SUBORDINATION AGREEMENT (NOTE)Subordination Agreement (Note) • May 19th, 2021 • Iron Bridge Mortgage Fund, LLC • Real estate • California
This Subordination Agreement Note (the “Agreement”) is made and executed as of May 7, 2021, by CARR BUTTERFIELD, LLC, as collateral agent for the Subordinated Noteholders (as hereafter defined) (“Collateral Agent”), and IRON BRIDGE MANAGEMENT GROUP, LLC, an Oregon limited liability company, as attorney-in-fact for the Subordinated Noteholders (“Manager”, and together with Collateral Agent, individually and collectively, the “Creditor Parties”), to and in favor of UMPQUA BANK, an Oregon state-chartered bank (“Lender”), with respect to the following facts:
