Ichigo Hotel REIT Investment Corporation borrowed funds from SMBC of JPY 400 million; Mizuho Bank of JPY 300 million; SBI Shinsei of JPY 300 million; Resona Bank of JPY 200 million; Fukuoka Bank of JPY 300 million; Nishi-Nippon
City Bank of JPY 300 million. Interest Rate: 3M JPY TIBOR +0.70% (p.a.). Repayment Date (Loan Term): 31 July 2029(5.5 years). Repayment Terms: Lump-sum repayment.