EFTA02605478.pdf

From: jeffrey E. <[email protected]> Sent: Tuesday, September 26, 2017 4:16 PM To: Paul Barrett Subject: Re: 2 things i like 2. no secondatry market in 1 =div class="gmail_extra"> On Tue, Sep 26, 2=17 at 11:26 AM, Paul Barrett >=/span> wrote: Hi Jeffrey Let me know your interest level on the following:=/u> 1. Build a $5-10MM portfolio of hard money real estate loans a. 1.2 yrs maturity b. 11-12% IRR c. 50=60% LTV d. Loan size commitment in the$500-1MM range<=u> e. Distributions received quarterly f. I t=ink of this as part of the illiquid fixed income portfolio.<=li> 2. Defaulted credit card and auto loan debt (they buy paper at 3c on the do=lar, obtain judgements and garnish wages; recoveries anywhere between 5c-1=0c on the dollar) a. Option 1— provide a 3yr loan at 10% against the portfolio b. Option 2 — Provide a 3yr loan at 6% with a 20% equi=y stake in what gets recovered through years 4-6 (my guess is a 13% IRR ov=r the 6 years) c. Option 3 — No debt, all equity= IRR in the 20%-30% (distributions have very long tails so would negotiate=an end date). These are both run by a good friend. I have been doi=g both for many years. Will call to discuss. EFTA_R1_01795965 EFTA02605478  Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llth<=sup> Floor, New York, NY 10019 =/span> =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="_blank">jeevacation@gmai=.com, and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 2 EFTA_R1_01795966 EFTA02605479