EFTA02599787.pdf

From: jeffrey E. <[email protected]> Sent: Tuesday, September 26, 2017 5:51 PM To: Paul Barrett Subject: Re: 2 things some 2 som 3 On Tue, Sep 26, 2017 at 1:19 PM, Paul Barrett mailto wrote: And for 2 —you like option a, b or c? Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th Street, llth<=sup> Floor, New York, NY 10019 tel: (o) <tel (c) aa> <mailto =/span> From: jeffrey E. [mailto:jeevacation@gmailcom <mailto:[email protected]> ] Sent: Tuesday, September 26, 2017 12:16 PM To: Paul Barrett <mailto Subject: Re: 2 things i like 2. no secondatry market in 1 <=u> On Tue, Sep 26, 2017 at 11:26 AM, Paul Barrett «= href="mailto: target="_blank' rote: Hi Jeffrey EFTA_R1_01786498 EFTA02599787  Let me know your interest level on the following:=/u> 1. Build a 55-10MM 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 e. Distributions received quarterly f. I think of this as part of the illiquid fixed income portfolio.</=> 2. Defaulted credit card and auto loan debt (they buy paper at 3c on the dolla=, obtain judgements and garnish wages; recoveries anywhere between 5c-100c=on the dollar) a. Option 1— provide a 3yr loan at 10% against the portfolio b. Option 2 — Provide a 3yr loan at 6% with a 20% equity stake in what=gets recovered through years 4.6 (my guess is a 13% IRR over the 6 years)<=> c. Option 3 — No debt, all equity. IRR in the 20%-30% (distributions h=ve 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 Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&=entry=gmail&source=g> th =treet, 11th Floor, New York, NY 10019 el: (o) (c) =/u> mailto 2 EFTA_R1_01786499 EFTA02599788  =u> <a please no=e 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 =AO please note The information contained i= this communication is confidential, may be attorney-client privileged,=may constitute inside information, and is intended only for the use =f the addressee. It is the property of JEE Unauthorized use, disclos=re or copying of this communication or any part thereof is strictly pro=ibited and may be unlawful. If you have received this communication =n error, please notify us immediately by return e-mail or by e-mail to =a href="mailto:[email protected]" target="_blank">[email protected], and destroy this communication and all copies thereof, inc=uding all attachments. copyright -all rights reserved 3 EFTA_R1_01786500 EFTA02599789