0001144204-15-020172 Sample Contracts

LOAN AGREEMENT
Loan Agreement • March 31st, 2015 • United Development Funding Income Fund V • Real estate investment trusts • Texas

This Loan Agreement (this “Agreement”) is made and entered into effective as of this the 5th day of December, 2014 (the “Effective Date”) by and among UNITED DEVELOPMENT FUNDING INCOME FUND V, a Maryland real estate investment trust (together with its successors and assigns, “Lender”), ROSEHILL RESERVE, LTD., a Texas limited partnership (“Borrower”), HARRIGAN DEVELOPMENT PARTNERS, LLC, a Texas limited liability company, (“General Partner”) and THOMAS LLOYD HARGROVE, JR., a natural person residing in Harris County, Texas (“Hargrove”).

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LOAN AGREEMENT
Loan Agreement • March 31st, 2015 • United Development Funding Income Fund V • Real estate investment trusts • Texas

THIS LOAN AGREEMENT (“Agreement”) is made and entered into as of November 14, 2014, by and between VERITEX COMMUNITY BANK (and its successors and assigns “Bank”) and UNITED DEVELOPMENT FUNDING INCOME FUND V, a Maryland real estate investment trust (“Borrower”).

LOAN AGREEMENT
Loan Agreement • March 31st, 2015 • United Development Funding Income Fund V • Real estate investment trusts • Texas

This Loan Agreement (this “Agreement”) is made and entered into effective as of this the 1st day of December, 2014 (the “Effective Date”) by and among UNITED DEVELOPMENT FUNDING INCOME FUND V, a real estate investment trust organized under the laws of the State of Maryland (together with its successors and assigns, “Lender”), CTMGT FRISCO 113, LLC, a Texas limited liability company (“Borrower”), CENTAMTAR TERRAS, L.L.C., a Texas limited liability company (“Centamtar Terras”), CTMGT, LLC, a Texas limited liability company (“CTMGT”), and MEHRDAD MOAYEDI, a natural person residing in Dallas County, Texas (“Moayedi”).

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