LSI 2010 Real Estate Joint Ventures conference materials.pdf
LSI 2010 Real Estate Joint Ventures conference materials.pdf LSI 2010 Real Estate Joint Ventures conference materials.pdf
Gregory K. Johnson of Wright Runstad & Company Preston R. Sargent of Kennedy Associates Real Estate Counsel, LP Speaker 5: 8 Speaker 6: 8 $35 Equity $125 $100 $65 Leased at $15/yr Expenses of $5/yr NOI = $10/yr Cap NOI at 8% Value=$125 $60 Equity Really Great Deal Total Cost = $100 Construction Loan 65% LTC Sell Return Original Investment Profit of $25 15 $35 Equity 95% Investor = $33.25 5% Developer = $1.75 70/30 Split after Return of Original Investment $100 $98.25 $65 Leased at $15/yr Expenses of $5/yr NOI = $10/yr Cap NOI at 8% Value=$125 Really Great Deal Total Cost = $100 Construction Loan 65% LTC 16 Law Seminars International | Real Estate Joint Ventures and Funds | 02/08/10 in Seattle, WA
Gregory K. Johnson of Wright Runstad & Company Preston R. Sargent of Kennedy Associates Real Estate Counsel, LP Speaker 5: 9 Speaker 6: 9 $35 Equity 95% Investor = $33.25 5% Developer = $1.75 70/30 Split after Return of Original Investment $100 $98.25 $65 Leased at $15/yr Expenses of $5/yr NOI = $10/yr $125 $60 Equity Cap NOI at 8% Value=$125 Really Great Deal Total Cost = $100 Construction Loan 65% LTC Sell Return Original Investment Profit of $25 Split 70/30 Investor $33.25 + $17.5 = $50.75 Developer $1.75 +$7.5 = $9.25 17 $35 Equity 95% Investor = $33.25 5% Developer = $1.75 70/30 Split after Return of Original Investment $100 $98.25 $65 Leased at $15/yr Expenses of $5/yr NOI = $10/yr Cap NOI at 8% Value=$125 $125 $60 Equity Permanent Loan 80% LTV = $100 10 yrs @ 6% I/O DS=$6/yr $125 $117.5 $100 Really Great Deal Total Cost = $100 Construction Loan 65% LTC Sell Return Original Investment Profit of $25 Split 70/30 Investor $33.25 + $17.5 = $50.75 Developer $1.75 +$7.5 = $9.25 Refinance Return Original Investment NOI $10/yr DS=$6/yr CF =$4/yr Split 70/30 Investor $2.8/yr Developer $1.2/yr 18 Law Seminars International | Real Estate Joint Ventures and Funds | 02/08/10 in Seattle, WA
- Page 1: L A W S E M I N A R S I N T E R N A
- Page 4 and 5: Monday, February 08, 2010 Real Esta
- Page 6 and 7: John W. Hanley, Jr., Ste
- Page 8 and 9: Table of Contents Topic Speaker # L
- Page 10 and 11: Faculty for Real Estate Joint Ventu
- Page 13: L A W S E M I N A R S I N T E R N A
- Page 16 and 17: John W. Hanley, Jr. of Davis Wright
- Page 18 and 19: Steven L. Wood of Century Pacific,
- Page 21 and 22: Tracy B. Edgers of Wells Fargo Bank
- Page 23 and 24: Tracy B. Edgers of Wells Fargo Bank
- Page 25 and 26: Tracy B. Edgers of Wells Fargo Bank
- Page 27 and 28: Tracy B. Edgers of Wells Fargo Bank
- Page 29 and 30: Tracy B. Edgers of Wells Fargo Bank
- Page 31 and 32: Steven L. Wood of Century Pacific,
- Page 33: L A W S E M I N A R S I N T E R N A
- Page 36 and 37: Gregory K. Johnson of Wright Runsta
- Page 38 and 39: Gregory K. Johnson of Wright Runsta
- Page 40 and 41: Gregory K. Johnson of Wright Runsta
- Page 44 and 45: Gregory K. Johnson of Wright Runsta
- Page 46 and 47: Gregory K. Johnson of Wright Runsta
- Page 49: L A W S E M I N A R S I N T E R N A
- Page 72 and 73: Joseph P. McCarthy of Stoel Rives L
- Page 74 and 75: Joseph P. McCarthy of Stoel Rives L
- Page 76 and 77: Joseph P. McCarthy of Stoel Rives L
- Page 78 and 79: Joseph P. McCarthy of Stoel Rives L
- Page 80 and 81: Joseph P. McCarthy of Stoel Rives L
- Page 83: L A W S E M I N A R S I N T E R N A
- Page 86 and 87: David E. Myre, Jr. of Hillis Clark
- Page 88 and 89: David E. Myre, Jr. of Hillis Clark
- Page 90 and 91: David E. Myre, Jr. of Hillis Clark
Gregory K. Johnson of Wright Runstad & Company<br />
Preston R. Sargent of Kennedy Associates <strong>Real</strong> <strong>Estate</strong> Counsel, LP<br />
Speaker 5: 9<br />
Speaker 6: 9<br />
$35 Equity<br />
95% Investor = $33.25<br />
5% Developer = $1.75<br />
70/30 Split after<br />
Return of Original Investment<br />
$100<br />
$98.25<br />
$65<br />
Leased at<br />
$15/yr<br />
Expenses of<br />
$5/yr<br />
NOI = $10/yr<br />
$125<br />
$60 Equity<br />
Cap NOI at<br />
8%<br />
Value=$125<br />
<strong>Real</strong>ly Great Deal<br />
Total Cost = $100<br />
Construction Loan<br />
65% LTC<br />
Sell<br />
Return Original Investment<br />
Profit of $25 Split 70/30<br />
Investor $33.25 + $17.5 = $50.75<br />
Developer $1.75 +$7.5 = $9.25<br />
17<br />
$35 Equity<br />
95% Investor = $33.25<br />
5% Developer = $1.75<br />
70/30 Split after<br />
Return of Original Investment<br />
$100<br />
$98.25<br />
$65<br />
Leased at<br />
$15/yr<br />
Expenses of<br />
$5/yr<br />
NOI = $10/yr<br />
Cap NOI at<br />
8%<br />
Value=$125<br />
$125<br />
$60 Equity<br />
Permanent Loan<br />
80% LTV = $100<br />
10 yrs @ 6% I/O<br />
DS=$6/yr<br />
$125<br />
$117.5<br />
$100<br />
<strong>Real</strong>ly Great Deal<br />
Total Cost = $100<br />
Construction Loan<br />
65% LTC<br />
Sell<br />
Return Original Investment<br />
Profit of $25 Split 70/30<br />
Investor $33.25 + $17.5 = $50.75<br />
Developer $1.75 +$7.5 = $9.25<br />
Refinance<br />
Return Original Investment<br />
NOI $10/yr DS=$6/yr<br />
CF =$4/yr Split 70/30<br />
Investor $2.8/yr<br />
Developer $1.2/yr<br />
18<br />
Law Seminars International | <strong>Real</strong> <strong>Estate</strong> <strong>Joint</strong> <strong>Ventures</strong> and Funds | 02/08/10 in Seattle, WA
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