HomeMy WebLinkAboutItem #08 - Discussion ItemUAtSL.t HUU5I G PROJECT, City Of Miami's Target Areas
LIST OF PROPO§ED HOME SITES
The following list
Is part of the purchase; proposal for scattered
sites submitted to the City of
Miami for their review. These sites were
taken from the City of Miami Land Acquisition
Scattered Site
Program list..
PARCEL
LOT
DATE
NUMBER .
ADDRESS
SIZE
CITY ACQUIRED
MODEL CITY
02-58
821 N.W.50th. Street
40' x 135'
08/15/92
02-62
1532 N.W.41st. Street
50' x 100'
08/24J93
ALLAPATTAH
03-12
3453 N.W. 11th. Court
75' x 139' _
12/23/93
03-14 , -
790 N.W. 29th. Terr.
50' x 135'
05/15/89
03-21
3255 N.W. 11th. Court
45' x 124'
03/16/89
03-22
3245 N.W. 11th. Court
45' x 124'
03/16/89
03-24
788 N.W. 35th. Street
50' x 139'
03-08-90
03-25
2374 N.W. 33rd. Street
40' x 138'
06/26/90
MODEL CITY
22-01
1275 N.W. 58th. Street
50' x 106'
07/08/88
22-11
1336 N.W. 60th. Street
50' x 106'
01/20/89
02-60
1560 N.W. 51st. Street
50' x 112'
11/12/92
COCONUT
GROVE
05-06
3664 Oak Avenue
50' x 100'
05-12
3425 Fran Avenue
100' x 100'
05-14
3461 Elizabeth Street
75' x 124'
05-17
3648 Oak Avenue
50' x 100'
05-18
3152 Plaza Street
60' x 110'
EDISON/
LITTLE RIVER
07-07 1
321. N.W. 49th. Street
50' x 144'
07-13
255 N.W.'S1st. Street
50' x 144'
270 N.W.41st. Street
50' x 144'
07-34
413 N.W. 51st: Street
50' x 144'
03/30/90
02/16/95
03/13/95
09/09/95
e
9 r 7 . i'1
ADDITIONAL LIST OF CITY OWNED PROPOSED MOMESITES
The following list is attached as part of this project for the future
purchase of parcels
NET FOLIO
ADDRESS
LOT
NUIwE911t
,1-3218-046-0010
990 N. E.,.71 st. Street
9 00' x 62.8'
1 3218 046-0020
, . 994 IE., 71 st. Street
108.4' x 67.8'
,. 1 3218 024-0840
520 NE: 63rd, Street '
50' x 120'
a2;;3124-013-3590
413 N.W. 51st. Street
x>144'
2-3124-002-0061
270 N.W. 41 st. Street
50'. x 120' . .
2-3113-058-0310
6317 N.W. 1st. Place
50'x 94'
2-3113-058-0140
6320 N.W.:1st. Court
50' x 94'
24113-023-0680
6060 NVAth. Avenue:
150'>x'126'
3-3123-027-0070
946 N.W. 45th. Street
160x,10T
3-3123-014-0281
1560 N.W., 51 st. Streef..
�50' ' 112'
3.3123-010=0070
1171 N.W.` 51 it. Terrace
60' x 140'
3-3123-006-0880
821 N.W. 50th. Street
40' x 135'
3122-052-2312
: 1755'N.W. 55th. Terrace
50' x 106'
3-3122-052-2311
1761 N.W. 55th. Terrace. _
50' x 106'.. ;
3-3122-035-0340 `
1743 N.W. 41st. Street
80' x 112'
3-3122-014-0340
1761 N.W. 47th. Street
66' x.109'
"3-3114-043-1460
1301 N.W. 58th. Street
56' x 134'
5-3134-013-0290
1796 N.W. 18th. Terrace
50' x 139'
11-4115-021-0500
1876 N.W. S. Bayshore Lane
57' x 191'
12-4121-002-1301
3152 Plaza Street
60' x 110'
5
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///�6 .13
COST ANALYSIS- At, RDABLE HOMES IN N.W. r`AMI
( 6sed on ,60 homes per year
GRI FACTS
A: Mocel "A" -12 units each x 3 br / 1 bth (1215 s.f.)
1. Lahti cost per Unit at $3,350 x 12 units = $40,200
2. Constr. cost per unit at $49,708 x 12 units = $596,496
'
I.Soft costs per.unit at $5,004 x 12 units= $60,048
4 .Sales price per 'unit at $66,990 x 12 units = $803,880
B Model "B" 18 units each at 3 br/2 bths (1,215 s.f. )
1'. Land cost per, unit at $3,500 x 18 units = $63,000
,. 2. Constr. cost per, unit at $51,150 x 18 units = $920,700
}
3: So b6sts per unit at $5,205 x, 18 units = $93,690
4: Sales price per unit at $69 990 x 18 units = $11259,820
k.C. Model "C" -18 units each at 4 br / 2 bths (1,474 s.f. ),
e
.. Land cost per unit at $4,000 x 18 units = $72,000
2. Constr. cost per unit at $57,287. x 18 units = $1,031,166
3. Soft costs per unit at $5,909 x 18 units = $106,362
4. Sales price per unit at $79,990 x 18 units = $1,439,820
D. Model "D"'- 12 units each at 3 br / 2 bths = family room (1,538 s.f. )
1. Land cost per unit at $4,150 x 12 units = $49,800
2. Constr. cost per unit at$59,537 x 12 units = $714,444
3: Soft costs per unit at$6,135 x 12 units = $73,620
4. Sales price per unit at $82,990 x 12 units = $995,880
SUMMARY OF COSTS ARID PROFITS PER YEAR
A. TOTAL LAND COSTS FOR MODELS "A" THRU "D"
$225,000
B. TOTAL CONSTR. COSTS FOR MODELS "A" THRU "D"
$3,262,806
C. TOTAL SOFT COSTS FOR MODELS "A" THRU "D"
$333,720
TOTAL COSTS:
$3,821526
D: TOTAL SALES FOR MODELS "N' THRU "D' '
$4,499,400
E.�GROSS PROFITS PER YEAR BEFORE TAXES
$677,874
15%ro
7
10000
16
�
.-,HOMES FOR N.W. MIAMI
)jedted per;year` )
111. bth
/ 2 'bths
- / 2 bths
-`r'/ 2 bths:plus Garage
MO.1 Mo.2 MO.3
MO.4
MO.5
MO.6
MO.7
MO.8
MO.0
MO.10
MO.11
MO.12
M0.13
TO_i
3
3
3
3
. 1,500
10,060
10,050
10,050
8,550
49,708 49,708 49.708
49,708
49,708
49,708
` 49,708
49,708
49,708
49,706
49,708
49,708
15,012
15,012
15,012
15,012
4
g
4
g
2,000
14,500
17,000
14,500
15,000
68,200 68,200 68.200
85.250
85,250
85,250
66,200
68,200
68,200
85,250
85,250
85,250
20,820
28,025
20,820
28,025
4
5
4
g
2,000
16,500
19,500
16,500
17,500
76,382 76.382 76,384
95,478
95,478
95,479
76,382
76,382
76,384
95,478
95,478
95,479
1
23,636
29,545
23,636
29,545
3
3
3
3
1,500
12,450
12,450
12,450
10,950
59,537 59.537 59,537
59,537
59,537
59,537
59,537
59,537
59,537
59,537
59.537
59,537
18,405
18,405
18,405
18,405
280,827 253,827 253,829
421,346
289,973
289,974
401,814
253,827
253,829
421,346
289,973
289,974
140,987
3,;
260,827 514,654 768,483
1,189,829
1,479,802
1,789,776
2,171.590
2,425,417
2,679,246
3,100,592
3,390,565
3,680,539
3,821,526
200,970
200,970
200,970
200,970
279,960
349,950
279,960
349,950
1,=
319,980
399,950
319,960
399,950
1,,
248,970
248,970
248,970
248,970
1,049,860
1,199,840
-1.049,860
111991840
4,-
260,827 514,654 768,483
139,969
429,942
719,916
78,110
175,717
429,546
198,968
91,005
380,979
077,874
-
8
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IMM
COST ES`I~IMATES. PALME`ITO HOMES
MODEL:''A" - 3 BR / 1 BTH (1,200 S.F.) N.W. MIAMI, FLORIDA
01 SITE CLEARING AND BACKFILLING
-1,450
a .Equip. Rental
b Trash Hauling.
c: Backfilling to 12" depth
02,, SURVEYING
400
a..Stake-out
b: Elevation Certificate
c Finish Slab.
d, Final Survey
,3; FOUNDATIONS AND MONOLITHIC SLABS.:::,,.
2,490
a Formwork: Lumber and Rough Ca eft Nail
9 rp ry,
b l Com action at 95 /o s
P o
c. Steel Reiff. and Misc Reinf.
d:'Concrete at 2.500 psi
14. ROUGH CARPENTRY LABOR
6,600
)5..06NCRETE',MASONRY STRUCTURE
1,800
a. Labor and Materials ;
b. Masons Sand
c. HorizontalReinforcement
)6. TIE BEAMS AND TIE COLS (FILLED CELLS)
1,220
a. Formworki Lumber and Rough Carp. Nails
b. Steel Reiff. and Misc. Reinf.
c. Scaffold Rental
d. Concrete. - Pump Mix
e Filled Cells.
f. Anchoring bevices
17: WOOD':ROOF TRUSSES
2,400
4ROOF 8RAGING AND PLYWOOD SHEATHING
975
a. '2x4 Lumber and cdx plywood sheathing`°
Rough Carp. Nails
9 1 X 8 WOOD FASCI
200
0 ROUGH LUMBER (INTERIOR)
300
a. 2x4 pt Lumber
b: 2x4;headers
c.1 x4 p.t. beveled
d: 1x2 pt. furring
1. METAL STUDS INCLUDING LABOR
1,020
2..GYPSUM WALLBOARD AND INSULATION
2,650
3. ROOF COVER ( SHINGLES OVER 30# FELT)4.
1,900
4: DOORS.
_ 1 140
a: Exterior'(2)
b. Interior (4) ,
c. ,Bifolcs (8)
5 WINDOWS AND SHUTTERS
L
1010 •
�
�14tvt,fsIty
1�. FLOOR COVERING
1,518
a. No slip file In bathroom.floors
in Kitchen and A/C Closet
c:' Carpeting at $10 sly
d, Base ( wood and C.T. in baths only)
171lVINDOW SILLS AND THRESHOLDS
160
a.Marble sills
b Marble saddles inbathrm. (1)
c Meta! thresholds Wont and side doors
16, FI(411SH CARPENTRY LABOR
500
19. KI CHEN CABINETS AND VANITIES
1,600
20:, ELECTRICAL SUBCONTRACTOR (LABOR AND MTRLS.)
2,630
a:. Electrical Sub.
b: Electrical Fixtures
21 PLUMBING.INCLUDINGFIXTURES
2,250
22. IMPACT FEES
1,300
2,650
24. CLOSET SHELVING, MED. CABS AND MIRRORS
200
25. STUCCO (Min 5/8")
1,700
26. PAINTING -: Exterior and Interiorincl labor,and materials
1,500
27. EXTERIOR.TRIMS
25
28; WALKWAY AND PARKING APRON
320
29. LANDSCAPING AND SOD (2 TREES)
750
30. HOOK UP FEES
250
31. ARCHITECTS FEES INCL. INSPECTIONS
1000
32. APPLIANCES (REFRIG. AND RANGE)
750
TOTAL CONSTRUCTION COST:
44,658
G.C.'s - 0. & P. PER HOME:
4,300
BUILDING PERMIT AT $750
750
TOTAL PROJECT COST:
49,708
$49,708 / 1,215 S.F.= $40.91
,SUMMARY.
SALES PRICE FOR MODEL "A"
$66,990
COSTS AS FOLLOWS
A.; LANDCSTO
3,350
B:.CQNSTRUCTION COST;
49,708 '
C. INTEREST RESERVE FOR 4 MONTHS AT 1'0%'
1;657
D: CLOSING POINTSAT 2%
1,340
E: SALES;COMMISSION AT 3%
2,007
TOTAL COSTS:
58,062
F..GROSS PROFIT BEFORE TAXES _
10,013
G.. PERCENTAGE MARGIN OF PROFIT ($58,062 / $66,690)
13%
23
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BEDROOM
LIVNG ROOM
DINWG ROOM
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FLOOD PLAN- MODEL 66191
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{�k1 ✓yT+e;W:x. ert ,,, nN._:A, s. .,s ,., ryi ,.;: ., ,.. .. _ ._
_.. ., . ,
+LOST ESTIMATES:. PALMETTO HOMES.
_ - r
MODEL "�" - 3:BR / 2 BTHS (1,215 S.F.) N.W, - MIAMI , FLORIDA
,01: SITE CLEARIAND BACKFILLING
NG
1,450
a: Equip. Rental
b. Trash Hawing.
-
c.` Backlling
400
02. SURVEYING
....'a- Stake -out
b Elevation Certificate
c.. Finish Slab
d Final Survey
03. FOUNDATIONS AND MONLITHIC SLABS ;
2,600
a. Formwork Lumber. and Rough Carpentry Nails-
b. Compaction at 95%
c. Steel Reinf. and .Misc Reinf.
d. Concrete at 2,500 psi
04. `ROUGH CARPENTRY LABOR
6,600
06" CONCRETE MASONRY STRUCTURE
1,800
a: Labor and Materials
b. Masons Sand
c. Horizontal Reinforcement
06. TIE BEAMS AND TIE COLS (FILLED CELLS)
1,220
a. Formwork Lumber and Rough Carp. Nails
b. Steel Reinf. and Misc. Reinf.
c. Scaffold Rental
d. Concrete - Pump Mix
e. Filled Cells
f. Anchoring Devices
07. WOOD ROOF TRUSSES
2,400
08.�ROOF BRACING AND PLYWOOD SHEATHING
975
a. 2x4 Lumber and cdx plywood sheathing
b. Rough,Carp. Nails
09. 1 X 8WOOD. FASCIA AND SOFFITS
200
10,ROUGH.LUMBER (INTERIOR)
300
a`. 2x4 pt Lumber
b. 2x4 headers
d' 1x4 p.tbeveled
d: 1x2 pt. furring
11 METAL STUDS INCLUDING LABOR
1,020 ;
12 GYPSUM WALLBOARD AND INSULATION
2,700
13: ROOF.COVER ( SHINGLES OVER 30# FELT)
1,900
14 DOORS
1,200
a. Exterior (2)
b. Interior (4)
c. Bi-folds- mtl. (8)
15 WINDOWS AND SHUTTERS
1,010
.f 4
1,600
FL0011' CO VERING
a Nan-Iip the „in bathroom floors
b, VA:T.,i.n Kitchen acid A/C Closet
c.' C$rpeting at $10 sly
d. Wood and C.T. in baths' only)
180
WIIIVDOW, SILLS AND THRESHOLDS
a Marble sills
b.. Marble'saddles int athroom
c.11iletal thresholds i front and side doors
500
FINISHCARPENTRY LABOR
600
1,,600
i. KITCHE. N CABINETS AND. VANITIES
SUBCONTRACTOR (LABOR, AND MTRLS.)
�. ELECTRICAL
a: Electrical Sub.
b:;Electrical Fixtures
1 PLUMBING INCLUDING FIXTURES
3,250
1300
IMPACT. FEES
2,650
4. `CLOSET ShIELYING, MED. CABS AND MIRRORS
350
1,800
5. STUCCO (Min ;5/8',
1,100
6. PAINTING 2 COATS
. a.Emenor
b. Interior
25
.7., EXTERIOR TRIMS
8. WALKWAY AND PARKING APRON `
320
750
!9. LANDSCAPING AND SOD (2 TREES)
250
10. HOOK UP FEES
ARCHITECTS FEES INCLUDING INSPECTIONS
1000
11.
32. APPLIANCES ( REFRIG. AND RANGE)
TOTAL CONSTRUCTION COST:
750
45,900
G.C.'s - 0. & P., PER HOME:
4,500
750
BUILDING PERMIT AT $750
TOTAL PROJECT COST:
51;150
$51,150 J 121b
SUNIIdU�RY
$69,990
SALES PRICE MODEL "B"
COSTS AS FOLLOWS:
3,500
A. LAND COSTS
B: CONSTRUCTION COSTS1,705
51,150
C. INTEREST"RESERVE FOR 4 MONTHS AT 110%
1,400
D. CLOSING POINTS FOR DEVELOPER AT 2 /o X $69,990
2,100
'E.11 SALES COMMISSION AT 3% X $69,990 TOTAL COSTS:
59,855
F GROSS PROFITS BEFORE TAXES:
10,136
14,5%
,PERCENTAGE MARGIN OF PROFIT ($59,855 / $69,990)
6►
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-.1M $: r
t.
COST. ESTIMATES: PALMETMNOMES, INC.
MODEL "C" - 4 BR / 2 BTHS (1,440 S.F.) N.W. - MIAMI FLORIDA
01. ,SITE CLEARING AND BACKFILLING
1,550
a, qu Rental
b Trash Hauling ;
.c. Backfilling
02 SURVEYING
400
a: Stake -out
'b. Elevation; Certificate
..'c. Finish :Slab
d Final.Survey
03 FOUNDATIONS AND MONLITHIC SLABS
2,800
"a. Foi-rriwork;Lumber and Rough Carpentry. Nails
b. Compaction at 95%
c.. Steel Reinf. and Misc Reinf.
d. Concrete at 2,500 psi
04..ROUGH CARPENTRY LABOR
7,200
05. CONCRETE MASONRY STRUCTURE
2,200
a Labor and Materials
b. Masons Sand
c. Horizontal Reinforcement
06. TIE BEAMS AND TIE COLS (FILLED CELLS) 1332
a. Formwork Lumber and Rough Carp. Nails
b. Steel Reinf. and Misc. Reinf.
c. Scaffold ` Rental
d. Concrete:.- Pump Mix
e. Filled Cells
f. Anchoring Devices
. 07. ,WOOD ROOF TRUSSES
2;600
08:'ROOF BRACING AND PLYWOOD SHEATHING
19200
a. 2x4 Lumber and .cdx,plywood .sheathing
ough Carp. Nails
;
09: ;1 X 8WD. FASCIA
250
10. ROUGH LUMBER (INTERIOR)
7.a.
300
2x4 pt Lumber
b. 2x4 headers
C.: 1x4 pa. beveled
`d. 1x2 pt. furring
1.1. METAL.STUDS INCLUDING. LABOR
1,150
' 12. GYPSUM WALLBOARD AND. INSULATION
2,890
13. ROOF COVER ( SHINGLES OVER 30# FELT)
2,300
14. DOORS
1,440 ;
a. Exterior` (2)
b. Interior (7)
c Bi-folds (8)
15. WIND OW$ AND SHUTTERS
1,350 -•
C. PLOOR COVERING t
2,000
a:`Non-'i 10 the in bathroom floors
b; V.&T. in Kitchen and A/C Closet
c. Carpeting at $10's/Y.. .
d. Base ( wood and C.T. in baths only)
�7 1NINDOW SILLS;AND,THRESHOLDS
230
hilatble'sills
- b:`;Marbie,saddies inbathroom`
C. Metal thresholds i front and side doors
18:'FINISH;CARPENTRY LABOR
600
19. KITCHEN CABINETS AND VANITIES
'I $00
)0. ELECTRICAL_ SUBCONTRACTOR (LABOR AND MTRLS.)
3 200
a Electrical: Sub..
b`. Electrical Fixtures
c: F.P.L.
21. PLUMBING INCLUDING `FIXTURES
3,500
22: IMPACT FEES
28H.V.A/C
2,900
.
24. CLOSET SHELVING, MED. CABS AND MIRRORS
350
25. STUCCO (Min 5/8")
1,700
26. PAINTING 2.COATS
1,500
a. Exterior
b. Interior
25
27. EXTERIOR TRIMS
218. WALKWAY AND PARKING APRON
320
29. LANDSCAPING AND SOD (2 TREES)
750
30. HOOK UP FEES
250
31. ARCHITECTS FEES INCLUDING INSPECTIONS / LOT
950
32. APPLIANCES (REFRIG. AND RANGE)
750
TOTAL CONSTRUCTION COST:
51,487
G.C.'s - O. & P. PER HOME:
5,000
BUILDING PERMIT AT $750
800
TOTAL PROJECT COST:
57,287
$57287 / ;1440 s f =; $39.78 / sf.
SUMMARY:
SALES PRICE FOR MODEL licit
$79,990
,COSTS ASFOLLQWS
4,000
A. LAND COST'
B. CONSTRUCTION COST
57,287
C: INTEREST RESERVE FOR 4 MONTHS AT 10% .
1,909,
D. CLOSING POINTS AT 2% FOR DEVELOPER:
11600, ,
E. SALES'COMMISSION AT 3% X 79,990=
2,400 r
TOTAL COSTS
$67,196. • .
F GROSSr PROFITS BEFORE TAXES:
$12,794
G. PERCENTAGE MARGIN OF PROFIT ($67,196 / $79,990)
16%
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t
31
67,�
S
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f f
VI11. PRE-QUALIFIEDIAPPLICANTS`
6 emf# n''"� 33
9120 NW; 35th > Ct, Miami, FL 33147 we estimate that she
can qualify for the following loan amount with a down payment of 2.5 % under the
terms of the Miami Regional Mortgage Corp. Loan Program(s) indicated below:
Loan Program(s): Maximum Loan Amount(s):
30 Year Fixed @ 7.5% $35,000
r
Phone (305) 891-1188 Date Feb 7, 1996
Miami -Regional Mortgage Corp. Loan Consultant
This is an estimate of the maximum loan amount you may qualify for based on current interest rates and terms of the Mortgage Loan
Programs listed above. This is not a commitment to lend funds, not a guarantee of interest rates. Terms and conditions of
Miami Regional Mortgage Corp. Loan programs are subject to change without notice.
1-800-377-6762
� Licensed Mortgage Lender, Florida Department of Banking :.
No Nationwide Commercial and Residential Funding Network
y fQK" Saw+'-• 4"'. ,X�.. s/R%i 'iS�}`n
( l
POST ESTIMATES. PALMETTO HOMES, INC.
MODEL " D'° - 3 OR 1; STHS + FAMILY RM. (1,638 S.F.) N.W. MIAMIj FL.
01. SITE CLEARING AND BACKFILLING
1,620
a. Equip. Rental
b, Trash Hauling .
�. Backfiling
400
01 SURVEYING
a Stake -out
b. Elevation Certificate
c. Finish Slab
d. Final Survey
03., FOUNDATIONS AND MONLITHIC SLABS
2,921
a. Formwork Lumber and Rough Carpentry Nails
b. Compaction at 95%
c. Steel Reinf. and Misc Reinf.
d ,Concrete at 2 500 psi
04. ` ROUGH CARPENTRYLABOR
7,532 '
05: CONCRETE MASONRY STRUCTURE
2,291
a.. Labor. and _Materials
b. Masons Sand
c. Horizontal Reinforcement
06. TIE BEAMS AND TIE COLS (FILLED CELLS)
1,500
a. Formwork Lumber and Rough Carp. Nails
b. Steel Reinf. and Misc. Reinf.
c. Scaffold Rental
d.' Concrete - Pump Mix
e. Filled Cells
f. Anchoring Devices
07. WOOD ROOF TRUSSES
2,750
08. ROOF BRACING AND PLYWOOD SHEATHING
1,350
a. 2x4 Lumber and cdx plywood sheathing
b. Rough Carp. Nails
09 1 X 8 WD. FASCIA
270
10. ROUGH LUMBER (INTERIOR)
300
a. 2x4.pt Lumber
b. 2x4 headers
c. 1 x4, p.t. beveled
d 1 k2 pt. ,furring
11 METAL STUDS'. INCLUDING LABOR
19240
.12 GYPSUM WALLBOARD AND INSULATION
2,950
13. ROOF COVER'.( SHINGLES OVER 30# FELT)
2,398
14- DOORS
1,440
a. Exterior (2)
b. Interior (7)
c." Si folds (8)
15 ..WIIVD01lVS AND SHUTTERS
1,500
16 FLOOR COVERING
2,100
a, Non -,slip tile in. bathroom floors
b, V , T. In Kitchen and A/C Closet'
s. Carpeting at $10 sty
.d, Base ( wood and C.T. in,baths,only)
1T 'WINDOW SILLS AND THRESHOLDS
230
a. Marble $ills
b, Marble saddles I bathroom
C. Metal thresholds i front and side doors
18 FINISH CARPENTRY LABOR
650
1.9 KITCHEN CABINETS AND VANITIES
1,800
20; ELECTRICAL SUBCONTRACTOR (LABOR AND MTRLS.)
3,300
a. Electrical Sub.
b. Electrical Fixtures:
c. FP.L:
21 PLUMBING INCLUDING FIXTURES
3,500
22 IMPACTFEES
1,750
23H.V:A/C �
3,200
24. CLOSET SHELVING, MED. CABS AND MIRRORS
350
25' STUCCO (Min 5/8")
1,850
26. PAiNTING`2 COATS
a: Exterior
b. Interior
27. EXTERIOR TRIMS
25
28. WALKWAY AND PARKING APRON
320 -
29. LANDSCAPING AND SOD (2 TREES)
750
30., HOOK UP FEES
250
31. ARCHITECTS FEES INCLUDING INSPECTIONS / LOT
950
32. APPLIANCES ( REFRIG. AND RANGE)
750
TOTAL CONSTRUCTION COST:
53,737
G.C.'s - 0. & P. PER HOME:
5,000
BUILDING PERMIT AT $750
800
TOTAL PROJECT COST:
59,537-
$59,537 / 1,538 s.f.:= $38971 / s.f.
SUMMARY:
SALES PRICE FOR MODEL "D"
$82,990'
COSTS AS FOLLOWS:
A. LAND` COST
4,150 ;
B.CONSTRUCTION COST
59,537
C.:INTEREST RESERVE FOR 4 MONTHS AT 10%
1,985. ,
D.'CLOSING POINTS'AT 2% FOR DEVELOPER
'l-660
E. `SALES COMMISSION AT 3%
2,490
TOTAL COSTS
$691822
F. GROSS PROFITS BEFORE TAXES:
$13,168
G. PERCENTAGE MARGIN OF PROFIT
16%
vl V
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� t 1
}4
1
qi
�1
VII. TAX DEAD �Ft,R MODEL "A"
PARCEL
F
4
1 � h
39
u^\
qualify for, the followingloan amount with a down payment of % under the
this of the Miami Regional Mortgage Corp. Loan Program(s) indicated below:
an Program(s): 30 YEAR FIXED Maximum Loan Amount(s): $42 , 000
Phone (305) 891-1188 Date 2/21/96
egional Mortgage Corp. Loan Consultant
s is an: estimate of the maximum loan amount you may quaiiFy for based on current interest rates and terms of the Mortgage Loan
grams listed above. This is not a commitment to lend funds, not a guarantee of interest rates. Terms and conditions of
ani Regional Mortgage Corp. Loan programs are subject to change without notice.
1-800-377.6762 • �,
Licensed Mortgage Leader, Florida Department of Banking
oER Nationwide Commercial and Residential Funding Network i Olin
// h.►.d�,� � '% - s,.:, Phone 305 891-1188 Date 2/26/96_
[i gional Mortgage Corp. Loan Consultant
its is an estimate of the maximum loan amount you may qualify for based on current interest rates and terms of the Mortgage Loan
kuj?�',�.� ...... x..
m
. Ak Yoviene
Page 2
EXPERIENCE:
09153 - 05164
Larkmvanna Home Insulation
Lackawanna. Nav York
SALES AND INSTALLATION
Sold, managed and installed insulation. roofing, siding and heating.
01,•39 , llJb7
Bellmore Industries, In
815 Smith Street, Buffalo, New York
VICE PRESIDENT IN CHARGE OF OPERATIONS.
Sellmore Industries was started in 1959, and is a manufacturer and supplier
of aluminum and vinyl storm windows; storm doors, prime windows and
doors. Also a manufacture representative and supplier of aluminum and
vinyl siding, roofing materials. aluminum coils, asphalt and coatings,
skylights and numerous other building products. I was instrumental in the
initial setup and development of the corporation, my responsibilities
included but are not limited to the following:
Designed the various products and manufacturing process to efficiently
produce finishes materials.
* Material allocation, inventory and, delivery schedules.
* Internal cost control. customer credit and billing.
* Maintenance schedules for machinery and equipment.
02,65 -10173
Belair Homes, Inc
77 Queens Drive,
.West Seneca, New York
OWNER / PRESIDENT
Developed Bethford Landing and built 144 single family homes.
* Video Entertainment Center, Inc
Opened Video Stores at the following locations:
Severna Park, Maryland
Pasadena, Maryland
Linthicum, Maryland
Page 4 ,
_
* U.S. Army Corp. of Engineers (1979 - 1980) Contract price $484,000.00
Fort Ritchie , Fredrick, Maryland - Bonded contract to install aluminum
windows and doors on all buildings.
F
* Business Management Corporation (1974. 1975) Const. cost $ 395,000.00
Linthicum, Maryland - Designed and built a 7500 S.F. warehouse. /. offices.
Sold in 1984 for $ 645,000.00:
0'85 `0319.5
Bay Country Builders°& Developers, Inc.,
P.O Box 1970 Easton,
Maryland 21601
.
OWNER / PRESIDENT _
Designed, sold and built 42 custom homes throughout the Eastern Shore
of Maryland. Sales price: $ 375,000.00 to $ 650,000.00:
Designed, sold and completed more than 100 residential and commercial
renovations.
*Easton Professional Center (1993 - 1994) Cost $ 1,022,935.00
Engineered , designed, built and leased to the medical profession, 7 units.
EDUCATIONS
-
09137 - 06145
Washington Elementary School, Lackawanna, New York
:09/45=.06/-l9.
Our Lady of Victory High School; Lackawacuia, New York
09�-19 = 06r53
Canisus_ College, Buffalo; New York `
Bachelor of Science
1
J
r
Y
5
use it hilown dip all Ineli d at
ARMANDO MEDINA
ML 650377814 000
aWoifv��i a< <�
,,
►� l f1 1 .0 VC Iii.VK1UA
'DEPARTMENT OF RANKING AND FINANCE
b 0336
STATE CAPITOL WILDING, TALLAHASSEE, FLORIDA 32.399-0360 PHONE (904) 487-2583
MORTGAGE -BROKERAGE BUSINESS LICENSE
v
THE MORTGAGE BROKERAGE BUSINESS INDICATED BELOW IS LICENSED
UI4VER THE
t
;
PROVISIONS.OF CHAPTER 494, FLORIDA STATUTES.
h
xsr
EFFECTIVE DATE EXPIRATION DATE
1
k
10/07/94 OB/31/96
BUSINESS LOCATIONi
c
!
.
t
150 NW 56TH ST, SH1
MIAMI, FL 33127'
I�ICENSE NUMBER.
MBB 650213022 000
Advertsing Feature
.� ESSAiLellbi
N
I UK IN" (vC, wwxfi )N 'Al,
I3051 350.4015
•
9
M1aml R e Tonal Mortgage s f
•
oa.
home ownership for all who want it'
An important part of the
American dream, is to own your
own home; and now there is a
mortgage firm whose primary €qz
goal is to help make. that dream
come true.
"It is not always 'easy for peo-
pie to obtain the financing to
buy a house, but our main focus a
is on helping these people get the
funding they need to become
homeowners, stated Kai Dan-
iels, president of Miami Region-
al Mortgage Corporation, 1175
N.E. 125th St, Suite 309, in
North Miami.
For eight years, Daniels was a
major league baseball player,`
playing with the Cincinnati
L
Reds, Los Angeles Dodgers and "
the Chicago Cubs until his re-
tirement in 1992. He entered the
mortgage business some two Kai Daniels, president, seated, and Bob Dohmen, sales manager, at the
years ago. offices of Miami Regional Mortgage Corporation in North Miami.
When I was a kid growing up,
my dream was to become a major people who may have less than "We refinance office build -
league ball player," Daniels not- good credit purchase that home, ings, hotels, motels and strip
ed. "A lot of people have a dream_ With the many mortgage pro- malls that are anchored or not
` of owning a home, and I want to grams at our disposal, we are anchored by a m a j o r retail
help these people' realize that able to find the financing for store," Daniels said.
dream"just as my dream became these people that will meet their He added:
a reality:"'. budgetary needs. "We are the fastest growing
"And, our residential interest minority -owned mortgage com-
He pointed out that Miami
Regional Mortgage' offers a wide rates are better or just as good as pany in the state of Florida, and
range of mortgage programs our closest competitor. We can we want to be the number one
from $40,000 up. They also are match or beat any rate out residential lender in Florida."
very active in. pro Ividing` home there." To obtain further information
equity loans and are in commer As to their commercial Iend on what Miami Regional Mort -
lending. ing, Daniels noted that all of Mi- gage provides their clients, call
ami Regional Mortgage's com- them at (305) 891-1188 or from
"There are man} people who mercial funding comes by way of outside of the area toll -free at 1
are running into roadblocks in a large pool of investors on Wall 8,00-377-6762. Their office hours
their efforts to buy a house," Street who primarily invest in are 9 a.m. to 6 p.m., ?Monday
Daniels'said. "We want to help commercial projects. through Friday.
��: -63
pRTOYIS S S1, PA RICK i IND_Y_ ,
20305 North West 3 Court
Miami, FL 33169
(305) 657-2862
EDUCATION,•
Morehead State University
Kentucky
Major- Marketing &Management
Minor- Public Speaking
Student -Government/ Dorm Representative
Omega Psi Phi Fraternity
Prestonburg Community College
Kentucky
( Plumbing/ElectricaVConstruction)
Carl D. Perkins Job Corps Center
Norland Senior High School
Miami, FL
EXPERIENCE:
1992-Present
Miami Regional Mortgage Corp.
Miami, FL
Vice- President
Co -Owner of mortgage lending business
Solicit loans from homeowners and realtors
Invest in mortgage loans
1992-Present
Waiters Financial Network, Inc.
Miami, FL
Co -Owner/ Vice -President
Ruy and sell residential and commercial properties
Finance foreclosures and renovate properties
Establish working relationships with private investors
1990-1992
Mortgage City USA
Miami, FL
Bought and sold over. $1 million in residential
and commercial properties.
1986-1987
Carl D. Perkins Job Corps Center
Kentucky
Assistant Supervisor. Crew Manager, Counselor
(Plumbing/ElectricaVConstruction)
Dorm Officer, Security Cadet Leader, and
-
Student Resident Advisor
140BBIES:
Enjoy, swimming, dancing and all outdoor sports.
•
166
t
Kul Daniels
r
EDUCATION
Northside High School
Warner Robins, GA
Middle Georgia Junior College
Cochran, GA
Major:' Business Management
Y' PERIENCE
1994=Present
Miami Regional Mort Corp
Miami, FL
President
Buy and sell residential and commercial
properties
Foreclosure and renovate properties
1993-Present
Jo Jo's Pickled Products
Davie, FL -.
Wholesale and distribution of pickled
products
` 1992 :
Chicago Cubs
1989-1992
Los Angeles Dodgers
1986-1989
Cincinnati Red
1991-Present
KD Enterprises
Warner Robins, GA
President -Owner
Construction of single family homes,
foreclosures and commercial buildings
Hobbies ...;
Reading, Weightlifting, golf and 'softball
�
7
fir_
MIAMI REGIONAL MORTGAGE CORPORATION
BALANCE SHEET
DECEMBER
31, 1993 AND DECEMBER 31, 1994
;ETS
1994
- 1993
$369,838
$495
1,275
>te 3)
42,211
55,745
;25,659
9,664
-
-- -
438,982
-
68,779 .
(Note 1):
14,290
19,097
57.158
76,385
8,738
8,738
14,866
13,658
13,426
0
5,982
5,982
114,460
123,860
;cation
21,047
12,296'
93,413 .
111,564
LIABILITIES
CURRENT LIABILITIES
Cash Overdraft (Note 2)
$0
$3,494
Mor tga es Payable -Current Portion (Note 5)
10,752
14,992
Accounts Payable
2,256
4,631
,Other.Payable, s
1,667
Customers' .Deposits
83,377
- - ----
617
- - -
Total Current Liabilities
98,052
23,734
LONG TERM.LIABILITIES
Mo'rgages��Payable (Note.5)
43,.330.
70,265.
less: Current'Portion Shown Above
10,7.52
.14,992
Lonq Term Debt
26,640
-----------
Total.,Long Term Liabilities
59,218
55,273
TOTAL LIABILITIES
157,269
79,007
STOCKHOLDERS' EQUITY
'COMMON STOCK AUTHORIZED 1,000 SHARES AT $1
ISSUED 1,000 SHARES
100 -
100
PAID IN CAPITAL (Note 5)
543,596
139,834
RETAINED EARNINGS (DEFICIT)
(47,140)
(38,598"
Total Stockholders' Equity
4961,556
1 101`,336
TOTAL LIABILITIES AND STOCKHOLDERS' EQUITY
$653,826
$180,343
The accompanying notes are an integral part of these
financial'statements.
70 2 a
,�''
MIA141 REGIONAL MORTGAGE CORPORATION
- STATEMENT OF INCOME
FOR THE PERIOD OCTOBER'24, 1992 TO DECEMBER
31, 1993
-AND DECEMBER 31, 1994
1994
1993
Commissions •Earned362408,474
Proceesing•Fee Income
2,241
675'•
Interest Income =
Rental Income
0
12,352
1,245
1,275'
Total Revenue
50,833
11,669
Less,' Returns & Allowances
400
1,172
'Total . Revenue
50,433
10,4197
---------
OPERATING EXPENSES
---------
Advertising
5,594
316
Auto Expense`
196
300
Bank `Service Charges
548
436
Bond Expense
125
225
Closing Costs
0
1,613
Commissions
14,771
4,402
Credit Report Services
531
0
Dues & Subscriptions
606
1,728
Employee,Bonus/Training
180
0
Equipment Leasing
503
0
Foreclosure Services
2,078
0
Freight &'Shipping
868
181
Insurance
282
0
Interest Expense
4,159
6,498
Legal & Accounting
4,037
2,596
Licenses
42-5
1,435
Misc.'Expense
0
1,239
Office Expenses
2,371
535
Postage
482
2,575
Professional Services
6,895
0
Property/Other .Taxes
407
0
;Rent
9,639
4,793
Repairs & Maintenance
8,076
955
Sanitation
159
0
S6ftware`Leasing
2,211
0
Tie I6phone.`and, Beeper
8,697
2,502
Travel
493
Utilities -
1,082
3,256
Total Operating Expenses -
75,413
36,799
rhe;accompanying notes are an integral part of
these financial statements.
3
,
MIAMI REGIONAL MORTGAGE GORpORATION
STATEMENT OF RETAINED EARNINGS
YEARS ENDED DECEMBER 31, 1993 AND 1994
i
;BALANCE, DECEMBER 31, 1993 ($38,598)
F�RIOR PERIOD ADJUSTMENT 175
ADJUSTED BALANCE, DECEMBER 31,'1993 (38',423)
NET'INCOME'FOR'YEAR ENDED DECEMBER 31, 1994 (8,717)
BALANCE, DECEMBER 31, 1994 ($47,14'0)
MIAMI REGIONAL MORTGAGE CORPORATION
STATEMENT OF CASH FLOW
FOR THE PERIOD OCTOBER 24, 1992 THRU
DECEMBER 31,
19.93
AND DECEMBER 31, 1994
;CASH PLOW FROM OPERATING ACTIVITIES
1993
1994
income
1$38.598)
($8,717)
Adjustment to reconcile Net Income t0
Net cash provided by,operating activities:,
Depreciation
12,296
8,751
..Capital Gann from Sale of Fixed Asset
0
(24,160)
(Increase) decrease:;An:
Accounts Receivable
(2,875)
1,600
Mortgages *Receivable
(55,745)
13,534
Loan Receivable.
(9►664)
(15,995)
(Decrease). increase in:
Checks written i,n Excess of Deposits
3,494
3,494
Mortgages Payable - Current Portion
14,992
(4,240)
Accounts Payable
4,631
(2,375)
Other Short Term Payables
0
1,667
•Retained Earnings Adjustment
0
(175)
Customers' Deposits
617
82,760
NET CASH PROVIDED BY OPERATING ACTIVITIES
(70,852)
56,144
CASH FLOW FROM INVESTING ACTIVITIES
Purchase of Fixed Assets
(123,860)
(13,426)
Purchase of Investments
0
(117,202)
Sale of Fixed Assets
0
40,349
NET CASH PROVIDED FROM INVESTING ACTIVITIES
(123,860)
(90,279)
CASH FLOW FROM FINANCING ACTIVITIES
Stockholder's Investments
139,934
403,762
Incurred Long Term Debt
55,273
22,411
Paid off Long .Term Debt
0-
(22,695)
NET''CASH PROVIDED FROM INVESTING ACTIVITIES
195,207
403,47.8 1
`NET'INCREASE IN CASH
-- ----
495
- -
369,343
CASHA.T BEBINXING OF THE PERIOD
0
495
CASH AT THE END OF THE PERIOD
$99`5
$3691838
t �
The notes are an integral part of the financial statements. Y\S4aS5tU"*'o
44
5
NOTE,2:
CASH
Cash in checking account at City National
Bank
A/C` #300157059.7
- $ t 14,275)
Cash in,I:escrow is,at,.City National Bank
A/C #3001584295
83,377
Cash in'checking account at City National
Bank .
A/C #3001585472
$ `50,536
Cash in Certificate, of Deposit ,at. City .National
Hank,.
$ 250,000
Cash on Hand
$ 200
NOTE,3:
MORTGAGES RECEIVABLE
Below reflect the detail of the mortgages
receivable:
Z. Pearsal $11,985
M. Boyd 23,986
M. Cunningham 6.240
Total $42,211
NOTE
4:. LOAN RECEIVABLE
Monies were advanced to Waiters Financial, another corporation
owned by Van Waiters. These funds are expected'Ao
be repaid
.;within
the next:.;twelve (l2.) months.
NOTE'5
i MORTGAGES PAYABLE
Long
Current Term
Total
Nations Bank, 16.5$
`.'interest
,r.a;t:e.
;monthly
—wiint-i,l.paid
in full _ $ 3, 372 $ 5,170
$ 8, 542
Pan; .Amer i can Mor gage.
Corp. 85$. At.
rate, $615.36 due
monthly until paid
in full' 7,380 271,408
34`,788
.,TOTALS,
$10;,752 $32,57.8
$43,330
oo
1
AbVICE 0 [7�IT `ti , i jy,.
( DATE
r
cusfioMEa +I� City
watioi'il
Banff
;
'
V11E HAVE �HARd�d;Ylgll� • .O CHECKING 160
U SAVINGS TO CLOSE 239 ❑ PRi-AUtFIO6W' r!
�1CCQpCS0
139; . bEBIT.(MMkT��4TA
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...
DE
AMOUNT
tit i'A�P�MENfi.,�NOTE # 3�2bO32
gR;' MIAMI'
Cct 001- 8-
5 Sb72
248,084429
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Derr. SIG,
' ;►'
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L. ZtI, 33161
AU1 I, SIG.
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