EFTA02662614

From: Kathy Ruemmler Sent: Friday, February 3, 2017 3:50 PM To: jeffrey E. Subject: Fwd: Mortgage Options The chart didn't go through, but I can=translate if you can't see how these line up. Sent from my iPad Begin forwarded message: From: <Kathryn.Ruemm Date: February 3, 2017 at 10:14:09 AM EST Subject: FW: Mortgage Options From: Cleveland, Cindy Sent: Friday,=February 3, 2017 7:09:30 AM To: Ruemmler, Kathy (DC)=br>Cc: Mckinnon, Marilyn Subject: Mortgage Options Hello Kathryn - It was nice t=lking to you today. The apartment sounds wonderful! <=span> Here are payments on a $5MM mortgage based on today's purcha=e rates. We can lock the loan when you are under contract and within 6= days of closing. We would be looking for construction to be 100% com=lete and for 50% of the units to have closed in order to close our mortgage= These rates are subject to change of course, but of course we will g= to bat for you to get you the best possible rate when the time comes. Loan Details <=span> Mortgage Product 3= Year Fixed 10/1 ARM 7/1 ARM EFTA_R1_01911536 EFTA02662614 Loan Amount <=pan> $5,000,000.00 $5,000,=00.00 $5,000,000.00 Interest Rate 4.125% <=pan> 3.250% 3.125%<=r> Monthly Payment $=4,232.49 $21,760.32 $21,418.77 loan=Details =/span> Mortgage=Product 30 Year I/O 10/1 ARM I/O 7/1 ARM I/0<=r> Loan Amount $5,00=,000.00 $5,000,000.00 $5,000,000.00 Interest Rate 4.2500% 2 EFTA_R1_01911537 EFTA02662615 3.37=0% 3.250% $17,708.33 $14,062.50 $13,541.67 Citi Private Bank is fine wit= using unsecured loans towards the down payment. If you are intereste=, Marilyn and Ricardo can look at doing Line of Credit up to $1MM at Prime +.0%. If you or your seller would like a pre=approval letter, we can take an application, document income and pull credi= in advance of going under contract. We'd send the information throug= underwriting so you'd have a pre- approval letter in hand when negotiating t=e contract (on this or any property really). Then we'd move forward w=th items relating to the property - appraisal, title work, insurance - abou= 60 days from closing. Thank you for givin= Citi Private Bank the opportunity to help with your financing. =Please let me know if you have any questions. We look forward to work=ng with you. Best, Cindy <=span> Cindy B. Cleveland NMLS 541218 Manager, Mortgage Associate Citi Private Bank <=pan> 2859 Paces Ferry Road, S.E. Vinings Ov=rlook III Suite 700 Atlanta, GA 30339=/span> office phone: 678 842.5636 This email may contain mater=al that is confidential, privileged and/or attorney work product for the so=e use of the intended recipient. Any review, disclosure, reliance or d=stribution by others or forwarding without express permission is strictly p=ohibited. If you are not the intended recipient, please contact the s=nder and delete all copies including any attachments. Latham & Watkins LLP or any of its affiliat=s may monitor electronic communications sent or received by our networks in=order to protect our business and verify compliance with our policies and r=levant legal requirements. 3 EFTA_R1_01911538 EFTA02662616 Latham & Watkins LLP 4 EFTA_R1_01911539 EFTA02662617