Schedule of Material Terms for Loans Secured by Irvine, Sacramento (Horn Road), and Tustin Properties

Summary

This document outlines the key terms for loans secured by the Irvine, Sacramento (Horn Road), and Tustin properties. It details changes to standard loan documents to reflect each property, including principal amounts, monthly payment obligations, and the absence of certain reserves. The principal amounts are $3,785,000 for Irvine, $1,700,000 for Sacramento (Horn Road), and $4,625,000 for Tustin, with specified monthly payments. The agreement also includes legal property descriptions and clarifies that certain reserves required in other loans do not apply here.

EX-10.3 6 v85798exv10w3.txt EXHIBIT 10.3 Exhibit 10.3 Schedule of Material Terms of Loans secured by the Irvine, Sacramento (Horn Road) and Tustin properties in the form of Exhibits 10.1 and 10.2 Exhibit 10.1 Deed of Trust, Assignment of Leases and Rents, Security Agreement and Fixture Filing Loan secured by the Irvine property: 1. Various changes substituting "Folsom" property for the "Irvine" property as a defined term 2. There is no Tenant Improvement and Leasing Commission Reserve per Section 5 (c) of the Folsom loan in the Irvine loan 3. Exhibit A contains the legal description of the Irvine property Loan secured by the Sacramento (Horn Road) property: 1. Various changes substituting "Folsom" property for the "Sacramento (Horn Road)" property as a defined term 2. There is no Tenant Improvement and Leasing Commission Reserve per Section 5 (c) of the Folsom loan in the Sacramento (Horn Road) loan 3. Exhibit A contains the legal description of the Sacramento (Horn Road) property Loan secured by the Tustin property: 1. Various changes substituting "Folsom" property for the "Tustin" property as a defined term 2. There is no Tenant Improvement and Leasing Commission Reserve per Section 5 (c) of the Folsom loan in the Tustin loan 3. Exhibit A contains the legal description of the Tustin property Exhibit 10.2 Deed of Trust Note for the Folsom Property Loan secured by the Irvine property: 1. Various changes substituting "Folsom" property for the "Irvine" property as a defined term 2. The principal amount of the note secured by the Irvine property is $3,785,000 3. Principal and interest payments per month per section 1 (b) are $25,105.49 Loan secured by the Sacramento (Horn Road) property: 1. Various changes substituting "Folsom" property for the "Sacramento (Horn Road)" property as a defined term 2. The principal amount of the note secured by the Sacramento (Horn Road) property is $1,700,000 3. Principal and interest payments per month per section 1 (b) are $11,275.91 Loan secured by the Tustin property: 1. Various changes substituting "Folsom" property for the "Tustin" property as a defined term 2. The principal amount of the note secured by the Tustin property is $4,625,000 3. Principal and interest payments per month per section 1 (b) are $30,677.11