From: "Frank McKinney" ctl To: "'Jeffrey Epstein"' <[email protected]> Subject: RE: anonymity and a model Date: Thu, 15 Oct 2009 14:42:31 +0000 Good Morning Jeffrey, No house on the 520,' just landscaping/park? f satth ill Kinneat From: Jeffrey Epstein [[email protected]] Sent: Wednesday, October 14, 2009 11:21 AM To: Frank McKinney Subject: Re: anonymity and a model no the park would be the entire 520„ i appreciate your creativity„ my sense is that if you can refinance for the 250k that you mentioned that seems like the best short term solution. If I can find the time, I will come visit On Wed, Oct 14, 2009 at 11:15 AM, Frank McKinney > wrote: Good Morning Jeffrey, Had a thought regarding confidentiality as it relates property rights transfer. I share the following with the assumption that you maintain a level of interest in Acqua Liana and the 5.57 acres/520' of direct oceanfront land at 700 S. Ocean. Tell me to cease any time: As you know, my debt matures on 12.31.09. If all or some of my properties do not sell before this date I will finalize a one year extension with Bank of America. Rather than extend my facilities with B of A, enter into an agreement with a distant company that you control to refinance my debt, plus a sum equal to what I would in effect "sell" the properties for. In essence your entity becomes the "bank." This extension would be for 6 months to a year. At maturity, the debt would simply convert to equity, or the properties would be conveyed to the "bank" in some other manner. If you wanted the 150' to the south of Acqua Liana that I no longer own, the refinance would include an adequate sum to allow me to purchase that property from Harold Pontius, thus giving the new "bank" control of all 820,' if that is what you desired. The media and snooping parties are looking for high-dollar traditional real estate transactions to create headlines from. They could care less about a refinance, and if they did