Caritis Properties borrows $3M from PlainsCapital in Alamo Ranch

Caritis Properties pledged a lot in the Alamo Ranch Daycare subdivision in far West Bexar County to secure a $3 million loan from PlainsCapital Bank. The Bexar County Clerk recorded the deed of trust Oct. 21.

Why it matters

A bank loan secured by a single platted lot in a named subdivision points to a specific project on that site rather than a land hold. For builders, lenders and brokers working the Alamo Ranch corridor along Loop 1604, the lien puts the borrower, the lender and the collateral on the public record before any building permit appears. The subdivision’s name suggests a child care use, but the deed of trust does not state what will be built.

The numbers

The instrument secures a real estate lien note “in the principal sum of Three Million and No/100 Dollars ($3,000,000.00),” payable to PlainsCapital Bank. The collateral is described as Lot 12, Block 43, Alamo Ranch Daycare subdivision, with a reference filing at volume/page 20003/1645. The 17-page deed of trust, Bexar County instrument 20260206193, is dated Oct. 20 and was recorded Oct. 21.

Nothing on the record identifies a parent company or a prior project for Caritis Properties. This story reports only the principal, the lender and the collateral as they appear on the recorded instrument, which runs 17 pages in the clerk’s index.

What’s next

The next public record to watch is a building permit or a Texas Department of Licensing and Regulation (TDLR) project registration tied to Lot 12, Block 43, which would show the planned use and declared construction cost. A release of lien would show when the note is paid off.

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