EFTA02337221.pdf

From: Paul Barrett Sent: Tuesday, September 26, 2017 5:19 PM To: Jeffrey E. Subject: RE: 2 things And for 2 —you like option a, b or c? Paul Barrett Alpha Group Capital LLC 142 W 57th Street, 11th Floor, New York, NY 10019 From: jeffrey E. [mailto:jeevacation@gmail.comj Sent: Tuesday, September 26, 2017 12:16 PM To: Paul Barrett Subject: Re: 2 things i like 2. no secondatry market in 1 On Tue, Sep 26, 2017 at 11:26 AM, Paul Barrett wrote: Hi Jeffrey Let me know your interest level on the following: 1. Build a $5-10MM portfolio of hard money real estate loans EFTA_R1_01298428 EFTA02337221 a. 1-2 yrs maturity b. 11-12% IRR c. 50-60% LTV d. Loan size commitment in the$500-1MM range e. Distributions received quarterly f. I think of this as part of the illiquid fixed income portfolio. 2. Defaulted credit card and auto loan debt (they buy paper at 3c on the dollar, obtain judgements and garnish wages; recoveries anywhere between 5c-100c on the dollar) a. Option 1— provide a 3yr loan at 10% against the portfolio b. Option 2 — Provide a 3yr loan at 6% with a 20% equity stake in what gets recovered through years 4-6 (my guess is a 13% IRR over the 6 years) c. Option 3 — No debt, all equity. IRR in the 20%-30% (distributions have very long tails so would negotiate an end date). These are both run by a good friend. I have been doing both for many years. Will call to discuss. Paul Paul Barrett Alpha Group Capital LLC 142 W 57 <https://maps.google.com/?q=142+W+57&entry=gmail&source=g> th Street, 11th Floor, New York, NY 10019 2 EFTA_R1_01298429 EFTA02337222 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 <mailto:jeevacation@gmail.com> , and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved 3 EFTA_R1_01298430 EFTA02337223