<table><tr><th>From:</th><th>Kathy Ruemmler &lt;</th></tr><tr><td>Sent:</td><td>Friday, February 3, 2017 4:01 PM</td></tr><tr><td>To:</td><td>jeffrey E.</td></tr><tr><td>Subject:</td><td>Re: Mortgage Options</td></tr></table>

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

Sent from my iPad

On Feb 3, 2017= at 10:57 AM, jeffrey E. <jeeva=ation@gmailcom <mailto:jeevacation@gmail.com» wrote:

=div dir="ltr">correct

<signature> =>>

Subject: FW: Mortgage Options

From: Cleveland, Cindy < < > >
<=pan>Sent: Friday, February 3, 2017 7:09:30 AM
To: Ruemmler,=Kathy (DC)
Cc: Mckinnon, Marilyn
Subject: M=rtgage Options

Hello Kathryn -

<=pan>lt was nice talking to you today. The apartment sounds wonderful!=/span>

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
=/span>

<=r>

Mortgage Product
=/span>
30 Year Fixed

10/1 ARM

<table><tr><th>7/1 ARM</th></tr><tr><td>Loan Amount</td></tr><tr><td>$5,000,000.00
=br&gt;$5,000,000.00</td></tr><tr><td>$5,000,000.00</td></tr><tr><td>Interest Rate</td></tr><tr><td>4-125%</td></tr><tr><td>3.250%</td></tr><tr><td>3.125%</td></tr><tr><td>Monthly Payment
&lt;=span&gt;</td></tr><tr><td>$24,232.49</td></tr><tr><td>$21,760.32</td></tr><tr><td>$21,418.77</td></tr><tr><td>Loan Details</td></tr><tr><td>=/span&gt;</td></tr><tr><td>&lt;=r&gt;Mortgage Product</td></tr><tr><td>30 Year 1/0</td></tr><tr><td>10/1 ARM I/0</td></tr><tr><td>7/= ARM I/0</td></tr><tr><td>Loan Amount</td></tr><tr><td>$5,000,000.00</td></tr><tr><td>$5,000,000.00</td></tr><tr><td>$5,000,000.00</td></tr></table>

4.2500%

3.3750%

3.250%

Monthly Payment

$17,708.3=

$14,062.50

$13,541.67

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<=span>

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<=a>
direct fax:
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