Junction: BAJA Developments - Masters of Architecture Design Economics Final Project

JUNCTION BAJA DEVELOPMENTS

BRANDON LIND ADAM POOLE JAIMI-YRA BENDO ANDREW PEACOCK

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TABLE OF CONTENTS

TABLE OF CONTENTS DEVELOPMENT BRIEF PLANNING RATIONAL

SITE ANALYSIS

LAND USE & NEARBY KEY DESTINATIONS

JUSTIFYING PARCEL SELECTION AND NEARBY DEVELOPMENTS

HINTONBURG NEIGHBOURHOOD STATISTICS

SITE PHOTOS

SITE PLAN DESIGN PACKAGE

FLOOR 1 SUMMARY

PARKING AND FLOOR 2 SUMMARY

FLOOR 3 - 4 AND 5 SUMMARY

FLOOR 6 AND 7 - 14 SUMMARY

PERSPECTIVE FROM THE EDDY

PERSPECTIVE LOOKING SOUTH - WEST ON WELLINGTON STREET FINANCIAL PACKAGE

DEVELOPMENT FINANCIAL SUMMARY

PRO - FORMA

REVENUE SUMMARY

UNIT PRICING

TARION ENROLLMENT BREAKDOWN

2-3 4-5 6 - 13 7 8 9 10 11 - 12 13 14 - 21 16 17 18 19 20 21 22 - 35 23 24 - 27 28 29 30

TABLE OF CONTENTS

CASH FLOW PROJECTION

PROJECT TIMELINE

GO - NO/GO APPENDIX A

FINANCING SUMMARY

LOAN AMORTIZATION APPENDIX B

THE ARNO

THE KYLLE

FINISH SCHEDULE - TIER 1

FINISH SCHEDULE - TIER 2

FINISH SCHEDULE - TIER 3 APPENDIX C

LEED CHECKLIST

TRIPLE BOTTOM LINE APPENDIX D

LAND TITLE 999

LAND TITLE 1011 APPENDIX E

WORK DISTRIBUTION APPENDIX F

ALTERNATE FINANCING STRUCTURE

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31 32 - 34 35 36 - 37 36 37 38 - 42 38 39 40 41 42 43 - 44 43 44 45 - 46 45 46 47 47 48 48

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3

DEVELOPMENT BRIEF

DEVELOPMENT BRIEF

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BACHELOR

BAJA DEVELOPMENTS

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2

FLOORS 7 - 14

298m²

1 BED

FLOOR 6

2 BED

586m²

BUILDING FOOTPRINT 1:1000

34 17 11

3 BED

FLOOR 5

739m² SITE AREA FLOORS 3 - 4

911m²

2580 m² GROSS FLOOR AREA

LOCATION PLAN 1:3000

6511 m²

AVERAGE UNIT

LARGEST UNIT

SMALLEST UNIT

73 m²

109 m²

43 m²

FLOOR 2

910m² UNITS GROUND FLOOR

LEVEL 14

760m²

LEVEL 13 LEVEL 12

62

LEVEL 11 LEVEL 10

UNDERGROUND PARKING

PARKING 1 - 2

LEVEL 9

1283m²

LEVEL 8

RESIDENTIAL

LEVEL 7 LEVEL 6 LEVEL 5

53

LEVEL 4 LEVEL 3 LEVEL 2

SURFACE PARKING

12

GROUND LEVEL PARKING 1 PARKING 2

COMMERCIAL PARKING

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PLANNING RATIONALE

SITE ANALYSIS

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PLANNING RATIONALE

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BAJA DEVELOPMENTS

Site Description

Design Context

The property contains paved surface parking lot accessed from Wellington Street to the South East as well as one building which would be demolished for this development. The property is approximately 20.2 meters wide along Wellington Street and 30.2 meters deep making a total area of 610.04 square meters. To the East of the site is a restaurant which abuts to the property line. To the West of the site is another paved parking lot with access from Wellington Street. The side of the site bordering the site is bordered by a concrete sidewalk with a depressed curb where the roadway access to the site is located.

The site is in a highly exposed area as it is at the intersection of Wellington and Irving and just West of where Somerset ends and Wellington begins. The surrounding community is a very desirable area of the city because of its shops and restaurants, making it a destination for people from all around the city. The area is also booming with new housing developments including “The Eddy” across the street. Because of the areas popularity it is subject to heavy pedestrian and car traffic.

Site Context The site is located on Wellington Street near where it intersects Irving Avenue. The site contains a gourmet doughnut shop and borders a juice bar to the East. Across the street was formerly an auto repair shop and is now the site of a residential development called “The Eddy,” by Windmill Development Group. Wellington Street is a four lane road with abundant street parking and fairly low speed traffic. The surrounding area would be characterized by low rise mixed use buildings with storefronts along Wellington. Also within the context are high rise apartment buildings. The site is within easy walking distance (600m) of the O-Train (Bayview Station). The bus stop across the street (Wellington/ Somerset) allows for bus access to directly to Rideau Centre.

The development could be a significant project that serves as a gateway into Wellington. Given the context of the site and the significance of the location, a six story mid-rise building with ground floor retail would work well for the location as it would be a beacon for people entering the community while respecting the context and promoting street activity. The project would be a part of a greater redevelopment of the community.

Official Plan The property is designated in the City of Ottawa – Wellington Street West Secondary Official Plan, which consists of Schedule A: Traditional Mainstreets and Schedule B: Specific Policy areas. The City of Ottawa – Wellington Street West Secondary Official Plan has limited new construction in the Traditional Mainstreet area to have a maximum building height of 20 meters or 6 stories. This information can be found under 11.3.1 General Mainstreet Policies.

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PLANNING RATIONALE

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LAND USE AND NEARBY KEY DESTINATIONS

SITE COMMERCIAL RESIDENTIAL

SITE POINTS OF INTEREST BAYVIEW STATION

PARKS BUS STOPS LAROCHE PARK

TOM BROWN ARENA

THE EDDY

SAINT-FRANCOIS D'ASSISE CHURCH

HINTENBERG PARK

JUSTIFYING PARCEL SELECTION AND NEARBY DEVELOPMENTS

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PLANNING RATIONALE

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BAYVIEW STATION DISTRICT

BAJA DEVELOPMENTS 1040 SOMERSET STREET

Baja Developments has applied for an Official Plan Amendment, Zoning By-Law Amendment, Major Variances, and Site Plan Control Agreement for the proposed mixed-use condominuim development at 999 & 1011 Wellington Street West in Ottawa, ON. The two properties are located on Wellington Street West and one property (999 Wellington Street West) can be accessed from Wellington Street and also from Armstrong Street.

Baja Developments selected 999 & 1011 Wellington Street West properties for development due to three reason: cash on cash return, environmental impact, and architectural and community design. Developing only on two properties kept land purchase cost significantly lower than if three properties were being developed. Even though an official plan, major variance, and zoning amendments are required, it is still more economically viable to develop higher on two properties rather than all three properties.

As Junction is being constructed directly across from The Eddy Condominiums, Baja wanted to create a unique signature architecture piece. We determined that the right proportions were found by designing a 14 storey tower rather than being constrained by the six stories set out by the zoning requirements.

The importance of community played a major role in the design and development decisions. Suzy Q Donuts, an established and loved neighbourhood shop is currently located on 991 Wellington and felt as though this eatery and it’s community character is irreplaceable and will continue to flourish, even during the construction of Junction. Taco Lot will be relocated in the main floor the mixed-use condominium development and will also continue to thrive after the construction of Junction.

The design and layout of Junction values a high-quality pedestrian environment and character; a greener, public friendly streetscape; and establishment of community gateway features that is featured throughout all of Hintonburg. The design promotes pedestrian traffic while providing a laneway/pedestrian walkway from Wellington Street West to Armstrong Street on the corner edge of the development.

TAMARACK WELLINGTON

THE EDDY

1050 WELLINGTON

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PLANNING RATIONALE

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HINTONBURG NEIGHBOURHOOD STATISTICS DWELLING TYPE

Row House 4%

Duplex 9%

Single-Detached 14%

Semi-detached 6%

Apartment 67%

POPULATION AGE 80 and over 4% 60 - 79 30%

0 - 19 13%

20 - 39 38% 40 - 59 30%

SITE PHOTOS

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PLANNING RATIONALE

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PLANNING RATIONALE

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SITE PHOTOS

LEGEND FLOORS 1 - 4 FLOOR 5 FLOOR 6 PROPERTY LINE

2 A1

PROPERTY LINE SETBACKS (R4T):

PROPERTY LINE SETBACKS (TM11):

PROHIBITED USES: MINIMUM. LOT AREA: MINIMUM. LOT WIDTH:

NONE 1,400 sq.m / 15,070 sq.ft.

NO MINIMUM

MINIMUM. LOT AREA: MINIMUM. LOT WIDTH:

NO MINIMUM NO MINIMUM

MAX. FRONT YARD SETBACK: MIN. INT. SIDE YARD SETBACK:

3.0 m / 10 ft.

VARIOUS PER DWELLING TYP.

3.0 m / 10 ft.

2.0 m / 10 ft.

MIN. REAR YARD SETBACK: - (not abutting rear yard of a lot)

N/A

MAX. FRONT YARD SETBACK: MIN. FRONT YARD SETBACK: - (for buildings above 15m) MAX. INT. SIDE YARD SETBACK: MIN. REAR YARD SETBACK: - (abutting a residential zone)

MAX. BUILDING HEIGHT:

VARIOUS PER DWELLING TYP.

EXISTING BUILDING

LOCATION PLAN 1 : 4000

3.0 m / 10 ft.

7.5 m / 10 ft.

MAX. FLOOR SPACE INDEX:

NO MAXIMUM

MAX. BUILDING HEIGHT: - (max. 6 stories)

20 m / 66 ft.

MAX. BUILDING DEPTH [1824]:

22.5 m / 73.8 ft.

MIN. WIDTH OF LANDSCAPE AREA: - (abutting a residential zone)

3.0 m / 10 ft.

PARKING AREA: MIN. WIDTH OF LANDSCAPE AREA: - (abutting a street) MIN. WIDTH OF LANDSCAPE AREA: - (not abutting a street)

3.0 m / 10 ft.

1.5 m / 5 ft.

60.1

FRONT YARD SETBACK

11.7

PROPERTY LINE GROSS FLOOR AREA

ZONE: TM11 ZONE: R4T GROUND LEVEL FOOTPRINT

3

INTERIOR SIDE YARD SETBACK

Floor 1 Area: Floor 3 - 4 Area: Floor 5 Area: Floor 6 Area: Floor 7 - 14 Area:

760 m² 738 m² (2) 947 m² 517.6 m² 262 m² (8)

Gross Floor Area:

6511 m²

PARKING

46.35

FLOORS 1-4

FH

Retail Parking Requirements 2.5/ 100m² 760- 150 = 610m² 610m²/ 100 x 2.5

1 A1

SITE PLAN 1 : 300

3.35

3.35

11.9

= 32 Spaces Visitor Parking Requirements 0.2/ Dwelling Unit 64 - 12 (0.2)

Total Required Spaces:

58

BICYCLE PARKING Retail Parking Requirements 1/ 250m² 760/ 250

2

Residential Parking Requirements 0.5/ Dwelling Unit (100m²) 64 Units x 0.5

Total Parking Spaces:

JOB TITLE

DESIGN ECON. DEVELOPMENT 991 WELLINGTON STREET OTTAWA, ON DRAWING TITLE

= 3 Spaces

2

N

Residential Parking Requirements 0.5/ Dwelling Unit 64 Units x 0.5

= 32 Spaces 7.5

NORTH ARROW

= 15 Spaces

=11 Spaces

T

FRONT YARD SETBACK ABOVE 4TH FLOOR OR 15m

FLOOR 6

REAR YARD SETBACK 45° (±3m)

REAR YARD SETBACK 45° (±3m) FLOOR 5

REAR YARD SETBACK

34.65

FLOORS 1-4

EXISTING BUILDING TO BE DEMOLISHED

WELLINGTON STREET

ARMSTRONG STREET

30

LOCATION & SITE PLAN DATE

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SCALE DRAWN BY

DEC 4, 2014 AS NOTED AP

DRAWING

A1

DESIGN PACKAGE

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1 FLOOR SCALE 1:200

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DESIGN PACKAGE

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FLOOR 1 SUMMARY

1-12 PARK 3838 sq.ft

102 CRU 5550 sq.ft

x1 x1 x32 x12 7933 SQ. FT. GROSS FLOOR AREA

1612 SQ. FT. COMMON AREA

6321 SQ. FT.

SALEABLE FLOOR AREA

FLOOR EFFICIENCY

80%

103 LOCK 771 sq.ft

101 LOB. 1612 sq.ft

PARKING AND FLOOR 2 SUMMARY

SCALE 1:500

GROSS FLOOR AREA

9540 SQ. FT. COMMON AREA

13-34 P1

#205 1BED

920 sq.ft

665 sq.ft

#204 1BED 666 sq.ft

#203 1BED

x0 x8 x3 x0

= 12 UNITS

9792 SQ. FT.

#209 1BED

653 sq.ft

580 sq.ft

#210 1BED

#202 1BED

556 sq.ft

666 sq.ft

1388 SQ. FT.

13820 SQ. FT. 10012 SQ. FT.

= 53 SPOTS

#206 2BED

580 sq.ft

GROSS FLOOR AREA

SALEABLE FLOOR AREA

BAJA DEVELOPMENTS

#208 1BED

12039 sq.ft

LEVEL 2

3808 SQ. FT.

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575 sq.ft

SALEABLE FLOOR AREA

COMMON AREA

JUNCTION

#207 1BED

2499 SQ. FT.

GROSS FLOOR AREA

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SCALE 1:200

LEVEL 1

12039 SQ. FT.

x32

DESIGN PACKAGE

2 FLOOR

P FLOOR x21

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COMMON AREA

35-55 P2 13820 sq.ft

8404 SQ. FT.

SALEABLE FLOOR AREA

FLOOR EFFICIENCY

86%

#211 2BED

#201 2BED

858 sq.ft

890 sq.ft

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3 4 FLOOR SCALE 1:200

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DESIGN PACKAGE

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FLOOR 3-4 AND 5 SUMMARY

#304 3BED 982 sq.ft

5 FLOOR

#505 1BED 689 sq.ft

#504 1BED 710 sq.ft

SCALE 1:200

#305 1BED 765 sq.ft #303 2BED 924 sq.ft

#506 3BED #306 1BED

1010 sq.ft

787 sq.ft

#503 2BED 859 sq.ft

x0 x2 x2 x4

= 8 UNITS

#302 3BED #307 3BED

1038 sq.ft

1175 sq.ft

x0 x4 x1 x2

= 7 UNITS

9806 SQ. FT.

7964 SQ. FT.

GROSS FLOOR AREA

GROSS FLOOR AREA

1388 SQ. FT.

1388 SQ. FT.

COMMON AREA

8418 SQ. FT.

SALEABLE FLOOR AREA

#507 3BED 961 sq.ft #502 1BED 729 sq.ft

COMMON AREA

#308 2BED

#301 3BED

849 sq.ft

1099 sq.ft

6576 SQ. FT.

SALEABLE FLOOR AREA

#501 1BED 727 sq.ft

FLOOR EFFICIENCY

86%

FLOOR EFFICIENCY

83%

FLOOR 6 AND 7-14 SUMMARY

6 FLOOR

#604 3BED 1137 sq.ft

SCALE 1:200

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DESIGN PACKAGE

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7 14 FLOOR SCALE 1:200

#605 BACH. 465 sq.ft #603 1BED 859 sq.ft

x2 x3 x0 x1

= 6 UNITS

6311 SQ. FT. GROSS FLOOR AREA

1388 SQ. FT.

x0 x2 x1 x0

= 3 UNITS

#606 BACH. 488 sq.ft

GROSS FLOOR AREA

729 sq.ft

651 SQ. FT.

COMMON AREA

4923 SQ. FT.

2541 SQ. FT.

#601 1BED

SALEABLE FLOOR AREA

605 sq.ft

FLOOR EFFICIENCY

78%

858 sq.ft

3192 SQ. FT.

#602 1BED

COMMON AREA

SALEABLE FLOOR AREA

#703 2BED

FLOOR EFFICIENCY

80%

#702 1BED 624 sq.ft

#701 1BED 755 sq.ft

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DESIGN PACKAGE

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PERSPECTIVE FROM THE EDDY AND PERSPECTIVE LOOKING SOUTH-WEST ON WELLINGTON

PERSPECTIVE LOOKING SOUTH-WEST ON WELLINGTON WITH EDDY

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DESIGN PACKAGE

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FINANCIAL PACKAGE

DEVELOPMENT FINANCIAL SUMMARY DEVELOPMENT FINANCIAL SUMMARY

Average Selling Price PSF % Equity Net/Total Revenues Expenses Profit Profit per Door Equity Required Cash on Cash Return Bank Loan Private Investors % LTC (Debt)

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FINANCIAL PACKAGE

$562.58 20% $33,323,268.60 $24,084,727.10 $9,238,541.50 $144,352.21 $5,000,000.00 38.36% $7,000,000.00 $11,500,000.00 80%

DEVELOPMENT EXPENSES Site Development (Pre-Development) Design and Planning Marketing and Sales Construction Financing Tarion LEED

$2,654,737.85 $3,649,261.45 $1,797,819.99 $14,366,455.57 $1,490,766.74 $67,021.80 $58,663.69

TOTAL EXPENSES $24,084,727.10 REVENUES Residential Sales Residential Parking Stall Sales Residential Lockers Commercial Sales Parking Stall Sales

$28,489,109.00 $1,140,000.00 $160,000.00 $3,330,000.00 $21,600.00

TOTAL REVENUES $33,323,268.60

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$34,000.00

Building Envelope Consultant Fixed Fee for 70,000 sq.ft. building

Realty Taxes (Estimated Property Tax) Site Plan Control Fees (including planning fee = $17,637 & Legal fees = $2006+HST) Traffic Study (Data Collection, Analysis, Document Preparation, Meetings) Education Fees (recreation facilities, libraries, child care facilities, and corporate studies): Inside the Greenbelt Area Apartment Dwelling (1 Bedroom) = $/Unit (2+Bedrooms) = $/Unit

Permits and Development Charges

Surveyor: $1,500 per property Contingency Soft Costs: 7% to 10% of the total professional costs Disbursements 5%

$56,800.00 $14,366,455.57

1.14%

300 hours

5%

$1,900,000.00

$0.14

$7,600.00

$1.71

$95,000.00

$0.09

$4,740.00 1 study

36 units 28 units

$4,740.00

$640.00 $869.00

$0.85

$0.36

$19,903.78 $19,903.78

$47,372.00

$0.51

$28,398.16

$33.91

$2.40

$133,000.00

$1,881,794.01

$0.05

$3,000.00

$0.61

$1.85

$102,772.66

$34,000.00

$0.26

$0.28

$14,700.00

$15,335.80

$0.65

$0.07

$3,740.00

$36,000.00

$11.00 $3.24 $3.24 $3.24 $2.59 $2.59

$610,574.36 $179,580.69 $179,580.69 $179,580.69 $143,664.56 $143,664.56

$47.84

$2.24

$124,039.56 $2,654,737.85

$0.04 $0.03

$2,400.00 $1,400.00

$28,398.16

Professional Design Fee TOTAL:

7%

2 properties

$1,900,000.00

$1,500.00

1

0.32%

Zoning By-Law Amendment = $7,000 Coordination of Site Plan Application = $3,700 Official Plan Amendment = $4,000

$1,345,245.61

$120.00

Traffic Study Consultant Urban Planning Consultant (Related fees for zoning by-law amendment = $5,000-$10,000) (Coordination of Site Plan Application = $3,000-$4,500) (Official Plan Amendment = $3,000$6,000) Cost Planning Base Rate & Percentage Fee (of total construction cost) of Building Category 2 (condominium, townhouses, etc.) – $56,800 + (total construction cost x 0.32%)

Interior Design Consultant

4

4.25% 1.25% 1.25% 1.25% 1.00% 1.00%

Land Acquisition TOTAL:

5%

2 properties 4 hours

$0.68

$0.07

$0.28

$0.41

$26.85

$1.36

$1.90

$0.04

$0.49

$1.47

$0.21

$0.22

$0.51

$0.11

$0.05

$8.71 $2.56 $2.56 $2.56 $2.05 $2.05

$37.88

$1.77

$0.03 $0.02

$0.66

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city0.20% hall/planning-and-development).

City of Ottawa: Property Tax Estimator (http://ottawa.ca/cgibin/tax/tax.pl?year=22&property_type=260 &tr=1&f=8&sw=5&assessment=1750000&s 0.12% ubmit=Submit+Query&lang=en#) City of Ottawa (http://ottawa.ca/en/cityhall/planning-and-development/how0.08% develop-property/fees) Spack Consulting (http://www.spackconsulting.com/?page_i 0.02% d=20#86)

7.81%

5.05% Information obtained from Derrick Howe

0.55% Information obtained from Derrick Howe

Information obtained from Cost Consultant (http://www.ciqs.org/English/doc/Recomm ended_Fee_Schedule_%20FINAL_%202012 0.43% .pdf ) Morrison Hershfield Building Envelope Consultant Burlington Office Project 0.14% Manager (905) 319-6668 Information obtained from Homes of Ottawa Website (http://www.homesinottawa.com/site/Page 0.01% s/buyer-costs.html)

0.06% Information obtained from McIntosh Perry

Information obtained from melmacdesigns 0.15% website (http://www.melmacdesigns.com/) Information obtained from Trans-Planning: 0.06% Transportation Engineering consultants

Information obtained from RAIC New Guide2.54% architects service fee document 0.75% 0.75% 0.75% 0.60% Information obtained from Tower 0.60% Engineering Group Information obtained from 0.02% (http://www.terraprobe.ca/) Information obtained from (http://www.artisticlandscape.on.ca/service 0.03% s/consultation.aspx)

11.02%

Information obtained from Homes of Ottawa Website (http://www.homesinottawa.com/site/Page s/buyer-costs.html) 0.01% $900-$1,200 (cost vary depending on firm) 0.01% Information obtained from Lecture 11 Information obtained from Real Estate 0.52% Agent (5% of Total Land Cost)

Information obtained from online calculator on Ottawa Real Estate Board (http://www1.ottawarealestate.org/home/C 0.19% alculators/LandTransferTaxCalculator.aspx)

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$1,900.00

$14,366,455.57 $14,366,455.57 $14,366,455.57 $14,366,455.57 $14,366,455.57 $14,366,455.57

$2,480,791.29

$1,200.00 $350.00

$0.83

$35.40 $0.00

FINANCIAL PACKAGE

Professional Design Fees Architect Base Percentage Fee (of total construction cost) of Building Category 2 (condominium, townhouses, etc.) – New Construction Structural Engineer Mechanical Engineer Electrical Engineer Civil Engineer Geotechnical Engineers Environmental Engineer Fixed cost based on lot size = $3,740 Landscape Consultant Consultation = $500 & Design = $1,400 for residential (4x for commercial)

Disbursement (per property) (Price includes deed registration, mortgage registration, tax certificate, zoning and building department searches, utility searches, etc.)

Real Estate Lawyer Realtor Fees: Buyer Agents

$46,091.00

$44.70 $0.00

Notes

Information obtained from Ottawa Real Estate Board 10.30% (http://www1.ottawarealestate.org) 0.00% Information obtained from City of Ottawa

%

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$46,091.00

$2,480,791.29 $16.00

Saleable Cost Gross Cost per sq. ft. per sq. ft.

JUNCTION

Land Transfer Tax: Legal Fees (land closing):

1 lot 1 lot 2 titles

Total Expenses

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$1,000,000.00 $1,480,791.29 $8.00

Price

per units/sq. ft. /percentages / lots /years

Calculations

EXPENSES

BAJA DEVELOPMENTS

Land Acquisition Land Cost: 999 Property Dim. 1011 Property Dim. Title Search

Description

Total Gross Area (sq. ft.) = 70,085

Total Saleable Area (without balconies) (sq. ft.) = 50,711

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Total Saleable Area (including balconies) (sq. ft.) = 55,493

PRO FORMA

24 PRO-FORMA

5,550 sq. ft.

36 units 28 units 5,550 sq. ft.

36 units 28 units

$19.55

$111.00 $150.00 $0.01

$2,086.00 $2,733.00

Website Advertising Graphic Design Company (including branding, logo design, app design, and video production) $74/hour Occupancy Costs:

Website Maintenance

200 hours

18 months

18 months

1 website

$6.81

$0.00

$0.36

$0.08

$0.24

$0.27

$378,000.00

$180.00

$20,000.00

$4,500.00

$13,500.00

$14,800.00

$0.21

$0.19

$0.06

$0.29

$0.00

$5.39

$3.33

Information obtained from executionists.com (http://www.executionists.com/blog/cost0.06% to-build-websites-2014/) Information obtained from http://www.rgd.ca/database/files/library/R GD_WhatDoGraphicDesignersCharge_%28 0.06% 1%29.pdf

0.02%

0.08%

Information obtained by email from (pattisonoutdoor.com) 1.57% Pattison Group Custom Brochures from Staples Copy and Print Centre (http://www.staples.com/sbd/content/ 0.00% copyandprint/brochures.html)

0.97%

BAJA DEVELOPMENTS

$74.00

$750.00

$250.00

$20,000.00

500 brochures

$4.20

$233,100.00

$3.72

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Website

$180.00

12 months

$31,500.00

$4.69

$260,500.00

Information based on construction costs and finishes: $170x1500sqft + $5500 for finishes and installation (includes model 1.08% suite and office)

7.34%

JUNCTION

Brochures

6 months

1 suite

$25.22

0.06% Information obtained from Lecture 11 http://ottawa.ca/en/city-hall/planning-anddevelopment/how-develop-property/fees Ontario Municipal Board Hearing City Legal Costs: When the application is made, the applicant will be required to sign an undertaking to pay all legal costs incurred by the City, including solicitor's fees and disbursements, for preparation for and attendance at an Ontario Municipal Board hearing if the matter proceeds to a hearing.

Information obtained from City of Ottawa Website (http://ottawa.ca/en/cityhall/planning-and-development/how0.06% develop-property/fees)

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city2.47% hall/planning-and-development).

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city0.68% hall/planning-and-development).

Information obtained from City of Ottawa http://ottawa.ca/en/city-hall/planning-anddevelopment/how-develop-property/fees

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city0.03% hall/planning-and-development).

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city3.40% hall/planning-and-development).

|

$38,850.00

$260,500.00

$31.85

$0.20

$0.22

$8.50

$2.33

$0.12

$11.70

$0.49

$0.09

Notes

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city0.03% hall/planning-and-development).

Information obtained from City of Ottawa Website (http://ottawa.ca/en/city0.14% hall/planning-and-development).

%

FINANCIAL PACKAGE

Sales Office/Model Suites Advertising Billboard (Pattison Group) Street Advertising/Coremedia (Pattison Group)

Marketing and Sales Commissions

$1,767,467.44

Permits & Development Charges TOTAL:

$0.25

$14,000.00

$10,000.00 $10,000.00

Variances Legal Fees (Maximum Legal Fee for Major Zoning Amendment: $10,000)

$0.28

$10.73

$2.94

$0.15

$14.77

$0.62

$0.11

Saleable Cost Gross Cost per sq. ft. per sq. ft.

$15,318.00

$595,702.50

$ 18,742

$163,219.50

$8,251.50

$819,890.50

$34,400.00

$6,271.50

Total Expenses

|

major variance 1 application

40 hours

$350.00

5,550 sq. ft.

$16.99

1 set fee

28 units

$9,198.00

$15,318.00

36 units

1 set fee

$6,774.00

$ 18,742

5,550 sq. ft.

28 units

$13,051.00

$2.09

36 units

$9,610.00

5,550 sq. ft.

$1.13

344 sq. ft.

55,493 sq. ft.

$1.13

per units/sq. ft. /percentages / lots /years

$100.00

Price

Zoning By-Law Amendment Major Zoning Amendment (increase building height) Legal Fees (including lawyer to review & complete General Contractor (tendering process, contract documentations (CCDC), etc.))

Official Plan Amendment Miscellaneous Fees (roads & related services, protection, public transit, paramedic services, affordable housing): Inside the Greenbelt Area Apartment Dwelling, (1 Bedroom) =$/Unit Apartment Dwelling, (2+Bedrooms) =$/Unit Non-Residential Development Charges = $16.99 per sq. ft.

Non-Residential Development Charges = $2.09 per sq. ft.

Demolition Permit: $100 (for the first 5,000 sq. ft. of GFA) Development Charges: Inside the Greenbelt Area Apartment Dwelling, (less than 2 Bedrooms) = $9,610/unit Apartment Dwelling, (2+Bedrooms) = $13,051/unit Non-Industrial Charge Use = $19.55 per sq. ft.

Parkland Dedication/Parks Development (Non-District Parks): Inside the Greenbelt Area Apartment Dwelling, (1 Bedrooms) = $111/Unit Apartment Dwelling, (2+Bedrooms) = $150/Unit Non-Residential Development Charges = $0.01 per sq. ft.

Service Connections (sanitary (waste water), water, and storm water drainage): Inside the Greenbelt Area Apartment Dwelling, (1 Bedrooms) = $2086/Unit Apartment Dwelling, (2+Bedrooms) = $2,733/Unit

Building/Construction Permits (GFA in sq. ft.): Land Acquisition Building Classification by Major Occupancy Group C (residential occupancies) = $1.13/sq. ft.

Group E (mercantile occupancies) = $1.13/sq. ft.

Description

Calculations

PRO-FORMA

| 25

13,824 sq. ft.

25,859 sq. ft.

64 units

$80.00 $101.03 $8,110.00 $10,000.00

$4,500.00

Contingency Hard Costs: 3% to 5% of the total construction costs

$1,702.51

$11,114.43

$4,500.00

Certification Fee:

Design/Construction/Energy Simulation Review

$350.00

Tarion TOTAL:

4 hours

$1,490,766.74

Financing TOTAL:

$2,500.00

$24.24

$1,345,245.61 4.75%

$1,345,245.61

$4,500.00

$11,114.43

$1,702.51

$67,021.80

$0.08

$0.20

$0.03

$1.21

$0.03

$1.14

$63,121.80 $1,400.00

$0.05

$2,500.00

$26.86

$0.23

$12,871.13 $12,871.13

$0.03

$1,400.00 $350.00

$2.23

$258.89

$0.14

$123,750.00

$14,366,455.57

$0.00

$9.35 $0.18

$199.43

$7,500.00 4 hours

0.75%

Construction Cost TOTAL:

$135.00

$2,612,534.77 $519,040.00 $10,000.00

$11,066,980.00

$7,500.00

Registration Fee:

LEED

Legal Fees

New Home Builder Registration Fee Total Warrenty Enrolment Fee (Refer to Tarion Breakdown Chart)

Tarion

Property Taxes Interest on Loans (of the borrowed amount) (4.75% x loan amount = interest for one year)

Cost Consultant - initial Report & Inspections (monthly inspections) ($7,500 for a complete report, including appraisals. Bank does not sepearte report and appraisals, according to BMO Commercial Account Manager) Legal Fees (Lawyers get paid hourly)

$16,500,000.00

5,550 sq. ft.

$95.00

$2.85

$0.06

$0.16

$0.02

$0.96

$0.02

$0.90

$0.04

$21.27

$19.19

$0.18

$0.02

$0.11

$1.77

$204.99

$0.00

$7.41 $0.14

$157.91

$2.25

Information obtained from Derrick Howe

Information obtained from Yardsticks 2009 Information based on Finish Schedule Based on budgeting

Information obtained from CAGBC website (http://www.cagbc.org/CAGBC/LEED/Com mercGreenBuild/ProjectFees/CAGBC/Progra ms/LEED/CommercialInstitutional/ProjectFe es.aspx?hkey=85ee4b22-5ee4-4558-a59c0.01% d7d304f58e00) Information obtained from CAGBC website (http://www.cagbc.org/CAGBC/LEED/Com mercGreenBuild/ProjectFees/CAGBC/Progra ms/LEED/CommercialInstitutional/ProjectFe es.aspx?hkey=85ee4b22-5ee4-4558-a59c0.05% d7d304f58e00) When requesting the CaGBC conducts the review, an additional fee of $4500 (plus taxes) is required on top of the certification fee (http://www.cagbc.org/CAGBC/Programs/L EED/CommGreenBuild/ProjectFees/CAGBC/ Programs/LEED/CommercialInstitutional/Pr ojectFees.aspx?hkey=6b99487e-19a0-478b0.02% a408-a6ef66b524f2)

0.28%

0.01% Information obtained from Lecture 11

0.26% Refer to Tarion Breakdown Chart

Information obtained from http://www.tarion.com/Resources/Pages/St atutory-Warranty-and-Related-Tarion0.01% Forms.aspx

6.19%

Information obtained from senior 0.03% commercial account manager at BMO Information obtained from November 21 0.01% lecture Information obtained from City of Ottawa Property Tax Estimator (Based on $2,500,000.00 property value) (http://ottawa.ca/cgibin/tax/tax.pl?year=22&property_type=270 &tr=1&f=8&sw=6&rss=Y&assessment=2500 000&submit=Submit+Query&lang=en#info 0.05% _0) Information obtained from Derrick Howe Prime (3%) + Spread (1.75%) = 4.75% per 5.59% year

Information obtained from Derrick Howe 0.51% 0.5%-1.0% of Financial Loan (paid upfront)

59.65%

0.00%

2.16% 0.04%

Altus Group Construction Cost Guide 2014 (altusgroup.com). Refer to Revenue Unit 45.95% pricing for breakdown.

|

Financing Commitment Fees (of the borrowed amount)

55,493 sq. ft.

$170.00

$157,900.80

FINANCIAL PACKAGE

3%

334 sq. ft.

$13.80

999 existing buildings (334 sq. ft. for TacoLot) Excavation Cost (per cu.yd.) = $3.82 x 10,780 cu.yd. = $41,179.41 Excavation Hauling (per cu.yd.) = $10.40 x 0.66% 10,780 cu.yd. = $112,111.48

7.46%

0.28% Information obtained from Derrick Howe.

Information obtained from Derrick Howe.

3.11% Leasing agreement 1 time payout

Information obtained from http://www.jacquesrobert.com/ourservices/real-estate-services/purchase0.03% transaction/condominium-purchase/

|

Demolition Cost: $13.80/sq. ft. + Excavation Cost (approx. $150,000, refer to notes column) Building Construction Costs: Basic Quality (ranges from $170$185/sq. ft.)

For Commercial/Retail ($/sq. ft.) (ranges from $95-$155 per sq. ft.)

For Common Areas/Lobby/Corridors ($/sq. ft.) $80 per sq. ft.

Underground Parking lot $101.03/sq.ft) Basic Quality Appliances + Install Common Area/Lobby Furniture

$25.65

$10.69

$0.95

$0.09

$0.16

$0.47

$0.10

Notes

Information obtained from realty-voice.com (Based on all units sold) (http://www.realty0.03% voice.com/realtor-fees.html) Information obtained from realestatelawyers.ca using closing costs calculator (based on $28,500,000.00 unit revenue) 0.14% (http://www.realestatelawyers.ca/Quote) Information obtained from Lecture 11 (Nov. 21). (http://www.canadianlawyermag.com/5151 0.05% /The-going-rate.html)

%

JUNCTION

Construction

$32.40

$1,797,819.99

Marketing and Sales TOTAL:

$29,971,668.60

$13.50

2.00%

$3,330,000.00 $749,291.72

$0.12

2.50%

$6,400.00

$0.20

$0.59

$0.13

Saleable Cost Gross Cost per sq. ft. per sq. ft.

$1.20

64 units

$11,200.00

$32,626.00

$7,122.28

Total Expenses

|

$66,600.00

$100.00

Condominium Status Certificate ($100/ certificate one needed for each unit upon completion)

32 hours

2.50%

per units/sq. ft. /percentages / lots /years

BAJA DEVELOPMENTS

Co-Brokerage Fee (2% Commercial Leasing) Co-Brokerage Fee (2.5% of sold units)

$350.00

$32,626.00

Real Estate Lawyer (including selling and leasing)

Closing Costs

$28,489,109.00

Price

|

Land Acquisition Realtor Fees: Seller Agents

Description

Calculations

26 PRO-FORMA

Commissioning (TheAcquisition average commissioning cost is Land $0.55 per square foot.)

Legal Fees

Description

$0.55 $350.00

Price

$58,663.69

$24,084,727.10

OVERALL EXPENSES:

$38,546.75 $2,800.00

Total Expenses

LEED TOTAL:

70,085 sq.ft.

8 hours

per units/sq. ft. /percentages / lots /years

Calculations

$434.01

$1.06

$0.69 $0.05

Notes

Information obtained from http://www.eesolutions.com/solutions/LEED%20Costing% 0.16% 20Documents/NCBC2007.pdf 0.01% Infomation obtained from lecture 11

%

$343.65 100.00%

$0.84

$0.55 $0.04

Saleable Cost Gross Cost per sq. ft. per sq. ft.

PRO-FORMA

| FINANCIAL PACKAGE

| JUNCTION

| BAJA DEVELOPMENTS

| 27

$33,323,268.60

OVERALL REVENUE:

$0.39

$21,600.00

$60.40

$60.01

$540.10

$3,330,000.00

$3,351,600.00

15 stalls

$120.00

$3.29

$182,559.60 $29,971,668.60

$2.88

$160,000.00

CRU Lease TOTAL:

5,550 sq. ft.

$50.00

Condominium TOTAL:

50,711 sq.ft.

$20.54

$1,140,000.00

$2.60

$2.28

$47.82

$0.31

$47.51

$427.65

$16.27

$32.66 $33.33 $15.61 $9.18

As per lecture 4 Sept. 26, 2014 Information obtained from http://www.ratehub.ca/condo-fees

As per lecture 4 Sept. 26, 2014

Saleable cost psf increase due to location/floor level of unit. Information received from Derrick Howe. Refer to Unit Pricing.

10.06%

0.06% As per lecture 4 Sept. 26, 2014

9.99%

89.94%

0.55%

0.48%

3.42%

6.87% 7.01% 3.28% 1.93%

4.15% 2.81% 2.87% 1.42% 1.44% 1.47% 1.50% 1.53% 1.56% 1.59% 1.62% 1.66% 1.69%

|

$0.30

$41.24 $42.09 $19.71 $11.60

$2,288,702.00 $2,335,936.00 $1,093,905.00 $643,542.00

$19.72 $13.36 $13.64 $6.73 $6.86 $7.00 $7.14 $7.28 $7.43 $7.58 $7.72 $7.88 $8.04

7.61% 2.44% 2.48% 4.66% 2.22% 2.34% 2.39% 2.44% 2.49% 2.54% 2.59% 2.64% 2.69%

FINANCIAL PACKAGE

32 lockers

4,294 sq. ft.

4,294 sq. ft.

1,971 sq. ft.

1,137 sq. ft.

$533.00 $544.00 $555.00 $566.00

$24.90 $16.87 $17.22 $8.50 $8.67 $8.84 $9.01 $9.20 $9.39 $9.57 $9.76 $9.96 $10.16

$1,382,024.00 $936,144.00 $955,647.00 $471,591.00 $481,040.00 $490,776.00 $500,214.00 $510,510.00 $520,806.00 $531,102.00 $541,398.00 $552,552.00 $563,706.00

$36.17 $11.58 $11.80 $22.16 $10.56 $11.14 $11.35 $11.59 $11.83 $12.06 $12.30 $12.53 $12.79

1.57%

Notes

|

$5,000.00

2,668 sq. ft.

1,773 sq. ft.

1,773 sq. ft.

859 sq. ft.

859 sq. ft.

858 sq. ft.

858 sq. ft.

858 sq. ft.

858 sq. ft.

858 sq. ft.

858 sq. ft.

858 sq. ft.

858 sq. ft.

$518.00 $528.00 $539.00 $549.00 $560.00 $572.00 $583.00 $595.00 $607.00 $619.00 $631.00 $644.00 $657.00

$45.68 $14.63 $14.91 $27.99 $13.34 $14.07 $14.34 $14.64 $14.93 $15.23 $15.53 $15.83 $16.15

$2,534,733.00 $811,696.00 $827,216.00 $1,553,120.00 $740,370.00 $780,514.00 $795,683.00 $812,231.00 $828,779.00 $845,327.00 $861,875.00 $878,423.00 $896,350.00

$7.47

%

JUNCTION

38 stalls

4,941 sq. ft.

1,552 sq. ft.

1,552 sq. ft.

2,855 sq. ft.

1,334 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

1,379 sq. ft.

$513.00 $523.00 $533.00 $544.00 $555.00 $566.00 $577.00 $589.00 $601.00 $613.00 $625.00 $637.00 $650.00

$9.43

Saleable Cost Gross Cost per per sq. ft. sq. ft.

$523,197.00

Total Revenue

|

$30,000.00

953 sq. ft.

$549.00

per units/sq. ft. /stalls

BAJA DEVELOPMENTS

Commercial Retail Unit (CRU) per sq. ft. lease CRU (8,547 sq. ft.): $50.00/sq. ft. x 12 months Parking Spaces (per month and per stall): $120/month x 12 months

Condominium Units Bachelor Level 6 x 2 units 1 Bedroom Level 2 x 8 units Level 3 x 2 units Level 4 x 2 unit Level 5 x 4 units Level 6 x 2 units Level 7 x 2 units Level 8 x 2 units Level 9 x 2 units Level 10 x 2 units Level 11 x 2 units Level 12 x 2 units Level 13 x 2 units Level 14 x 2 units 2 Bedroom Level 2 x 3 units Level 3 x 2 units Level 4 x 2 units Level 5 x 1 unit Level 6 x 1 unit Level 7 x 1 unit Level 8 x 1 unit Level 9 x 1 unit Level 10 x 1 unit Level 11 x 1 unit Level 12 x 1 unit Level 13 x 1 unit Level 14 x 1 unit 3 Bedroom Level 3 x 4 units Level 4 x 4 units Level 5 x 2 unit Level 6 x 1 unit Parking Spaces (per stalls) 38 (units)/required 32 + 11 (visitor) Lockers (ranges from $4,000 to $5,000) Condo Fees (12 months) ($0.30/saleable sq.ft.)

Description

Calculations Price per sq. ft./Leasable area per sq. ft.

REVENUE

|

Total Gross Area (sq. ft.) = 70,085

Total Saleable Area (including balconies) (sq. ft.) = 55,493 Total Saleable Area (without balconies) (sq. ft.) = 50,711

REVENUE SUMMARY

28 REVENUE SUMMARY

1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 1 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 2 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom 3 Bedroom

210 207 208 209 203 205 202 204 305 306 405 406 505 504 501 502 601 602 702 701 802 801 902 901 1002 1001 1102 1101 1202 1201 1302 1301 1402 1401 211 201 206 308 303 408 403 503 603 703 803 903 1003 1103 1203 1303 1403 304 302 301 307 404 402 401 407 507 506 604

$445,142.33 $255,285.00 $643,542.00 $562.58 $24,084,727.10 $33,323,268.60

$9,238,541.50

Average Unit Price Cheapest Unit Most Expensive Unit Average Price PSF Expenses Revenues

Profit

$6,362,085.00

$523,406.00 $553,254.00 $585,767.00 $626,275.00 $534,208.00 $564,672.00 $597,856.00 $639,200.00 $533,355.00 $560,550.00 $643,542.00

$8,437,510.00

$444,444.00 $461,020.00 $476,560.00 $448,272.00 $487,872.00 $457,611.00 $498,036.00 $471,591.00 $481,040.00 $490,776.00 $500,214.00 $510,510.00 $520,806.00 $531,102.00 $541,398.00 $552,552.00 $563,706.00

$13,166,317.00

$285,228.00 $294,975.00 $297,540.00 $297,540.00 $334,989.00 $341,145.00 $341,658.00 $341,658.00 $400,095.00 $411,601.00 $407,745.00 $419,471.00 $374,816.00 $386,240.00 $395,488.00 $396,576.00 $335,775.00 $404,595.00 $353,184.00 $427,330.00 $360,048.00 $435,635.00 $367,536.00 $444,695.00 $375,024.00 $453,755.00 $382,512.00 $462,815.00 $390,000.00 $471,875.00 $397,488.00 $480,935.00 $405,600.00 $490,750.00

4,782 $28,489,109.00

673

NA 60 129 71 NA 60 129 72 NA NA 152

1,809

120 60 69 142 92 142 92 90 90 114 114 114 114 114 114 114 114

2,300

60 60 60 60 89 139 60 62 312 71 312 72 NA 151 74 86 74 86 17 42 17 42 17 42 17 42 17 42 17 42 17 42 17 42

$523,197.00

$255,285.00 $267,912.00

|

50,711

$533.00 $533.00 $533.00 $533.00 $544.00 $544.00 $544.00 $544.00 $555.00 $555.00 $566.00

$518.00 $518.00 $518.00 $528.00 $528.00 $539.00 $539.00 $549.00 $560.00 $572.00 $583.00 $595.00 $607.00 $619.00 $631.00 $644.00 $657.00

$513.00 $513.00 $513.00 $513.00 $513.00 $513.00 $513.00 $513.00 $523.00 $523.00 $533.00 $533.00 $544.00 $544.00 $544.00 $544.00 $555.00 $555.00 $566.00 $566.00 $577.00 $577.00 $589.00 $589.00 $601.00 $601.00 $613.00 $613.00 $625.00 $625.00 $637.00 $637.00 $650.00 $650.00

0

NA NA

JUNCTION

Total Saleable Area

982 1038 1099 1175 982 1038 1099 1175 961 1010 1137

14,796

858 890 920 849 924 849 924 859 859 858 858 858 858 858 858 858 858

23,266

556 575 580 580 653 665 666 666 765 787 765 787 689 710 727 729 605 729 624 755 624 755 624 755 624 755 624 755 624 755 624 755 624 755

953

$549.00 $549.00

Base Price Balcony Total Price Per Unit (cost per (sq.ft.)

(Basic Quality) sq.ft.)

|

11,696

Total

Total

Total

465 488

Living Area (sq.ft.)

FINANCIAL PACKAGE

Total

3 3 3 3 4 4 4 4 5 5 6

2 2 2 3 3 4 4 5 6 7 8 9 10 11 12 13 14

2 2 2 2 2 2 2 2 3 3 4 4 5 5 5 5 6 6 7 7 8 8 9 9 10 10 11 11 12 12 13 13 14 14

6 6

Floor Level

|

*Note: CRU Units, Parking and Storage Prices included in Revenue Summary Chart

Bachelor Bachelor

Type

605 606

Unit #

UNIT PRICING BAJA DEVELOPMENTS

| 29

30

|

BAJA DEVELOPMENTS

|

JUNCTION

|

FINANCIAL PACKAGE

TARION BREAKDOWN CHART

|

TARION ENROLLMENT BREAKDOWN

Enrolment Fee Calculation Table - Effective July 1, 2012 (Chart obtained from http://www.tarion.com/Warranty-Protection/Pages/Warranty-Fees.aspx)

Sale Price Range (excluding HST) refer to chart above

Total Enrolment Fee Total Tarion (including HST) # of Units Payment refer to chart above

Less than $100,000.00

$435.05

0

$0.00

$100,000.00 - $150,000.00

$485.90

0

$0.00

$150,000.00 - $200,00.00

$565.00

0

$0.00

$200,000.00 - $250,000.00

$644.10

0

$0.00

$250,000.00 - $300,000.00

$723.20

6

$4,339.20

$300,000.00 - $350,000.00

$802.30

5

$4,011.50

$350,000.00 - $400,000.00

$881.40

12

$10,576.80

$400,000.00 - $450,000.00

$960.50

10

$9,605.00

$450,000.00 - $500,000.00

$1,039.60

13

$13,514.80

$500,000.00 - $550,000.00

$1,130.00

8

$9,040.00

$550,000.00 - $600,000.00

$1,186.50

7

$8,305.50

$600,000.00 - $650,000.00

$1,243.00

3

$3,729.00

$650,000.00 - $700,000.00

$1,299.50

0

$0.00

$700,000.00 - $750,000.00

$1,356.00

0

$0.00

$750,000.00 - $800,000.00

$1,412.50

0

$0.00

0

$0.00

$800,000.00 - $850,000.00

1,469.00

$850,000.00 - $900,000.00

$1,525.50

0

$0.00

$900,000.00 - $950,000.00

$1,582.00

0

$0.00

$950,000.00 - $1,000,000.00

$1,638.50

0

$0.00

Over $1,000,000.00

$1,695.00

0

$0.00

Tarion Payment TOTAL:

64

$63,121.80

CASH FLOW PROJECTION

|

FINANCIAL PACKAGE

|

JUNCTION

|

BAJA DEVELOPMENTS

|

31

|

32 ID 1 2

BAJA DEVELOPMENTS

|

JUNCTION

|

FINANCIAL PACKAGE

|

PROJECT TIMELINE

Task Name

Duration

Start

Finish

Junction (1011, 999 Wellington St. West) Initial Pro Forma

327 days

Wed 01/10/14 Thu 31/12/15

0 days

Wed 01/10/14 Wed 01/10/14

01/10 01/10

3

Preliminary Design

0 days

Wed 01/10/14 Wed 01/10/14

4

Site Plan Approval

14 days

Wed 12/11/14 Mon 01/12/14

5

Intermediate Design

0 days

Wed 26/11/14 Wed 26/11/14

6

Project Marketing

282 days

Wed 03/12/14 Thu 31/12/15

7

Unit Presale

0 days

Wed 03/12/14 Wed 03/12/14

8

Final Design

0 days

Wed 31/12/14 Wed 31/12/14

9

Construction Document

40 days

Wed 03/12/14 Tue 27/01/15

10

Building Permit Submission

0 days

Tue 27/01/15 Tue 27/01/15

11

Tender/Procurement

21 days

Mon 02/02/15 Mon 02/03/15

12

Building Permit Approval

0 days

Mon 16/03/15 Mon 16/03/15

13

Construction

115 days

Mon 06/04/15 Fri 11/09/15

5 days

Mon 06/04/15 Fri 10/04/15

14

Project: Junction Date: 27/09/14

Demolition of existing buildings

03 Aug '14 T F

21 Sep '14 09 Nov '14 28 Dec '14 15 Feb '15 S S M T W T F S S

05 Apr '15 M T

24 May '15 12 Jul '15 30 Aug '15 W T F S S M T

26/11

03/12 31/12

27/01

16/03

Task

Inactive Task

Manual Summary Rollup

External Milestone

Split

Inactive Milestone

Manual Summary

Deadline

Milestone

Inactive Summary

Start-only

Progress

Summary

Manual Task

Finish-only

Manual Progress

Project Summary

Duration-only

External Tasks

Page 1

18 Oct '15 W T

06 Dec '15 24 Jan '16 F S S M

PROJECT TIMELINE ID

Task Name

Duration

Start

Finish

15

Excavation

14 days

Mon 13/04/15 Thu 30/04/15

16

20 days

Fri 01/05/15

Thu 28/05/15

17

Foundations and Underground Parking Structural

3 days

Fri 29/05/15

Tue 02/06/15

18

Frame walls

5 days

Wed 03/06/15 Tue 09/06/15

19

Rough in mechanical

2 days

Wed 10/06/15 Thu 11/06/15

20

Wed 10/06/15 Tue 07/07/15

21

Building Envelope (including 20 days roof) Mid-Construction Review 0 days

22

CRU Construction

20 days

Tue 07/07/15 Mon 03/08/15

23

45 days

Tue 07/07/15 Mon 07/09/15

24

Residential Unit Construction (interior partition/finishes) Landscaping

14 days

Tue 07/07/15 Fri 24/07/15

25

Electrical

111 days

Mon 06/04/15 Mon 07/09/15

26

Mechanical

111 days

Mon 06/04/15 Mon 07/09/15

60 days

Wed 10/06/15 Tue 01/09/15

10 days

Wed 10/06/15 Tue 23/06/15

27

Sales Office/Model Suites

28

Project: Junction Date: 27/09/14

Model Suite Construction

03 Aug '14 T F

|

FINANCIAL PACKAGE

21 Sep '14 09 Nov '14 28 Dec '14 15 Feb '15 S S M T W T F S S

05 Apr '15 M T

|

JUNCTION

BAJA DEVELOPMENTS

24 May '15 12 Jul '15 30 Aug '15 W T F S S M T

07/07

Tue 07/07/15 Tue 07/07/15

Task

Inactive Task

Manual Summary Rollup

External Milestone

Split

Inactive Milestone

Manual Summary

Deadline

Milestone

Inactive Summary

Start-only

Progress

Summary

Manual Task

Finish-only

Manual Progress

Project Summary

Duration-only

External Tasks

Page 2

|

18 Oct '15 W T

|

33

06 Dec '15 24 Jan '16 F S S M

|

34 ID

BAJA DEVELOPMENTS

|

JUNCTION

Task Name

|

FINANCIAL PACKAGE

Duration

Start

|

PROJECT TIMELINE

Finish

29

Sales Office Opens

0 days

Tue 30/06/15 Tue 30/06/15

30

Sales Office Closes

0 days

Wed 10/06/15 Wed 10/06/15

31

Substantial Completion Grand Opening

0 days 0 days

Tue 08/09/15 Tue 08/09/15 Mon 02/11/15 Mon 02/11/15

32

Project: Junction Date: 27/09/14

03 Aug '14 T F

21 Sep '14 09 Nov '14 28 Dec '14 15 Feb '15 S S M T W T F S S

05 Apr '15 M T

24 May '15 12 Jul '15 30 Aug '15 W T F S S M T

30/06

18 Oct '15 W T

06 Dec '15 24 Jan '16 F S S M

10/06 08/09 02/11

Task

Inactive Task

Manual Summary Rollup

External Milestone

Split

Inactive Milestone

Manual Summary

Deadline

Milestone

Inactive Summary

Start-only

Progress

Summary

Manual Task

Finish-only

Manual Progress

Project Summary

Duration-only

External Tasks

Page 3

GO / NO-GO CRITERIA

|

FINANCIAL PACKAGE

Go/No Go Criteria         

The proposed project meets residential space demand of community.

Design meets neighbourhood development requirements.

Approximately $10M profit is attainable, close to 42% return.

85% of residential units must be sold in order to make 20% ($5M) profit.

A total of $20,500,000.00 is required from investors and loans for proposed project.

The location is desirable and highly profitable.

Land acquisition costs may vary.

Professional fees are approximate and may vary.

Ontario Municipal Board may be avoided if community approves of design.

Project is a Go

|

JUNCTION

|

BAJA DEVELOPMENTS

|

35

36

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BAJA DEVELOPMENTS

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JUNCTION

|

|

APPENDIX A

FINANCING SUMMARY

FINANCING SUMMARY NAME

TYPE

AMOUNT

% OF TOTAL

INTEREST PAYMENTS

INTEREST PAID

BAJA Developments

Company Equity

$5,000,000.00

20%

--

--

CIBC

Bank

$2,500,000.00

10% 4.75% for 3 yrs.

$236,605.00

TD Canada Trust

Bank

$6,500,000.00

25% 4.75% for 3 yrs.

$615,173.61

Private Lender

$8,000,000.00

31%

2% for 3 yrs.

$493,467.00

Private Lender

$3,500,000.00

14%

--

$0.00

TOTAL $25,500,000.00 TOTAL EXPENSES: $24,084,727.10 FINANCING PACKAGE CIBC @ 4.75% for 3 years

$2,500,000.00

TD Canada Trust @ 4.75% for 3 years Private Lender @ 2% for 3 years

$6,500,000.00 $8,000,000.00

TOTAL FINANCING $17,000,000.00 SOURCE OF EQUITY Private Investor BAJA Developments

TOTAL EQUITY INVESTMENT

$3,500,000.00 $5,000,000.00

$8,500,000.00

$1,345,245.61

LOAN AMORTIZATION

LOAN AMORTIZATION

|

APPENDIX A

|

JUNCTION

|

BAJA DEVELOPMENTS

|

37

38

|

BAJA DEVELOPMENTS

|

JUNCTION

|

APPENDIX B

|

THE ARNO

REST

BATHE SLEEP

LIVE

INDOOR

858 sq.ft.

OUTDOOR

114 sq.ft.

TOTAL

972 sq. ft.

PRICE $490,776 TO $563,706

COOK ARRIVE

SLEEP

FLOOR 7-14

DINE

1:50

THE KYLLE

|

APPENDIX B

|

JUNCTION

|

BAJA DEVELOPMENTS

BATHE SLEEP

COOK

INDOOR

755 sq.ft.

OUTDOOR

42 sq.ft.

TOTAL

797 sq. ft.

PRICE $427,330 $490,750

DINE

REST

FLOOR 7-14

ARRIVE

LIVE BATHE 1:50

|

39

40

|

BAJA DEVELOPMENTS

Finish Schedule Tier 1 Finishes

Kitchen

Living Bath Laundry Installation

|

JUNCTION

Appliances/Finish

|

APPENDIX B

|

FINISH SCHEDULE - TIER 1

Product

Fridge Stove Cabinets Counter Dishwasher Flooring (PSF) Flooring (PSF) Toilet Flooring (PSF) Washer Dryer Flooring (PSF)

Whirlpool 16cu.ft. Top Freezer Whirlpool 30in Electric Range American Classics Formica Laminate Whirlpool Tall Tub Built In Kaindl One 8mm Laminate Kaindl One 8mm Laminate KOHLER Naturi Ceramic Tile Whirlpool Top Load Washer 4.2 cu.ft.

Whirlpool Side Load Dryer 7.0 cu.ft.

Naturi Ceramic Tile

Flooring Install

Home Depot Flooring Installation

Appliance Install

Average Cost of Installation per appliance in Ontario TOTAL

Cost $700.00 $1,100.00 70/ft 25/sqft $500.00 $0.80 $0.80 $210.00 $1.00 $550.00 $450.00 $1.00

Notes

(homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.com) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) Information obtained from hgtv.ca (http://www.hgtv.ca/renosdiy/article/ $2.00 common-renovating-costs-flooring/) Information obtained from homeadvisor.com (http://www.homeadvisor.com/cost/ $300.00 kitchens/install-an-appliance/)

$8,610.00

FINISH SCHEDULE TIER 2

Tier 2 Finishes

Kitchen Fridge Stove Cabinets Counter Dishwasher Flooring (PSF) Living Flooring (PSF) Bath Toilet Flooring (PSF) Laundry Washer Dryer Flooring (PSF) Installation Flooring Install Appliance Install

Whirlpool 22cu.ft. French Door with Bottom Free Whirlpool 30in Electric Range American Classics Silestone Quartz Whirlpool Tall Tub Built In Stylecast Leather Maple Laminate Stylecast Leather Maple Laminate KOHLER DALTILE Ceramic Tile Whirlpool Front Load Washer 4.8cu.ft.

Whirlpool Front Load Electric Dryer 7.4cu.ft.

DALTILE Ceramic Tile Home Depot Flooring Installation Average Cost of Installation per appliance in Ontario TOTAL

$1,300.00 $1,600.00 70/ft 50/sqft $650.00 $2.25 $2.25 $330.00 $3.00 $750.00 $750.00 $3.00 $2.00 $300.00 $11,855.00

(homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.com) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca)

|

APPENDIX B

|

JUNCTION

|

BAJA DEVELOPMENTS

|

39

42

|

BAJA DEVELOPMENTS

Tier 3 Finishes

|

JUNCTION

|

APPENDIX B

|

FINISH SCHEDULE - TIER 3

Kitchen Fridge Stove Cabinets Counter Dishwasher Flooring (PSF) Living Flooring (PSF) Bath Toilet Flooring (PSF) Laundry Washer Dryer Flooring (PSF) Installation Flooring Install Appliance Install

Whirlpool 20cu.ft. French Door with Bottom Free Whirlpool Double Oven Electric Range American Classics Geos Recycled Glass Surface Whirlpool Tall Tub Built In Titan Birch Pacific Hardwood Titan Birch Pacific Hardwood KOHLER Anatolia Honed Seagrass Limestone Whirlpool Front Load Steam Washer 4.7cu.ft.

Whirlpool Front Load Electric Dryer 7.4cu.ft.

Anatolia Honed Seagrass Limestone Home Depot Flooring Installation Average Cost of Installation per appliance in Ontario TOTAL

$2,700.00 $2,200.00 70/ft 70/sqft $800.00 $5.00 $5.00 $500.00 $12.00 $1,250.00 $1,200.00 $12.00 $2.00 $300.00 $17,450.00

(homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.com) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca) (homedepot.ca)

LEED v4 for BD+C: New Construction and Major Renovation Project Checklist Y

?

Project Name: LEED CHECKLIST Date:

Credit

Integrative Process

12 17 3 Location and Transportation

|

JUNCTION

|

BAJA DEVELOPMENTS

1 16

7

4

2 Materials and Resources

Credit

LEED for Neighborhood Development Location

1

Credit

Sensitive Land Protection

1

2

Credit

High Priority Site

2

5

Credit

Surrounding Density and Diverse Uses

5

2

Credit

5

Credit

Access to Quality Transit

5

2

Credit

1

Credit

Bicycle Facilities

1

1

Credit

Reduced Parking Footprint

1

Credit

Green Vehicles

1

16

1

2

APPENDIX C

N

1

7

|

1 Sustainable Sites

16

10

13

Prereq

Storage and Collection of Recyclables

Required

Y

Prereq

Construction and Demolition Waste Management Planning

Required

5

Credit

Building Life-Cycle Impact Reduction Building Product Disclosure and Optimization - Environmental Product Declarations Building Product Disclosure and Optimization - Sourcing of Raw Materials

5

Building Product Disclosure and Optimization - Material Ingredients Construction and Demolition Waste Management

2

Y

2 2

6 Y

Credit Credit

10

0 Indoor Environmental Quality

2 2 2

16

Prereq

Minimum Indoor Air Quality Performance

Required

Prereq

Environmental Tobacco Smoke Control

Required 2

Y

Prereq

Construction Activity Pollution Prevention

1

Credit

Site Assessment

1

2

Credit

Enhanced Indoor Air Quality Strategies

Credit

Site Development - Protect or Restore Habitat

2

3

Credit

Low-Emitting Materials

3

Credit

Open Space

1

1

Credit

1

3

Credit

Rainwater Management

3

2

Credit

Construction Indoor Air Quality Management Plan Indoor Air Quality Assessment

2

Credit

Heat Island Reduction

2

1

Credit

Thermal Comfort

1

1

Credit

Light Pollution Reduction

1

2

Credit

Interior Lighting

2

3

Credit

Daylight

3

1

Credit

Quality Views

1

1

Credit

Acoustic Performance

1

2 1

8

0

3 Water Efficiency

Required

11

Prereq

Outdoor Water Use Reduction

Y

Prereq

Indoor Water Use Reduction

Required

Y

Prereq

Required

2

Credit

Building-Level Water Metering Outdoor Water Use Reduction

6

Credit

Indoor Water Use Reduction

6

2

Credit

Cooling Tower Water Use

2

1

Credit

Water Metering

1

Y

21 6

6 Energy and Atmosphere

Y

Required

2

33

1

5 5

1

0

0

0 Innovation Credit

Innovation

Credit

LEED Accredited Professional

4

Regional Priority: Specific Credit Regional Priority: Specific Credit

1

Regional Priority: Specific Credit

1

Regional Priority: Specific Credit

1

Required

Y

Prereq

Minimum Energy Performance

Required

Credit

Y

Prereq

Building-Level Energy Metering

Required

Y

Prereq

Fundamental Refrigerant Management

Required

Credit

Enhanced Commissioning

6

Credit

Optimize Energy Performance

18

1

Credit

Advanced Energy Metering

1

2

Credit

Demand Response

2

Credit

Renewable Energy Production

3

1

Credit

Enhanced Refrigerant Management

1

2

Credit

Green Power and Carbon Offsets

2

3

1

Credit Credit

18

5

Credit

Fundamental Commissioning and Verification

6

6

0 Regional Priority

Prereq

Y

2

62 45 15 TOTALS

1

Possible Points:

Certified: 40 to 49 points, Silver: 50 to 59 points, Gold: 60 to 79 points, Platinum: 80 to 110

110

|

43

44

|

BAJA DEVELOPMENTS

|

JUNCTION

|

APPENDIX C

|

TRIPLE BOTTOM LINE

Economic – For Developer:

Condo sales and CRU leasing provide substantial profits

Sustainable building features result in advertisement of desirable units

Greater amount of smaller units appeal to larger spectrum of clients

Efficient construction and waste reduction offer financial savings

For Clients/Residents:

Efficient design and green building features offer reduction in costs

For Community: Construction and maintenance provide local jobs Offers local community with potential housing Provides new commercial space for development of Traditional Mainstreet

Environmental – Construction:

Reduction of carbon emissions and construction waste

Efficient construction timeline

Sustainable material finishes

Transportation:

Site is within 600m of O-Train

Site is within close proximity to other major bus routes

Parking sold separately on first-come-first-served basis to encourage alternative transportation

Bike storage available

Indoor Sustainable Features:

Water use reduction through efficient appliances

Energy optimization through efficient appliances

Energy efficient lighting with efficient lighting layout

Social – Building Design:

Mixed residential units provide variety of client interaction

Efficient building and unit design allows for variety of client use

Community:

CRU space could be used as a neighborhood hub

Proposed building would further develop the Traditional Mainstreet

Lifestyle Quality:

Improved indoor air quality for residents

LAND TITLE - 999

|

APPENDIX D

|

JUNCTION

|

BAJA DEVELOPMENTS

|

45

46

|

BAJA DEVELOPMENTS

|

JUNCTION

|

APPENDIX D

|

LAND TITLE - 1011 PARCEL REGISTER (ABBREVIATED) FOR PROPERTY IDENTIFIER

LAND

PAGE 1 OF 1

REGISTRY OFFICE #4

PREPARED FOR KELLEY MURCHISON ON 2014/10/16 AT 13:40:15

04095−0179 (LT)

* CERTIFIED IN ACCORDANCE WITH THE LAND TITLES ACT * SUBJECT TO RESERVATIONS IN CROWN GRANT * PROPERTY DESCRIPTION:

LT 18, PL 57 ; OTTAWA/NEPEAN

PROPERTY REMARKS: ESTATE/QUALIFIER: FEE SIMPLE LT CONVERSION QUALIFIED

RECENTLY: FIRST CONVERSION FROM BOOK 82

OWNERS’ NAMES SAIKALEY, PHILIP SAIKALEY, NAJAT

CAPACITY JTEN JTEN

REG. NUM.

DATE

INSTRUMENT TYPE

PIN CREATION DATE: 1996/06/24

SHARE

AMOUNT

PARTIES FROM

CERT/ CHKD

PARTIES TO

**EFFECTIVE 2000/07/29 THE NOTATION OF THE "BLOCK IMPLEMENTATION DATE" OF 1996/06/24 ON THIS PIN** **WAS REPLACED WITH THE "PIN CREATION DATE " OF 1996/06/24** ** PRINTOUT INCLUDES ALL DOCUMENT TYPES AND DELETED INSTRUMENTS SINCE: 1996/06/21 ** **SUBJECT, ON FIRST REGISTRATION UNDER THE LAND TITLES ACT, TO: **

SUBSECTION 44(1) OF THE LAND TITLES ACT, EXCEPT PARAGRAPH 11, PARAGRAPH 14, PROVINCIAL SUCCESSION DUTIES

**

AND ESCHEATS OR FORFEITURE TO THE CROWN.

**

THE RIGHTS OF ANY PERSON WHO WOULD, BUT FOR THE LAND TITLES ACT, BE ENTITLED TO THE LAND OR ANY PART OF

**

IT THROUGH LENGTH OF ADVERSE POSSESSION, PRESCRIPTION, MISDESCRIPTION OR BOUNDARIES SETTLED BY

**

CONVENTION.

**

ANY LEASE TO WHICH THE SUBSECTION 70(2) OF THE REGISTRY ACT APPLIES.

*

**DATE OF CONVERSION TO LAND TITLES: 1996/06/24 ** NS107257

1980/12/31

TRANSFER

*** COMPLETELY DELETED *** PALERMO BAKERY LTD.

N457001

1988/09/19

CHARGE

*** COMPLETELY DELETED *** CAISSE POPULAIRE CHAMPLAIN D’OTTAWA LTEE.

LT1348052

2000/12/14

APL (GENERAL)

LT1349393

2000/12/18

TRANSFER

LT1358180

2001/01/31

DISCH OF CHARGE

PALERMO BAKERY LIMITED $210,000 MASTROMATTEI HOLDINGS LIMITED

MASTROMETTEI HOLDINGS LIMITED

C

SAIKALEY, PHILIP SAIKALEY, NAJAT

C

*** COMPLETELY DELETED *** CAISSE POPULAIRE CHAMPLAIN D’OTTAWA LTEE.

REMARKS: RE: N457001 NOTE: ADJOINING PROPERTIES SHOULD BE INVESTIGATED TO ASCERTAIN DESCRIPTIVE INCONSISTENCIES, IF ANY, WITH DESCRIPTION REPRESENTED FOR THIS PROPERTY. NOTE: ENSURE THAT YOUR PRINTOUT STATES THE TOTAL NUMBER OF PAGES AND THAT YOU HAVE PICKED THEM ALL UP.

WORK DISTRIBUTION

|

APPENDIX E

Development Brief

Adam Poole

Site Plan

Adam Poole

Planning Rationale

Adam Poole

Design Package

Brandon Lind

Development Financial Summary

Andrew Peacock, Jaimi-Yra Bendo

Pro-forma: Pre-development

Jaimi-Yra Bendo

Title Search

Andrew Peacock

Design + Planning

Brandon Lind, Adam Poole

Project Marketing

Construction

Andrew Peacock, Jaimi-Yra Bendo Jaimi-Yra Bendo, Adam Poole

Financing

Andrew Peacock

Tarion

Brandon Lind

LEED

Andrew Peacock

Revenue Summary

Jaimi-Yra Bendo

Cash Flow Projections

Andrew Peacock

Project Timeline

Jaimi-Yra Bendo

Go/No Go

Andrew Peacock

Unit Pricing

Andrew Peacock

Building Design

Brandon Lind

Marketing Drawings

Brandon Lind

Finish Schedule

Brandon Lind, Adam Poole

|

JUNCTION

|

BAJA DEVELOPMENTS

|

47

% Equity Net/Total Revenues Expenses Profit Profit per Door Equity Required Cash on Cash Return Bank Loan % LTC (Debt)

STUDENT: Adam Poole

% Equity Net/Total Revenues Expenses Profit Profit per Door Equity Required Cash on Cash Return Bank Loan % LTC (Debt)

22% $33,323,268.60 $24,084,727.10 $9,238,541.50 $144,352.21 $5,500,000.00 38.36% $10,100,000.00 78%

25% $33,323,268.60 $24,084,727.10 $9,238,541.50 $144,352.21 $6,350,000.00 38.36% $10,100,000.00 75%

$3,500,000.00 $7,500,000.00

$2,500,000.00 $7,600,000.00 $4,900,000.00

$5,000,000.00 $5,500,000.00

TOTAL EQUITY INVESTMENT $10,500,000.00

Private Investor BAJA Developments

SOURCE OF EQUITY

TOTAL FINANCING $15,000,000.00

CIBC @ 4.75% for 3 years TD Canada Trust @ 4.75% for 3 years Private Lender @ 2% for 3 years

FINANCING PACKAGE

$5,500,000.00 $2,500,000.00 $7,600,000.00 $4,900,000.00 $5,000,000.00

AMOUNT

$9,850,000.00

$3,500,000.00 $6,350,000.00

TOTAL $25,500,000.00

BAJA Developments Company Equity CIBC Bank TD Canada Trust Bank Private Lender Private Lender

TYPE

TOTAL EQUITY INVESTMENT

Private Investor BAJA Developments

SOURCE OF EQUITY

NAME

$2,500,000.00 $7,600,000.00 $5,000,000.00

TOTAL FINANCING $15,100,000.00

CIBC @ 4.75% for 3 years TD Canada Trust @ 4.75% for 3 years Private Lender @ 2% for 3 years

FINANCING PACKAGE

$6,350,000.00 $2,500,000.00 $7,600,000.00 $5,000,000.00 $3,500,000.00

AMOUNT

TOTAL $24,950,000.00

TYPE BAJA Developments Company Equity CIBC Bank TD Canada Trust Bank Private Lender Private Lender

NAME

TOTAL EQUITY INVESTMENT $11,000,000.00

Private Investor BAJA Developments

SOURCE OF EQUITY

TOTAL FINANCING $14,000,000.00

$2,500,000.00 $6,500,000.00 $5,000,000.00

|

CIBC @ 4.75% for 3 years TD Canada Trust @ 4.75% for 3 years Private Lender @ 2% for 3 years

APPENDIX F

FINANCING PACKAGE

$7,500,000.00 $2,500,000.00 $6,500,000.00 $5,000,000.00 $3,500,000.00

AMOUNT

TOTAL $25,000,000.00

TYPE BAJA Developments Company Equity CIBC Bank TD Canada Trust Bank Private Lender Private Lender

NAME

|

STUDENT: Jaimi-Yra Bendo

$3,500,000.00 $7,000,000.00

TOTAL EQUITY INVESTMENT $10,500,000.00

SOURCE OF EQUITY Private Investor BAJA Developments

JUNCTION

30% $33,323,268.60 $24,084,727.10 $9,238,541.50 $144,352.21 $7,500,000.00 38.36% $9,000,000.00 70%

$2,500,000.00 $6,500,000.00 $6,000,000.00

TOTAL FINANCING $15,000,000.00

CIBC @ 4.75% for 3 years TD Canada Trust @ 4.75% for 3 years Private Lender @ 2% for 3 years

FINANCING PACKAGE

$7,000,000.00 $2,500,000.00 $6,500,000.00 $6,000,000.00 $3,500,000.00

TOTAL $25,500,000.00

BAJA Developments Company Equity CIBC Bank TD Canada Trust Bank Private Lender Private Lender

AMOUNT

|

% Equity Net/Total Revenues Expenses Profit Profit per Door Equity Required Cash on Cash Return Bank Loan % LTC (Debt)

27% $33,323,268.60 $24,084,727.10 $9,238,541.50 $144,352.21 $7,000,000.00 38.36% $9,000,000.00 73%

TYPE

BAJA DEVELOPMENTS

STUDENT: Andrew Peacock

% Equity Net/Total Revenues Expenses Profit Profit per Door Equity Required Cash on Cash Return Bank Loan % LTC (Debt)

NAME

|

STUDENT: Brandon Lind

ALTERNATE FINANCING STRUCTURE

48 ALTERNATE FINANCING STRUCTURE

|

JUNCTION

|

BAJA DEVELOPMENTS

|

49