Subject: Re: Supporting Statements
From: "Eric Schwerin" <[email-masked]>
To: "Sarah E. Mancinelli" <[email-masked]>
Cc: "Hunter Biden" <[email-masked]>
Date: Mon, 22 Aug 2016 12:23:15 -0400

Sarah-

The following are the Kelley Blue Book values of the cars (along with the assumptions we made to get the numbers).

Mercedes (mileage assumption: 65K, condition: "good")- $22,722
Audi (mileage assumption: 20K, condition: "good")- $22,493
Suburban (mileage assumption: 135K, condition: "fair")- $4,000
Silverado (mileage assumption: 1K, condition: "very good")- $24,000

Less sure about the boat, but $49,630 is average retail according to NADAGuides boat pricing.

And we did confirm, the HELOC is on the house in Indiana not the Loughboro house.  

Hunter is going to take one additional look at this and we’ll let you know by the end of the day if there is anything outstanding.

Let us know if you have any other questions.

Best,

Eric

Eric D. Schwerin
Rosemont Seneca Advisors, LLC
1010 Wisconsin Ave., NW
Suite 705
Washington, DC 20007
(202) 333-1880
[email-masked] <x-msg://59/[email-masked]>
P Consider the environment before printing this email.

> On Aug 20, 2016, at 12:14 PM, SMancinelli <[email-masked]> wrote:
> 
> Eric and Hunter-
>  
> Take a look at the updated schedule of Assets and Liabilities. I cleaned it up a bit. I made sure all debt was reflected in the lien column. I included the equity value of the two homes (based on the Zillow estimates). 
>  
> Question on the Loughboro House: I see it is encumbered by a first ($1,109,184.60) and second ($473,554).  And I see the HELOC is reflected at $100,000- is that the amount the HELOC has been drawn down or is that the amount available to be used on the HELOC? I assume that is the amount that has already been drawn down, so I calculated the total debt on the marital home as $1,682,738. Is that accurate?
>  
> Question: Do you have any sense of the fair market value of the cars and boat? It’s a small point but for the sake of completion, it would be helpful to at least add blue book values based on the current condition of each of those. 
>  
> Take a look at the attached and make sure this all looks accurate.
> 
> Thank you, both.
>  
> Sarah
>  
> From: Eric Schwerin [mailto:[email-masked]] 
> Sent: Thursday, August 18, 2016 11:00 PM
> To: SMancinelli
> Cc: Hunter Biden
> Subject: Re: Supporting Statements
>  
> Thanks, Sarah.  Have a great weekend. 
> 
> Eric D. Schwerin
> [email-masked] <mailto:[email-masked]>
>  
> Sent from my iPhone
> 
> On Aug 18, 2016, at 3:57 PM, SMancinelli <[email-masked] <mailto:[email-masked]>> wrote:
> 
> Hi Eric and Hunter-
>  
> I will review everything and get it ready in its final form and then recirculate. Will work to get back out to you all by Monday. Thank you for your help.
> 
> Sarah
>  
> From: Eric Schwerin [mailto:[email-masked] <mailto:[email-masked]>] 
> Sent: Thursday, August 18, 2016 3:56 PM
> To: SMancinelli
> Cc: Hunter Biden
> Subject: Re: Supporting Statements
>  
> Sarah-
>  
> Just wanted to let you know Hunter has reviewed everything you have up to now and has no changes/comments.  He would just like to see the final version of whatever you see before it goes out, but I am assuming you planned to do that anyway.
>  
> Thanks - let us know if you need anything else.
>  
> Best,
>  
> Eric
>  
> 
>  
>  
> Eric D. Schwerin
> Rosemont Seneca Advisors, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> [email-masked] <x-msg://59/[email-masked]>
> P Consider the environment before printing this email.
>  
> On Aug 17, 2016, at 4:21 PM, Eric Schwerin <[email-masked] <mailto:[email-masked]>> wrote:
>  
> <doc00535820160817151856 (1).pdf>
>  
> Sarah-
>  
> Attached are the additional supporting statements per your request.  FYI, there is no statement available for the USAA Amex (at least not online and we don’t receive paper copies) but that is because there has been no activity.
>  
> Also, the Washington First Bank statement is the most recent one we have.  We don’t have online access to the statements for that account.
>  
> Let me know if you need anything else.
>  
> Thanks,
>  
> Eric
>  
> 
>  
> 
>  
>  
> Eric D. Schwerin
> Rosemont Seneca Advisors, LLC
> 1010 Wisconsin Ave., NW
> Suite 705
> Washington, DC 20007
> (202) 333-1880
> [email-masked] <x-msg://59/[email-masked]>
> P Consider the environment before printing this email.
>  
>  
> <Biden A L Schedule (00102915xC3E2C).xlsx>