ALPHA PSI CHAPTER OF THETA XI FRATERNITY
Our Plan for Alpha Psi
Estimated Project Cost:
Estimated construction cost of the new 13,500 sq. ft. house $2,280,000
Total purchase for both 1601 and 1603 Pine Street locations from Dale Wands $349,000
Fees, contingencies, closing costs, permits $640,000
FFE 10% of building costs $228,000
Current HELOC loan debt $100,000
Total Project Cost $3,597,000
Fundraising goal to secure loan from Phelps County Bank of Rolla $968,000
Mortgage from Phelps County Bank of Rolla $2,629,000
