EFTA02647546.pdf

From: David Mitchell < Sent: Saturday, June 3, 2017 9:13 PM To: Jeffrey E. Subject: Re: Operating costs are not zero ,but only when they go negative would the= show up here as this deals with cost left in project and how it is being =aid for DAVID MITCHELL Mitchell Holdings LLC </a <mailto On Jun 3, 2017, at 5:05 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com> wrote: yes, but says operating cost remaining is zero=? . is this somehow a net number. On Sat, Jun 3, 2017 at 5:04 PM, David Mitchell <=pan dir="ltr"> < <mailto > wrote: The bank release funding once a month Currently there is $459,000 in the lock box which will be released on =une 9 Hotel is due to get $323,599 to cover its expenses DAVID MITCHELL Mitchell Holdings LLC EFTA_R1_01885578 EFTA02647546  On Jun 3, 2017, at 5:00 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=ilcom» wrote: but arent there operating costs remaining? ? <=r> On Sat, Jun 3, 2017 at 4:59 PM, David Mitchell <=pan dir="ltr"> < <mailto > wrote: Hotel is generating income and the loan modification which should clos= in next few weeks has a shortfall reserve if it is needed =br> =his is deals with the project costs DAVID MITCHELL Mitchell Holdings LLC On Jun 3, 2017, at 4:55 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote: where is either the 991 or the 1.2 on the list? = , why are operating zero remainng? On Sat, Jun 3, 2017 at 4:25 PM, David Mitchell <=pan dir="ltr"> <mailto > wrote: fyi, DAVID MITCHELL Mitchell Holdings LAC <tel: > djm@mitc=ellholdings.com <mailto 2 EFTA_R1_01885579 EFTA02647547  Begin forwarded message: From: < <mailto >> please find the up to date information This does not take in account mini construction loan funding from DB t= cover the extras and the buildout of back four rooms The request was $860,237 , which would reduce if granted the the secon= round of investor notes by that amount It was not included as it has not been approved please note 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 JEE 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note 3 EFTA_R1_01885580 EFTA02647548  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 JEE 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note 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 JEE 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 [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 4 EFTA_R1_01885581 EFTA02647549