From:
Sent: Sunday, May 15, 2011 3:14 PM
To: jeevacation@gmail.com
Subject: Re:
Yes, Janusch did a thorough walk through video. I thin= he was sending it to
I can't say the finishes are my taste but they are unobjectionable. What do=sn't show are the smart house systems. I am
analyzing it as a $40 million =ale which I think, based on broker consensus, is achievable.
I am preparing some options for you that go to security (besides mortgage) =uch as assignment of LLC interests,
restrictions on new debt in the LLC, r=strictions in the operating agreement preventing bankruptcy, prohibition o=
admitting new members, and the removal of Swanson as manager upon default=under any obligation. Transferring the
house to a new LLC (even with ident=cal ownership) will generate doc stamps of at least $210,000 possibly
more=($7,000 per million) on fair value (at least the total debt) plus $35,000 =n the new $10- Million mortgage. I am
trying to figure out a way to avoid/=inimize that.
Btw, assuming there is a reserve for interest on the second (up to $1.8m if=1 year), I think Swanson may still be short the
cash flow he may need to c=ver his other (non 1220) obligations. But, he does have options to cover t=at, eg selling a
Phipps lot.
I am going to NYC on Saturday, back to PB late in week.
Also, I am planning to go London around the June 9 for a long week.
You around either?
From: Jeffrey Epstein <jeevacation@gmail.com>
To: paul prosperi
Sent: Sun, May 15, 2011 6:49 am
Did janusch photograph it.. from the brochure it looks like it needs 500k o= re do at least.
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