Master tenant income is projected at $8,305,226 with debt service coverage projected between 1.8x and 2.1x over the hold period. Investor distributions average 3.64% over the full 10-year projection.
Ongoing fee rates
Refinancing Fee1.00%
Asset Mgmt Fee (annual)
$528,500
Master Tenant Income
$8,305,226
Disposition Fee
Two
of and ninety-five one hundredths percent (2.95%) of the gross proceeds
Refinancing Fee
1.00%
CM Fee
Up
of to five percent (5%) of the cost of the Capital Expenses
Trust Administration
Annual
of fee for providing Trust administration, accounting and investor services in the amount of up to $50,000 per annum
Strengths
- Master tenant income projected at $8,305,226
- DSCR remains at or above 1.8x across all projected years
Concerns
- Master lease subordination structure
- Modest distribution growth over the holding period