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Date	09/22/2015
Greenwich Coverage
E-teaser Status
CA Status
IOM Status
Term Sheet Status
Categories	Term Sheets Received Executed Confidentiality Agreement Received Detailed Discussions Initial Discussions Groups that have Passed Uncategorized
Investment Criteria
Status for Deal Tracking Report (Most Recent Comment - Custom Comment )
12/08/2015 - Jason is aware of our timing. They would be comfortable holding $50 million on their books, and would likely top out at 65% LTC non-recourse. I have offered site tours and the opportunity to speak with IDI, Kettler, or Noell Consulting. He will be back to me before the 16th. He reached out for confirmation that the $14,070,000 is actual cash invested in the project. Patrick is putting together a schedule of the actual cash invested in the project in order for us to craft a response.

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
10/21/2015	Sent initial email -- duke
11/13/2015	Good conversation with Jason Baker. He is digging in and requested the financial model and the market study which have since been sent. Will follow-up once he has had a chance to digest everything. -- duke
11/03/2015	left voicemail -- duke
11/10/2015	left vm -- duke
11/05/2015	Initial discussions, no solid feedback at this time -- duke
11/19/2015	left voicemail -- duke
12/01/2015	11/13/15 - Likely not able to get to 70% LTC on a non-recourse basis. Could potentially do 60-65% LTC. Awaiting additional feedback. 12/01/15 - left voicemail -- duke
12/08/2015	Jason is aware of our timing. They would be comfortable holding $50 million on their books, and would likely top out at 65% LTC non-recourse. I have offered site tours and the opportunity to speak with IDI, Kettler, or Noell Consulting. He will be back to me before the 16th. -- duke
12/17/2015	Awaiting Terms - Spoke with Jason Baker this morning. Due to HVCRE they are only able to recognize the cash basis in the property. He needs to sit down with their team, and will try to get us some indicative terms/feedback prior to our meeting this afternoon. He did mention this may be difficult due to the fact that they have credit committee and a few loan closings today. -- duke

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