To:
Cc:
Fran:
Sent: Fri 4/19/2013 4:25:46 PM
Subject: Re: Residence Construction Advance
yes! We arc both available for a call..sooner rather than later would be good so Bob can also have
the conversation with the bank...would 1:30 work?
On Apr 19, 2013, at 12:15 PM, Suc Caffrey wrote:
We may want to discuss this so Bob responds appropriately.
Can we have a quick call later?
Sue Anne Caffrey
Sr. Account Manager
Lease Administration
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Cushman & Wakefield of New Jersey. Inc
1150 Headquarters Plaza, Morristown. NJ 07960
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From: Robert
Sent: Friday, April 19,111.
To: Sue Caffre.
Subject: FW: Residence Construction Advance
From: Simington, Eugenia l
Sent: Friday, April 19, 2013 10:28 AM
To
Cc: ; West, Linda
Subject: Residence Construction Advance
Good morning:
I am the administrator who is coordinating the advances between the Groffs and
Stamford First Bank.
The inspection which took place on Wednesday 4/17/13 has generated several
questions on which I need you to provide additional details.
1. Excavation & Grading: Why has the actual costs to date of $71,647 exceeded the
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budgeted amount of $10,065. Do you expect additional outlays for excavation
and if so how much?
2. Concrete Slabs: On your budget this items is labeled Deck or Patio. Little work
has been done on decks or patio. Is the Concrete Slab category the same as
Decks & Patio?
3. Framing, Sheathing, Partitions ($227,000: Labor & Materials): Does this line
item include exterior trim or installation of the windows/ doors? Or are they
listed in other line items? Please explain in detail.
There is a significant amount of framing that has been completed yet your
request of $49,195 (labor & materials) seems very low.
The advance will be computed when the bank has received clarification on the
above line items
Thank you,
Eugenia Simington
Commercial Loan Administrator
Stamford First Bank
Tel
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