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Date	10/27/2015
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 )

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DEAL TRACKING COMMENTS
Date	Comment
02/02/2016	Re-engaged Jason Miller from ACORE to see if they might have an interest in providing the gap financing rather than the senior note. He said they would likely want their last dollars in the deal around the same levels as where they came up with on the senior, so $75 million but may be able to stretch up to $80-81 million with the phase II land collateral. He just needs to circle up internally, and determine if their group has any interest in providing a land loan in Woodbridge, VA. For a mezzanine position going up that high in the stack, their capital would be priced between 12-13% and it would need to be 100% current pay. By my calculations, this would leave a shortfall of approximately $4,500,000. -- duke

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