From: Cecile de Jongh To: JEE [email protected]> Cc: Jeanne Brennan < >, Richard Kahn Subject: Fwd: AYH Date: Fri, 31 May 2013 08:53:03 +0000 Attachments: Deed_signed_and_attested_with_Tax_Letters_(1-5-07).pdf; Bill of Sale Fixed Assets AYH (1-18-07).pdf; _ _ _ Fixed_ Assets _ Assignment_of Coastal_Zone_Mgmt_Permits_(12-13-06).pdf; Assignie_Assump_of Material_Contracts,filip_Agreements_and_Leases_(1 -18-07).pdf; Purchase_and_Sale_Agreement_AYH_10-23-06.pdf We have all of this with the exception of the Bill of Sale. I think I should reiterate that we need the closing does from the 1/17/07 transfer of title and the later closing with Banco Popular along with the appraisal. Also, a copy of a canceled check(s) in the amount of $25,500,000 from IGY-AYH Acquisitions to MOF VI. This was a private sale (no bank involvement) in 1/17 but there must be a closing statement which lists all costs, fees etc. At the end of the day, I think the does should roughly show: JE investment $5,100,000 AF investment $5,100,000 Banco Loan. $15,300,000 Purchase amt. $25,500,000 JE put in about $12,750,000 (half of the "value") and later, when the Banco financing was concluded, he got back about $7,650,000 from the proceeds. The question is, how could the bank support a $15,300,000 loan on a property that, on record (based on the last deed) is valued at only $6 million? Jeffrey, if you are a 50% owner and signed loan does, we can ask the bank for the closing information. Thoughts? With warm regards, Cecile Sent from my iPhone Begin forwarded message: From: "Garrison, Frank" Date: May 30, 2013, 10:50:45 PM GMT-04:00 To: Cecile de Jongh Cc: "Garrison, Frank" EFTA00961943