Radiance Assisted Living
Soft Costs
	ARCHITECTURAL FEES - 1.5%
		feasibility study	2,000	90,000
		construction documents	17,000	765,000
		construction supervision & arch details	50,000	2,250,000
	ENGINEERING FEES			-
		structural engineering - 1%	46,440	2,089,800
		mechanical engineering - 0.3%	13,932	626,940
		electrical engineering - 0.3%	13,932	626,940
		energy & acoustical evaluation - 0.3%	13,932	626,940
	PERMITS:			-
		Use permit	1,000	45,000
		MUP sign	1,000	45,000
		Building permit	1,000	45,000
	LEGAL  fees:			-
		Purchase & ownership documents	3,000	135,000
	ACCOUNTING fees		1,000	45,000
	BUYOUT leases		1,500	67,500
	PLAN & FEASIBILITY STUDY			-
		writing prospectus and plan	5,000	225,000
		advertising & marketing	50,000	2,250,000
	COST ESTIMATOR		1,000	45,000
	OFFICE EXPENSES		10,000	450,000
	PROJECT MANAGEMENT			-
		construction & project manager - 1.5%	70,000	3,150,000
	CLOSING COSTS		10,000	450,000
	CASH NEEDED TO CARRY UNSOLD UNITS		40,000	1,800,000
	ACCRUED INTEREST ON LOANS		200,000	9,000,000
	LOAN FEE		4,000	180,000
	INSURANCE		10,000	450,000
	TAXES		20,000	900,000
	DEVELOPER OR INVESTOR FEES		15,000	675,000
	RESERVE FUND FOR FUTURE		50,000	2,250,000
				-
			650,736	29,283,120
		say	700,000	31,500,000