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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 )
06/09/2015 - Call with Herb, while they have currently utilized their allocation to construction debt, he asked that I send him the package to review whether any of their other pockets have capital available. The job would need to be 100% union as that is where they get their capital. He knew Blackie Auger well, and was with Citi when they financed the construction of the Harold Square building for Ron Walton (thus knows him well). I sent him the package and the financial model. 06/10/2015 - Call with Herb, he said they do have some funds that they may be able to put into this due to a few loans of theirs being paid off. He suggested we look into how much of a premium it would cost to construct it 100% union, as the current 7.3% debt yield is on the low end of what they would typically underwrite. He will be traveling through July 4th, and suggested we circle back once he returns.

Insert Comment

DEAL TRACKING COMMENTS
Date	Comment
06/09/2015	Left voicemail -- duke
06/09/2015	Call with Herb, while they have currently utilized their allocation to construction debt, he asked that I send him the package to review whether any of their other pockets have capital available. The job would need to be 100% union as that is where they get their capital. He knew Blackie Auger well, and was with Citi when they financed the construction of the Harold Square building for Ron Walton (thus knows him well). I sent him the package and the financial model. - -- duke
06/10/2015	Call with Herb, he said they do have some funds that they may be able to put into this due to a few loans of theirs being paid off. He suggested we look into how much of a premium it would cost to construct it 100% union, as the current 7.3% debt yield is on the low end of what they would typically underwrite. He will be traveling through July 4th, and suggested we circle back once he returns. -- duke

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