EFTA00817639.pdf

From: "Jeffrey E." <[email protected]> To: Shanson900 Subject: Re: Doug U free for a call Date: Wed, 21 Sep 2016 15:11:15 +0000 yes they have 248 we had 200 On Wed, Sep 21, 2016 at 11:08 AM, Shanson900 < > wrote: See below Almost exact to yesterday's conversation. Makes like 500k Punch line for me is I knew davids $ was bs +high on hotel so I low balled the restaurant - so we can actually meet these net $ projections Sent from my iPhone Begin forwarded message: From: Shanson900 Date: September 21, 2016 at 11:04:30 AM EDT To: Daa -Diana / S Hanson // Creed <1 Subject: Fwd: Doug U free for a call P Sent from my iPhone Begin forwarded message: From: Doug Arnaudin Date: September 21, 2016 at 10:56:14 AM EDT To: Stephen Hanson Subject: Re: Doug U free for a call 2017 Projections (below is hi-level & projections are in process of being adjusted for rooms offline at beginning of the 2017 year and then also, adjusting back to 98-rooms per Salvesen)-updates to come w/best scenario Total Revenue 7,657,389 — Rooms (based on 94 rooms at $248 ADR and approx. 90% occ.) 2,119,913 — F&B 9,777,302 EFTA00817639 Total Expenses (2017) 2,836,489 — Rooms Cost 1,526,336 — F&B Cost 1,277,560 — Unallocated Expenses 766 823 — Fixed Expenses 6,407,208 Net Operating Income (2017) 9,777,302 — Total Revenue (6,407,208), —Total Expenses 3,370,094 Other Costs (2017) 53,903 — Asset Management Fee 2,880,000 — Debt Service (2 yr term; $36mm loan at 7.25% floor i. rate + 1-mo Libor; in this scenario, assumed at 8.0% i. rate) 2,933,903 Net Income (2017) 3,370,094 — Net Operating Income (2,933,903)— Other Costs 436,191 Doug Arnaudin Mitchell Holdings LLC 801Madison Avenue, 4th Floor New York, NY 10065 direct) EFTA00817640 745 Fifth Avenue, 5th Floor (mailing address) New York, NY 10151 This emall mess*. is stga)ect to the Elcetronks ComrnuMcations Privacy Act, 18 USG 99 2510-2521, and the In contalnsdn tNs total Is confidential Infonnation intended only for the use of the irderldual or entity named above_ If the reader of this message ti nt the Intended recipient. You are hereby notified that any tauten retransmission, disseminationor other use of, or taking of any action In reliance won, this information by persons or entities other than the intended recipent is strictly prohibited- If you have received this communication in error, pease Immediately noblyme and delete Meoriginalmessage. Mitchell Holdings* ha service mart used by a paw of limitedliability companies and partnerships. Mitchell Holdings' properties are being developed by single purpose oxnpanies, which aresolely responsible for their dowlopment, obligations and liabIlties. Photography may not represent amenities and conditions at all properties. Amenities, features, and concierge services may vary at each irdMdual 1411chell Holdings* property and are sula,ca to change without nonce_ Certain senices and amenities may have fees associated wah them We ate paged to the letter and spirit of US ',obey for the achievement of Equal Housing Opportunity throughout the Nation_ We encourage and support an aft:macho advertising and marketing pecan, In neigh there are no barriers to obtaining hOUSIA$ because of race, color, religion, sit, handicap. (menial status or national origin. this correspondence isnot Intended to, nor Malin be deemed to, constitute an agreement on behalf of Mitchell Holdings., or any of its affiliates for payment of any finder fees. commissions, or any corn...salon of any kind. From: Doug Date: Wednesday, September 21, 2016 at 10:10 AM To: Stephen Hanson < Subject: Re: Doug U free for a call Current interest rate = 7.754% I believe it is 7.25% floor + 1-mo. LIBOR Doug Arnaudin Mitchell Holdings LLC 801 Madison Avenue, 4th Floor New York, NY 10065 EFTA00817641 745 Fifth Avenue, 5th Floor (mailing address) New York, NY 10151 This emall message Is subject to the Eke-I/ones Communications PrlyacyAct, IS US.0 if 2510.2521, and Me information contained inIN, oma' Is conlidentbl infonkation intended onn fix the use of the indyidual or entity named above. If the reader of this message is not the Intended recipient. you are hereby notified that any revieoc retransrnkslon, dissemination or other use of, or taking o4 any action in reliance won, this informatbn by persons or entities other than the triterkled =Went Is stncdy prohibited. If you have received this cornmunicatbn in error, please immediately notify me and delete de original message. Mitchell Holdings. Is a service mart used by a group of limitedliability companies and parineships. Mitchell holdings' properties are being de-Moped by single purpose oxnpanies, which are sokn responsible for their derelcmnent, oblgatbns and liablities.Pholograptry may not represent amenities and conditions at all properties. Amenities, features. and ~imp serval may van at cad', indMdual Mitchel Holdings' property and an subpol to dyne without notice Certain services and amentties may have tees associated with them We are clogged to Me letter and spirit of US policy for the achievement of Equal Mousing Opportunity throughout the Nation_ We encourage and support an affirrnathe advertising and marketing program in "Mich there are no bafflers to obtaining housing because of race, color, religico, sex, handicap. familial status of national origin. This correspondence is not intended to, nor shall it be deemed to, constitute an agreement on behalf of Mitchell Holdings*, or arty of Its affiliates for payment of any finder feet, cemmlulons or any comp/medal of any kind. From: Stephen Hanson > Date: Wednesday, September 21, 2016 at 9:59 AM To: Doug Subject: Re: Doug U free for a call No. What % are we paying for each loan Sent from my iPad On Sep 21, 2016, at 9:55 AM, Doug Arnaudin < > wrote: Total Capital Stack 28,249,398 — Senior Loan (78.47% of $36mm) 6,475,075— Building Loan (17.99% of $36mm) 1,275,527— Project Loan (3.54% of $36mm) 22,000,000 - Equity 58,000,000 Doug Arnaudin EFTA00817642 Mitchell Holdings LLC 801 Madison Avenue, 4th Floor New York, NY 10065 745 Fifth Avenue, 5th Floor (mailing address) New York, NY 10151 This emailmessageIs stgVect to the ElectroNcs Communications Privacy An, Is US.0 gg 2510.2521, and theInformation contained iniNs email is confidential intomation intenckvionty for the use of the inetvidual or entity named above. If the reader of this message isnot the Intended recipient. you are hereby notified that any revieoc retransmission, dissemMation or other use of, or taking of any action In reliance upon, this informalicn by persons or entities other than the intended recipient hstrktlyprobbited. If you have received this oxnmirticatico in error, please immeclate4y notify me and delete the original message. Mitchell Holdings. se a service mart used by a cap of limited liability <meanies and partnerships. Mitchell Holdings' properbm are being developed by single purpose oxnpanies, which are solely rovonsIble for their dmotopment obligations and liablities. Photograph, may not represent amenities and cantons at all propenies. Amenities, leahres, and conciergesautes may vary at each indMdual 1Anchell Holdngs• property and are subsect to change wnhout notice. Cenain senices and amenities may have toes associated with therm We are pledged to thelatter and spirit of US pc/icykw the achievement of foal Housing Opportunity throughout the Nation. We encourage and support an affirmative advertising arclmathetirtg program in which there are no barriers to obtaining housing because of race, color, religion, set, handicap, familial status or national otter, This correspondence isnot intended to, nor shall it be deemed to, constitute an agreement cobehalf of Mitchell Holdings', or any of Its affiliates for payment of any finder fees, commiulons, or any compensationof arty From: Stephen Hanson Date: Wednesday, September 21, 2016 at 9:50 AM To: Doug Subject: Re: Doug U free for a call Can u put next to each line the % cost of loan Sent from my iPad On Sep 21, 2016, at 9:43 AM, Doug Amaudin > wrote: Total Capital Stack 28,249,398 — Senior Loan 6,475,075 — Building Loan EFTA00817643  1,275,527 — Project Loan 22,000,000 — Equity 58,000,000 Doug Arnaudin Mitchell Holdings LLC 801 Madison Avenue, 4th Floor New York, NY 10065 745 Fifth Avenue, 5th Floor (mailing address) New York, NY 10151 This emailmessageIs %Stipa to the Mai/ones Corrynuncations Privacy Act, 18 US.C. 99 251D-2521, and the information contained in this e,rnall Is oxifidential informaton mended °My fix the use of the irdryidual or entity named above. If the reader of this message is not the Intended recipient. you are hereby notified that any reviews retransmission. Olttemnatlon or other use of. or taken of any action in reliance upon, this informaucn by persons or entities other than the intended recipient Isstrictly omitted. if sou have marred this commtmtation in error. please immeelatcqy notify me and delete the originalmessage. Mitchell Holdings. Is a service matt used by a voup of limited liability companies and patio:Nuns. Mitchell Holdings' properties are heir* ckryoloped by single purpose [meanies, which are sok* responsible for Uses development. obligations and liabilenes. Photography may not represent amenities and con/Miens at all properties_ Amenities, feature; and concierges:4We. may wary at each inthidual hatcher' Holdings. progeny and are subiect to change without notice. Certansavices and amenities may haye fees associated with them. Wean pledged to the letter and spirit of US policy for the achesoment of (CILIA Houung Opport‘nity throughout the Nation. We orKoisage and support an affirmative aOsenlsng and marketing program in which the are no bacriersto obtaining houfing because of race. aria relipcn, sex. handicap. famlial status or national orpqn This correspondence isnot Intended to, nor shall It be deemed to, constitute an agreement on behalf of Mitchell Holdirtess, or any of Its affiliates for payment of any finder fees. commission; or any compensation of arty kind. From: Stephen Hanson Date: Wednesday, September 21, 2016 at 7:09 AM To: Doug Subject: Re: Doug U free for a call Tell me when UR up EFTA00817644 Sent from my iPad On Sep 21, 2016, at 12:41 AM, Doug Amaudin < > wrote: Ok Sent from my iPhone On Sep 20, 2016, at 11:19 PM, Stephen Hanson < > wrote: Sony 6 mos after we are open. For I year I really just need 1 year PL Sent from my iPad On Sep 20, 2016, at 10:37 PM, Doug Amaudin < > wrote: Confirmed - what is the time period? From date of refi through 12-months? Thanks, Sent from my iPhone On Sep 20, 2016, at 10:33 PM, Shanson900 > wrote: So I need total sales for hotel and fb / total Total costs as budget has it for each with % shown Show ebitda and then debt service in loan Then profit after All with % shown Give me a foot note as to term of the loan and % we are paying Also need a list of all $ into the entire project Bulk $ by loan type U need clarification all ? Sent from my iPhone On Sep 20, 2016, at 10:18 PM, Doug Amaudin > wrote: On plane, available tomorrow morning though or really late tonight. Sent from my iPhone On Sep 20, 2016, at 10:01 PM, Shanson900 < > wrote: EFTA00817645  So I can tell u what I need simple bulk # Sent from my iPhone 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], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00817646