MULTIFAMILY LOAN AND SECURITY AGREEMENT (Revised 5-5-2017)Multifamily Loan and Security Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts
Borrower: STAR III BELMAR, LLC, a Delaware limited liability company Lender: BERKELEY POINT CAPITAL LLC, a Delaware limited liability company Date: as of July 21, 2017 Loan Amount: $47,112,000.00
PROPERTY MANAGEMENT AGREEMENTProperty Management Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts
THIS PROPERTY MANAGEMENT AGREEMENT (this “Agreement”) is entered into as of July 21, 2017 (the “Effective Date”), by and between STAR III BELMAR, LLC, a Delaware limited liability company (“Owner”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation (“Manager”).
ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEESAssignment of Management Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts
THIS ASSIGNMENT OF MANAGEMENT AGREEMENT AND SUBORDINATION OF MANAGEMENT FEES (“Assignment”) is made effective as of the 21st day of July, 2017, by and among STAR III BELMAR, LLC, a Delaware limited liability company (“Borrower”), BERKELEY POINT CAPITAL LLC, a Delaware limited liability company (“Lender”), and STEADFAST MANAGEMENT COMPANY, INC., a California corporation (“Property Manager”).
CONSTRUCTION MANAGEMENT SERVICES AGREEMENTConstruction Management Services Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts
THIS CONSTRUCTION MANAGEMENT SERVICES AGREEMENT (this “Agreement”) is entered into as of July 21, 2017 by and between STAR III Belmar, LLC, a Delaware limited liability company (the “Company”), and PACIFIC COAST LAND & CONSTRUCTION, INC., a California corporation (the “Construction Manager”).
MULTIFAMILY NOTE FIXED RATE DEFEASANCESteadfast Apartment REIT III, Inc. • July 26th, 2017 • Real estate investment trusts
FOR VALUE RECEIVED, STAR III BELMAR, 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 BERKELEY POINT CAPITAL LLC, a Delaware limited liability company, the principal sum of $47,112,000.00, with interest on the unpaid principal balance, as hereinafter provided.
MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT COLORADO (Revised 3-1-2014)And Security Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts
THIS MULTIFAMILY DEED OF TRUST, ASSIGNMENT OF RENTS AND SECURITY AGREEMENT (“Instrument”) is made to be effective this 21st day of July, 2017, by STAR III BELMAR, 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, as trustor (“Borrower”), to the Public Trustee of Jefferson County, as trustee (“Trustee”), for the benefit of BERKELEY POINT CAPITAL LLC, a limited liability company organized and existing under the laws of Delaware, whose address is 7700 Wisconsin Avenue, Suite 1100, Bethesda, Maryland 20814, as beneficiary (“Lender”). Borrower’s organizational identification number, if applicable, is 6458772.
FIRST AMENDMENT TO PURCHASE FOR BELMAR VILLASPurchase and Sale Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts • Colorado
This FIRST AMENDMENT TO PURCHASE AND SALE AGREEMENT FOR BELMAR VILLAS (this “Amendment”) is made and entered into as of June 2, 2017, by and between Seagate Belmar Associates, LLC, a Colorado limited liability company (“Seller”), and Steadfast Asset Holdings, Inc., California corporation (“Purchaser”).
SECOND AMENDMENT TO PURCHASE FOR BELMAR VILLASPurchase for Belmar • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts • Colorado
This SECOND AMENDMENT TO PURCHASE AND SALE AGREEMENT FOR BELMAR VILLAS (this “Amendment”) is made and entered into as of June 9, 2017, by and between Seagate Belmar Associates, LLC, a Colorado limited liability company (“Seller”), and Steadfast Asset Holdings, Inc., California corporation (“Purchaser”).
GUARANTY MULTISTATE (Revised 5-5-2017)Steadfast Apartment REIT III, Inc. • July 26th, 2017 • Real estate investment trusts
THIS GUARANTY (“Guaranty”) is entered into to be effective as of July 21, 2017, by STEADFAST APARTMENT REIT III, INC., a Maryland corporation (“Guarantor”, collectively if more than one), for the benefit of BERKELEY POINT CAPITAL LLC, a Delaware limited liability company (“Lender”).
ASSIGNMENT AND ASSUMPTION OF PURCHASE AGREEMENTAssignment and Assumption of Purchase Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts
For good and valuable consideration, the receipt and sufficiency of which are hereby acknowledged, STEADFAST ASSET HOLDINGS, INC., a California corporation (“Assignor”), hereby assigns to STAR III BELMAR, LLC, a Delaware limited liability company (“Assignee”), all of Assignor’s rights and obligations under and in regard to that certain Purchase and Sale Agreement dated May 22, 2017, (as may have been amended or may hereafter be amended, the “Purchase Agreement”), between Seagate Belmar Associates, LLC, a Colorado limited liability company (“Seller”) and Assignor for the purchase and sale of that certain real property located in Lakewood, Colorado, as more particularly described in Exhibit A attached hereto (the “Property”).
THIRD AMENDMENT TO PURCHASE FOR BELMAR VILLASPurchase for Belmar • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts • Colorado
This THIRD AMENDMENT TO PURCHASE AND SALE AGREEMENT FOR BELMAR VILLAS (this “Amendment”) is made and entered into as of June 16, 2017, by and between Seagate Belmar Associates, LLC, a Colorado limited liability company (“Seller”), and Steadfast Asset Holdings, Inc., California corporation (“Purchaser”).
PURCHASE AND SALE AGREEMENT FOR BELMAR VILLASEscrow Agreement • July 26th, 2017 • Steadfast Apartment REIT III, Inc. • Real estate investment trusts • Colorado
THIS PURCHASE AND SALE AGREEMENT FOR BELMAR VILLAS (“Agreement”), dated May 22, 2017, is by and between Seagate Belmar Associates, LLC, a Colorado limited liability company (“Seller”), whose address is c/o Seagate Colorado Partners, LLC, ATTN: Trent Isgrig, 370 17th Street, Suite 4950, Denver, CO 80202, and Steadfast Asset Holdings, Inc., California corporation (“Purchaser”), whose address is 18100 Von Karman, Suite 500, Irvine, CA 92612, ATTN: Ana Marie del Rio.
