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Loan Payments Cancelled ChecksLOAN PAYMENTS CANCELLED CHECKS Page 1 of I Ilt 20 000 28 2, 14 six, https:llicid.wachovia.conilwebapplicid_applservletITitanium?action--ICIDRequest&dataT... 3/25/2009 dp, rl https:llicid.wachovia.conilwebapplicid_applservletITitanium?action--ICIDRequest&dataT... 3/25/2009 - 2320 MIAMI, MARK MARK RIMLALN PROPERTIES, IN Number_ 2320 wwc"Ovu Nov 24, 2008 DB /A SOUTH DilAW PAREJNG GARA 5829 SW 73 STREET, SUITE 1 63- 643/670 Memo: SOUTH MIAMI, FL 33143 ! DATE 125847.44 AMOUNT Account Date Amount Serial Number Sequence Status 000002000028261489 12/2/2008 $125,847.44 000000000002320 00000000000558808810 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 8 One Hundred Twenty -Five Thousand Eight Hundred Forty- .Seven and 441100 Dollars PAY CITY OF SOUTH MIAMI { X... ToTHe . . ORDER OF a 4, � rP li'OD 23 2Du' '�ior or t.3 21: 20000 28 26 it-s- goof] 125B4741'a" • .Z7 Cn y fir "` r yy60 C5 QI vyDO G�J �.wLA toClCyD'���. Cos •c Account Date Amount Serial Number Sequence Status 000002000028261489 12/2/2008 $125,847.44 000000000002320 00000000000558808810 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 2295 MIAMI, NURK RICIDLAN PROPERTIES, IV Number. 2295 tlnc7rU�'L� Oct 23, 2008 DB /A SOUTIi MIAMI PARKING GAR: �tV 3 5829 SW 73 STREET, SUITE 1 67.641670 Memo. SOUTH 111AMI. FL 33143 DATE 187709.20 AMOUNT qq UJ One Hundred Eighty -Seven Thousand Seven Hundred Nine and 20/100 Dollars PAY TO THE CITY OF SOUTH MIAMI ORDER ....... _..... .._ . OF a?'. 1500229500 $:06 70064 3 21: 20000 26 26 1413911' 1"00 18 7 709 20.0 0838656723 n 102 E3200 8 `" - 0630--0019 -9 — ► -- �, 1 n EXT =1571 TRC= 1562-PK =11 DOAp §2 _N aN pA ,, E;y C 1 " ©0 7' j f CA C3 m7�m yo G `7 r+ r � O —�oC' >0670@5G7 7/ C: A�i rW T37 Ln b. °� Account Date Amount Serial Number Sequence Status 000002000028261489 10/28/2008 $187,709.20 000000000002295 00000000001730033015 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 -t_ r.• rY —rr - ;r.q .- rm�. 2227 heck Number: 2226 CM M�', Aug 12, 2008 MARK RIC1E1� AN PROPERTIES, LNE. WAt J1uvLt D/B /A SOUTU MM-NIl PARKING GARAGE j Memo. 5829 SW 73 STI ur.SUITE I 63643670 I SOUTH MIAMI, FL 33143 355873.78 ; I , I DATE AMOUNT A F LJ Three Hundred Fifty -Five Thousand Eight Hundred Seventy -Three and 78/100 Dollars PAY CITY OF SOUTH MIAMI 2 TO THE OF ~\ u'00222 ?11' i:06 70064321:200002826kLB911' 1000355a ?3 ?8..' Account Date Amount Serial Number Sequence Status 000002000028261489 8/2512008 $355,873.78 000000000002227 00000000001730780804 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 y cl N O � TOO�DO COn' 1mv r-..., aoC*j o x . �� 0^839173•�551 Q`1 N c� ; `� ; .� ° C N Wr 02 a. W i ; 0`67 • FK =1 1 i - 2143 Ei' MFMt, MARK RICHItiIAN PROPERTIES, C. Number. 2143 �'�H��0viL May 23, 2008 DB /A SOUTH NIL"1I PARK IIG GA ` t 5829 SW 73 STREET, SUITE 1 63- 643870 a Memo: SOUTH MIAMI, FL 33143 i DATE 105758.40 AMOUNT 8 One Hundred Five Thousand Seven Hundred Fifty -Eight and 401100 Dollars PAY TO THE CITY OF SOUTH MIAMI '€€ ORDER.. .. ... OF v r, l tip 4, -: r . r ten- •��� 11400 2 L43t+' 1:06700611,3 21: 20000 28 26 1489111' .1'00 1057584011' 0534198211 0529200B 0630- 0019 -9 ENT =0783 TRC= 0755 04 — PP002 — 002 3u0l:F0 PK =S 1 W Account Date Amount Serial Number Sequence Status Zr- -n o ; ry��Mg:. =« Orj U. 0011 iOC•IQ -nji s 000002000028261489 5/29/2008 $105,758.40 000000000002143 00000000003037181519 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 n: .ti N Serial Number Sequence Status Zr- -n o ; ry��Mg:. =« Orj U. 0011 iOC•IQ -nji s 000002000028261489 5/29/2008 $105,758.40 000000000002143 00000000003037181519 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 •- - --• ran sEcwrrwlPOa "TwooR=OinacocumfxTmaA"wcr4ow wo MARK RICHMAN PROPERTIES, INC. 03-6+3WO 1079 CONSTRUCTION ACCOUNT I&WO N.E.5th Ave., 2nd Floor r-7 North Miami Beach, FL 33179 L .2 0 (/,\' DATE P +o c1tE A V v� V r OHDE6 OF � % �ZL 1�—�--12 50,�— A-U�DOLW wACHOM MIMI& MEMO: 6V / - I At7i/10RViO SIGNATURE 0000 10 7911, 1:06700643 21:20000 28 268547tia .''oo ioti 760o0o' z. ......... ij- i•.= i�� �iwVj �Y.1rS? � �} L� �7. EX7 = ,1.261 7R%— 1276 PY.-09 ,�•.• :-'',� �'- Account Date Amount Serial Number , Sequence Status 000002000028268547 4/4/2007 $104,760.00 000000000001079 00000000003035677348 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 • IffMIC K46KMO KWUMM5 114C. 099 woo $344W670 N Mjkmt DATE PAY To THE $ ORDER OF 2— DOLLARS... 9 hdo WACHOVIA Wadwo Beek. NA. fte*� FOR—&W�� o0000990 1:06700611,321:2000026261489111 Of 013.0740853 ",--f0202006 e1916 PK=08 -0 aO-F06 - ? Account Date Amount Serial Number Sequence Status 000002000028261489 10/20/2006 $58,680.00 000000000000099 00000000003039567373 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 ............ 0 � 00 c 6b OMV p No m rn 01 0-4 zweong 0 C 's C- C, CI Serial Number Sequence Status 000002000028261489 10/20/2006 $58,680.00 000000000000099 00000000003039567373 Posted Items Wachovia Bank, N.A. certifies that the above image is a true and exact copy of the original item issued by the named customer, and was produced from original data stored in the archives of Wachovia Bank, N.A. or its predecessors. Page 1 ............ 0 � 00 c 6b OMV p No m rn 01 0-4 zweong 0 ANNUAL STATEMENT Current Assets CASH IN OPERATING ACCOUNT DUE FROM SECURITY VALET, INC. DUE FROM TENANTS Total Current Assets Property and Equipment LAND TENANTIMPROVEMENTS SIGNS & AWNINGS GARAGE EQUIPMENT FURNITURE & EQUIPMENT PARKING GARAGE STRUCTURE LESS: ACCUM DEPRECIATION Total Property and Equipment Other Assets NOTE RECEIVABLE - M RICHMAN LEASE ACQUISITION COSTS ACC AMORT - LEASE ACQ COSTS LOAN COSTS ACC AMORTIZ - LOAN COSTS UTILITY DEPOSITS Total Other Assets Total Assets Current Liabilities SALES TAX PAYABLE NOTE PAY - PREMIUM ASSIGN COR TENANT'S SECURITY DEPOSITS Total Current Liabilities Long -Term Liabilities MORTG PAY - CITY S MIAMI MORTG PAY - CITY S MIAMI NOTE PAYABLE - BHC VIII, INC Total Long -Term Liabilities Total Liabilities Capital CAPITAL STOCK ACCUM ADJ ACCOUNT (AAA) Net Income Total Capital Total Liabilities & Capital MARK RICHMAN PROPERTIES, INC. Balance Sheet December 31, 2008 ASSETS $ 2,197.38 63,959.96 3,396.86 256,985.60 371,890.83 107,314.33 146,944.21 102,006.09 12,030,695.33 (335,479.07) 69,554.20 12,680,357.32 363,254.81 261,865.68 (21,481.16) 70,074.00 (14,641.62) 5,829.00 664,900.71 $ 13,414,812.23 LIABILITIES AND CAPITAL $ 13,240.62 24,389.28 99,803.17 137,433.07 2,239,095.50 8,597,598.72 2,971,000.00 13,807,694.22 13,945,127.29 100.00 (150,712.87) (379,702.19) (530,315.06) $ 13,414,812.23 Unaudited - For Management Purposes Only MARK RICHMAN PROPERTIES, INC. Income Statement For the Twelve Months Ending December 31, 2008 For Management Purposes Only Current Quarter Year to Date Revenues RENTAL INCOME $ 179,386.27 46.67 $ 439,250.53 39.83 TENANT CAM REIMBURSEMENTS 63,937.40 16.63 222,386.54 20.16 PARKING REVENUE 86,243.19 22.44 292,345.77 26.51 MONTHLY PARKING REVENUE 15,030.00 3.91 52,876.90 4.79 VALET PARKING REVENUE 10,848.00 2.82 58,197.00 5.28 ADVERTISING REVENUE 4,458.65 1.16 12,597.15 1.14 INTEREST & DIVIDEND INCOME 24,385.44 6.34 24,646.20 2.23 MISCELLANEOUS INCOME 90.00 0.02 574.00 0.05 Total Revenues 384,378.95 100.00 1,102,874.09 100.00 Gross Profit 384,378.95 100.00 1,102,874.09 100.00 Expenses ACCOUNTING FEES 0.00 0.00 775.00 0.07 ADVERTISING EXPENSES 811.58 0.21 6,496.59 0.59 ALARM MONITORING 802.50 0.21 3,477.50 0.32 ALARM REPAIRS & MAINTENANCE 257.17 0.07 1,465.09 0.13 AMORTIZATION EXPENSE 3,760.92 0.98 15,043.68 1.36 AUTO EXPENSES 156.97 0.04 326.50 0.03 CREDIT CARD FEES 1,999.91 0.52 10,591.86 0.96 DEPRECIATION EXPENSE 79,500.00 20.68 318,000.00 28.83 DONATIONS 650.00 0.17 650.00 0.06 ENTERTAINMENT & PROMOTIONS 752.11 0.20 1,614.41 0.15 INSURANCE EXPENSE 34,713.13 9.03 39,592.98 3:59 INTEREST EXPENSE 373,713.99 97.23 731,146.17 66.29 LAND LEASE 18,999.00 4.94 82,329.00 7.46 LANDSCAPE MAINTENANCE 1,098.35 0.29 5,793.55 0.53 OFFICE EXPENSE 1,158.13 0.30 3,670.14 0.33 PARKING MACHINES MONITORING 990.00 0.26 3,630.00 0.33 ELEVATOR REPAIRS & MAINTENA 1,236.00 0.32 7,627.59 0.69 COMMON AREA MAINT SUPPLIES 1,146.27 0.30 3,769.17 , 0.34 SURVEILLANCE & AUDIO EXPENSE 200.00 0.05 625.00 0.06 GARAGE MAINT & REPAIRS 720.00 0.19 1,796.49 0.16 GARAGE SUPPLIES 779.06 0.20 2,255.60 0.20 REPAIR SUPPLIES 970.92 0.25 5,373.35 0.49 PAYROLL 17,036.27 4.43 84,062.77 7.62 PENALTIES AND FINES 1,010.00 0.26 7,810.00 0.71 SATELLITE TV 94.89 0.02 347.93 0.03 STATIONERY & PRINTING 711.96 0.19 3,708.76 0.34 TAXES - PAYROLL 108.12 0.03 7,164.21 0.65 TAXES - PROPERTY (1,927.00) (0.50) 31,858.35 2.89 TAXES & LICENSES 34.73' 0.01 749.03 0.07 TELEPHONE EXPENSES 1,209.27 0.31 5,385.30 0.49 TELEPHONE - ELEV /ALARM 772.74 0.20 3,394.72 0.31 UTILITIES - WATER 107.37 0.03 243.25 0.02 UTILITIES - ELECTRIC 6,142.41 1.60 .32,942.77 2.99 VENDING MACHINE EXPENSES 0.00 0.00 634.64 0.06 WASTE REMOVAL 16,432.65 4.28 58,224.88 5.28 Total Expenses 566,149.42 147.29 1,482,576.28 134.43 Net Income $ (181,770.47) (47.29) $ (379,702.19) (34.43) For Management Purposes Only QUARTERLY STATEMENTS Current Assets CASH IN INVESTMENT ACCOUNT $ CASH IN OPERATING ACCOUNT DUE FROM SECURITY VALET, INC. EMPLOYEE ADVANCES Total Current Assets Property and Equipment LAND TENANT IMPROVEMENTS SIGNS & AWNINGS GARAGE EQUIPMENT FURNITURE & EQUIPMENT PARKING GARAGE STRUCTURE LESS: ACCUM DEPRECIATION Total Property and Equipment Other Assets NOTE RECEIVABLE - M RICHMAN LEASE ACQUISITION COSTS ACC AMORT - LEASE ACQ COSTS LOAN COSTS ACC AMORTIZ - LOAN COSTS UTILITY DEPOSITS Total Other Assets Total Assets Current Liabilities PAYROLL TAXES PAYABLE $ SALES TAX PAYABLE NOTE PAY - PREMIUM ASSIGN COR TENANT'S SECURITY DEPOSITS Total Current Liabilities Long -Term Liabilities MORTG PAY - CITY S MIAMI MORTG PAY - CITY S MIAMI NOTE PAYABLE - BHC VIII, INC Total Long -Term Liabilities Total Liabilities Capital CAPITAL STOCK ACCUM ADJ ACCOUNT (AAA) RETAINED EARNINGS Net Income Total Capital Total Liabilities & Capital MARK RICHMAN PROPERTIES, INC. Balance Sheet March 31, 2008 ASSETS 14,614.54 14,320.73 16,897.06 1,500.00 47,332.33 256,985.60 161,070.00 91,420.44 87,570.07 92,559.35 11,827,641.74 (96,979.07) 12,420,268.13 502,125.00 144,803.81 (11,887.79) 67,574.00 (12,952.23) 2,600.00 692,262.79 $ 13,159,863.25 LIABILITIES AND CAPITAL 3,419.68 3,984.58 34,067.88 90,711.67 132,183.81 2,287,008.00 8,037,246.22 2,846,000.00 13,170,254.22 13,302,438.03 100.00 (150,712.87) 153.52 7,884.57 (142,574.78) $ 13,159,863.25 Unaudited - For Management Purposes Only For Management Purposes Only MARK RICHMAN PROPERTIES, INC. Income Statement For the Three Months Ending March 31, 2008 Current Quarter Year to Date Revenues RENTAL INCOME $ 60;640.02 32.82 $ 60,640.02 32.82 TENANT CAM REIMBURSEMENTS 33,737.10 18.26 33,737.10 18.26 PARKING REVENUE 63,285.61 34.25 63,285.61 34.25 MONTHLY PARKING REVENUE 11,000.38 5.95 11,000.38 5.95 VALET PARKING REVENUE 14,063.00 7.61 14,063.00 7.61 ADVERTISING REVENUE 1,800.00 0.97 1,800.00 0.97 INTEREST & DIVIDEND INCOME 130.93 0.07 130.93 0.07 MISCELLANEOUS INCOME 94.50 0.05 94.50 0.05 Total Revenues 184,751.54 100.00 184,751.54 100.00 Gross Profit 184,751.54 100.00 184,751.54 100.00 Expenses ADVERTISING EXPENSES 3,369.76 1.82 3,369.76 1.82 ALARM MONITORING 535.00 0.29, 535.00 0.29 AMORTIZATION EXPENSE 3,760.92 2.04 3,760.92 2.04 CREDIT CARD FEES 2,724.35 1.47 2,724.35 1.47 DEPRECIATION EXPENSE 79,500.00 43.03 79,500.00 43.03 INSURANCE EXPENSE 387.08 0.21 387.08 0.21 OFFICE EXPENSE 942.11 0.51 942.11 0.51 ELEVATOR REPAIRS & MAINTENA 1,207.59 0.65 1,207.59 0.65 COMMON AREA MAINT SUPPLIES 27.55 0.01 27.55 0.01 GARAGE SUPPLIES' 139.99 0.08 139.99 0.08 REPAIR SUPPLIES 1,279.73 0.69 1,279.73 0.69 PAYROLL 22,572.00 12.22 22,572.00 12.22 SATELLITE TV 63.26 0.03 63.26 0.03 STATIONERY & PRINTING 1,370.79 0.74 1,370.79 0.74 TAXES - PAYROLL 2,439.12 1.32 2,439.12 1.32 TAXES - PROPERTY 33,785.35 18.29 33,785.35 18.29 TAXES & LICENSES 329.30 0.18 329.30 0.18 TELEPHONE EXPENSES 1,932.97 1.05 1,932.97 1.05 TELEPHONE - ELEV /ALARM 1,072.35 _ 0.58 1_1072.35 0.58 UTILITIES - ELECTRIC 8,738.10 4.73 8,738.10 4.73 WASTE REMOVAL 10,689.65 5.79 10,689.65 5.79 Total Expenses 176,866.97 95.73 176,866.97 95.73 Net Income $ 7,884.57 4.27 $ 7,884.57 4.27 For Management Purposes Only Current Assets CASH IN INVESTMENT ACCOUNT $ CASH IN OPERATING ACCOUNT DUE FROM SECURITY VALET, INC. EMPLOYEE ADVANCES Total Current Assets Property and Equipment LAND TENANT IMPROVEMENTS SIGNS & AWNINGS GARAGE EQUIPMENT FURNITURE & EQUIPMENT PARKING GARAGE STRUCTURE LESS: ACCUM DEPRECIATION Total Property and Equipment Other Assets NOTE RECEIVABLE - M RICHMAN LEASE ACQUISITION COSTS ACC AMORT - LEASE ACQ COSTS LOAN COSTS ACC AMORTIZ - LOAN COSTS UTILITY DEPOSITS Total Other Assets Total Assets Current Liabilities PAYROLL TAXES PAYABLE $ SALES TAX PAYABLE NOTE PAY - PREMIUM ASSIGN COR W /COMP PAYABLE TENANT'S SECURITY DEPOSITS Total Current Liabilities Long -Term Liabilities MORTG PAY - CITY S MIAMI MORTG PAY - CITY S MIAMI NOTE PAYABLE - BHC VIII, INC Total Long -Term Liabilities Total Liabilities Capital CAPITAL STOCK ACCUM ADJ ACCOUNT (AAA) Net Income Total Capital Total Liabilities & Capital MARK RICHMAN PROPERTIES, INC. Balance Sheet June 30, 2008 ASSETS 14,696.16 112,297.81 33,493.06 500.00 160,987.03 256,985.60 178,170.00 103,057.54 119,802.61 100,965.00 12,031,085.33 (176,479.07) 12,613,587.01 502,125.00 208,759.31 (15,085.58) 70,074.00 (13,515.36) 5,829.00 758,186.37 $ 13,532,760.41 LIABILITIES AND CAPITAL 117.35 4,188.01 17,033.94 2,584.00 97,889.17 121,812.47 2,239,095.50 8,737,246.22 2,646,000.00 13,622,341.72 13,744,154.19 100.00 (150,712.87) (60,780.91) (211,393.78) $ 13,532,760.41 Unaudited - For Management Purposes Only For Management Purposes Only MARK RICHMAN PROPERTIES, INC. Income Statement For the Six Months Ending June 30, 2008 Current Quarter Year to Date Revenues RENTAL INCOME $ 60,640.02 32.29 $ 121,280.04 32.55 TENANT CAM REIMBURSEMENTS 33,737.10 17.96 67,474.20 18.11 PARKING REVENUE 62,540.33 33.30 125,825.94 33.77 MONTHLY PARKING REVENUE 12,160.41 6.48 23,160.79 6.22 VALET PARKING REVENUE 16,396.00 8.73 30,459.00 8.18 ADVERTISING REVENUE 2,040.00 1.09 3,840.00 1.03 INTEREST & DIVIDEND INCOME 81.62 0.04 212.55 0.06 MISCELLANEOUS INCOME 205.50 0.11 300.00 0.08 Total Revenues 187,800.98 100.00 372,552.52 100.00 Gross Profit 187,800.98 100.00 372,552.52 100.00 Expenses ADVERTISING EXPENSES 1,374.35 0.73 4,744.11 1.27 ALARM MONITORING 1,337.50 0.71 1,872.50 0.50 ALARM REPAIRS & MAINTENANCE 722.74 0.38 722.74 0.19 AMORTIZATION EXPENSE 3,760.92 2.00 7,521.84 2.02 AUTO EXPENSES 95.03 0.05 95.03 0.03 CREDIT CARD FEES 2,549.41 1.36 5,273.76 1.42 DEPRECIATION EXPENSE 79,500.00 42.33 159,000.00 42.68 ENTERTAINMENT & PROMOTIONS 796.30 0.42 796.30 0.21 INSURANCE EXPENSE 3,227.00 1.72 3,614.08 0.97 INTEREST EXPENSE 57,845.90. 30.80 57,845.90 15.53 LAND LEASE 37,998.00 20.23 37,998.00 10.20 LANDSCAPE MAINTENANCE 2,995.55 1.60 2,995.55 0.80 OFFICE EXPENSE 972.77 0.52 1,914.88 0.51 PARKING MACHINES MONITORING 1,980.00 1.05 1,980.00 0.53 ELEVATOR REPAIRS & MAINTENA 3,198.00 1.70 4,405.59 1.18 COMMON AREA MAINT SUPPLIES 2,116.41 1.13 2,143.96 0.58 SURVEILLANCE & AUDIO EXPENSE 425.00 0.23 425.00 0.11 GARAGE MAINT & REPAIRS 391.87 0.21 391.87 0.11 GARAGE SUPPLIES 855.96 0.46 995.95 0.27 REPAIR .SUPPLIES 3,122.70 1.66 4,402.43 1.18 PAYROLL 22,914.75 12.20 45,486.75 12.21 SATELLITE TV 94.89 0.05 158.15 0.04 STATIONERY & PRINTING 526.53 0.28 1,897.32 0.51 TAXES - PAYROLL 1,819.76 0.97 4,258.88 1.14 TAXES - PROPERTY 0.00 0.00 33,785.35 9.07 TAXES & LICENSES 310.00 0.17 639.30 0.17 TELEPHONE EXPENSES 1,085.07 0.58 3,018.04 0.81 TELEPHONE - ELEV /ALARM 775.65 0.41 1,848.00 0.50 UTILITIES - WATER 84.15 0.04 84.15 0.02 UTILITIES - ELECTRIC 9,005.97 4.80 17,744.07 4.76 VENDING MACHINE EXPENSES 634.64 0.34 634.64 0.17 WASTE REMOVAL 13,949.64 7.43 24,639.29 6.61 Total Expenses 256,466.46 136.56 433,333.43 116.31 Net Income $ (68,665.48) (36.56) $ (60,780.91) (16.31) For Management Purposes Only Current Assets CASH IN OPERATING ACCOUNT DUE FROM SECURITY VALET, INC. DUE FROM TENANTS EMPLOYEE ADVANCES Total Current Assets Property and Equipment LAND TENANT IMPROVEMENTS SIGNS & AWNINGS GARAGE EQUIPMENT FURNITURE & EQUIPMENT PARKING GARAGE STRUCTURE LESS: ACCUM DEPRECIATION Total Property and Equipment Other Assets NOTE RECEIVABLE - M RICHMAN LEASE ACQUISITION COSTS ACC AMORT - LEASE ACQ COSTS LOAN COSTS ACC AMORTIZ - LOAN COSTS UTILITY DEPOSITS Total Other Assets Total Assets Current Liabilities PAYROLL TAXES PAYABLE SALES TAX PAYABLE W /COMP PAYABLE TENANT'S SECURITY DEPOSITS Total Current Liabilities Long -Term Liabilities MORTG PAY - CITY S MIAMI MORTG PAY - CITY S MIAMI NOTE PAYABLE - BHC VIII, INC Total Long -Term Liabilities Total Liabilities Capital CAPITAL STOCK ACCUM ADJ ACCOUNT (AAA) Net Income Total Capital Total Liabilities & Capital MARK RICHMAN PROPERTIES, INC. Balance Sheet September 30, 2008 ASSETS $ 118,629.66 50,486.05 70.22 550.00 256,985.60 324,459.94 105,291.15 128,711.10 100,965.00 12,030,695.33 (255,979.07) 516,869.37 261,865.68 (18,283.37) 70,074.00 (14,078.49) 5,829.00 169,735.93 12,691,129.05 822,276.19 $ 13,683,141.17 LIABILITIES AND CAPITAL $ 1,235.63 14,568.74 1,938.00 97,889.17 2,239,095.50 8,680,958.72 2,996,000.00 100.00 (150,712.87) (197,931.72) 115,631.54 13,916,054.22 14,031,685.76 (348,544.59) $ 13,683,141.17 Unaudited - For Management Purposes Only For Management Purposes Only MARK RICHMAN PROPERTIES, INC. Income Statement For the Nine Months Ending September 30, 2008 Current Quarter Year to Date Revenues RENTAL INCOME $ 138,584.22 40.06 $ 259,864.26 36.17 TENANT CAM REIMBURSEMENTS 90,974.94 26.30 158,449.14 22.05 PARKING REVENUE 80,276.64 23.21 206,102.58 28.69 MONTHLY PARKING REVENUE 14,686.11 4.25 37,846.90 5.27 VALET PARKING REVENUE 16,890.00 4.88 47,349.00 6.59 ADVERTISING REVENUE 4,298.50 1.24 8,138.50 1.13 INTEREST & DIVIDEND INCOME 48.21 0.01 260.76 0.04 MISCELLANEOUS INCOME 184.00 0.05 484.00 0.07 Total Revenues 345,942.62 100.00 718,495.14 100.00 Gross Profit 345,942.62 100.00 718,495.14 100.00 Expenses ACCOUNTING FEES 775.00 0.22 775.00 0.11 ADVERTISING EXPENSES 940.90 0.27 5,685.01 0.79 ALARM MONITORING 802.50 0.23 2,675.00 0.37 ALARM REPAIRS & MAINTENANCE 485.18 0.14 1,207.92 0.17 AMORTIZATION EXPENSE 3,760.92 1.09 11,282.76 1.57 AUTO EXPENSES 74.50 0.02 169.53 0.02 CREDIT CARD FEES 3,318.19 0.96 8,591.95 1.20 DEPRECIATION EXPENSE 79,500.00 22.98 238,500.00 33.19 ENTERTAINMENT & PROMOTIONS 66.00 0.02 862.30 0.12 INSURANCE EXPENSE 1,265.77 0.37 4,879.85 0.68 INTEREST EXPENSE 299,586.28 86.60 357,432.18 49.75 LAND LEASE 25,332.00 7.32 63,330.00 8.81 LANDSCAPE MAINTENANCE 1,699.65 0.49 4,695.20 0.65 OFFICE EXPENSE 597.13 0.17 2,512.01 0.35 PARKING MACHINES MONITORING 660.00 0.19 2,640.00 0.37 ELEVATOR REPAIRS & MAINTENA 1,986.00 0.57 6,391.59 0.89 COMMON AREA MAINT SUPPLIES 478.94 0.14 2,622.90 0.37 SURVEILLANCE & AUDIO EXPENSE 0.00 0.00 425.00 0.06 GARAGE MAINT & REPAIRS 684.62 0.20 1,076.49 0.1.5 GARAGE SUPPLIES 480.59 0.14 1,476.54 0.21 REPAIR SUPPLIES 0.00 0.00 4,402.43 0.61 PAYROLL 21,539.75 6.23 67,026.50 9.33 PENALTIES AND FINES 6,800.00 1.97 6,800.00 0.95 SATELLITE TV 94.89 0.03 253.04 0.04 STATIONERY & PRINTING 1,099.48 0.32 2,996.80 0.42 TAXES - PAYROLL 2,797.21 0.81 7,056.09 0.98 TAXES - PROPERTY 0.00 0.00 33,785.35 4.70 TAXES & LICENSES 75.00 0.02 714.30 0.10 TELEPHONE EXPENSES 1,157.99 0.33 4,176.03 0.58 TELEPHONE - ELEWALARM 773.98 0.22 2,621.98 0.36 UTILITIES - WATER 51.73 0.01 135.88 0.02 UTILITIES - ELECTRIC 9,056.29 2.62 26,800.36 3.73 VENDING MACHINE EXPENSES 0.00 0.00 634.64 0.09 WASTE REMOVAL 17,152.94 4.96 41,792.23 5.82 Total Expenses 483,093.43 139.65 916,426.86 127.55 Net Income $ (137,150.81) (39.65) $ (197,931.72) (27.55) For Management Purposes Only PROPERTY TAXES Online Services - Online Image AGHOViA ONLINE IMAGE Wachovia Business On,l : Page 1 of 1 Account Number: 2000028261489 _ Check Number Amount Date Posted 2389 - -- $77,648.31 — ^-- -, —_ -- 03/04/2009 ! MA" PJCHt4i, N PROPERTI S, irk • Nur,: Zug �''r��+ � Feb 2a, 2"05 MtA SOUTH MW II Pil)�ILING 016 i WOW 73 WU.ETj SUITE I M t1a: 041 - r` Qhb% FL 31143 r :Yt-�T71'1'Y' �`fR "�1;Y , g'�F,'., {.Y. �x.�a iii : i � l �,..� .. t Y [1 4?i aI �, ADE 61 FIE" EST-i E How To Save This Image PC users Internet Explorer: Right -click on the check image, and choose "Save Picture As..." Others: Right -click on the check image, and choose "Save Image As..." MAC users Internet Explorer: Click & hold on the check image, and choose "Download Image to Disk." Others: Click & hold on the check image, and choose "Save this Image as..." Hide Instructions https:// icid .wachovia.com/webapp /icid_app /servlet /Titanium 3/25/2009 Jade County. Real Estate Tax Information Show Me: Property Taxes Search By: Select Item Detail Tax Information: Real Estate Tax Info 2008 Taxes Prior Years Taxes Due 2008 Ad Valorem 2008 Non -Ad Valorem 2008 Back Assessments 2008 Enterprise Folio 2_008 Historical Abatements 2009 Quarterly Payments 2008 Tax Notice /Memorandum © 2002 Miami -Dade County. All rights reserved. Real Estate Tax Information Today's Date: 03/26/2009 Last Update: 03/24/2009 Year: 2008 Folio Number: 09 40360220350 SOUTH MIAMI Owner's Name: CITY OF SOUTH MIAMI Property Address: Mailing Information : Legal Description CITY OF SOUTH MIAMI W A LARKINS PB 3 -198 6130 SUNSET DR PORT OFLOT 37 & 48 THRU 50 SO MIAMI FL LESS AIR RIGHTS 331435040 AKA 1 ST FLOOR RETAIL To view 2008 Tax Notice /Memorandum click here 2008 Taxes are in paid status. Amounts due are subject to change without notice. Page 1 of P s ` -: ; ` H I,AM 11- Dt�I�E Contact Information E -Mail: proptax@ miamidade.gov (305) 270 -4916 Downtown Office: 140 W Flagler St., Room 101 Miami, FL 33130 South Miami -Dade Office: 10710 SW 211 St, Room 104 Miami, FL 33189 Office Hours: Mon - Fri 8:00 am - 5:001 Related Links: Tax Collector Property Appraiser Florida State Dept of Revenue Property Tax Home I Real Estate Tax Info 12008 Taxes I Prior Years 12008 Non -Ad Valorem 2008 Back Assessments 12008 Enterprise Folio 12008 Historical Abatements 12009 Quarterly Payments I_ 2008 Tax Notice /Memorandum Miami -Dade Home I Using Our Site I About I Phone Directory I Privacy I Disclaimer E -mail your comments, questions and suggestions to Webmaster ,ittp:Hegvsys.miamidade.gov: 1608/wwwserv/ggvt/txcaw0l .dia ?folio= 0940360220350 3/26/200' Dade County. Real Estate Tax Information Page 1 of l iM IAMI -DADA .e. Show Me: .2008 REAL ESTATE PROPERTY TAXES Property Taxes NOTICE OF AD VALOREM TAXES AND NON -AD VALOREM ASSESSMENTS FOLIO NUMBER I MUNICIPALITY MILL CODE ASSESSED VALUE Search By: 09 40360220350 SOUTH MIAMI 0900 3,583,380 Select Item Owner's name &billing Property address: Exemptions: address: CITY OF SOUTH MIAMI NONE Detail Tax 6130 SUNSET DR Information: SO MIAMI FL Real Estate Tax Info 331435040 2008 Taxes Prior Years Taxes for a change of billing address form click here Due Ad Valorem Taxes 2008 Ad Valorem Taxing Authority Millage rate per $1,000 of Taxable Value Taxes Levied 2008 Non -Ad Valorem Miami -Dade School Board 2008 Back SCHOOL BOARD OPERATING 7.53300 3,583,380 26993.60 Assessments 2008 Enterprise Folio SCHOOL BOARD DEBT SERVICE 26400 3,583,380 946.01 2008 Historical State and others Abatements FLORIDA INLAND NAVIGATION DISTRICT .03450 3,583,380 123.63 2009 Quarterly_ SOUTH FLORIDA WATER MGMT DISTRICT .53460 3,583,380 1915.67 Payments EVERGLADES CONSTRUCTION PROJECT .08940 3,583,380 320.35 2008 Tax CHILDRENS TRUST AUTHORITY .42120 3,583,380 1509.32 Notice /Memorandum Miami -Dade County COUNTY WIDE OPERATING 4.83790 3,583,380 17336.03 COUNTY WIDE DEBT SERVICE .28500 3,583,380 1021.26 LIBRARY DISTRICT .38220 3,583,380 1369.57 FIRE RESCUE OPERATING 2.18510 3,583,380 7830.04 FIRE RESCUE DEBT SERVICE .04200 3,583,380 150.50 Municipal Governing Board CITY OF SOUTH MIAMI OPERATING 5.27900 3,583,380 18916.66 Non -Ad Valorem Assessments Levying Authority Rate Footage /Units Amount Combined taxes and assessments (gross amount) for 2008 : $78432.64 Amount due if paid by November 30 2008 : $75295.33 December 31 2008 : $76079.66 January 31 2009 : $76863.99 February 28 2009 : $77648.31 March 31 2009 : $78432.64 Back Property Tax Home I Real Estate Tax Info 12008 Taxes i Prior Years 12008 Non -Ad Valorem 2008 Back Assessments 12008 Enterprise Folio 12008 Historical Abatements 12009 Quarterly Payments _ 2008 Tax Notice /Memorandum Miami -Dade Home I Using Our Site I About i Phone Directory_ I Privacy i Disclaimer © 2002 Miami -Dade County. All rights reserved. E -mail your comments, questions and suggestions to Webmaster .ittp://egvsys.miamidade.gov :1608 /wwwsery /ggvt/txcawl0.dia ?folio= 0940360220350 3/26/200' / Online Services - Online Image ml�ffisaa AH(VLE ONLINE IMAGE Arachovia Bus ne s Online Page 1 of 1 Account Number: 2000028261489 _ Check Number _ _Amount _ _ _ Date Posted .2385 $20,820.60 03/02/2009 ( 238.8 fAR ttGH:�4iAN FR yPER"! ES, IN wncura+ix Feb it, 20N iiMIA SOUTH WAINJ FAI IC is�l Svq, su 715 mT, SuITE 1 e3 tarn?u At�nvpI +, ht: 33143 Q�"�'�+%. tnI •f0 has?: 2oB2:t�;60 .�cs�rr t Ttiwa* Tha ar d Elg1l Hunftd Tway arse! 601100 Dollar; PAY: MIAMI -CARE COUNTY TAX Q CTO+R ty�tlr:�a 140 W FLAULER STREET PC) BOX 25215 M!Ah114 F1. M02a52'18: Y 0100231350' i0a 2 160ef 4?. r 04A,Tr,PSz PAZ AA 1 / ^IAA -t A44%, A h X11% How To Save This Image PC users Internet Explorer: Right -click on the check image, and choose "Save Picture As..." Others: Right -click on the check image, and choose "Save Image As..." MAC users Internet Explorer: Click & hold on the check image, and choose "Download Image to Disk." Others: Click & hold on the check image, and choose "Save this Image as..." Hide Instructions httpsJ/ icid. wachovia. com /webapp /icid_ app /servlet/Titanium 3/25/2009 mi -Dade County. Real Estate Tax Information Show Me: Property Taxes Search By: Select Item Detail Tax Information: Real Estate Tax Info 2008 Taxes Prior Years Taxes Due 2008 Ad Valorem 2008 Non -Ad Valorem 2008 Back Assessments 2008 Enterprise Folio 2008_ Historical Abatements 2009 Quarterly Payments 2008 Tax Notice /Memorandum © 2002 Miami -Dade County. All rights reserved. Real Estate Tax Information Today's Date: 03/26/2009 Last Update: 03/24/2009 Year: 2008 Folio Number: 09 40360220260 SOUTH MIAMI Owner's Name: CITY OF SOUTH MIAMI Property Address: 5829 SW 73 ST Mailing Information : Legal Description CITY OF SOUTH MIAMI W A LARKINS PB 3 -198 6130 SUNSET DR LOT 36 LESS N11 2 /3FT & LESS W5FT SO MIAMI FL & PORT OF LOT 37 LESS S1 OFT 33149 & LESS W5FT & LESS AIR RIGHTS To view 2008 Tax Notice /Memorandum click here 2008 Taxes are in paid status. Amounts due are subject to change without notice. Page 1 of h'I:fAMIl D 3E M ., Contact Information E -Mail: pro tax miamidade. - ov (305) 270 -4916 Downtown Office: 140 W Flagler St., Room 101 Miami, FL 33130 South Miami -Dade Office: 10710 SW 211 St, Room 104 Miami, FL 33189 Office Hours: Mon - Fri 8:00 am - 5:00 Related Links: Tax Collector Property Appraiser aiser Florida State Dept of Revenue 0 Proper Tax Home I Real Estate Tax Info 12008 Taxes I Prior Years 12008 Non -Ad Valorem 2008 Back Assessments 12008 Enterprise Folio 12008 Historical Abatements 12009 Quarterly Payments 2008 Tax Notice /Memorandum Miami -Dade Home I Using Our Site I About I Phone Directory I Privacy I Disclaimer E -mail your comments, questions and suggestions to Webmaster ittp:Hegvsys.miamidade.gov:1608 /wwwsery /ggvt/txcaw0l .dia ?folio= 0940360220260 3/26/2004. vliami -Dade County. Real Estate Tax Information Real Estate �_, a't s,Y s.�"". -rr y+ •L -fir. �' �� C. Tax Infbrinatijon COUNM Show Me: Property Taxes Search By: Select Item Detail Tax Information: Real Estate Tax Info 2008 Taxes Prior Years Taxes Due 2008 Ad Valorem 2008 Non -Ad Valorem 2008 Back Assessments 2008 Enterprise Folio 2008 Historical Abatements 2009 Quarterly_ Payments 2008 Tax Notice /Memorandum © 2002 Miami -Dade County. All rights reserved. 2008 REAL ESTATE PROPERTY TAXES NOTICE OF AD VALOREM TAXES AND NON -AD VALOREM ASSESSMENTS FOLIO NUMBER I MUNICIPALITY I MILL CODE I A Page 1 of 09 40360220260 1 SOUTH MIAMI 1_ 0900 1 1jUZ141u I Owner's name & billing address: CITY OF SOUTH MIAMI 6130 SUNSET DR SO MIAMI FL 33149 Property address: Exemptions: 5829 SW 73 ST STATE EXEMPT 80 for a change of billing address form click here Ad Valorem Taxes Taxing Authority Millage rate per $1,000 of Taxable Value Miami -Dade School Board Taxes Levied SCHOOL BOARD OPERATING 7.53300 960,846 7238.05 SCHOOL BOARD DEBT SERVICE .26400 960,846 253.66 State and others .38220 960,846 367.24 FLORIDA INLAND NAVIGATION DISTRICT .03450 960,846 33.15 SOUTH FLORIDA WATER MGMT DISTRICT .53460 960,846 513.67 EVERGLADES CONSTRUCTION PROJECT .08940 960,846 85.90 CHILDRENS TRUST AUTHORITY .42120 960,846 404.71 Miami -Dade County COUNTY WIDE OPERATING 4.83790 960,846 4648.48 COUNTY WIDE DEBT SERVICE .28500 960,846 273.84 LIBRARY DISTRICT .38220 960,846 367.24 FIRE RESCUE OPERATING 2.18510 960,846 2099.54 FIRE RESCUE DEBT SERVICE .04200 960,846 40.36 Municipal Governing Board CITY OF SOUTH MIAMI OPERATING 5.27900 960,846 5072.31 Non -Ad Valorem Assessments Levying Authority Rate Footage /Units AnloUnt Combined taxes and assessments (gross amount) for 2008 : $21030.91 Amount due if paid by November 30 2008: $20189.67 December 31 2008: $20399.98 January 31 2009: $20610.29 February 28 2009: $20820.60 March 31 2009: $21030.91 Back Property Tax Home I Real Estate Tax Info 12008 Taxes I Prior Years 12008 Non -Ad Valorem 2008 Back Assessments 12008 Enterprise Folio 12008 Historical Abatements 12009 Quarterly Payments I_ 2008 Tax Notice /Memorandum Miami -Dade Home I Using Our Site I About I Phone Directory I Privacy I Disclaimer E -mail your comments, questions and suggestions to Webmaster ittp:Hegvsys.miamidade.gov :1608 /wwwsery /ggvt/txcawl0.dia ?folio= 0940360220260 3/26/2001