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Unformatted text preview: - 2nd Mortgage 10 - Participation Payments 11 - Cost Remvery - lmprovements 12 - Cost Recovery- Personal Property 13 - Amortization of Loan Fees/Costs 14 - Leasing Commissions 15 = Real Estate Taxable lncome 16 Tax Liability (Savings) al o/o 1 7 1 8 1 9 20 21 22 23 24 NET OPEMTING INCOME (Line 7)- A n n u a l D e b t S e r v i c e- Participation Payments- Leasing Commissions- Funded Reserves = CASH FLOW BEFORE TAXES- Tax Liability (Savings) (Line 16) = CASH FLOW AFTER TAXES Cash Flow Copyright @ 2008 by the CGIM Institute The statements and figures herein, while not guaranteed, are secured from sources we believe authoritative,...
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This note was uploaded on 04/25/2010 for the course FIN 497 taught by Professor Clements during the Spring '10 term at University of Missouri-Kansas City .
- Spring '10