INTERCREDITOR AGREEMENTIntercreditor Agreement • September 28th, 2021 • GK Investment Holdings, LLC • Real estate
THIS INTERCREDITOR AGREEMENT (this “Agreement”) dated as of the 30th day of July, 2021, is made by and among GK INVESTMENT HOLDINGS, LLC, a Delaware limited liability company (“Lender 1”), GK INVESTMENT PROPERTY HOLDINGS II, LLC, a Delaware limited liability company (“Lender 2”), and GK SECURED INCOME V, LLC, a Delaware limited liability company (“Lender 3”), (Lender 1, Lender 2, and Lender 3 are each a “Lender” and collectively, the “Lenders”).
PROMISSORY NOTEPromissory Note • September 28th, 2021 • GK Investment Holdings, LLC • Real estate
FOR VALUE RECEIVED, GK PREFERRED INCOME II (RIDGMAR) SPE, LLC, a Delaware limited liability company (“GK Borrower”) and 1551 KINGSBURY PARTNERS SPE, LLC, a Delaware limited liability company (“Kingsbury Borrower”; and together with GK Borrower, individually or collectively, as the context requires, “Borrower”), jointly and severally, hereby promise to pay to the order of GK INVESTMENT HOLDINGS, LLC, a Delaware limited liability company (“Lender”) the principal sum of THREE MILLION SEVEN HUNDRED THOUSAND AND 00/100 DOLLARS ($3,700,000.00), with interest thereon, according to the terms of this Promissory Note (this “Note”).
GK PREFERRED INCOME II (RIDGMAR) SPE, LLC and (collectively, “Trustor”) to REBECCA S. CONRAD (“Trustee”) for the Benefit of GK INVESTMENT HOLDINGS, LLC (“Beneficiary”) DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS AND SECURITYAGREEMENTDeed of Trust, Assignment of Leases and Rents and Security Agreement • September 28th, 2021 • GK Investment Holdings, LLC • Real estate • Illinois
THIS DEED OF TRUST, ASSIGNMENT OF LEASES AND RENTS AND SECURITY AGREEMENT (this “Deed of Trust”), made as of August 16, 2021, by GK PREFERRED INCOME II (RIDGMAR) SPE, LLC, a Delaware limited liability company (“GK Trustor”) and 1551 KINGSBURY PARTNERS SPE, LLC, a Delaware limited liability company (“Kingsbury Trustor”, together with GK Trustor, individually or collectively, as the context requires, the “Trustor”), each having an office at c/o GK Real Estate, 257 East Main Street, Suite 200, Barrington, Illinois 60010, to REBECCA S. CONRAD, having an address at 2828 Routh Street, Suite 800, Dallas, Texas (“Texas”), as Trustee, for the benefit of GK INVESTMENT HOLDINGS, LLC, a Delaware limited liability company (together with its successors and assigns, hereinafter referred to as “Beneficiary”), having an address c/o GK Real Estate, 257 East Main Street, Suite 200, Barrington, Illinois 60010.
