FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS, SC 13E3, EX-99.(B)(22), 2001-01-12

FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS
SC 13E3, EX-99.(B)(22), 2001-01-12
REAL ESTATE INVESTMENT TRUSTS

Previous: FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS, SC 13E3, EX-99.(B)(21), 2001-01-12

Next: FIRST UNION REAL ESTATE EQUITY & MORTGAGE INVESTMENTS, SC 13E3, EX-99.(D)(1), 2001-01-12



<PAGE>   1
                                                                 Exhibit (b)(22)




SouthTrust Bank
230 Fourth Avenue North 8th Floor                       SOUTHTRUST
Nashville, TN  37219                                    BANK
(615) 880-4064                                          LOGO

Daniel S. Harrington
Group Vice President
Commercial Real Estate                  December 13, 2000


Mr. Dan Friedman
Radiant Partners LLC
551 Fifth Avenue, Suite 1416
New York, New York  10176

Dear Mr. Friedman:

     RE:  Commitment Letter dated October 2, 2000 from SouthTrust Bank
          ("SouthTrust") to Radiant Partners LLC, with respect to an assumption
          of the loan secured by Printer's Alley Garage located at 300 Church
          Street, Nashville, Tennessee (the "Commitment Letter")


Gentlemen:

        The above-referenced Commitment Letter is hereby modified and amended to
extend the Closing Date set forth in Section 12 from December 31, 2000 to
February 28, 2001.

        Except as set forth herein, all other terms and conditions of the
Commitment Letter are hereby ratified and affirmed.


                                        Sincerely,

                                        /s/ Daniel S. Harrington
                                        -------------------------------
                                        Daniel S. Harrington
                                        Group Vice President



                                     Page 1