Common Contracts

PROMISSORY NOTE

March 29th, 2017

• Filed
  March 29th, 2017

Delaware limited liability company, as maker, having its principal place of business at c/o Atlas Multifamily Three, LLC, 221 North LaSalle Street, 25th Floor, Chicago, Illinois 60601 (“Borrower”), hereby unconditionally promises to pay to the order of MACQUARIE TEXAS LOAN HOLDER LLC, a corporation organized under the laws of Australia having its principal place of business at No. 1 St. Martin Place, Sydney, NSW, Australia (together with its successors and/or assigns, “Lender”), or at such other place as the holder hereof may from time to time designate in writing, the principal sum of SEVENTY ONE MILLION AND NO/100 DOLLARS ($71,000,000.00), or so much thereof as is advanced, in lawful money of the United States of America, with interest thereon to be computed from the date of this Promissory Note (this “Note”) at the Interest Rate, and to be paid in accordance with the terms of this Note and that certain Mezzanine Loan Agreement, dated as of the date hereof, between Borrower and Lende