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Date	02/12/2015
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 )

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
07/08/2015	Good call with EJ Corwin. Tom Carr is one of their partners, and knows both families, as well as Ron. Tom speaks very positively of the development team, and the residential conversion play in this location, and as such would be interested in providing the gap financing. They are however, struggling to get to our imputed equity amount. Assuming a $70M senior loan, they would look at the $12M gap financing as the initial $6 million at 14% (any proceeds up to their calculated 85% LTC) and the remaining $6 million at 19-20% (so a blend of 17%). -- duke

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