From: Paul Morris <1
To: "Jeffrey E." <jeevacation@grnail.com>
Subject: RE: FW: Miami project [C]
Date: Tue, 01 Mar 2016 15:59:00 +0000
Classification: Confidential
Will send over today
Paul Morris
Managing Director
Deutsche Bank Private Bank
Offic
Cell:
From: Jeffrey E. [mailto:jeevacation@gmall.com]
Sent: Tuesday, February 23, 2016 5:51 PM
To: Paul Morris
Subject: Re: FW: Miami project
im always interested, on my other front 30 days to receive numbers
On Tue, Feb 23, 2016 at 11:46 PM, Paul Morris <1 > wrote:
Thoughts?
Original Message
From: Paul Morris
Sent: Tuesday, February 23, 2016 05:40 PM Eastern Standard Time
To: Paul Morris
Subject: Miami project
With limited details that I can share, DB is evaluating extending a bridge loan to a Miami "ultra" luxury residential high rise project to
help facilitate building completion (expected in 2017). Just under half of the units in the building have been sold and collateral for the
loan will be unsold units. Loan will be in the --$75mm area at a --50% LW. We will be looking to source a put option to protect our
loan. The option seller would be paid a premium upfront for the protection and work with us directly during the diligence and loan
structuring process.
Is this something you would be interested in exploring conceptually? We are hoping to be in a position to share more details in the near
future but want to have a couple of interested parties ready for detailed discussions so we can move quickly when the time comes.
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