From: Jeffrey Kogan • To: "Jeffrey E." <[email protected]> Subject: Re: Jeffrey Kogan - Asset Lending Deal Date: Wed, 08 Jun 2016 15:50:21 +0000 I really appreciate your perspective. The question is, do you feel that I have sufficient downside protection. The subject jet was appraised and inspected yesterday by a company hired by the investors. The appraised value was approximately $6.0M (the engines are in great condition with a GE maintenance contract and recent upgrades were put into the jet). The loan is for $2.25M for twelve months. I was thinking about putting $500K into this deal. If in the event the borrower defaults, the investors already own full Title to the asset. They would terminate the borrower's Lease Agreement and then manage an orderly sale of the asset. Do you feel that the investors have sufficient downside protection between $6.0M and $2.25M? On Wed, Jun 8, 2016 at 10:08 AM, Jeffrey E. <[email protected]> wrote: i like the loan shark buz in general the question is the readily avable sale at the end On Wed, Jun 8, 2016 at 9:56 AM, Jeffrey Kogan . wrote: I understand. In the deal that is closing tomorrow, the Group gets Title to the jet. What Faith originally sent you was a deal my friend invested in in March 2016 and in that deal, the Group had a first lien on the jet. A mutual friend of ours wanted to see the documentation from a past deal and that was an attachment to the email you received from Faith. On Wed, Jun 8, 2016 at 9:46 AM, jeffrey E. <[email protected]> wrote: jeff, if they are receiving title they are the owner not the lien holder , im confused On Wed, Jun 8, 2016 at 9:43 AM, Jeffrey Kogan wrote: The group has dealt with reclaiming collateral and have been successful in every instance including a recent bankruptcy case. Investors never lost principal. If anything, they explained, they made more on the extra premium of the asset. The deal on the table the group is inviting me to invest in, ac