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Silver Lake Village 8 -Oct -08 <br />Sales andAva_ ilability Update <br />Total Units <br />Units Available <br />Units Sold <br />Pending Sales <br />Units Closed Year -to -Date (inc. pending) <br />Units Reserved or Under Contract <br />Project updates: <br />The Cottages at Silver Lake Village <br />Village Condominiums at Silver Lake Village <br />Summerhill of St. Anthony (Co-op) <br />Number 4 15 <br />Value $1,136,494 $4,255,370 <br />Number 1 5 26 <br />Value $260,775 $1,227,100 <br />4 sales closed or pending year-to-date. <br />All structures are now constructed, <br />15 sales closed or pending year-to-date, <br />Project launched in spring 2008 <br />26 reservation"ubscriptions taken since June 2008 <br />Construction documents (80%) now complete. <br />Pre -approval for HUD financing in place. <br />70 subscriptions required prior to closing. <br />M <br />Cottages <br />Condos <br />Co-op <br />Number <br />26 <br />130 <br />100 <br />Value <br />$6,609,851 <br />$37,094,757 <br />$24,000,000 <br />Number <br />9 <br />17 <br />100 <br />Value <br />$2,021,947 <br />$4,537,400 <br />$24,000,000 <br />Number <br />15 <br />106 <br />Value <br />$4,327,130 <br />$30,771,782 <br />Number <br />1 <br />2 <br />Value <br />$264,000 <br />$558,475 <br />Number 4 15 <br />Value $1,136,494 $4,255,370 <br />Number 1 5 26 <br />Value $260,775 $1,227,100 <br />4 sales closed or pending year-to-date. <br />All structures are now constructed, <br />15 sales closed or pending year-to-date, <br />Project launched in spring 2008 <br />26 reservation"ubscriptions taken since June 2008 <br />Construction documents (80%) now complete. <br />Pre -approval for HUD financing in place. <br />70 subscriptions required prior to closing. <br />M <br />