MEZZANINE LOAN AGREEMENT DATED AS OF JUNE 30, 2011 among OXFORD HAMPTON PARTNERS LLC and TRAIL CREEK MEZZANINE LENDING, LLCMezzanine Loan Agreement • July 7th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts • Georgia
PURCHASE OPTION AGREEMENTPurchase Option Agreement • July 7th, 2011 • Preferred Apartment Communities Inc • Real estate investment trusts
THIS PURCHASE OPTION AGREEMENT (“Agreement”) is made and entered into as of this 30th day of June, 2011, by and between OXFORD HAMPTON PARTNERS, LLC, a Georgia limited liability company (“Seller”), and TRAIL CREEK MEZZANINE LENDING, LLC, a Delaware limited liability company and its successors and assigns (collectively “Purchaser”).
NOTEPreferred Apartment Communities Inc • July 7th, 2011 • Real estate investment trusts
FOR VALUE RECEIVED, the undersigned, OXFORD HAMPTON PARTNERS LLC, a Georgia limited liability company, hereby promises to pay to the order of TRAIL CREEK MEZZANINE LENDING, LLC, a Delaware limited liability company (“Lender”), in accordance with the terms of that certain Mezzanine Loan Agreement dated as of June 30, 2011, as from time to time in effect, among the undersigned and Lender (the “Loan Agreement”) to the extent not sooner paid, on or before the Maturity Date, the principal sum of SIX MILLION AND NO/100 DOLLARS ($6,000,000.00), or such amount as may be advanced by the payee hereof under the Loan Agreement, together with such additional principal from time to time outstanding under the Loan Agreement, with daily interest from the date hereof, computed as provided in the Loan Agreement, on the principal amount hereof from time to time unpaid, at a rate per annum on each portion of the principal amount which shall at all times be equal to the rate of interest applicable to such
