LOAN AGREEMENT BETWEEN LIBERTY BANK AND PHR STPFL, LLCLoan Agreement • May 1st, 2024 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (hereinafter referred to as the "Agreement") made and entered into as of the 26th day of April, 2024, by and between LIBERTY BANK, a mutual bank organized and existing under the laws of the State of Connecticut, having its principal place of business at 245 Long Hill Road, Middletown, Connecticut 06457 (hereinafter referred to as the "Bank") and PHR STPFL, LLC, a Delaware limited liability company with an address in c/o The Procaccianti Group, LLC 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (the "Borrower").
GUARANTY OF RECOURSE CARVE-OUTSProcaccianti Hotel Reit, Inc. • May 1st, 2024 • Real estate investment trusts
THIS GUARANTY OF RECOURSE CARVE-OUTS (the "Guaranty"), dated as of the 26th day of April, 2024 (the “Effective Date”) is made by PROCACCIANTI HOTEL REIT, INC. a Maryland corporation with a usual place of business at c/o The Procaccianti Group, LLC 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (the "Guarantor") in favor of LIBERTY BANK, a mutual bank organized and existing under the laws of the State of Connecticut, having its principal place of business at 245 Long Hill Road, Middletown, Connecticut 06457 (the "Lender").
AMENDED AND RESTATED COMMERCIAL NOTEProcaccianti Hotel Reit, Inc. • May 1st, 2024 • Real estate investment trusts
This Amended and Restated Commercial Note is made as of the 26th day of April, 2024 by PHR STPFL, LLC, a Delaware limited liability company with an address in c/o The Procaccianti Group, LLC 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (hereinafter referred to as the “Borrower”), in favor of LIBERTY BANK, a mutual bank organized and existing under the laws of the State of Connecticut, having its principal place of business at 245 Long Hill Road, Middletown, Connecticut 06457 (hereinafter referred to as the "Bank").
