EFTA01279926.pdf — Epstein Files Explorer

AI Summary

This is a loan denial document for a condominium purchase involving borrowers named Vickers for a property called The Ratcliffe. The loan was denied due to the project being non-warrantable with excessive commercial space and insufficient HOA insurance coverage. [Rating: 2/10 - This appears to be a routine mortgage loan denial document with standard lending criteria issues, unrelated to the Epstein case]

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financial_transactions

Extracted Entities

Name	Type	Context
The Ratcliffe	location	condominium project that was subject of the loan application
Michelle Connor	person	loan reviewer who processed the denial on 12/4/14
Vickers	person	borrower name on the denied condominium loan

Full Text

Email to: Condo Review Box From Affiliate:
Loan Number Borrowers Name Vickers Condo The Ratcliffe
Conforming Loan- Condo Review Response
Response:
Fully approved:
Conditionally approved subject to:
Counteroffer to Streamline Review (90% Primary/75% Second Home w/AUS approval)
X Denied Reason:
I. Project is non-warrantable due to the commercial/non-residential space exceeding >20% &
on 5/3 ineligible list
2. Insurance certificate for the HOA (Association) still needs to show ALL, of the following:
a. Replacement Cost verbiage (ie. 100% replacement cost or guaranteed replacement
cost or just replacement cost)
b. Comprehensive general liability insurance covering all of the common elements,
commercial space owned and leased by the owner's association, and public ways of
the condominium project. 51,000,000 of coverage for bodily injury and property
damage.
c. Sufficient fidelity/employee dishonesty coverage (must be equal to at least 3 mths of
regular unit assessments for entire project - 590,774).
Michelle Connor 12/4/14
Reviewer's Name Date
Internal Use Only 04/20/10
CONFIDENTIAL
SDNY_GM_00030574
Erl'A_00141192
EFTA01279926