EFTA01848640.pdf

To: • • .com[[email protected]] From: Sent: Sat 11/5/2011 4:32:03 AM I saw Swanson. He says the other deal to add $1M to the second and extend the first to June 30 is "done". I think "done" means he is confident it will close. I don't think he is confident we would. And he is afraid to mess more with TD and Kosoy. He is looking for $1.5M more. He desparately needs it and he will give a second on his house and adjacent lot in Phipps for $2M - the difference being interest for a year. It would be junior to $4.7 held by Northern. The property recently appraised for $11.5M. He says there are two guys circling and he thinks it will get done this week. On the other hand, he offered it. I guess we'll see. As you can imagine, at this point, I'm pretty disappointed. EFTA_R1_00240213 EFTA01848640