📄 Extracted Text (538 words)
From: Tazia Smith
To: "jeffrey epstein" cjeevacation®gmail.com>, Matt Glassman
Cc: Paul Morris , Daniel Sabba < 11 Vahe >
Stepanian , "Richard Kahn"
Subject: Re: Marina REIT [C]
Date: Mon, 27 Oct 2014 16:56:27 +0000
Importance: Normal
Inline-Images: unnamed; unnamed(1)
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 bank -- 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
New York, NY 10154
Tel:
Mobile:
Fax:
E-mail:
From: "jeffrey E." [[email protected]]
Sent: 10/27/2014 12:07 PM AST
To: Matt Glassman
Cc: Paul Morris; Daniel Sabba; Tazia Smith; Vahe Stepanian; Richard Kahn <
Subject: Re: Marina REIT [C]
how much would the bank lend using the postion as collateral. ? but personally guarteed?
On Mon, Oct 27, 2014 at 11:34 AM, Matt Glassman < > wrote:
Classification: Confidential
Hi Jeffrey,
Attached, you will find an overview of an investment opportunity for our qualified clients - it is a
private marina REIT. To be clear, this a private company not a fund. This investment opportunity
targets an 8%+ current yield from the net profits of the underlying Marina holdings. The J-curve up to
that yield is anticipated to be just limos as properties will be contributed for equity immediately. The
current fragmented nature of the marina industry, their valuations, and the barriers to entry present
an interesting fundamental opportunity. Liquidity/cap rate compression (in both our base and bull
EFTA00681783
cases) is an IPO in 3-4yrs.
Regards,
Matt
;2,
Matt Glassman
Vice President I Key Client Partners - US
Deutsche Bank Securities Inc
Deutsche Asset 8, Wealth Management
345 ParkAvenue
New York. NY 10154
Tel.
Mobile
Email
EFTA00681784
EFTA00681785
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EFTA00681786
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