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Council approves subordination agreement to allow refinancing of 1199 Central Avenue redevelopment
3048871 · April 8, 2025
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Summary
The council approved a subordination agreement that preserves repayment priorities among lenders for the developer refinancing the redevelopment at 1199 Central Avenue; an independent appraisal values the building at approximately $3.1 million.
DUBUQUE, Iowa — The City Council on April 7 approved a subordination agreement with New Silver Lending LLC that preserves the relative repayment positions among lenders for refinancing the completed redevelopment at 1199 Central Avenue.
Economic Development Director Jill Connors told…
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