EFTA02542363

From: Jeffrey Epstein <[email protected]> Sent: Frida , Au ust 5, 2011 12:47 PM To: Subject: Re: Thanks ok„ but send the details „ i could always ask howard„ i like him =div class=" mail uote">On Fri, Aug 5, 2011 at 2:43 PM, David Mitchell <=pan dir="ltr"><I I <mailto » wrote: Tough to do as the deal closed in February Lorber is an investor an= Prudential is the broker Sent via BlackBerry from T-Mobile <=r>David Mitchell MITCHELL HOLDINGS LLC 815 Fifth Avenue New York NY 10065 fax <mailto From: Jeffrey Epstein <[email protected]> Date: Fri, 5 Aug 2011 11:39:25 +0000 To: <mailto Subject: Re: Thanks=/div> > > i would like to do a similar soho house type deal , take the penthouse inst=ad of profit but only if convenient. On Fri, Aug 5, 2011 at 1:28 PM, David Mitchell <=pan dir="ltr"> < <mailto > wrote: units Yes,l am sending you a stacking plan ,in a few hours Right now the project is designed with a large duplex penthouse ,but we mig=t separate them into two They are "loft" style I am still negotiating to buy out the promote and hope to have that done to=ay EFTA_R1_01692225 EFTA02542363 Sent via BlackBerry from T-Mobile David Mitchell MITCHELL HOLDINGS LLC 815 Fifth Avenue New York NY 10065 fax cell <mailto From: Jeffrey Epstein <[email protected] <mailto:[email protected]=m» Date: Fri, 5 Aug 2011 11:11:00 +0000 To: David Mitchell <mailto => > Subject: Re: Thanks what type of apts.. is there a penthouse? On Thu, Aug 4, 2011 at 5:03 PM, David Mitchell apan dir="ltr> < <mailto > wrote: For calling me back , As I outlined there is 950,000 in investor unit on 21 e 26th street We closed our deal in February and since then have received Landmark approv=l to extend the building one more floor We have also completed the demolition and have removed all the asbestos The 950,000 is part of the placement that I did with friends and family of =,000,000 The deal is that after the mortgage debt is paid 100 percent goes to return=of capital ,once that happens 75 percent goes to the investment group No fees are paid until return of capital There- after the development group receives the residual A quick snapshot is Mortgage 15.625 Debt 338,000 Equity 7,800,000 Square feet to sell 33,000 We plan to offer a white box unit at 1300 a foot And one finished unit at 1600 a foot 2 EFTA_R1_01692226 EFTA02542364 (Comps are higher) I believe there is a sellout of over 36.38 million I also believe it will happen with in 12 months I think this is attractive because most of the risk of approvals and asbest=s removal is behind No guarantees but should be good Sent via BlackBerry from T-Mobile David Mitchell MITCHELL HOLDINGS LLC 815 Fifth Avenue New York NY 10065 ax cell <mailto 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 Jeffrey Epstein 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 jeevacation@gmailcom <mailto:[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 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 3 EFTA_R1_01692227 EFTA02542365 Jeffrey Epstein 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] <[email protected]> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved The information contained in this c=mmunication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the a=dressee. It is the property of Jeffrey Epstein Unauthorized use, di=closure or copying of this communication or any part thereof is strictl= prohibited and may be unlawful. If you have received this communication in error, p=ease notify us immediately by return e-mail or by e-mail to [email protected], =nd destroy this communication and all copies thereof, including all attachm=nts. copyright -all rights reserved 4 EFTA_R1_0 1692228 EFTA02542366