Escambia County subordinates junior housing recovery loan

Escambia County, as Junior Lender, agrees to subordinate its $800,000 Hurricane Housing Recovery Program loan and related mortgage on Johnson Lakes Apartments to the $5,900,000 senior financing held by The Housing Partnership Fund, Inc. The intercreditor agreement clarifies the County’s junior payment and lien priorities and its enforcement rights relative to the senior debt.

Scope & details

The full contract record, as filed.

Contract amount

$800,000.00

Contract type

FINANCIAL_SERVICES

Renewal

Junior Loan Documents, originally dated December 7, 2006 and recorded February 28, 2007, remain in effect but are expressly subordinated to the Senior Loan for so long as any Senior Debt is outstanding. Junior Lender may only exercise its remedies after the Senior Debt has been paid and performed in full.

Document type

Agreement

Source document

Escambia County Subordination and Intercreditor Agreement 2026-05-01

Frequently asked questions

Common questions about this contract, answered from the record.

Who was awarded the financial services contract by Escambia County?

Escambia County was awarded this financial services contract by Escambia County, as recorded on May 1, 2026. The contract value is $800,000.00.

How much is the Escambia County contract with Escambia County worth?

The Escambia County contract with Escambia County is valued at $800,000.00, covering financial services work.

What type of contract is this?

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

Where was this contract approved?

This contract appears in Escambia County Subordination and Intercreditor Agreement 2026-05-01 (Agreement), dated May 1, 2026 from Escambia County. Civic IQ extracts contract records directly from agency meeting documents and solicitations.

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