Extract to table
Pull the structured facts out of a document: parties, dates, amounts, obligations.
Extract to table / loan-document-negotiation-issues-memo.docx
loan-document-negotiation-issues-memo.docx
Parties
Harkness LLP
Fairwater Sun Belt XIV LLC
Ashworth McPhail LLP
Beacon Ridge Capital Advisors LLC
Alderman LLP
Fairwater Residential Management LLC
Delaware LLC
M. Rowley
Dates
October 20, 2025
October 15, 2025
November 28, 2025
November 14, 2025
December 31, 2025
November 7, 2025
October 22, 2025
November 28, 2027
July 1, 2025
June 30, 2025
Amounts
$240,000,000
$1,477,846
$26,180,000
$17,734,152
$385,000,000
$1.85
$3.2
$22,253,000
$500,000
$1,000,000
Obligations
Each Co-Borrower holds title to one property within the collateral portfolio and is required to satisfy the special purpose entity ("SPE") requirements set forth in the loan documents
Any transfer restriction violation that triggers full recourse must be limited to intentional, material violations, and must be subject to notice and cure provisions
Under a hard lockbox, every dollar of rental income from the 4,200 units across fourteen properties must flow through a lender-controlled account, and every disbursement — including routine operating expenses, property management fees, and distributions — must be processed through the lender's waterfall
The defeasance must be accomplished using U
As a large accelerated filer, Fairwater REIT is required to file its Form 10-Q with the SEC within forty (40) days after the end of each fiscal quarter
(b) Replacement of the property manager with a third-party (non-affiliated) management company should require Lender approval, which shall not be unreasonably withheld, conditioned, or delayed, and the Lender shall respond to any approval request within thirty (30) days