From: Jeffrey Kogan <I To: "jeffrey E." -4 Subject: Re: Jeffrey Kogan - Asset Lending Deal Date: Tue, 07 Jun 2016 21:07:55 +0000 JE hups://www.globalair.corn/aircrall_for_sale/Businessiet_Aircraft/Bombardier/Challenger 604.html Take a look at comps. The appraisal came in at approx. $5.9M (maybe high) I'm thinking this asset can sell at some price. I can't believe it would have to be dumped to the point where it goes below principal. Based on Appraisal and link above, I would welcome a default from borrower. Can I call you? On Tue, Jun 7, 2016 at 3:19 PM, jeffrey E. <[email protected]> wrote: liquidaion values only relevant if actually can be sold On Tue, Jun 7, 2016 at 2:45 PM, Jeffrey Kogan <*effreyskogan@gttn> wrote: Hello Jeffrey Thank you for looking at Faith's email yesterday. I sent it to Faith to give her a better understanding of asset lending deals I want to invest in. The email I sent to Faith was also intended for a friend that asked to see the type of documentation that accompanied a typical asset deal. Those documents were attached to the email that both you and Faith received. It included: Operating Agreement (Copy) Aircraft Security Agreement (Copy) Promissory Note (Copy) Guaranty (Copy) My friend, who is inviting me into these asset deals, participated in the Hawker 800XP deal that closed in March 2016. In this particular deal, an aviation broker took the Hawker 800XP in as a trade-in for a sale of a new jet. This particular Hawker was appraised at $2.5M but the broker's price was $1.9M. For whatever reason, the broker needed $800K for this sale and trade-in. The lending group provided the $800K at 10% interest for a period of six months. The lending group received all the interest up front at closing and as a guaranty on the loan, the lending group received a first lien on the Hawker 800 that was traded in and appraised at $2.5M. A new deal is on the table that I want to invest in. The lending group is providing app