EFTA02429670

To: From: Sent: Subject: RE: 690 Madison [email protected]] Mon 3/1/2010 3:18:20 PM I will pass along. From: Jeevacation [mailto:jeevacation©gmail.com] Se • arch 01, 2010 10:12 AM To: Subject: Re: 690 Madison Thank but can't , I understand abie is involved Sent from my iPhone On Mar 1, 2010, at 10:00 AM, wrote: From: David Mitchell Sent: Monday, March 01, 201 : 7 AM Tojippik Su . Bison Please pass on to JE Dear Jeffery Wanted to send you a brief update It looks like we are one of 6 bidders for the Carlton. It also looks like the price is headed in the high 1405. A number of Lenders and Equity participants are committed to us but the most likely one is Baupost who claims they will write the check EFTA_R1_01499415 EFTA02429670 for everything debt and equity (all but the sponsor equity)and then look to syndicate out the debt on best terms. Hope all is good, I am doing Passover in Miami would you like to come to my Seder David CONTACT INFORMATION BELOW DAVID MITCHELL Mitchell Holdings LLC 41 East 60th street New York NY 10022 USA EFTA_R1_01499416 EFTA02429671