CONTRACTAPPROVED

City of Midlothian Awards Financial Services Contract to Gatehouse Midlothian Ownership LLC (February 2021)

City of Midlothian logoCity of Midlothian
Approved
Feb 23, 2021
Term
Ninety-day interest forbearance period

The 30-second brief

What it covers

Midlothian City Council approved a ninety-day interest forbearance arrangement between the Midlothian Community Development Corporation and Gatehouse Midlothian Ownership, LLC on a mezzanine loan. Accrued interest during the forbearance will be capitalized into the loan’s principal balance for later repayment.

Who holds it

Gatehouse Midlothian Ownership LLC holds this financial services contract with City of Midlothian.

What happens next

Term as filed: Ninety-day interest forbearance period.

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Contract details

Contract type
Financial Services
Document date
February 23, 2021
Term
Ninety-day interest forbearance period
Source document
City of Midlothian Regular Meeting Agenda February 2021 (Agenda)

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Questions about this contract

Who was awarded the financial services contract by City of Midlothian?

Gatehouse Midlothian Ownership LLC was awarded this financial services contract by City of Midlothian, as recorded on February 23, 2021.

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 Midlothian Regular Meeting Agenda February 2021 (Agenda), dated February 23, 2021 from City of Midlothian. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Gatehouse Midlothian Ownership LLC hold?

Gatehouse Midlothian Ownership LLC may hold additional government contracts. View their full contract history, the agencies they serve, and total tracked spend on their Civic IQ vendor profile.

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