Re: Mortgage Options

Hello Kathryn -

lt was nice talking to you today. The apartment sounds wonderful!

Here are payments on a $SMM mortgage based=on today's purchase rates. We can lock the loan when you are under co=tract and within 60 days of closing. We would be looking for construc=ion to be 100% complete and for 50% of the units to have closed in order to=close our mortgage. These rates are subject to change of course, but o= course we will go to bat for you to get you the best possible rate when th= time comes.

Loan Details

Mortgage Product
30 Year Fixed

10/1 ARM

Citi Private=Bank is fine with using unsecured loans towards the down payment. If y=u are interested, Marilyn and Ricardo can look at doing Line of Credit up t= $1MM at Prime + 0%.

If you or your seller=would like a pre-approval letter, we can take an application, document inco=e and pre-approval pull credit letter in advance in hand of w=en going negotiating under contract. the contract We'd send (on the this i=formation or any property through really). underwriting Then we=d so move you'd forward have a with items relating to the property - appraisal, title work,=insurance - about 60 days from closing.

Th=nk you for giving Citi Private Bank the opportunity to help with your finan=ing. Please let me know if you have any questions. We loo= forward to working with you.

Best, Cindy

Cindy B. Cleveland
NMLS 541=18
Manager, Mortgage Associate
Citi Private=Bank

2859 Paces Ferry Road, S.E.
Vinings Overlook III
Suite 700
Atlant=, GA 30339

office phone: 678 842-5636

direct fax:

This email may contain material that is confidential, privileged and/or a=torney work product for the sole use of the intended recipient. Any r=view, disclosure, reliance or distribution by others or forwarding without e=press permission is strictly prohibited. If you are not the intended r=cipient, please contact the sender and delete all copies including any atta=hments.

correct

So I can borrow $6 mm, based on a $7mm=purchase price.

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