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EXHIBIT 6 <br />RECORDING REQUESTED BY ) �� <br />AND WHEN RECORDED MAIL TO: ) <br />Buchalter, a Professional Corporation ) <br />1000 Wilshire Blvd., Suite 1500 ) <br />Los Angeles, CA 90017 ) <br />Attention: Mercedes O. Martin, Esq. ) <br />[Space Above This Line For Recording <br />SUBORDINATION AGREEMENT <br />This SUBORDINATION AGREEMENT (this "Agreement') dated as of [December <br />2020], is executed by and among (i) BAND OF AMERICA, N.A., a national banking <br />association ("Majority Owner"), (ii) the CITY OF SANTA ANA, a charter city and municipal <br />corporation ("Subordinate Lender"), (iii) LEGACY SQUARE, L.P., a California limited <br />partnership (`Borrower"), and (iv) WILMINGTON TRUST, N.A., a national association, <br />(`Bond Trustee", and together with the Majority Owner as senior lender sometimes collectively <br />referred to heroin as "Senior Lender"). <br />RECITALS: <br />A. Reference is made to that certain (i) S[ ] California Statewide <br />Communities Development Authority Multifamily Housing Revenue Bonds (Legacy Square <br />Apartments) 2020 Series X, and (ii) $[_ ] California Statewide Communities <br />Development Authority Multifamily Housing Revenue Bonds (Legacy Square Apartments) 2020 <br />Series X-T (Taxable) (collectively, the "Bonds") issued by California Statewide Communities <br />Development Authority, a joint exercise of powers agency duly organized and existing under the <br />laws of the State of California (the "Issuer"), in the aggregate principal amount of'[_]. <br />The Bonds are being issued pursuant to a certain Trost Indenture dated on or about the date <br />hereof (the "Indenture") by and between Issuer and Bond Trustee. Pursuant to that certain Loan <br />Agreement dated on or about the date hereof (the "Senior Loan Agreement") by and among <br />Borrower, Bond Trustee and Issuer, Issuer has agreed to make a loan to Borrower (the "Senior <br />Loan"), funded with proceeds of the sale of the Bonds. <br />B. The obligations of Borrower for repayment of the Senior Loan are evidenced by <br />(i) a certain Promissory Note Secured by Deed of Trust dated on or about the date hereof, made <br />by Borrower to the order of Issuer in the original principal amount of S[, and (ii) a <br />certain Promissory Note Secured by Deed of Trust dated on or about the date hereof, made by <br />Borrower to the order of Issuer in the original principal amount of $[ ] (collectively, the <br />"Senior Note") and secured by, among other things, that certain Construction and Permanent <br />Leasehold Deed of Trust with Assignment of Rents, Security Agreement and Fixture Filing dated <br />[BN 423?9799e2 <br />Suhordinauon Agreement — I,agacy Squaw I <br />55A-116 <br />