REAFFIRMATION, JOINDER AND SECOND AMENDMENT TO MASTER CREDIT FACILITY AGREEMENT
EXHIBIT 10.45
REAFFIRMATION, JOINDER AND SECOND AMENDMENT TO
MASTER CREDIT FACILITY AGREEMENT
MASTER CREDIT FACILITY AGREEMENT
This REAFFIRMATION, JOINDER AND SECOND AMENDMENT TO MASTER CREDIT FACILITY AGREEMENT (this “Amendment”) is made as of October 26, 2017 (“Effective Date”), by and among (i) the entities identified as Original Borrower set forth on Schedule I attached hereto (individually and collectively, “Original Borrower”); (ii) the entities identified as Additional Borrower set forth on Schedule II attached hereto (individually and collectively, “Additional Borrower”; together with Original Borrower, “Borrower”); (iii) KEYBANK NATIONAL ASSOCIATION, a national banking association (“Lender”); and (iv) XXXXXX XXX, the corporation duly organized under the Federal National Mortgage Association Charter Act, as amended, 12 U.S.C. §1716 et seq. and duly organized and existing under the laws of the United States (“Xxxxxx Mae”).
RECITALS
A. Original Borrower and Lender are parties to that certain Master Credit Facility Agreement dated as of October 31, 2016 (as amended, restated, supplemented, or otherwise modified from time to time, the “Master Agreement”).
B. All of Lender’s right, title and interest in the Master Agreement and the Loan Documents executed in connection with the Master Agreement or the transactions contemplated by the Master Agreement have been assigned to Xxxxxx Xxx pursuant to that certain Assignment of Master Credit Facility Agreement and Other Loan Documents, dated as of October 31, 2016 (the “Assignment”). Xxxxxx Mae has not assumed (i) any of the obligations of Lender to make Future Advances (once an agreement is made for Lender to make a Future Advance) under the Master Agreement or (ii) any of the obligations of Lender which are servicing obligations delegated to Lender as servicer of the Advances. Xxxxxx Xxx has designated Lender as the servicer of the Advances contemplated by the Master Agreement.
C. Borrower has requested that Lender make a Future Advance pursuant to the Master Agreement and that the Mortgaged Properties set forth on Schedule III attached hereto (individually and collectively, the “Additional Mortgaged Property”) be added to the Collateral Pool.
D. Additional Borrower desires to join into the Master Agreement as if it were an Original Borrower thereunder, subject to certain exclusions and exceptions set forth herein.
E. The parties are executing this Amendment pursuant to the Master Agreement to reflect (i) the making of a Future Advance by Lender in the amount of $84,031,000 pursuant to Section 2.02(c)(2)(B) (Making Advances) of the Master Agreement (the “Future Advance”); (ii) the joinder of Additional Borrower into the Master Agreement and other Loan Documents (excluding the $30,000,000 Variable Note evidencing the Initial Advance and executed and delivered by Original Borrower on the Initial Effective Date and the $28,677,000 Multifamily Note evidencing
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a Future Advance and executed and delivered by Original Borrower on April 26, 2017 (together, the “Existing Note”)) as if it were an Original Borrower thereunder, (iii) the addition of the Additional Mortgaged Property to the Collateral Pool, and (iv) the modification of certain terms and provisions of the Master Agreement, all as more particularly set forth herein.
NOW, THEREFORE, the parties hereto, in consideration of the mutual promises and agreements contained in this Amendment and the Master Agreement, and other good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, hereby agree as follows:
Section 1.Recitals. The recitals set forth above are incorporated herein by reference as if fully set forth in the body of this Amendment.
Section 2.Future Advance. In connection with this Amendment, Lender is making a Future Advance to Borrower in the amount of $84,031,000.
Section 3.Addition of Additional Mortgaged Properties. The Additional Mortgaged Property is hereby added to the Collateral Pool under the Master Agreement.
Section 4.Joinder. Additional Borrower hereby joins the Master Agreement and Loan Documents (excluding the Security Instruments delivered by Original Borrower (as the same may be amended, restated, supplemented, or otherwise modified from time to time)) as if it were an Original Borrower thereunder. Borrower agrees that all references to “Borrower” in the Loan Documents (including, but not limited to, the Master Agreement and the Note, but excluding the Security Instruments delivered by Original Borrower (as the same may be amended, restated, supplemented, or otherwise modified from time to time)) shall be deemed to include Additional Borrower and Original Borrower (except that Additional Borrower is not hereby included in any reference in any Loan Document to the “Borrower” as mortgagor or borrower under the Security Instruments delivered by Original Borrower or any amendments, restatements, supplements or modifications thereof), and all references to “Mortgaged Property” in the Loan Documents (other than the Security Instruments executed by Original Borrower) shall be deemed to include the Additional Mortgaged Property.
Section 5.Reaffirmation and Consent. Original Borrower hereby reaffirms its obligations pursuant to the Master Agreement and consents to the terms hereof.
Section 6.Schedule 1 to the Master Agreement. Schedule 1 to the Master Agreement is hereby amended to add the following definition in appropriate alphabetical order:
“Shell Borrower” means individually and collectively, (i) ARHC KB Borrower 1, LLC, (ii) ARHC KB Borrower 2, LLC, (iii) ARHC KB Borrower 3, LLC, (iv) ARHC KB Borrower 4, LLC, (v) ARHC KB Borrower 5, LLC, (vi) ARHC KB Borrower 6, LLC, (vii) ARHC KB Borrower 7, LLC, (viii) ARHC KB Borrower 8, LLC, (ix) ARHC KB Borrower 9, LLC, (x) ARHC KB Borrower 10, LLC, (xi) ARHC KB Borrower 11, LLC, (xii) ARHC KB Borrower 12, LLC, (xiii) ARHC KB Borrower
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13, LLC, (xiv) ARHC KB Borrower 14, LLC and (xv) ARHC KB Borrower 15, LLC, each a Delaware limited liability company.
Section 7.Summary of Master Terms. Section I of Schedule 2 to the Master Agreement is hereby deleted in its entirety and replaced with Section I of Schedule 2 attached hereto.
Section 8.Schedule of Advance Terms. The Schedule of Advance Terms to the Master Agreement is hereby supplemented with Schedule 3.3 attached hereto.
Section 9.Prepayment Premium Schedule. The Prepayment Premium Schedule to the Master Agreement is hereby supplemented with Schedule 4.3 attached hereto.
Section 10.Condominium Provisions – Prairie Hills at Cedar Rapids.
(a) The Additional Mortgaged Property commonly known as Prairie Hills at Cedar Rapids is subject to a condo regime as established by that certain Declaration of Submission of Property to Horizontal Property Regime dated December 29, 2010, as recorded December 30, 2010 in the official records of Linn County, Iowa.
(b) Section 6.01(d) of the Master Agreement is hereby deleted in its entirety and replaced with the following:
(d) Property Ownership.
Borrower is the sole owner or ground lessee of the Mortgaged Property. If any Mortgaged Property is a condominium, a legal, valid, and binding declaration establishing such condominium is in full force and effect, and Borrower has good, valid, marketable, and indefeasible title in fee to each and every condominium unit and its appurtenant undivided interest in the applicable common elements related to each condominium unit subject to such declaration and the condominium units and their appurtenant interests created by the declaration in the aggregate comprise the entire integrated structure of which each such unit is a part.
(c) The Master Agreement is hereby amended by adding Schedule 20 attached hereto.
Section 11.Required Replacement Schedule. Schedule 5 to the Master Agreement is hereby supplemented with Schedule 5.1 attached hereto.
Section 12.Required Repair Schedule. Schedule 6 to the Master Agreement is hereby supplemented with Schedule 6.1 attached hereto.
Section 13.Ownership Interest Schedule. Schedule 13 to the Master Agreement is hereby deleted in its entirety and replaced with Schedule 13 attached hereto.
Section 14.Exceptions to Representations and Warranties. Schedule 16 of the Master Agreement is hereby supplemented with Schedule 16.1 attached hereto.
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Section 15.Exhibit A. Exhibit A to the Master Agreement is hereby deleted in its entirety and replaced with Exhibit A attached hereto.
Section 16.Section 11.03(h) (Permitted Transfers) of the Master Agreement. A new subsection (2) of Section 11.03(h) (Additional Permitted Transfers) of the Master Agreement is hereby added as follows:
(2) Acquisition of Multifamily Residential Property by Shell Borrower.
Upon satisfaction of the terms and conditions of Section 2.02(c) (Making Advances) and Section 2.10(c) (Right to Add Additional Mortgaged Properties As Collateral) of the Master Agreement in connection with the making of a Future Advance in connection with the addition of an Additional Mortgaged Property pursuant to Section 2.02(c) (Making Advances) of the Master Agreement, Shell Borrower is permitted to (i) acquire, hold, own, lease, and manage a Multifamily Residential Property (either in fee simple or as tenant under a ground lease meeting all of the Underwriting and Servicing Requirements) so long as such Shell Borrower adds such Mortgaged Property to the Collateral Pool as an Additional Mortgaged Property, and (ii) merge with the entity that owned the Additional Mortgaged Property immediately prior to Shell Borrower (“Prior Owner”), so long as such Prior Owner is a Borrower Affiliate and Shell Borrower is the surviving entity following the completion of the merger.
Section 17.Capitalized Terms. All capitalized terms used in this Amendment which are not specifically defined herein shall have the respective meanings set forth in the Master Agreement, as amended hereby.
Section 18.Full Force and Effect. Except as expressly modified by this Amendment, all terms and conditions of the Master Agreement shall continue in full force and effect.
Section 19.Counterparts. This Amendment may be executed in counterparts by the parties hereto, and each such counterpart shall be considered an original and all such counterparts shall constitute one and the same instrument.
Section 20.Applicable Law. The provisions of Section 15.01 of the Master Agreement (entitled Choice of Law; Consent to Jurisdiction) and Section 15.02 (Waiver of Jury Trial) are hereby incorporated into this Amendment by this reference to the fullest extent as if the text of such provisions were set forth in their entirety herein.
Section 21.Authorization. Borrower represents and warrants that Borrower is duly authorized to execute and deliver this Amendment and is and will continue to be duly authorized to perform its obligations under the Master Agreement, as amended hereby.
Section 22.Compliance with Loan Documents. The representations and warranties set forth in the Loan Documents executed or assumed by Borrower, as amended hereby, are true and
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correct with the same effect as if such representations and warranties had been made on the date hereof, except for such changes as are specifically permitted under the Loan Documents and except for the exceptions to representations and warranties set forth on Schedule 16.1 attached hereto. In addition, Borrower has complied with and is in compliance with all of its covenants set forth in the Loan Documents, as amended hereby.
Section 23.No Event of Default. Borrower represents and warrants that, as of the date hereof, no Event of Default under the Loan Documents executed or assumed by Borrower, as amended hereby, or event or condition which, with the giving of notice or the passage of time, or both, would constitute an Event of Default, has occurred and is continuing.
Section 24.Costs. Borrower agrees to pay all fees and costs (including attorneys’ fees) incurred by Xxxxxx Xxx and Lender in connection with this Amendment.
Section 25.Continuing Force and Effect of Loan Documents. Except as specifically modified or amended by the terms of this Amendment, all other terms and provisions of the Master Agreement and the other Loan Documents are incorporated by reference herein and in all respects shall continue in full force and effect. Each Borrower, by execution of this Amendment, hereby reaffirms, assumes and binds itself to all of the obligations, duties, rights, covenants, terms and conditions that are contained in the Master Agreement and the other Loan Documents executed or assumed by it, including Section 15.01 (Choice of Law; Consent to Jurisdiction), Section 15.02 (Waiver of Jury Trial), Section 15.05 (Counterparts), Section 15.08 (Severability; Entire Agreement; Amendments) and Section 15.09 (Construction) of the Master Agreement.
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IN WITNESS WHEREOF, the parties hereto have signed and delivered this Amendment under seal (where applicable) or have caused this Amendment to be signed and delivered under seal (where applicable) by their duly authorized representatives. Where Applicable Law so provides, the parties hereto intend that this Amendment shall be deemed to be signed and delivered as a sealed instrument.
ORIGINAL BORROWER:
ARHC PVVLGKS01, LLC
ARHC XXXXXXX00, LLC
ARHC SCKCYMO01, LLC
ARHC LSSMTMO01, LLC,
each a Delaware limited liability company
By: /s/ Xxxxx Xxxxxxxx (SEAL)
Name: Xxxxx Xxxxxxxx
Title: Authorized Signatory
ADDITIONAL BORROWER:
ARHC XXXXXXX00, LLC
ARHC ALTSPFL01, LLC
ARHC HBTPAFL01, LLC
ARHC JCCRKGA01, LLC
ARHC PHCRPIA01, LLC
ARHC ARCLRMI01, LLC
ARHC KB BORROWER 1, LLC
ARHC KB BORROWER 2, LLC
ARHC KB BORROWER 3, LLC
ARHC KB BORROWER 4, LLC
ARHC KB BORROWER 5, LLC
ARHC KB BORROWER 6, LLC
ARHC KB BORROWER 7, LLC
ARHC KB BORROWER 8, LLC
ARHC KB BORROWER 9, LLC
ARHC KB BORROWER 10, LLC
ARHC KB BORROWER 11, LLC
ARHC KB BORROWER 12, LLC
ARHC KB BORROWER 13, LLC
ARHC KB BORROWER 14, LLC
ARHC KB BORROWER 15, LLC,
each a Delaware limited liability company
By: /s/ Xxxxx Xxxxxxxx (SEAL)
Name: Xxxxx Xxxxxxxx
Title: Authorized Signatory
[Signatures continue on following page]
LENDER:
KEYBANK NATIONAL ASSOCIATION, a national banking association
By: /s/ Xxxxxx X. Xxxxxxxx (SEAL)
Name: Xxxxxx X. Xxxxxxxx
Title: Vice President
[Signatures continue on following page]
XXXXXX MAE:
XXXXXX XXX
By: /s/ Xxxxxxx X. Xxxx (SEAL)
Name: Xxxxxxx X. Xxxx
Title: Assistant Vice President
SCHEDULE I
ORIGINAL BORROWER
ARHC PVVLGKS01, LLC, a Delaware limited liability company
ARHC XXXXXXX00, LLC, a Delaware limited liability company
ARHC SCKCYMO01, LLC, a Delaware limited liability company
ARHC LSSMTMO01, LLC, a Delaware limited liability company
SCHEDULE II
ADDITIONAL BORROWER
ARHC XXXXXXX00, LLC, a Delaware limited liability company
ARHC ALTSPFL01, LLC, a Delaware limited liability company
ARHC HBTPAFL01, LLC, a Delaware limited liability company
ARHC JCCRKGA01, LLC, a Delaware limited liability company
ARHC PHCRPIA01, LLC, a Delaware limited liability company
ARHC ARCLRMI01, LLC, a Delaware limited liability company
ARHC KB BORROWER 1, LLC, a Delaware limited liability company
ARHC KB BORROWER 2, LLC, a Delaware limited liability company
ARHC KB BORROWER 3, LLC, a Delaware limited liability company
ARHC KB BORROWER 4, LLC, a Delaware limited liability company
ARHC KB BORROWER 5, LLC, a Delaware limited liability company
ARHC KB BORROWER 6, LLC, a Delaware limited liability company
ARHC KB BORROWER 7, LLC, a Delaware limited liability company
ARHC KB BORROWER 8, LLC, a Delaware limited liability company
ARHC KB BORROWER 9, LLC, a Delaware limited liability company
ARHC KB BORROWER 10, LLC, a Delaware limited liability company
ARHC KB BORROWER 11, LLC, a Delaware limited liability company
ARHC KB BORROWER 12, LLC, a Delaware limited liability company
ARHC KB BORROWER 13, LLC, a Delaware limited liability company
ARHC KB BORROWER 14, LLC, a Delaware limited liability company
ARHC KB BORROWER 15, LLC, a Delaware limited liability company
SCHEDULE III
ADDITIONAL MORTGAGED PROPERTY
PROPERTY | LOCATION |
Meadowbrook Senior Living at Agoura Hills | 0000 Xxxxxxxxx Xxxx, Xxxxxx Xxxxx, Xxx Xxxxxxx Xxxxxx, XX 00000 |
Allegro Tarpon Springs | 0000 Xxxx Xxxx Xxxx Xxxxx, Xxxxxx Xxxxxxx, Xxxxxxxx Xxxxxx, XX 00000 |
The Estate at Hyde Park | 0000 Xxxx Xxxx Xxxxx, Xxxxx, Xxxxxxxxxxxx Xxxxxx, XX 00000 |
Xxxxxxxxx Place of Xxxxx Creek | 0000 Xxxxxxx Xxxxxx Xxxx, Xxxxx Xxxxx, Xxxxxx Xxxxxx, XX 00000 |
Prairie Hills at Cedar Rapids | 0000 X Xxxxxx XX, Xxxxx Xxxxxx, Xxxx Xxxxxx, XX 00000 |
Autumn Ridge of Clarkston | 0000 Xxxxx Xxxxx Xxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxx, XX 00000 |
SCHEDULE 2 (SECTION I) TO
Summary of Master Terms
I. GENERAL PARTY AND MULTIFAMILY PROJECT INFORMATION | |
Borrower | (a) ARHC LSSMTMO01, LLC (b) ARHC PVVLGKS01, LLC (c) ARHC SCKCYMO01, LLC (d) ARHC XXXXXXX00, LLC (e) ARHC XXXXXXX00, LLC (f) ARHC ALTSPFL01, LLC (g) ARHC HBTPAFL01, LLC (h) ARHC JCCRKGA01, LLC (i) ARHC PHCRPIA01, LLC (j) ARHC ARCLRMI01, LLC (k) ARHC KB BORROWER 1, LLC (l) ARHC KB BORROWER 2, LLC (m) ARHC KB BORROWER 3, LLC (n) ARHC KB BORROWER 4, LLC (o) ARHC KB BORROWER 5, LLC (p) ARHC KB BORROWER 6, LLC (q) ARHC KB BORROWER 7, LLC (r) ARHC KB BORROWER 8, LLC (s) ARHC KB BORROWER 9, LLC (t) ARHC KB BORROWER 10, LLC (u) ARHC KB BORROWER 11, LLC (v) ARHC KB BORROWER 12, LLC (w) ARHC KB BORROWER 13, LLC (x) ARHC KB BORROWER 14, LLC (y) ARHC KB BORROWER 15, LLC |
Lender | KeyBank National Association |
Key Principal | Healthcare Trust Operating Partnership, L.P. (f/k/a American Realty Capital Healthcare Trust II Operating Partnership, L.P.) and Healthcare Trust, Inc. (f/k/a American Realty Capital Healthcare Trust II, Inc.) |
Guarantor | Healthcare Trust Operating Partnership, L.P. |
Multifamily Project | (a) Sunnybrook of Prairie Village (b) Xxxxxxxxx Place (c) Sunnybrook of Shoal Creek (d) Sunnybrook of Xxx’x Summit (e) Meadowbrook Senior Living at Agoura Hills (f) Allegro Tarpon Springs (g) The Estate at Hyde Park (h) Xxxxxxxxx Place of Xxxxx Creek (i) Prairie Hills at Cedar Rapids (j) Autumn Ridge of Clarkston |
Type of Property | As shown on the SASA for each Mortgaged Property |
Seniors Housing Facility Licensing Designation | As shown on the SASA for each Mortgaged Property |
HIPAA Covered Entity | Xxxxxxxxx Place of Xxx’x Summit Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Prairie Village Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Shoal Creek Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Northville Borrower Yes No Operator Yes No Manager Yes No Meadowbrook Senior Living at Agoura Hills Borrower Yes No Operator Yes No Manager Yes No Allegro Tarpon Springs Borrower Yes No Operator Yes No Manager Yes No The Estate at Hyde Park Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Xxxxx Creek Borrower Yes No Operator Yes No Manager Yes No Prairie Hills at Cedar Rapids Borrower Yes No Operator Yes No Manager Yes No Autumn Ridge of Clarkston Borrower Yes No Operator Yes No Manager Yes No |
Medicaid Participant | Xxxxxxxxx Place of Xxx’x Summit Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Prairie Village Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Shoal Creek Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Northville Borrower Yes No Operator Yes No Manager Yes No Meadowbrook Senior Living at Agoura Hills Borrower Yes No Operator Yes No Manager Yes No Allegro Tarpon Springs Borrower Yes No Operator Yes No Manager Yes No The Estate at Hyde Park Borrower Yes No Operator Yes No Manager Yes No Xxxxxxxxx Place of Xxxxx Creek Borrower Yes No Operator Yes No Manager Yes No Prairie Hills at Cedar Rapids Borrower Yes No Operator Yes No Manager Yes No Autumn Ridge of Clarkston Borrower Yes No Operator Yes No Manager Yes No |
Property Operator(s) | Xxxxxxxxx Place of Xxx’x Summit Operator ARHC LSSMTMO01 TRS, LLC Manager Cedarhurst Living, LLC Xxxxxxxxx Place of Prairie Village Operator ARHC PVVLGKS01 TRS, LLC Manager Cedarhurst Living, LLC Xxxxxxxxx Place of Shoal Creek Operator ARHC SCKCYMO01 TRS, LLC Manager Cedarhurst Living, LLC Xxxxxxxxx Place of Northville Operator ARHC XXXXXXX00 TRS, LLC Manager Homestead Management Group, LLC Meadowbrook Senior Living at Agoura Hills Operator ARHC XXXXXXX00 TRS, LLC Manager Integral Senior Living Management, LLC Allegro Tarpon Springs Operator ARHC ALTSPFL01 TRS, LLC Manager Love Management Company, LLC (d/b/a Allegro Management Company) The Estate at Hyde Park Operator ARHC HBTPAFL01 TRS, LLC Manager SLH Tampa Bay Manager, LLC Xxxxxxxxx Place of Xxxxx Creek Operator ARHC JCCRKGA01 TRS, LLC Manager Symerica Senior Living Limited Partnership Prairie Hills at Cedar Rapids Operator ARHC PHCRPIA01 TRS, LLC Manager Symerica Senior Living Limited Partnership Autumn Ridge of Clarkston Operator ARHC ARCLRMI01 TRS, LLC Manager Homestead Management Group LLC |
Affiliated Property Operator(s) | Yes – All Operators listed above are Affiliated Property Operator(s) No |
Maximum Permitted Equipment Financing | Two percent (2%) of the Outstanding Advance Amount. |
ADDRESSES | |
Borrower’s General Business Address | x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx |
Borrower’s Notice Address | c/o Healthcare Trust, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx With a copy to: x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 10022 Attention: Xxxxxx Eichel Email: XXxxxxx@xx-xxxxxx.xxx and to Xxxxxx Xxxxxx Rosenman LLP 2900 K Street NW, North Tower - Suite 200 Washington, DC 20007-5118 Attention: Xxxxxxx X. Scharff Email: xxxx.xxxxxxx@xxxxxxxxx.xxx |
Multifamily Project Address | (a) Sunnybrook of Prairie Village 0000 Xxxxxxxx Xxxxx, Xxxxxxx Xxxxxxx, Xxxxxxx Xxxxxx, XX 00000 (b) Xxxxxxxxx Place 00000 Xxxx Xxxxx Xxxx Xxxx, Xxxxxxxxxx, Xxxxx Xxxxxx, XX 00000 (c) Sunnybrook of Shoal Creek 0000 Xxxxx Xxxxxx Xxxxx, Xxxxxx Xxxx, Xxxx Xxxxxx, XX 00000 (d) Sunnybrook of Xxx’x Summit 0000 XX Xxxx Xxxxxxx, Xxx’s Summit, Xxxxxxx County, MO 64063 (e) Meadowbrook Senior Living at Agoura Hills 0000 Xxxxxxxxx Xxxx, Xxxxxx Xxxxx, Xxx Xxxxxxx Xxxxxx, XX 00000 (f) Allegro Tarpon Springs 0000 Xxxx Xxxx Xxxx Xxxxx, Xxxxxx Xxxxxxx, Xxxxxxxx Xxxxxx, XX 00000 (g) The Estate at Hyde Park 0000 Xxxx Xxxx Xxxxx, Xxxxx, Xxxxxxxxxxxx Xxxxxx, XX 00000 (h) Xxxxxxxxx Place of Xxxxx Creek 0000 Xxxxxxx Xxxxxx Xxxx, Xxxxx Xxxxx, Xxxxxx Xxxxxx, XX 00000 (i) Prairie Hills at Cedar Rapids 0000 X Xxxxxx XX, Xxxxx Xxxxxx, Xxxx Xxxxxx, XX 00000 (j) Autumn Ridge of Clarkston 0000 Xxxxx Xxxxx Xxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxx, XX 00000 |
Key Principal’s General Business Address | x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx |
Key Principal’s Notice Address | c/o Healthcare Trust, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx With a copy to: x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 10022 Attention: Xxxxxx Eichel Email: XXxxxxx@xx-xxxxxx.xxx and to Xxxxxx Xxxxxx Rosenman LLP 2900 K Street NW, North Tower - Suite 200 Washington, DC 20007-5118 Attention: Xxxxxxx X. Scharff Email: xxxx.xxxxxxx@xxxxxxxxx.xxx |
Guarantor’s General Business Address | x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx |
Guarantor’s Notice Address | c/o Healthcare Trust, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx With a copy to: x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 10022 Attention: Xxxxxx Eichel Email: XXxxxxx@xx-xxxxxx.xxx and to Xxxxxx Xxxxxx Xxxxxxxx LLP 2900 K Street NW, North Tower - Suite 200 Washington, DC 20007-5118 Attention: Xxxxxxx X. Scharff Email: xxxx.xxxxxxx@xxxxxxxxx.xxx |
Lender’s General Business Address | c/o KeyBank Real Estate Capital – Servicing Xxxx. 00000 Xxxxxxx Xxxxxx, Xxxxx #000 Xxxxxxxx Xxxx, Xxxxxx 66211 Mailcode: KS-01-11-0501 Attn: Servicing Manager |
Lender’s Notice Address | c/o KeyBank Real Estate Capital – Servicing Xxxx. 00000 Xxxxxxx Xxxxxx, Xxxxx #000 Xxxxxxxx Xxxx, Xxxxxx 66211 Mailcode: KS-01-11-0501 Attn: Servicing Xxxxxxx |
Lender’s Payment Address | KeyBank Real Estate Capital P.O. Xxx 000000 Xxxxxxxxxx, XX 00000 |
Manager’s General Business Address | Xxxxxxxxx Place of Prairie Village, Xxxxxxxxx Place of Shoal Creek and Xxxxxxxxx Place of Xxx’x Summit Cedarhurst Living, LLC x/x Xxxxxx Xxxxxxx 000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxx, Xxxxxxxx 00000 Xxxxxxxxx Place and Autumn Ridge of Clarkston Homestead Management Group LLC c/o Homestead Management 21800 Xxxxxxxx Xx. #205 Northville, MI 48167 Allegro Tarpon Springs Allegro Management Company 212 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 000 Xx. Xxxxx, XX 63105 Attention: CFO The Estate at Hyde Park SLH Tampa Bay Manager, LLC 303 X. Xxxxxx Drive, Suite 2400 Chicago, IL 60601 Attention: Xxxxxxx X. Xxxx Meadowbrook Senior Living at Agoura Hills Integral Senior Living Management, XXX 0000 Xxxxx Xxxxxx, Xxxxx 000 Xxxxxxxx, Xxxxxxxxxx 00000 Xxxxxxxxx: Xxxxxx XxXxxxxx Xxxxxxxxx Place of Xxxxx Creek and Prairie Hills at Cedar Rapids Symerica Senior Living Limited Partnership 2189 Cleveland Street, Suite 235 Clearwater, Florida 33765 Attention: Xxxx Xxxxx |
Manager’s Notice Address | Xxxxxxxxx Place of Prairie Village, Xxxxxxxxx Place of Shoal Creek and Xxxxxxxxx Place of Xxx’x Summit Cedarhurst Living, LLC x/x Xxxxxx Xxxxxxx 000 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 000 Xxxxxxx, Xxxxxxxx 00000 Xxxxxxxxx Place and Autumn Ridge of Clarkston Homestead Management Group LLC c/o Homestead Management 21800 Xxxxxxxx Xx. #205 Northville, MI 48167 Email: xxxxxxxxxx@xxxxx.xxx Allegro Tarpon Springs Allegro Management Company 212 Xxxxx Xxxxxxx Xxxxxx, Xxxxx 000 Xx. Xxxxx, XX 63105 Attention: CFO Email: xxxxx@xxxxxxxxxxxxx.xxx With copy to: Xxxxxxx Xxxxx Xxxxxx, Esq., B.C.S. Duss, Kenney, Safer, Hampton & Xxxx, X.X. 0000 Xxxxxxxxxx Xxxxxxxxx, Xxxxx 000 Xxxxxxxxxxxx, Xxxxxxx 00000 Xxxxx: Xxxxxxx@xxxxxxx.xxx The Estate at Hyde Park SLH Tampa Bay Manager, LLC 303 X. Xxxxxx Drive, Suite 2400 Chicago, IL 60601 Attention: Xxxxxxx X. Xxxx Meadowbrook Senior Living at Agoura Hills Integral Senior Living Management, XXX 0000 Xxxxx Xxxxxx, Xxxxx 000 Xxxxxxxx, Xxxxxxxxxx 00000 Xxxxxxxxx: Xxxxxx XxXxxxxx Xxxxxxxxx Place of Xxxxx Creek and Prairie Hills at Cedar Rapids Symerica Senior Living Limited Partnership 2189 Cleveland Street, Suite 235 Clearwater, Florida 33765 Attention: Xxxx Brush Email: xxxxxx@xxxxxxxxxxxxxxxxxxxx.xxx |
Operator’s General Business Address | x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx |
Operator’s Notice Address | c/o Healthcare Trust, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, XX 10022 Attention: X. Xxxx Jensen Email: xxxxxxx@xx-xxxxxx.xxx With a copy to: x/x Xxxxxxxxxx Xxxxx, Xxx. 000 Xxxx Xxxxxx Xxx Xxxx, Xxx Xxxx 10022 Attention: Xxxxxx Eichel Email: XXxxxxx@xx-xxxxxx.xxx and to Xxxxxx Xxxxxx Xxxxxxxx LLP 2900 K Street NW, North Tower - Suite 200 Washington, DC 20007-5118 Attention: Xxxxxxx X. Scharff Email: xxxx.xxxxxxx@xxxxxxxxx.xxx |
Sublessee’s General Business Address | N/A |
Sublessee’s Notice Address | N/A |
INITIAL PAGE TO SCHEDULE 2 (SECTION I) TO
Summary of Master Terms
__________________________
Borrower Initials
SCHEDULE 3.3 TO
MASTER CREDIT FACILITY AGREEMENT
Schedule of Advance Terms
III. INFORMATION FOR $84,031,000 VARIABLE ADVANCE MADE OCTOBER 26, 2017 | |
Adjustable Rate | Until the first Rate Change Date, the Initial Adjustable Rate, and from and after each Rate Change Date following the first Rate Change Date until the next Rate Change Date, a per annum interest rate that is the sum of (i) the Current Index, and (ii) the Margin, which sum is then rounded to the nearest three (3) decimal places; provided, however, that the Adjustable Rate shall never be less than the Margin. |
Advance Amount | $84,031,000 |
Advance Term | 108 months. |
Advance Year | The period beginning on the Effective Date and ending on the last day of October, 2018, and each successive twelve (12) month period thereafter. |
Amortization Type | Amortizing Full Term Interest Only Partial Interest Only |
Current Index | The published Index that is effective on the Business Day immediately preceding the applicable Rate Change Date. |
Effective Date | October 26, 2017 |
First Payment Date | The first day of December, 2017. |
First Principal and Interest Payment Date | The first day of December, 2022. |
Fixed Monthly Principal Component | $106,061.04 |
Fixed Rate Amortization Factor | 4.50% per annum |
Index | One Month LIBOR |
Initial Adjustable Rate | 3.648% per annum. |
Initial Monthly Debt Service Payment | $255,454.24 |
Interest Accrual Method | Actual/360 (computed on the basis of a three hundred sixty (360) day year and the actual number of calendar days during the applicable month, calculated by multiplying the unpaid principal balance of the Advance by the Interest Rate, dividing the product by three hundred sixty (360), and multiplying the quotient obtained by the actual number of days elapsed in the applicable month). |
Interest Only Term | 60 months. |
Interest Rate Type | Structured ARM |
Last Interest Only Payment Date | The first day of November, 2022. |
Margin | 2.410% |
Maturity Date | The first day of November, 2026, or any later date to which the Maturity Date may be extended (if at all) pursuant to this Master Agreement in connection with an election by Borrower to convert the Interest Rate on the Advance to a fixed rate pursuant to the terms of this Master Agreement, or any earlier date on which the unpaid principal balance of the Advance becomes due and payable by acceleration or otherwise. |
Monthly Debt Service Payment | (i) for the First Payment Date, the Initial Monthly Debt Service Payment; (ii) for each Payment Date thereafter through and including the Last Interest Only Payment Date, the amount obtained by multiplying the unpaid principal balance of the Advance by the Adjustable Rate, dividing the product by three hundred sixty (360), and multiplying the quotient by the actual number of days elapsed in the applicable month; (iii) for the First Principal and Interest Payment Date and each Payment Date thereafter until the Advance is fully paid, an amount equal to the sum of: (1) the Fixed Monthly Principal Component; plus (2) an interest payment equal to the amount obtained by multiplying the unpaid principal balance of the Advance by the Adjustable Rate, dividing the product by three hundred sixty (360), and multiplying the quotient by the actual number of days elapsed in the applicable month. |
Payment Change Date | The first (1st) day of the month following each Rate Change Date until the Advance is fully paid. |
Prepayment Lockout Period | The first (1st) Advance Year of the term of the Advance. |
Rate Change Date | The First Payment Date and the first (1st) day of each month thereafter until the Advance is fully paid. |
Remaining Amortization Period | As of the First Principal and Interest Payment Date and each Payment Date thereafter, the Amortization Period minus the number of scheduled principal and interest Monthly Debt Service Payments that have elapsed since the Effective Date. |
IV. YIELD MAINTENANCE/PREPAYMENT PREMIUM INFORMATION | |
Prepayment Premium Term | The period beginning on the Effective Date and ending on the last calendar day of the fourth (4th) month prior to the month in which the Maturity Date occurs. |
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INITIAL PAGE TO SCHEDULE 3.3 TO
MASTER CREDIT FACILITY AGREEMENT
Schedule of Advance Terms
____________________
Borrower Initials
SCHEDULE 4.3 TO
MASTER CREDIT FACILITY AGREEMENT
Prepayment Premium Schedule
(1% Prepayment Premium – ARM, SARM)
1.Defined Terms.
All capitalized terms used but not defined in this Prepayment Premium Schedule shall have the meanings assigned to them in the Master Agreement.
2.Prepayment Premium.
(a) Any Prepayment Premium payable under Section 2.04 (Prepayment; Prepayment Lockout; Prepayment Premium) of the Master Agreement shall be equal to the following percentage of the amount of principal being prepaid at the time of such prepayment, acceleration or application:
Prepayment Lockout Period | 5.00% |
Second Loan Year, and each Loan Year thereafter | 1.00% |
(b) Notwithstanding the provisions of Section 2.04 (Prepayment; Prepayment Lockout; Prepayment Premium) of the Master Agreement or anything to the contrary in this Prepayment Premium Schedule, no Prepayment Premium shall be payable with respect to any prepayment made on or after the last calendar day of the fourth (4th) month prior to the month in which the Maturity Date occurs.
[Remainder of Page Intentionally Blank]
INITIAL PAGE TO SCHEDULE 4.3 TO
MASTER CREDIT FACILITY AGREEMENT
Prepayment Premium Schedule
____________________
Borrower Initials
SCHEDULE 5.1 TO
MASTER CREDIT FACILITY AGREEMENT
Required Replacement Schedule
Mortgaged Property Name: Xxxxxxxxx Place of Xxxxx Creek
Per Unit | ||
Initial Deposit | $0 | $0 |
Monthly Deposit | $1,475 | $25 |
Mortgaged Property Name: Allegro Tarpon Springs
Per Unit | ||
Initial Deposit | $120,516 | $1,309.96 |
Monthly Deposit | $2,300 | $25 |
Mortgaged Property Name: Autumn Ridge of Clarkston
Per Unit | ||
Initial Deposit | $162,200 | $1,622 |
Monthly Deposit | $2,500 | $25 |
Mortgaged Property Name: Estate at Hyde Park
Per Unit | ||
Initial Deposit | $40,608 | $588.52 |
Monthly Deposit | $1,725 | $25 |
Mortgaged Property Name: Meadowbrook at Agoura Hills
Per Unit | ||
Initial Deposit | $29,032 | $186.10 |
Monthly Deposit | $3,900 | $25 |
Mortgaged Property Name: Prairie Hills at Cedar Rapids
Per Unit | ||
Initial Deposit | $43,271 | $961.58 |
Monthly Deposit | $1,125 | $25 |
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INITIAL PAGE TO SCHEDULE 5.1 TO
MASTER CREDIT FACILITY AGREEMENT
Required Replacement Schedule
____________________
Borrower Initials
SCHEDULE 6.1 TO
MASTER CREDIT FACILITY AGREEMENT
Required Repair Schedule
Mortgaged Property Name: Meadowbrook at Agoura Hills
Required Repair Schedule | ||||||
Repair Description | Estimated Cost | Maximum Repair Escrow (125%) | Completion Date | |||
None | $0.00 | |||||
Total Repairs | $0.00 | |||||
Total Repairs Escrow | ||||||
Mortgaged Property Name: Allegro Tarpon Springs
Required Repair Schedule | ||||||
Repair Description | Estimated Cost | Maximum Repair Escrow (125%) | Completion Date | |||
None | $0.00 | |||||
Total Repairs | $0.00 | |||||
Total Repairs Escrow | ||||||
Mortgaged Property Name: The Estate at Hyde Park
Required Repair Schedule | ||||||
Repair Description | Estimated Cost | Maximum Repair Escrow (125%) | Completion Date | |||
None | $0.00 | |||||
Total Repairs | $0.00 | |||||
Total Repairs Escrow | ||||||
Mortgaged Property Name: Xxxxxxxxx Place of Xxxxx Creek
Required Repair Schedule | ||||||
Repair Description | Estimated Cost | Maximum Repair Escrow (125%) | Completion Date | |||
None | $0.00 | |||||
Total Repairs | $0.00 | |||||
Total Repairs Escrow | ||||||
Mortgaged Property Name: Prairie Hills at Cedar Rapids
Required Repair Schedule | ||||||
Repair Description | Estimated Cost | Maximum Repair Escrow (125%) | Completion Date | |||
None | $0.00 | |||||
Total Repairs | $0.00 | |||||
Total Repairs Escrow | ||||||
Mortgaged Property Name: Autumn Ridge of Clarkson
Required Repair Schedule | ||||||
Repair Description | Estimated Cost | Maximum Repair Escrow (125%) | Completion Date | |||
None | $0.00 | |||||
Total Repairs | $0.00 | |||||
Total Repairs Escrow | ||||||
INITIAL PAGE TO SCHEDULE 6.1 TO
MASTER CREDIT FACILITY AGREEMENT
Required Repair Schedule
____________________
Borrower Initials
SCHEDULE 13 TO
MASTER CREDIT FACILITY AGREEMENT
Ownership Interests Schedule
INITIAL PAGE TO SCHEDULE 13 TO
MASTER CREDIT FACILITY AGREEMENT
Ownership Interest Schedule
____________________ Borrower Initials | |
SCHEDULE 16.1 TO
MASTER CREDIT FACILITY AGREEMENT
Exceptions to Representations and Warranties and Exceptions to Covenants
1.Section 4.01(f) (Effect of Master Agreement on Financial Condition) and Section 4.01(i) (No Bankruptcies or Judgments). Until such time as a Multifamily Residential Property meeting all of the Underwriting and Servicing Requirements is acquired by such Shell Borrower and concurrently added to the Collateral Pool in connection with a Future Advance made subject to and in accordance with the terms of the Master Agreement, such Shell Borrower will be rendered Insolvent by the transactions contemplated by the provisions of the Master Agreement and other Loan Documents and such Shell Borrower will not have sufficient working capital to pay all of such Shell Borrower’s outstanding debts as they come due, including all Debt Service Amounts.
INITIAL PAGE TO SCHEDULE 16.1 TO
MASTER CREDIT FACILITY AGREEMENT
Exceptions to Representations and Warranties and Exceptions to Covenants
____________________ Borrower Initials | |
SCHEDULE 20 TO
MASTER CREDIT FACILITY AGREEMENT
Condominium Provisions
(Prairie Hills at Cedar Rapids)
The foregoing Master Agreement is hereby modified as follows:
1.Capitalized terms used and not specifically defined herein have the meanings given to such terms in the Master Agreement.
2.The Definitions Schedule is hereby amended by adding the following new definitions in the appropriate alphabetical order:
“Condominium” has the meaning set forth in the Security Instrument securing the Mortgaged Property commonly known as Prairie Hills at Cedar Rapids (the “Prairie Hills Security Instrument”).
“Condominium Act” has the meaning set forth in the Prairie Hills Security Instrument.
“Condominium Documents” has the meaning set forth in the Prairie Hills Security Instrument.
3.Section 14.01(a) (Events of Default – Automatic Events of Default) of the Master Agreement is hereby amended by adding the following provision to the end thereof:
(22) Borrower (A) terminates or revokes or attempts to terminate or revoke the appointment of Lender as Borrower’s proxy or attorney-in-fact either permanently or as to any election in the Condominium Act or Condominium Documents, or (B) modifies or attempts to modify the terms of the Condominium Documents without the prior written consent of Lender.
4.Section 14.03(c) (Appointment of Lender as Attorney-in-Fact) of the Master Agreement is hereby amended by adding the following provision to the end thereof:
(15) perform all of the obligations and exercise all of the rights and powers of Borrower under the Condominium Documents.
5.The following article is hereby added to the Master Agreement as Article 16 (Condominium Provisions):
ARTICLE 16 - CONDOMINIUM PROVISIONS
Section 16.01 Representations and Warranties.
The representations and warranties made by Borrower to Lender in this Section 16.01 (Condominium Provisions – Representations and Warranties) are made as of the Effective Date of the Addition of the Mortgaged Property commonly known as Prairie Hills at Cedar Rapids to the Collateral Pool.
(a) The Mortgaged Property commonly known as Prairie Hills at Cedar Rapids is a Condominium and constitutes all of the condominium units and all of the common elements comprising the Condominium as set forth in the Condominium Documents.
(b) None of the condominium units and no portion of the common elements comprising the Condominium have been sold, conveyed or encumbered or are subject to any agreement to sell, convey or encumber.
Section 16.02 Covenants.
(a) Condominium Assessments.
Notwithstanding Borrower’s payment of annual assessments or special assessments levied under the terms of the Condominium Documents to provide any repairs to or maintenance of any of the common elements, Borrower shall deposit any Initial Replacement Reserve Deposit, Repairs Deposit and Monthly Replacement Reserve Deposit required pursuant to the terms of this Master Agreement.
(b) Insurance.
Borrower shall maintain insurance in accordance with Lender’s guidelines on all of the Mortgaged Property commonly known as Prairie Hills at Cedar Rapids, including any common areas.
(c) Indemnification.
Borrower agrees to indemnify and hold Lender harmless from and against any and all losses, costs, liabilities, or damages (including reasonable attorneys’ fees and disbursements) arising out of (1) the failure of Borrower to comply with any state or local law, ordinance, statute, rule, or regulation by any Governmental Authority covering the Condominium, (2) any claim of any unit owner or tenant of any unit owner as a result of any violation, breach, misrepresentation, fraud, act, or omission of any obligation of Borrower as set forth in the Condominium Documents, or (3) the performance by Lender of any of the rights and powers of Borrower under the Condominium Documents, provided that Borrower shall have no indemnity obligation if such losses, costs, liabilities, or damages arise as a result of the willful misconduct or gross negligence of Lender, Lender’s agents, employees or representatives as determined by a court of competent jurisdiction pursuant to a final non-appealable court order.
(d) Power of Attorney.
Borrower acknowledges and consents to the exercise by Lender of the power of attorney and proxy granted by Borrower to Lender with respect to rights of Borrower in connection with the Condominium.
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INITIAL PAGE TO SCHEDULE 20 TO
MASTER CREDIT FACILITY AGREEMENT
Condominium Provisions
(Prairie Hills at Cedar Rapids)
__________________________
Borrower Initials
EXHIBIT A TO MASTER CREDIT FACILITY AGREEMENT
SCHEDULE OF MORTGAGED PROPERTIES
AND VALUATIONS
(Seniors Housing)
PROPERTY | LOCATION | OWNER | INITIAL VALUATION | INITIAL ALLOCABLE FACILITY AMOUNT |
Sunnybrook of Prairie Village | 0000 Xxxxxxxx Xxxxx, Xxxxxxx Xxxxxxx, Xxxxxxx Xxxxxx, XX 00000 | ARHC PVVLGKS01, LLC, a Delaware limited liability company | $25,640,000 | $10,000,000 |
Xxxxxxxxx Place | 00000 Xxxx Xxxxx Xxxx Xxxx, Xxxxxxxxxx, Xxxxx Xxxxxx, XX 00000 | ARHC XXXXXXX00, LLC, a Delaware limited liability company | $23,000,000 | $5,000,000 |
Sunnybrook of Shoal Creek | 0000 Xxxxx Xxxxxx Xxxxx, Xxxxxx Xxxx, Xxxx Xxxxxx, XX 00000 | ARHC SCKCYMO01, LLC, a Delaware limited liability company | $23,180,000 | $5,000,000 |
Sunnybrook of Xxx’x Summit | 0000 XX Xxxx Xxxxxxx, Xxx’s Summit, Xxxxxxx County, MO 64063 | ARHC LSSMTMO01, LLC, a Delaware limited liability company | $29,750,000 | $10,000,000 |
Meadowbrook Senior Living at Agoura Hills | 0000 Xxxxxxxxx Xxxx, Xxxxxx Xxxxx, Xxx Xxxxxxx Xxxxxx, XX 00000 | ARHC XXXXXXX00, LLC, a Delaware limited liability company | $33,631,490 | $19,167,000 |
Allegro Tarpon Springs | 0000 Xxxx Xxxx Xxxx Xxxxx, Xxxxxx Xxxxxxx, Xxxxxxxx Xxxxxx, XX 00000 | ARHC ALTSPFL01, LLC, a Delaware limited liability company | $18,390,000 | $7,350,000 |
The Estate at Hyde Park | 0000 Xxxx Xxxx Xxxxx, Xxxxx, Xxxxxxxxxxxx Xxxxxx, XX 00000 | ARHC HBTPAFL01, LLC, a Delaware limited liability company | $29,850,000 | $20,116,000 |
Xxxxxxxxx Place of Xxxxx Creek | 0000 Xxxxxxx Xxxxxx Xxxx, Xxxxx Xxxxx, Xxxxxx Xxxxxx, XX 00000 | ARHC JCCRKGA01, LLC, a Delaware limited liability company | $17,430,000 | $10,139,000 |
Prairie Hills at Cedar Rapids | 0000 X Xxxxxx XX, Xxxxx Xxxxxx, Xxxx Xxxxxx, XX 00000 | ARHC PHCRPIA01, LLC, a Delaware limited liability company | $12,630,000 | $8,014,000 |
Autumn Ridge of Clarkston | 0000 Xxxxx Xxxxx Xxxxx, Xxxxxxxxx, Xxxxxxx Xxxxxx, XX 00000 | ARHC ARCLRMI01, LLC, a Delaware limited liability company | $25,660,000 | $19,245,000 |
Reaffirmation, Joinder and Second Amendment to Master Credit Facility Agreement | 5 | |
HTI/KeyBank (Addition of 6) | ||
