EFTA Document EFTA01386780

In 2017, JPM offered Leon a $300mm unsecured loan. We were offered a chance to compete but offered a $200mm mortgage. Leon preferred not to pay the mortgage recording tax. BAML ended up getting the business done unsecured with a negative pledge over the properties (and APO shares, presumably). We have recently been given an opportunity to expand our relationship and are currently evaluating a small line of credit to an insurance company that Leon bought last year. We don't see much investme