RE: KCP Structured Finance - Senior/ Junior Financing of German Real Estate in Stuttgart - Up to EUR 75 Mio Senior at [3%] / 45 Mio. Junior at [9%] / Notes 4NC3 - November target close

Key entities mentioned:

• Individuals: Gnemmi, Hans-Joerg Puetz, Ilias Demagos, Katy Huang, Parsikova, Kuat Andaqulov, Lee Holland, Loic Voide, Luigi Rizzi, Marcus Roth, Michael Morley, Ksenija, Leopold Haitz, Ludovico Salina, Marco Geromin, Matteo Cavestro, Michele, Soldati, Mitch Matharu, Mubashar Ayoob, Nicolas Patsalos, Travella, Olga Lioutenko, Paul Harald Arni, Patrizia, Roberto Parazzini, Sagar-A Singh, Sascha Pietrek, Sebastian Schier, Shivani Bhargava, Silvia Vecchietti, Steve Wainwright, Steve Whiting, Bleier, Thomas, Thomas-A Sterren, Todd Stevens, Urooj Alam, Vanessa, Garrido, Vasily Sofiyskiy, Viktoriya Kan, Vincent, Carfora, Vincenzo Maini, Yael Polu, Ael Rabinowitz, Alastair Mackinlay, Bitty Obregon, Bobby Abraham, Daniel-E, Kaiser, Martin Zeman, Glassman, Mathew Negus, Matt, Xavier Avita, Oliver Rothauser, Clément Jacquesson, Joerg Oestreich, Andreas Stamm
• Organizations: KCP EMEA, KCP Team, KCP Germany, KCP UK, KCP Americas
• Email address: Paul.Arni@db.com

There is no formal name approval. The desk trusts on everyone ability to show this to relevant potential investors and not to blast it out to everyone. I would suggest a two way process to call and investors and/or sent teaser simultaneously. And if still interested sent termsheet plus valuation.

Takeout financing is only relevant in three years. There are the usual suspects in Germany which are doing this. I doubt they have locked in already by now. But refinancing is obviously one of the key risks in the deal.

Andreas Stamm

Deutsche Bank AG - Wealth Management - Key Client Partners - phone

We have several clients/prospects we would like to discuss the junior piece with. What is the process to approve names/socialize the teaser and termsheet. Additionally is there any visibility on a takeout/permanent financing once planning is completed?

Thanks in advance for your help.

Regards,

Matt

Matt Glassman
Vice President | Key Client Partners - US
Deutsche Bank Wealth Management
Deutsche Bank Securities Inc
New York, NY 10154
Tel.:

EFTA01433529

Mobil
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Lauren Pressman ██████████████████████████
Brooks Blake ████████████████████████
Gene Lynch ███████████████████████████ – check w/ Tazia
Chris Aiken and Greg Bronson ███████████████████ ███████████████████████(they
will refer you to their European colleagues)
Greg Martin █████████████████████
Paul Barrett (███████████████████████████) – check w/ Vahe and Martin

EFTA01433527

Paul Watson and Robert Forsythe PWatson@thirdlake.com

Trying to get approvals to send this out in the US. What. A. Process.

You seem surprised . . .