LIMITED GUARANTYLimited Guaranty • June 10th, 2024 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts
This guaranty (“Guaranty”) is entered into as of the 6th day of June, 2024 and is given by PROCACCIANTI HOTEL REIT, INC., a Maryland corporation having an address of 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (“Guarantor”) pursuant to the terms and conditions of that certain Commercial Real Estate Mortgage Loan Agreement (the “Loan Agreement”) by and between PHR TCI, LLC, a Delaware limited liability company having an address of 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (the “Borrower”) and BERKSHIRE BANK, a Massachusetts banking corporation having an address of 60 State Street, 38th Floor, Boston, Massachusetts 02109 (the "Lender"). Capitalized terms used herein and not otherwise specifically defined shall have the same meaning herein as in the Loan Agreement.
COMMERCIAL REAL ESTATE MORTGAGE LOAN AGREEMENT between PHR TCI, LLC ("Borrower") and BERKSHIRE BANK ("Lender") $15,600,000.00 CREM Loan Traverse City, Michigan Dated: As of June 6, 2024 COMMERCIAL REAL ESTATE MORTGAGE LOAN AGREEMENTCommercial Real Estate Mortgage Loan Agreement • June 10th, 2024 • Procaccianti Hotel Reit, Inc. • Real estate investment trusts
This COMMERCIAL REAL ESTATE MORTGAGE LOAN AGREEMENT (this "Agreement") is made and entered into as of the 6th day of June, 2024, by and between PHR TCI, LLC, a Delaware limited liability company having an address of 1140 Reservoir Avenue, Cranston, Rhode Island 02920 (“Borrower”), and BERKSHIRE BANK, a Massachusetts banking corporation, having an address of 60 State Street, 38th Floor, Boston, Massachusetts 02109 ("Lender").
