CONSTRUCTION LOAN AGREEMENTConstruction Loan Agreement • November 9th, 2015 • Shepherd's Finance, LLC • Short-term business credit institutions • Florida
THIS CONSTRUCTION LOAN AGREEMENT, the (“Agreement”) dated November 4, 2015, is made and executed between Eclipse Partners II, LLC ("Borrower") and Shepherd's Finance, LLC ("Lender") on the following terms and conditions. Borrower has applied to Lender for one or more loans for purposes of constructing the Improvements on the Real Property described below. Lender is willing to lend the loan amount to Borrower solely under the terms and conditions specified in this Agreement and in the Promissory Note, Mortgage and Security Agreement, and other related documents, the “Related Documents” for the loan dated November 4, 2015, to each of which Borrower agrees. Borrower understands and agrees that: (A) in granting, renewing, or extending any Loan, Lender is relying upon Borrower's representations, warranties, and agreements as set forth in this Agreement, and (B) all such Loans shall be and remain subject to the terms and conditions of this Agreement.
Parcel Identification Number: RECORDATION REQUESTED BY: Shepherd's Finance, LLC 12627 San Jose Blvd, Ste. 203 Jacksonville, FL 32223 WHEN RECORDED MAIL TO: SEND TAX NOTICES TO: Eclipse Partners II, LLCMortgage and Security Agreement • November 9th, 2015 • Shepherd's Finance, LLC • Short-term business credit institutions • Florida
