Public Building Authority of Sevierville Agenda April 2026
PBA To Consider Subordination Agreement with Goldman Sachs
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Description
The Public Building Authority is scheduled to consider a Subordination Agreement and Estoppel Certificate with Goldman Sachs Bank USA related to refinancing the Wilderness Development property. The agreement would clarify the status of existing restrictive covenants and address lender rights in connection with enforcement and future transfers.
Contract Details
Vendor
GOLDMAN SACHS BANK USA
Agency
Sevierville Housing Authority, TN
Contract Type
FINANCIAL_SERVICES
Document Date
April 18, 2026
Renewal Info
Agreement concerns subordination and estoppel related to a refinancing loan secured by a deed of trust, preserving restrictive covenants and defining lender rights; subject to final legal review before execution.
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ONGOINGIssuing Agency
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Local Housing Authority
Sevierville, TN
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