From: "Jeffrey E." <jeevacation®gmail.com>
To: "Barry J. Cohen" .<
Subject: Re: Re:
Date: Fri, 20 Jul 2018 19:38:06 +0000
yes thx
On Fri, Jul 20, 2018 at 3:01 PM, Barry J. Cohen < wrote:
LIBOR varies a little every day. Right now, 1 month LIBOR is 2.08%. So L+ 125 is 3.33%. If we have
$850MM outstanding for the next year, and LIBOR doesn't change, we would pay is about $28.3MM. I didn't
factor in 360 day year calculations. Just simple arithmetic.
Is that what you are asking?
From: Jeffrey E. [mailtojeevacation@gmail.com]
Sent: Friday, July 20, 2018 11:55 AM
To: Barry J. Cohen
Subject: Re: Re:
sorry total rate. ? total cost for the year?
On Fri, Jul 20, 2018 at 11:43 AM, Bany J. Cohen < wrote:
850
From: Jeffrey E. [mailtojea@gmail.corn]
Sent: Friday, July 20, 2018 11:42 AM
To: Barry J. Cohen •
Subject: Re:
latest total?
On Fri, Jul 20, 2018 at 11:40 AM, Bany J. Cohen ce wrote:
One-month LIBOR + 125. We are in negotiations to improve the terms, which might affect the rate.
Even if we improve the terms, unclear what the rate will be. We are arguing over that now. I think they
want an extra 25 bps. We're offering 10 bps, or maybe 0.
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The loan is a two year loan that keeps getting renewed. Currently matures 7/31/19. The rate formula
does not change over the course of the loan.
All good here. Hope you're the same.
From: jeffrey E. [mailto:jeevacation@gmail.com]
Sent: Friday, July 20, 2018 11:34 AM
To: Barry J. Cohen <1
Subject:
what interest rate is currently on the art loan ? when does it raise and to what hope you are well
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