Financial Overview
Acquisition, Loans & Debt
We have already contributed $300,000 as a down payment to secure the camp. The complete acquisition cost and the necessary loan repayments are detailed in the table below.
Item | Amount | Notes / Terms |
Purchase Price + Closing Costs (~25k) | $1,525,000 | Land & property acquisition |
Down Payment / Initial Funds Applied | (-) $475,000 | Funds already raised and applied toward purchase |
Net Acquisition Cost / Loan Base | $1,050,000 | Amount to be financed or covered |
Loan #1 | $100,000 | 0% interest, Payoff: 2.5-3 years |
Loan #2 | $200,000 | 5% interest, Payoff: 2.5-3 years |
Loan #3 | $750,000 | 10.5% interest, monthly payment is ~$7,340 |
Total Debt / Loan Obligation | $1,050,000 |
Capital & Operating Reserves
The table below outlines the high-level capital and reserve requirements for making the property operational and sustainable.
Item | Amount | Notes / Purpose |
Estimated Repair Costs | $575,000 | Brings property to usable condition |
Operating and contingency reserve. | $375,000 | Support for early operations includes marketing and unexpected costs for the new camp. |
Total Additional Needs Beyond Loan | $775,000 | Additional funds required beyond the home loan debt. |