SEC Contract Filing

Filing Date: 2016-08-03

Document Content:
<DOCUMENT>
<TYPE>EX-10.22
<SEQUENCE>23
<FILENAME>ex1022oakcrossing_loanagmt.htm
<DESCRIPTION>EXHIBIT 10.22
<TEXT>
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<div><a name="sE4D22167CDF31CCE5E221350F8E18610"></a></div><div><div style="line-height:120%;text-align:right;font-size:10pt;"><font style="font-family:inherit;font-size:10pt;font-weight:bold;">EXHIBIT 10.22</font></div></div><div><br></div><div style="line-height:102%;text-align:right;padding-left:288px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Freddie Mac Loan No. 708654282</font></div><div style="line-height:102%;text-align:right;padding-left:288px;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Freddie Mac Facility Rollup Number: 504199536</font></div><div style="line-height:102%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Freddie Mac Deal Number: 160601</font></div><div style="line-height:102%;text-align:right;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Oak Crossing</font></div><div style="line-height:100%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">MULTIFAMILY LOAN AND SECURITY AGREEMENT</font></div><div style="line-height:100%;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;"><br></font></div><div style="line-height:100%;padding-bottom:8px;text-align:center;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">(Revised 9-4-2015)</font></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Roman;font-size:10pt;width:100%;border-collapse:collapse;text-align:left;"><tr><td colspan="2"></td></tr><tr><td style="width:21%;"></td><td style="width:79%;"></td></tr><tr><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Borrower:</font></div></td><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">SIR OAK CROSSING, LLC</font><font style="font-family:inherit;font-size:12pt;">, a Delaware limited liability company</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Lender:</font></div></td><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">PNC BANK, NATIONAL ASSOCIATION</font><font style="font-family:inherit;font-size:12pt;">, a national banking association</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Date:</font></div></td><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">As of July 29, 2016</font></div></td></tr><tr><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:1px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;font-weight:bold;">Loan Amount:</font></div></td><td style="vertical-align:middle;border-bottom:1px dotted #00000a;padding-left:2px;padding-top:2px;padding-bottom:2px;padding-right:2px;border-left:1px dotted #00000a;border-right:1px dotted #00000a;border-top:1px dotted #00000a;"><div style="text-align:left;font-size:12pt;"><font style="font-family:inherit;font-size:12pt;">Up to $350,000,000.00 pursuant to the terms of the &#8220;Credit Agreement&#8221; (defined herein). The amount of the Loan outstanding at any time will be set forth in the &#8220;Note&#8221; (defined herein). The allocated amount of the Loan advanced on the date of this Loan Agreement with respect to the Mortgaged Property is $17,980,000.00</font></div></td></tr></table></div></div><div style="line-height:120%;font-size:12pt;"><div style="padding-left:0px;text-indent:0px;line-height:normal;padding-top:10px;"><table cellpadding="0" cellspacing="0" style="font-family:Times New Rom