📄 Extracted Text (281 words)
From: jeffrey E. <[email protected]>
Sent: Thursday, April 26, 2018 2:34 AM
To: Kathy Ruemmler
Subject: Re: Apartment stuff
ok we will move in june. pay 500k down b=lance june 19. . you need to get a price to lock for one year.=. no charges
until june 19. . in contract in=bullshiit. means nothing.
<=iv class="gmail_quote">On Wed, Apr 25, 2018 at 8:39 PM, Kathy Ruemmler <=pan
dir="ltr") > wrote:
2d unit is now in contact. Sponsor is saying that closi=g will happen in July ("best guess"). Here are the b=sics:
Purchase price: $7,774,000
Contract signed: 4/4/17
Down payment paid: $774,000
Mortgage rate, based on $5,000,000 loan: 2.875%.
Locked through 5/31/18. Paid $68,000 to date for lock rate. $37=000 to be reimbursed at closing by lender.
Sponsor has agreed to rei=burse up to max of $37,500 for rate lock. Lender says that additiona= 90-day rate lock (from
5/31 to 8/31) will be additional $37,000.
Sponsor has agreed that I can take possession of unit (either through closi=g or rent-free lease) by 6/1/18, or I
have right to cancel.
=AO please note
The information conta=ned in this communication is confidential, may be attorney-client privi=eged, may constitute
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EFTA_R1_01565821
EFTA02460302
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