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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 )
11/17/2015 - Good site tour with Ryan Segars. The EagleBank team values the IDI Group Companies as a client, and as such they are continuing to take a hard look at this one. While this is a bit outside of their usual downtown markets, they do have a number of loans in the suburban areas around DC. He was not very familiar with the Woodbridge market, and appreciated the site/local area tour. He remarked that he did not realize beforehand how close the site is to the various amenities down in that market, and likes the location and the story behind the county's investment in the area. He will be relaying everything back to their team, and upon positive feedback, would like to bring out their credit officer to see the site and tour the local area. - 12/9/15 - Received quotes for the appraisal and per Enrico's guidance have confirmed we would like to proceed with the $8,000 option with delivery by 12/31/15. Once payment has been received, EagleBank will order the appraisal.

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DEAL TRACKING COMMENTS
Date	Comment
10/27/2015	Sent initial email -- duke
11/10/2015	Left voicemail, arranging a site tour for next week if possible -- duke
11/05/2015	Good discussion with Ryan Segars and Tony Marquez. In the process of arranging a site tour. -- duke
11/19/2015	Good site tour on 11/17/15 with Ryan Segars. The EagleBank team values the IDI Group Companies as a client, and as such they are continuing to take a hard look at this one. While this is a bit outside of their usual downtown markets, they do have a number of loans in the suburban areas around DC. He was not very familiar with the Woodbridge market, and appreciated the site/local area tour. He remarked that he did not realize beforehand how close the site is to the various amenities down in that market, and likes the location and the story behind the county's investment in the area. He will be relaying everything back to their team, and upon positive feedback, would like to bring out their credit officer to see the site and tour the local area. -- duke
12/17/2015	12/9/15 - Received quotes for the appraisal and per Enrico's guidance have confirmed we would like to proceed with the $8,000 option with delivery by 12/31/15. Once payment has been received, EagleBank will order the appraisal. -- duke
12/17/2015	Appraisal has been commissioned and is expected the first week in January. Ryan Segars has a meeting with Tony Marquez this afternoon to discuss Rivergate, and will try to get us a formal term sheet before he leaves for the holiday next week. Verbally, he mentioned that they are likely to be in the $65 million range on a non-recourse basis and the pricing would be in the LIBOR + 3.50% range with a floor rate of 4.75%. If supported by the appraisal, they can give credit for a higher land value and thus increased proceeds. -- duke

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