Fixed Rate Multifamily Note Sample Contracts
FIXED+1 MULTIFAMILY NOTEFixed Rate Multifamily Note • August 7th, 2007 • NNN Apartment REIT, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned (“Borrower”) jointly and severally (if more than one) promises to pay to the order of PNC ARCS LLC, a Delaware limited liability company, the principal sum of Ten Million Two Hundred Ninety Five Thousand and No/100 Dollars (US $10,295,000.00), with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.
FIXED+1 MULTIFAMILY NOTEFixed Rate Multifamily Note • April 4th, 2008 • Grubb & Ellis Apartment REIT, Inc. • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned (“Borrower”) jointly and severally (if more than one) promises to pay to the order of PNC ARCS LLC, a Delaware limited liability company the principal sum of Seventeen Million Six Hundred Fifty One Thousand and No/100 Dollars (US $17,651,000.00), with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.