2009 fundraising

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Monthly fundraising goals to meet EcoReality's financial needs:

We will need to raise close to $53,500 per month in order to meet this goal if we were to begin in August 2009.

Aug 2009: $53,500

Sept 2009: $53,500

Oct 2009: $53,500

Nov 2009: $53,500

Dec 2009: $53,500

Jan 2010: $53,500

Feb 2010: $53,500

March 2010: $53,500

April 2010: $53,500

May 2010: $53,500

June 2010: $53,500

July 2010: $53,500

Aug 2010: $53,500

Sept 2010: $53,500

Oct 2010: $53,500

TOTAL: $802,500


Possible mortgage scenarios if we were unable to raise the balloon payment:

The payment calculations are based upon the following terms:

6% interest (this rate is just an example and will vary greatly according to when we originate a loan and what terms we choose)

compounded twice per year

fully ammortized


$100K: 15 years- $840, 20 years- $713, 25 years- $640

$200K: 15 years-$1680, 20 years-$1425, 25 years-$1280

$300K: 15 years-$2520, 20 years-$2137, 25 years-$1920

$400K: 15 years-$3360, 20 years-$2849, 25 years-$2560

$500K: 15 years-$4200, 20 years-$3561, 25 years-$3200

$600K: 15 years-$5040, 20 years-$4274, 25 years-$3839

$700K: 15 years-$5880, 20 years-$4986, 25 years-$4479

$800K: 15 years-$6720, 20 years-$5698, 25 years-$5119

In considering a mortgage as an option, we must consider that (to my knowledge) we were actually turned down by every lender we previously approached before coming to the current arrangement. We would need to determine what would change our eligibility status this time. --Osha 21:27, 5 July 2009 (UTC)

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