New Owner Buys, Then Borrows Against Bexar Condo-Regime Property

Sardis SAT LLC took title to a property in the SCH San Antonio Master Condominium and pledged it as collateral for up to $32.0 million from TCG RE Agent LLC. Both instruments were recorded with the Bexar County Clerk on Oct. 13, 2026.

The deed shows Sardis SAT LLC bought the property from 123 Lex Ave Hotel LLC.

Why it matters

A purchase and a loan recorded on the same day show a new owner closing and leveraging the asset at once. For lenders and brokers watching Bexar County paper, that marks this condominium-regime property as freshly recapitalized. Neither Sardis SAT LLC nor TCG RE Agent LLC is tied to a confirmed operating brand in these records; both read as deal-specific entities.

The numbers

The deed of trust, instrument 20260200583, is dated Oct. 9 and recorded Oct. 13. It secures a loan “in the maximum aggregate principal amount of THIRTY TWO MILLION AND NO/100 DOLLARS ($32,000,000.00),” read from the recorded text. That is a ceiling, not necessarily the amount drawn. The companion deed, instrument 20260200582, is dated Sept. 25 and also recorded Oct. 13. Both carry the same legal description and index two parcels. Texas deeds carry no sale price, so no purchase figure appears.

What’s next

The next public marker would be another Bexar County filing against this loan: an assignment, a release or a notice of trustee’s sale. Neither instrument names an operator or confirms the property’s current use. Watch for a filing that names an operating company rather than another single-asset LLC. More San Antonio deal coverage is at San Antonio markets.