EFTA00817634.pdf

From: Shanson900 To: Jeffrey / E / Epstein <jeevacation@gmail.com> Subject: Fwd: Doug U free for a call Date: Wed, 21 Sep 2016 15:08:18 +0000 See below Almost exact to yesterday's conversation. Makes like 500k Punch line for me is I knew davids $ was bs +high on hotel so I low balled the restaurant - so we can actually meet these net $ projections Sent from my iPhone Begin forwarded message: From: Shanson900 Date: September 21, 2016 at 11:04:30 AM EDT To: Daa -Diana / S Hanson // Creed Subject: Fwd: Doug U free for a call P Sent from my iPhone Begin forwarded message: From: Doug Arnaudin < Date: September 21, 2016 at 10:56:14 AM EDT To: Stephen Hanson Subject: Re: Doug U free for a call 2017 Projections (below is hi-level & projections are in process of being adjusted for rooms offline at beginning of the 2017 year and then also, adjusting back to 98-rooms per Salvesen)-updates to come w/best scenario Total Revenue 7,657,389 — Rooms (based on 94 rooms at $248 ADR and approx. 90% occ.) 2,119,913 — F&B 9,777,302 Total Expenses (2017) 2,836,489 — Rooms Cost 1,526,336 — F&B Cost 1,277,560 — Unallocated Expenses 766 823 — Fixed Expenses 6,407,208 Net Operating Income (2017) EFTA00817634  9,777,302 — Total Revenue (6,407,208) — Total Expenses 3,370,094 Other Costs (2017) 53,903 — Asset Management Fee 2,880,000 — Debt Service (2 yr term; $36mm loan at 7.25% floor i. rate + 1-mo Libor; in this scenario, assumed at 8.0% i. rate) 2,933,903 Net Income (2017) 3,370,094 — Net Operating Income (2,933,903) — Other Costs 436,191 Doug Arnaudin Mitchell Holdings LLC New York, NY 10065 (direct) (0) (f) (mailing address) New York, NY 10151 Tense-mall mediate is sttlect to the Electronics CommuNcations Privacy Act, 18 USG gg 2510 ZSZ1 and the information contained Inthis e-mallIs confidential Information Wended only for the use of the Ind./Ideal or {Maly named above. the reader of Ms message Is not the Mtenckeloxplent. you aro lullaby notified that any reNew. retransfrossion, dissemination or other use of, or taking of any action in reliance upon, tha information by persons or entities other than the intoned redolent Is strictly prohlaital If you have received this communkation Maroc please Immediately notify me and delete the original message Mitchell Holdings' Is service mart used by a group of limited lability companies and partnerships. Mitchell Holdings' propertiesam being developed by single purpose companies. whicharesole/ responsible for their development, obligations and liabMies. Photograptri may not represent amenities and con:Items at all properties. Amenities, Statuses, and concierge services may vary at each irdMdual Mitchel Hottangs• property and are sulapect to change without note*. Certain 'erects and amenities may have fees associated with them_ We are pledged to theIOW and spiM of US palm for the achievement of feted Housing Oppatunity throughan the Nation We encourage and support an affMuth* advertising and marbating program In which there are no barren to obtaining housing because of race, color, reltgcn, sex, handicap. familial status or national Ms correspondence hoot wended to, nor stains be deemed to. constitute an agreement on behalf of Mitchell Holdings', or any of Its affiliates for payment of any finder fees. oxnmissicco, or any compensationof am lord. From: Doug Date: Wednesday, September 21, 2016 at 10:10 AM To: Stephen Hanson <I Subject: Re: Doug U free for a call Current interest rate = 7.754% I believe it is 7.25% floor + 1-mo. LIBOR Doug Arnaudin Mitchell Holdings LLC New York, NY 10065 (direct) (o) (f) (mailing address) New York, NY 10151 EFTA00817635 Mse-mailmessageis stioject to the (teeth:elIts CommuNcallons Privacy Act, III USG SS 25102521, ad the information contained Millis e-mall is confidential informatico mended only/ for the use of the Induldual or entity namedabove. If the reader of Msmessageis not the intimckelrmOlant, you are brain notified that any reVeve retransrrission, dissemination or other use 01, or taking of any action in nthance upon. this information by personsor entities other than the intended reOptent Is thinly prohbnol If you have received this communication Maroc please imrnecliatehr notify me and delete the odginal message. Mitchell Holdings' is a service mark used by a gram of limited fatally companies and partnershOs.Mitched Holdings' properties are being denalopal by single purpose companies. which are sole,/ responsible for their development, obligations and liabhties. Photograplyr may not represent amenitiesandcon/Ilion' at all properties. Amenities, Seandes, and concierge tangos may vary at eachindividual Mitchel Hp'Org1• property and are sumect to change without notice. Certain sonnets and amenities may have lees associated webthaw We are peeve to the setter and spirit of US. coley for the achievement of Equal Housing Opportunity throughout the Nation We encourage and support an att Ionic* advertising and marbating program In Mich there are no barna: to obtaining housIng because of race, cam relkpeci, sex, handlop, familial status or national engin. Ms correspondence Isnot Intended to, nor shall it be deemed to. cambia* an agreement on behalf of Mitchell Holdings', or any of Its affiliates for payment of any finder fees, oxtunissiced, or any corroensaticn of wry land. From: Stephen Hanson •c > Date: Wednesday, September 21, 2016 at 9:59 AM To: Doug Subject: Re: Doug U free for a call No. What % are we paying for each loan Sent from my iPad On Sep 21, 2016, at 9:55 AM, Doug Amaudin > wrote: Total Capital Stack 28,249,398 — Senior Loan (78.47% of $36mm) 6,475,075 — Building Loan (17.99% of $36mm) 1,275,527 — Project Loan (3.54% of $36mm) 22,000,000 - Equity 58,000,000 Doug Arnaudin Mitchell Holdings Lit New York, NY 10065 (direct) (o) (f) (mailing address) New York, NY 10151 nue-mailmessageis %Sopa to the Electronics Communications Privacy Act, IS MSC fi 25102521, and the information contained in this e-mail is confidential information 'Mende,' only for the use of the individual or entity named above el the reader of this message Isnot the Intended recipient, you are hereby notified that any mumretransmission. Ctsseminalimi co other use of, or taking of any action in (*lance upon, this information by persons or entities other than the intended recipient is strictly prohlbltoi. If you have 'calved this communication In error, (tease Immediately notify me and delete the original message. Mitchell Holdings' is a service mart used by a group of limited fatality companies and pannershOs. Mitchell Holdings' properties are being denalopal by single purpose companies, whicharesole., recpore+ble for their develciament. obligations and gablitles. Photography may not represent amenities and conditions at all properties. Amenities, features, and concierge services may vary at each irdnidual IMMO Hob:legs. property and re subpect to change without notice. Certain semenandamenities may have lees associated with therm We are pledged to thetete and spirit of US. coley for the achievement of Wig Housing Opportunity throughout the Nation NW encourage and support an affirmative advertising and marbating program in *Mich there are no barriers to obtaining housng because of race, cam reltpeci, sex, handlop, familial status et national Wein. Tres correspondence !snot Intended to, nor shall it be deemed to. constitute an agreement on behalf of Mitchell 14oldIngso,or any of its affiliates for payment of any finder foes, oxnrNssicen,or any corroensatien of any land. From: Stephen Hanson › Date: Wednesday, September 21, 2016 at 9:50 AM To: Doug Subject: Re: Doug U free for a call Can u put next to each line the % cost of loan EFTA00817636 Sent from my iPad On Sep 21, 2016, at 9:43 AM, Doug Amaudin < > wrote: Total Capital Stack 28,249,398 — Senior Loan 6,475,075 — Building Loan 1,275,527 — Project Loan 22,000,000 — Equity 58,000,000 Doug Arnaudin Mitchell Holdings LLC New York, NY 10065 (direct) (0) (f) (mailing address) New York, NY 10151 Ms email message is sai)ect to the Electronks Commundeations Privacy Mt. IS USG gg 2510 2521, and the indormation contained n tins e-mall is confidential information intenáMonly for the uw of the w4Mdual or entity named above if do reader of this message is not the Intended recipient, you are hereby notified that any revier.s retransmission. Ossemination or other use of. or taking of any action in reliance upon, this information by persons or entities other than the intended redgent Is strictly proNbled. If you hare received tNs communicationin error, please immetlateff notify me and delete the oncInal message. Mitchell Holdings' is a service mart used by a jroup of limited lability companies and partnershOs. Mitchel Holdings' propanin are being demlopel by single purpose companies. whkh are sole>, respectable for thee' development. obligations and Ilablitles. Photography may not represent amenities and con/Miens at all properties, Amenities. feature; and concierge servkes may vary at each áridniclual Mitchell Holding' propeny rid ace sub", to charge without natic .Certain sconces3M amenities may ham fees associated wet. than We are pledged to the letter and spelt of US poky for the achievement of crual Housing Opportunity throughout the Nation- We encourage and support an affirmative advertising and mantling~am in welch there are no basten to obtaining bassi% because of race. color, relipon, sex. handicap fambal status or national nigh. Tin correspondence it not Intended to, nor shall t be deemed to, constitute an agreement on behalf of Mitchell Moldings', or army of its affiliates for payment of any finder fees. oximissions, or any compensation of any kind. From: Stephen Hanson Date: Wednesday, September 21, 2016 at 7:09 AM To: Doug < Subject: Re: Doug U free for a call Tell me when UR up Sent from my iPad On Sep 21, 2016, at 12:41 AM, Doug Amaudin > wrote: Ok Sent from my iPhone On Sep 20, 2016, at 11:19 PM, Stephen Hanson > wrote: Sony 6 mos after we are open. For 1 year I really just need 1 year PL Sent from my iPad On Sep 20, 2016, at 10:37 PM, Doug Amaudin > wrote: EFTA00817637 Confirmed - what is the time period? From date of refi through 12-months? Thanks, Sent from my iPhone On Sep 20, 2016, at 10:33 PM, Shanson900 < > wrote: So I need total sales for hotel and fb / total Total costs as budget has it for each with % shown Show ebitda and then debt service in loan Then profit after All with % shown Give me a foot note as to term of the loan and % we are paying Also need a list of all $ into the entire project Bulk $ by loan type U need clarification all ? Sent from my iPhone On Sep 20, 2016, at 10:18 PM, Doug Amaudin > wrote: On plane, available tomorrow morning though or really late tonight. Sent from my iPhone On Sep 20, 2016, at 10:01 PM, Shanson900 > wrote: So I can tell u what I need simple bulk # Sent from my iPhone EFTA00817638