To: • • .com[jeevecation@gmail.corn]
From:
Sent: Sat 11/5/2011 4:32:03 AM
I saw Swanson.
He says the other deal to add $1M to the second and extend the first to June 30 is "done". I think "done" means
he is confident it will close. I don't think he is confident we would. And he is afraid to mess more with TD and
Kosoy.
He is looking for $1.5M more. He desparately needs it and he will give a second on his house and adjacent lot in
Phipps for $2M - the difference being interest for a year. It would be junior to $4.7 held by Northern. The
property recently appraised for $11.5M. He says there are two guys circling and he thinks it will get done this
week. On the other hand, he offered it. I guess we'll see.
As you can imagine, at this point, I'm pretty disappointed.
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