EX-10.1
from S-11/A
14 pages
Re: Commitment Letter for a Hopkins Federal Savings Bank (“Lender”) $1,000,000 Commercial Revolving Line of Credit (“Loan”) Which Will He Used to Fund a Portion of Real Property Mortgage Loans (“Bridge Loans”) Made by Bridge Private Lending, LLC, (“Borrower”) to Borrower's Clients (“Bridge Borrowers”) and Which Are Approved by Lender. the Loan Will Be Collateralized and Secured by a First Position Lien Direct Assignment to Lender of the Promissory Notes, Mortgage Notes, Mortgages, Deeds of Trust, Indemnity Deeds of Trust, Guaranties and All Other Related Documents, Along With All of Borrower's Rights Thereunder, for Each Bridge Loan Which Is Funded by Advances Under This Loan, as Well as All Contracts and Other Receivables Arising From Each Bridge Loan Funded With the Loan
12/34/56