From: Jeffrey Epstein <jeevacation@grnail.com>
To: Melanie Spinella
Subject: Fwd: yacht
Date: Fri, 12 Apr 2013 20:45:12 +0000
9
Forwarded message
From: Eileen Alexanderson
Date: Fri, Apr 12, 2013 at 4:33 PM
Subject: yacht
To: "Jeffrey Epstein (jeevacation@gmail.com)" <jeevacation®gmail.com>
Just heard from the Captain of the Starfire that the boat will be in the dockyard for the next month. One of the things they
are doing there is a Lloyd's 5 year survey. I am thinking maybe we'd like an updated value??
Boat was valued at $25mi1 in Sept 2011. At time of purchase Leon drew down the line of credit we usually use for art
because we needed a quick turnaround and a survey hadn't been done in a while. So we have no debt on the boat. We
had talked about doing a takeout financing. When explored, the bank had been willing to do the financing for 70% of the
value in a 5 yr loan with 20 yr amortization schedule at libor + 1.75%. A swap to lock in the rate would have cost another 1-
1.25bps, I haven't checked rates lately. Just mentioning this in case we want to consider as we rearrange our credit. At the
very least, for liability protection purposes I believe we should put a loan in place between the Cayman co that owns the
boat and Leon. I could never get him to bite on this but just seems logical to do this.
Eileen Alexanderson
Black Family Partners. MI
do Apollo Management
W 57th Street
New York NY 10019
phone:
email:
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