EFTA02429683

To: Jeffre E stein[jeevacation©gmail.com] From: Sent: on 3:00:04 PM Subject: FW: 690 Madison Title: 690 Madison From: David Mitchell Sent: Monda March 01, 2010 9:07 AM To: SubJect: 690 Madison 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 14.os. 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 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 EFTA_R1_01499431 EFTA02429683 New York NY 10022 USA EFTA_R1_01499432 EFTA02429684