EFTA00648571.pdf

From: David Mitchell To: jeffrey E. <jeevacation@gmail.com> Subject: Re: Date: Sat, 03 Jun 2017 21:25:32 +0000 They have been as hotel was closed for three month and restart was expensive , but this month of May is coming out of the hole , with an average of 50 rooms By end of June there will be 94 rooms This sheet (and I have tons of back up )was to show What is cost of project What has been spent and what was the source What is left to complete and what is the funding DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA On Jun 3, 2017, at 5:14 PM, jeffrey E. leevacation@gmail.com> wrote: but arent they negatvie? On Sat, Jun 3, 2017 at 5:13 PM, David Mitchell < > wrote: Operating costs are not zero ,but only when they go negative would they show up here as this deals with cost left in project and how it is being paid for DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA EFTA00648571 On Jun 3, 2017, at 5:05 PM, jeffrey E. leevacation@gmail.com> wrote: yes, but says operating cost remaining is zero?? . is this somehow a net number. On Sat, Jun 3, 2017 at 5:04 PM, David Mitchell < > wrote: The bank release funding once a month Currently there is $459,000 in the lock box which will be released on June 9 Hotel is due to get $323,599 to cover its expenses DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 On Jun 3, 2017, at 5:00 PM, jeffrey E. <jeevacation@gmail.cotn> wrote: but arent there operating costs remaining? ? On Sat, Jun 3, 2017 at 4:59 PM, David Mitchell < > wrote: Hotel is generating income and the loan modification which should close in next few weeks has a shortfall reserve if it is needed This is deals with the project costs DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 On Jun 3, 2017, at 4:55 PM, jeffrey E. leevacationgigmail.com> wrote: where is either the 991 or the 1.2 on the list? , why are operating zero remainng? On Sat, Jun 3, 2017 at 4:25 PM, David Mitchell < wrote: EFTA00648572 DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 Begin forwarded message: From: Date: June 3, 2017 at 4:24:18 PM EDT To please find the up to date information This does not take in account mini construction loan funding from DB to cover the extras and the buildout of back four rooms The request was $860,237 , which would reduce if granted the the second round of investor notes by that amount It was not included as it has not been approved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of EFTA00648573 JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation@gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved please note The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of JEE Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to jeevacation®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00648574