From: David Stem Sent: Friday, September 30, 2016 7:23 PM To: Jeffrey Epstein Subject: Royal Monceau Paris Penthouse Have a look. Good French fri=nd, crazy guy, into art and beauty , in big financial trouble (tax): <=iv> Begin forwarded message: From: "Alexandre Allard"To: Subject: Royal Monceau Paris Penthouse Hi Mishal, Cool to tak to you on the phone. Please find attached a few pictures of my apartment located inside the Roy=l Monceau. 5 STAR HOTEL PREMICES: It is the only private apart=ent in a Palace Hotel in Paris. It has a private lift leading directly to t=e 25 meter swimming pool, the gym and the Spa, 24/7 hotel security, it has a=private lobby access and a main access through the hotel lobby. LARGEST HOTEL SUITE: There bedroom duplex, for 380 square meters, 2 garden=terraces and a terrace kitchen for 110 square meters, a studio of 40 square=meters with a bath room on the same floor. As the entire hotel, designed by=Philippe Starck, it is fully fitted, with wood paneling and mirror brass fi=ish to the utmost quality. 5 of the most important contemporary artists hav= designed site specific installations to decorate the premises. The Sky Cei=ing in the living room is 7 meter high. TRANSACTION: The idea of the=operation is to sell the apartment at a discounted price of €12 mil=ion against the option to buy it back in 4 years for €14 Million.&n=sp; The company owning the apartment has €7 million of Debt on i= and provided the bank is ok (which should be the case), the buyer will onl= have to pay €5million and the transfer tax on the transaction shou=d be limited to below €200,000 as on y applicable on €3 mil=ion. The buyer will have free unlimited use of the place for the d=ration of the ownership. Hence the investor is either going to getrback €7 million on a €5 million investment over 48 months o= if I do not buy make a huge upside on the value of the apartment in 2020.<=r> WHAT IS INCLUDED: All the furniture, china, linens, kni