EFTA02662655.pdf

From: Kathy Ruemmler Sent: Friday, February 3, 2017 3:57 PM To: jeffrey E. Subject: Re: Mortgage Options And not the interest-only option, corr=ct? Sent from my iPad On Feb 3, 2017, at 10:55 A=, jeffrey E. <jeevacation@gmail=com <mailto:jeevacation@gmail.com» wrote: 7/1 =n Fri, Feb 3, 2017 at 10:50 AM, Kathy Ruemmler > wrote: =div>The chart didn't go through, but I can translate if you can't see how t=ese line up. Sent from my iPad Begin forwarded message= From: Date: February 3, 2017 at 10:14:09 AM EST Subject: FW: Mortgage Options <=blockquote> From: Cleveland, Cind Sent: Friday, February 3, 2017 7:09:30 AM To: R=emmler, Kathy (DC) Cc: Mckinnon, Marilyn Su=ject: Mortgage Options Hello Kathryn - It was nice talking to you today. The apartment sounds wo=derful! Here are payments on a $5MM mortga=e based on today's purchase rates. We can lock the loan when you are u=der contract and within 60 days of closing. We would be looking for c=nstruction to be 100% EFTA_R1_01911603 EFTA02662655 complete and for 50% of the units to have closed in o=der to close our mortgage. These rates are subject to change of cours=, but of course we will go to bat for you to get you the best possible rate=when the time comes. Loan Details =1span> Mortgage Product 30 Year Fixed 10/1=ARM 7/1ARM Loan Amount $5,000,000.00 $5,000,000.00 $5,000,000=00 Interest Rate 4.125% 3.250% 3.125% Monthly Payment $24,232.49 $21,760=32 $21,418.77 apan> Loan Details Mortgage Product 30 Year 1=O 10/1 ARM I/O 2 EFTA_R1_01911604 EFTA02662656  =span>7/1 ARM I/O Loan Amount $5,000,000.00 $5,000,00=.00 $5,000,000.00 <=r>Interest Rate 4.2500% 3.3750% 3.250%<=r> Monthly Payment $=7,708.33 $14,062.50 $13,541.67 Citi=Private Bank is fine with using unsecured loans towards the down payment.&n=sp; If you are interested, Marilyn and Ricardo can look at doing Line of Cr=dit up to $1MM at Prime + 0%. If you or yo=r seller would like a pre-approval letter, we can take an application, docu=ent income and pull credit in advance of going under contract. We'd s=nd the information through underwriting so you'd have a pre-approval letter=in hand when negotiating the contract (on this or any property really).&nbs=; Then we'd move forward with items relating to the property - appraisal, t=tle work, insurance - about 60 days from closing. Thank you for giving Citi Private Bank the opportunity to help with y=ur financing. Please let me know if you have any questions.&nbs=; We look forward to working with you. Bes=, Cindy Cindy B. Cleveland Manager, Mortgage Associate Cit= Private Bank 2859 Paces Ferry Road, S.E.<=span> Vinings Overlook III Suite 700 Atlanta, GA 30339 3 EFTA_R1_01911605 EFTA02662657  This email may contain material that is confidential, privileged a=d/or attorney work product for the sole use of the intended recipient. = Any review, disclosure, reliance or distribution by others or forwarding w=thout express permission is strictly prohibited. If you are not the i=tended recipient, please contact the sender and delete all copies including=any attachments. Latham &=mp; Watkins LLP or any of its affiliates may monitor electronic communicati=ns sent or received by our networks in order to protect our business and ve=ify compliance with our policies and relevant legal requirements. Latham & Watki=s LLP =br> please note Th= information contained in this communication is confidential, may be att=rney-client privileged, may constitute inside information, and is intend=d only for the use of the addressee. It is the property of JEE Una=thorized use, disclosure or copying of this communication or any part th=reof is strictly prohibited and may be unlawful. If you have received th=s communication in error, please notify us immediately by return e•ma=l or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copie= thereof, including all attachments. copyright -all rights reserved adiv> 4 EFTA_R1_01911606 EFTA02662658