USE OF PROCEEDS
Land and Building		1,800,000
Improvements		$180,000
Soft Cost:
Appraisal/Environment		$3,000
Bank Points/Interest		$12,000
Escrow & Title		$5,000
Total Soft Costs		$20,000
Total Project Costs		$2,000,000
.......... FINANCE STRUCTURE SBA 504 Loan
Bank 1st TD Loan	50%	$1,000,000
Net Debenture Proceeds	40%	$800,000
Borrower	10%	$200,000
Total Project Cost	100%	$2,000,000
Bank Interim Loan		800,000
Reserve Account Fee (0.5%)		4,000
CDC Processing Fee (1.5%)		12,000
Funding Fee (0.25%)		2,000
Legal Closing Fees		1,200
Underwriting Fee (0.40%)		3,292
Balance to Borrower		508
Gross Debenture		823,000
Borrower is responsible for title fees, tax service and any other incidental closing costs associated with funding the 504 debenture.

*Interest rate subject to change.