CNC REI Buys Paloma Apartments, Takes $22.3M Greystone Loan

CNC REI bought Paloma Apartments in San Antonio and financed it with a $22.3M loan from Greystone, according to two Bexar County Clerk filings recorded Oct. 22, 2026.

Why it matters

The pairing gives San Antonio multifamily buyers and brokers a verified loan size on a recent apartment trade. Texas deeds carry no sale price, so the recorded loan is the only public dollar figure on the deal.

Instrument 20260206739, a deed dated Oct. 21, 2026, moved the property from Paloma San Antonio LLC to CNC REI 3 LLC. Instrument 20260206741, a deed of trust naming Greystone Servicing Company LLC as beneficiary, was recorded the same day. Both carry an Oct. 21 instrument date and an Oct. 22 recording date.

The legal description places the asset on Lot 25, Block 5, New City Block 18255, under the Paloma Apartments amending plat, case 22-11800039. New City Block numbers are City of San Antonio designations, which puts the property inside the city limits.

The numbers

• Loan principal: $22,300,000, stated in the deed of trust’s recitals.
• Lender: Greystone Servicing Company LLC.
• Borrower: CNC REI 3 LLC.
• Length: the deed of trust runs 27 pages.
• Sale price: not stated. The companion deed follows standard Texas practice and lists no consideration amount.

What’s next

The deed of trust secures the loan against the Paloma Apartments collateral only. Any later refinance, release or assignment would be recorded against instrument 20260206741 in the Bexar County Clerk’s index. The Bexar Appraisal District’s next valuation cycle will show how the property is assessed under its new owner.

More San Antonio trades and loans are tracked on the San Antonio markets page.