SNOWMASSCENTER AcquiredforredevelopmentofOnemillion ...€¦ · Appraxsal/Report Fees to CB RichardEllis Report Fees to National Assessment Corp Prorations And Adjustments Tax Escrow

SNOWMASS CENTER

Acquired for redevelopment of One million square feetSold comps $2200 per square footPro forma Total gross sales: $2.2 BILLION

STATEMENTOFSETTLEMENTBuyer's

Property Address: SNOWMASS VILAGE, COLORADOSeller GATEWAY CENTER OF SNOWMASS L L C ACOLQRA

SNOWMASS VILLAGE LIMITED PARTNERSHIP AN IU

Data of Proration:

Legal Description:

PARCEL C CONDOMINIUM & SNOWMASS VILLAGE MALL

File No: PCT19608M

Description

Contract Sales Price-GatewayContract Sales Price-Snowmass Village MallDeposit or earnest mom*/

New loan from GMAC COMMERCIAL MORTGAGE CORPORATION

Interest 5/27/05-5/31/05 GMACLegal Fees to GMAC

Taxes 1/1/05-05/31/05<SatewayTaxes 1/1/05-04/30/05-Snowmass Village MallCommission to SREC-Snowmass Village MallLoan Originalion Fee lo GMAC COMM MTGAppraisal lo New GMAC Loan

Assumption Fee lo Processing Fee New GMAC LoanInterest on existing GMAC PayoffPrepayment Penalty on existing GMAC PayoffSetup Fee New GMAC LoanZoning Report New GMAC LoanSearches New GMAC LoanEngineering Report New GMAC LoanEPA Report New GMAC LoanImprovement Reserves New GMAC LoanTI/LC Reserves New GMAC LoanReplacement Reserve New GMAC LoanTax and Insurance Reserves New GMAC LoanInsurance Reserve-New GMAC LoanSettlement Fee to PITKIN COUNTY TITLE INCUnderwnting Fee New GMAC LoanInsurance Premiums

mh Financial Group—Commitment for future development svcsMP Financial Group- investment in Buver

onowmass cQuny—Commitment for future development svcsSnowmass Equity- investment in BuyerPacific Capital-Commitment for future development svcsPacific Capital Commitment- investment in BuyerMay Rent Proration *Tide Insurance to Pitkin County Tide.Title Endorsements oer sduxfutn i onrfow* o i--~r.w,..»v.>K.ii»9 i^n suicouie-Lenoers Policy

Title Endorsement-Owners PolicyRecording Fees (Estimated)State Documentary FeeTax CertificatesTown of Snowmass Village-Transfer TaxSecurity Deposits-Gateway

Griggs-Ccmmitment for future development svcsZariento & Kimmell, PCBall & Janki

Scott Pollard

Richards, Layton & FingerHolland & Hart

Allan Matkins el.al.

CT CorporationMP

Travelers-Workers CompensationMay Oper.- Snowmass Village MallMay CAM

Security Deposils-Snowmass Village MallClosing Extension Fee-Snowmass Village MallLarry Jordan Weinsteen. CHTDBuyers Acqusiticn of Mall InventoryCharles Baclet & Assoc.Patrick Leto ConsultingDrexel Bairell-Surveys

Sub-Totals

Balance Due From BuyerTOTALS

DO LIMITED LIABILITY COMFJNOIS LIMITED PARTNERShMITED LIABILITY COMPANY

Debit

10.800.000.0014 000 000 00

16.312.5032.500.00

560.00000225.000.00

6.475.002.100.00

50.959.97

474,224.62100.00

1.230.00

1.551.852,550.00

2.050.00410.767.00335.911.00

18.551.00271,000.00

60.000.00

2.500.007.S00.00

57.872.00

112.500.00

622.000.00

122.000.00

200.00

16,705 00

6.200 00

1.000.00

2.480.0032000

248.000.00

7.670.224.707.54

9.800 00

7.910.0038.521.22

8.316.002.250.00

3.500.00

9.029.00

78.706.84

4.050.90

18.705.00245.00

2.000.0017.700.00

28.683.671.66

28.683.67166

'ANYIIP

Credit

500.000.0022.500.000 00

57.500.00

41.764.98

52.080.64

112.500.00

622.000.00

199 ftflfl fwi

1.773.94

74.374.49

800.000.00

123.488.S356.571.38

244.703.09

25.308.757.053.374.914.61

28.683.671.66

APPROVED and ACCEPTED

SNOWMASS HOLD.NG COMPANY. LLC A DELAWARE LIMHED UAB.UTY COMPANYBY:

Tilbv

ESCROW NUMBER:

CLOSING DATE:

BUYER:

SELLER:

PROPERTY:

CHICAGO TITLE COMPANY

ESTIMATED BUYER'S/BORROWER'S SETTLEMENT STATEMENT

O5820-O4382335!-00! ORDER NUMBER: 05820-04382335102/25/05 CLOSER: Lorri Beas.ey

Passco Courtney Villaqe S LLCPassco Courtney ViIlig% h! LLC

Courtney at Papago Park, LLC

Courtney village. 4848 E. Rooseve.t Av. Pnoenix, ARIZQNA

PAGE: 01

Sales PriceEarnest Money Deposit

Interest on invested funds (TBO)Additional Deposit bv PREETransfers from TIC Piles (EST)

New Loan From Deutsche Bane Mortgage Capital. L.P.

FUNDS REQUIRED FROM BUYER (TBD)

Closing DepositForward Rate Lock Deposit

ipc5ioP to FalconieriFees to CadwaladerCertification to Stewart

UCC m?™P£emiiim S° D°dge. WarrensSrch Fels tO Parasec (EST)Hazard Ins ReserveCounty Taxes Reserve

8J^ BWiE^TFirst Months Payment to GMAC Commercial

ste™ Fr

Surveying

FeesS?oyiV?e tO Great Weste™ France

&Fees toioS^y^e?neSt C°Advisory Fee to Continental Realty

Probations And Adjustments

S3TflSS1f3E?gST

Security DepositsCurrent Prepaid Rent-March

02/25/05

for 365 days

CHARGE BUYER

S 33,223,500.00 S

10,914.47

600.00750.00

54,750.00687,726.45

2,643.215,000.002,500.001,338.59

46,000.00

76,293.00122.00552.00

12,716.0026,990.0015,000.00

276,000.00

84,587.17

192,600.005,400.008,095.008,000.00

400.004,500.00

401,250.00

1,991.092,990.04

CREDIT BUYER

500,000.00

1.00500,000.00

9,900,000.00

22,924,215.00

1.00

30,000.00115,000.00690,000.00

4,921.33

43,880.96

102,389.651.645.72

DATE: 02/25/05 10:41:03


EST.MATED BUYER•S/BORROWER•S SETTLEMENT STATEMENT

ESCRO, NUMBER: 05820-043823351-001 ORDER NUMBER: 05820-043 3iCLOS.NG DATE: 02/25/05 CLOSER: Lorri Beas.ey

PAGE: 02

CHARGE BUYER

Mr

sio°

7Oa" Po''"=y Premium

Fee

(EST)

Loan"Tie-lnCFeV"l>'Inspection/Delivery Fees (Title) (1/21Binder portion Owner's Policy Prem

Funds Due To Buyer At Closing

TOTALS

126.510.00103.149.0116,198.056,061.553.100.00

200.00200.00200.00100.00

2.500.003,250.00

200.00100.00200.00200.00100.00

5,649.30100.00500.00150.00100.00

11.412.23

591,658.91

CREDIT BUYER

39,509.91

„ 50,000.001.123,500.00

S 36,025,064.57

assco Courtney Village s. LLC

P^ssco Courtney Village H. LLC

DATE: 02/25/05 10:41: 03


BUYER'S/BORROWER'S SETTLEMENT STATEMENT

ESCROW NUMBER: 05820-043823361-001 ORDER NUMBER: 05820-043823361

CLOSING DATE: 03/31/05 CLOSER: Lorri Beasley

BUYER: Passco Alanza S, LLC as to an undivided 98% interestPassco Alanza H, LLC as to an undivided 1% interest

SELLER: TCR Belleview Holdings Limited Ptrship

PROPERTY: Alexan Belleview Apartments, Phoenix, ARIZONA

PAGE: 01

Sales PriceEarnest Money Deposit

Transferred from TIC files (Est)

Deposit by Passco Alanza S

Deposit by Passco Real Estate

New Loan From Greenwich Capital

CHARGE BUYER CREDIT BUYER

$ 36,121,500.00 $500,000.00

6,399,500.00

145,600.005,800,000.00

24,925,000.00

Interest Earned on Investment

Loan Charges To Greenwich CapitalAdvisory Fee to Great Western FinanceAppraisal FeeEnvironmental Assessment

Property Condition ReportDue Diligence/Travel/MiscDue Diligence/Credit SearchesZoning Report

Insurance ReviewInsurance PremiumSite Inspection/Travel FeeLender Expenses

Credit SearchesInterest Rate BuydownInterim Interest

Tax Impounds

Insurance ImpoundsReplacement Reserve DepositHoldback Immediate RepairsLender Legal Fees

Expense Deposit

927.24

116,000.00

4,000.00

2,400.00

3,500.00

11,274.66

1,350.00

890.30

600.00

80,639.00

250.77

750.00

9,613.49

997,000.00

19,200.56

49,044.00

6,720.00

270,000.00

43,750.00

95,000.00

75,000.00

Legal Fees to Bouza Klein (Est)Document filing service fees to CSCUtility Deposit to Salt River ProjectUtility Deposit to Southwest GasContinental Realty AdvisorsTransfer to 53823160-M19

Prorations And AdjustmentsPrepaid Rent

Security DepositsReal Property Taxes Pel 125-16-036 2 from 01/01/05 to

Total amount $ 192,434.00 for 365 daysTransaction/Development Costs

Rent Concessions

Escrow Fee (1/2)Delivery/Cartage Fees (Est)

ALTA Owner's Policy PremiumIncreased Liability to $40,925,000

Binder Fee

4,000.00

10,259.60

26,175.00

5,860.00

397,250.00

866.11

5,724.15

100.00

17,584.05

6,465.80

9,856.96

10,226.02

32,326.45

47,449.48

1,221,500.00

240,000.00

DATE: 04/01/05 13:30:33


BUYER'S/BORROWER'S SETTLEMENT STATEMENT



PAGE: 02

ALTA Lender's Policy PremiumOwner's Endorsements

Lender's Endorsements

Recording Fees (Est)Inspection/Delivery (Title)

Funds Due To Buyer At Closing

CHARGE BUYER

300.00

3,850.00

4,200.00

500.00

75.00

1,070,979.74

CREDIT BUYER

TOTALS$ 39,397,529.19 $ 39,397,529.19


DRAFT VvM/fLESTIMATED BUYER'S/BORROWER'S SETTLEMENT STATEMENT PAGE: 01

05820-033823283-001 ORDER NUMBER: 05820-033823283

05/19/04 CLOSER: Lorri Beasley

Passco Kauai Village, LLCTenants in Common per attached exhibit

Kauai Village Associates

Kauai Village Shopping Center, Island of Kauai, Waipouli, Kapaa, HAWAII

ESCROW NUMBER:

CLOSING DATE:

BUYER:

SELLER:

PROPERTY:

Sales Price

Assumed Loan With KeyBank Real Estate Cap/Wells Fargo, TrLoan Balance

Legal Fees (TBD)

Assumption FeeDeposit for Legal Fee Reserve (EST)

Transfers from TIC Files (TBD)

Deposits to Escrow

Loan Charges To

Ptn New Reserve Account to KeyBankUCC Filing Fees (EST)Addt deposit to Required Repair Reserve

Advisory Fee to Great Western FinanceInvoices to be paid at close-NEED INFONet prorations to PASSCO Prop Mgrat (TBD)Appraxsal/Report Fees to CB RichardEllisReport Fees to National Assessment Corp

Prorations And AdjustmentsTax Escrow BalanceInsurance Escrow BalanceReplacement Reserve BalanceTI/LC Reserve BalanceRequired Repairs Reserve Balance2nd Extension Fee to 2-24-04Additional Extension Fee to 4-24-04Additional Extension Fee to 5-24-04Taxes-#4-3-008-013 from 05/19/04 to 07/01/04

Total amount $ 76,726.60 for 182 davsTaxes-#4-3-008-014 from 05/19/04 to 07/01/SfTotal amount $ 25,002.98 for 366 days

^otlf4^;,00^10 from 05/19/04 to O7/oI/ollotai. amount S ?<; nn •?«*■ ice a—.

Operating Costs from 05/19/04°2o O6/of/O4 yS

CHARGE BUYER CREDIT BUYER

$ 26,950,000.00 $

Bridge Credit

Credit for Building rehabRent Guarantee (per 11-18-04 letter)

Escrow Fee (1/2)

Additional Conveyance Fee (TBD, if any)ALTA ptn Owner's Pol Prem ($26,950,000)»""* Owner's Pol Prem to $30, 6Oo7o6o (E)

17S

1402

13

174

14

6

35

7

35

150

3

50100,

25,18,

2,

15,

5,

4,

3,

3

i, 882

,000

,500

,125

,525

1

,000

,800

,365

,619

,478

,033

,635,000,000

,000

,127

,937.

2.

411.

163.1.

042.285.

..001.61

.00

.00

.00

.00

.00

.00

.00

.00

.52

.88

.14

.55

.45

.00

.00

.00

.71

.51

,94

92

7500

5000

17,588

54

600

31,

6,

76,

88,26,

350,100,

1,360.67

,000.001.00

,00(

190

556

065,

661.400.

000.000.

).00

.03

.25

.87

.5300

00

00

DATE: 05/17/04 17:28:07


TESTIMATED BUYER'S/BORROWER'S SETTLEMENT STATE



PAGE: 02

Endorsements-Owner's (EST)Loan Endorsement (EST)Binder for Owner's Policy (EST)Additional Statement Fees (EST)Recording Pees (EST)

Funds Due From Buyer At Closing

CHARGE BUYER

7.500.001,300.004,131.00

2,000.00

2,500.00

CREDIT BUYER

9,029,137.13

TOTALS$ 27,950,372.48 $ 27,950,372.48

c By: Corporate Services Inc 303 771 2344; May-18-04 8:31AM; Page 2/3

$^

BORROWER(S) FINAL CLOSING STATEMENT

Prepared by

STEWART TITLE OF CALIFORNIA, *2010 MAIN STRBBT, SUITE 2$0IRVINE, CALIFORNIA 92614

(949) 476-5010

Borrower(a)t CORONA 850 DEVELOPMENTLender: CORONA KORTSAOE POND, LLC

Property: VACANT LAND (APPROXIMATELY 883 ACBHS)

File Number: 01097842

AREA CA

NEW LOANS)

New Loan Amount

DEPOSITS:

FORBEARANCE COMPLIANCE

PAYOFFS:

Payof£ (Refinance) - biqbib

Principal amount: g 3,020,000 00PAYBB* RICBARD A. HIGBIS, TROSTBB OF THE DOY

TROST

Additional Payoff (R«£inaa«e) -PROCEEDS TO MARTINSON N. V.

SS .! X02PAYBB; C/O STRADLING YOCCA CARLSOnI

LOAM CHARGES:LBUDES FEES

,_PAJ(SB: COROHA KORTQAOB WTJKD, LLC12 MO. INTEREST SBSBRVE8

vJmSl— CORONA B50 DEVELOPMENTNON DBFACLT BXTHNBION FEE

PAYBEs CORONA 850 DBVBLOSMENT

^Y^!Y IS?S^fBo^X1/05 " 2/11/06-PAYBBI CORONA 850 DEVELOPMRM*2004/05 PROPERTY TAXES UBVEI>OTMEWP

PAYEE: CORONA 850 DBVBLOPMBNTADDITIONAL INTEREST RBBBRVBS

3m» *S5££PAYEE: CORONA 850 DBVBLOPMBNT

BSCROW CHARGES:Bscrow Faa

Notary/Signing Foe

™Si *«*l/*tog Processing Fee -FEDERAL BXPRB8S(LOAN DOCS)

Oyernlte Mail/Msg Procw.iag Paawirft Fee

TITLE CHARGES:

Leader's Title Policy (ALTA)

Twees - TAX SALEToxea - 2003/04 prop. taxWire Proe*ssiag FeeMISC. ORANQB CODNTY RBCORDINQ

DEBIT CREDIT

5,150.000.00

17,200.00

3,020,000.00

94,500.00 —

2,950.0040.00

100.0020.00

60.00

3,586.78

8,260.80

2,065.0089.977.5444,054.64

17.00

250.00

1 »4.97»B5£-75 *

(Continued on next page)Page: 1

By: Corporate Services Inc 303 771 2344; May-18-04 8:32AM; Page 3/3

Borrower Final dosing Stat*n*nt (continued)Pila Number: 01067842

BECORDIHG PBBS/TRANSS'BR CHAfiQBS:Rarnrdiag ?«a - SST.

Dead amount $176.00 D/T amount $115.CORalaaaa amount $118.00

County Tranafar Tax

PATfBB: ST8WART TIXLB

HXSCBLUUIBOITS CHABGSSt

^^H?8™™"8 DUB P8R I»VOICBSPAVBBs PLBTCHKR DBVBLOJ'MSKT COMPANY

BBZHBDSSBUBNT DOB PER DJVOICBflPAXKBs BBLSHIRB HOID1HQS. LLC

PAVSB: SECRETARY OP STATB UCC DIVIStOH

DBBIT CREDIT

5.500.00

29,667.4B

TOTALS: 5,167,300.00 5,167,200.00

Paga: 2

Sent By: Corporate Services Inc 303 771 2344; May-18-04 8:31AM; Page 2/3

BORROWER<S) PINAL CLOSING STATEMENT

Prepared by

STEWART TITLE 07 CALIFORNIA, INC.

2010 HUN STREET. SUITE 260

IRVINE, CALIFORNIA 92614

(949) 476-5010

Borrower(a)i COfiONA 850 DEVELOPMENT

Lender: CORONA MORTGAGE FOND, LLC

Property: VACANT LAND (APPROXMATBI.Y 883 ACRBS) UNINCORPORATED AREA CA

Closing Date: 03/29/2004 Proratioa Data: 03/29/2004Escrow Officer: Mary Mafia

File Number: 01067842

DEBIT CRBDIT

NEW LOANS;

New Loan Amount

DEPOSITS:

FOBBSARANCB COMPLIANCE

PAYOFFS:

Payoff (Refinance) - HIQBIB

Principal amount: $ 3,020,000.00

PAYBB: RICHARD A. HIGBX8, TSOSTBB OF TBS DOY

TRUST

Additional Payoff (Refinance) -PROCEEDS TO MARTINSON N. V.

Principal amount: $ 100,000.00

TRANSFER TAX : $ -5,500.00

PAYBB: C/O STRADLING YOCCA CARLSON t RAUTH

NEW KAN CHARGES:

LENDER FEES

PAYBB: CORONA MORTGAGE FUND, LLC

12 MO. INTEREST RSSSRVBS

PAYBB; CORONA BSO DEVELOPMENT

NOH DEFAULT BXTBHSION FEE

PAYBB: CORONA 850 DEVELOPMENT

LIABILITY INSURANCE 2/11/05 - 2/11/06-PAYBBt CORONA 850 DEVELOPMENT

2004/05 PROPERTY TAXES


ADDITIONAL XNTBftSST RESERVES

PAYBB: CORONA BSO DEVELOPMENT

BROKER FEE

PAYEES FLETCHER DEVELOPMENT COMPANY

ENTITLEMENT SOFT COSTS


ESCROW CHARGES:

Escrow F«a

Notary/Signing Fee

Doc. Prap/Loan Tie In Faa - UCC1/SUB&RECONS

Ovarnita Mail/Msg Procaasing Fee -

FEDERAL EXPRESS(LOAN DOCS)

Ovarniea Hail/Mag Processing Fob

Nlra Fee

TITLE CHARGES:

Lender's Title Policy (ALTA)

Liability amount (MTP) $5,150,000.00

Owner's Title Policy

Liability amount (OTP) $5,000,000.00

Endorsement charges

Taxes - TAX SALE

Taxes - 2003/04 PROP. TAX + PENALTY

Nira Processing Pea

MISC. ORANQB COUNTY RECORDING

5,150,000.00

17,200.00

3,020,000.00

94,500.00 —

2,950.00

40.00

100.00

20.00

60.00

3,586.78

8,260.80

2,065.00

89,977.54

44,054.64

17.00

250.00

(Continued on next page) Page: 1

Sent By: Corporate Services Inc ; 303 771 2344 j May-18-04 8:32AM; Page 3/3

Borrower Final Closing Stat«n*nt: (continusd)Pila Number: 01067842

OBBIT CREDIT

RKCOBDIKG FaBS/TRANSFBR CHAKQBS:

Recardiag ?•• - BST. 409.00De«d amount $176.00 D/T amount $115.00R»l«aa« amount $118.00

County Transfer Tax 5,500.00PAYBS: STEWART TITLK

KZSCBLIANBOUS CHftBGBS:

RBZHBOBSBMBIITS DUB PSR INVOICES 58,325.00PAYBB: PLBTCBBS DEVSLOPMSNT COMPANY

8BIKBDHSBMENT DOB PER ZNVOZCBS 29,667.48

PAYBB: BBLSaiHE HOIiOINQS. LLC

OCC FI1.IHC 60.00

PASBB: SECRBTAEY OP STATB 0CC DZVXEIOK

SUBTOTALS: 5,167,200.00 5,167,200.00

BALAHCB DUB FROM BORRONBRt 0.00

TOTALS: 5,167,200.00 5.167,200.00

FirstAmerican Title Insurance Company4801 East Washington, Suite 110 • Phoenix, Arizona 85034

(602) 685-7560 • Fax: (602) 685-7580

SETTLEMENT STATEMENTPRE-AUDIT ONLY 06/28/2002 ( 5:34 PM) SUBJECT TO ADJUSTMENTS AT CLOSING

DATE: June 28,2002

ESCROW OFFICER: CAROL PETERSON

SELLER: BORROWER: DYNAMITE MOUNTAIN RANCH

SETTLEMENT DATE:

ESCROW NUMBER: 201-800-1414500

BUYER: LENDER: ANVIL FINANCIAL

PROPERTY: PART OF SEC. 31 5N 3E - MARICOPA COUNTY

SELLER

CHARGES CREDITSBUYER

CHARGES CREDITS

SALES PRICE

DISBURSEMENTS/CHARQFS

BRIDGE FINANCIAL CORPORATION/##121

PRINCIPAL BALANCE

BRIDGE FINANCIAL CORPORATION/##110

PRINCIPAL BALANCE

SUB ESCROW

EXTENDED LENDER'S

REC FEES

GREAT WESTERN FINANCE, INC

LOAN FEE

BENTLEY CAPITAL LLC

LOAN FEE

FIRST AMERICAN TITLE

ENDORSEMENTS

SURVEY-LEGAL ENDORSE

SUBTOTALS:

FUNDS DUE FROM SELLER

TOTALS:

3,495,037.74

4,874,835.13

2.000.00

15,587.00

250.00

65,000.00

65,000.00

375.00

750.00

8,518,834.87

8,518,834.87

8,518,834.87 8,518,834.87

MISCELLANEOUS NOTES:

LOAN AMOUNT $13,050,000.00

Documents

SNOWMASSCENTER AcquiredforredevelopmentofOnemillion ...€¦ · Appraxsal/Report Fees to CB RichardEllis Report Fees to National Assessment Corp Prorations And Adjustments Tax Escrow