FINANCIAL_SERVICESRECOMMENDED

County Recommends Berkadia Mortgage Subordination Agreement

Clackamas County recommended approving a subordination agreement with Berkadia Commercial Mortgage LLC for financing the purchase of the Acadia Gardens and Town Center Station affordable housing properties. The agreement would subordinate the County’s two HOME loans to Berkadia’s senior mortgage without County General Fund expenditures.

Document date · October 4, 2026

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Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo
Motive logo
Veritone logo
TerraCycle logo
Cyvl logo
WithersRavenel logo
Derivita logo
Comcate logo
SafeTouch logo
IANS Research logo

Scope & details

The full contract record, as filed.

Contract amount
Not stated; senior loan financing the purchase of both properties
Contract type
FINANCIAL_SERVICES
Contract term
Commences on the date of the Subordination Agreement and continues until the earliest of payment of the senior indebtedness, payment of the subordinate indebtedness, or foreclosure-related termination events specified in the agreement
Renewal
The agreement remains in effect until payment of the senior or subordinate indebtedness or specified foreclosure-related termination; it also extends to qualifying refinancing of the senior debt.
Document type
StaffReport
Source document
Clackamas County StaffReport HOME Loan Assumption and Subordination 2026-10-08

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Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Clackamas County?

Berkadia Commercial Mortgage Llc was awarded this financial services contract by Clackamas County, as recorded on October 4, 2026.

What type of contract is this?

This is a Financial Services contract, documented as a staffreport record.

Where was this contract approved?

This contract appears in Clackamas County StaffReport HOME Loan Assumption and Subordination 2026-10-08 (StaffReport), dated October 4, 2026 from Clackamas County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

What other contracts does Berkadia Commercial Mortgage Llc hold?

Berkadia Commercial Mortgage 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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