Text extracted via OCR from the original document. May contain errors from the scanning process.
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Su sect: 320 East 82n
From:
David Mitchell
Sent:
Tuesday, October 17, 2017 3:31 PM
To:
Jeffrey Epstein
Subject:
Fwd: 320 East 82nd
DAVID MITCHELL
Mitchell Holdings LLC
801 Madison Avenue
New York NY 10065
USA
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Begin forwarded message:
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Cc: "Ihrig, Jeffrey"
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>, "Stuart, Samuel"
David,
Thanks for the opportunity to look at this deal. Lookin= forward to walking the building with you this afternoon.
Below are our thoughts:
Loan Amount:
81=bsp;
$13,250,000
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Term:
&n=sp;
&nbs=;
2 year=
Amortization:
=nbsp;
Interest only<=:p>
Origination Fee:
&nb=p;
1.00%
Rate:
&n=sp;
&n=sp; L+375, adjusting monthly, rounded up to the nearest 1/8=h of one
percent, subject to a 5.00% floor (pricing assumes Sponsor =r affiliates maintain 10% of the outstanding loan in checking
deposits)
Maximum LTV:
&=bsp;
50%
Minimum DSCR:
=nbsp;
TBD — based on a rental fallback scenario<=:p>
Recourse:
&nbs=;
=nbsp; Required from David Mitchell
Required Escrows:
&n=sp; Conditionally waived
Prepayment:
&n=sp;
Open=o:p>
Auto Debit:
&n=sp;
&nbs=; Required from First Republic Bank account
Processing Fee:
&nbs=;
$10,000
Best,
Garrett Sokoloff
Senior Managing Director
First Republic Bank
1230 Ave of the Americas 3rd Floor I New York, NY 10020
Office:
Mobile: -I
Email
<mailto:
I NMLS# 863209 =/p>
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