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ta <br />www.FinanceDTA.com <br />VIII MARKETING COSTS <br />SECTION VIII <br />MARKETING COSTS <br />Marketing costs related to for -sale product usually include sales commissions, closing <br />costs, warranty, general marketing costs, sales office design and construction, model <br />maintenance, model upgrades, model landscaping, sales and model staff salaries, and <br />master marketing program costs. However, since the entire Project is a for -rent program, <br />we included an estimate of closing costs (since we assumed all products would be sold to <br />determine LRV) and an allowance for marketing costs during the rent -up period. <br />Table 47: Marketing Cost Allowance <br />Closing Costs <br />$1,484,144 <br />$443,548 <br />$359,554 <br />$2,287,246 <br />Marketing Costs <br />$5,688,144 <br />$1,908,018 <br />$272,587 <br />$7,868,749 <br />Total Marketing Costs <br />$7,172,288 <br />$2,351,566 <br />$632,141 <br />$10,155,994 <br />Related Bristol at 3600 South Bristol Street <br />Land Residual Value Study Report <br />Exhibit 10 <br />September 27, 2023 <br />32 <br />