EFTA02603089

From: David Mitchell < Sent: Thursday, December 21, 2017 1:41 PM To: Jeffrey Epstein Subject: Fwd: Re: update below, if I can get him to $3.2 net with escalations it might work $60,000,000 x 5% DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA </=> <mailto Begin forwarded message: From: Bruno Haid < <mailto Date: December 21, 2017 at 8:38:13 AM EST To: David Mitchell < Cc: <mailto <mailto > > Subject: Re: Morning David, <mailto > > > " < thanks for following up and the patience as we had our holiday party y=sterday: > > As mentioned we'd be looking for something where there is more flexi=ility in repositioning it towards extended stay, which I'm not sure the =urrent lender structure supports. We can do 6 months deposit and underwrit= taking on the occupancy risk with a $2.8-3MM net lease and some shared upside. Purchase wise it'd need to =e closer per key to what Thor paid for the James in Soho + air rights =assume —$45MM). Fully understand if that doesn't work for you and agree on the decen= chance to make it well through the current phase of increasing oversupply= and of course open to any ideas you might have on your end (creative solu=ions included, after all the main advantage of a startup.) Around for most of the day, at all the best in the m=antime, Bruno EFTA_R1_01791996 EFTA02603089 Sent from a mobile device wrote: On Dec 20, 2017, at 20:18, David Mitchell < Bruno are you sending me something tonight, Hope to see it soon, David DAVID MITCHELL Mitchell Holdings LLC 745 Fifth Avenue New York NY 10151 USA <mailto > </a <mailto > 2 EFTA_R1_01791997 EFTA02603090