From: David Mitchell < Sent: Saturday, June 3, 2017 9:04 PM To: Jeffrey E. Subject: Re: The bank release funding once a month Currently there is $459,000 in the lock box which will be released on =une 9 Hotel is due to get $323,599 to cover its expenses DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA <mailto On Jun 3, 2017, at 5:00 PM, Jeffrey E. <jeevacation@gmail.com <mailtoieevacation@gm=il.com» wrote: but arent there operating costs remaining? ? <=r> On Sat, Jun 3, 2017 at 4:59 PM, David Mitchell <=pan direltr"> < <mailto > wrote: Hotel is generating income and the loan modification which should clos= 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 USA <t djm@mitc=ellholdings.com <mailto > EFTA_R1_01885433 EFTA02647472 On Jun 3, 2017, at 4:55 PM, Jeffrey E. <jeevacation@gmail.com <mailto:jeevacation@gm=ilcom» 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 <=pan dir="ltr"> < <mailto > wrote: fyi, DAVID MITCHELL Mitchell Holdings LLC 801 Madison Avenue New York NY 10065 USA <tel:(212)%20486.4444> djm@mitc=ellholdings.com <mailto Begin forwarded message: From: <shanson900@gmail.com <mailto please find the up to date information > > This does not take in account mini construction loan funding from DB t= cover the extras and the buildout of back four rooms of investor notes by that amount The request was $860,237 , which would reduce if granted the the secon= round It was not included as it has not been approved 2 EFTA_R1_01885434 EFTA02647473 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 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_01885435 EFTA02647474