Rate Reduction Notice for Loan Agreement and Promissory Note between BBX Capital Corporation and Bluegreen Specialty Finance, LLC

Contract Categories: Business Finance › Modification Agreements
Summary

This letter, dated July 1, 2017, notifies BBX Capital Corporation that the interest rate on its Loan Agreement and Promissory Note with Bluegreen Specialty Finance, LLC, originally dated April 17, 2015, is reduced to a fixed rate of 6% per year, effective immediately. The notice is issued by Bluegreen Corporation's Chief Financial Officer. The main obligation is the adjustment of the interest rate as specified.

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EX-10.96 33 c477136_ex10-96.htm EXHIBIT 10.96

 

Exhibit 10.96

 

 

July 1, 2017

 

Ray Lopez

BBX Capital Corporation

401 East Las Olas Blvd.

Suite 800

Fort Lauderdale, FL 33301

 

Re: Rate Reduction

 

Effective July 1, 2017, the interest rate on the Loan Agreement and Promissory Note dated April 17, 2015 by BBX Capital Corporation (f/k/a BFC Financial Corporation) to Bluegreen Specialty Finance, LLC is reduced to a fixed rate of six percent (6%) per annum.

 

Please contact me with any questions.

 

 

Thanks,

 

 

/s/ Anthony M. Puleo

Anthony M. Puleo

Bluegreen Corporation

SVP, Chief Financial Officer & Treasurer