Berkadia records $17.2M loan against San Antonio parcel

Berkadia Commercial Mortgage LLC lent $17,225,000 against a San Antonio parcel, according to a deed of trust recorded Oct. 28, 2026, with the Bexar County Clerk. The borrower of record is KG Blvd Owner LP, a limited partnership whose sponsor the filing does not name.

Why it matters

The $17.2 million loan comes from a national commercial mortgage firm, not a local bank, and is secured by a single platted lot. Bexar County Appraisal District and Texas Comptroller searches did not tie KG Blvd Owner LP to an operating brand or a registered officer, so the company behind the debt remains unidentified.

For brokers, lenders and contractors tracking capital in the city, the filing marks a sizable new debt position on a known parcel. The sponsor’s identity is the open question.

The numbers

• Loan principal: $17,225,000, stated in the deed of trust.
• Instrument: Bexar County Clerk deed of trust 20260211513, recorded Oct. 28, 2026.
• Collateral: Lot 7, Block 1, Bluebonnet Park #2 subdivision, New City Block 16477, per the filing’s legal description.
• Parties: KG Blvd Owner LP as borrower and Berkadia Commercial Mortgage LLC as lender. No other party appears on the instrument.

The deed of trust does not state the property’s use, size or any purchase price. Texas deeds do not carry a sale price, so no acquisition figure appears here.

What’s next

A future clerk filing would show any sale, refinance or release of this lien. Any construction on the lot would also require a City of San Antonio permit naming the contractor and declared job value. For more Bexar County deal filings, see our San Antonio market coverage.