MULTIFAMILY LOAN AND SECURITY AGREEMENT (Revised 5-5-2017)Multifamily Loan and Security Agreement • September 28th, 2017 • Resource Apartment REIT III, Inc. • Real estate investment trusts
THIS MULTIFAMILY LOAN AND SECURITY AGREEMENT (“Loan Agreement”) is dated as of the 31st day of July, 2017 and is made by and between RRE BAY CLUB HOLDINGS, LLC, a Delaware limited liability company (“Borrower”), and CBRE CAPITAL MARKETS, INC., a Texas corporation (together with its successors and assigns, “Lender”).
MULTIFAMILY NOTE FLOATING RATE (Revised 5-5-2017)Resource Apartment REIT III, Inc. • September 28th, 2017 • Real estate investment trusts
FOR VALUE RECEIVED, RRE BAY CLUB HOLDINGS, LLC, a Delaware limited liability company (together with such party’s or parties’ successors and assigns, “Borrower”) jointly and severally (if more than one) promises to pay to the order of CBRE CAPITAL MARKETS, INC., a Texas corporation, the principal sum of $21,520,000.00, with interest on the unpaid principal balance, as hereinafter provided.
