EFTA02382794.pdf

From: Paul Barrett Sent: Tuesday, September 26, 2017 3:26 PM To: Jeffrey E. Cc: Richard Kahn Subject: 2 things Hi Jeffrey Let me know your interest level on the following: 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=o:p> e. Distributions received quarterly f. =/li> =/p> 2. Defaulted credit card and auto loan debt (they buy paper at 3c on the=dollar, obtain judgements and garnish wages; recoveries anywhere between 5=-100c on the dollar) a. Option 1— provide a 3yr loan at 10% against the portfolio=/o:p> b. Option 2 — Provide a 3yr loan at 6% with a 20% equit= stake in what gets recovered through years 4-6 (my guess is a 13% IRR ove= the 6 years) c. Option 3 — No debt, all equity. I=R 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. Paul EFTA_R1_01398928 EFTA02382794 Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor,=New York, NY 10019 2 EFTA_R1_01398929 EFTA02382795