EFTA02389618

From: Kathy Ruemmler < Sent: Friday, February 3, 2017 4:01 PM To: jeffrey E. Subject: Re: Mortgage Options So I can borrow $6 mm, based on a $7mm=purchase price. Sent from my iPad On Feb 3, 2017= at 10:57 AM, jeffrey E. <jeeva=ation@gmailcom <mailto:jeevacation@gmail.com» wrote: =div dir="ltr">correct =>> Subject: FW: Mortgage Options From: Cleveland, Cindy < < > > <=pan>Sent: Friday, February 3, 2017 7:09:30 AM To: Ruemmler,=Kathy (DC) Cc: Mckinnon, Marilyn Subject: M=rtgage Options Hello Kathryn - <=pan>lt was nice talking to you today. The apartment sounds wonderful!=/span> Here are payments on a $SMM mortgage based=on today's purchase rates. We can lock the loan when you are under co=tract and within 60 days of closing. We would be looking for construc=ion to be 100% complete and for 50% of the units to have closed in order to=close our mortgage. These rates are subject to change of course, but o= course we will go to bat for you to get you the best possible rate when th= time comes. Loan Details =/span> <=r> Mortgage Product =/span> 30 Year Fixed 10/1 ARM EFTA_R1_01414235 EFTA02389618 7/1 ARM Loan A=ount $5,000,000.00 =br>55,000,000.00 $5,000,000.00 Interest Rate 4=125% 3.250% 3.125% Monthly Payment <=span> $24,232.49 $21,760.32 $21,418.77 Loan Details =/span> <=r>Mortgage Product 30 Year I/O 10/1 ARM I/O 7/= ARM I/O Loan Amount $5,000,000.00 $5,000,000.00 $5,000,000.00 2 EFTA_R1_01414236 EFTA02389619 4.2500% 3.3750% 3.250% Monthly Payment $17,708.3= $14,062.50 $13,541.67 Citi Private=Bank is fine with using unsecured loans towards the down payment. If y=u are interested, Marilyn and Ricardo can look at doing Line of Credit up t= $1MM at Prime + 0%. If you or your seller=would like a pre-approval letter, we can take an application, document inco=e and pull credit in advance of going under contract. We'd send the i=formation through underwriting so you'd have a pre- approval letter in hand w=en negotiating the contract (on this or any property really). Then we=d move forward with items relating to the property - appraisal, title work,=insurance - about 60 days from closing. Th=nk you for giving Citi Private Bank the opportunity to help with your finan=ing. Please let me know if you have any questions. We loo= forward to working with you. Best, Cindy<=span> Cindy B. Cleveland NMLS 541=18 Manager, Mortgage Associate Citi Private=Bank 2859 Paces Ferry Road, S.E. Vinings Overlook III Suite 700 Atlant=, GA 30339 office phone: 678 842-5636<=a> direct fax: <=span> This email may contain material that is confidential, privileged and/or a=torney work product for the sole use of the intended recipient. Any r=view, disclosure, reliance or distribution by others or forwarding without e=press permission is strictly prohibited. If you are not the intended r=cipient, please contact the sender and delete all copies including any atta=hments. 3 EFTA_R1_01414237 EFTA02389620 Latham & Watk=ns LLP or any of its affiliates may monitor electronic communications sent o= received by our networks in order to protect our business and verify compl=ance with our policies and relevant legal requirements. Latham & Watkins LLP =/blockquote> please note=br> The information contained in this communication is confidential,=may be attorney-client privileged, may constitute inside information, an= is intended only for the use of the addressee. It is the property of Unauthorized use, disclosure or copying of this communication or a=y part thereof is strictly prohibited and may be unlawful. If you have r=ceived this communication in error, please notify us immediately by r=turn e-mail or by e-mail to jeevacation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and=all copies thereof, including all attachments. copyright -all rights res=rved please note The inf=rmation contained in this communication is confidential, may be attorney=client privileged, may constitute inside information, and is intended on=y for the use of the addressee. It is the property of JEE Unauthor=zed use, disclosure or copying of this communication or any part thereof=is strictly prohibited and may be unlawful. If you have received this return e-mail or=by e-mail to jee=acation@gmail.com <mailto:jeevacation@gmail.com> , and destroy this communication and all copies the=eof, including all attachments. copyright -all rights reserved =/div> 4 EFTA_R1_01414238 EFTA02389621