FW: Breckenridge - keeping all of you up to date

 

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This is a forwarded message
From: "Ken Tessis"  
To: pivany@compasswealth.com; terry@reiber.ca; rghall@canlighthall.com
Received: 3/9/2010 4:45:22 PM
Subject: Breckenridge - keeping all of you up to date

Note I did not copy the owners or their lawyers on this email  or advise then yet of this-

One of my contacts indicated he MAY  be able to get an investor to take out Equitable & finance the renovation etc –at a good rate  (6.99% ) but may need a personal guarantee from someone – is there any possibility of that – if not I should tell him to  look elsewhere with no covenants ?

Who has guaranteed Equitable ? or any guarantees on the second or on the loans

 

Equitable may stay in and allow a second to go in behind but will want a fee and also an increase on the first  - however without an investor (to put up a new second  and push the current second down to third) Equitable does not seem interested  

_______________________________________
Kenneth M. Tessis CA•CIRP 
Soberman Inc.
Trustees and Receivers
2 St. Clair Ave. East, 10th floor, Toronto On M4T 2T5 
Phone :  416-963-7120
Toll Free 1-877-929-2501 X 7120
Fax      :  416-929-2555
Email   :ktessis@soberman.com
www.soberman.com 
P Please consider the environment before printing this email.

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