The Campaign for Colorado Gamma
Third Floor
PROJECT ESTIMATE
Design and Construction
$1,819,000
Contingency$91,000
Fundraising Campaign
$90,000
FF&E Allowance
$100,000
Total Project Cost
$2,100,000
Real Estate Operations Income
Chapter Rent Paid to House Corporation
($50,000-$70,000 per year depending on occupancy)
Project Cost Resolution
Total Project Cost
Red Door House Corporation Reserves
Colorado Gamma Chapter Investment Fund
20-Year First Mortgage with SigEp National Housing or Local Lender
Campaign for Colorado Gamma Capital Fundraising
$2,100,000
($400,000)
($98,000)
($352,000)
($1,250,000)
Net$0
Short-term lending will be employed to cover campaign pledges scheduled for receipt after 2014
(expected to be less than 40% of total funds raised).
Fourth Floor
