| Year 1 Proforma NOI: |
| $ 1,307,629 |
| Year 1 NOI Yield: |
| 7,93% |
| Year 2 Proforma NOI: |
| $ 1,529,829 |
| Year 2 NOI Yield: |
| 9,27% |
| Mortgage Financing: |
| 1st Mortgage in Favor of Mutual Life Outstanding Principal Amount: $ 4,771,009 (as at May 1 / 2000 ) Rate: 7,50% Expiry Date: November 1, 2000 Monthy Payment: $ 42,425,11 |
| 5 and 10 year projected NOI: |
 Ending June 30, 2001 |