SUBORDINATION AGREEMENTSubordination Agreement • November 5th, 2020
Contract Type FiledNovember 5th, 2020This SUBORDINATION AGREEMENT (this “Agreement”) dated as of November , 2020, is executed by and among (i) GRANDBRIDGE REAL ESTATE CAPITAL LLC, a North Carolina limited liability company (“Senior Lender”), (ii) CITY OF ORLANDO, a Florida municipal corporation, whose address is 400 South Orange Avenue, Orlando, Florida 33802 (“Subordinate Lender”), and (iii) WEST LAKES PHASE I, LP, a Florida limited partnership, whose address is 1718 Peachtree St. NW South Tower, Suite 684, Atlanta GA 30309, a Florida limited partnership, whose address is 1718 Peachtree St. NW South Tower, Suite 684, Atlanta GA 30309 (“Borrower”).