LA gay community center IRS 990, FY 2007

Page 26

LOS ANGELES GAY & LESBIAN COMMUNITY SERV }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} LENDER'S NAME }}}}}}}}}}}}}}} BANK

DATE OF NOTE }}}}}}}}

MATURITY DATE }}}}}}}} 10/25/11

95-3567895 }}}}}}}}}}

TERMS OF REPAYMENT }}}}}}}}}}}}}}}}}} INTEREST IS PAYABLE MONTHLY AT 2.5% OVER THE BANK'S INDEX THROUGH ORIGINAL LOAN AMOUNT }}}}}}}}}}}}}} 0.

SECURITY PROVIDED BY BORROWER }}}}}}}}}}}}}}}}}}}}}}}}}}}}} BUILDING

INTEREST RATE }}}}}}}} 9.77%

PURPOSE OF LOAN }}}}}}}}}}}}}}}

RELATIONSHIP OF LENDER }}}}}}}}}}}}}}}}}}}}}}}} FMV OF CONSIDERATION BALANCE DUE }}}}}}}}}}}}} }}}}}}}}}}}}}} 0. 1,328,039. }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} DESCRIPTION OF CONSIDERATION }}}}}}}}}}}}}}}}}}}}}}}}}}}}

LENDER'S NAME }}}}}}}}}}}}}}} WELLS FARGO BANK DATE OF NOTE }}}}}}}}

MATURITY DATE }}}}}}}} 02/15/09

TERMS OF REPAYMENT }}}}}}}}}}}}}}}}}} ORIGINAL LOAN AMOUNT }}}}}}}}}}}}}} 4,500,000.

SECURITY PROVIDED BY BORROWER }}}}}}}}}}}}}}}}}}}}}}}}}}}}} BUILDING

INTEREST RATE }}}}}}}} 5.75%

PURPOSE OF LOAN }}}}}}}}}}}}}}} LINE OF CREDIT

RELATIONSHIP OF LENDER }}}}}}}}}}}}}}}}}}}}}}}} FMV OF CONSIDERATION BALANCE DUE }}}}}}}}}}}}} }}}}}}}}}}}}}} 0. 4,057,704. }}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}}} DESCRIPTION OF CONSIDERATION }}}}}}}}}}}}}}}}}}}}}}}}}}}}

11580515 795952 LAGAYLESBIAN

26 STATEMENT(S) 7 2006.08020 LOS ANGELES GAY & LESBIAN C LAGAYLE1


Issuu converts static files into: digital portfolios, online yearbooks, online catalogs, digital photo albums and more. Sign up and create your flipbook.