The 176-unit residential community operates with a projected Year 1 income distribution of 4.4% and an average income of 4.78% across the full term. Trust administration and accounting expenses are budgeted at $27,500.
Ongoing fee rates
Asset Mgmt Fee (annual)
$0
Disposition Fee
Fully
Subordinated Disposition Fee
Refinancing Fee
A
of fee equal to 1.00% of the principal amount of the new loan, plus reimbursement of any out-of-pocket expenses incurred in connection with the refinancing
Trust Administration
DST
Admin, Accounting & Investor Services $27,500
Strengths
- 4.4% Year 1 yield increasing to 4.78% full-term average
- Modest $27,500 trust administration budget
Concerns
- Property-level historical operating history not disclosed due to 2024 construction
- Yield distribution dependent on interest-only loan period