EFTA00872213.pdf

From: "Farkas, Andrew L." To: [email protected] <[email protected]> Subject: Re: Appetite Date: Tue, 15 Oct 2013 20:22:16 +0000 $400 mm. We'll likely get a 60%-70% first mortgage at around 225-250 over (5 year floating rate). We want to bring leases up to market and try to re-tenant certain spaces to increase the rent roll prior to putting a longer term, larger, fixed rate financing in place. Deal w/ us is we will put 10-20% of the equity and are looking for a partner to do the balance. We are seeking a 75 bps/yr asset mgt fee and we'd like 20% of the profit in excess of an 8% preferred return. Basic real estate fund structure. There is a whole data room of information, but my c-iii guys are doing the underwriting. That said, we can take anyone through it who might have an interest and be "qualified." From: Jeffrey Epstein [[email protected]] Sent: Tuesday, October 15, 2013 04:13 PM To: Farkas, Andrew L Subject: Re: Appetite Yes , can you provide total price terms .? On Tuesday, October 15, 2013, Farkas, Andrew L. wrote: I don't know if you or any of your sovereign pals have an appetite for this, but I have a very rare inside track on a trophy (fifth avenue) nyc office building. It's the one in which I keep my offices. I want to buy it for my own account (so I would be the partner personally) and I need a partner with about $125 mm. 4-5% initial current yield growing steadily over time. A true core asset. The last time I did this was with sultan and I bought 230 park. We put up $150 of equity against a $700 mm purchase price (and got mortgage financing for the balance). We sold it for $1.15 billion 14 mos later. But I need a partner who is looking for safety and quality and can tolerate relatively low early term yields. I have to be fully financed by 11/4. Any thoughts? This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein EFTA00872213 Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved This message, and any attachments hereto, is confidential and intended exclusively for the use of the individual or entity to whom it is addressed. This communication may contain information that is confidential, proprietary, privileged, subject to a confidentiality and/or non-disclosure agreement, or otherwise exempt or protected from disclosure (either by contract or under applicable law). If you are not the intended recipient, you are hereby notified that printing, retaining, reproducing, copying, disclosing, disseminating or using this message or any information contained herein (including any reliance thereon) is strictly prohibited. If you have received this message in error, please contact the sender immediately and destroy the message (including any attachments) and any copies in their entirety, whether in electronic or hard copy format. Nothing contained in this e-mail shall be considered a legally binding agreement, amendment or modification of any agreement with Island Capital Group LLC or any of its affiliates, each of which requires a fully executed agreement to be received by Island Capital Group LLC or such affiliate. EFTA00872214