Real Estate Note definition

Real Estate Note means the promissory note dated as at the date of the REAL ESTATE CLOSING in the face amount provided in Section 6.02 hereof issued by the BORROWER to the order of BANK and evidencing the obligation to repay the REAL ESTATE LOAN.

Real Estate Note means the promissory note payable to the order of the Bank evidencing the Real Estate Loan, together with all modifications, extensions, renewals and rearrangements thereof, delivered to the Bank prior to the Effective Date.

Real Estate Note means that certain Renewal Promissory Note dated the Closing Date to Lender from FAS in the original principal sum of Five Million Two Hundred Seventy Five Thousand Five Hundred and 00/Hundredths Dollars ($5,275,500.00) and all extensions, consolidations and renewals thereof.

Examples of Real Estate Note in a sentence

• In addition, on or before the date hereof, Borrower shall pay to Bank a fee in the amount of the lesser of (i) Bank’s Cost of Funds Breakage Costs for the existing indebtedness owing to Bank from the Real Estate Loan Borrower which is amended, restated and restructured pursuant to the Real Estate Note, or (ii) the contractual prepayment fee reflected in the loan documents evidencing such existing indebtedness owing to Bank from the Real Estate Loan Borrower.

• The Real Estate Note will bear interest at the rate of 9.5% per annum, be payable in 144 equal monthly installments and be secured by the Real Estate Properties.

• Both the Real Estate Note and the Club Note will have cross-default provisions.

• The Real Estate Note evidences a term loan by Lender to Debtors in the original principal amount of $4,935,000.00 (the “Real Estate Loan”).

• An example is the Cytonn Real Estate Note which provides returns of 16.0% to 20.0% depending on the tenor.On the other hand, the downsides to this kind of financing option includes;• Illiquidity: This mostly affects Real Estate backed up structured products.

More Definitions of Real Estate Note

Real Estate Note means the Borrower’s promissory note, payable to the order of the Lender in substantially the form of Exhibit D hereto and any note or notes issued in substitution therefor.

Real Estate Note means the Promissory Note dated as of the Closing Date by Borrowers payable to the order of Lender in the original amount of $7,686,000.00.

Real Estate Note means the Amended and Restated Real Estate Note of the Borrower payable to the order of the Lender in substantially the form attached hereto as Exhibit A-3.

Real Estate Note means the promissory note dated as at the date of the REAL ESTATE CLOSING in the face amount provided in Section 6.02

Real Estate Note. A" (the "Nationwide Note") of even date herewith in favor of Nationwide in the principal amount of $5,670,000, and (b) that certain Real Estate Note "B" (the "West Coast Note") of even date herewith in favor of West Coast in the principal amount of $750,000 (the Nationwide Note and the West Coast Note being collectively referred to hereafter as the "Note" (the "Note") secured by, among other things, that certain deed to secure debt and security agreement (the "Security Instrument") from Borrower to Lender, dated of even date herewith and to be recorded in the Gwinnett County, Georgia records (the Note, the Security Instrument, and any and all other documents or instruments evidencing, securing or otherwise relating to the indebtedness evidenced by the Note are hereinafter collectively referred to as the "Loan Documents"). Since Guarantor is the sole general partner of Borrower, the Loan will be of direct interest and advantage to Guarantor; and a condition to the making of the Loan is the delivery of this Guaranty to Lender.

Real Estate Note. Except as set forth in Sections 2.8(e) and 2.8(g) hereof, the outstanding principal balances of the Real Estate Note shall bear interest at the Term Floating Rate.

Real Estate Note. Section 2.01(a).