In terms of your question. ‘Balance Due’ in the Residential Land Development Pro Forma refers to the difference between the ‘Earnest Money’ deposit and the total land purchase price. It’s the amount, before closing costs, that will be due at closing to pay for the land. The time at which that cash flow occurs should coincide with the land closing date.
The loan used in this particular model is an acquisition and development loan, which is used to partially fund both land and development costs.