Jack Henry Sells Allen Lot, Buyer Records $18.3M Lease-Backed Loan

Jack Henry & Associates sold a lot in Allen on Oct. 15, 2026, and the buyer recorded an $18.3M deed of trust against it the same afternoon. The lender of record is UMB Bank National Association, acting as trustee for the Lease Backed Pass Through Trust, Series 2026, PIH Health. That naming points to certificate financing backed by a lease, not a conventional bank mortgage.

Why it matters

A deed of trust naming a bank “as trustee” for a named pass-through trust is not how most commercial debt in Collin County gets recorded. Most deeds of trust name the lender directly. A lease-backed trust usually means the debt was sold to investors and is repaid from a tenant’s rent, so the tenant’s credit, not the borrower’s, carries the deal.

The sequence matters too. The Collin County Clerk recorded the Jack Henry deed to the buyer, Allen Expressway Properties LLC, as instrument 2026000138038. The deed of trust followed as the next instrument number. A sale with trust-backed debt placed at closing is the pattern of a build-to-suit or sale-leaseback financing.

The numbers

According to the recorded deed of trust, the note carries an initial principal amount of $18,260,115.84, accreting to $18,357,691.81, with a maturity date of Oct. 31, 2036. The parcel is Lot 1D-2R, Block 1 of the Enterprises #2 subdivision. The clerk recorded the loan as instrument 2026000138039.

What’s next

The trust’s name links the debt to PIH Health, but the recorded deed of trust does not identify an operating tenant or a planned use for the parcel. A follow-on lease memorandum or a TDLR TABS registration would confirm who occupies the site and what gets built. More filings like this one are tracked on the Dallas-Fort Worth market hub.