Multifamily Note Sample Contracts

MULTIFAMILY NOTE MULTISTATE – FIXED RATE (REVISION DATE 2-15-2008)
Multifamily Note • March 17th, 2010 • Shelter Properties Ii LTD Partnership • Real estate

FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower") jointly and severally (if more than one) promises to pay to the order of WELLS FARGO BANK, NATIONAL ASSOCIATION, a national banking association, the principal sum of Five Million One Hundred Twenty-One Thousand and 00/100 Dollars (US $5,121,000.00), with interest on the unpaid principal balance, as hereinafter provided.

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MULTIFAMILY NOTE MULTISTATE – FIXED TO FLOAT (REVISION DATE 2-15-2008)
Multifamily Note • March 15th, 2010 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower"), jointly and severally (if more than one) promises to pay to the order of KEYCORP REAL ESTATE CAPITAL MARKETS, INC., an Ohio corporation, the principal sum of Three Million Seven Hundred Thirty-One Thousand and No/100 Dollars (US $3,731,000.00), with interest on the unpaid principal balance, as hereinafter provided.

MULTIFAMILY NOTE MULTISTATE – FIXED RATE (REVISION DATE 2-15-2008)
Multifamily Note • March 17th, 2010 • Shelter Properties Ii LTD Partnership • Real estate

THIS AMENDED AND RESTATED MULTIFAMILY NOTE (“Amended and Restated Note”) is made effective as of the 11th day of March, 2010, by SHELTER PROPERTIES II LIMITED PARTNERSHIP,a South Carolina limited partnership ("Borrower")and the FEDERAL HOME LOAN MORTGAGE CORPORATION (“Lender”).

MULTIFAMILY NOTE MULTISTATE – ADJUSTABLE RATE (REVISION DATE 08-10-2009)
Multifamily Note • January 21st, 2011 • KBS Legacy Partners Apartment REIT, Inc. • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned (together with such party’s or parties’ successors and assigns, “Borrower”), jointly and severally (if more than one) promises to pay to the order of CBRE CAPITAL MARKETS, INC., a Texas corporation, the principal sum of TWENTY THREE MILLION FOUR HUNDRED SEVENTY FIVE THOUSAND and 00/100 DOLLARS (US $23,475,000.00), with interest on the unpaid principal balance, as hereinafter provided.

MULTIFAMILY NOTE (MULTISTATE)
Multifamily Note • November 12th, 1998 • Fox Strategic Housing Income Partners • Real estate
MULTIFAMILY NOTE
Multifamily Note • May 5th, 2020

FOR VALUE RECEIVED, the undersigned (“Borrower”) promises to pay to the order of the CITY OF SAN JOSE, a municipal corporation and charter city of the State of California (“Governmental Lender”), the maximum principal sum of [ Dollars and No/100] ($[ ]), with interest on the unpaid principal balance from time to time outstanding at the annual rate as set forth on Schedule A.

MULTIFAMILY NOTE
Multifamily Note • November 12th, 1998 • Century Properties Fund Xvii • Real estate
MULTIFAMILY NOTE MULTISTATE – FIXED RATE (REVISION DATE 6-1-2010)
Multifamily Note • May 6th, 2011 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower") jointly and severally (if more than one) promises to pay to the order of OAK GROVE COMMERCIAL MORTGAGE, LLC, a Delaware limited liability company, the principal sum of Eleven Million Six Hundred Fifty Thousand and No/100 Dollars ($11,650,000.00), with interest on the unpaid principal balance, as hereinafter provided.

MULTIFAMILY NOTE
Multifamily Note • September 17th, 2020

FOR VALUE RECEIVED, the undersigned, the party or parties having one hundred percent (100%) of the beneficial interest and one hundred percent (100%) of the power of direction in, to and under the trust agreement referred to in this paragraph of this Note (the "Co-Maker") and _______________________, not personally or individually, but solely as Trustee under the provisions of that certain Trust Agreement dated ________ ____, ____ and known as Trust No. _________ (the "Land Trustee") (the Co-Maker and the Land Trustee may be referred to collectively as the "Borrower") jointly and severally promise to pay to the order of _______________________________________________________________________, a ________________________________________________________, the principal sum of ____________________________________________________________ __________________________ Dollars (US $____________________), with interest on the unpaid principal balance at the annual rate of __________________ percent

MULTIFAMILY NOTE
Multifamily Note • March 31st, 1997 • Apartment Investment & Management Co • Real estate investment trusts • Texas
MULTIFAMILY NOTE (MULTISTATE – REVISION DATE 11-01-2000)
Multifamily Note • December 6th, 2007 • Maxus Realty Trust Inc. • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned ("Borrower") jointly and severally (if more than one) promises to pay to the order of NORTHLAND / MARQUETTE CAPITAL GROUP, INC., a Minnesota corporation, the principal sum of Five Million Two Hundred Fifty Thousand and no/100 Dollars (US $5,250,000.00) with interest on the unpaid principal balance at the annual rate of seven and twenty-two one hundredths percent (7.22%).

RIDER TO MULTIFAMILY NOTE ALUMINUM WIRING AND/OR GALVANIZED STEEL PIPING/POLYBUTYLENE PIPING (Revised 2-25-2019)
Multifamily Note • October 15th, 2020

[SELECT THIS FIRST ALTERNATIVE IF THE LOAN AGREEMENT RIDER FOR ALUMINUM WIRING ONLY IS REQUIRED AND DELETE ALL OTHER ALTERNATIVES]

FLORIDA AMENDED AND RESTATED MULTIFAMILY NOTE (Revised 7-17-2014)
Multifamily Note • November 3rd, 2017 • Bluerock Residential Growth REIT, Inc. • Real estate investment trusts

THIS FLORIDA AMENDED AND RESTATED MULTIFAMILY NOTE (“Note”) is made and entered into as of the 30th day of October, 2017, from BR HUNTERS CREEK, LLC, a Delaware limited liability company (“Borrower”) to WALKER & DUNLOP, LLC, a Delaware limited liability company (“Lender”).

AMENDED AND RESTATED MULTIFAMILY NOTE
Multifamily Note • November 9th, 2007 • Emeritus Corp\wa\ • Services-nursing & personal care facilities

THIS AMENDED AND RESTATED MULTIFAMILY NOTE is made and entered into as of the 31st day of August, 2007, by and between MERIWEG-SYRACUSE, LLC, a Delaware limited liability company (“Borrower”) and RED MORTGAGE CAPITAL, INC., an Ohio corporation (“Lender”).

FIXED+1 MULTIFAMILY NOTE
Multifamily Note • April 4th, 2008 • Grubb & Ellis Apartment REIT, Inc. • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned (“Borrower”) jointly and severally (if more than one) promises to pay to the order of PNC ARCS LLC, a Delaware limited liability company the principal sum of Seventeen Million Six Hundred Fifty One Thousand and No/100 Dollars (US $17,651,000.00), with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.

MULTIFAMILY NOTE
Multifamily Note • July 28th, 2020

FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower") jointly and severally (if more than one) promises to pay to the order of ____________________, a _____________________, the principal sum of ______________________________ Dollars (US $_________________), with interest on the unpaid principal balance, as hereinafter provided.

ADJUSTABLE RATE MULTIFAMILY NOTE MODIFICATION AGREEMENT
Multifamily Note • September 17th, 2020

THIS ADJUSTABLE RATE MULTIFAMILY NOTE MODIFICATION AGREEMENT (the "Agreement") is made and entered into as of the ________ day of ___________________________________, ________, by and between __________________________________________________, a ________________________, hereinafter called "Borrower"), and FANNIE MAE, a corporation organized and existing under the laws of the United States (hereinafter called "Fannie Mae" or "Lender").

MULTIFAMILY NOTE
Multifamily Note • May 5th, 2020

FOR VALUE RECEIVED, the undersigned (“Borrower”) promises to pay to the order of the CITY OF SAN JOSE, a municipal corporation and charter city of the State of California (“Governmental Lender”), the maximum principal sum of [ Dollars and No/100] ($[ ]), with interest on the unpaid principal balance from time to time outstanding at the annual rate as set forth on Schedule A.

MULTIFAMILY NOTE
Multifamily Note • September 17th, 2020

FOR VALUE RECEIVED, the undersigned, the party or parties having one hundred percent (100%) of the beneficial interest and one hundred percent (100%) of the power of direction in, to and under the trust agreement referred to in this paragraph of this Note (the "Co-Maker") and _______________________, not personally or individually, but solely as Trustee under the provisions of that certain Trust Agreement dated ________ ____, ____ and known as Trust No. _________ (the "Land Trustee") (the Co-Maker and the Land Trustee may be referred to collectively as the "Borrower") jointly and severally promise to pay to the order of _____________________________________________________________________________, _____________________________________ ________________________________, a _________________________________________, the principal sum of ____________________________________________________________ __________________________ Dollars (US $____________________), with interest on the unpaid pri

MULTIFAMILY NOTE MULTISTATE – ADJUSTABLE RATE (REVISION DATE 3-30-2006)
Multifamily Note • November 9th, 2007 • Archstone Smith Operating Trust • Real estate investment trusts

FOR VALUE RECEIVED, the undersigned (together with such party’s or parties’ successors and assigns, “Borrower”), jointly and severally (if more than one) promises to pay to the order of LEHMAN BROTHERS HOLDINGS INC., a Delaware corporation, having an address at 399 Park Avenue, New York, New York 10022 (“Lehman”), BANK OF AMERICA, N.A., a national banking association, having an address at Bank of America Corporate Center, 214 North Tryon Street, Charlotte, North Carolina 28255 (“BofA”) and BARCLAYS CAPITAL REAL ESTATE INC., a Delaware corporation, having an address at 200 Park Avenue, New York, New York 10166 (“Barclays”; together with Lehman and BofA, individually and collectively, as the context may require, “Lender”) the principal sum of ONE HUNDRED FIFTY-TWO MILLION NINE HUNDRED TWENTY-SIX THOUSAND AND 00/100 DOLLARS ($152,926,000), with interest on the unpaid principal balance, as hereinafter provided.

MULTIFAMILY NOTE MULTISTATE – FIXED RATE (REVISION DATE 6-1-2010)
Multifamily Note • July 7th, 2010 • Angeles Income Properties LTD 6 • Real estate

THIS AMENDED AND RESTATED MULTIFAMILY NOTE (“Amended and Restated Note”) is made effective as of the 30th day of June, 2010, by LAZY HOLLOW PARTNERS, a California general partnership ("Borrower")and the FEDERAL HOME LOAN MORTGAGE CORPORATION (“Lender”).

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AMENDED AND RESTATED MULTIFAMILY NOTE
Multifamily Note • March 23rd, 2007 • American Community Properties Trust • Land subdividers & developers (no cemeteries)

THIS AMENDED AND RESTATED MULTIFAMILY NOTE is made and entered into as of the 1st day of November, 2006, by and between NEW FOREST APARTMENTS, LLC, a Maryland limited liability company ("Borrower") and WELLS FARGO BANK, N.A., a national banking association ("Lender").

FHLMC Loan No. 981217192 MULTIFAMILY NOTE (COLORADO) (Red Canyon Apartments at Palomino Park)
Multifamily Note • March 22nd, 2002 • Wellsford Real Properties Inc • Real estate investment trusts
MULTIFAMILY NOTE FLOATING RATE - VALUE-ADD TRANSACTION (Revised 10-1-2020)
Multifamily Note • June 9th, 2020

FOR VALUE RECEIVED, _________________________________________ (together with such party’s or parties’ successors and assigns, “Borrower”) jointly and severally (if more than one), promises to pay to the order of ____________________, a _____________________, the principal sum of $___________________, with interest on the unpaid principal balance, as hereinafter provided.

MULTIFAMILY NOTE
Multifamily Note • November 9th, 2020

FOR VALUE RECEIVED, the undersigned (together with such party's or parties' successors and assigns, "Borrower"), jointly and severally (if more than one) promises to pay to the order of ____________________, a _____________________, the principal sum of ______________________________ Dollars (US $_________________), with interest on the unpaid principal balance, as hereinafter provided.

MULTIFAMILY NOTE
Multifamily Note • September 17th, 2020

FOR VALUE RECEIVED, the undersigned ("Borrower") jointly and severally (if more than one) promises to pay to the order of _____________________________________ __________________________________, a _______________________________________, the principal sum of ____________________________________________________________ _________________________ Dollars (US $____________________), with interest on the unpaid principal balance at the annual rate of __________________ percent (____%).

THIRD AMENDMENT TO MULTIFAMILY NOTE
Multifamily Note • November 14th, 2002 • American Retirement Villas Properties Iii LTD Partnership • Real estate

THIS THIRD AMENDMENT TO MULTIFAMILY NOTE (this “Amendment”) is made as of this 20th day of September, 2002 between RETIREMENT INNS III, LLC, a Delaware limited liability company (the “Borrower”), and RED MORTGAGE CAPITAL, INC., an Ohio corporation, formerly known as Provident Mortgage Capital, Inc., successor-in-interest to Banc One Capital Funding Corporation (the “Lender”).

MULTIFAMILY NOTE (MULTISTATE)
Multifamily Note • November 12th, 1998 • Century Properties Fund Xviii • Real estate
Exhibit 10.73 Loan No. 734079796 Post Ridge
Multifamily Note • March 27th, 1997 • Consolidated Capital Properties Iv • Real estate investment trusts

This AMENDED AND RESTATED MULTIFAMILY NOTE (together with all extensions, renewals, modification, substitutions and amendments thereof and all instruments from time to time issued in exchange therefor collectively referred to herein as the "Note") in the principal sum of FOUR MILLION FIFTY THOUSAND AND 00/100 DOLLARS ($4,050,000) in lawful money of the United States of America is made this 1st day of November, 1996, between the Maker, POST RIDGE ASSOCIATES, LTD., LIMITED PARTNERSHIP, a Tennessee limited partnership, whose address is c/o Insignia Financial Group, Inc., 1 Insignia Financial Plaza, Greenville, South Carolina 29602 (herein "Borrower"), and the Payee, LEHMAN BROTHERS HOLDING INC. d/b/a Lehman Capital, A Division of Lehman Brothers Holdings Inc. a corporation, organized and existing under the laws of Delaware, whose address is Three World Financial Center, New York, New York 10285 (herein "Lender"). WHEREAS, Borrower has executed and delivered that certain Multifamily Note d

MULTIFAMILY NOTE
Multifamily Note • April 6th, 2009 • Davidson Income Real Estate Lp • Real estate

FOR VALUE RECEIVED, the undersigned ("Borrower") jointly and severally (if more than one) promises to pay to the order of KeyCorp Real Estate Capital Markets, Inc., an Ohio corporation, the principal sum of One Million Five Hundred Thousand and No/100ths Dollars (US $1,500,000), with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.

MULTIFAMILY NOTE
Multifamily Note • December 3rd, 2009 • Davidson Income Real Estate Lp • Real estate

FOR VALUE RECEIVED, the undersigned ("Borrower") jointly and severally (if more than one) promises to pay to the order of KeyCorp Real Estate Capital Markets, Inc., an Ohio corporation, the principal sum of Five Million Eight Hundred Fifty Thousand and No/100ths Dollars (US $5,850,000.00), with interest accruing at the Interest Rate on the unpaid principal balance from the Disbursement Date until fully paid.

AMENDMENT TO MULTIFAMILY NOTE ASSUMPTION (CME AND PORTFOLIO) (Revised 5-25-2012)
Multifamily Note • July 7th, 2014 • CNL Healthcare Properties, Inc. • Real estate investment trusts

THIS AMENDMENT TO MULTIFAMILY NOTE (“Amendment”) is dated as of the 30th day of June, 2014 and is made by and between CHP WATERCREST AT MANSFIELD TX OWNER, LLC, a Delaware limited liability company (“Borrower”), and U.S. BANK NATIONAL ASSOCIATION, AS TRUSTEE FOR THE REGISTERED HOLDERS OF J.P. MORGAN CHASE COMMERCIAL MORTGAGE SECURITIES CORP., MULTIFAMILY MORTGAGE PASS-THROUGH CERTIFICATES, SERIES 2014-K36 (together with its successors and assigns, “Lender”).

EXHIBIT 10.6 MULTIFAMILY NOTE (MULTISTATE)
Multifamily Note • March 30th, 1999 • Fox Strategic Housing Income Partners • Real estate
ADJUSTABLE RATE MULTIFAMILY NOTE MODIFICATION AGREEMENT
Multifamily Note • November 3rd, 2020

THIS ADJUSTABLE RATE MULTIFAMILY NOTE MODIFICATION AGREEMENT (the "Agreement") is made and entered into as of the ________ day of ___________________________________, ________, by and between __________________________________________________, a ________________________, hereinafter called "Borrower"), and FANNIE MAE, a corporation organized and existing under the laws of the United States (hereinafter called "Fannie Mae" or "Lender").

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