Series No. 2 Short Term Notes Due 2025 (“Notes”)
Investment Details
The Company intends to use the proceeds from the issuance and sale of each Series of Short-Term Notes to finance the acquisition and enhancement of its Projects, including any development, construction, repair, renovation, or rehabilitation involved, as well as to meet any capital call obligations in Joint Ventures.
The Short-Term Notes will be direct, unsecured obligations of the Company, without guarantees from the REIT, the Advisor, or any other party.
The Company plans to use cash on the balance sheet, asset level refinance, future Note issuances and equity raises as the source of repayment.
The interest type is calculated as actual/365.
Investors will receive 1099-INT tax documents.
Fees
No fees apply.