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Subordination Agreement (City of Santa Ana) Form 6456 Page 1 <br />Fannie Mae 08-13 © 2013 Fannie Mae <br />[Westview House] <br />4883-3835-3436v.3 0113877-000026 <br />RECORDING REQUESTED BY AND <br />WHEN RECORDED RETURN TO: <br />Davis Wright Tremaine LLP <br />865 S. Figueroa Street <br />Suite 2400 <br />Los Angeles, California 90017 <br />Attention: Nancy Clapp, Esq. <br />SPACE ABOVE THIS LINE FOR RECORDER’S USE <br />SUBORDINATION AGREEMENT <br />(City of Santa Ana) <br />This SUBORDINATION AGREEMENT (this “Agreement”) dated as of <br />_________________, 2022, is executed by and among (i) UMPQUA BANK, an Oregon state- <br />chartered bank (in such capacity, “Initial Funding Lender” and “Senior Lender”), as assignee <br />of the CALIFORNIA STATEWIDE COMMUNITIES DEVELOPMENT AUTHORITY, a joint <br />exercise of powers agency, organized and existing under the laws of the State of California <br />(“Governmental Lender”), (ii) CITY OF SANTA ANA, a charter city and municipal corporation <br />(“Subordinate Lender”), and (iii) WESTVIEW HOUSE LP, a California limited partnership <br />(“Borrower”). <br />RECITALS: <br />A.Pursuant to Chapter 7 of Part 5 of Division 31 of the California Healt h and Safety <br />Code (the “Act”), Governmental Lender has determined to make a tax-exempt mortgage loan to <br />the Borrower in the maximum aggregate principal amount of $_______________ (the “Senior <br />Tax-Exempt Loan”) and a taxable mortgage loan to Borrower in the maximum aggregate <br />principal amount of $_________________ (the “Senior Taxable Loan”; and together with the <br />Senior Tax-Exempt Loan, the “Senior Loan”), in each case to provide for the financing of an 85- <br />unit rental housing development project (the “Project”) on the “Land” (“Land”) described in the <br />“Senior Secured Instrument” (as defined below). The Senior Loan will be made pursuant to that <br />certain Borrower Loan Agreement (as amended from time to time, the “Senior Loan Agreement”) <br />dated as of _______________ 1, 2022, between Governmental Lender, as lender, and Borrower, <br />as borrower, and disbursed pursuant to that certain Construction Funding Agreement (the <br />“Construction Funding Agreement”) dated as of even date herewith, by and between Borrower <br />and Senior Lender. The Senior Tax-Exempt Loan is evidenced by, among other things, that certain <br />promissory note dated as of even date herewith, made by Borrower to the order of Governmental <br />Lender in the face principal amount of the Senior Tax-Exempt Note (the “Senior Tax-Exempt <br />Note”), and the Senior Taxable Loan is evidenced by that certain promissory note dated as of even <br />date herewith, made by Borrower to the order of Governmental Lender in the face principal amount <br />of Senior Taxable Loan (the “Senior Taxable Note”; and together with the Senior Tax-Exempt <br />Note, the “Senior Note”). <br />EXHIBIT 6