SCHEDULE 2 TO MULTIFAMILY LOAN AND SECURITY AGREEMENT Summary of Loan Terms (Interest Rate Type - Fixed Rate) (Seniors Housing) I. GENERAL PARTY AND MULTIFAMILY PROJECT INFORMATION Borrower Lender Key Principal Guarantor Multifamily Project [DRAFTING NOTE: LIST ALL IF MORE THAN ONE] [INSERT MORTGAGED PROPERTY’S COMMONLY KNOWN NAME] Type of Property [DRAFTING NOTE: SELECT ALL APPLICABLE PROPERTY TYPE(S): INDEPENDENT LIVING, ASSISTED LIVING, ALZHEIMER’S/DEMENTIA CARE] Seniors Housing Facility Licensing Designation [DRAFTING NOTE: INSERT DESIGNATION PER PROPERTY JURISDICTION OR INSERT “NO SENIOR HOUSING FACILITY LICENSING REQUIRED”] HIPAA Covered Entity Borrower Yes No Operator Yes No Manager Yes No [Identify other Property Operator] Yes No
Guarantor’s General Business Address [DRAFTING NOTE: LIST ALL IF MORE THAN ONE] Guarantor’s Notice Address [DRAFTING NOTE: LIST ALL IF MORE THAN ONE; INCLUDE EMAIL ADDRESS] Lender’s General Business Address [DRAFTING NOTE: USE HEADQUARTERS ADDRESS] Lender’s Notice Address [DRAFTING NOTE: USE SERVICING ADDRESS; INCLUDE EMAIL ADDRESS] Lender’s Payment Address Manager’s General Business Address [DRAFTING NOTE: LIST ALL IF MORE THAN ONE] Manager’s Notice Address [DRAFTING NOTE: USE SERVICING ADDRESS; INCLUDE EMAIL ADDRESS] Operator’s General Business Address [DRAFTING NOTE: LIST ALL IF MORE THAN ONE] Operator’s Notice Address [DRAFTING NOTE: USE SERVICING ADDRESS; INCLUDE EMAIL ADDRESS] Sublessee’s General Business Address [DRAFTING NOTE: LIST ALL IF MORE THAN ONE] Sublessee’s Notice Address [DRAFTING NOTE: USE SERVICING ADDRESS; INCLUDE EMAIL ADDRESS] II. MULTIFAMILY PROJECT INFORMATION Property Square Footage Total Parking Spaces Total Residential Units [DRAFTING NOTE: BREAK DOWN UNITS PER USE (EX. IL, AL, ALZ, DEMENTIA CARE)]
Independent Living _____ units Assisted Living _____ units Alzheimer’s _____ units Dementia Care _____ units Affordable Housing Property Yes No [DRAFTING NOTE: ONLY INDICATE YES IF THE MORTGAGE LOAN IS UNDERWRITTEN PURSUANT TO IIIB, CHAPTER 7 OF THE MSS GUIDE.] III. MORTGAGE LOAN INFORMATION Amortization Period __________ months [Typically zero (0), three hundred (300) or three hundred sixty (360) months] Amortization Type [Select only one:] Amortizing Full Term Interest Only Partial Interest Only Effective Date _______________, 20___. First Payment Date The first day of _________________, 20___. [For example: If the Effective Date is June 1, 2015, then the First Payment Date will be July 1, 2015. If the Effective Date is any day in June, 2015 other than June 1, 2015, then the First Payment date will be August 1, 2015.] [First Principal and Interest Payment Date] [APPLICABLE ONLY FOR PARTIAL INTEREST ONLY AMORTIZATION TYPE] The first day of _________________, 20___. [Insert the calendar month and year immediately following the Last Interest-Only Payment Date. For example: If the Last Interest-Only Payment Date is June 1, 2015, then the First Principal and Interest Payment Date is July 1, 2015.]
Repair Threshold $_______________ Repairs Escrow Account Administrative Fee $_______________, payable [one time][monthly] Repairs Escrow Deposit $_______________ Replacement Reserve Account Administration Fee $_______________, payable [monthly][annually] Replacement Reserve Account Interest Disbursement Frequency [monthly][quarterly] Replacement Threshold $_______________ ____________________ Borrower Initials