Revolving Credit NoteRevolving Credit Note • March 3rd, 2023 • Sachem Capital Corp. • Real estate investment trusts
FOR VALUE RECEIVED, Sachem Capital Corp., a New York corporation (the “Borrower”), hereby promises to pay to the order of Needham Bank, a Massachusetts co-operative bank, in its capacity as a Lender (together with its successors and assigns in such capacity, the “Lender”), on or prior to the Expiration Date, the principal amount of Forty-Five Million and 00/100 dollars ($45,000,000.00), or, if less, the aggregate unpaid principal amount of all Revolving Loans made by the Lender to the Borrower pursuant to the Credit Agreement (as defined below), from time to time, together with interest on the unpaid principal amount hereof until paid at the rate per annum set forth in the Credit Agreement.
OPEN-END MORTGAGE SECURITY AGREEMENT, AND ASSIGNMENT OF LEASES AND RENTSOpen-End Mortgage Security Agreement • March 3rd, 2023 • Sachem Capital Corp. • Real estate investment trusts • Connecticut
KNOW YE, that Sachem Capital Corp., a New York Corporation with a mailing address at 698 Main Street, Branford, Connecticut 06450 (hereinafter called the "Borrower"), for the consideration of ONE DOLLAR ($1.00) and other good and valuable consideration received to the Borrower's full satisfaction from New Haven Bank (hereinafter called the "Bank"), does hereby give, grant, bargain, sell and confirm, with MORTGAGE COVENANTS (hereinafter referred to as the "Mortgage"), unto the Bank, its successors and assigns forever the real property and improvements thereon known as 698 Main Street, Branford, Connecticut (the "Address") and 568 East Main Street, Branford, Connecticut as described in more detail on Exhibit A attached hereto and made a part hereof (the "Property").
LOAN AGREEMENTLoan Agreement • March 3rd, 2023 • Sachem Capital Corp. • Real estate investment trusts • Connecticut
This LOAN AGREEMENT (this "Agreement") is entered into at East Haven, Connecticut, as of February 28, 2023, between Sachem Capital Corp., a New York corporation, with an office at 698 Main Street, Branford, Connecticut 06450 (the "Borrower") and New Haven Bank, with an address of 299 Whalley Avenue, New Haven, Connecticut 06511 (the "Bank").
Credit and Security Agreement among Sachem Capital Corp., the Lenders party hereto and Needham Bank, as Administrative Agent dated: March 2, 2023Credit and Security Agreement • March 3rd, 2023 • Sachem Capital Corp. • Real estate investment trusts • Massachusetts
This Credit and Security Agreement, dated as of March 2, 2023 (this “Agreement”), is entered into by and among Sachem Capital Corp., a New York corporation (the “Borrower”), each lender from time to time a party hereto (collectively, the “Lenders” and individually a “Lender”) and Needham Bank, a Massachusetts co-operative bank (“Needham”), in its capacity as administrative agent (the “Administrative Agent”).
