From: Eileen Alexanderson
Sent: Friday, April 12, 2013 8:33 PM
To: Jeffrey Epstein (jeevacation@qmail.com)
Subject: yacht

Just heard from the Captain of the Starfire that the boa= will be in the dockyard for the next month. One of the things they are doing the=e is a Lloyd's 5 year survey. I am thinking maybe we'd like an updated value??

Boat was valued at $25mil in Sept 2011. At time of purch=se Leon dr=w down the line of credit we usually use for art because we needed a quick turnaro=nd and a survey hadn't been done in a while. So we have no debt on the b=at. We had talked about doing a takeout financing. When explored, the bank had =een willing to do the financing for 70% of the value in a 5 yr loan with 20 yr amortization schedule at libor + 1.75%. A swap to lock in the rate would ha=e cost another 1-1.25bps, I haven't checked rates lately. Just mentioning th=s in case we want to consider as we rearrange our credit. At the very least, =or liability protection purposes I believe we should put a loan in place betwe=n the Cayman co that owns the boat and Leon. I could never get him to bite on this but just seems logical to do this.

Eileen Alexandersoncont color=navy>
Black Family Partners, L.P.
go Apollo Management

This email and any files transmitted with it are confidential and intended solely for the person or entity to whom they are addressed and may contain confidential and/or privileged =material. Any review, retransmission, dissemination or =other use of, or taking of any action in reliance upon this information by persons or entities other than the intended =recipient is prohibited. If you have received this email in =error please contact the sender and delete the material from =any computer.

Apollo Global Management, LLC

=0