JPMorgan Chase records $85M deed of trust on Victory North lot
A 29-page deed of trust recorded Oct. 30, 2026 in Dallas County secures $85M in notes to JPMorgan Chase Bank on a Victory North lot near downtown Dallas.
Illustration- Source Briefing
- Public record
JPMorgan Chase Bank is the lender on an $85 million deed of trust secured by a lot in the Victory North addition in Dallas, according to a deed of trust the Dallas County Clerk recorded on Oct. 30, 2026. The borrower of record is PR Genesis Katy LP, a single-purpose partnership whose sponsor the filing does not name. For developers and lenders, it is an early marker of a large Victory Park financing before any project is announced.
Why it matters
Victory North is a platted addition in the Victory Park area north of downtown Dallas. An $85 million deed of trust recorded against Lot 1A, Block 2 is a large number for one platted lot. The filing does not say whether the notes are fully drawn or sized to this collateral alone.
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The instrument itself is a loan-agreement deed of trust. It refers to a loan agreement and promissory notes dated the same day, so the $85 million is the stated principal of the notes, not necessarily the amount drawn at closing. The record does not describe what is being built or refinanced.
The numbers
- Stated principal: $85,000,000 in aggregate promissory notes payable to a lender, per the OCR text of the recorded instrument.
- Instrument 202600233208: 29 pages, dated Oct. 28, 2026, recorded Oct. 30, 2026 at 9:27 a.m.
- Legal description: Victory North, Lot 1A, Block 2, City of Dallas.
- Lender: JPMorgan Chase Bank. Borrower: PR Genesis Katy LP.
- Parcels on the record: two.
What’s next
A deed of trust at this size is usually matched by a construction or term loan agreement that is not itself recorded, so the project type will most likely surface through a Dallas building permit, a city plan filing or a lender assignment. We will check the Dallas permit and plat records for activity on the Victory North lot and report the sponsor when a filing names one. For other Dallas-Fort Worth financing and development filings, see the Dallas market page.
On the record
Dallas County deed of trust 202600233208, recorded Oct. 30, 2026, secures promissory notes in an aggregate stated principal amount of $85,000,000 payable to JPMorgan Chase Bank, with PR Genesis Katy LP as borrower
Public record · dallas.tx.publicsearch.us