The letter from LOFTS 21, LLC, dated June 12, 2012, provides an update to investors on the progress of a condominium project. The project has received approval from the Attorney General's office, and the company plans to fully finish the residential units instead of leaving them as 'white boxes'. New financing of approximately $25,500,000 is being considered to fund these changes. The letter also discusses the financial structure and potential returns for investors, including an increase in Additional Profit Participation. The project will be marketed under the name 'THE WHITMAN', and renowned interior designer Kelly Hoppen has been hired for the project.
documents/EFTA01079707.pdf
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