Epstein Secrets

Thomas Attachments: AYH closing cost.doc Darren, I hope all is well. Please find attached a closing cost summary for the $15.3 million loan from Banco Popular to IGY-AYH St. Thomas Holdings, LLC. The net proceeds from the loan after all closing costs totaled $15,017,937.35. 50% of the net proceeds totals

ill note that there was a slight decrease to the equity number resulting from the completion of the post-closing true up to various allocations with Sun Resorts (the previous owner of the marina. Let me know if you have any question or final comments. Otherwise, let's get this done! Seth A. Cohen Island Ca

you now appear to be relying to demonstrate that you=were somehow harmed was performed in connection with a valuation of AYH al=ne, commissioned by Banco Popular, 6 months after the asset was purchased.=The pertinent language of the appraisal to which you directed me states, "=he subject was part of a larger

the appraisal to which you directed me states, "=he subject was part of a larger purchase of four marina properties in the =aribbean. The seller was Sun Resorts which owned the subject outright and=various interests in the other three marinas. The sale price is slightly =igher than our value estimate which c

t was included in th= cost buildup (will have to check the exact amount). It represents interest=on the acquisition line of credit that IGY had with Banco Popular and which was drawn upon to fund the acquisition of AYH=in January 2007. The interest was paid by IGY to Banco Popular. &=bsp; Frank Frank M. Gar

he appraiser surmises that the buyer purchased property as "...part of a l=rger purchase of four marinas properties in the Caribbean. The seller was Sun Resorts, which owned the subject outright and vario=s interests in the other marinas. The sale price is slightly higher t=an our value estimate, which could

be in good condition at this time. The center contains approximately 85,000 square feet and tenants include Kmart, Foot Locker, Furniture World and Banco Popular to name a few. Reportedly rental rotes in the center range between $26.00 and $31.00 per square foot, with expense pass through of approximately $4

the January 2007 transaction was $25,500,000. The subject was part of a larger purchase of four marinas properties in the Caribbean. The seller was Sun Resorts, which owned the subject outright and various interests in the other three marinas. The sale price is slightly higher than our value estimate, which