LOAN AGREEMENT Dated as of January 21, 2011 between TAR HEEL BORROWER LLC, as Borrower, TAR HEEL OWNER LLC, as Maryland Guarantor, and GOLDMAN SACHS COMMERCIAL MORTGAGE CAPITAL, L.P., as LenderLoan Agreement • January 26th, 2011 • Pebblebrook Hotel Trust • Real estate investment trusts • New York
This Loan Agreement (this “Agreement”) is dated January 21, 2011 and is between GOLDMAN SACHS COMMERCIAL MORTGAGE CAPITAL, L.P., a Delaware limited partnership, as lender (together with its successors and assigns, including any lawful holder of any portion of the Indebtedness, as hereinafter defined, “Lender”), and TAR HEEL BORROWER LLC, a Delaware limited liability company, as borrower (together with its permitted successors and assigns, “Borrower”) and TAR HEEL OWNER LLC, a Delaware limited liability company, as guarantor (together with its permitted successors and assigns, “Maryland Guarantor,” and together with Borrower, individually or collectively, as the context may require, “Obligor”).
