MUCHNICK, GOLIEB & GOLIEB,
MEMORANDUM
TO: Steve Hanson
FROM: Howard W. Muchnick
SUBJECT: LifeHotel: Monies Needed
DATE: July 7, 2017
Monies Available (All amounts in millions)
New Loan Amount ... Reserve (2)
Held back until EBITA of 3.8 million is attained
Balance: Available to LifeHotel;
None will be used for loan repayment 1
Remaining cash from existing loan