SEC Contract Filing

Filing Date: 2015-04-01

Document Content:
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<TYPE>EX-10.7
<SEQUENCE>8
<FILENAME>v406246_ex10-7.htm
<DESCRIPTION>EXHIBIT 10.7
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<P STYLE="margin: 0">&nbsp;</P>

<P STYLE="margin: 0; text-align: right"><B>Exhibit 10.7</B></P>

<P STYLE="margin: 0">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>MULTIFAMILY LOAN AND SECURITY AGREEMENT</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>(NON-RECOURSE)</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BY AND BETWEEN</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BR FOX HILLS TIC-1, LLC</B>, a Delaware
limited liability company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">AND</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>BR FOX HILLS TIC-2, LLC</B>, a Delaware
limited liability company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">&nbsp;</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">As tenants in common</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>AND</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>WALKER &amp; DUNLOP, LLC</B>, a Delaware
limited liability company</P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>DATED AS OF</B></P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center">March 26, 2015</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left"><IMG SRC="tex10-7_logo.jpg" ALT=""></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: left">&nbsp;</P>

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<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>TABLE OF CONTENTS</B></P>

<P STYLE="font: 10pt Times New Roman, Times, Serif; margin: 0pt 0; text-align: center"><B>&nbsp;</B></P>

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 <td colspan="3" style="text-align: left"><font style="font-size: 10pt; text-transform: uppercase"><b>ARTICLE 1 - DEFINITIONS; SUMMARY OF MORTGAGE LOAN TERMS</b></font></td>
 <TD STYLE="text-align: right"><font style="font: 10pt Times New Roman, Times, Serif; text-transform: uppercase"><b>1</b></font></td></tr>
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 <TD COLSPAN="2" STYLE="padding-left: 9pt; text-align: left"><FONT STYLE="font: small-caps 10pt Times New Roman, Times, Serif">Section 1.01</FONT></td>
 <TD STYLE="text-align: left"><font style="font: small-caps 10pt Times New Roman, Times, Serif">Defined Terms.</font></td>
 <TD STYLE="text-align: right"><font style="font: small-caps 10pt Times New Roman, Times, Serif">1</font></td></tr>
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 <TD COLSPAN="2" STYLE="padding-left: 9pt; text-align: left"><FONT STYLE="font: small-caps 10pt Times New Roman, Times, Serif">Section 1.02</FONT></td>
 <TD STYLE="text-align: left"><font style="font: small-caps 10pt Times New Roman, Times, Serif">Schedules, Exhibits, and Attachments Incorporated.</font></td>
 <TD STYLE="text-align: right"><font style="font: small-caps 10pt Times New Roman, Times, Serif">1</font></td></tr>
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 <TD STYLE="text-align: left">&nbsp;</td>
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