To: Richard Kahn(
From: Jeffrey Epstei
Sent Fri 12/20/2013 4:41:56 PM
Subject Re: LV Promissory Note
no recorded non recourse
On Fri, Dec 20, 2013 at 11:31 AM, Richard Kahn ‹ > wrote:
I wanted to clarify facts for Darren to draft:
a) 10 year term at annual AFR which for December 2013 is 3.32% - loan amount 225,000
b) note will be in Eileen Visoski name
c) 25% interest in ranch house will be pledged as collateral
d) note will not be recorded
e) recourse or non recourse?
If recourse do we have potential Cancellation of Debt Income?
Please advise if note will be recourse vs non recourse
Richard Kahn
HBRK Associates Inc.
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