[elbucko]

5. SUBORDINATION. Seller to subordinate the seller financing described in No. 4 above to a construction loan of no greater than $7,000,000 at prevailing rate and terms.

I would NEVER subordinate a 1st. position without additional consideration(s).

[doug from upland]

I would NEVER subordinate a 1st. position without additional consideration(s).
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That is why you negotiate it in the original deal and why I wrote it that way. If you come back later, you probably cannot get someone to go along with it later without some big carrot. You also negotiate substitution of collateral and discount for early payoff in the original deal.