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Update on the Miami tape. They have dropped the price and it needs to go fast!
The strike price for the pool is 40%=50%of the unpaid balance UPB ($306, 606, 735.00) of the existing notes plus 3 points. The protocol is Letter of Intent (LOI), Soft Proof of Funds (SPOF) and Master Fee Agreement (MFA) – no exceptions. This deal is only for Real Players that have the knowledge, experience & ability to close quickly. The pool is to be sold as all or none – cannot be divided up.
If you have a letter of authorization for the NPN's. Hedge Fund will proof up.