EFTA02145613

To: From: p i ip cn asi Sent Wed 3/6/2013 8:52:42 PM Subject: HISTORIC TAX Credit Fro SubljelMniredit Date: Wed, 6 Mar 2013 15:22:43 -0500 Leslie; On my Long Branch,NJ condo and rental project, approx. $500,000 in Historic Tax Credits will be generated. I will transfer ALL of these tax credits for $1 dollar to someone who loans my project $800,000 @ 8% interest for 6 years, subordinate to a construction loan. For example, if they owe $500,000 in Federal taxes, than with this $500,000 Historic Tax Credit, their Federal tax owed is reduced to $0, plus they get an 8% return on their principle for 6 years. The 6 year period is to avoid any IRS recapture provisions. If your clients need this write-off, I can be reached at Thank you, Philip G. Crifasi, Jr. EFTA_R1_00802959 EFTA02145613