Court Street RAD Preservation Newark, NJ Jonathan Rose Companies - - PowerPoint PPT Presentation

Court Street

RAD Preservation Newark, NJ

Rose Investments

Jonathan Rose Companies Firm Overview

Culture, Health & Education Rose Development

Jonathan Rose Companies Overview

Jonathan Rose Companies has completed $1.6B of development, transformation and project management work, including more than 5,300 multifamily housing units. Across its nine real estate investment funds, the Firm currently owns 22 properties and has more than $292M in capital commitments. Approximately 88% of the Firm’s funds’ housing units are affordable.

Jonathan Rose Companies Court Street, Newark, NJ

Court Street Newark, NJ - Existing Jonathan Rose Companies Court Street, Newark, NJ

Mission: Repair the Fabric of Communities While Preserving the Land Around Them

Court Street Newark, NJ Jonathan Rose Companies Court Street, Newark, NJ

Jonathan Rose Companies Court Street, Newark, NJ

Mission: Repair the Fabric of Communities While Preserving the Land Around Them

Court Street Newark, NJ Jonathan Rose Companies Court Street, Newark, NJ

Court

Court Street Newark, NJ Jonathan Rose Companies Court Street, Newark, NJ

Jonathan Rose Companies Court Street – Sources and Uses

Sources Loan Proceeds 17,775,000 $

• IRP

2,305,000 $

• Release
• f

seller Environmental Escrow* 1,064,970 $

• Release
• f

NJHMFA Replacement Reserve

• $
• Release

post rehab TOTAL SOURCES 21,144,970 $

• Uses

Acquisition Cost

• $
• Mortgage

Payable to NJHMFA 2,876,179 $

• Hard

Cost Building 5,209,264 $

• Hard

Costs Remediation 2,865,110 $

• Soft

Costs 1,930,703 $

• TOTAL

USES 12,881,255 $

• Net

Proceeds at Closing 8,263,715 $

• Intial

Fund Equity 8,626,454 $