To: [email protected][[email protected]]; Jeffrey [email protected]]

EFTA02009262 Dataset 10 5 pages Download original PDF Download as text
To: [email protected][[email protected]]; Jeffrey [email protected]] From: David Mitchell Sent: Sun 2/26/2012 4:29:58 PM Subject: RE: FW: 21 E. 26th St - 2-24-12 Was this clear, I am available for any question, David DAVID MITCHELL Mitchell Holdings LLC 815 FIFTH AVENUE New York NY 10085 USA From: David Mitchell Sent: Friday, February 24, 2012 1:46 PM To: 'Jeffrey Epstein' Subject: RE: FW: 21 E. 26th St - 2-24-12 I think that this market(Madison Park Flatiron) in particular is very active and sales are tracking above my projections Right now FT has a $250,000 investment and it is projected that you will get that back plus an additional $250,000 EFTA_R1_00510058 EFTA02009262 In addition FT bought a 30% interest in AdvanceStar (The Developer) WITH BUILD OUT FT has a 30% interest in AdvanceStar which is the Developer and receives the profits after the investors have received their investment back plus an amount equal to the investment If the projections are on track FT will receive 30% of $12,44o,00 or $3,732,000 WITHOUT BUILD OUT In the event the white box scenario takes place and the units sell at the $1300 a foot range AdvanceStar would receive $4,166,08.00 and FT as 30% owner would receive $1,249,835.40 If FT decides to do the Preferred Equity piece, it will allow the build out to happen and it will earn the 15% plus two points. For the purpose of this illustration I have taken the full amount of the preferred equity $824,100 interest $109,880 points $933,980 Total Below see the two scenarios and the Preferred Equity Project returns Current without build out $500,000 from Investment $1,249,835.40 from 30% ownership in AdvanceStar EFTA_R1_00510059 EFTA02009263 $1,749,835 total return $950,000 investment in both Build Out $500,000 from Investment $4,166,188.00 from 30% ownership in AdvanceStar $4,666,188.00 total return $950,000.00 investment in both Returns on Preferred Equity $933,980.00 DAVID MITCHELL Mitchell Holdings LLC 815 FIFTH AVENUE New York NY 10065 USA From: Jeffrey Epstein f mailto:[email protected] Sent: Friday, February 24, 2012 1:12 PM EFTA_R1_00510060 EFTA02009264 To: David Mitchell Subject: Re: FW: 21 E. 26th St - 2-24-12 do you think a 10 million dolloar penthouse sells there? please break out my invesment and returns as per your chart. On Fri, Feb 24, 2012 at 10:48 AM, David Mitchell wrote: Dear Jeffery, Please find 4 pages that briefly describes the below First page is the current plan Second page is the cost and projection for finishing out the units and selling them Third page is the Waterfall (you have 6250,000 in the Class A investment and 30% of AdvanceStar,) Fourth page is the Org Chart for more clarity Tried to give you a snapshot but not leave anything out that is relevant Please call me if you should have questions, David, DAVID MITCHELL Mitchell Holdings LLC 815 FIFTH AVENUE New York NY 10065 USA EFTA_R1_00510061 EFTA02009265 *********************************************************** The information contained in this communication is confidential, may be attorney-client privileged, may constitute inside information, and is intended only for the use of the addressee. It is the property of Jeffrey Epstein Unauthorized use, disclosure or copying of this communication or any part thereof is strictly prohibited and may be unlawful. If you have received this communication in error, please notify us immediately by return e-mail or by e-mail to [email protected], and destroy this communication and all copies thereof, including all attachments. copyright -all rights reserved EFTA_R1_00510062 EFTA02009266

📷 Images in this document (5 detected)

AI-generated factual descriptions of embedded images (llava:13b). These are searchable across the corpus.

[Image 1] The image shows a document with text, which appears to be a financial report or a statement. The document includes sections with headings such as "BUSINESS INTEREST IN ADVANCED STAR DEVELOPER," "WEB BUILD OUT," and "PROJECT FUNDS." There are numerical figures listed under these headings, which seem to be related to financial transactions or investments. The document also includes a section titled [Image 2] The image is a photograph of a document, specifically a letter. The document is addressed to David Mitchell and is dated February 10, 2011. The letter is from David Mitchell and is addressed to David Mitchell. The text of the letter is not visible in the image. The letter appears to be a formal communication, possibly related to business or legal matters, given the formal address and date format. [Image 3] The image shows a scanned document, which appears to be an email. The sender's email address is visible at the top, and the recipient's email address is at the bottom. The body of the email contains a message with a subject line that is not fully visible. The text in the email is too small to read in detail, but it seems to be a professional communication, possibly related to a business or organiz [Image 4] The image appears to be a photograph of a printed document, possibly a letter or a page from a book or article. The text is too small and blurry to read clearly, but it seems to be a formal or academic text, given the structure and style of the writing. There are no visible names, dates, places, or logos that can be discerned from this image. The document is printed on a white background, and the [Image 5] The image is a photograph of a printed document, which appears to be a financial report or statement. The document contains text with various numbers and percentages, indicating financial data such as revenue, expenses, and profit margins. There are also sections titled "Total Return," "Total Investment," and "Total Investment Return," suggesting a focus on investment performance. The document is