EFTA02355800

From: David Mitchell Sent: Saturday, June 3, 2017 9:26 PM To: Jeffrey E. Subject: Re: They have been as hotel was closed for three month and restart was exp=nsive , but this month of May is coming out of the hole , with an average =f 50 rooms By end of June there will be 94 rooms <=div> This sheet (and I have tons of back up )was =o show What is cost of project What has been spent and what was the sourceadiv> What is left to complete and what is the fun=ing DAVID MITCHELL Mitchell Holdings LLC On Jun 3, 2017, at 5:14 PM, jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote: but arent they negatvie? On Sat, Jun 3, 2017 at 5:13 PM, David Mitchell <=pan dir="ltr"> wrote: Operating costs are not zero ,but only when they go negative would the= show up here as this deals with cost left in project and how it is being =aid for DAVID MITCHELL EFTA_R1_01339448 EFTA02355800 On Jun 3, 2017, at 5:05 PM, Jeffrey E. <[email protected] <mailto:jeevacation@gm=il.com» wrote: yes, but says operating cost remaining is zero=? . is this somehow a net number. On Sat, Jun 3, 2017 at 5:04 PM, David Mitchell apan dir="ltr"> wrote: The bank release funding once a month Currently there is $459,000 in the lock box which will be released on =une 9 Hotel is due to get $323,599 to cover its expenses DAVID MITCHELL Mitchell Holdin:s LLC On Jun 3, 2017, at 5:00 PM, Jeffrey E. <[email protected] <mailtojeevacation@gm=il.com» wrote: but arent there operating costs remaining? ? <=r> • M, David Mitchell apan direltr"> wrote: Hotel is generating income and the loan modification which should clos= in next few weeks has a shortfall reserve if it is needed 2 EFTA_R1_01339449 EFTA02355801 This is deals with the project costs DAVID MITCHELL Mi h On Jun 3, 2017, at 4:55 PM, Jeffrey E. <[email protected] <mailto:jeeyacation@gm=il.com» wrote: remainng? where is either the 991 or the 1.2 on the list? = , why are operating zero On Sat, Jun 3, 2017 at 4:25 PM, David Mitchell <=pan dir="ltr"> fyi, DAVID MITCHELL Mitchell Holdin s LLC Begin forwarded message: From: please find the up to date information 3 EFTA_R1_01339450 EFTA02355802 This does not take in account mini construction loan funding from DB t= cover the extras and the buildout of back four rooms The request was $860,237 , which would reduce if granted the the secon= round of investor notes by that amount It was not included as it has not been approved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, 4 EFTA_R1_01339451 EFTA02355803 including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected] <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 5 EFTA_R1_01339452 EFTA02355804