LOAN AGREEMENT Dated as of July 2, 2007 Between ACADIA MERRILLVILLE REALTY, L.P., as Borrower and BEAR STEARNS COMMERCIAL MORTGAGE, INC., AS LENDERLoan Agreement • November 8th, 2007 • Acadia Realty Trust • Real estate investment trusts • New York
LOAN AGREEMENT Dated as of September 11, 2007 Between APA 216TH STREET LLC, as Borrower and BANK OF AMERICA, N.A., as LenderLoan Agreement • November 8th, 2007 • Acadia Realty Trust • Real estate investment trusts
THIS LOAN AGREEMENT, dated as of September 11, 2007 (as amended, restated, replaced, supplemented or otherwise modified from time to time, this “Agreement”), between BANK OF AMERICA, N.A., a national banking association, having an address at 214 North Tryon Street, Charlotte, North Carolina 28255 (together with its successors and/or assigns, “Lender”) and APA 216TH STREET LLC, a Delaware limited liability company, having an address at c/o Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, New York 10605 (together with its successors and/or assigns, “Borrower”).
PROMISSORY NOTEAcadia Realty Trust • November 8th, 2007 • Real estate investment trusts • New York
FOR VALUE RECEIVED, ACADIA MERRILLVILLE REALTY, L.P., an Indiana limited partnership, as maker, having its principal place of business c/o Acadia Realty Trust, 1311 Mamaroneck Avenue, Suite 260, White Plains, New York 10605 (“Borrower”), hereby unconditionally promises to pay to the order of BEAR STEARNS COMMERCIAL MORTGAGE, INC., a New York corporation, as lender, having an address at 383 Madison Avenue, New York, New York 10179 (“Lender”), or at such other place as the holder hereof may from time to time designate in writing, the principal sum of Twenty-Six Million Two Hundred Fifty Thousand and No/100 Dollars ($26,250,000.00), in lawful money of the United States of America with interest thereon to be computed from the date of this Note at the Applicable Interest Rate, and to be paid in accordance with the terms of this Note and that certain Loan Agreement, dated the date hereof, between Borrower and Lender (as the same may hereafter be amended, restated, replaced, supplemented, ren
