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NDC Covenant Village in Belle Glade - 144 Units

Schedule E: Taxable Income

Annual

  Total 1987 1988 1989 1990 1991 1992 1993 1994 1995 1996 1997 1998
Net Avail.for Debt Svc. 5,536,010 169847 367838 397390 417259 438122 460028 483030 507181 532540 559167 587126 616482
Ground Rent                          
Participation                          
1st Mortgage Interest -528781 -21375 -255092 -252314                  
2cd Mortgage Interest -136125 -1125 -13500 -13500 -13500 -13500 -13500 -13500 -13500 -13500 -13500 -13500  
3rd Mortgage Interest -2171843       -255312 -252556 -249527 -246197 -242537 -238513 -234090 -229228 -223884
Credit Enhancement                          
Debt Service Acctg.Adj.                          
Schedule #Dep.3850234 1 27.5 yrs -1610098 -70004 -140009 -140009 -140009 -140009 -140009 -140009 -140009 -140009 -140009 -140009 -140009
Schedule #Dep. 449120 1 5 yrs -449120 -44912 -89824 -89824 -89824 -89824 -44912            
Schedule #Dep. 229500 1 2.083333333yrs -229500 -55080 -110160 -64260                  
Schedule #Dep. 0 1 2.083333333yrs -311772 -2592 -10798 -20316 -25046 -26497 -27822 -29213 -30673 -32207 -33817 -35508 -37284
Total 98772 -25242 -251544 -182833 -106431 -84263 -15741 54112 80463 108312 137751 168881 215306


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