CONSTRUCTION LOAN AGREEMENTConstruction Loan Agreement • August 8th, 2016 • Owens Realty Mortgage, Inc. • Real estate investment trusts • Arizona
This Construction Loan Agreement is made as of August 3, 2016, by and between ZALANTA RESORT AT THE VILLAGE, LLC, a California limited liability company (“ZRV”), and ZALANTA RESORT AT THE VILLAGE - PHASE II, LLC, a California limited liability company (“ZRVII”, and individually and collectively, jointly, severally, and jointly and severally with ZRV, the “Borrower”) having its principal office at 2221 Olympic Boulevard, Walnut Creek, California 94595, and WESTERN ALLIANCE BANK, an Arizona corporation (“Lender”), whose mailing address is 5335 Kietzke Lane, Suite 200, Reno, Nevada 89511.
ContractOmnibus Assignment of Agreements • August 8th, 2016 • Owens Realty Mortgage, Inc. • Real estate investment trusts • Arizona
REPAYMENT GUARANTYRepayment Guaranty • August 8th, 2016 • Owens Realty Mortgage, Inc. • Real estate investment trusts • Arizona
THIS REPAYMENT GUARANTY (the “Guaranty”) is made as of August 3, 2016, by OWENS REALTY MORTGAGE, INC., a Maryland corporation (“Guarantor”), whose address is set forth in Section 9 hereof, in favor of WESTERN ALLIANCE BANK, an Arizona corporation (“Lender”), whose address is 5335 Kietzke Lane, Suite 200, Reno, Nevada 89511.
ENVIRONMENTAL INDEMNITY AGREEMENTEnvironmental Indemnity Agreement • August 8th, 2016 • Owens Realty Mortgage, Inc. • Real estate investment trusts • Arizona
BY THIS AGREEMENT, executed as of August 3, 2016, in connection with and as partial consideration for financial accommodations by WESTERN ALLIANCE BANK, an Arizona corporation (“Lender”), to ZALANTA RESORT AT THE VILLAGE, LLC, a California limited liability company (“ZRV”), and ZALANTA RESORT AT THE VILLAGE - PHASE II, LLC, a California limited liability company (“ZRVII”, and individually and collectively, jointly, severally, and jointly and severally with ZRV, the “Borrower”), in the original principal amount of up to $31,000,000.00 (the “Loan”), evidenced by the Secured Promissory Note dated of even date herewith (the “Note”), secured or to be secured in part by (i) a Construction Deed of Trust and Fixture Filing (With Assignment of Rents and Security Agreement) of even date herewith, executed by ZRV, as trustor, for the benefit of Lender, as beneficiary, and (ii) a Deed of Trust and Fixture Filing (With Assignment of Rents and Security Agreement) of even date herewith, executed by Z
ContractSecurity Agreement • August 8th, 2016 • Owens Realty Mortgage, Inc. • Real estate investment trusts • Arizona
COMPLETION GUARANTYCompletion Guaranty • August 8th, 2016 • Owens Realty Mortgage, Inc. • Real estate investment trusts • Arizona
THIS COMPLETION GUARANTY (the “Guaranty”) is made as of August 3, 2016, by OWENS REALTY MORTGAGE, INC., a Maryland corporation (“Guarantor”), whose address is set forth in Section 9 hereof, in favor of WESTERN ALLIANCE BANK, an Arizona corporation (“Lender”), whose address is 5335 Kietzke Lane, Suite 200, Reno, Nevada 89511.
