EFTA02647331.pdf

From: David Mitchell < Sent: Saturday, June 3, 2017 8:57 PM To: Jeffrey Epstein Subject: Re: Fwd: Footnote sho=ld read in two sections somehow it got consolidated and reformatted when l=sent out First round =1investor notes will be paid from loan modification And the reim=ursements owed to me as of May 17 were $991,689 As it reads =ow it indicates that the reimbursements were paid or to be paid from loan =odification DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA <1=> <mailto On Jun 3, 2017, at 4:25 PM, David Mitchell < <rnailte > wrote: fyi, DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA </a <mailto Begin forwarded message: 1 EFTA_R1_01885242 EFTA02647331  From: <djm@mitch=llholdings.com <mailto >> Date: June 3, 2017 at 4:24:18 PM EDT To >> please find the up to date information This does not take in account mini construction loan funding from DB t= cover the extras and the buildout of back four rooms The request was $860,237 , which would reduce if granted the the secon= round of investor notes by that amount It was not included as it has not been approved <Life Hotel - Overview of Costs & Funding.pdf> As you know , unlike months prior the bank h=s not released the revenues from the lockbox on inter- month basis which h=s caused stress to the situation As you know for last two weeks I personally rave covered the payroll for the hotel In regards to the hotel payables I have been working with Alan to create a =trategic plan for next 7 days to see if there any emergencies As of Friday we have identified $16,500 at t=e hotel and $3800 at the restaurant company Both which I will cover on Monday Assuming bank release lock box and insurance=escrow on June 9 Lockbox estimate $273,041 Insurance escrow $159,000 Obviously this will free up cash to payout c=rrent and hopefully some past expenses Current budget number available to the hotel=is $323,599.22 I also have been working with Alan to plan o=t the use of the shortfall reserve in the loan of $2,000,000 for the hotel and restaurant He is working with Cathy tomorrow to verify =nd ascertain correct numbers and we should have a plan for the above on Mo=day 2 EFTA_R1_01885243 EFTA02647332 DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 1O065 USA </=> <mailto > 3 EFTA_R1_01885244 EFTA02647333