Loan AgreementLoan Agreement • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is made and entered into as of this 1st day of April, 2022, by and among GIPAZ 199 NORTH PANTANO ROAD, LLC, a Delaware limited liability company (“Tucson”), GIPCO 585 24 ½ ROAD, LLC, a Delaware limited liability company (“Grand Junction”), GIPFL 702 TILLMAN PLACE, LLC, a Delaware limited liability company (“Plant City”), GIPFL 10002 N DALE MABRY, LLC, a Delaware limited liability company (“Tampa”), GIPNC 201 ETHERIDGE ROAD, LLC, a Delaware limited liability company (“Manteo”), and GIPIL 3134 W 76TH STREET, LLC, a Delaware limited liability company (“Chicago”) (“Tucson,” “Grand Junction,” “Plant City,” “Tampa,” “Manteo,” together with “Chicago” hereinafter collectively, the “Borrower”), DAVID SOBELMAN, individually (“Guarantor”), and VALLEY NATIONAL BANK, a national banking association, its successors and assigns (“Lender”).
GUARANTY OF PAYMENTGuaranty of Payment • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
This GUARANTY OF PAYMENT (this “Guaranty”) is made and given on April 1, 2022 by DAVID SOBELMAN, individually and David Sobelman, as President of Generation Income Properties, Inc., a Maryland corporation, General Partner of Generation Income Properties, L.P., a Delaware limited partnership (“Guarantor”) to VALLEY NATIONAL BANK, a national banking association (the “Lender”).
Mortgage and Security AgreementMortgage and Security Agreement • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
THIS MORTGAGE AND SECURITY AGREEMENT (the “Mortgage”) is made effective as of April 1, 2022, by GIPIL 525 S PERRYVILLE RD, LLC, a Delaware limited liability company and SUNNY RIDGE MHP LLC, a Florida limited liability company (hereinafter collectively, the “Mortgagor(s)” or “Grantor”) and VALLEY NATIONAL BANK, a national banking association or its successors or assigns whose address is 4790 140th Avenue N., Clearwater, Florida 33762 (hereinafter called the “Mortgagee” or “Beneficiary”) (which term when used in every instance shall include the Mortgagee’s successors and assigns), and for the benefit of the applicable trustee where required and provided for in Exhibit “A” attached hereto;
ContractMortgage Agreement • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts
This Instrument Prepared by and Return to: T. Luke Markham, Esq. Johnson, Pope, Bokor, Ruppel & Burns, LLP 401 E. Jackson Street Suite 3100 Tampa, Florida 33602
Loan AgreementLoan Agreement • April 7th, 2022 • Generation Income Properties, Inc. • Real estate investment trusts • Florida
THIS LOAN AGREEMENT (the “Agreement”) is made and entered into as of this 1st day of April, 2022, by and among GIPIL 525 S Perryville Rd, LLC, a Delaware limited liability company and Sunny Ridge MHP LLC, a Florida limited liability company (hereinafter collectively, the “Borrower”), DAVID SOBELMAN, individually and as President of Generation Income Properties, Inc., a Maryland corporation, General Partner of GENERATION INCOME PROPERTIES, L.P., a Delaware limited partnership (“Guarantor”), and VALLEY NATIONAL BANK, a national banking association, its successors and assigns (“Lender”).
