Commercial Real Estate Intelligence
The easiest way to turn your property files into insights.
Trusted By
- Appraisals: Independent valuation establishing asset worth for transactions
- Broker Commission Agreements: Defines compensation for securing tenants or buyers
- GMP Contracts: Fixed-sum construction terms with cost-overrun protection
- Guarantees: Backstop obligations ensuring performance or payment security
- Ground Leases: Long-term land use rights with structured payment obligations
- Joint Venture Agreements: Defines ownership, capital, control, and profit sharing
- Letter of Intent: Defines the intended deal terms prior to PSA
- Leases: Sets tenant rights, rent terms, and operating responsibilities
- Ledgers: Detailed record of financial entries for reconciliation
- Licenses: Grants permission for specific property use or operations
- Loans: Outlines financing terms, covenants, collateral, and repayment
- PMAs: Governs operational responsibilities and management fees
- Rent Rolls: Summarizes tenancy, rent schedules, and occupancy status
- Service Agreements: Contracts for ongoing maintenance, cleaning, or operational support
- Storage Agreements: Terms for warehousing goods or equipment at facility
- Solar Leases: Energy system installed on property with fixed payments
- Tax Statements: Government assessment of property value and amounts owed
- Purchase and Sale Agreements: Defines transaction terms, contingencies, and closing requirements
- Certificates of Insurance: Defines tenants' insurance coverage policies
- Sales Statement: Defines tenants gross sales for percentage rent
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“Abstract has transformed the way our team works with our portfolio data. Being able to trace abstracted fields and AI answers directly back to the source document gives us confidence in the information we’re using to make decisions. Abstract’s AI frees up our team’s time to focus on solving real problems for tenants and clients.”
Powering your team’s property workflows
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From Files to Formulas
Turn your documents into spreadsheet analysis, with every input linked to its source.
(a) The Commitment. Lender agrees, on and subject to the terms and conditions hereinafter set forth, to make a commercial mortgage term loan (hereinafter, as it may be from time to time amended, modified, extended, renewed, substituted, and/or supplemented, referred to as the “Loan”) to Borrower on the Closing Date in an original principal amount of $26,000,000. Borrower may not re-borrow any principal amount repaid or prepaid on the Loan.
(b) Making the Loan. Upon satisfaction of the applicable conditions set forth in ARTICLE IV of this Agreement, Lender will make an initial advance of $25,000,000 (the “Initial Advance”) to Borrower. The remaining balance of the Loan equal to $1,000,000 shall be advanced from time-to-time upon Borrower’s satisfaction of the conditions set forth in Exhibit E, Section 1 and as described below (each, an “Additional Advance”): (i) $500,000 (the “Capital Expense Holdback”) shall be advanced for capital expenses approved by Lender (“Approved Capital Expense”) upon the satisfaction by Borrower of the terms and conditions set forth in Section 2 of Exhibit E; and (ii) $500,000 (the “Leasing Expense Holdback”) shall be advanced for leasing expenses approved by Lender (each an “Approved Leasing Expense”) upon the satisfaction by Borrower of the terms and conditions set forth in Section 3 of Exhibit E.
(c) Additional Conditions Applicable to Additional Advances. (i) Notwithstanding anything to the contrary herein or any other Loan Document, in no event shall Lender have any obligation to make any Additional Advance for the payment or reimbursement of Approved Capital Expenses or Approved Leasing Expenses unless it shall have first received evidence satisfactory to Lender in its sole discretion that Borrower has expended from its own funds and not from Loan proceeds an amount equal to at least 29% of the aggregate Approved Capital Expenses and 27% of the aggregate Approved Leasing Expenses for which Borrower is requesting an Additional Advance. (ii) Furthermore, notwithstanding anything to the contrary herein or any other Loan Document, Lender’s commitment to make Additional Advances of Loan proceeds from the Capital Expense Holdback which have not been advanced as of 7/31/2017, shall be permanently collapsed and terminated. No action or notice from Lender shall be required to effectuate such collapse and termination. From and after such collapse and termination, Lender shall have no further obligation to make any Additional Advances from the Capital Expense Holdback.
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Abstracted fields are configured to be automatically extracted without human review.
Abstracted fields are configured to undergo human review prior to entering the database.
Portfolio Size / Estimated Usage
Verified Pricing Summary
$777per month