North Tower Mezzanine, LLC c/o Brookfield Properties
Exhibit 10.17
North Tower Mezzanine, LLC
c/o Brookfield Properties
000 Xxxxx Xxxxxx, 00xx Xxxxx
Xxx Xxxx, XX 00000
September 9, 2020
Via Electronic Mail
VI Asset Management
xxxxx@xxxxx.xx
Attention: Wonna Jin
Re: North Tower Mezzanine, LLC - 000 X. Xxxxx Xxxxxx, Xxx Xxxxxxx, Xxxxxxxxxx
Reference is hereby made to that certain loan (with a maximum committed balance of $65,000,000) issued pursuant to that certain Mezzanine A Loan Agreement dated as of September 21, 2018 (the “Loan Agreement”), between North Tower Mezzanine, LLC (“Borrower”) and Mirae Asset Daewoo Co., Ltd., as Lender. Capitalized terms not otherwise defined herein shall have the meanings ascribed to such terms in the Loan Agreement.
Pursuant to Section 2.9 of the Loan Agreement, Borrower is hereby exercising its option to extend the term of the Loan from the Initial Maturity Date, set to occur October 9, 2020, to the first Extended Maturity Date occurring October 9, 2021 by giving written notice to Shinhan Bank Co., Ltd., as Trustee of VI LA Realty Professional Private Investment Trust 1, as Subsequent Lender, not more than ninety (90) days, but not less than thirty (30) days, prior to the Initial Maturity Date.
Please feel free to contact Xxxxx Xxxxxxxxx at Xxxxx.xxxxxxxxx@xxxxxxxxxxxxxxxxxxxx.xxx or (212.417.2521) directly with any questions.
Please countersign this letter in the space provided below confirming your approval to the matters contained herein. Thank you.
Very truly yours,
North Tower Mezzanine, LLC By:/s/ Xxxxx Kirschner Name: Xxxxx Xxxxxxxxx Title: Authorized Signatory |
cc: xxxxxxxxxxx@xxxxx.xx
Exhibit 10.17
Acknowledged and agreed to by:
SHINHAN BANK CO., LTD.,
AS TRUSTEE OF VI LA REALTY PROFESSIONAL
PRIVATE INVESTMENT TRUST 1
By:/s/ SANGRYUL XXX
Name: Sangryul Xxx
Title: Deputy General Manager