Housing Authority Considers Refinance Loan Subordination
City of Grand TerraceCity · Grand Terrace, CA- Disclosed value
- $265,000
- From agenda
- Document date
- Sep 9, 2025
The 30-second brief
The Grand Terrace Housing Authority is considering approval of a resolution to modify and subordinate its existing RDA loan on 22565 Franklin Street to permit a $265,000 refinance loan from American Financial Network in first lien position. The action would allow immediate repayment of the $44,000 principal while keeping the equity share obligation secured in a second-position deed of trust.
American Financial Network holds this financial services contract with City of Grand Terrace. Its other public contracts on record include work for Northampton County.
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Contract details
- Contract type
- Financial Services
- Amount
- $265,000
- Document date
- September 9, 2025
- Agency
- City of Grand Terrace
- Source document
- city-of-grand-terrace-agenda-report-september-9-2025_541.pdf (Agenda)
American Financial Network's other public contracts
More City of Grand Terrace contracts
Questions about this contract
Who was awarded the financial services contract by City of Grand Terrace?
American Financial Network was awarded this financial services contract by City of Grand Terrace, as recorded on September 9, 2025. The contract value is $265,000.
How much is the American Financial Network contract with City of Grand Terrace worth?
The American Financial Network contract with City of Grand Terrace is valued at $265,000, covering financial services work.
What type of contract is this?
This is a Financial Services contract, documented as a agenda record.
Where was this contract approved?
This contract appears in city-of-grand-terrace-agenda-report-september-9-2025_541.pdf (Agenda), dated September 9, 2025 from City of Grand Terrace. Civic IQ extracts contract records directly from agency meeting documents and solicitations.
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What other contracts does American Financial Network hold?
American Financial Network may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.
What is City of Grand Terrace currently buying?
Explore City of Grand Terrace's vendors, signed contracts, and active RFPs on their Civic IQ agency profile.