GROUNDFLOOR REAL ESTATE 1, LLC INVESTOR AGREEMENT Effective _____________, 2017Investor Agreement • April 14th, 2017 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
The following terms constitute a binding agreement (this “Agreement”) between you and Groundfloor Real Estate 1, LLC, a Georgia limited liability company (the “Company,” “GRE 1,” “we,” or “us”). This Agreement, including the Terms and Conditions of Investment attached as Appendix A (the “Terms and Conditions”), each as amended from time to time, will govern all of your purchases of any and all limited recourse obligations (“LROs”) from the Company.
FORM OF LOAN AGREEMENTLoan Agreement • April 14th, 2017 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
THIS LOAN AGREEMENT (“Loan Agreement”) is entered into as of the ____ day of _______________, 20__ by and between [NAME OF Borrower], a [INSERT STATE OF ORGANIZATION/RESIDENCY AND TYPE OF ENTITY/NATURAL PERSON] (“Borrower”), having the address set forth on the signature page hereof, and __________________, a Georgia __________ (“Lender”),1 having the address set forth on the signature page hereof. Borrower and Lender are sometimes referred to herein individually as a “party” and collectively as the “parties.”
PROMISSORY NOTEPromissory Note • April 14th, 2017 • Groundfloor Real Estate 1, LLC • Real estate • Georgia
FOR VALUE RECEIVED, _________________, a ___________________ (“Borrower”), promises to pay to the order of ____________________ a Georgia ____________,1 or to the order of any subsequent holder of this Promissory Note (“Lender”), at Lender’s offices located at _____________________ (or at such other place as Lender may designate in writing from time to time), the principal sum of ________________________________ and no/100 Dollars ($_____________) (the “Loan”), payable in lawful money of the United States, together with interest thereon from the date hereof as hereinafter provided, or so much as is advanced pursuant to the Loan Agreement between Lender and Borrower dated ___________ ___, 20__ (as amended from time the time, the “Loan Agreement”). Capitalized terms not otherwise defined herein shall have the meaning ascribed to such terms in the Loan Agreement.
