EFTA01455912.pdf

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 Bank Securities. Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor New York. NY 10154 From: Tazia Smith Sent: 10/27/2014 12:56 PM EDT To: "jeffrey epstein" <jeevacationgsmail.com>: Matt Glassman Cc: Paul Morris: Daniel Sabha: Vahe Stepanian: "Richard Kahn" < Subject: Re: Marina REIT ICI Classification: Confidential Hi Jeffrey - we've been guiding clients to 20pct indicative LTV vs the private equity, but out of the investment bank. With recourse we can lend through the private bath —even more compelling. Paul and I will be back to you. Tazia Smith Director Key Client Partners - US Deutsche Bank Securities, Inc. Deutsche Asset & Wealth Management 345 Park Avenue - 26th Floor From: "Jeffrey E." [[email protected]] Sent: 10/27/2014 12:07 PM AST CONFIDENTIAL - PURSUANT TO FED. R. CRIM. P. 6(e) DB-SDNY-0114932 CONFIDENTIAL SONY GM_00261116 EFTA01455912