Common Contracts
1 similar Loan Subordination Agreement contracts
Resolution 20-41: The Addison Loan Subordination AgreementLoan Subordination Agreement • June 17th, 2019
HTG Addison, LLC wishes to refinance the first mortgage for The Addison apartment complex, and is requesting that the city subordinate its mortgage dated June 21, 2018 for $150,000 be subordinated to the new mortgage in the amount of $5,125,000. This new subordination will not change the city's position as a junior lienholder, although the city will be behind a $5,125,000 loan rather than a
