EFTA00719872.pdf
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To: jeevacationgginail.com
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Date: Sat, 05 Nov 2011 04:32:03 +0000
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 TO 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.
EFTA00719872
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73c3867b89b165d4de53122400618ecf32dbac6add7ce509f6e903267957387d
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EFTA00719872
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1
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