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ProCash, an Economic Model for Income Properties

Ownership of Equity Interests

Ownership of the project can be assigned in the simplest way by assigning decimal values to AVI[83], AVI[84], and AVI[85] to give partnership interests to the developer, the lender, and the investor respectively. The total of these three decimals must add to 1.

If there are more than three entities sharing ownership, or if tax losses or residual values are to be shared in different proportions, then the input array ENT must be used. ENT is a matrix with as many rows as there are to be entities represented. Entities 1 through 5 traditionally have particular meaning in the use of ProCash©. (1=developer; 2=lender; 3=investor; 4=construction lender; 5=public sector). (Also see "Participant Roles and Criteria").

inputdescriptionhelp#importancefrequency
AVI[83]Developers share of ownership 626  4
AVI[85]Investors share of ownership 626  4
AVI[84]Lenders share of ownership 626  3
ENT[;1]Prtnr Share & Criteria: Dist.of tax deduct's during const 626  1
ENT[;2]Prtnr Share & Criteria: Dist.of annual taxable income 626  1
ENT[;3]Prtnr Share & Criteria: Dist.of residual values 626  1
ENT[;7]Prtnr Share & Criteria: Dist.of surplus cash flow 626  1

viewtypecase studyviewfile sizecomplexityhelp#comment
InputsShopping Center Illustration(entity roles) 4193 104 626 
601 Liberty St. (office)(entity roles) 4283 109 626 
Brandon Villas of Tampa (market housing)(entity roles) 4262 126 626 
Belle Glade 72 Units Deal A(entity roles) 4433 130 626 
601 Liberty St., Hotel Joint Venture(entity roles) 4587 131 626 
Spring Valley Hotel(entity roles) 4513 132 626 
Demo Mixed Use Facility(entity roles) 4340 145 626 
Tower Point Apartments (demo)(entity roles) 4681 157 626 
Tower Point Apartments (detail)(entity roles) 4683 157 626 
Windsong Housing Associates : LIHTC(entity roles) 7449 375 626 
BHP II Limited Partnership : LIHTC(entity roles) 7472 398 626 

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