1 capital accounts and minimum gain b1593043. 2 opening capital accouts building land 5,500,000...
TRANSCRIPT
1
CAPITAL ACCOUNTS
AND
MINIMUM GAIN
B1593043
2
OPENING CAPITAL ACCOUTS
BuildingLand
5,500,000300,000
Nonrecourse 1st MortgageRecourse Second MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000995,000
5,000
5,800,000 5,800,000
3
END OF YEAR 1
BuildingLand
5,300,000300,000
Nonrecourse 1st MortgageRecourse Second MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000797,000
3,000
5,600,000 5,600,000
4
END OF YEAR 3
BuildingLand
4,900,000300,000
Nonrecourse 1st MortgageRecourse Second MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000401,000
(1,000)
5,200,000 5,200,000
5
END OF YEAR 5
BuildingLand
4,500,000300,000
Nonrecourse 1st MortgageRecourse Second
MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,0005,000
(5,000)
4,800,000 4,800,000
6
BuildingLand
4,300,000300,000
Nonrecourse 1st MortgageRecourse Second
MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000(193,000)
(7,000)
4,600,000 4,600,000
END OF YEAR 6
7
END OF YEAR 7
BuildingLand
4,100,000300,000
Nonrecourse 1st MortgageRecourse Second
MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000
(292,000) (108,000)
4,400,000 4,400,000
8
END OF YEAR 9
BuildingLand
3,700,000300,000
Nonrecourse 1st MortgageRecourse Second MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000(292,000)
(508,000)
4,000,000 4,000,000
9
END OF YEAR 10
BuildingLand
3,500,000300,000
Nonrecourse 1st MortgageRecourse Second
MortgageNonrecourse Third
MortgageLP Capital (99%)GP Capital (1%)
4,000,000500,000
300,000
(490,000) (510,000)
3,800,000 3,800,000