LOAN AGREEMENTLoan Agreement • April 11th, 2018 • American Church Mortgage Co • Real estate • Minnesota
This loan agreement (“Agreement”) is made this 9th day of April, 2018 by and Alerus Financial, N.A., a banking institution organized and existing under the laws of the United States, having an address of 2330 South Columbia Road, Grand Forks, North Dakota 58201 (“Bank”) and American Church Mortgage Company, a Minnesota corporation, having an address of 10400 Yellow Circle Drive, #102, Minnetonka, MN 55343 (“Borrower”), for the purposes of extending to the Borrower a Four Million ($4,000,000.00) Dollar credit accommodation on the terms and conditions set forth herein.
