IFERROR(RPMLoanType(B118),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B118),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B118,D118,J117)","v":981084.48850015702},{"$f":"IFERROR(F118*(RPMCanadian(D118,E118)/12),\"Enable Macros\")","v":3679.0668318755888},4039.2555580079515,{"$f":"IFERROR(RPMTotalPayment(B118,D118,E118,F118),\"Enable Macros\")","v":7718.3223898835404},977045.23294214904]
[null,69,"Sep 2027",{"$f":"IFERROR(RPMLoanType(B119),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B119),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B119,D119,J118)","v":977045.23294214904},{"$f":"IFERROR(F119*(RPMCanadian(D119,E119)/12),\"Enable Macros\")","v":3663.9196235330587},4054.4027663504826,{"$f":"IFERROR(RPMTotalPayment(B119,D119,E119,F119),\"Enable Macros\")","v":7718.3223898835413},972990.8301757985]
[null,70,"Oct 2027",{"$f":"IFERROR(RPMLoanType(B120),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B120),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B120,D120,J119)","v":972990.8301757985},{"$f":"IFERROR(F120*(RPMCanadian(D120,E120)/12),\"Enable Macros\")","v":3648.7156131592442},4069.6067767242971,{"$f":"IFERROR(RPMTotalPayment(B120,D120,E120,F120),\"Enable Macros\")","v":7718.3223898835413},968921.22339907417]
[null,71,"Nov 2027",{"$f":"IFERROR(RPMLoanType(B121),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B121),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B121,D121,J120)","v":968921.22339907417},{"$f":"IFERROR(F121*(RPMCanadian(D121,E121)/12),\"Enable Macros\")","v":3633.454587746528},4084.8678021370106,{"$f":"IFERROR(RPMTotalPayment(B121,D121,E121,F121),\"Enable Macros\")","v":7718.3223898835386},964836.35559693712]
[null,72,"Dec 2027",{"$f":"IFERROR(RPMLoanType(B122),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B122),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B122,D122,J121)","v":964836.35559693712},{"$f":"IFERROR(F122*(RPMCanadian(D122,E122)/12),\"Enable Macros\")","v":3618.1363334885141},4100.1860563950249,{"$f":"IFERROR(RPMTotalPayment(B122,D122,E122,F122),\"Enable Macros\")","v":7718.3223898835395},960736.16954054206]
[null,73,"Jan 2028",{"$f":"IFERROR(RPMLoanType(B123),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B123),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B123,D123,J122)","v":960736.16954054206},{"$f":"IFERROR(F123*(RPMCanadian(D123,E123)/12),\"Enable Macros\")","v":3602.7606357770328},4115.5617541065058,{"$f":"IFERROR(RPMTotalPayment(B123,D123,E123,F123),\"Enable Macros\")","v":7718.3223898835386},956620.60778643552]
[null,74,"Feb 2028",{"$f":"IFERROR(RPMLoanType(B124),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B124),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B124,D124,J123)","v":956620.60778643552},{"$f":"IFERROR(F124*(RPMCanadian(D124,E124)/12),\"Enable Macros\")","v":3587.327279199133},4130.9951106844055,{"$f":"IFERROR(RPMTotalPayment(B124,D124,E124,F124),\"Enable Macros\")","v":7718.3223898835386},952489.61267575109]
[null,75,"Mar 2028",{"$f":"IFERROR(RPMLoanType(B125),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B125),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B125,D125,J124)","v":952489.61267575109},{"$f":"IFERROR(F125*(RPMCanadian(D125,E125)/12),\"Enable Macros\")","v":3571.8360475340664},4146.4863423494717,{"$f":"IFERROR(RPMTotalPayment(B125,D125,E125,F125),\"Enable Macros\")","v":7718.3223898835377},948343.12633340165]
[null,76,"Apr 2028",{"$f":"IFERROR(RPMLoanType(B126),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B126),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B126,D126,J125)","v":948343.12633340165},{"$f":"IFERROR(F126*(RPMCanadian(D126,E126)/12),\"Enable Macros\")","v":3556.286723750256},4162.0356661332835,{"$f":"IFERROR(RPMTotalPayment(B126,D126,E126,F126),\"Enable Macros\")","v":7718.3223898835395},944181.09066726838]
[null,77,"May 2028",{"$f":"IFERROR(RPMLoanType(B127),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B127),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B127,D127,J126)","v":944181.09066726838},{"$f":"IFERROR(F127*(RPMCanadian(D127,E127)/12),\"Enable Macros\")","v":3540.6790900022561},4177.6432998812825,{"$f":"IFERROR(RPMTotalPayment(B127,D127,E127,F127),\"Enable Macros\")","v":7718.3223898835386},940003.44736738713]
[null,78,"Jun 2028",{"$f":"IFERROR(RPMLoanType(B128),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B128),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B128,D128,J127)","v":940003.44736738713},{"$f":"IFERROR(F128*(RPMCanadian(D128,E128)/12),\"Enable Macros\")","v":3525.0129276277016},4193.3094622558365,{"$f":"IFERROR(RPMTotalPayment(B128,D128,E128,F128),\"Enable Macros\")","v":7718.3223898835386},935810.13790513133]
[null,79,"Jul 2028",{"$f":"IFERROR(RPMLoanType(B129),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B129),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B129,D129,J128)","v":935810.13790513133},{"$f":"IFERROR(F129*(RPMCanadian(D129,E129)/12),\"Enable Macros\")","v":3509.2880171442425},4209.0343727392974,{"$f":"IFERROR(RPMTotalPayment(B129,D129,E129,F129),\"Enable Macros\")","v":7718.3223898835404},931601.10353239207]
[null,80,"Aug 2028",{"$f":"IFERROR(RPMLoanType(B130),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B130),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B130,D130,J129)","v":931601.10353239207},{"$f":"IFERROR(F130*(RPMCanadian(D130,E130)/12),\"Enable Macros\")","v":3493.5041382464701},4224.8182516370707,{"$f":"IFERROR(RPMTotalPayment(B130,D130,E130,F130),\"Enable Macros\")","v":7718.3223898835404},927376.28528075502]
[null,81,"Sep 2028",{"$f":"IFERROR(RPMLoanType(B131),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B131),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B131,D131,J130)","v":927376.28528075502},{"$f":"IFERROR(F131*(RPMCanadian(D131,E131)/12),\"Enable Macros\")","v":3477.6610698028312},4240.6613200807078,{"$f":"IFERROR(RPMTotalPayment(B131,D131,E131,F131),\"Enable Macros\")","v":7718.3223898835386},923135.62396067427]
[null,82,"Oct 2028",{"$f":"IFERROR(RPMLoanType(B132),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B132),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B132,D132,J131)","v":923135.62396067427},{"$f":"IFERROR(F132*(RPMCanadian(D132,E132)/12),\"Enable Macros\")","v":3461.7585898525285},4256.5638000310109,{"$f":"IFERROR(RPMTotalPayment(B132,D132,E132,F132),\"Enable Macros\")","v":7718.3223898835395},918879.0601606433]
[null,83,"Nov 2028",{"$f":"IFERROR(RPMLoanType(B133),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B133),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B133,D133,J132)","v":918879.0601606433},{"$f":"IFERROR(F133*(RPMCanadian(D133,E133)/12),\"Enable Macros\")","v":3445.7964756024121},4272.5259142811292,{"$f":"IFERROR(RPMTotalPayment(B133,D133,E133,F133),\"Enable Macros\")","v":7718.3223898835413},914606.53424636216]
[null,84,"Dec 2028",{"$f":"IFERROR(RPMLoanType(B134),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B134),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B134,D134,J133)","v":914606.53424636216},{"$f":"IFERROR(F134*(RPMCanadian(D134,E134)/12),\"Enable Macros\")","v":3429.7745034238578},4288.5478864596826,{"$f":"IFERROR(RPMTotalPayment(B134,D134,E134,F134),\"Enable Macros\")","v":7718.3223898835404},910317.98635990242]
[null,85,"Jan 2029",{"$f":"IFERROR(RPMLoanType(B135),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B135),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B135,D135,J134)","v":910317.98635990242},{"$f":"IFERROR(F135*(RPMCanadian(D135,E135)/12),\"Enable Macros\")","v":3413.6924488496338},4304.6299410339034,{"$f":"IFERROR(RPMTotalPayment(B135,D135,E135,F135),\"Enable Macros\")","v":7718.3223898835377},906013.35641886853]
[null,86,"Feb 2029",{"$f":"IFERROR(RPMLoanType(B136),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B136),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B136,D136,J135)","v":906013.35641886853},{"$f":"IFERROR(F136*(RPMCanadian(D136,E136)/12),\"Enable Macros\")","v":3397.5500865707568},4320.7723033127841,{"$f":"IFERROR(RPMTotalPayment(B136,D136,E136,F136),\"Enable Macros\")","v":7718.3223898835404},901692.58411555574]
[null,87,"Mar 2029",{"$f":"IFERROR(RPMLoanType(B137),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B137),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B137,D137,J136)","v":901692.58411555574},{"$f":"IFERROR(F137*(RPMCanadian(D137,E137)/12),\"Enable Macros\")","v":3381.3471904333337},4336.9751994502067,{"$f":"IFERROR(RPMTotalPayment(B137,D137,E137,F137),\"Enable Macros\")","v":7718.3223898835404},897355.60891610559]
[null,88,"Apr 2029",{"$f":"IFERROR(RPMLoanType(B138),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B138),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B138,D138,J137)","v":897355.60891610559},{"$f":"IFERROR(F138*(RPMCanadian(D138,E138)/12),\"Enable Macros\")","v":3365.083533435396},4353.2388564481435,{"$f":"IFERROR(RPMTotalPayment(B138,D138,E138,F138),\"Enable Macros\")","v":7718.3223898835395},893002.37005965749]
[null,89,"May 2029",{"$f":"IFERROR(RPMLoanType(B139),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B139),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B139,D139,J138)","v":893002.37005965749},{"$f":"IFERROR(F139*(RPMCanadian(D139,E139)/12),\"Enable Macros\")","v":3348.7588877237154},4369.5635021598227,{"$f":"IFERROR(RPMTotalPayment(B139,D139,E139,F139),\"Enable Macros\")","v":7718.3223898835386},888632.80655749771]
[null,90,"Jun 2029",{"$f":"IFERROR(RPMLoanType(B140),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B140),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B140,D140,J139)","v":888632.80655749771},{"$f":"IFERROR(F140*(RPMCanadian(D140,E140)/12),\"Enable Macros\")","v":3332.3730245906163},4385.9493652929241,{"$f":"IFERROR(RPMTotalPayment(B140,D140,E140,F140),\"Enable Macros\")","v":7718.3223898835404},884246.8571922048]
[null,91,"Jul 2029",{"$f":"IFERROR(RPMLoanType(B141),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B141),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B141,D141,J140)","v":884246.8571922048},{"$f":"IFERROR(F141*(RPMCanadian(D141,E141)/12),\"Enable Macros\")","v":3315.9257144707681},4402.3966754127723,{"$f":"IFERROR(RPMTotalPayment(B141,D141,E141,F141),\"Enable Macros\")","v":7718.3223898835404},879844.46051679202]
[null,92,"Aug 2029",{"$f":"IFERROR(RPMLoanType(B142),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B142),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B142,D142,J141)","v":879844.46051679202},{"$f":"IFERROR(F142*(RPMCanadian(D142,E142)/12),\"Enable Macros\")","v":3299.41672693797},4418.9056629455699,{"$f":"IFERROR(RPMTotalPayment(B142,D142,E142,F142),\"Enable Macros\")","v":7718.3223898835395},875425.55485384644]
[null,93,"Sep 2029",{"$f":"IFERROR(RPMLoanType(B143),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B143),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B143,D143,J142)","v":875425.55485384644},{"$f":"IFERROR(F143*(RPMCanadian(D143,E143)/12),\"Enable Macros\")","v":3282.8458307019241},4435.4765591816176,{"$f":"IFERROR(RPMTotalPayment(B143,D143,E143,F143),\"Enable Macros\")","v":7718.3223898835413},870990.07829466485]
[null,94,"Oct 2029",{"$f":"IFERROR(RPMLoanType(B144),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B144),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B144,D144,J143)","v":870990.07829466485},{"$f":"IFERROR(F144*(RPMCanadian(D144,E144)/12),\"Enable Macros\")","v":3266.2127936049933},4452.1095962785475,{"$f":"IFERROR(RPMTotalPayment(B144,D144,E144,F144),\"Enable Macros\")","v":7718.3223898835413},866537.96869838634]
[null,95,"Nov 2029",{"$f":"IFERROR(RPMLoanType(B145),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B145),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B145,D145,J144)","v":866537.96869838634},{"$f":"IFERROR(F145*(RPMCanadian(D145,E145)/12),\"Enable Macros\")","v":3249.5173826189484},4468.8050072645929,{"$f":"IFERROR(RPMTotalPayment(B145,D145,E145,F145),\"Enable Macros\")","v":7718.3223898835413},862069.16369112174]
[null,96,"Dec 2029",{"$f":"IFERROR(RPMLoanType(B146),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B146),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B146,D146,J145)","v":862069.16369112174},{"$f":"IFERROR(F146*(RPMCanadian(D146,E146)/12),\"Enable Macros\")","v":3232.7593638417065},4485.5630260418347,{"$f":"IFERROR(RPMTotalPayment(B146,D146,E146,F146),\"Enable Macros\")","v":7718.3223898835413},857583.6006650799]
[null,97,"Jan 2030",{"$f":"IFERROR(RPMLoanType(B147),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B147),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B147,D147,J146)","v":857583.6006650799},{"$f":"IFERROR(F147*(RPMCanadian(D147,E147)/12),\"Enable Macros\")","v":3215.9385024940493},4502.3838873894911,{"$f":"IFERROR(RPMTotalPayment(B147,D147,E147,F147),\"Enable Macros\")","v":7718.3223898835404},{"$f":"IF(B147<=SUM(Loan_Amortization,Loan_IO_Term),F147-H147,0)","v":853081.21677769045}]
[null,98,"Feb 2030",{"$f":"IFERROR(RPMLoanType(B148),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B148),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B148,D148,J147)","v":853081.21677769045},{"$f":"IFERROR(F148*(RPMCanadian(D148,E148)/12),\"Enable Macros\")","v":3199.0545629163389},4519.2678269672033,{"$f":"IFERROR(RPMTotalPayment(B148,D148,E148,F148),\"Enable Macros\")","v":7718.3223898835422},848561.94895072328]
[null,99,"Mar 2030",{"$f":"IFERROR(RPMLoanType(B149),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B149),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B149,D149,J148)","v":848561.94895072328},{"$f":"IFERROR(F149*(RPMCanadian(D149,E149)/12),\"Enable Macros\")","v":3182.1073085652124},4536.2150813183298,{"$f":"IFERROR(RPMTotalPayment(B149,D149,E149,F149),\"Enable Macros\")","v":7718.3223898835422},844025.733869405]
[null,100,"Apr 2030",{"$f":"IFERROR(RPMLoanType(B150),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B150),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B150,D150,J149)","v":844025.733869405},{"$f":"IFERROR(F150*(RPMCanadian(D150,E150)/12),\"Enable Macros\")","v":3165.0965020102685},4553.2258878732737,{"$f":"IFERROR(RPMTotalPayment(B150,D150,E150,F150),\"Enable Macros\")","v":7718.3223898835422},839472.50798153167]
[null,101,"May 2030",{"$f":"IFERROR(RPMLoanType(B151),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B151),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B151,D151,J150)","v":839472.50798153167},{"$f":"IFERROR(F151*(RPMCanadian(D151,E151)/12),\"Enable Macros\")","v":3148.0219049307439},4570.3004849527952,{"$f":"IFERROR(RPMTotalPayment(B151,D151,E151,F151),\"Enable Macros\")","v":7718.3223898835395},834902.20749657892]
[null,102,"Jun 2030",{"$f":"IFERROR(RPMLoanType(B152),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B152),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B152,D152,J151)","v":834902.20749657892},{"$f":"IFERROR(F152*(RPMCanadian(D152,E152)/12),\"Enable Macros\")","v":3130.883278112171},4587.4391117713703,{"$f":"IFERROR(RPMTotalPayment(B152,D152,E152,F152),\"Enable Macros\")","v":7718.3223898835413},830314.76838480751]
[null,103,"Jul 2030",{"$f":"IFERROR(RPMLoanType(B153),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B153),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B153,D153,J152)","v":830314.76838480751},{"$f":"IFERROR(F153*(RPMCanadian(D153,E153)/12),\"Enable Macros\")","v":3113.6803814430282},4604.6420084405127,{"$f":"IFERROR(RPMTotalPayment(B153,D153,E153,F153),\"Enable Macros\")","v":7718.3223898835413},825710.12637636694]
[null,104,"Aug 2030",{"$f":"IFERROR(RPMLoanType(B154),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B154),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B154,D154,J153)","v":825710.12637636694},{"$f":"IFERROR(F154*(RPMCanadian(D154,E154)/12),\"Enable Macros\")","v":3096.412973911376},4621.9094159721662,{"$f":"IFERROR(RPMTotalPayment(B154,D154,E154,F154),\"Enable Macros\")","v":7718.3223898835422},821088.21696039476]
[null,105,"Sep 2030",{"$f":"IFERROR(RPMLoanType(B155),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B155),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B155,D155,J154)","v":821088.21696039476},{"$f":"IFERROR(F155*(RPMCanadian(D155,E155)/12),\"Enable Macros\")","v":3079.0808136014803},4639.2415762820601,{"$f":"IFERROR(RPMTotalPayment(B155,D155,E155,F155),\"Enable Macros\")","v":7718.3223898835404},816448.97538411268]
[null,106,"Oct 2030",{"$f":"IFERROR(RPMLoanType(B156),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B156),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B156,D156,J155)","v":816448.97538411268},{"$f":"IFERROR(F156*(RPMCanadian(D156,E156)/12),\"Enable Macros\")","v":3061.6836576904225},4656.6387321931179,{"$f":"IFERROR(RPMTotalPayment(B156,D156,E156,F156),\"Enable Macros\")","v":7718.3223898835404},811792.33665191953]
[null,107,"Nov 2030",{"$f":"IFERROR(RPMLoanType(B157),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B157),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B157,D157,J156)","v":811792.33665191953},{"$f":"IFERROR(F157*(RPMCanadian(D157,E157)/12),\"Enable Macros\")","v":3044.2212624446979},4674.1011274388438,{"$f":"IFERROR(RPMTotalPayment(B157,D157,E157,F157),\"Enable Macros\")","v":7718.3223898835413},807118.2355244807]
[null,108,"Dec 2030",{"$f":"IFERROR(RPMLoanType(B158),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B158),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B158,D158,J157)","v":807118.2355244807},{"$f":"IFERROR(F158*(RPMCanadian(D158,E158)/12),\"Enable Macros\")","v":3026.6933832168024},4691.629006666738,{"$f":"IFERROR(RPMTotalPayment(B158,D158,E158,F158),\"Enable Macros\")","v":7718.3223898835404},802426.60651781398]
[null,109,"Jan 2031",{"$f":"IFERROR(RPMLoanType(B159),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B159),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B159,D159,J158)","v":802426.60651781398},{"$f":"IFERROR(F159*(RPMCanadian(D159,E159)/12),\"Enable Macros\")","v":3009.0997744418023},4709.2226154417385,{"$f":"IFERROR(RPMTotalPayment(B159,D159,E159,F159),\"Enable Macros\")","v":7718.3223898835413},797717.38390237221]
[null,110,"Feb 2031",{"$f":"IFERROR(RPMLoanType(B160),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B160),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B160,D160,J159)","v":797717.38390237221},{"$f":"IFERROR(F160*(RPMCanadian(D160,E160)/12),\"Enable Macros\")","v":2991.4401896338959},4726.8822002496436,{"$f":"IFERROR(RPMTotalPayment(B160,D160,E160,F160),\"Enable Macros\")","v":7718.3223898835395},792990.50170212262]
[null,111,"Mar 2031",{"$f":"IFERROR(RPMLoanType(B161),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B161),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B161,D161,J160)","v":792990.50170212262},{"$f":"IFERROR(F161*(RPMCanadian(D161,E161)/12),\"Enable Macros\")","v":2973.7143813829598},4744.6080085005797,{"$f":"IFERROR(RPMTotalPayment(B161,D161,E161,F161),\"Enable Macros\")","v":7718.3223898835395},788245.89369362209]
[null,112,"Apr 2031",{"$f":"IFERROR(RPMLoanType(B162),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B162),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B162,D162,J161)","v":788245.89369362209},{"$f":"IFERROR(F162*(RPMCanadian(D162,E162)/12),\"Enable Macros\")","v":2955.9221013510828},4762.4002885324571,{"$f":"IFERROR(RPMTotalPayment(B162,D162,E162,F162),\"Enable Macros\")","v":7718.3223898835404},783483.4934050896]
[null,113,"May 2031",{"$f":"IFERROR(RPMLoanType(B163),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B163),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B163,D163,J162)","v":783483.4934050896},{"$f":"IFERROR(F163*(RPMCanadian(D163,E163)/12),\"Enable Macros\")","v":2938.0631002690857},4780.2592896144542,{"$f":"IFERROR(RPMTotalPayment(B163,D163,E163,F163),\"Enable Macros\")","v":7718.3223898835404},778703.23411547509]
[null,114,"Jun 2031",{"$f":"IFERROR(RPMLoanType(B164),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B164),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B164,D164,J163)","v":778703.23411547509},{"$f":"IFERROR(F164*(RPMCanadian(D164,E164)/12),\"Enable Macros\")","v":2920.1371279330315},4798.1852619505098,{"$f":"IFERROR(RPMTotalPayment(B164,D164,E164,F164),\"Enable Macros\")","v":7718.3223898835413},773905.04885352461]
[null,115,"Jul 2031",{"$f":"IFERROR(RPMLoanType(B165),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B165),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B165,D165,J164)","v":773905.04885352461},{"$f":"IFERROR(F165*(RPMCanadian(D165,E165)/12),\"Enable Macros\")","v":2902.1439332007171},4816.1784566828228,{"$f":"IFERROR(RPMTotalPayment(B165,D165,E165,F165),\"Enable Macros\")","v":7718.3223898835404},769088.87039684178]
[null,116,"Aug 2031",{"$f":"IFERROR(RPMLoanType(B166),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B166),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B166,D166,J165)","v":769088.87039684178},{"$f":"IFERROR(F166*(RPMCanadian(D166,E166)/12),\"Enable Macros\")","v":2884.0832639881564},4834.2391258953839,{"$f":"IFERROR(RPMTotalPayment(B166,D166,E166,F166),\"Enable Macros\")","v":7718.3223898835404},764254.63127094635]
[null,117,"Sep 2031",{"$f":"IFERROR(RPMLoanType(B167),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B167),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B167,D167,J166)","v":764254.63127094635},{"$f":"IFERROR(F167*(RPMCanadian(D167,E167)/12),\"Enable Macros\")","v":2865.9548672660485},4852.3675226174919,{"$f":"IFERROR(RPMTotalPayment(B167,D167,E167,F167),\"Enable Macros\")","v":7718.3223898835404},759402.2637483289]
[null,118,"Oct 2031",{"$f":"IFERROR(RPMLoanType(B168),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B168),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B168,D168,J167)","v":759402.2637483289},{"$f":"IFERROR(F168*(RPMCanadian(D168,E168)/12),\"Enable Macros\")","v":2847.7584890562334},4870.5639008273083,{"$f":"IFERROR(RPMTotalPayment(B168,D168,E168,F168),\"Enable Macros\")","v":7718.3223898835413},754531.69984750159]
[null,119,"Nov 2031",{"$f":"IFERROR(RPMLoanType(B169),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B169),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B169,D169,J168)","v":754531.69984750159},{"$f":"IFERROR(F169*(RPMCanadian(D169,E169)/12),\"Enable Macros\")","v":2829.4938744281308},4888.8285154554087,{"$f":"IFERROR(RPMTotalPayment(B169,D169,E169,F169),\"Enable Macros\")","v":7718.3223898835395},749642.87133204623]
[null,120,"Dec 2031",{"$f":"IFERROR(RPMLoanType(B170),\"Enable Macros\")","v":"Amortizing"},{"$f":"IFERROR(RPMInterestRate(B170),\"Enable Macros\")","v":4.4999999999999998E-2},{"$f":"RPMBeginningBalance(B170,D170,J169)","v":749642.87133204623},{"$f":"IFERROR(F170*(RPMCanadian(D170,E170)/12),\"Enable Macros\")","v":2811.1607674951733},4907.1616223883684,{"$f":"IFERROR(RPMTotalPayment(B170,D170,E170,F170),\"Enable Macros\")","v":7718.3223898835413},744735.70970965782]

{"sheet":"Sources & Uses","index":11,"n_rows":39,"n_cols":14,"rows_kept":39,"cut":false,"hidden":false,"merged":[[36,1,36,13],[37,1,37,13],[38,1,38,13]]}
[]
[null,"Sources & Uses"]
[]
[null,"Period",0,1,2,3,4,5,6,7,8,9,10,"Total"]
[null,null,null,{"$f":"RPMDateSpan(D4,1)","v":"Jan 22 - Dec 22"},{"$f":"RPMDateSpan(E4,1)","v":"Jan 23 - Dec 23"},"Jan 24 - Dec 24","Jan 25 - Dec 25","Jan 26 - Dec 26","Jan 27 - Dec 27","Jan 28 - Dec 28","Jan 29 - Dec 29","Jan 30 - Dec 30","Jan 31 - Dec 31"]
[]
[null,"Sources Of Capital"]
[null,"Debt Proceeds",{"$f":"IF(AND(Loan_IO_Status=\"Fund Up\",Loan_IO_Term>0,Loan_IO_Approval=\"Yes\"),0,Loan_Amount)","v":1220000},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(D4*12<=Loan_IO_MonthFunded,VLOOKUP(D4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:C8),IF(AND(Loan_IO_MonthFunded>C4*12,Loan_IO_MonthFunded<=D4*12),Loan_Amount-SUM($C$8:C8),0)))","v":-38507.648169978755},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(E4*12<=Loan_IO_MonthFunded,VLOOKUP(E4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:D8),IF(AND(Loan_IO_MonthFunded>D4*12,Loan_IO_MonthFunded<=E4*12),Loan_Amount-SUM($C$8:D8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(F4*12<=Loan_IO_MonthFunded,VLOOKUP(F4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:E8),IF(AND(Loan_IO_MonthFunded>E4*12,Loan_IO_MonthFunded<=F4*12),Loan_Amount-SUM($C$8:E8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(G4*12<=Loan_IO_MonthFunded,VLOOKUP(G4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:F8),IF(AND(Loan_IO_MonthFunded>F4*12,Loan_IO_MonthFunded<=G4*12),Loan_Amount-SUM($C$8:F8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(H4*12<=Loan_IO_MonthFunded,VLOOKUP(H4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:G8),IF(AND(Loan_IO_MonthFunded>G4*12,Loan_IO_MonthFunded<=H4*12),Loan_Amount-SUM($C$8:G8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(I4*12<=Loan_IO_MonthFunded,VLOOKUP(I4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:H8),IF(AND(Loan_IO_MonthFunded>H4*12,Loan_IO_MonthFunded<=I4*12),Loan_Amount-SUM($C$8:H8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(J4*12<=Loan_IO_MonthFunded,VLOOKUP(J4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:I8),IF(AND(Loan_IO_MonthFunded>I4*12,Loan_IO_MonthFunded<=J4*12),Loan_Amount-SUM($C$8:I8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(K4*12<=Loan_IO_MonthFunded,VLOOKUP(K4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:J8),IF(AND(Loan_IO_MonthFunded>J4*12,Loan_IO_MonthFunded<=K4*12),Loan_Amount-SUM($C$8:J8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(L4*12<=Loan_IO_MonthFunded,VLOOKUP(L4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:K8),IF(AND(Loan_IO_MonthFunded>K4*12,Loan_IO_MonthFunded<=L4*12),Loan_Amount-SUM($C$8:K8),0)))","v":0},{"$f":"IF(AND(Loan_IO_Status<>\"Fund Up\",Loan_IO_Approval=\"No\"),0,IF(M4*12<=Loan_IO_MonthFunded,VLOOKUP(M4,Amortization_Schedule_Annual,9,FALSE)-SUM($C$8:L8),IF(AND(Loan_IO_MonthFunded>L4*12,Loan_IO_MonthFunded<=M4*12),Loan_Amount-SUM($C$8:L8),0)))","v":0},{"$f":"SUM(C8:M8)","v":1181492.3518300212}]
[null,"Refinance Proceeds",0,{"$f":"IF(Hold<D4,0,IF(ROUNDUP((Loan_IO_Term+1)/12,0)=D4,Loan_Amount_Amortizing-Loan_Amount,0))","v":0},0,0,0,0,0,0,0,0,0,{"$f":"SUM(C9:M9)","v":0}]
[null,"Equity Contributions",{"$f":"Equity_Amount","v":792200},{"$f":"IF('Return Detail'!F85<0,-'Return Detail'!F85,0)","v":0},{"$f":"IF('Return Detail'!G85<0,-'Return Detail'!G85,0)","v":0},{"$f":"IF('Return Detail'!H85<0,-'Return Detail'!H85,0)","v":0},{"$f":"IF('Return Detail'!I85<0,-'Return Detail'!I85,0)","v":0},{"$f":"IF('Return Detail'!J85<0,-'Return Detail'!J85,0)","v":0},{"$f":"IF('Return Detail'!K85<0,-'Return Detail'!K85,0)","v":0},{"$f":"IF('Return Detail'!L85<0,-'Return Detail'!L85,0)","v":2517.3998652723749},{"$f":"IF('Return Detail'!M85<0,-'Return Detail'!M85,0)","v":28198.012927399483},{"$f":"IF('Return Detail'!N85<0,-'Return Detail'!N85,0)","v":24650.573962150207},{"$f":"IF('Return Detail'!O85<0,-'Return Detail'!O85,0)","v":0},{"$f":"SUM(C10:M10)","v":847565.98675482208}]
[null,"Net Operating Income",0,{"$f":"IF('Return Detail'!F$6>0,'Return Detail'!F$6,0)","v":118520.80000000002},{"$f":"IF('Return Detail'!G$6>0,'Return Detail'!G$6,0)","v":116681.80000000002},{"$f":"IF('Return Detail'!H$6>0,'Return Detail'!H$6,0)","v":88965.52027839997},{"$f":"IF('Return Detail'!I$6>0,'Return Detail'!I$6,0)","v":120568.41330639998},{"$f":"IF('Return Detail'!J$6>0,'Return Detail'!J$6,0)","v":101861.31789580006},{"$f":"IF('Return Detail'!K$6>0,'Return Detail'!K$6,0)","v":140118.41942460998},{"$f":"IF('Return Detail'!L$6>0,'Return Detail'!L$6,0)","v":142856.47701317229},{"$f":"IF('Return Detail'!M$6>0,'Return Detail'!M$6,0)","v":126967.13609425546},{"$f":"IF('Return Detail'!N$6>0,'Return Detail'!N$6,0)","v":157513.83136133914},{"$f":"IF('Return Detail'!O$6>0,'Return Detail'!O$6,0)","v":162539.96393366726},1276593.679307644]
[null,"Non-Regular Income",0,{"$f":"'Return Detail'!F$8","v":0},{"$f":"'Return Detail'!G$8","v":0},{"$f":"'Return Detail'!H$8","v":3654.3484002025361},{"$f":"'Return Detail'!I$8","v":0},{"$f":"'Return Detail'!J$8","v":0},{"$f":"'Return Detail'!K$8","v":0},{"$f":"'Return Detail'!L$8","v":0},{"$f":"'Return Detail'!M$8","v":0},{"$f":"'Return Detail'!N$8","v":0},{"$f":"'Return Detail'!O$8","v":10000},13654.348400202536]
[null,"Reserve Draw for Taxes",0,{"$f":"'Return Detail'!F$82","v":0},{"$f":"'Return Detail'!G$82","v":584.95203851556653},{"$f":"'Return Detail'!H$82","v":64550.458440219605},{"$f":"'Return Detail'!I$82","v":0},{"$f":"'Return Detail'!J$82","v":67650.037202861859},{"$f":"'Return Detail'!K$82","v":0},{"$f":"'Return Detail'!L$82","v":33560.203918200437},{"$f":"'Return Detail'!M$82","v":10000},{"$f":"'Return Detail'!N$82","v":10000},{"$f":"'Return Detail'!O$82","v":0},186345.65159979748]
[null,"Gross Proceeds from Sale",0,{"$f":"'Return Detail'!F$10","v":0},{"$f":"'Return Detail'!G$10","v":0},{"$f":"'Return Detail'!H$10","v":0},{"$f":"'Return Detail'!I$10","v":0},{"$f":"'Return Detail'!J$10","v":0},{"$f":"'Return Detail'!K$10","v":0},{"$f":"'Return Detail'!L$10","v":0},{"$f":"'Return Detail'!M$10","v":0},{"$f":"'Return Detail'!N$10","v":0},{"$f":"'Return Detail'!O$10","v":2734023.0499539273},2734023.0499539273]
[null,"Total Sources Of Capital",{"$f":"SUM(C8:C14)","v":2012200},80013.151830021263,117266.75203851558,157170.32711882211,120568.41330639998,169511.35509866191,140118.41942460998,178934.08079664508,165165.14902165494,192164.40532348934,2906563.0138875945,6239675.0678464146]
[]
[null,"Uses Of Capital"]
[null,{"$f":"IF(Project_Type=\"Acquisition\",\"Acquisition Price\",\"Development Costs\")","v":"Acquisition Price"},{"$f":"IF(AND(Loan_IO_Status=\"Fund Up\",Loan_IO_Term>0,Loan_IO_Approval=\"Yes\"),Equity_Amount-SUM(C19:C32),Acquisition_Gross)","v":1900000},{"$f":"D8","v":-38507.648169978755},{"$f":"E8","v":0},0,0,0,0,0,0,0,0,{"$f":"SUM(C18:M18)","v":1861492.3518300212}]
[null,"Costs and Fees",{"$f":"SUM(Due_Diligence_Cost,Loan_Fee)","v":12200},{"$f":"-SUM('Return Detail'!F34,'Return Detail'!F28)","v":0},{"$f":"-SUM('Return Detail'!G34,'Return Detail'!G28)","v":0},{"$f":"-SUM('Return Detail'!H34,'Return Detail'!H28)","v":0},{"$f":"-SUM('Return Detail'!I34,'Return Detail'!I28)","v":0},{"$f":"-SUM('Return Detail'!J34,'Return Detail'!J28)","v":0},{"$f":"-SUM('Return Detail'!K34,'Return Detail'!K28)","v":0},{"$f":"-SUM('Return Detail'!L34,'Return Detail'!L28)","v":0},{"$f":"-SUM('Return Detail'!M34,'Return Detail'!M28)","v":0},{"$f":"-SUM('Return Detail'!N34,'Return Detail'!N28)","v":0},{"$f":"-SUM('Return Detail'!O34,'Return Detail'!O28)","v":27340.230499539273},{"$f":"SUM(C19:M19)","v":39540.230499539277}]
[null,"Initial Reserve Accounts",{"$f":"SUM(Reserve_CapEx_Initial,Reserve_Operating,Reserve_TILC)","v":100000},0,0,0,0,0,0,0,0,0,0,100000]
[null,"Operating Requirements",0,{"$f":"IF('Return Detail'!F25<0,-'Return Detail'!F25,0)","v":0},{"$f":"IF('Return Detail'!G25<0,-'Return Detail'!G25,0)","v":0},{"$f":"IF('Return Detail'!H25<0,-'Return Detail'!H25,0)","v":0},{"$f":"IF('Return Detail'!I25<0,-'Return Detail'!I25,0)","v":0},{"$f":"IF('Return Detail'!J25<0,-'Return Detail'!J25,0)","v":0},{"$f":"IF('Return Detail'!K25<0,-'Return Detail'!K25,0)","v":0},{"$f":"IF('Return Detail'!L25<0,-'Return Detail'!L25,0)","v":0},{"$f":"IF('Return Detail'!M25<0,-'Return Detail'!M25,0)","v":0},{"$f":"IF('Return Detail'!N25<0,-'Return Detail'!N25,0)","v":0},{"$f":"IF('Return Detail'!O25<0,-'Return Detail'!O25,0)","v":0},{"$f":"SUM(C21:M21)","v":0}]
[null,"Mortgage Balance Payoff",0,{"$f":"-'Return Detail'!F72","v":0},{"$f":"-'Return Detail'!G72","v":0},{"$f":"-'Return Detail'!H72","v":0},{"$f":"-'Return Detail'!I72","v":0},{"$f":"-'Return Detail'!J72","v":0},{"$f":"-'Return Detail'!K72","v":0},{"$f":"-'Return Detail'!L72","v":0},{"$f":"-'Return Detail'!M72","v":0},{"$f":"-'Return Detail'!N72","v":0},{"$f":"-'Return Detail'!O72","v":744735.70970965782},{"$f":"SUM(C22:M22)","v":744735.70970965782}]
[null,"Mortgage Exit Fee",0,{"$f":"-'Return Detail'!F36","v":0},{"$f":"-'Return Detail'!G36","v":0},{"$f":"-'Return Detail'!H36","v":0},{"$f":"-'Return Detail'!I36","v":0},{"$f":"-'Return Detail'!J36","v":0},{"$f":"-'Return Detail'!K36","v":0},{"$f":"-'Return Detail'!L36","v":0},{"$f":"-'Return Detail'!M36","v":0},{"$f":"-'Return Detail'!N36","v":0},{"$f":"-'Return Detail'!O36","v":0},{"$f":"SUM(C23:M23)","v":0}]
[null,"Annual Interest Expense",0,{"$f":"IF(D4>Hold,0,VLOOKUP(D$4,Amortization_Schedule_Annual,6,FALSE))","v":54112.220508623621},52343.185888970162,50492.882128399091,48557.575736795421,46533.361708161559,44416.155641207544,42201.685497962797,39885.482983779766,37462.874531336594,34928.971870446316,450934.39649568289]
[null,"Less: Budgeted Interest",0,{"$f":"IF(D4>Hold,0,'Cash Flows'!F$81)","v":0},{"$f":"IF(E4>Hold,0,'Cash Flows'!G$81)","v":0},{"$f":"IF(F4>Hold,0,'Cash Flows'!H$81)","v":0},{"$f":"IF(G4>Hold,0,'Cash Flows'!I$81)","v":0},{"$f":"IF(H4>Hold,0,'Cash Flows'!J$81)","v":0},{"$f":"IF(I4>Hold,0,'Cash Flows'!K$81)","v":0},{"$f":"IF(J4>Hold,0,'Cash Flows'!L$81)","v":0},{"$f":"IF(K4>Hold,0,'Cash Flows'!M$81)","v":0},{"$f":"IF(L4>Hold,0,'Cash Flows'!N$81)","v":0},{"$f":"IF(M4>Hold,0,'Cash Flows'!O$81)","v":0},0]
[null,"Annual Principal Paydown",0,{"$f":"IF(D4>Hold,0,VLOOKUP(D$4,Amortization_Schedule_Annual,7,FALSE))","v":38507.648169978907},40276.682789632338,42126.986550203408,44062.292941807049,46086.506970440925,48203.71303739494,50418.18318063968,52734.385694822719,55156.994147265897,57690.896808156162,475264.290290342]
[null,"Capital Expenses",0,{"$f":"-'Return Detail'!F30","v":0},{"$f":"-'Return Detail'!G30","v":0},{"$f":"-'Return Detail'!H30","v":48956.666666666672},{"$f":"-'Return Detail'!I30","v":0},{"$f":"-'Return Detail'!J30","v":55398.333333333336},{"$f":"-'Return Detail'!K30","v":0},{"$f":"-'Return Detail'!L30","v":48956.666666666672},{"$f":"-'Return Detail'!M30","v":39938.333333333336},{"$f":"-'Return Detail'!N30","v":55398.333333333336},{"$f":"-'Return Detail'!O30","v":0},248648.33333333337]
[null,"Operating Tax Liability",0,{"$f":"-'Return Detail'!F81","v":25137.792295665946},{"$f":"-'Return Detail'!G81","v":24646.883359913078},{"$f":"-'Return Detail'!H81","v":15593.791773552937},{"$f":"-'Return Detail'!I81","v":27332.161570414224},{"$f":"-'Return Detail'!J81","v":21493.153086726106},{"$f":"-'Return Detail'!K81","v":35624.160745243484},{"$f":"-'Return Detail'!L81","v":37357.545451375954},{"$f":"-'Return Detail'!M81","v":32606.947009719126},{"$f":"-'Return Detail'!N81","v":44146.203311553516},{"$f":"-'Return Detail'!O81","v":46831.63669581154},310770.27529997588]
[null,"Ordinary Income Tax Liability",0,{"$f":"-'Return Detail'!F74","v":0},{"$f":"-'Return Detail'!G74","v":0},{"$f":"-'Return Detail'!H74","v":0},{"$f":"-'Return Detail'!I74","v":0},{"$f":"-'Return Detail'!J74","v":0},{"$f":"-'Return Detail'!K74","v":0},{"$f":"-'Return Detail'!L74","v":0},{"$f":"-'Return Detail'!M74","v":0},{"$f":"-'Return Detail'!N74","v":0},{"$f":"-'Return Detail'!O74","v":0},0]
[null,"Cost Recovery Tax Liability",0,{"$f":"-'Return Detail'!F75","v":0},{"$f":"-'Return Detail'!G75","v":0},{"$f":"-'Return Detail'!H75","v":0},{"$f":"-'Return Detail'!I75","v":0},{"$f":"-'Return Detail'!J75","v":0},{"$f":"-'Return Detail'!K75","v":0},{"$f":"-'Return Detail'!L75","v":0},{"$f":"-'Return Detail'!M75","v":0},{"$f":"-'Return Detail'!N75","v":0},{"$f":"-'Return Detail'!O75","v":6691.0526315789539},6691.0526315789539]
[null,"Capital Gains Tax Liability",0,{"$f":"-'Return Detail'!F76","v":0},{"$f":"-'Return Detail'!G76","v":0},{"$f":"-'Return Detail'!H76","v":0},{"$f":"-'Return Detail'!I76","v":0},{"$f":"-'Return Detail'!J76","v":0},{"$f":"-'Return Detail'!K76","v":0},{"$f":"-'Return Detail'!L76","v":0},{"$f":"-'Return Detail'!M76","v":0},{"$f":"-'Return Detail'!N76","v":0},{"$f":"-'Return Detail'!O76","v":141336.56389087762},141336.56389087762]
[null,"Equity Returns",0,{"$f":"IF('Return Detail'!F85>0,'Return Detail'!F85,0)","v":763.13902573153609},{"$f":"IF('Return Detail'!G85>0,'Return Detail'!G85,0)","v":0},{"$f":"IF('Return Detail'!H85>0,'Return Detail'!H85,0)","v":0},{"$f":"IF('Return Detail'!I85>0,'Return Detail'!I85,0)","v":616.38305738327472},{"$f":"IF('Return Detail'!J85>0,'Return Detail'!J85,0)","v":0},{"$f":"IF('Return Detail'!K85>0,'Return Detail'!K85,0)","v":11874.390000764019},{"$f":"IF('Return Detail'!L85>0,'Return Detail'!L85,0)","v":0},{"$f":"IF('Return Detail'!M85>0,'Return Detail'!M85,0)","v":0},{"$f":"IF('Return Detail'!N85>0,'Return Detail'!N85,0)","v":0},{"$f":"IF('Return Detail'!O85>0,'Return Detail'!O85,0)","v":1847007.9517815271},1860261.863865406]
[null,"Total Uses Of Capital",{"$f":"SUM(C18:C32)","v":2012200},{"$f":"SUM(D18:D32)","v":80013.151830021263},117266.75203851558,157170.32711882214,120568.41330639998,169511.35509866194,140118.41942460998,178934.08079664508,165165.14902165494,192164.40532348934,2906563.0138875949,6239675.0678464156]
[]
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[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]

{"sheet":"Equity Investor Returns","index":12,"n_rows":190,"n_cols":27,"rows_kept":190,"cut":false,"hidden":false,"merged":[[189,1,189,13],[1,1,1,13],[5,4,5,5],[58,1,58,13],[59,1,59,13],[60,1,60,13],[61,1,61,13],[65,1,65,13],[67,1,67,13],[186,1,186,13],[187,1,187,13],[188,1,188,13]]}
[]
[null,{"$f":"IF(LEFT(B21,3)=\"Pre\",\"Pre-Tax Equity Investor Returns\",\"Post-Tax Equity Investor Returns\")","v":"Pre-Tax Equity Investor Returns"}]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Year",1,2,3,4,5,6,7,8,9,10]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Equity Investor",{"$f":"E32","v":25900.931321397482},{"$f":"F32","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,1060893.65012743]
[null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,null,"Developer",{"$f":"E47","v":0},{"$f":"F47","v":0},0,0,0,0,0,0,0,980973.5548723652]
[null,null,null,null,"Cash Flow Distribution"]
[null,null,"Method","Basis","Rate","Equity Investor Split","Developer Split"]
[null,"Initial Equity Contribution",null,null,null,{"$f":"Contribution_JV","v":0.9},{"$f":"Contribution_Developer","v":0.1}]
[null,"Preferred Return","Cumulative","Cash on Cash",{"$f":"Equity_Rate","v":0.1},1,{"$f":"1-Pref_Investor","v":0}]
[null,"Hurdle 1",null,{"$f":"D9","v":"Cash on Cash"},{"$f":"Preferred_Return_Rate+0.02","v":0.12000000000000001},{"$f":"F8","v":0.9},{"$f":"1-F10","v":9.9999999999999978E-2}]
[null,"Hurdle 2",null,{"$f":"D10","v":"Cash on Cash"},{"$f":"Hurdle1_Rate+0.02","v":0.14000000000000001},{"$f":"Hurdle1_Investor-0.1","v":0.8},{"$f":"1-F11","v":0.19999999999999996}]
[null,"Hurdle 3",null,{"$f":"D11","v":"Cash on Cash"},{"$f":"Hurdle2_Rate+0.02","v":0.16},{"$f":"Hurdle2_Investor-0.1","v":0.70000000000000007},0.29999999999999993]
[null,"Final Split",null,null,null,{"$f":"Hurdle3_Investor-0.1","v":0.60000000000000009},0.39999999999999991]
[null,"Reversion (Sale) Proceeds","Independent",null,null,0.5,{"$f":"1-F14","v":0.5}]
[]
[]
[]
[]
[null,"Cash Flow Waterfall Summary"]
[null,"Period",null,0,1,2,3,4,5,6,7,8,9,10]
[null,"Pre-Tax Net Cash Flow",null,{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!E37,'Return Detail'!E85)","v":-792200},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!F$32,'Return Detail'!F$83)","v":25900.931321397482},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!G$32,'Return Detail'!G$83)","v":24061.931321397511},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!H$32,'Return Detail'!H$83)","v":-48956.666666666672},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!I$32,'Return Detail'!I$83)","v":27948.544627797499},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!J$32,'Return Detail'!J$83)","v":-46156.884116135749},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!K$32,'Return Detail'!K$83)","v":47498.550746007502},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!L$32,'Return Detail'!L$83)","v":1279.9416679031419},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!M$32,'Return Detail'!M$83)","v":-5591.0659176803529},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!N$32,'Return Detail'!N$83)","v":9495.6293494033089},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!O$32,'Return Detail'!O$83)","v":79920.095255064778}]
[null,{"$f":"IF(LEFT($B$21,3)=\"Pre\",\"Pre-Tax Sale Proceeds\",\"Post-Tax Sale Proceeds\")","v":"Pre-Tax Sale Proceeds"},null,null,{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!F$73,'Return Detail'!F$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!G$73,'Return Detail'!G$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!H$73,'Return Detail'!H$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!I$73,'Return Detail'!I$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!J$73,'Return Detail'!J$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!K$73,'Return Detail'!K$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!L$73,'Return Detail'!L$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!M$73,'Return Detail'!M$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!N$73,'Return Detail'!N$77)","v":0},{"$f":"IF(LEFT($B$21,3)=\"Pre\",'Return Detail'!O$73,'Return Detail'!O$77)","v":1961947.1097447304}]
[null,"Total Cash Flow",null,{"$f":"SUM(D21:D22)","v":-792200},{"$f":"SUM(E21:E22)","v":25900.931321397482},{"$f":"SUM(F21:F22)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,2041867.2049997952]
[]
[null,{"$f":"Name_Partner","v":"JV Partner Preferred Equity"}]
[null,"Cash Flow Paid at Preferred Return",null,{"$f":"D80","v":-712980},{"$f":"SUM(E76:E77,E87)","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[null,"Cash Flow Paid at Hurdle 1",null,{"$f":"D113","v":0},{"$f":"SUM(E113:E114)","v":0},{"$f":"SUM(F113:F114)","v":0},0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Hurdle 2",null,{"$f":"D134","v":0},{"$f":"SUM(E134:E135)","v":0},{"$f":"SUM(F134:F135)","v":0},0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Hurdle 3",null,{"$f":"D155","v":0},{"$f":"SUM(E155:E156)","v":0},{"$f":"SUM(F155:F156)","v":0},0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Final Split",null,{"$f":"D175","v":0},{"$f":"E175","v":0},0,0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Reversion (Sale)",null,0,{"$f":"IF(Reversion_Method=\"Independent\",E$22*Revsersion_Split_Equity,0)","v":0},0,0,0,0,0,0,0,0,980973.5548723652]
[null,"Total Cash Flow to Equity Investor",null,{"$f":"SUM(D26:D31)","v":-712980},{"$f":"SUM(E26:E31)","v":25900.931321397482},{"$f":"SUM(F26:F31)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,1060893.65012743]
[null,"Annual Cash on Cash",null,null,{"$f":"IFERROR(E32/(Equity_Amount*Contribution_JV),\"-\")","v":3.6327710905491715E-2},3.374839591769406E-2,-6.8664852684039768E-2,3.9199619383148893E-2,-6.4737978787814177E-2,6.6619751950976885E-2,1.7951999605923614E-3,-7.8418271447731388E-3,1.3318226807769234E-2,1.4879711213882998]
[]
[null,"Net Cash Flow",{"$f":"SUM(D32:N32)","v":383394.5624608536}]
[null,"IRR",{"$f":"IFERROR(IRR(D32:N32),\"-\")","v":4.5052559832270189E-2}]
[null,"Equity Multiple",{"$f":"IFERROR(SUM(E32:N32)/(Equity_Amount*Contribution_JV),\"-\")","v":1.537735367697346}]
[null,"Average Annual Cash on Cash Return",{"$f":"IFERROR((SUM(E32:N32)/Hold)/(Equity_Amount*Contribution_JV),\"-\")","v":0.1537735367697346}]
[]
[null,{"$f":"Name_Developer","v":"Developer Equity"}]
[null,"Cash Flow Paid at Preferred Return",null,{"$f":"D96","v":-79220},{"$f":"E$104","v":0},{"$f":"F$104","v":0},0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Hurdle 1",null,{"$f":"D122","v":0},{"$f":"E122","v":0},0,0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Hurdle 2",null,{"$f":"D143","v":0},{"$f":"E143","v":0},0,0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Hurdle 3",null,{"$f":"D164","v":0},{"$f":"E164","v":0},0,0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Final Split",null,{"$f":"D180","v":0},{"$f":"E180","v":0},0,0,0,0,0,0,0,0,0]
[null,"Cash Flow Paid at Reversion (Sale)",null,0,{"$f":"IF(Reversion_Method=\"Independent\",E$22*Reversion_Split_Dev,0)","v":0},0,0,0,0,0,0,0,0,980973.5548723652]
[null,"Total Cash Flow to Developer",null,{"$f":"SUM(D41:D46)","v":-79220},{"$f":"SUM(E41:E46)","v":0},0,0,0,0,0,0,0,0,980973.5548723652]
[null,"Annual Cash on Cash",null,null,{"$f":"IFERROR(E47/(Equity_Amount*Contribution_Developer),\"-\")","v":0},0,0,0,0,0,0,0,0,12.382902737596128]
[]
[null,"Net Cash Flow",{"$f":"SUM(D47:N47)","v":901753.5548723652}]
[null,"IRR",{"$f":"IFERROR(IRR(D47:N47),\"-\")","v":0.28612223387647351}]
[null,"Equity Multiple",{"$f":"IFERROR(SUM(E47:N47)/(Equity_Amount*Contribution_Developer),\"-\")","v":12.382902737596128}]
[null,"Average Annual Cash on Cash Return",{"$f":"IFERROR((SUM(E47:N47)/Hold)/(Equity_Amount*Contribution_Developer),\"-\")","v":1.2382902737596126}]
[]
[]
[]
[]
[]
[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[null,"This pro forma does not constitute tax advice.  Please consult a professional tax advisor."]
[]
[]
[]
[null,{"$f":"B2","v":"Pre-Tax Equity Investor Returns"}]
[]
[null,"Cash Flow Waterfall Detail Analysis"]
[]
[null,{"$f":"B20","v":"Period"},null,{"$f":"D20","v":0},1,2,3,4,5,6,7,8,9,10]
[null,{"$f":"B21","v":"Pre-Tax Net Cash Flow"},null,{"$f":"IF(Reversion_Method=\"Independent\",D$21,D$23)","v":-792200},25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[]
[null,"Preferred Return"]
[null,"Equity Investor"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Pref_Investor*100,1)&\"%\"","v":"CF Allocation at 100%"},null,{"$f":"D$71*Contribution_JV","v":-712980},{"$f":"E$71*Pref_Investor","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[null,"Amount Paid at Preferred Return (IRR)",null,{"$f":"IF($D$9=\"IRR\",$D$71*Contribution_JV,0)","v":0},{"$f":"IF(OR(E$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\"),0,IF(NPV(Preferred_Return_Rate,$E$75:E$75)+$D$75<0,E75,FV(Preferred_Return_Rate,E$20,,D75)))","v":0},{"$f":"IF(OR(F$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:E$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:F$75)+$D$75<0,F75,FV(Preferred_Return_Rate,F$20,,NPV(Preferred_Return_Rate,$E$75:E$75)+$D75)))","v":0},{"$f":"IF(OR(G$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:F$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:G$75)+$D$75<0,G75,FV(Preferred_Return_Rate,G$20,,NPV(Preferred_Return_Rate,$E$75:F$75)+$D75)))","v":0},{"$f":"IF(OR(H$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:G$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:H$75)+$D$75<0,H75,FV(Preferred_Return_Rate,H$20,,NPV(Preferred_Return_Rate,$E$75:G$75)+$D75)))","v":0},{"$f":"IF(OR(I$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:H$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:I$75)+$D$75<0,I75,FV(Preferred_Return_Rate,I$20,,NPV(Preferred_Return_Rate,$E$75:H$75)+$D75)))","v":0},{"$f":"IF(OR(J$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:I$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:J$75)+$D$75<0,J75,FV(Preferred_Return_Rate,J$20,,NPV(Preferred_Return_Rate,$E$75:I$75)+$D75)))","v":0},{"$f":"IF(OR(K$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:J$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:K$75)+$D$75<0,K75,FV(Preferred_Return_Rate,K$20,,NPV(Preferred_Return_Rate,$E$75:J$75)+$D75)))","v":0},{"$f":"IF(OR(L$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:K$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:L$75)+$D$75<0,L75,FV(Preferred_Return_Rate,L$20,,NPV(Preferred_Return_Rate,$E$75:K$75)+$D75)))","v":0},{"$f":"IF(OR(M$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:L$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:M$75)+$D$75<0,M75,FV(Preferred_Return_Rate,M$20,,NPV(Preferred_Return_Rate,$E$75:L$75)+$D75)))","v":0},{"$f":"IF(OR(N$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$75:M$75),$D$75)>0),0,IF(NPV(Preferred_Return_Rate,$E$75:N$75)+$D$75<0,N75,FV(Preferred_Return_Rate,N$20,,NPV(Preferred_Return_Rate,$E$75:M$75)+$D75)))","v":0}]
[null,"Amount Paid at Preferred Return (COC)",null,{"$f":"IF($D$9=\"Cash on Cash\",$D$71*Contribution_JV,0)","v":-712980},{"$f":"IF(OR(E$70>Hold,Preferred_Return_Rate=0,$D$9<>\"Cash on Cash\"),0,MIN(-$D$75*Preferred_Return_Rate,E75))","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,71298]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D75-SUM(D76:D77)","v":0},0,0,0,0,0,0,0,0,0,8622.095255064778]
[]
[null,"Cash Flow Received by Equity Investor",null,{"$f":"SUM(D76:D77)","v":-712980},25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,71298]
[null,{"$f":"\"Equity Investor IRR at \"&B73","v":"Equity Investor IRR at Preferred Return"},{"$f":"IFERROR(IRR(D80:N80),\"-\")","v":-0.19127572652122105}]
[]
[null,"Cumulative Preferred Return Catchup"]
[null,"Cumulative Amount Due as Preferred Return",null,null,{"$f":"IF(OR(Hold<E70,$D$9<>\"Cash on Cash\",Preferred_Return_Method<>\"Cumulative\"),0,(Equity_Amount*Contribution_JV)*Preferred_Return_Rate*E$70)","v":71298},142596,213894,285192,356490,427788,499086,570384,641682,712980]
[null,"Cumulative Amount Paid as Preferred Return",null,null,{"$f":"IF(OR(Hold<E70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:E77,$D$87:D87))","v":25900.931321397482},{"$f":"IF(OR(Hold<F70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:F77,$D$87:E87))","v":49962.862642794993},{"$f":"IF(OR(Hold<G70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:G77,$D$87:F87))","v":1006.1959761283215},{"$f":"IF(OR(Hold<H70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:H77,$D$87:G87))","v":28954.74060392582},{"$f":"IF(OR(Hold<I70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:I77,$D$87:H87))","v":-17202.143512209928},{"$f":"IF(OR(Hold<J70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:J77,$D$87:I87))","v":30296.407233797574},{"$f":"IF(OR(Hold<K70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:K77,$D$87:J87))","v":31576.348901700716},{"$f":"IF(OR(Hold<L70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:L77,$D$87:K87))","v":25985.282984020363},{"$f":"IF(OR(Hold<M70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:M77,$D$87:L87))","v":35480.912333423672},{"$f":"IF(OR(Hold<N70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$77:N77,$D$87:M87))","v":106778.91233342368}]
[null,"Balance Remaining",null,null,{"$f":"E84-E85","v":45397.068678602518},{"$f":"F84-F85","v":92633.137357205007},212887.80402387166,256237.25939607417,373692.14351220994,397491.5927662024,467509.65109829931,544398.71701597958,606201.08766657638,606201.08766657626]
[null,"Catch Up Paid",null,null,{"$f":"IF(AND(E86>0,E75>(Equity_Amount*Contribution_JV*Preferred_Return_Rate)),MIN(E78,E86),0)","v":0},0,0,0,0,0,0,0,0,8622.095255064778]
[null,"Total Annual Cash Flow to JV",null,null,{"$f":"SUM(E80,E87)","v":25900.931321397482},{"$f":"SUM(F80,F87)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[]
[null,{"$f":"Name_Developer","v":"Developer Equity"}]
[null,{"$f":"\"CF Allocation at \"&ROUND(Pref_Developer*100,1)&\"%\"","v":"CF Allocation at 0%"},null,{"$f":"D$71*Contribution_Developer","v":-79220},{"$f":"E$71*Pref_Developer","v":0},0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Preferred Return (IRR)",null,{"$f":"IF($D$9=\"IRR\",$D$21*Contribution_Developer,0)","v":0},{"$f":"IF(OR(E$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\"),0,IF(NPV(Preferred_Return_Rate,$E$91:E$91)+$D$91<0,E91,FV(Preferred_Return_Rate,E$20,,D91)))","v":0},{"$f":"IF(OR(F$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:E$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:F$91)+$D$91<0,F91,FV(Preferred_Return_Rate,F$20,,NPV(Preferred_Return_Rate,$E$91:E$91)+$D91)))","v":0},{"$f":"IF(OR(G$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:F$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:G$91)+$D$91<0,G91,FV(Preferred_Return_Rate,G$20,,NPV(Preferred_Return_Rate,$E$91:F$91)+$D91)))","v":0},{"$f":"IF(OR(H$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:G$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:H$91)+$D$91<0,H91,FV(Preferred_Return_Rate,H$20,,NPV(Preferred_Return_Rate,$E$91:G$91)+$D91)))","v":0},{"$f":"IF(OR(I$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:H$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:I$91)+$D$91<0,I91,FV(Preferred_Return_Rate,I$20,,NPV(Preferred_Return_Rate,$E$91:H$91)+$D91)))","v":0},{"$f":"IF(OR(J$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:I$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:J$91)+$D$91<0,J91,FV(Preferred_Return_Rate,J$20,,NPV(Preferred_Return_Rate,$E$91:I$91)+$D91)))","v":0},{"$f":"IF(OR(K$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:J$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:K$91)+$D$91<0,K91,FV(Preferred_Return_Rate,K$20,,NPV(Preferred_Return_Rate,$E$91:J$91)+$D91)))","v":0},{"$f":"IF(OR(L$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:K$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:L$91)+$D$91<0,L91,FV(Preferred_Return_Rate,L$20,,NPV(Preferred_Return_Rate,$E$91:K$91)+$D91)))","v":0},{"$f":"IF(OR(M$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:L$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:M$91)+$D$91<0,M91,FV(Preferred_Return_Rate,M$20,,NPV(Preferred_Return_Rate,$E$91:L$91)+$D91)))","v":0},{"$f":"IF(OR(N$20>Hold,Preferred_Return_Rate=0,$D$9<>\"IRR\",SUM(NPV(Preferred_Return_Rate,$E$91:M$91),$D$91)>0),0,IF(NPV(Preferred_Return_Rate,$E$91:N$91)+$D$91<0,N91,FV(Preferred_Return_Rate,N$20,,NPV(Preferred_Return_Rate,$E$91:M$91)+$D91)))","v":0}]
[null,"Amount Paid at Preferred Return (COC)",null,{"$f":"IF($D$9=\"Cash on Cash\",$D$21*Contribution_Developer,0)","v":-79220},{"$f":"IF(OR(E$70>Hold,Preferred_Return_Rate=0,$D$9<>\"Cash on Cash\"),0,MIN(-$D$91*Preferred_Return_Rate,E91))","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D91-SUM(D92:D93)","v":0},{"$f":"E91-SUM(E92:E93)","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,{"$f":"\"Total CF Received by \"&Name_Developer","v":"Total CF Received by Developer Equity"},null,{"$f":"SUM(D92:D93)","v":-79220},{"$f":"SUM(E92:E93)","v":0},{"$f":"SUM(F92:F93)","v":0},0,0,0,0,0,0,0,0]
[null,{"$f":"Name_Developer&\" IRR at Preferred Return\"","v":"Developer Equity IRR at Preferred Return"},{"$f":"IFERROR(IRR(D96:N96),\"-\")","v":"-"}]
[]
[null,"Cumulative Preferred Return Catchup"]
[null,"Cumulative Amount Due as Preferred Return",null,null,{"$f":"IF(OR(Hold<E70,$D$9<>\"Cash on Cash\",Preferred_Return_Method<>\"Cumulative\"),0,(Equity_Amount*Contribution_Developer)*Preferred_Return_Rate*E$70)","v":7922},15844,23766,31688,39610,47532,55454,63376,71298,79220]
[null,"Cumulative Amount Paid as Preferred Return",null,null,{"$f":"IF(OR(Hold<E70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:E93,$D$103:D103))","v":0},{"$f":"IF(OR(Hold<F70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:F93,$D$103:E103))","v":0},{"$f":"IF(OR(Hold<G70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:G93,$D$103:F103))","v":0},{"$f":"IF(OR(Hold<H70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:H93,$D$103:G103))","v":0},{"$f":"IF(OR(Hold<I70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:I93,$D$103:H103))","v":0},{"$f":"IF(OR(Hold<J70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:J93,$D$103:I103))","v":0},{"$f":"IF(OR(Hold<K70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:K93,$D$103:J103))","v":0},{"$f":"IF(OR(Hold<L70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:L93,$D$103:K103))","v":0},{"$f":"IF(OR(Hold<M70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:M93,$D$103:L103))","v":0},{"$f":"IF(OR(Hold<N70,Preferred_Return_Method<>\"Cumulative\",$D$9<>\"Cash on Cash\"),0,SUM($E$93:N93,$D$103:M103))","v":0}]
[null,"Balance Remaining",null,null,{"$f":"E100-E101","v":7922},{"$f":"F100-F101","v":15844},23766,31688,39610,47532,55454,63376,71298,79220]
[null,"Catch Up Paid",null,null,{"$f":"IF(AND(E102>0,E91>(Equity_Amount*Contribution_Developer*Preferred_Return_Rate)),MIN(E94,E102),0)","v":0},0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Total Annual Cash Flow to \"&Name_Partner","v":"Total Annual Cash Flow to JV Partner Preferred Equity"},null,null,{"$f":"SUM(E96,E103)","v":0},{"$f":"SUM(F96,F103)","v":0},0,0,0,0,0,0,0,0]
[]
[]
[null,"Total CF Paid at Preferred Return",null,{"$f":"SUM(D80,D96)","v":-792200},{"$f":"SUM(E88,E104)","v":25900.931321397482},{"$f":"SUM(F88,F104)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,79920.095255064778]
[null,"CF Remaining for Next Hurdle",null,{"$f":"SUM(D78,D94)","v":0},{"$f":"E$71-E$107","v":0},{"$f":"F$71-F$107","v":0},0,0,0,0,0,0,0,0]
[]
[null,"Hurdle 1"]
[null,"Equity Investor"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Hurdle1_Investor*100,1)&\"%\"","v":"CF Allocation at 90%"},null,{"$f":"D108*Hurdle1_Investor","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Hurdle 1 (IRR)",null,0,{"$f":"IF(OR(E$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\"),0,MAX(0,MIN(E112,FV(Hurdle1_Rate,E$20,,NPV(Hurdle1_Rate,$E$80:E$80)+$D$80))))","v":0},{"$f":"IF(OR(F$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:E$117),$D$117)>=0),0,MAX(0,MIN(F112,FV(Hurdle1_Rate,F$20,,SUM(NPV(Hurdle1_Rate,$E$117:E$117,F80),$D$117)))))","v":0},{"$f":"IF(OR(G$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:F$117),$D$117)>=0),0,MAX(0,MIN(G112,FV(Hurdle1_Rate,G$20,,SUM(NPV(Hurdle1_Rate,$E$117:F$117,G80),$D$117)))))","v":0},{"$f":"IF(OR(H$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:G$117),$D$117)>=0),0,MAX(0,MIN(H112,FV(Hurdle1_Rate,H$20,,SUM(NPV(Hurdle1_Rate,$E$117:G$117,H80),$D$117)))))","v":0},{"$f":"IF(OR(I$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:H$117),$D$117)>=0),0,MAX(0,MIN(I112,FV(Hurdle1_Rate,I$20,,SUM(NPV(Hurdle1_Rate,$E$117:H$117,I80),$D$117)))))","v":0},{"$f":"IF(OR(J$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:I$117),$D$117)>=0),0,MAX(0,MIN(J112,FV(Hurdle1_Rate,J$20,,SUM(NPV(Hurdle1_Rate,$E$117:I$117,J80),$D$117)))))","v":0},{"$f":"IF(OR(K$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:J$117),$D$117)>=0),0,MAX(0,MIN(K112,FV(Hurdle1_Rate,K$20,,SUM(NPV(Hurdle1_Rate,$E$117:J$117,K80),$D$117)))))","v":0},{"$f":"IF(OR(L$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:K$117),$D$117)>=0),0,MAX(0,MIN(L112,FV(Hurdle1_Rate,L$20,,SUM(NPV(Hurdle1_Rate,$E$117:K$117,L80),$D$117)))))","v":0},{"$f":"IF(OR(M$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:L$117),$D$117)>=0),0,MAX(0,MIN(M112,FV(Hurdle1_Rate,M$20,,SUM(NPV(Hurdle1_Rate,$E$117:L$117,M80),$D$117)))))","v":0},{"$f":"IF(OR(N$20>Hold,Hurdle1_Rate=0,$D$10<>\"IRR\",SUM(NPV(Hurdle1_Rate,$E$117:M$117),$D$117)>=0),0,MAX(0,MIN(N112,FV(Hurdle1_Rate,N$20,,SUM(NPV(Hurdle1_Rate,$E$117:M$117,N80),$D$117)))))","v":0}]
[null,"Amount Paid at Hurdle 1 (COC)",null,0,{"$f":"IF(OR(E$70>Hold,Hurdle1_Rate=0,$D$10<>\"Cash on Cash\"),0,MIN(-$D$80*Hurdle1_Rate-E80,E112))","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D112-SUM(D113:D114)","v":0},{"$f":"E112-SUM(E113:E114)","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Total CF Received by Equity Investor",null,{"$f":"SUM(D80,D113:D114)","v":-712980},25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,71298]
[null,{"$f":"\"Equity Investor IRR at \"&B110","v":"Equity Investor IRR at Hurdle 1"},{"$f":"IFERROR(IRR(D117:N117),\"-\")","v":-0.19127572652122105}]
[]
[null,"Developer"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Hurdle1_Developer*100,1)&\"%\"","v":"CF Allocation at 10%"},null,{"$f":"D108*Hurdle1_Developer","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Hurdle 1",null,0,{"$f":"IF(OR(E$20>Hold,Hurdle1_Investor=0),0,(SUM(E113:E114)/Hurdle1_Investor)*Hurdle1_Developer)","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D121-D122","v":0},{"$f":"E121-E122","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Total CF Received by Developer",null,{"$f":"SUM(D92,D122)","v":0},0,0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Developer IRR at \"&B110","v":"Developer IRR at Hurdle 1"},{"$f":"IFERROR(IRR(D125:N125),\"-\")","v":"-"}]
[]
[null,"Total CF Paid at Hurdle 1",null,{"$f":"SUM(D113,D122)","v":0},{"$f":"SUM(E113:E114,E122)","v":0},{"$f":"SUM(F113:F114,F122)","v":0},0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D108-D128","v":0},{"$f":"E108-E128","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Hurdle 2"]
[null,"Equity Investor"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Hurdle2_Investor*100,1)&\"%\"","v":"CF Allocation at 80%"},null,{"$f":"D129*Hurdle2_Investor","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Hurdle 2 (IRR)",null,0,{"$f":"IF(OR(E$20>Hold,Hurdle2_Rate=0,$D$11<>\"IRR\"),0,MAX(0,MIN(E133,FV(Hurdle2_Rate,E$20,,NPV(Hurdle2_Rate,$E$117:E$117)+$D$117))))","v":0},{"$f":"IF(OR(F$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:E$138),$D$138)>=0),0,MAX(0,MIN(F133,FV(Hurdle2_Rate,F$20,,SUM(NPV(Hurdle2_Rate,$E$138:E$138,F117),$D$138)))))","v":0},{"$f":"IF(OR(G$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:F$138),$D$138)>=0),0,MAX(0,MIN(G133,FV(Hurdle2_Rate,G$20,,SUM(NPV(Hurdle2_Rate,$E$138:F$138,G117),$D$138)))))","v":0},{"$f":"IF(OR(H$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:G$138),$D$138)>=0),0,MAX(0,MIN(H133,FV(Hurdle2_Rate,H$20,,SUM(NPV(Hurdle2_Rate,$E$138:G$138,H117),$D$138)))))","v":0},{"$f":"IF(OR(I$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:H$138),$D$138)>=0),0,MAX(0,MIN(I133,FV(Hurdle2_Rate,I$20,,SUM(NPV(Hurdle2_Rate,$E$138:H$138,I117),$D$138)))))","v":0},{"$f":"IF(OR(J$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:I$138),$D$138)>=0),0,MAX(0,MIN(J133,FV(Hurdle2_Rate,J$20,,SUM(NPV(Hurdle2_Rate,$E$138:I$138,J117),$D$138)))))","v":0},{"$f":"IF(OR(K$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:J$138),$D$138)>=0),0,MAX(0,MIN(K133,FV(Hurdle2_Rate,K$20,,SUM(NPV(Hurdle2_Rate,$E$138:J$138,K117),$D$138)))))","v":0},{"$f":"IF(OR(L$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:K$138),$D$138)>=0),0,MAX(0,MIN(L133,FV(Hurdle2_Rate,L$20,,SUM(NPV(Hurdle2_Rate,$E$138:K$138,L117),$D$138)))))","v":0},{"$f":"IF(OR(M$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:L$138),$D$138)>=0),0,MAX(0,MIN(M133,FV(Hurdle2_Rate,M$20,,SUM(NPV(Hurdle2_Rate,$E$138:L$138,M117),$D$138)))))","v":0},{"$f":"IF(OR(N$20>Hold,$D$11<>\"IRR\",Hurdle2_Rate=0,SUM(NPV(Hurdle2_Rate,$E$138:M$138),$D$138)>=0),0,MAX(0,MIN(N133,FV(Hurdle2_Rate,N$20,,SUM(NPV(Hurdle2_Rate,$E$138:M$138,N117),$D$138)))))","v":0}]
[null,"Amount Paid at Hurdle 2 (COC)",null,0,{"$f":"IF(OR(E$70>Hold,Hurdle2_Rate=0,$D$11<>\"Cash on Cash\"),0,MIN(-$D$80*Hurdle2_Rate-E117,E133))","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D133-SUM(D134:D135)","v":0},{"$f":"E133-SUM(E134:E135)","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Total CF Received by Equity Investor",null,{"$f":"SUM(D117,D134:D135)","v":-712980},{"$f":"SUM(E117,E134:E135)","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,71298]
[null,{"$f":"\"Equity Investor IRR at \"&B131","v":"Equity Investor IRR at Hurdle 2"},{"$f":"IFERROR(IRR(D138:N138),\"-\")","v":-0.19127572652122105}]
[]
[null,"Developer"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Hurdle2_Developer*100,1)&\"%\"","v":"CF Allocation at 20%"},null,{"$f":"D129*Hurdle2_Developer","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Hurdle 2",null,0,{"$f":"IF(OR(E$20>Hold,Hurdle2_Investor=0),0,(SUM(E134:E135)/Hurdle2_Investor)*Hurdle2_Developer)","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D142-D143","v":0},{"$f":"E142-E143","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Total CF Received by Developer",null,{"$f":"SUM(D125,D143)","v":0},{"$f":"SUM(E125,E143)","v":0},0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Developer IRR at \"&B131","v":"Developer IRR at Hurdle 2"},{"$f":"IFERROR(IRR(D146:N146),\"-\")","v":"-"}]
[]
[null,"Total CF Paid at Hurdle 2",null,{"$f":"SUM(D134:D135,D143)","v":0},{"$f":"SUM(E134:E135,E143)","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D129-D149","v":0},{"$f":"E129-E149","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Hurdle 3"]
[null,"Equity Investor"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Hurdle3_Investor*100,1)&\"%\"","v":"CF Allocation at 70%"},null,{"$f":"D150*Hurdle3_Investor","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Hurdle 3 (IRR)",null,0,{"$f":"IF(OR(E$20>Hold,Hurdle3_Rate=0,$D$12<>\"IRR\"),0,MAX(0,MIN(E154,FV(Hurdle3_Rate,E$20,,NPV(Hurdle3_Rate,$E$138:E$138)+$D$138))))","v":0},{"$f":"IF(OR(F$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:E$159),$D$159)>=0),0,MAX(0,MIN(F154,FV(Hurdle3_Rate,F$20,,SUM(NPV(Hurdle3_Rate,$E$159:E$159,F138),$D$159)))))","v":0},{"$f":"IF(OR(G$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:F$159),$D$159)>=0),0,MAX(0,MIN(G154,FV(Hurdle3_Rate,G$20,,SUM(NPV(Hurdle3_Rate,$E$159:F$159,G138),$D$159)))))","v":0},{"$f":"IF(OR(H$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:G$159),$D$159)>=0),0,MAX(0,MIN(H154,FV(Hurdle3_Rate,H$20,,SUM(NPV(Hurdle3_Rate,$E$159:G$159,H138),$D$159)))))","v":0},{"$f":"IF(OR(I$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:H$159),$D$159)>=0),0,MAX(0,MIN(I154,FV(Hurdle3_Rate,I$20,,SUM(NPV(Hurdle3_Rate,$E$159:H$159,I138),$D$159)))))","v":0},{"$f":"IF(OR(J$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:I$159),$D$159)>=0),0,MAX(0,MIN(J154,FV(Hurdle3_Rate,J$20,,SUM(NPV(Hurdle3_Rate,$E$159:I$159,J138),$D$159)))))","v":0},{"$f":"IF(OR(K$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:J$159),$D$159)>=0),0,MAX(0,MIN(K154,FV(Hurdle3_Rate,K$20,,SUM(NPV(Hurdle3_Rate,$E$159:J$159,K138),$D$159)))))","v":0},{"$f":"IF(OR(L$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:K$159),$D$159)>=0),0,MAX(0,MIN(L154,FV(Hurdle3_Rate,L$20,,SUM(NPV(Hurdle3_Rate,$E$159:K$159,L138),$D$159)))))","v":0},{"$f":"IF(OR(M$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:L$159),$D$159)>=0),0,MAX(0,MIN(M154,FV(Hurdle3_Rate,M$20,,SUM(NPV(Hurdle3_Rate,$E$159:L$159,M138),$D$159)))))","v":0},{"$f":"IF(OR(N$20>Hold,$D$12<>\"IRR\",Hurdle3_Rate=0,SUM(NPV(Hurdle3_Rate,$E$159:M$159),$D$159)>=0),0,MAX(0,MIN(N154,FV(Hurdle3_Rate,N$20,,SUM(NPV(Hurdle3_Rate,$E$159:M$159,N138),$D$159)))))","v":0}]
[null,"Amount Paid at Hurdle 3 (COC)",null,0,{"$f":"IF(OR(E$70>Hold,Hurdle3_Rate=0,$D$12<>\"Cash on Cash\"),0,MIN(-$D$80*Hurdle3_Rate-E138,E154))","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D154-D155","v":0},{"$f":"E154-E155","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Total CF Received by Equity Investor",null,{"$f":"SUM(D138,D155:D156)","v":-712980},{"$f":"SUM(E138,E155:E156)","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,71298]
[null,{"$f":"\"Equity Investor IRR at \"&B152","v":"Equity Investor IRR at Hurdle 3"},{"$f":"IFERROR(IRR(D159:N159),\"-\")","v":-0.19127572652122105}]
[]
[null,"Developer"]
[null,{"$f":"\"CF Allocation at \"&ROUND(Hurdle3_Developer*100,1)&\"%\"","v":"CF Allocation at 30%"},null,{"$f":"D150*Hurdle3_Developer","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Amount Paid at Hurdle 3",null,0,{"$f":"IF(OR(E$20>Hold,Hurdle3_Investor=0),0,(SUM(E155:E156)/Hurdle3_Investor)*Hurdle3_Developer)","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D163-D164","v":0},{"$f":"E163-E164","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Total CF Received by Developer",null,{"$f":"SUM(D146,D164)","v":0},{"$f":"SUM(E146,E164)","v":0},0,0,0,0,0,0,0,0,0]
[null,{"$f":"\"Developer IRR at \"&B152","v":"Developer IRR at Hurdle 3"},{"$f":"IFERROR(IRR(D167:N167),\"-\")","v":"-"}]
[]
[null,"Total CF Paid at Hurdle 3",null,{"$f":"SUM(D155:D156,D164)","v":0},{"$f":"SUM(E155:E156,E164)","v":0},0,0,0,0,0,0,0,0,0]
[null,"CF Remaining for Next Hurdle",null,{"$f":"D150-D170","v":0},{"$f":"E150-E170","v":0},0,0,0,0,0,0,0,0,0]
[]
[null,"Final Split"]
[null,"Equity Investor"]
[null,{"$f":"\"CF Paid at \"&ROUND(Hurdle_Final_Investor*100,1)&\"%\"","v":"CF Paid at 60%"},null,{"$f":"D171*Hurdle_Final_Investor","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Total CF Received by Equity Investor",null,{"$f":"SUM(D159,D175)","v":-712980},{"$f":"SUM(E159,E175)","v":25900.931321397482},24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,71298]
[null,"Final Equity Investor IRR",{"$f":"IFERROR(IRR(D176:N176),\"-\")","v":-0.19127572652122105}]
[]
[null,"Developer"]
[null,{"$f":"\"CF Paid at \"&ROUND(Hurdle_Final_Developer*100,1)&\"%\"","v":"CF Paid at 40%"},null,{"$f":"D171*Hurdle_Final_Developer","v":0},0,0,0,0,0,0,0,0,0,0]
[null,"Total CF Received by Developer",null,{"$f":"SUM(D167,D180)","v":0},{"$f":"SUM(E167,E180)","v":0},0,0,0,0,0,0,0,0,0]
[null,"Final Developer IRR",{"$f":"IFERROR(IRR(D181:N181),\"-\")","v":"-"}]
[]
[]
[]
[]
[null,"www.realpropmetrics.com"]
[null,{"$f":"\"Version: \"&Version","v":"Version: 9.42 C | © 2022"}]
[null,{"$f":"TODAY()","v":"2022-02-23"}]
[null,"This pro forma does not constitute tax advice.  Please consult a professional tax advisor."]

{"sheet":"Holding Period Sensitivity","index":13,"n_rows":87,"n_cols":15,"rows_kept":87,"cut":false,"hidden":false,"merged":[[84,5,84,14],[85,5,85,14],[86,5,86,14],[2,1,2,14],[3,1,3,14]]}
[]
[]
[null,"Holding Period Sensitivity Analysis"]
[null,"These charts show the project's pre-tax perfomanced based on Disposition year.  They assume continued financing regardless of term."]
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[null,"Project Level IRR Sensitivity"]
[]
[null,"Period",null,1,2,3,4,5,6,7,8,9,10,11]
[]
[]
[null,"NOI (exlcuding Reserves)",null,{"$f":"'Cash Flows'!F55","v":128520.80000000002},{"$f":"'Cash Flows'!G55","v":126681.80000000002},{"$f":"'Cash Flows'!H55","v":98965.52027839997},{"$f":"'Cash Flows'!I55","v":130568.41330639998},{"$f":"'Cash Flows'!J55","v":111861.31789580006},{"$f":"'Cash Flows'!K55","v":150118.41942460998},{"$f":"'Cash Flows'!L55","v":152856.47701317229},{"$f":"'Cash Flows'!M55","v":136967.13609425546},{"$f":"'Cash Flows'!N55","v":167513.83136133914},{"$f":"'Cash Flows'!O55","v":172539.96393366726},{"$f":"'Cash Flows'!P55","v":177711.49824700528}]
[null,"Refinance Proceeds",null,{"$f":"'Cash Flows'!F90","v":0},{"$f":"'Cash Flows'!G90","v":0},{"$f":"'Cash Flows'!H90","v":0},{"$f":"'Cash Flows'!I90","v":0},{"$f":"'Cash Flows'!J90","v":0},{"$f":"'Cash Flows'!K90","v":0},{"$f":"'Cash Flows'!L90","v":0},{"$f":"'Cash Flows'!M90","v":0},{"$f":"'Cash Flows'!N90","v":0},{"$f":"'Cash Flows'!O90","v":0},{"$f":"'Cash Flows'!P90","v":0}]
[null,"Less: Reserves",null,{"$f":"-'Cash Flows'!F61","v":-10000},{"$f":"-'Cash Flows'!G61","v":-10000},{"$f":"-'Cash Flows'!H61","v":-10000},{"$f":"-'Cash Flows'!I61","v":-10000},{"$f":"-'Cash Flows'!J61","v":-10000},{"$f":"-'Cash Flows'!K61","v":-10000},{"$f":"-'Cash Flows'!L61","v":-10000},{"$f":"-'Cash Flows'!M61","v":-10000},{"$f":"-'Cash Flows'!N61","v":-10000},{"$f":"-'Cash Flows'!O61","v":-10000},{"$f":"-'Cash Flows'!P61","v":-10000}]
[null,"Less: Debt Service",null,{"$f":"-'Cash Flows'!F82","v":-92619.868678602536},{"$f":"-'Cash Flows'!G82","v":-92619.868678602506},{"$f":"-'Cash Flows'!H82","v":-92619.868678602506},{"$f":"-'Cash Flows'!I82","v":-92619.868678602477},{"$f":"-'Cash Flows'!J82","v":-92619.868678602477},{"$f":"-'Cash Flows'!K82","v":-92619.868678602477},{"$f":"-'Cash Flows'!L82","v":-92619.868678602477},{"$f":"-'Cash Flows'!M82","v":-92619.868678602477},{"$f":"-'Cash Flows'!N82","v":-92619.868678602492},{"$f":"-'Cash Flows'!O82","v":-92619.868678602477},0]
[null,"Cash Flow After Debt Service",null,{"$f":"SUM(D52:D55)","v":25900.931321397482},{"$f":"SUM(E52:E55)","v":24061.931321397511},-3654.3484002025361,27948.544627797499,9241.4492171975871,47498.550746007502,50236.608334569813,34347.267415652983,64893.962682736645,69920.095255064778,167711.49824700528]
[null,"Less: Mortgage Origination Fee",null,{"$f":"'Cash Flows'!F91","v":0},{"$f":"'Cash Flows'!G91","v":0},{"$f":"'Cash Flows'!H91","v":0},{"$f":"'Cash Flows'!I91","v":0},{"$f":"'Cash Flows'!J91","v":0},{"$f":"'Cash Flows'!K91","v":0},{"$f":"'Cash Flows'!L91","v":0},{"$f":"'Cash Flows'!M91","v":0},{"$f":"'Cash Flows'!N91","v":0},{"$f":"'Cash Flows'!O91","v":0},0]
[null,"Less: Capital Expenses",null,{"$f":"-'Cash Flows'!F105","v":0},{"$f":"-'Cash Flows'!G105","v":0},{"$f":"-'Cash Flows'!H105","v":-48956.666666666672},{"$f":"-'Cash Flows'!I105","v":0},{"$f":"-'Cash Flows'!J105","v":-55398.333333333336},{"$f":"-'Cash Flows'!K105","v":0},{"$f":"-'Cash Flows'!L105","v":-48956.666666666672},{"$f":"-'Cash Flows'!M105","v":-39938.333333333336},{"$f":"-'Cash Flows'!N105","v":-55398.333333333336},{"$f":"-'Cash Flows'!O105","v":0},0]
[null,"Other Non-Regular Income",null,{"$f":"SUM('Cash Flows'!F108:F110)","v":0},{"$f":"SUM('Cash Flows'!G108:G110)","v":0},{"$f":"SUM('Cash Flows'!H108:H110)","v":3654.3484002025361},{"$f":"SUM('Cash Flows'!I108:I110)","v":0},{"$f":"SUM('Cash Flows'!J108:J110)","v":0},{"$f":"SUM('Cash Flows'!K108:K110)","v":0},{"$f":"SUM('Cash Flows'!L108:L110)","v":0},{"$f":"SUM('Cash Flows'!M108:M110)","v":0},{"$f":"SUM('Cash Flows'!N108:N110)","v":0},{"$f":"SUM('Cash Flows'!O108:O110)","v":0},0]
[null,"Distributable Cash Flow",null,{"$f":"SUM(D56:D59)","v":25900.931321397482},{"$f":"SUM(E56:E59)","v":24061.931321397511},-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,69920.095255064778,167711.49824700528]
[]
[null,"Reversion Analysis (if sold in this year)"]
[null,"Reversion Cash Flow",null,{"$f":"IF(Disposition=\"Cap Rate\",E52/Exit_Rate,FV(Exit_Rate,D49,0,-Acquisition_Gross))","v":1948950.7692307695},1522546.4658215379,2008744.8200984611,1720943.3522430779,2309514.1449939995,2351638.1078949585,2107186.7091423916,2577135.8670975249,2654460.9835948809,2734023.0499539273]
[null,"Less: Cost of Sale",null,{"$f":"-D63*Sale_Cost","v":-19489.507692307696},-15225.46465821538,-20087.448200984611,-17209.43352243078,-23095.141449939994,-23516.381078949584,-21071.867091423916,-25771.358670975249,-26544.60983594881,-27340.230499539273]
[null,"Less: Mortgage Exit Fee",null,{"$f":"D66*Loan_Exit_Fee","v":0},0,0,0,0,0,0,0,0,0]
[null,"Less: Mortgage Balance",null,{"$f":"-VLOOKUP(D$49*12,Amortization_Schedule_Monthly,9,FALSE)","v":-1181492.3518300212},-1141215.6690403887,-1099088.6824901851,-1055026.3895483781,-1008939.8825779371,-960736.16954054206,-910317.98635990242,-857583.6006650799,-802426.60651781398,-744735.70970965782]
[null,"Return of Reserve Funds",null,{"$f":"'Cash Flows'!F155","v":110000},{"$f":"'Cash Flows'!G155","v":119415.04796148444},{"$f":"'Cash Flows'!H155","v":61210.241121062296},{"$f":"'Cash Flows'!I155","v":71210.241121062296},{"$f":"'Cash Flows'!J155","v":13560.203918200437},{"$f":"'Cash Flows'!K155","v":23560.203918200437},{"$f":"'Cash Flows'!L155","v":0},{"$f":"'Cash Flows'!M155","v":0},{"$f":"'Cash Flows'!N155","v":0},{"$f":"'Cash Flows'!O155","v":10000}]
[null,"Reversion Balance",null,{"$f":"SUM(D63:D67)","v":857968.90970844054},{"$f":"SUM(E63:E67)","v":485520.38008441823},950778.93052835367,719917.77029333147,1291039.3248843229,1390945.7611936671,1175796.8556910653,1693780.9077614699,1825489.767241118,1971947.1097447304]
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[null,2,-792200,{"$f":"IF($B73<D$49,0,IF($B73=D$49,SUM(D$60,D$68),D$60))","v":25900.931321397482},509582.31140581577,0,0,0,0,0,0,0,0,{"$f":"IFERROR(IRR(C73:M73),\"-\")","v":-0.18145753362197103},-347511.29267822072]
[null,3,-792200,25900.931321397482,24061.931321397511,901822.26386168704,0,0,0,0,0,0,0,6.4957195257457245E-2,-71215.390522828675]
[null,4,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,747866.31492112903,0,0,0,0,0,0,-1.4318544252070242E-2,-274746.91750873136]
[null,5,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,1244882.4407681872,0,0,0,0,0,0.10184917048224951,6513.6107993960613]
[null,6,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,1438444.3119396747,0,0,0,0,0.10394339983384238,16844.078994913609]
[null,7,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1177076.7973589685,0,0,0,6.3194726823113445E-2,-164282.02697196347]
[null,8,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,1688189.8418437897,0,0,0.1034958478958099,19901.291555257863]
[null,9,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,1834985.3965905213,0,0.10125068095048828,7952.9340685202042]
[null,10,-792200,25900.931321397482,24061.931321397511,-48956.666666666672,27948.544627797499,-46156.884116135749,47498.550746007502,1279.9416679031419,-5591.0659176803529,9495.6293494033089,2041867.2049997952,0.10295200706440744,20995.270212125266]
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