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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 )
12/1/15 - Despite the positive meeting down at the site, Barbara is having difficulty pushing this forward internally at the proposed structure. Their primary concern relates to the size of the transaction, and the total number of units in the project all coming online at one time. While their legal lending limit is $210 million, due to the number of units in this project, they would likely not be able to be the lead bank on the transaction. Additionally, she said their non-recourse funds top out at 50% LTC.

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
10/21/2015	Sent initial email -- duke
11/10/2015	left voicemail, attempting to schedule a site tour for next week. -- duke
11/05/2015	Requested a meeting, coordinating schedules -- duke
11/20/2015	Site tour arranged for Monday 11/23/2015 at 2pm -- duke
12/02/2015	12/1/15 - Despite the positive meeting down at the site, Barbara is having difficulty pushing this forward internally at the proposed structure. Their primary concern relates to the size of the transaction, and the total number of units in the project all coming online at one time. While their legal lending limit is $210 million, due to the number of units in this project, they would likely not be able to be the lead bank on the transaction. Additionally, she said their non-recourse funds top out at 50% LTC. -- duke
12/15/2015	Passed - Too much indigestion internally surrounding the size of the project/number of units that would be delivering at the same time. Might consider a participating piece, but they would likely look for full repayment guarantees. -- duke

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