Property Acquisition Master Settlement Statement

Closing Date: April 27, 2009

Escrow Number: B573930A
Title Company: Title Insurance Co.

Seller: Ace Apartments

Buyer: Bruce's Big Time Real Estate Investments, LLC

Property: The Thank Goodness I Don't Live Here Apartments, 123 Cockroach Lane, Denver Colorado

Debit Credit
Transaction
Purchase Price $8,200,000.00
Earnest Money Deposit $150,000.00
Funding Sources
Loan Proceeds - Big Wall Street Bank ###
Title & Fees
Closing Escrow Fee - Title Insurance Co. $300.00
Title Insurance Premium - Title Insurance Co. $150.00
Tax Certification - Title Insurance Co. $25.00
Recording Fees + State Tax / Stamps - Clerk & Recorder $725.00
Lendor Endorsements: 116.1, 9, 8.1, 116, Tax Parcel, Delete 1-4 - Title Insurance Co. $4,500.00
UCC Searches - UCC Search Corporation $185.00
Recording Escrow - Clerk & Recorder $1,700.00
Interest on Earnest Money $825.00
Lender Legal - Way Too Expensive Law Firm $30,000.00
Loan Origination Fee- Big Wall Street Bank $57,400.00
Flood Hazard Fee - Big Wall Street Bank $25.00
Appraisal Review Fee - Big Wall Street Bank $1,000.00
Appraisal Fee - Appraisal Company $8,000.00
Buyer's Legal Fees - The "How Did You Calculate That Fee?" Law Firm $30,000.00
Prorations
Personal Property Taxes 01/01/09 to 4/27/09 (1,500/365 x 117 days) $480.82
County Taxes 01/01/09 to 04/27/09 (30,000/365 x 117 days) $9,616.44
Pre-Paid Rent $1,200.00
April Rental Collections $6,210.00
Laundry Company - Income Proration $112.54
April Other Income Collections $375.00
Security Deposits $6,500.00
Vendor Expense Prorations $1,250.03
Reimbursements / Escrows
Bruce's Big Time Real Estate Investments - Acquisition Fee $20,000.00
Bruce's Big Time Real Estate Investments - Due Diligence Expense Reimbursement $15,825.49
Bruce's Big Time Real Estate Investments - PCA Reimbursement $8,200.00
Bruce's Big Time Real Estate Investments - Phase I Reimbursement $3,500.00
Bruce's Big Time Real Estate Investments - Survey Expense Reimbursement $4,200.00
Big Wall Street Bank - RE & Personal Tax Escrow Funding- 1/1/09- 4/28/09 $10,097.26
Bruce's Big Time Real Estate Investments - Insurance Funding $15,000.00

Subtotal $8,412,082.78 ###

Balance Due To (From) Buyer ###
TOTALS $5,915,319.80 ###