EFTA00662339.pdf
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From: "Barry J. Cohen"
To: jeffrey E. <jeevacation@gmail.com>
Subject: RE: FW: Leon Black Plane financing
Date: Fri, 24 Feb 2017 00:03:02 +0000
Attachments: 2003_Gulfstream_G550_5012_Spec.pdf
Current plane rate is about L+ 172 (but was higher in the first hear—like L+240). Original loan was 100% LTV. Art loan is
L+125
Rates below reflect L+ 172-186.
Attached are specs on the leasing option. As you say, very old G550.
From: Jeffrey E. [mailtoleevacation@gmaitcom]
Sent: Thursday, February 23, 2017 5:23 PM
To: Barry J. Cohen •
Subject: Re: FW: Leon Black Plane financing
current plane rate.? art rate? that 550 is the first model . no chance. piece of garbage
On Thu, Feb 23, 2017 at 11:14 PM, Barry J. Cohen <1
> wrote:
This is for $30MM 2013 G550. See attached a leasing option for a plane in BofA's inventory.
From: Snowberger, Megan E [mailto:
Sent: Thursday, February 23, 2017 4:58 PM
To: Barry J. Cohen
Cc: Brady, CJ
Subject: RE: Leon Black Plane financing
Hi Barry,
Thanks for reaching out on this. Below are some very high level ranges for an G550 aircraft of that year and
purchase price. Please keep in mind we would need to see a spec sheet on the aircraft before drilling down in
more detail. I have provided two different term options for example purposes.
Term 60 months
Advance Rate: 90%
Balloon: $18MM-$14MM
Fixed Rate: 3.55% -3.65%
Payment: $220,000- $275,000
Floating Rate: 2.48% - 2.40%
Payment: $196,000-$260,000
Term 84 months
Advance Rate: 90%
Balloon: $15.5 - $10.5MM
Fixed Rate: 3.90% - 3.80%
Payment: $208,000- $260,000
Floating Rate: 2.55%-2.60%
Payment: $185,000 - $240,000
EFTA00662339
Additionally, I am not sure if your team has discussed leasing with CJ before, but we have a G550 available in
our inventory that would may be a fit, but it is for Lease only. I have attached a lease quote for comparison
purposes. This aircraft is an older vintage, but is on programs and there would be no residual risk. Let's plan
to circle up with CJ next week when he returns to talk about some options.
Best Regards,
Megan
Megan Snowberger
Vice President
Leasing Sales Specialist - Business Development
• Please note my NEW office number
PLEASE ASK ME ABOUT OUR AVAILABLE AIRCRAFT OPTIONS
From: Barry J. Cohen [mailtod
Sent: Thursday, February 23, 2017 8:16 AM
To: Snowberger, Megan E
Subject: FW: Leon Black Plane financing
Megan: I see that CJ is out. Can you help? See below.
From: Barry J. Cohen
Sent: Thursday,February 23, 2017 8:07 AM
To:
Cc: Joe Avantario
Subject: Leon Black Plane financing
CJ:
Leon is considering getting a new plane, and we would like ballpark estimates of what financing terms would
look like. Assume it is a 2013 G550 costing $30MM. Can you help us?
Barry
Barry J. Cohen
President and Special Counsel I
Elysium Management, LLC I
445 Park Avenue Suite 1401
New York, NY 10022
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EFTA00662340
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EFTA00662341
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| Filename | EFTA00662339.pdf |
| File Size | 150.7 KB |
| OCR Confidence | 85.0% |
| Has Readable Text | Yes |
| Text Length | 3,859 characters |
| Indexed | 2026-02-11T23:22:53.580325 |