MULTIFAMILY LOAN AND SECURITY AGREEMENTMultifamily Loan and Security Agreement • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts • Virginia
Borrower: SIR OAK CROSSING, LLC, a Delaware limited liability company Lender: PNC BANK, NATIONAL ASSOCIATION, a national banking association Date: As of July 29, 2016 Loan Amount: Up to $350,000,000.00 pursuant to the terms of the “Credit Agreement” (defined herein). The amount of the Loan outstanding at any time will be set forth in the “Note” (defined herein). The allocated amount of the Loan advanced on the date of this Loan Agreement with respect to the Mortgaged Property is $17,980,000.00
ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEESAssignment of Management Agreement and Subordination of Management Fees • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts
THIS ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (“Assignment”) is made effective as of the 29th day of July, 2016, by and among SIR AUDUBON PARK, LLC, a Delaware limited liability company (“Borrower”), PNC BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation (“Property Manager”).
MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT ILLINOIS (Revised 10-24-2014) THIS INSTRUMENT IS NOT TO BE USED FOR MULTIFAMILY PROPERTIES CONTAINING 5 OR 6 RESIDENTIAL UNITS IF ANY RESIDENTIAL UNIT IS OWNER-OCCUPIEDMultifamily Mortgage, Assignment of Rents and Security Agreement • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts • Virginia
THIS MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (“Instrument”) is made to be effective as of the 29th day of July, 2016, between SIR DEER VALLEY, LLC, a limited liability company organized and existing under the laws of Delaware, whose address is c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, California 92612, Attention - General Counsel: Ana Marie del Rio, as mortgagor (“Borrower”), and PNC BANK, NATIONAL ASSOCIATION, a national banking association, whose address is 26901 Agoura Road, Suite 200, Calabasas Hills, California 91301, Attention: Loan Servicing Manager, as mortgagee (“Lender”). Borrower’s organizational identification number, if applicable, is 5318134.
MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS SECURITY AGREEMENT AND FIXTURE FILING INDIANA (Revised 5-1-2015)Multifamily Mortgage, Assignment of Rents, Security Agreement and Fixture Filing • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts • Virginia
THIS MULTIFAMILY MORTGAGE, ASSIGNMENT OF RENTS, SECURITY AGREEMENT AND FIXTURE FILING (“Instrument”) is made to be effective as of the 29th day of July, 2016, between SIR OAK CROSSING, LLC, a limited liability company organized and existing under the laws of Delaware, whose address is c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, California 92612, Attention - General Counsel: Ana Marie del Rio, as mortgagor (“Borrower”), and PNC BANK, NATIONAL ASSOCIATION, a national banking association, whose address is 26901 Agoura Road, Suite 200, Calabasas Hills, California 91301, Attention: Loan Servicing Manager, as mortgagee (“Lender”). Borrower’s organizational identification number, if applicable, is 5530307.
MULTIFAMILY DEED OF TRUST, ABSOLUTE ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (INCLUDING FIXTURE FILING) TENNESSEE (Revised 3-1-2014)Multifamily Deed of Trust, Absolute Assignment of Leases and Rents and Security Agreement • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts • Virginia
THIS MULTIFAMILY DEED OF TRUST, ABSOLUTE ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (INCLUDING FIXTURE FILING) (“Instrument”) is made as of this 29th day of July, 2016, by SIR AUDUBON PARK, LLC, a limited liability company organized and existing under the laws of Delaware, whose address is c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, California 92612, Attention - General Counsel: Ana Marie del Rio, as grantor (“Borrower”), to JOSEPH B. PITT, JR., as trustee, a resident of Davidson County, Tennessee, whose address is 6840 Carothers Parkway, Suite 200, Franklin, Tennessee 37067, (“Trustee”), for the benefit of PNC BANK, NATIONAL ASSOCIATION, a national banking association, whose address is 26901 Agoura Road, Suite 200, Calabasas Hills, California 91301, Attention: Loan Servicing Manager, as beneficiary (“Lender”).
GUARANTY MULTISTATE (Revised 9-4-2015)Guaranty • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts • Virginia
THIS GUARANTY (“Guaranty”) is entered into to be effective as of July 29, 2016, by STEADFAST INCOME REIT, INC., a Maryland corporation (“Guarantor”, collectively if more than one), for the benefit of PNC BANK, NATIONAL ASSOCIATION, a national banking association (“Lender”).
CREDIT AGREEMENTCredit Agreement • August 3rd, 2016 • Steadfast Income REIT, Inc. • Real estate investment trusts • Virginia
THIS CREDIT AGREEMENT (“Agreement”) is dated as of July 29, 2016 and is made by and between SIR Ashley Oaks, LLC, a Delaware limited liability company, SIR Buda Ranch, LLC, a Delaware limited liability company, SIR Deer Valley, LLC, a Delaware limited liability company, SIR Carrington Park, LLC, a Delaware limited liability company, SIR Carrington Place, LLC, a Delaware limited liability company, SIR Carrington Champion, LLC, a Delaware limited liability company, SIR Audubon Park, LLC, a Delaware limited liability company, SIR Oak Crossing, LLC, a Delaware limited liability company, SIR Steiner Ranch Apartments, LLC, a Delaware limited liability company, each having an address of c/o Steadfast Companies, 18100 Von Karman Avenue, Suite 500, Irvine, CA 92612 (individually and collectively the “Borrower”) and PNC Bank, National Association, a national banking association, having an address of 26901 Agoura Road, Suite 200, Calabasas Hills, CA 91301 (together, with its successors and/or ass
