CATHEDRAL HEIGHTS
SITE DEVELOPMENT & VICINITY MAP

    CLUSTER      ---             7
    UNIT NO        ---           57
    UNIT TYPE    ---            2BR-E
    AREA, SQM    ---           186
    AREA, SQ.FT.  ---           2,001.36
    PRICE/SQM    ---            60,000.00
    UNIT PRICE     ---           11,160,000.00
    EVAT    12%      ---        1,339,200.00
    TOTAL CONTRACT PRICE, w/EVAT      ---          12,499,200.00
    20% DP, w/full EVAT                ---       3,571,200.00
             less RESERVATION          ---      100,000.00
    20% DP, NET OF RESERVE           ---           3,471,200.00
            DP PER MONTH, 6 Months     ---           578,533.33

    80% BALANCE, payable as follows:      ---          8,928,000.00

    A. IN-HOUSE. Monthly Amortization                
              1. 1 yr @zero interest        --        744,000.00
    2. 2 yrs  @6% per year  ( 0.04432061)    ---      395,694.41
    3. 3  yrs@8% per year   (0.0313363655) ---     279,771.07

    B. BANK FINancing: At bank rates