Fw: Marina REIT [CI (Tazia Smith, 10/27/2014)

From: Tazia Smith Sent: 10/27/2014 1:00:01 PM To: Paul Morris CC: MG [ Subject: Fw: Marina REIT [CI Classification: Confidential Give me a call. He's got so much cash in house that, if he's borrowing recourse. it makes more sense for him to do non purpose loan w u and use proceeds to buy this...vs specific collateral/LTV. He could borrow 20 and invest 20 in this... 20mm will include warrants and fee break incentives as well Tazia Smith Director Key Client Partners - US Deutsche