City of Maple Grove City Council Agenda Packet May 2026
Bellwether named senior lender for Maple Village loan
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Description
Maple Grove will enter into a subordination agreement recognizing Bellwether Enterprise Mortgage Investments, LLC as senior lender for the refinanced Maple Village affordable housing project. Bellwether’s multifamily loan will be secured by a new senior mortgage, ahead of the city’s existing subordinate loan.
Contract Details
Contract Amount
Senior Loan original principal amount not specified (blank in template)
Vendor
BELLWETHER ENTERPRISE MORTGAGE INVESTMENTS LLC
Agency
City of Maple Grove, MN
Contract Type
FINANCIAL_SERVICES
Document Date
May 4, 2026
Contract Term
Dated as of _________, 2026; term not stated
Renewal Info
Initial execution of subordination and senior loan relationship in 2026; no renewal terms specified in the document.
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