Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / bridge-credit-agreement-summary-memo.docx
bridge-credit-agreement-summary-memo.docx
Parties
Harkness LLP
Devlin LLP
Meridian Sunstone Holdings LLC
Fairwater Sun Belt II LLC
Fairwater Sun Belt III LLC
Fairwater Sun Belt IV LLC
Fairwater Sun Belt VI LLC
Fairwater Sun Belt VII LLC
Dates
August 14, 2025
June 30, 2025
August 11, 2025
August 25, 2025
November 28, 2025
December 31, 2025
June 30, 2026
December 1, 2025
March 31, 2026
July 1, 2025
Amounts
$240,000,000
$385,000,000
$145,000,000
$22,392,000
$1,866,000
$4,800,000
$26,180,000
$26,870,400
$690,400
$218,167,000
Obligations
The extension option is not automatic and is subject to several conditions precedent, all of which must be satisfied on both the date the extension request is delivered and on the original maturity date: (a) No Event of Default
No Event of Default shall have occurred and be continuing at the time the extension request is delivered or on the original maturity date of December 31, 2025
The Portfolio loan-to-value ratio must not exceed 65% as of the date the extension request is made
The Portfolio debt service coverage ratio must be at least 1
The borrower must pay an extension fee equal to 25 basis points of the then-outstanding principal balance
The borrower must deliver its extension request in writing to the Administrative Agent no later than 30 days prior to the original maturity date, i