EFTA02647439.pdf

From: jeffrey E. <[email protected]> Sent: Saturday, June 3, 2017 9:03 PM To: David Mitchell Subject: Re: Fwd: ok On Sat, Jun 3, 2017 at 5:00 PM, David Mitchell It is under funding to date on the source side DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA On Jun 3, 2017, at 4:59 PM, jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote: yes, but where is the reimbursbale on the project co=ts or funding of On Sat, Jun 3, 2017 at 4:57 PM, David Mitchell <=pan direltr"> > wrote: Footnote should r=ad in two sections somehow it got consolidated and reformatted when I sent=out First round of in=estor notes will be paid from loan modification And the reimburse=ents owed to me as of May 17 were $991,689 As it reads now i= indicates that the reimbursements were paid or to be paid from loan modif=cation DAVID MITCHELL Mitchell Holdings LLC EFTA_R1_01885399 EFTA02647439  801 Madison Avenue New York NY 10065 USA wrote: fyi, DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA > Begin forwarded message: From: < >> 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> =br> =s you know , unlike months prior the bank has not released the revenues fr=m the lockbox on inter- month basis which has caused stress to the situati=n 2 EFTA_R1_01885400 EFTA02647440  =br> =s you know for last two weeks I personally have covered the payroll for th= hotel =br> 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 =br> =s of Friday we have identified $16,500 at the hotel =nd $3800 at the restaurant company =oth which I will cover on Monday =br> =ssuming bank release lock box and insurance escrow on June 9 =br> =ockbox estimate $273,041 =nsurance escrow $159,000 =br> =bviously this will free up cash to payout current and hopefully some past =xpenses =br> =urrent budget number available to the hotel is $323,599.22 =br> = also have been working with Alan to plan out the use of the shortfall res=rve in the loan of $2,000,000 =or the hotel and restaurant =br> =e is working with Cathy tomorrow to verify and ascertain correct numbers a=d we should have a plan for the above on Monday DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and 3 EFTA_R1_01885401 EFTA02647441  destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blankTheevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved --001a114c9a320810ef055114983b-- conversation-id 42301 date-last-viewed 0 date-received 1496523775 flags 8590195713 gmail-label-ids 7 6 remote-id 718884 4 EFTA_R1_01885402 EFTA02647442