Seven MQMF entities take $522M BNP Paribas loan, Dallas deed shows

A $522M deed of trust to BNP Paribas was recorded in Dallas County on Oct. 5, 2026, with seven MQMF-named entities as borrowers. For developers and brokers, it is a large loan whose only captured collateral is a Dallas apartment parcel. No record we checked names the sponsor.

Why it matters

Deeds of trust are the earliest public sign of a financing, often before any lender or sponsor announcement. This one is a single instrument with one lender and seven borrowers. Texas deeds carry no sale price, so the loan is the only dollar figure on the record, and nothing in it shows a purchase.

The numbers

Instrument 202600213970 was recorded Oct. 5, 2026, and dated Oct. 1. The $522M amount was read from the recorded document. The borrowers are MQMF Katy Cole Ave LLC, MQMF Bernardin LLC, MQMF Kendall Square LLC, MQMF Atlanta Midtown LLC, MQMF Dallas Carlisle Street LLC, MQMF Boca Broken Sound LLC and MQMF Charlotte SouthPark LLC. The only legal description our extract captured is in Dallas: Saltillo Apartments, Lot 9A, Block H, NCB 1625. The other entity names suggest properties elsewhere, but the record we read does not list them, so we do not count them.

A second instrument, 202600213971, was recorded the same day with BNP Paribas as grantee, a Carlisle and Hall subdivision legal in Dallas, and overlapping MQMF borrowers. We did not capture a dollar amount for it.

The Texas Comptroller lists MQMF Katy Cole Ave LLC as a Delaware company with MQMF Operating LLC as its sole listed member. MQMF Operating is listed at 2000 McKinney Ave., Suite 1100, Dallas. No outlet or filing we checked ties a sponsor brand to it, so we name the borrowers and lender only.

What’s next

Watch for release or assignment filings at the county clerk, and for a sponsor announcement that would name the brand. A comparable Dallas filing is the 23Springs $105M deed of trust. More local financing is tracked on the Dallas hub.