COMMERCIAL LOAN AGREEMENT Dated as of March 26, 2021 Between a District of Columbia limited liability company, as Borrower and RED OAK CAPITAL FUND V, LLC a Delaware limited liability company as Lender Loan No. ______________Commercial Loan Agreement • April 2nd, 2021 • Red Oak Capital Fund V, LLC • Real estate • Michigan
THIS COMMERCIAL LOAN AGREEMENT is made as of March 26, 2021 (this “Agreement”), between RED OAK CAPITAL FUND V, LLC, a Delaware limited liability company, having an address at 625 Kenmoor Ave SE, Suite 200, Grand Rapids, Michigan 49546 (“Lender”) and 4559 BENNING RD SE LLC, a District of Columbia limited liability company, having its principal place of business at 4559 Benning Road SE, #103, Washington, DC 20019 (“Borrower”).
WARRANT FOR MEMBERSHIP INTERESTWarrant Agreement • April 2nd, 2021 • Red Oak Capital Fund V, LLC • Real estate • Michigan
This Warrant (this “Warrant) is issued in connection with that certain Commercial Loan Agreement dated as of March 26, 2021 (the “Loan Agreement”) by and among 4559 BENNING RD SE LLC, a District of Columbia limited liability company (the “Company”), and RED OAK CAPITAL FUND V, LLC, a Delaware limited liability company (the “Holder”), and the Holder is entitled to the benefit thereof. Capitalized terms used herein without definition shall have the respective meanings ascribed to them in the Loan Agreement. The following is a statement of the rights of the Holder under this Warrant and the conditions to which this Warrant is subject, to which the Holder, by acceptance of this Warrant, agrees:
