Plano's Headquarters Village Loan Moves Into Ares CMBS Trust
Citi Real Estate Funding assigned its lender interest to Wilmington Savings Fund Society as trustee for an Ares Commercial Mortgage Trust certificate series.
A Collin County filing recorded Oct. 23 shows Citi Real Estate Funding moved a loan secured by Headquarters Village in Plano into a commercial mortgage-backed securities trust. The underlying note carries an original principal amount of $643 million.
Why it matters
The document, instrument 2026000140991, is an assignment of deed of trust, assignment of leases and rents, security agreement and fixture filing. Citi Real Estate Funding Inc, the original lender, assigned its interest in the loan to Wilmington Savings Fund Society as trustee for Ares Commercial Mortgage Trust 2026 RTL Commercial Mortgage Pass Through Certificates Series 2026 RTL. Headquarters Village Owner LLC is named as the borrower on the underlying note. The move puts the loan into a securitized certificate structure. It is a transfer of an existing loan, not a fresh construction or acquisition financing.
The numbers
The underlying note carries an original principal amount of $643,000,000, dated Sept. 10, 2026, according to the deed-of-trust language cited in the assignment. The Collin County collateral is Lot 1, Block A of the Headquarters Village Plano subdivision, referencing a 2009 plat (2009/133). The filing does not say whether the $643 million note is also secured by property recorded elsewhere, so the figure should not be read as the value of this one lot. The assignment itself was recorded Oct. 23, 2026, roughly six weeks after the note’s stated date.
What’s next
Nothing in the record indicates new construction, a sale, or a change in use at Headquarters Village. CMBS assignments of this kind typically move loan servicing to a trustee and master or special servicer without altering the property’s operations. No permit or zoning filing tied to Headquarters Village Owner LLC has surfaced in DFW records to date. Watch Collin County filings and TDLR TABS registrations under the LLC’s name for any sign the loan proceeds are financing new work on the site, or Dallas-Fort Worth records more broadly for how large single-asset loans in the metro are being securitized.
On the record
Primary record
- Public recordThe recorded instrument is an assignment of deed of trust, not a new loan: it transfers Citi Real Estate Funding's lender interest in a $643,000,000 note dated Sept. 10, 2026 to Wilmington Savings Fund Society as trustee, covering Lot 1, Block A of the Headquarters Village Plano subdivision (plat reference 2009/133).View the record on collin.tx.publicsearch.us