Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / loan-term-sheet-review-memo.docx
loan-term-sheet-review-memo.docx
Parties
Harkness LLP
Pellegrino Capital Group LLC
PCG Delray Hotel LLC
Saltaire Hospitality Holdings LLC
Braddock Reeves LLP
Net Operating Inc
Beckett Valuation Services LLC
TTM Net Operating Inc
Dates
July 14, 2025
July 10, 2025
August 28, 2025
September 15, 2025
August 21, 2025
August 1, 2025
September 15, 2030
Amounts
$35,000,000.00
$680
$24,500,000.00
$10,500,000.00
$2,625,000.00
$7,875,000.00
$12,000
$3,120,000
$35,000,000
$163,814
Obligations
The testing frequency — whether quarterly, semi-annually, or annually — is not specified in the Term Sheet and must be clarified
15 business days) within which the Lender must respond to a request for approval of a management agreement or replacement manager, with deemed approval if the Lender fails to respond within such period
The appraisal must conform to the Uniform Standards of Professional Appraisal Practice ("USPAP") and must be satisfactory to the Lender in its reasonable judgment
The Lender must be named as mortgagee and loss payee under the property insurance policy
(2) The Borrower shall not own any asset other than the Property and incidental personal property related thereto
(3) The Borrower shall not incur any indebtedness other than the Loan, trade payables in the ordinary course, and other customary exceptions