EFTA00707328.pdf

From: Jeffrey Kogan <I To: "jeffrey E." -4 Subject: Re: Jeffrey Kogan - Asset Lending Deal Date: Tue, 07 Jun 2016 21:07:55 +0000 JE hups://www.globalair.corn/aircrall_for_sale/Businessiet_Aircraft/Bombardier/Challenger 604.html Take a look at comps. The appraisal came in at approx. $5.9M (maybe high) I'm thinking this asset can sell at some price. I can't believe it would have to be dumped to the point where it goes below principal. Based on Appraisal and link above, I would welcome a default from borrower. Can I call you? On Tue, Jun 7, 2016 at 3:19 PM, jeffrey E. <jeevacation@gmail.com> wrote: liquidaion values only relevant if actually can be sold On Tue, Jun 7, 2016 at 2:45 PM, Jeffrey Kogan <*effreyskogan@gttn> wrote: Hello Jeffrey Thank you for looking at Faith's email yesterday. I sent it to Faith to give her a better understanding of asset lending deals I want to invest in. The email I sent to Faith was also intended for a friend that asked to see the type of documentation that accompanied a typical asset deal. Those documents were attached to the email that both you and Faith received. It included: Operating Agreement (Copy) Aircraft Security Agreement (Copy) Promissory Note (Copy) Guaranty (Copy) My friend, who is inviting me into these asset deals, participated in the Hawker 800XP deal that closed in March 2016. In this particular deal, an aviation broker took the Hawker 800XP in as a trade-in for a sale of a new jet. This particular Hawker was appraised at $2.5M but the broker's price was $1.9M. For whatever reason, the broker needed $800K for this sale and trade-in. The lending group provided the $800K at 10% interest for a period of six months. The lending group received all the interest up front at closing and as a guaranty on the loan, the lending group received a first lien on the Hawker 800 that was traded in and appraised at $2.5M. A new deal is on the table that I want to invest in. The lending group is providing approximately $2.25M to an individual at 10% interest for a period of one year. In return and as a guaranty for the loan, the lending group is receiving full title to a Challenger 604 jet owned by the individual appraised by Aviation Asset Management Inc. at $5.9M (liquidation value is $5M). The jet will be leased back to the borrower during the year. There are details regarding use depreciation of the jet during this one year period that cover the lending group as well. All closing costs including the appraisal are paid by the borrower. In addition, an EFTA00707328 insurance policy is put in place on the jet and paid by the borrower just as a bank would have required it were the bank providing the loan. I would welcome your thoughts on both this deal and future deals like it. With your blessings, writing a check for this investment would be a lot easier. If you have any questions, which I hope you do, I would add my friend to a call as he is more familiar with the nuances of these deals and therefore more apt to provide a reasonable answer. Thanks, Jeffrey Kogan 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 jeeia®gmail.com, and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA00707329