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<br /> <br />Maturity Date: [______] 1, 20[__] <br />Amortization Terms (in months) [480] months <br />First Loan Payment Date: [______] 1, 20[__] <br />First Monthly Tax and Insurance Escrow <br />Payment Date <br />The earlier of (a) the first Loan Payment Date <br />following the achievement of Stabilization or (b) <br />[______] 1, 20[__], provided that such date may be <br />extended in Controlling Person’s discretion <br />First Principal Payment Date: [______] 1, 20[__] <br />First Optional Call Date: [______] 1, 20[__] <br /> <br /> First Par Call Date: [______] 1, 20[__] <br />Optional Prepayment Premium: From and <br />including <br />To but Excluding Premium <br />[______] 1, 20[__] [______] 1, 20[__] 3.00% <br />[______] 1, 20[__] [______] 1, 20[__] 2.00% <br />[______] 1, 20[__] First Par Call Date 1.00% <br />First Par Call Date Maturity N/A <br /> <br /> First Put Date: [______] 1, 20[__] <br />Underwritten Permanent Loan Amount: <br /> <br />$[__________] <br /> <br />Aggregate of: <br />- Borrower Note: $[__________] <br />- Direct Note: $[__________] <br />Minimum Permanent Loan Amount: $[__________] <br /> <br />Aggregate of: <br />- Borrower Note: $[__________] <br />- Direct Note: $[__________] <br /> <br /> Maximum Permanent Loan Amount: $[__________] <br /> <br />Aggregate of: <br />- Borrower Note: $[__________] <br />- Direct Note: $[__________] <br />Other Terms: <br />Minimum Coverage: 1.[15] to 1.0