FIRST LOAN MODIFICATION AGREEMENT (Rosehill Reserve – UDF V Loan #9002)Loan Modification Agreement • August 14th, 2015 • United Development Funding Income Fund V • Real estate investment trusts
THIS FIRST LOAN MODIFICATION AGREEMENT (this “Agreement”) is entered into to be effective as of the 5th day of December, 2014 (the “Effective Date”), by and among ROSEHILL RESERVE, LTD., a Texas limited partnership (“Borrower”), HARRIGAN DEVELOPMENT PARTNERS, LLC, a Texas limited liability company (“General Partner”), and THOMAS LLOYD HARGROVE, JR., a natural person residing in Harris County, Texas (“Hargrove”, and together with General Partner, the “Borrower-Related Parties”), and UNITED DEVELOPMENT FUNDING INCOME FUND V, a Maryland real estate investment trust (“Lender”).
LOAN MODIFICATION AGREEMENTLoan Modification Agreement • August 14th, 2015 • United Development Funding Income Fund V • Real estate investment trusts • Texas
THIS LOAN MODIFICATION AGREEMENT (this “Agreement”) is made and entered into effective as of the 22nd day of May, 2015 (the “Effective Date”), by and between UNITED DEVELOPMENT FUNDING INCOME FUND V, a Maryland real estate investment trust (“Borrower”) and VERITEX COMMUNITY BANK (the “Lender”).
