From: Ada Clapp
Sent: Tuesday, November 3, 2015 3:17 PM
To: Jeffrey E.
Cc: Brad Wechsler
Subject: AP Narrows LP
Jeffrey,
=/p>
Should we move ah=ad with funding AP Narrows LP now (Brad thinks yes) or wait until we speak=to potential lenders
regarding discount rates they would apply against int=rests in AP Narrows LP as collateral (i.e., 50% plus additional
discount for LP wrapper?) vs. art held by LDB o= Narrows Holdings LP as collateral (i.e. 50%)?
Ada Clapp
Chief Legal Officer
Elysium Management LLC
445 Park Avenue
Suite 1401
New York, New York 10022
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